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
ANTERO MIDSTREAM CORP COM 03676B102 253 26,136 SH   SOLE   26,136 0 0
APTIV PLC SHS G6095L109 273 1,653 SH   SOLE   1,653 0 0
ARROW INVTS TR DWA COUNTRY ETF 042765685 12,087 327,666 SH   SOLE   327,666 0 0
ARROW INVTS TR RESV CAP ETF 042765719 43,763 438,403 SH   SOLE   438,403 0 0
ARROW INVTS TR RVRSE CAP500 ETF 042765677 7,154 294,898 SH   SOLE   294,898 0 0
ASSURANT INC COM 04621X108 289 1,854 SH   SOLE   1,854 0 0
BORGWARNER INC COM 099724106 358 7,946 SH   SOLE   7,946 0 0
BP MIDSTREAM PARTNERS LP UNIT LTD PTNR 0556EL109 312 20,372 SH   SOLE   20,372 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 279 20,784 SH   SOLE   20,784 0 0
CBRE GROUP INC CL A 12504L109 584 5,387 SH   SOLE   5,387 0 0
CITY OFFICE REIT INC COM 178587101 307 15,578 SH   SOLE   15,578 0 0
COOPER COS INC COM NEW 216648402 240 572 SH   SOLE   572 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344208 265 9,601 SH   SOLE   9,601 0 0
DCP MIDSTREAM LP COM UT LTD PTN 23311P100 262 9,518 SH   SOLE   9,518 0 0
DEERE & CO COM 244199105 490 1,429 SH   SOLE   1,429 0 0
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 247 5,774 SH   SOLE   5,774 0 0
DENTSPLY SIRONA INC COM 24906P109 286 5,131 SH   SOLE   5,131 0 0
DISCOVERY INC COM SER A 25470F104 289 12,291 SH   SOLE   12,291 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 297 36,106 SH   SOLE   36,106 0 0
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336T100 271 39,260 SH   SOLE   39,260 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 264 12,038 SH   SOLE   12,038 0 0
FASTENAL CO COM 311900104 206 3,207 SH   SOLE   3,207 0 0
FEDERAL RLTY INVT TR SH BEN INT NEW 313747206 231 1,698 SH   SOLE   1,698 0 0
FIRST TR MID CAP CORE ALPHAD COM SHS 33735B108 5,446 52,931 SH   SOLE   52,931 0 0
FIRST TR SML CP CORE ALPHA F COM SHS 33734Y109 5,651 58,215 SH   SOLE   58,215 0 0
FRANKLIN STR PPTYS CORP COM 35471R106 362 60,770 SH   SOLE   60,770 0 0
GAP INC COM 364760108 184 10,440 SH   SOLE   10,440 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 321 29,933 SH   SOLE   29,933 0 0
GENUINE PARTS CO COM 372460105 238 1,700 SH   SOLE   1,700 0 0
GETTY RLTY CORP NEW COM 374297109 302 9,425 SH   SOLE   9,425 0 0
GLOBAL NET LEASE INC COM NEW 379378201 261 17,066 SH   SOLE   17,066 0 0
GLOBAL PARTNERS LP COM UNITS 37946R109 306 13,043 SH   SOLE   13,043 0 0
GRAINGER W W INC COM 384802104 217 419 SH   SOLE   419 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 203 2,953 SH   SOLE   2,953 0 0
HCA HEALTHCARE INC COM 40412C101 293 1,139 SH   SOLE   1,139 0 0
HESS MIDSTREAM LP CL A SHS 428103105 269 9,718 SH   SOLE   9,718 0 0
HOME DEPOT INC COM 437076102 254 613 SH   SOLE   613 0 0
HUNT J B TRANS SVCS INC COM 445658107 320 1,563 SH   SOLE   1,563 0 0
INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT 456237106 271 10,811 SH   SOLE   10,811 0 0
INVESCO ACTIVLY MANGD ETC FD OPTIMUM YIELD 46090F100 201 14,276 SH   SOLE   14,276 0 0
INVESCO DB COMMDY INDX TRCK UNIT 46138B103 8,803 423,623 SH   SOLE   423,623 0 0
INVESCO DB MULTI-SECTOR COMM ENERGY FD 46140H304 480 28,112 SH   SOLE   28,112 0 0
INVESCO DB MULTI-SECTOR COMM OIL FD 46140H403 435 32,091 SH   SOLE   32,091 0 0
ISHARES TR 1 3 YR TREAS BD 464287457 3,676 42,977 SH   SOLE   42,977 0 0
ISHARES TR 20 YR TR BD ETF 464287432 4,776 32,229 SH   SOLE   32,229 0 0
