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
ALPS ETF TR ALERIAN MLP 00162Q452 1,504 43,653 SH   DFND   0 0 43,653
FIRST TR EXCHANGE TRADED FD TECH ALPHADEX 33734X176 3,997 42,471 SH   DFND   0 0 42,471
FIRST TR EXCHANGE-TRADED FD SENIOR LN FD 33738D309 15,668 355,286 SH   DFND   0 0 355,286
INVESCO EXCH TRD SLF IDX FD BULSHS 2024 CB 46138J841 27,595 1,330,534 SH   DFND   0 0 1,330,534
INVESCO EXCHANGE TRADED FD T S&P500 EQL TEC 46137V282 5,259 22,254 SH   DFND   0 0 22,254
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 11,916 88,770 SH   DFND   0 0 88,770
ISHARES INC MSCI EQUAL WEITE 464286681 8,189 115,931 SH   DFND   0 0 115,931
ISHARES INC MSCI EMRG CHN 46434G764 13,956 292,204 SH   DFND   0 0 292,204
ISHARES TR SELECT DIVID ETF 464287168 4,847 41,194 SH   DFND   0 0 41,194
ISHARES TR ISHS 1-5YR INVS 464288646 4,103 81,162 SH   DFND   0 0 81,162
ISHARES TR FLTG RATE NT ETF 46429B655 3,826 76,642 SH   DFND   0 0 76,642
ISHARES TR SHORT TREAS BD 464288679 19,477 176,899 SH   DFND   0 0 176,899
ISHARES U S ETF TR INT RT HDG C B 46431W705 15,473 171,422 SH   DFND   0 0 171,422
ISHARES U S ETF TR BLACKROCK ST MAT 46431W507 4,905 99,581 SH   DFND   0 0 99,581
JANUS DETROIT STR TR HENDRSON AAA CL 47103U845 16,279 331,944 SH   DFND   0 0 331,944
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 1,896 46,396 SH   DFND   0 0 46,396
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 1,725 23,439 SH   DFND   0 0 23,439
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,839 14,463 SH   DFND   0 0 14,463
SELECT SECTOR SPDR TR ENERGY 81369Y506 2,373 33,190 SH   DFND   0 0 33,190
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 8,215 64,063 SH   DFND   0 0 64,063
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 4,414 61,148 SH   DFND   0 0 61,148
SPDR GOLD TR GOLD SHS 78463V107 1,706 10,130 SH   DFND   0 0 10,130
SPDR SER TR BLOOMBERG INVT 78468R200 34,110 1,132,849 SH   DFND   0 0 1,132,849
SPDR SER TR PORTFOLIO SHORT 78464A474 39,386 1,324,800 SH   DFND   0 0 1,324,800
SPDR SER TR PORTFOLI S&P1500 78464A805 32,145 691,589 SH   DFND   0 0 691,589
SPDR SER TR PORTFOLIO S&P500 78464A854 32,168 725,481 SH   DFND   0 0 725,481
SSGA ACTIVE ETF TR BLACKSTONE SENR 78467V608 26,996 648,318 SH   DFND   0 0 648,318
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 14,514 159,303 SH   DFND   0 0 159,303
VICTORY PORTFOLIOS II VICTORYSHS SHORT 92647N535 14,860 303,434 SH   DFND   0 0 303,434