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 7-10YR TR BD ETF BOND ETF 464287440 6,156 53,303 SH   DFND 1 53,303 0 0
ISHARES TR CORE S&P500 ETF CORE S&P500 ETF 464287200 3,388 7,880 SH   DFND 1 7,880 0 0
ISHARES TR RUSSELL 2000 ETF RUSSELL 464287655 2,945 12,841 SH   DFND 1 12,841 0 0
PROSHARES TR PSHS ULT S&P 500 SP500 ETF 74347R107 1,388 11,633 SH   DFND 1 11,633 0 0
PROSHARES TR PSHS ULTRUSS2000 RUSS2000 74347R842 1,266 21,147 SH   DFND 1 21,147 0 0
Vanguard Long-Term Treasury ETF COM 92206C847 2,827 32,239 SH   DFND 1 32,239 0 0
PROSHARES TR MSCI EMRG ETF MSCI EMRG ETF 74347X302 336 3,120 SH   DFND 1 3,120 0 0
PROSHARES TR ULTR MSCI ETF COM 74347X500 861 16,669 SH   DFND 1 16,669 0 0
ISHARES INC MSCI PAC JP ETF COM 464286665 590 11,403 SH   DFND 1 11,403 0 0
ISHARES INC MSCI AUST ETF MSCI AUST ETF 464286103 851 32,747 SH   DFND 1 32,747 0 0
ISHARES INC MSCI CDA ETF COM 464286509 593 15,911 SH   DFND 1 15,911 0 0
ISHARES INC MSCI GERMANY ETF COM 464286806 858 24,794 SH   DFND 1 24,794 0 0
ISHARES INC MSCI SWITZERLAND COM 464286749 589 12,110 SH   DFND 1 12,110 0 0
ISHARES INC MSCI FRANCE ETF MSCI FRANCE ETF 464286707 426 11,242 SH   DFND 1 11,242 0 0
ISHARES TR MSCI UK ETF NEW COM 46435G334 1,024 31,301 SH   DFND 1 31,301 0 0
ISHARES INC MSCI EURZONE ETF MSCI ETF 464286608 1,178 23,870 SH   DFND 1 23,870 0 0
PACER FDS TR TRENDP US LAR CP ETF 69374H105 4,277 113,762 SH   DFND 1 113,762 0 0
SELECT SECTOR SPDR TR SBI MATERIALS COM 81369Y100 528 6,416 SH   DFND 1 6,416 0 0
SELECT SECTOR SPDR TR ENERGY SPDR TR ENERGY 81369Y506 529 9,825 SH   DFND 1 9,825 0 0
SELECT SECTOR SPDR TR SBI INT-FINL COM 81369Y605 541 14,751 SH   DFND 1 14,751 0 0
SELECT SECTOR SPDR TR SBI INT-INDS COM 81369Y704 533 5,209 SH   DFND 1 5,209 0 0
SELECT SECTOR SPDR TR TECHNOLOGY COM 81369Y803 539 3,649 SH   DFND 1 3,649 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS COM 81369Y308 527 7,538 SH   DFND 1 7,538 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS COM 81369Y886 506 7,996 SH   DFND 1 7,996 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE COM 81369Y209 529 4,197 SH   DFND 1 4,197 0 0
CROWDSTRIKE HLDGS INC CL A COM 22788C105 695 2,766 SH   DFND 1 2,766 0 0
CROCS INC COM COM 227046109 233 2,000 SH   DFND 1 2,000 0 0
SPDR GOLD TRUST GOLD SHARES COM 78463V107 559 3,378 SH   SOLE   3,378 0 0
ISHARES TR US BAS MTL ETF BAS MTL ETF 464287838 578 4,433 SH   SOLE   4,433 0 0
VANGUARD INDEX FDS REIT ETF REIT ETF 922908553 581 5,704 SH   SOLE   5,704 0 0
ISHARES TR CORE US AGGBD ET CORE US AGGBD ET 464287226 3,153 27,341 SH   SOLE   27,341 0 0
SPDR SERIES TRUST SPDR BLOOMBERG COM 78468R663 945 10,331 SH   SOLE   10,331 0 0
DBX ETF TR XTRACK MSCI EAFE MSCI ETF EAFE 233051200 1,035 27,579 SH   SOLE   27,579 0 0
ISHARES TR MSCI EAFE ETF MSCI EAFE ETF 464287465 1,112 14,094 SH   SOLE   14,094 0 0
ISHARES TR IBOXX HI YD ETF IBOXX ETF 464288513 248 2,822 SH   SOLE   2,822 0 0
ISHARES TR CORE S&P TTL STK CORE S&P TTL STK 464287150 3,047 30,855 SH   SOLE   30,855 0 0
ISHARES TR MBS ETF MBS ETF 464288588 1,480 13,674 SH   SOLE   13,674 0 0
ISHARES TR TIPS BD ETF TIPS BD ETF 464287176 252 1,965 SH   SOLE   1,965 0 0
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF COM 78464A391 234 8,855 SH   SOLE   8,855 0 0
SPDR INDEX SHS FDS S&P INTL SMLCP SP ETF 78463X871 222 5,736 SH   SOLE   5,736 0 0
SPDR SERIES TRUST BRCLYS AGG ETF COM 78464A649 2,656 88,508 SH   SOLE   88,508 0 0
SPDR RUSSELL 1000 COM 78464A854 2,541 50,480 SH   SOLE   50,480 0 0
SPDR SERIES TRUST BARC SHT TR CP TREAS ETF 78464A474 373 11,904 SH   SOLE   11,904 0 0
SPDR DEVELOPED WORLD ETF COM 78463X889 1,221 33,184 SH   SOLE   33,184 0 0
SPDR S&P EMERGING MARKETS ETF COM 78463X509 574 12,626 SH   SOLE   12,626 0 0
SPDR TIPS ETF TIPS ETF 78464A656 483 15,513 SH   SOLE   15,513 0 0
SPDR S&P 400 MID CAP ETF MID CAP ETF 78464A847 265 5,616 SH   SOLE   5,616 0 0
SPDR SERIES TRUST PORTFOLIO S&P600 COM 78468R853 280 6,361 SH   SOLE   6,361 0 0
SPDR BLACKSTONE/GSO ETF SENIOR LOAN SNRL ETF 78467V608 243 5,243 SH   SOLE   5,243 0 0
SPDR BofA ML Crossover Corp Bd ETF CORP ETF 78468R606 240 8,923 SH   SOLE   8,923 0 0
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF COM 922042858 358 6,587 SH   SOLE   6,587 0 0
VANECK VECTORS ETF TRUST FALLEN ANGEL HG COM 92189F437 200 6,083 SH   SOLE   6,083 0 0
INNOVATOR ETFS TR S&P 500 BUFFER E COM 45782C557 279 8,412 SH   SOLE   8,412 0 0