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
ISHARES TR CORE SandP TTL STK COM 464287150 80,377 1,105,755 SH   DFND   184,282 0 921,473
JP MORGAN EXCHANGE TRADED FD ULTRA SHRT INC COM 46641Q837 57,111 1,132,489 SH   DFND   203,697 0 928,792
INVESCO EXCHANGE TRADED FD TR SandP500 EQL COM 46137V357 54,815 473,694 SH   DFND   78,687 0 395,007
ISHARES US ETF TR SHT MAT BD ETF COM 46431W507 52,813 1,051,008 SH   DFND   191,428 0 859,580
ISHARES TR MSCI MIN VOL ETF COM 46429B697 49,995 762,133 SH   DFND   122,240 0 639,893
VANGUARD INDEX FDS SandP 500 ETF SHS COM 922908363 49,620 167,749 SH   DFND   27,923 0 139,826
ISHARES TR SH TR CRPORT ETF COM 464288646 26,609 496,163 SH   DFND   79,985 0 416,178
FIRST TR EXCHANGE TRADED FD IV FST LOW OPPT EFT COM 33739Q200 26,402 509,691 SH   DFND   82,197 0 427,494
FIRST TR EXCHANGE TRADED FD IV SENIOR LN FD COM 33738D309 26,128 545,253 SH   DFND   88,457 0 456,796
INVESCO QQQ TR UNIT SER 1 COM 46090E103 24,283 114,214 SH   DFND   17,095 0 97,119
ISHARES INC CORE MSCI EMKT COM 46434G103 21,610 401,989 SH   DFND   66,243 0 335,746
FIRST TR EXCHANGE TRADED FD II TECH ALPHADEX COM 33734X176 16,648 229,409 SH   DFND   58,390 0 171,019
OSI ETF TR OSHARS FTSE US COM 67110P407 16,483 450,113 SH   DFND   75,743 0 374,370
WISDOMTREE TR EUROPE HEDGED EQ COM 97717X701 16,475 233,400 SH   DFND   39,079 0 194,321
SPDR GOLD TRUST GOLD SHS COM 78463V107 16,140 112,949 SH   DFND   17,984 0 94,965
SPDR SERIES TRUST BLOMBERG BRC INV COM 78468R200 15,675 510,095 SH   DFND   81,195 0 428,900
FIRST TR EXCHANGE TRADED FD II HLTH CARE ALPH COM 33734X143 9,701 115,216 SH   DFND   29,208 0 86,008
INVESCO ACTIVELY MANAGD ETF TR ULTRA SHRT DUR COM 46090A887 8,414 167,024 SH   DFND   41,320 0 125,704
VANGUARD WORLD FDS COMM SRVC ETF COM 92204A884 7,731 82,315 SH   DFND   21,161 0 61,154
SELECT SECTOR SPDR TR SBI CONS STPLS COM 81369Y308 5,872 93,242 SH   DFND   22,934 0 70,308
SELECT SECTOR SPDR TR RL EST SEL SEC COM 81369Y860 3,634 93,981 SH   DFND   22,615 0 71,366
SELECT SECTOR SPDR TR ENERGY COM 81369Y506 2,380 39,642 SH   DFND   9,210 0 30,432
ISHARES TR LNG TR CRPRT BD COM 464289511 639 9,596 SH   DFND   0 0 9,596
ISHARES TR 20 YR TR BD ETF COM 464287432 532 3,932 SH   DFND   0 0 3,932
SPDR SandP 500 ETF TR TR UNIT COM 78462F103 499 1,551 SH   DFND   0 0 1,551
AMA Fund Ltd COM 99VVBJY83 472 11,071 SH   DFND   0 0 11,071
ISHARES TR INTRM TR CRP ETF COM 464288638 149 2,584 SH   DFND   0 0 2,584
PIMCO ETF TR 0-5 HIGH YIELD COM 72201R783 94 947 SH   DFND   0 0 947
ISHARES TR FLTG RATE NT ETF COM 46429B655 93 1,842 SH   DFND   0 0 1,842
VANECK VECTORS ETF TRUST FALLEN ANGEL HG COM 92189F437 78 2,629 SH   DFND   0 0 2,629
SSGA ACTIVE ETF TR BLKSTN GSOSRLN COM 78467V608 75 1,620 SH   DFND   0 0 1,620
ISHARES INC MSCI TURKEY ETF COM 464286715 72 2,678 SH   DFND   0 0 2,678
ISHARES INC MSCI MEXICO ETF COM 464286822 71 1,593 SH   DFND   0 0 1,593
ISHARES INC MSCI BRAZIL ETF COM 464286400 71 1,508 SH   DFND   0 0 1,508
ISHARES INC MSCI RUSSIA ETF COM 46434G798 71 1,671 SH   DFND   0 0 1,671
ISHARES TR MSCI CHINA ETF COM 46429B671 71 1,108 SH   DFND   0 0 1,108
ISHARES INC MSCI TAIWAN ETF COM 46434G772 70 1,715 SH   DFND   0 0 1,715
FS ENERGY and PWR FD COM SH BEN INT COM 30264D109 65 9,090 SH   DFND   0 0 9,090
ISHARES TR CORE TOTAL USD COM 46434V613 56 1,089 SH   DFND   0 0 1,089
ISHARES TR MSCI POLAND ETF COM 46429B606 52 2,496 SH   DFND   0 0 2,496
ISHARES INC MSCI CHILE ETF COM 464286640 52 1,562 SH   DFND   0 0 1,562
ISHARES INC MSCI THAILND ETF COM 464286624 51 588 SH   DFND   0 0 588
ISHARES INC MSCI MLY ETF NEW COM 46434G814 51 1,792 SH   DFND   0 0 1,792
MORGAN STANLEY COM NEW COM 617446448 37 730 SH   DFND   0 0 730
ISHARES TR MSCI INDIA ETF COM 46429B598 19 566 SH   DFND   0 0 566
VIASAT INC COM COM 92552V100 7 100 SH   DFND   0 0 100
ORACLE CORP COM COM 68389X105 5 111 SH   DFND   0 0 111