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
Energy Select Sector SPDR Fund COM 81369Y506 16,434 218,189 SH   DFND   21,221 0 196,967
Financial Select Sector SPDR F COM 81369Y605 18,836 810,169 SH   DFND   47,504 0 762,665
First Trust Consumer Discretio COM 33734X101 12,607 355,127 SH   DFND   20,075 0 335,052
First Trust Consumer Staples A COM 33734X119 8,048 175,903 SH   DFND   10,075 0 165,828
First Trust Energy AlphaDEX Fu COM 33734X127 2,174 131,663 SH   DFND   8,224 0 123,439
First Trust Industrials/Produc COM 33734X150 5,798 176,333 SH   DFND   9,819 0 166,514
First Trust Large Cap Core Alp COM 33734k109 54,456 1,116,587 SH   DFND   107,614 0 1,008,973
First Trust Materials AlphaDEX COM 33734X168 2,249 62,771 SH   DFND   4,023 0 58,748
First Trust Mid Cap Core Alpha COM 33735B108 7,234 128,294 SH   DFND   7,471 0 120,823
First Trust Small Cap Core Alp COM 33734Y109 7,180 133,367 SH   DFND   7,710 0 125,657
First Trust Technology AlphaDE COM 33734X176 13,626 359,521 SH   DFND   20,958 0 338,563
First Trust Utilities AlphaDEX COM 33734X184 2,905 108,673 SH   DFND   6,047 0 102,626
Guggenheim Enhanced Short Dura COM 18383M654 14,302 285,361 SH   DFND   35,619 0 249,742
ISHARES MSCI EMERGING MARKETS COM 464287234 11,487 328,113 SH   DFND   34,447 0 293,666
JPMorgan Diversified Return In COM 46641Q209 18,746 383,050 SH   DFND   39,851 0 343,199
O'Shares FTSE US Quality Divid COM 351680855 11,917 433,678 SH   DFND   45,621 0 388,057
PIMCO 0-5 Year High Yield Corp COM 72201R783 812 8,136 SH   DFND   3,610 0 4,526
Powershares QQQ Trust Series 1 COM 73935A104 19,447 164,140 SH   DFND   17,233 0 146,907
Real Estate Select Sector SPDR COM 81369Y860 7,255 235,932 SH   DFND   13,409 0 222,523
SPDR Barclays Short Term High COM 78468R408 27,335 987,523 SH   DFND   104,235 0 883,288
SPDR Blackstone / GSO Senior L COM 78467V608 14,947 314,743 SH   DFND   34,776 0 279,967
SPDR Health Care Select Sector COM 81369Y209 11,457 166,187 SH   DFND   9,641 0 156,546
SPDR S&P MidCap 400 ETF Trust COM 78467y107 7,255 24,044 SH   DFND   1,392 0 22,652
SPDR S&P500 ETF Trust COM 78462F103 4,385 19,618 SH   DFND   3,896 0 15,722
iShares Core High Dividend ETF COM 46429B663 438 5,329 SH   DFND   2,404 0 2,925
iShares Core S&P 500 ETF COM 464287200 59,754 265,586 SH   DFND   25,414 0 240,173
iShares Core S&P Total US Stoc COM 464287150 49,710 969,195 SH   DFND   102,587 0 866,608
iShares Edge MSCI Min Vol USA COM 46429b697 47,569 1,051,938 SH   DFND   110,659 0 941,279
iShares Intermediate Credit Bo COM 464288638 807 7,455 SH   DFND   2,674 0 4,781
iShares Russell 2000 ETF COM 464287655 7,347 54,484 SH   DFND   3,166 0 51,318
iShares Short Maturity Bond ET COM 46431W507 465 9,257 SH   DFND   4,183 0 5,074