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 1,475 40,331 SH   DFND   0 0 40,331
FIRST TR EXCHANGE TRADED FD TECH ALPHADEX 33734X176 2,537 29,264 SH   DFND   0 0 29,264
INVESCO EXCH TRD SLF IDX FD BULSHS 2024 CB 46138J841 26,220 1,285,938 SH   DFND   0 0 1,285,938
INVESCO EXCHANGE TRADED FD T S&P500 EQL TEC 46137V282 3,274 14,460 SH   DFND   0 0 14,460
ISHARES TR ISHS 1-5YR INVS 464288646 2,679 54,363 SH   DFND   0 0 54,363
ISHARES TR SELECT DIVID ETF 464287168 1,531 14,276 SH   DFND   0 0 14,276
ISHARES TR SHORT TREAS BD 464288679 18,193 165,393 SH   DFND   0 0 165,393
ISHARES TR FLTG RATE NT ETF 46429B655 9,868 196,296 SH   DFND   0 0 196,296
ISHARES U S ETF TR BLACKROCK ST MAT 46431W507 6,123 124,290 SH   DFND   0 0 124,290
ISHARES U S ETF TR INT RT HDG C B 46431W705 43,723 492,710 SH   DFND   0 0 492,710
JANUS DETROIT STR TR HENDRSON AAA CL 47103U845 35,399 720,967 SH   DFND   0 0 720,967
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,425 28,276 SH   DFND   0 0 28,276
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 1,728 25,894 SH   DFND   0 0 25,894
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 540 7,943 SH   DFND   0 0 7,943
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 1,918 40,053 SH   DFND   0 0 40,053
SELECT SECTOR SPDR TR ENERGY 81369Y506 1,029 14,292 SH   DFND   0 0 14,292
SPDR SER TR PORTFOLIO SHORT 78464A474 37,734 1,291,359 SH   DFND   0 0 1,291,359
SPDR SER TR BLOOMBERG 1-3 MO 78468R663 2,823 30,824 SH   DFND   0 0 30,824
SPDR SER TR PORTFOLIO S&P500 78464A854 28,984 690,253 SH   DFND   0 0 690,253
SPDR SER TR BLOOMBERG INVT 78468R200 50,128 1,654,387 SH   DFND   0 0 1,654,387
SPDR SER TR PORTFOLI S&P1500 78464A805 28,950 656,314 SH   DFND   0 0 656,314
SSGA ACTIVE ETF TR BLACKSTONE SENR 78467V608 27,918 683,103 SH   DFND   0 0 683,103
VICTORY PORTFOLIOS II VICTORYSHS SHORT 92647N535 13,574 280,306 SH   DFND   0 0 280,306