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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGG - iShares Barclays Aggregate Bond Fund COM 464287226 10,318 94,371 SH   SOLE   94,371 0 0
BAB - PowerShares Build America Bond Portf COM 73937B407 217 7,085 SH   SOLE   7,085 0 0
BBT.E - BB&T Corp Ser E Non Cum Perp Pfd COM 054937404 13 500 SH   SOLE   500 0 0
CIU - iShares Intermediate Credit ETF COM 464288638 226 2,069 SH   SOLE   2,069 0 0
CMF - iShares S&P California AMT-Free Bond COM 464288356 615 10,399 SH   SOLE   10,399 0 0
CSJ - iShares 1-3 Yr Credit Bond ETF COM 464288646 247 2,365 SH   SOLE   2,365 0 0
FLOT - iShares Floating Rate Bond ETF COM 46429B655 11,685 229,922 SH   SOLE   229,922 0 0
HYD - Vaneck Vectors High Yield Muni COM 92189F361 392 12,556 SH   SOLE   12,556 0 0
IEF - iShares Barclays 7-10 Year Treasury COM 464287440 216 2,049 SH   SOLE   2,049 0 0
IEI - iShares Barclays 3-7 Year Treasury B COM 464288661 220 1,805 SH   SOLE   1,805 0 0
ITM - Vaneck Vectors AMT Free Int Muni COM 92189F544 42,601 1,769,894 SH   SOLE   1,769,894 0 0
MUB - iShares S&P National AMT-Free Bond F COM 464288414 25,131 226,939 SH   SOLE   226,939 0 0
NUV - Nuveen Municipal Value Fund COM 670928100 13 1,234 SH   SOLE   1,234 0 0
NYF - iShares S&P New York AMT-Free Bond F COM 464288323 564 10,120 SH   SOLE   10,120 0 0
SHM - SPDR Nuveen Barclays ST Muni ETF COM 78468R739 34,002 709,700 SH   SOLE   709,700 0 0
SUB - iShares S&P Short Term National AMT- COM 464288158 138 1,319 SH   SOLE   1,319 0 0
TFI - SPDR Nuveen Barclays Capital Municip COM 78468R721 1,582 32,305 SH   SOLE   32,305 0 0
TLH - iShares Barclays 10-20 Year Treasury COM 464288653 8 59 SH   SOLE   59 0 0