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
iShares 7-10 Year Treasury Bond ETF ETF 464287440 77,874 637,950 SH   SOLE   0 0 0
iShares 10-20 Year Treasury Bond ETF ETF 464288653 406 2,435 SH   SOLE   0 0 0
iShares 20 Year Treasury Bond ETF ETF 464287432 251,566 1,535,150 SH   SOLE   0 0 0
iShares Agency Bond ETF ETF 464288166 164 1,356 SH   SOLE   0 0 0
iShares iBoxx $ Investment Grade Corporate Bond ETF 464287242 295 2,188 SH   SOLE   0 0 0
iShares JP Morgan USD Emerging Markets Bond ETF ETF 464288281 75 691 SH   SOLE   0 0 0
iShares MBS ETF ETF 464288588 230 2,080 SH   SOLE   0 0 0
iShares Preferred & Income Securities ETF ETF 464288687 310 8,971 SH   SOLE   0 0 0
iShares TIPS Bond ETF ETF 464287176 70 572 SH   SOLE   0 0 0
SPDR Blackstone / GSO Senior Loan ETF ETF 78467V608 432 9,970 SH   SOLE   0 0 0
SPDR Bloomberg Barclays Convertible Securities ETF ETF 78464A359 520 8,527 SH   SOLE   0 0 0
SPDR Bloomberg Barclays International Corporate ETF 78464A151 34 1,013 SH   SOLE   0 0 0
SPDR Bloomberg Barclays International Treasury ETF 78464A516 70 2,444 SH   SOLE   0 0 0
SPDR Bloomberg Barclays Short Term High Yield ETF 78468R408 171 6,826 SH   SOLE   0 0 0
VanEck Vectors International High Yield Bond ETF ETF 92189F445 72 3,013 SH   SOLE   0 0 0
Vanguard Extended Duration Treasury ETF ETF 921910709 454 2,752 SH   SOLE   0 0 0
Vanguard Total Bond Market ETF ETF 921937835 103 1,163 SH   SOLE   0 0 0
Xtrackers USD High Yield Corporate Bond ETF ETF 233051432 244 5,223 SH   SOLE   0 0 0
VanEck Vectors High-Yield Municipal Index ETF ETF 92189H409 36,449 617,528 SH   SOLE   0 0 0
SPDR Portfolio Long Term Treasury ETF ETF 78464A664 3,069 65,592 SH   SOLE   0 0 0