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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
VanEck Vectors High-Yield Muni VANECK HIGH-YIELD MUNICIPAL 92189H409 2,114 34,346 SH   SOLE   34,346 0 0
SPDR Nuveen Bloomberg Barclays SPDR NUVEEN BLOOMBERG H/Y M 78464A284 2,118 35,898 SH   SOLE   35,898 0 0
SPDR SER TR BLOOMBERG SRT TR 78468R408 12,876 477,765 SH   SOLE   477,765 0 0
VanEck VANECK FALLEN ANGEL HIGH YLD 92189F437 11,284 351,516 SH   SOLE   351,516 0 0