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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Angel Oak High Yield Opportunies ETF 03463K745   2,020,268 184,331 SH   SOLE   0 0 0
FlexShares High Yield Value-Scored Bond Index Fund 33939L662   26,121,294 635,400 SH   SOLE   0 0 0
Franklin FTSE Japan ETF 35473P744   8,054,147 259,560 SH   SOLE   0 0 0
Invesco QQQ Trust Series 1 46090E103   459,068,599 1,033,915 SH   SOLE   0 0 0
Invesco Senior Loan ETF 46138G508   44,484,795 2,103,300 SH   SOLE   0 0 0
iShares 7-10 Year Treasury Bon 464287440   7,912,535 83,589 SH   SOLE   0 0 0
iShares Broad USD High Yield C 46435U853   188,970,885 5,164,550 SH   SOLE   0 0 0
iShares iBoxx $ High Yield Cor 464288513   7,946,027 102,226 SH   SOLE   0 0 0
Janus Henderson AAA CLO ETF 47103U845   4,191,276 82,603 SH   SOLE   0 0 0
JPMorgan Income ETF 46641Q159   8,576,670 188,250 SH   SOLE   0 0 0
SPDR Blackstone Senior Loan ET 78467V608   40,442,444 960,400 SH   SOLE   0 0 0
SPDR Bloomberg High Yield Bond 78468R622   157,203,760 1,651,300 SH   SOLE   0 0 0
SPDR Bloomberg Short Term High 78468R408   51,668,214 2,048,700 SH   SOLE   0 0 0
SPDR Portfolio High Yield Bond 78468R606   55,281,144 2,356,400 SH   SOLE   0 0 0
SPDR Portfolio S&P 500 ETF 78464A854   8,071,875 131,186 SH   SOLE   0 0 0
SPDR Portfolio S&P 600 Small C 78468R853   8,100,171 188,201 SH   SOLE   0 0 0
VanEck Fallen Angel High Yield 92189F437   55,965,070 1,928,500 SH   SOLE   0 0 0
Vanguard FTSE Europe ETF 922042874   8,108,477 120,411 SH   SOLE   0 0 0
Vanguard Growth ETF 922908736   127,457,260 370,300 SH   SOLE   0 0 0
Vanguard Mega Cap Growth ETF 921910816   132,327,837 461,700 SH   SOLE   0 0 0
Vanguard S&P 500 ETF 922908363   438,480,119 912,170 SH   SOLE   0 0 0
Vanguard Total Stock Market ETF 922908769   120,847,003 464,975 SH   SOLE   0 0 0
Xtrackers USD High Yield Corperate 233051432   38,673,930 1,083,000 SH   SOLE   0 0 0