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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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
SPDR SER TR BARCLAYS HIGH YIELD BD ETF ETF 78464A417   296,123 8,018,511 SH   SOLE   0 0 0
PIMCO 0-5 year High Yield Corp Bond ETF 72201R783   28,116 278,217 SH   SOLE   0 0 0
SPDR Barclays Capital ST High Yield ETF 78468R408   48,023 1,717,593 SH   SOLE   0 0 0
PowerShares High Yield Corp Bond ETF 73936T557   1,523 80,988 SH   SOLE   0 0 0
SPDR Bloomberg Barclays Convertible Securities ETF 78464A359   44,350 922,047 SH   SOLE   0 0 0
VanEck Vectors Fallen Angel High Yield Bond ETF ETF 92189F437   5,005 169,319 SH   SOLE   0 0 0
ISHARES TR IBOXX $ HIGH YIELD CORP BD ETF ETF 464288513   296,400 3,376,632 SH   SOLE   0 0 0