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 11,212 97,185 SH   SOLE   97,185 0 0
BAB - Invesco Taxable Municipal Bond Fund COM 46138G805 244 7,900 SH   SOLE   7,900 0 0
CMF - iShares S&P California AMT-Free Bond COM 464288356 356 5,882 SH   SOLE   5,882 0 0
FLOT - iShares Floating Rate Bond ETF COM 46429B655 2,437 49,992 SH   SOLE   49,992 0 0
HYD - Vaneck Vectors High Yield Muni COM 92189H409 323 6,174 SH   SOLE   6,174 0 0
IEF - iShares Barclays 7-10 Year Treasury COM 464287440 59 485 SH   SOLE   485 0 0
IEI - iShares Barclays 3-7 Year Treasury B COM 464288661 29 219 SH   SOLE   219 0 0
IGIB - iShares Intermediate Corp Bond ETF COM 464288638 415 7,559 SH   SOLE   7,559 0 0
IGSB - iShares Short Term Corp Bond ETF COM 464288646 743 14,184 SH   SOLE   14,184 0 0
ITM - Vaneck Vectors AMT Free Int Muni COM 92189H201 42,958 874,472 SH   SOLE   874,472 0 0
MUB - iShares S&P National AMT-Free Bond F COM 464288414 22,322 197,520 SH   SOLE   197,520 0 0
NYF - iShares S&P New York AMT-Free Bond F COM 464288323 1,173 20,756 SH   SOLE   20,756 0 0
SHM - SPDR Nuveen Barclays ST Muni ETF COM 78468R739 42,046 859,833 SH   SOLE   859,833 0 0
SHYD - VanEck Vectors Short High Yield ETF COM 92189F387 391 17,375 SH   SOLE   17,375 0 0
SJNK - SPDR Barclays Short Term High Yld COM 78468R408 29 1,243 SH   SOLE   1,243 0 0
SUB - iShares S&P Short Term National AMT- COM 464288158 47 441 SH   SOLE   441 0 0
TFI - SPDR Nuveen Barclays Capital Municip COM 78468R721 23 460 SH   SOLE   460 0 0
TIP - iShares Barclays US Treasury Inflati COM 464287176 47 399 SH   SOLE   399 0 0
USIG - iShares Investment Corp Bond ETF COM 464288620 415 7,416 SH   SOLE   7,416 0 0
VTEB - Vanguard Tax-Exempt Bond ETF COM 922907746 2,395 45,265 SH   SOLE   45,265 0 0