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
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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
ISHARES TR SELECT DIVID ETF 464287168   663,181 4,243 SH   SOLE   0 0 4,243
BNY MELLON ETF TRUST HIGH YIELD ETF 09661T800   6,265,437 131,600 SH   SOLE   0 0 131,600
DBX ETF TR XTRACK USD HIGH 233051432   42,198,860 1,155,500 SH   SOLE   0 0 1,155,500
FRANKLIN TEMPLETON ETF TR FRANKLIN DYN MUN 35473P868   8,839,704 351,200 SH   SOLE   0 0 351,200
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   1,357,685 6,381 SH   SOLE   0 0 6,381
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508   104,256,064 5,118,118 SH   SOLE   0 0 5,118,118
ISHARES TR IBOXX HI YD ETF 464288513   159,035,619 1,988,691 SH   SOLE   0 0 1,988,691
ISHARES TR CMBS ETF 46429B366   3,078,864 63,286 SH   SOLE   0 0 63,286
ISHARES TR BROAD USD HIGH 46435U853   307,034,218 8,293,739 SH   SOLE   0 0 8,293,739
J P MORGAN EXCHANGE TRADED F BET USD HIG ETF 46641Q878   12,247,442 265,700 SH   SOLE   0 0 265,700
NORTHERN LIGHTS FD TR OCEA PK DIVE ETF 66538J282   228,304 8,911 SH   SOLE   0 0 8,911
PGIM ETF TR ACTV HY BD ETF 69344A206   4,475,104 128,300 SH   SOLE   0 0 128,300
SSGA ACTIVE ETF TR ST STR BL LN ETF 78467V608   127,405,038 3,162,200 SH   SOLE   0 0 3,162,200
SPDR SERIES TRUST ST PORT HIGH ETF 78468R606   142,534,491 6,080,823 SH   SOLE   0 0 6,080,823
SPDR SERIES TRUST ST BLOO HIGH ETF 78468R622   169,690,609 1,760,824 SH   SOLE   0 0 1,760,824
ISHARES TR EAFE SML CP ETF 464288273   8,644,438 105,074 SH   SOLE   0 0 105,074
FIRST TR EXCH TRADED FD III MUNI HI INCM ETF 33739P301   5,639,387 116,300 SH   SOLE   0 0 116,300
ISHARES TR MBS ETF 464288588   34,177,203 361,587 SH   SOLE   0 0 361,587
ISHARES TR CORE S&P MCP ETF 464287507   14,289,177 185,309 SH   SOLE   0 0 185,309
ISHARES TR CORE S&P SCP ETF 464287804   4,942,876 33,328 SH   SOLE   0 0 33,328
VANGUARD INDEX FDS SML CP GRW ETF 922908595   12,984,179 35,505 SH   SOLE   0 0 35,505
ISHARES TR FLTG RATE NT ETF 46429B655   6,253,625 122,500 SH   SOLE   0 0 122,500
ISHARES INC MSCI CDA ETF 464286509   17,167,843 297,846 SH   SOLE   0 0 297,846
PRINCIPAL EXCHANGE TRADED FD SPECTRUM PFD 74255Y888   3,659,520 192,000 SH   SOLE   0 0 192,000
SPDR SERIES TRUST ST STR P500ETF 78464A854   174,846,487 1,989,605 SH   SOLE   0 0 1,989,605
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835   16,238,292 221,200 SH   SOLE   0 0 221,200
ISHARES TR INTL SEL DIV ETF 464288448   6,369,324 153,737 SH   SOLE   0 0 153,737
J P MORGAN EXCHANGE TRADED F MORTGAGE BACKED 46654Q575   45,661,565 900,978 SH   SOLE   0 0 900,978
AMERICAN CENTY ETF TR US SML CP VALU 025072877   18,940,315 151,814 SH   SOLE   0 0 151,814
PIMCO ETF TR ACTIVE BD ETF 72201R775   18,820,061 204,100 SH   SOLE   0 0 204,100
J P MORGAN EXCHANGE TRADED F ACTIVE BOND ETF 46654Q716   18,815,950 351,700 SH   SOLE   0 0 351,700
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201   3,283,829 111,581 SH   SOLE   0 0 111,581
WISDOMTREE TR JAPN HEDGE EQT 97717W851   12,962,465 74,703 SH   SOLE   0 0 74,703
INVESCO EXCH TRADED FD TR II S&P SMLCP INFO 46138E115   243,230 2,632 SH   SOLE   0 0 2,632
J P MORGAN EXCHANGE TRADED F BETA CDA ETF NEW 46641Q225   599,879 6,035 SH   SOLE   0 0 6,035
JANUS DETROIT STR TR HENDRSON AAA CL 47103U845   5,574,096 110,400 SH   SOLE   0 0 110,400
GLOBAL X FDS S&P 500 COVERED 37954Y475   3,895,445 95,500 SH   SOLE   0 0 95,500
JANUS DETROIT STR TR B-BBB CLO ETF 47103U753   13,078,070 276,200 SH   SOLE   0 0 276,200
VANGUARD BD INDEX FDS LONG TERM BOND 921937793   32,748,643 475,100 SH   SOLE   0 0 475,100
