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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alerian MLP ETF ETF 00162Q452   305,549 7,186 SH   SOLE   0 0 0
Xtrackers USD High Yield Corporate Bond ETF ETF 233051432   59,588,640 1,674,731 SH   SOLE   0 0 0
Invesco CEF Income Composite ETF ETF 46138E404   390,532 21,743 SH   SOLE   0 0 0
Invesco Variable Rate Preferred ETF ETF 46138G870   330,716 14,330 SH   SOLE   0 0 0
iShares 20plus Year Treasury Bond ETF ETF 464287432   381,281 3,856 SH   SOLE   0 0 0
iShares 7-10 Year Treasury Bond ETF ETF 464287440   22,546,451 233,727 SH   SOLE   0 0 0
iShares iBoxx High Yield Corporate Bond ETF ETF 464288513   2,237,268 28,909 SH   SOLE   0 0 0
iShares National Muni Bond ETF ETF 464288414   229,504 2,117 SH   SOLE   0 0 0
iShares Floating Rate Bond ETF ETF 46429B655   331,596 6,551 SH   SOLE   0 0 0
iShares Treasury Floating Rate Bond ETF ETF 46434V860   734,755 14,558 SH   SOLE   0 0 0
JPMorgan Ultra-Short Income ETF ETF 46641Q837   331,514 6,600 SH   SOLE   0 0 0
Janus Henderson B-BBB CLO ETF ETF 47103U753   326,557 6,810 SH   SOLE   0 0 0
SPDR Bloomberg International Corporate Bond ETF ETF 78464A151   402,292 13,436 SH   SOLE   0 0 0
SPDR Bloomberg Convertible Securities ETF ETF 78464A359   6,227,795 86,219 SH   SOLE   0 0 0
SPDR Bloomberg International Treasury Bond ETF ETF 78464A516   244,806 10,561 SH   SOLE   0 0 0
SPDR Bloomberg High Yield Bond ETF ETF 78468R622   25,030,848 263,965 SH   SOLE   0 0 0
SPDR Dow Jones Industrial Average ETF ETF 78467X109   2,465,959 6,540 SH   SOLE   0 0 0
SPDR Gold Shares ETF ETF 78463V107   314,018 1,640 SH   SOLE   0 0 0
VanEck High Yield Muni ETF ETF 92189H409   6,542,793 126,725 SH   SOLE   0 0 0
Vanguard Total Bond Market ETF ETF 921937835   1,653,381 22,426 SH   SOLE   0 0 0
iShares MSCI Emerging Markets ETF ETF 464287234   323,989 8,053 SH   SOLE   0 0 0
iShares US Industrial ETF ETF 464287754   215,669 1,881 SH   SOLE   0 0 0
Vanguard Small Cap Value Index Fund ETF ETF 922908611   342,425 1,882 SH   SOLE   0 0 0
Vanguard Dividend Appreciation Index Fund ETF ETF 921908844   837,580 4,910 SH   SOLE   0 0 0
Vanguard Health Care Index Fund ETF ETF 92204A504   207,788 828 SH   SOLE   0 0 0