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
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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
ALLSPRING INCOME OPPORTUNIT INC OPPTY FD 94987B105   1,039,538 156,557 SH   SOLE   156,557 0 0
BLACKROCK INCOME TR INC COM NEW 09247F209   1,247,418 104,825 SH   SOLE   104,825 0 0
BLACKROCK MUNI INCOME TR II COM 09249N101   2,401,396 221,123 SH   SOLE   221,123 0 0
BLACKROCK MUNIHLDNGS CALI QL COM 09254L107   306,397 27,829 SH   SOLE   27,829 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105   522,680 74,034 SH   SOLE   74,034 0 0
BLACKROCK MUNIYIELD FD INC COM 09253W104   638,173 57,701 SH   SOLE   57,701 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254E103   315,743 27,552 SH   SOLE   27,552 0 0
DOUBLELINE ETF TRUST COMMERCIAL REAL 25861R303   783,230 15,282 SH   SOLE   15,282 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100   542,836 57,443 SH   SOLE   57,443 0 0
FIRST TR HIGH YIELD OPPRT 20 COM 33741Q107   469,569 32,295 SH   SOLE   32,295 0 0
FIRST TR INTER DURATN PFD & COM 33718W103   2,782,008 155,246 SH   SOLE   155,246 0 0
FRANKLIN LTD DURATION INCOME COM 35472T101   793,036 126,481 SH   SOLE   126,481 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107   1,400,089 143,894 SH   SOLE   143,894 0 0
INVESCO MUNICIPAL TRUST COM 46131J103   2,101,117 216,610 SH   SOLE   216,610 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   1,715,655 3,864 SH   SOLE   3,864 0 0
INVESCO QUALITY MUN INCOME T COM 46133G107   2,350,730 242,844 SH   SOLE   242,844 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108   1,239,348 103,279 SH   SOLE   103,279 0 0
ISHARES TR IBOXX HI YD ETF 464288513   750,250 9,652 SH   SOLE   9,652 0 0
ISHARES TR IBOXX INV CP ETF 464287242   472,604 4,339 SH   SOLE   4,339 0 0
ISHARES TR MBS ETF 464288588   957,286 10,358 SH   SOLE   10,358 0 0
ISHARES TR PFD AND INCM SEC 464288687   475,457 14,752 SH   SOLE   14,752 0 0
MORGAN STANLEY EMERGING MKTS COM 617477104   2,031,279 427,638 SH   SOLE   427,638 0 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106   4,149,104 341,490 SH   SOLE   341,490 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105   2,068,684 186,873 SH   SOLE   186,873 0 0
NUVEEN CA QUALTY MUN INCOME COM 67066Y105   806,300 73,167 SH   SOLE   73,167 0 0
NUVEEN CALIFORNIA AMT QLT MU COM 670651108   788,231 64,875 SH   SOLE   64,875 0 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101   4,196,239 342,830 SH   SOLE   342,830 0 0
NUVEEN PFD & INCOME OPPORTUN COM 67073B106   2,084,230 289,879 SH   SOLE   289,879 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101   4,143,661 361,576 SH   SOLE   361,576 0 0
NUVEEN VRIABL RAT PFD & INM COM 67080R102   724,710 40,464 SH   SOLE   40,464 0 0
PGIM GLOBAL HIGH YIELD FD FO COM 69346J106   1,386,331 115,914 SH   SOLE   115,914 0 0
PGIM HIGH YIELD BOND FUND IN COM 69346H100   461,509 35,528 SH   SOLE   35,528 0 0
PGIM SHORT DUR HIG YLD OPP F COM 69355J104   809,711 52,647 SH   SOLE   52,647 0 0
PIMCO DYNAMIC INCOME STRATEG COM SHS BEN INT 69346N107   1,618,259 76,297 SH   SOLE   76,297 0 0
SPDR SER TR BLOOMBERG 1-3 MO 78468R663   12,614,330 137,411 SH   SOLE   137,411 0 0
SPDR SER TR S&P BIOTECH 78464A870   398,443 4,199 SH   SOLE   4,199 0 0
TEMPLETON EMERGING MKTS INCO COM 880192109   1,554,761 286,328 SH   SOLE   286,328 0 0
UNITEDHEALTH GROUP INC COM 91324P102   200,624 406 SH   SOLE   406 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751   5,581,253 24,416 SH   SOLE   24,416 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   14,084,029 29,299 SH   SOLE   29,299 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858   4,378,666 104,828 SH   SOLE   104,828 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858   8,510,437 169,632 SH   SOLE   169,632 0 0
WESTERN ASSET EMERGING MKTS COM 95766A101   2,832,865 294,783 SH   SOLE   294,783 0 0
WESTERN ASSET MANAGED MUNS F COM 95766M105   2,942,009 281,532 SH   SOLE   281,532 0 0