VANGUARD INDEX FDS VALUE ETF 922908744   5,089,755 23,355 SH   SOLE   0 0 23,355
ISHARES TR CONV BD ETF 46435G102   31,510,816 258,837 SH   SOLE   0 0 258,837
ISHARES TR TIPS BD ETF 464287176   20,693,213 189,100 SH   SOLE   0 0 189,100
DIMENSIONAL ETF TRUST US LARG VALU ETF 25434V666   842,202 21,300 SH   SOLE   0 0 21,300
DIMENSIONAL ETF TRUST US SMALL CAP ETF 25434V500   856,336 10,400 SH   SOLE   0 0 10,400
SPDR INDEX SHS FDS ST PORT MARK ETF 78463X509   931,108 17,982 SH   SOLE   0 0 17,982
GLOBAL X FDS US PFD ETF 37954Y657   11,311,524 605,218 SH   SOLE   0 0 605,218
ISHARES TR JPMORGAN USD EMG 464288281   66,893,002 693,623 SH   SOLE   0 0 693,623
ISHARES TR NATIONAL MUN ETF 464288414   2,367,532 21,999 SH   SOLE   0 0 21,999
SPDR SERIES TRUST ST NUVE HIGH ETF 78464A284   21,594,133 848,826 SH   SOLE   0 0 848,826
VANECK ETF TRUST JP MRGAN EM LOC 92189H300   15,095,583 590,594 SH   SOLE   0 0 590,594
VANGUARD CHARLOTTE FDS TOTAL INT BD ETF 92203J407   4,808,808 99,294 SH   SOLE   0 0 99,294
INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF 46138G649   22,942,403 75,725 SH   SOLE   0 0 75,725
INVESCO EXCH TRADED FD TR II S&P 500 MOMNTM 46138E339   732,422 4,534 SH   SOLE   0 0 4,534
ISHARES TR RUS 2000 GRW ETF 464287648   352,594 895 SH   SOLE   0 0 895
ISHARES TR RUS 2000 VAL ETF 464287630   344,851 1,559 SH   SOLE   0 0 1,559
ISHARES TR RUS MDCP VAL ETF 464287473   684,078 4,156 SH   SOLE   0 0 4,156
SCHWAB STRATEGIC TR US MID-CAP ETF 808524508   1,403,457 38,065 SH   SOLE   0 0 38,065
SCHWAB STRATEGIC TR US SML CAP ETF 808524607   717,975 19,872 SH   SOLE   0 0 19,872
VANGUARD INDEX FDS MCAP GR IDXVIP 922908538   695,914 2,272 SH   SOLE   0 0 2,272
VICTORY PORTFOLIOS II SHS FR CA FL ETF 92647X830   691,145 15,107 SH   SOLE   0 0 15,107
VANGUARD STAR FDS VG TL INTL STK F 921909768   1,650,641 19,308 SH   SOLE   0 0 19,308
THE ALGER ETF TRUST AI ENABLERS ADOP 015564503   6,404,752 140,332 SH   SOLE   0 0 140,332
FIRST TR EXCHANGE-TRADED FD NY ARCA BIOTECH 33733E203   2,213,410 8,929 SH   SOLE   0 0 8,929
FIRST TR EXCHANGE-TRADED FD US EQTY OPPT ETF 336920103   10,376,009 50,325 SH   SOLE   0 0 50,325
ISHARES TR EAFE GRWTH ETF 464288885   9,079,550 72,975 SH   SOLE   0 0 72,975
ISHARES TR EAFE VALUE ETF 464288877   8,525,909 111,377 SH   SOLE   0 0 111,377
ISHARES TR MSCI USA VALUE 46432F388   6,589,734 32,980 SH   SOLE   0 0 32,980
PIMCO ETF TR MULTISECTOR BD 72201R585   87,004,164 3,280,700 SH   SOLE   0 0 3,280,700
SELECT SECTOR SPDR TR ST STR FINL ETF 81369Y605   2,224,011 41,485 SH   SOLE   0 0 41,485
SELECT SECTOR SPDR TR ST STR INDL ETF 81369Y704   9,434,505 50,934 SH   SOLE   0 0 50,934
SPDR SERIES TRUST ST STR SP BIOT 78464A870   2,424,865 15,323 SH   SOLE   0 0 15,323
VANECK ETF TRUST FALLEN ANGEL HG 92189F437   17,400,724 595,100 SH   SOLE   0 0 595,100
VANECK ETF TRUST HIGH YLD MUNIETF 92189H409   34,290,207 665,700 SH   SOLE   0 0 665,700
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858   8,879,007 148,752 SH   SOLE   0 0 148,752
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813   39,084,850 519,400 SH   SOLE   0 0 519,400
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866   6,957,365 60,138 SH   SOLE   0 0 60,138
FRANKLIN TEMPLETON ETF TR HIGH YIELD CORP 35473P629   7,238,420 298,000 SH   SOLE   0 0 298,000
AMERICAN CENTY ETF TR INTL SMCP VLU 025072802   1,685,898 16,360 SH   SOLE   0 0 16,360
J P MORGAN EXCHANGE TRADED F CORE PLUS BD ETF 46641Q670   29,215,456 622,400 SH   SOLE   0 0 622,400
J P MORGAN EXCHANGE TRADED F INFL MANA BD ETF 46654Q104   3,182,025 66,500 SH   SOLE   0 0 66,500
INVESCO EXCH TRADED FD TR II NATL AMT MUNI 46138E537   2,895,312 123,100 SH   SOLE   0 0 123,100