ISHARES TR COHEN STEER REIT 464287564 5,891 77,436 SH   SOLE   77,436 0 0
ISHARES TR IBOXX HI YD ETF 464288513 1,853 21,297 SH   SOLE   21,297 0 0
ISHARES TR IBOXX INV CP ETF 464287242 1,825 13,773 SH   SOLE   13,773 0 0
ISHARES TR MSCI INDIA ETF 46429B598 1,460 31,857 SH   SOLE   31,857 0 0
KIMBELL RTY PARTNERS LP UNIT 49435R102 277 20,295 SH   SOLE   20,295 0 0
KNOT OFFSHORE PARTNERS LP COM UNITS Y48125101 195 14,623 SH   SOLE   14,623 0 0
LKQ CORP COM 501889208 242 4,041 SH   SOLE   4,041 0 0
LOWES COS INC COM 548661107 265 1,026 SH   SOLE   1,026 0 0
LUMEN TECHNOLOGIES INC COM 550241103 354 28,247 SH   SOLE   28,247 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 262 5,631 SH   SOLE   5,631 0 0
MOBILE TELESYSTEMS PUB JT ST SPONSORED ADR 607409109 223 28,109 SH   SOLE   28,109 0 0
MPLX LP COM UNIT REP LTD 55336V100 271 9,157 SH   SOLE   9,157 0 0
NATIONAL HEALTH INVS INC COM 63633D104 278 4,841 SH   SOLE   4,841 0 0
NEWS CORP NEW CL B 65249B208 273 12,146 SH   SOLE   12,146 0 0
NUCOR CORP COM 670346105 551 4,827 SH   SOLE   4,827 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 266 16,754 SH   SOLE   16,754 0 0
OASIS MIDSTREAM PARTNERS LP COM UNITS REPS 67420T206 288 12,066 SH   SOLE   12,066 0 0
OFFICE PPTYS INCOME TR COM SHS BEN INT 67623C109 270 10,873 SH   SOLE   10,873 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100 272 759 SH   SOLE   759 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 256 8,640 SH   SOLE   8,640 0 0
PBF LOGISTICS LP UNIT LTD PTNR 69318Q104 242 21,382 SH   SOLE   21,382 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 192 10,751 SH   SOLE   10,751 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 266 7,383 SH   SOLE   7,383 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 246 26,311 SH   SOLE   26,311 0 0
PLAINS GP HLDGS L P LTD PARTNR INT A 72651A207 253 24,919 SH   SOLE   24,919 0 0
POOL CORP COM 73278L105 215 380 SH   SOLE   380 0 0
RATTLER MIDSTREAM LP COM UNITS 75419T103 262 22,995 SH   SOLE   22,995 0 0
REGENCY CTRS CORP COM 758849103 204 2,709 SH   SOLE   2,709 0 0
ROBERT HALF INTL INC COM 770323103 583 5,228 SH   SOLE   5,228 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 5,400 138,296 SH   SOLE   138,296 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 6,078 34,956 SH   SOLE   34,956 0 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 257 22,306 SH   SOLE   22,306 0 0
SL GREEN RLTY CORP COM 78440X804 279 3,892 SH   SOLE   3,892 0 0
SPDR SER TR DJ REIT ETF 78464A607 5,973 48,889 SH   SOLE   48,889 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 269 5,590 SH   SOLE   5,590 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 259 17,706 SH   SOLE   17,706 0 0
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 86765K109 292 7,161 SH   SOLE   7,161 0 0
TELEFONICA BRASIL SA NEW ADR 87936R205 281 32,461 SH   SOLE   32,461 0 0
UNDER ARMOUR INC CL A 904311107 227 10,728 SH   SOLE   10,728 0 0
UNDER ARMOUR INC CL C 904311206 200 11,080 SH   SOLE   11,080 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 384 2,962 SH   SOLE   2,962 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109 293 16,775 SH   SOLE   16,775 0 0
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103 293 13,156 SH   SOLE   13,156 0 0
WP CAREY INC COM 92936U109 300 3,661 SH   SOLE   3,661 0 0