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
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 839 177,740 SH   OTR   0 177,740 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 4 753 SH   SOLE   4 0 0
ISHARES TR IBOXX HI YD ETF 464288513 70,825 812,399 SH   OTR   0 812,399 0
SPDR SERIES TRUST BLOOMBERG BRCLYS 78468R622 313 2,871 SH   OTR   0 2,871 0
VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 1,316 20,630 SH   OTR   0 20,630 0