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
FIDELITY MSCI UTILS INDEX 316092865 11,021 287,750 SH   SOLE NONE 0 0 287,750
INVESCO QQQ TR UNIT SER 1 46090E103 11,410 63,510 SH   SOLE NONE 0 0 63,510
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 1,650 15,800 SH   SOLE NONE 0 0 15,800
INVESCO EXCHANGE TRADED FD T DWA MOMENTUM 46137V837 337 5,950 SH   SOLE NONE 0 0 5,950
INVESCO EXCHNG TRADED FD TR S&P MIDCP LOW 46138E198 8,916 179,500 SH   SOLE NONE 0 0 179,500
INVESCO EXCHNG TRADED FD TR S&P500 LOW VOL 46138E354 12,136 230,550 SH   SOLE NONE 0 0 230,550
INVESCO EXCHNG TRADED FD TR S&P SMLCP LOW 46138G102 5,860 124,850 SH   SOLE NONE 0 0 124,850
ISHARES GOLD TRUST ISHARES 464285105 2,699 218,000 SH   SOLE NONE 0 0 218,000
ISHARES INC MIN VOL EMRG MKT 464286533 1,663 28,050 SH   SOLE NONE 0 0 28,050
ISHARES TR TIPS BD ETF 464287176 24,683 218,300 SH   SOLE NONE 0 0 218,300
ISHARES TR CORE US AGGBD ET 464287226 2,758 25,290 SH   SOLE NONE 0 0 25,290
ISHARES TR MSCI EMG MKT ETF 464287234 6,378 148,600 SH   SOLE NONE 0 0 148,600
ISHARES TR IBOXX INV CP ETF 464287242 12,879 108,170 SH   SOLE NONE 0 0 108,170
ISHARES TR S&P 500 VAL ETF 464287408 254 2,250 SH   SOLE NONE 0 0 2,250
ISHARES TR NASDAQ BIOTECH 464287556 17,139 153,300 SH   SOLE NONE 0 0 153,300
ISHARES TR RUS 1000 VAL ETF 464287598 9,453 76,550 SH   SOLE NONE 0 0 76,550
ISHARES TR RUS 2000 VAL ETF 464287630 402 3,350 SH   SOLE NONE 0 0 3,350
ISHARES TR RUSSELL 2000 ETF 464287655 17,086 111,610 SH   SOLE NONE 0 0 111,610
ISHARES TR U.S. REAL ES ETF 464287739 21,332 245,080 SH   SOLE NONE 0 0 245,080
ISHARES TR U.S. ENERGY ETF 464287796 14,322 397,500 SH   SOLE NONE 0 0 397,500
ISHARES TR CORE S&P SCP ETF 464287804 3,457 44,810 SH   SOLE NONE 0 0 44,810
ISHARES TR NATIONAL MUN ETF 464288414 27,034 243,130 SH   SOLE NONE 0 0 243,130
ISHARES TR MBS ETF 464288588 12,404 116,620 SH   SOLE NONE 0 0 116,620
ISHARES TR 3 7 YR TREAS BD 464288661 8,408 68,250 SH   SOLE NONE 0 0 68,250
ISHARES TR US TREAS BD ETF 46429B267 7,236 286,700 SH   SOLE NONE 0 0 286,700
ISHARES TR A RATE CP BD ETF 46429B291 13,042 250,020 SH   SOLE NONE 0 0 250,020
ISHARES TR MIN VOL EAFE ETF 46429B689 14,561 202,240 SH   SOLE NONE 0 0 202,240
ISHARES TR MIN VOL USA ETF 46429B697 3,690 62,750 SH   SOLE NONE 0 0 62,750
ISHARES INC CORE MSCI EMKT 46434G103 2,578 49,850 SH   SOLE NONE 0 0 49,850
ISHARES TR MULTIFACTOR INTL 46434V274 2,757 104,700 SH   SOLE NONE 0 0 104,700
PROSHARES TR INVT INT RT HG 74347B607 1,186 16,000 SH   SOLE NONE 0 0 16,000
PROSHARES TR S&P 500 DV ARIST 74348A467 10,648 157,100 SH   SOLE NONE 0 0 157,100
SPDR S&P 500 ETF TR TR UNIT 78462F103 38,454 136,130 SH   SOLE NONE 0 0 136,130
SPDR SERIES TRUST NUV HGHYLD MUN 78464A284 227 3,950 SH   SOLE NONE 0 0 3,950
SSGA ACTIVE ETF TR SPDR TR TACTIC 78467V848 2,386 49,350 SH   SOLE NONE 0 0 49,350
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 19,938 57,725 SH   SOLE NONE 0 0 57,725
SPDR SER TR NUVEEN BLMBRG SR 78468R739 418 8,630 SH   SOLE NONE 0 0 8,630
SCHWAB STRATEGIC TR INTL SCEQT ETF 808524888 335 10,390 SH   SOLE NONE 0 0 10,390
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 6,473 70,550 SH   SOLE NONE 0 0 70,550
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 11,118 198,150 SH   SOLE NONE 0 0 198,150
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 6,714 58,970 SH   SOLE NONE 0 0 58,970
SELECT SECTOR SPDR TR ENERGY 81369Y506 2,899 43,850 SH   SOLE NONE 0 0 43,850
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 6,984 94,380 SH   SOLE NONE 0 0 94,380
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 11,382 195,670 SH   SOLE NONE 0 0 195,670
VANECK VECTORS ETF TR SHORT HIGH YIELD 92189F387 18,003 728,850 SH   SOLE NONE 0 0 728,850
VANGUARD GROUP DIV APP ETF 921908844 208 1,900 SH   SOLE NONE 0 0 1,900
VANGUARD STAR FD VG TL INTL STK F 921909768 571 11,000 SH   SOLE NONE 0 0 11,000
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 8,604 108,100 SH   SOLE NONE 0 0 108,100
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 47,765 588,385 SH   SOLE NONE 0 0 588,385
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 6,627 162,150 SH   SOLE NONE 0 0 162,150
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 11,586 135,250 SH   SOLE NONE 0 0 135,250
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 16,652 298,590 SH   SOLE NONE 0 0 298,590
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 9,292 218,625 SH   SOLE NONE 0 0 218,625
VANGUARD WORLD FDS COMM SRVC ETF 92204A884 10,746 128,660 SH   SOLE NONE 0 0 128,660
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 16,518 207,100 SH   SOLE NONE 0 0 207,100
VANGUARD SCOTTSDALE FDS INTER TERM TREAS 92206C706 1,512 23,450 SH   SOLE NONE 0 0 23,450
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,202 22,950 SH   SOLE NONE 0 0 22,950
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 1,216 14,000 SH   SOLE NONE 0 0 14,000
VANGUARD MUN BD FD INC TAX EXEMPT BD 922907746 1,202 23,050 SH   SOLE NONE 0 0 23,050
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 415 1,600 SH   SOLE NONE 0 0 1,600
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 7,220 83,080 SH   SOLE NONE 0 0 83,080
VANGUARD INDEX FDS MID CAP ETF 922908629 3,157 19,640 SH   SOLE NONE 0 0 19,640
VANGUARD INDEX FDS SMALL CP ETF 922908751 3,148 20,600 SH   SOLE NONE 0 0 20,600
VANGUARD INDEX FDS TOTAL STK MKT 922908769 21,180 146,360 SH   SOLE NONE 0 0 146,360