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 9,169 84,061 SH   SOLE   84,061 0 0
BAB - Invesco Taxable Municipal Bond Fund COM 46138G805 224 7,368 SH   SOLE   7,368 0 0
CMF - iShares S&P California AMT-Free Bond COM 464288356 417 7,002 SH   SOLE   7,002 0 0
FLOT - iShares Floating Rate Bond ETF COM 46429B655 12,444 244,435 SH   SOLE   244,435 0 0
HYD - Vaneck Vectors High Yield Muni COM 92189H409 361 5,755 SH   SOLE   5,755 0 0
IEF - iShares Barclays 7-10 Year Treasury COM 464287440 49 461 SH   SOLE   461 0 0
IGSB - iShares Short Term Corp Bond ETF COM 464288646 700 13,258 SH   SOLE   13,258 0 0
ITM - Vaneck Vectors AMT Free Int Muni COM 92189H201 44,848 919,011 SH   SOLE   919,011 0 0
MUB - iShares S&P National AMT-Free Bond F COM 464288414 12,847 115,545 SH   SOLE   115,545 0 0
NUV - Nuveen Municipal Value Fund COM 670928100 12 1,234 SH   SOLE   1,234 0 0
NYF - iShares S&P New York AMT-Free Bond F COM 464288323 739 13,236 SH   SOLE   13,236 0 0
SHM - SPDR Nuveen Barclays ST Muni ETF COM 78468R739 43,247 892,053 SH   SOLE   892,053 0 0
SHYD - VanEck Vectors Short High Yield ETF COM 92189F387 403 16,328 SH   SOLE   16,328 0 0
SJNK - SPDR Barclays Short Term High Yld COM 78468R408 32 1,164 SH   SOLE   1,164 0 0
SUB - iShares S&P Short Term National AMT- COM 464288158 73 693 SH   SOLE   693 0 0
TFI - SPDR Nuveen Barclays Capital Municip COM 78468R721 63 1,270 SH   SOLE   1,270 0 0
USIG - iShares Investment Corp Bond ETF COM 464288620 385 6,966 SH   SOLE   6,966 0 0
VTEB - Vanguard Tax-Exempt Bond ETF COM 922907746 3,192 61,215 SH   SOLE   61,215 0 0