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
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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   1,000,366 151,113 SH   SOLE   151,113 0 0
ARM HOLDINGS PLC SPONSORED ADS 042068205   225,632 1,379 SH   SOLE   1,379 0 0
BLACKROCK INCOME TR INC COM NEW 09247F209   1,250,930 104,856 SH   SOLE   104,856 0 0
BLACKROCK MUNI INCOME TR II COM 09249N101   2,320,637 214,675 SH   SOLE   214,675 0 0
BLACKROCK MUNIHLDNGS CALI QL COM 09254L107   309,113 27,848 SH   SOLE   27,848 0 0
BLACKROCK TAX MUNICPAL BD TR SHS 09248X100   773,339 47,299 SH   SOLE   47,299 0 0
DOUBLELINE ETF TRUST COMMERCIAL REAL 25861R303   786,614 15,307 SH   SOLE   15,307 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100   540,995 56,887 SH   SOLE   56,887 0 0
FIRST TR EXCH TRADED FD III EME MRK BD ETF 33739P202   694,981 25,579 SH   SOLE   25,579 0 0
FIRST TR HIGH YIELD OPPRT 20 COM 33741Q107   439,080 30,662 SH   SOLE   30,662 0 0
FIRST TR INTER DURATN PFD & COM 33718W103   2,843,441 154,787 SH   SOLE   154,787 0 0
FRANKLIN LTD DURATION INCOME COM 35472T101   810,045 127,767 SH   SOLE   127,767 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107   1,410,162 139,897 SH   SOLE   139,897 0 0
INVESCO MUNICIPAL TRUST COM 46131J103   2,085,574 209,395 SH   SOLE   209,395 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   7,334,216 15,308 SH   SOLE   15,308 0 0
INVESCO QUALITY MUN INCOME T COM 46133G107   2,341,914 236,080 SH   SOLE   236,080 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108   1,753,687 142,114 SH   SOLE   142,114 0 0
ISHARES TR IBOXX HI YD ETF 464288513   736,687 9,550 SH   SOLE   9,550 0 0
ISHARES TR IBOXX INV CP ETF 464287242   458,902 4,284 SH   SOLE   4,284 0 0
ISHARES TR MBS ETF 464288588   499,814 5,444 SH   SOLE   5,444 0 0
ISHARES TR PFD AND INCM SEC 464288687   459,494 14,564 SH   SOLE   14,564 0 0
MICROSOFT CORP COM 594918104   210,458 471 SH   SOLE   471 0 0
MORGAN STANLEY EMERGING MKTS COM 617477104   1,961,687 430,195 SH   SOLE   430,195 0 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106   4,133,007 331,702 SH   SOLE   331,702 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105   2,116,479 184,684 SH   SOLE   184,684 0 0
NUVEEN CA QUALTY MUN INCOME COM 67066Y105   844,042 73,204 SH   SOLE   73,204 0 0
NUVEEN CALIFORNIA AMT QLT MU COM 670651108   812,062 64,913 SH   SOLE   64,913 0 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101   4,118,466 333,479 SH   SOLE   333,479 0 0
NUVEEN PFD & INCOME OPPORTUN COM 67073B106   2,165,766 289,928 SH   SOLE   289,928 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101   3,782,616 322,199 SH   SOLE   322,199 0 0
NUVEEN VRIABL RAT PFD & INM COM 67080R102   763,121 41,519 SH   SOLE   41,519 0 0
PGIM GLOBAL HIGH YIELD FD FO COM 69346J106   1,377,531 115,954 SH   SOLE   115,954 0 0
PGIM HIGH YIELD BOND FUND IN COM 69346H100   454,701 35,303 SH   SOLE   35,303 0 0
PGIM SHORT DUR HIG YLD OPP F COM 69355J104   810,770 52,888 SH   SOLE   52,888 0 0
PIMCO DYNAMIC INCOME STRATEG COM SHS BEN INT 69346N107   1,700,130 76,307 SH   SOLE   76,307 0 0
SPDR SER TR BLOOMBERG 1-3 MO 78468R663   12,945,661 141,051 SH   SOLE   141,051 0 0
SPDR SER TR S&P BIOTECH 78464A870   424,612 4,580 SH   SOLE   4,580 0 0
TEMPLETON EMERGING MKTS INCO COM 880192109   1,526,645 286,425 SH   SOLE   286,425 0 0
UNITEDHEALTH GROUP INC COM 91324P102   206,529 406 SH   SOLE   406 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751   3,713,439 17,031 SH   SOLE   17,031 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   12,855,342 25,704 SH   SOLE   25,704 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858   3,709,404 84,767 SH   SOLE   84,767 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858   9,137,906 184,903 SH   SOLE   184,903 0 0
WESTERN ASSET EMERGING MKTS COM 95766A101   2,745,079 294,853 SH   SOLE   294,853 0 0
WESTERN ASSET MANAGED MUNS F COM 95766M105   2,914,922 281,635 SH   SOLE   281,635 0 0