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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
Invesco Senior Loan ETF SR LN ETF 46138G508   14,035,540 683,660 SH   SOLE   683,660 0 0
IShares Broad USD High Yield Corporate Bond ETF BROAD USD HIGH 46435U853   5,604,737 162,315 SH   SOLE   162,315 0 0
iShares JPMorgan USD Emerging Markets Bond ETF JPMORGAN USD EMG 464288281   3,197,502 37,800 SH   SOLE   37,800 0 0
ISHARES NATIONAL MUNI BOND ETF NATIONAL MUN ETF 464288414   9,412,384 89,200 SH   SOLE   89,200 0 0
iShares TIPS Bond ETF TIPS BD ETF 464287176   12,775,142 120,022 SH   SOLE   120,022 0 0
Spdr Bloomberg Barclays Convertible BBG CONV SEC ETF 78464A359   1,009,688 15,693 SH   SOLE   15,693 0 0
SPDR BLOOMBERG BARCLAYS SHORT TERM HIGH YIELD BOND BLOOMBERG SHT TE 78468R408   8,411,280 347,000 SH   SOLE   347,000 0 0
Vaneck Vectors Emerging Market High Yield Bond ETF EMERGING MRKT HI 92189F353   5,271,413 289,479 SH   SOLE   289,479 0 0
Vanguard Emerging Markets Government Bond Fund ETF EM MK GOV BD ETF 921946885   4,632,834 75,973 SH   SOLE   75,973 0 0
Vanguard Mortgage-Backed Securities ETF MTG-BKD SECS ETF 92206C771   6,821,400 149,855 SH   SOLE   149,855 0 0
VANGUARD REAL ESTATE ETF REAL ESTATE ETF 922908553   831,976 10,087 SH   SOLE   10,087 0 0
Vanguard Short-Term Inflation-Protected STRM INFPROIDX 922020805   12,392,163 265,300 SH   SOLE   265,300 0 0