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 13,162 114,121 SH   SOLE   114,121 0 0
BAB - Invesco Taxable Municipal Bond Fund COM 46138G805 179 5,394 SH   SOLE   5,394 0 0
CMF - iShares S&P California AMT-Free Bond COM 464288356 326 5,201 SH   SOLE   5,201 0 0
FLOT - iShares Floating Rate Bond ETF COM 46429B655 2,401 47,243 SH   SOLE   47,243 0 0
HYD - Vaneck Vectors High Yield Muni COM 92189H409 235 3,697 SH   SOLE   3,697 0 0
IGIB - iShares 5-10 Yr Inv Grade Corp ETF COM 464288638 1,396 23,072 SH   SOLE   23,072 0 0
IGSB - iShares 1-5 Yr Inv Grade Corp ETF COM 464288646 679 12,381 SH   SOLE   12,381 0 0
ITM - Vaneck Vectors AMT Free Int Muni COM 92189H201 44,569 860,078 SH   SOLE   860,078 0 0
MUB - iShares S&P National AMT-Free Bond F COM 464288414 23,300 198,803 SH   SOLE   198,803 0 0
NYF - iShares S&P New York AMT-Free Bond F COM 464288323 1,396 23,881 SH   SOLE   23,881 0 0
SHM - SPDR Nuveen Barclays ST Muni ETF COM 78468R739 42,538 858,319 SH   SOLE   858,319 0 0
SHYD - VanEck Vectors Short High Yield ETF COM 92189F387 235 9,216 SH   SOLE   9,216 0 0
SJNK - SPDR Barclays Short Term High Yld COM 78468R408 42 1,515 SH   SOLE   1,515 0 0
SUB - iShares S&P Short Term National AMT- COM 464288158 48 441 SH   SOLE   441 0 0
TFI - SPDR Nuveen Barclays Capital Municip COM 78468R721 24 460 SH   SOLE   460 0 0
TIP - iShares Barclays US Treasury Inflati COM 464287176 63 489 SH   SOLE   489 0 0
USIG - iShares Investment Corp Bond ETF COM 464288620 314 5,184 SH   SOLE   5,184 0 0
VTEB - Vanguard Tax-Exempt Bond ETF COM 922907746 1,839 33,249 SH   SOLE   33,249 0 0