The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Global X MLP ETF GLOBAL X FDS 37954Y343   891,845 20,001 SH   SOLE   20,001 0 0
Invesco Optimum Yield INVESCO ACTVELY MNGD ETC FD 46090F100   956,800 64,000 SH   SOLE   64,000 0 0
Invesco Senior Loan ETF INVESCO EXCH TRADED FD TR II 46138G508   15,961,153 760,417 SH   SOLE   760,417 0 0
iShares TIPS Bond ETF ISHARES TR 464287176   7,966,837 76,811 SH   SOLE   76,811 0 0
iShares JPMorgan USD Emerging Markets Bond ETF ISHARES TR 464288281   3,309,052 40,100 SH   SOLE   40,100 0 0
ISHARES NATIONAL MUNI BOND ETF ISHARES TR 464288414   7,273,470 70,933 SH   SOLE   70,933 0 0
ISHARES S&P US PREFERRED STOCK INDEX FUND ISHARES TR 464288687   1,594,905 52,899 SH   SOLE   52,899 0 0
IShares Broad USD High Yield Corporate Bond ETF ISHARES TR 46435U853   5,654,780 162,915 SH   SOLE   162,915 0 0
Spdr Bloomberg Barclays Convertible SPDR SER TR 78464A359   1,680,965 24,793 SH   SOLE   24,793 0 0
SPDR BLOOMBERG BARCLAYS SHORT TERM HIGH YIELD BOND SPDR SER TR 78468R408   9,077,106 371,100 SH   SOLE   371,100 0 0
Vaneck Vectors Emerging Market High Yield Bond ETF VANECK ETF TRUST 92189F353   5,559,305 311,970 SH   SOLE   311,970 0 0
Vanguard Emerging Markets Government Bond Fund ETF VANGUARD WHITEHALL FDS 921946885   4,786,931 80,915 SH   SOLE   80,915 0 0
Vanguard Short-Term Inflation-Protected VANGUARD MALVERN FDS 922020805   11,582,465 244,976 SH   SOLE   244,976 0 0
Vanguard Mortgage-Backed Securities ETF VANGUARD SCOTTSDALE FDS 92206C771   9,078,002 207,355 SH   SOLE   207,355 0 0
VANGUARD REAL ESTATE ETF VANGUARD INDEX FDS 922908553   551,334 7,287 SH   SOLE   7,287 0 0