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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
ALPS ETF TR ALERIAN MLP 00162Q452   1,466,418 38,519 SH   DFND   0 0 38,519
FIRST TR EXCHANGE TRADED FD TECH ALPHADEX 33734X176   2,737,711 29,904 SH   DFND   0 0 29,904
INVESCO EXCH TRD SLF IDX FD BULSHS 2024 CB 46138J841   23,659,261 1,154,950 SH   DFND   0 0 1,154,950
INVESCO EXCHANGE TRADED FD T S&P500 EQL TEC 46137V282   3,443,512 14,172 SH   DFND   0 0 14,172
ISHARES TR SHORT TREAS BD 464288679   17,316,467 157,537 SH   DFND   0 0 157,537
ISHARES TR FLTG RATE NT ETF 46429B655   35,471,863 704,786 SH   DFND   0 0 704,786
ISHARES TR CORE HIGH DV ETF 46429B663   532,979 5,113 SH   DFND   0 0 5,113
ISHARES TR ISHS 1-5YR INVS 464288646   2,766,404 55,528 SH   DFND   0 0 55,528
ISHARES U S ETF TR BLACKROCK ST MAT 46431W507   5,537,800 112,397 SH   DFND   0 0 112,397
ISHARES U S ETF TR INT RT HDG C B 46431W705   13,441,566 148,542 SH   DFND   0 0 148,542
JANUS DETROIT STR TR HENDRSON AAA CL 47103U845   32,198,010 653,634 SH   DFND   0 0 653,634
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852   1,961,255 40,868 SH   DFND   0 0 40,868
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209   3,615,919 26,617 SH   DFND   0 0 26,617
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308   1,852,865 24,854 SH   DFND   0 0 24,854
SELECT SECTOR SPDR TR ENERGY 81369Y506   1,193,878 13,649 SH   DFND   0 0 13,649
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100   562,713 7,244 SH   DFND   0 0 7,244
SPDR SER TR PORTFOLIO SHORT 78464A474   34,892,397 1,187,624 SH   DFND   0 0 1,187,624
SPDR SER TR PORTFOLI S&P1500 78464A805   13,000,976 274,920 SH   DFND   0 0 274,920
SPDR SER TR BLOOMBERG INVT 78468R200   45,892,114 1,510,106 SH   DFND   0 0 1,510,106
SPDR SER TR BLOOMBERG 1-3 MO 78468R663   44,981,762 491,765 SH   DFND   0 0 491,765
SPDR SER TR PORTFOLIO S&P500 78464A854   28,240,045 627,836 SH   DFND   0 0 627,836
VICTORY PORTFOLIOS II VCTRYSHS USAA CR 92647N535   12,371,146 254,341 SH   DFND   0 0 254,341