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
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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
ABRDN ASIA PACIFIC INCOME FU COM NEW 003009867   2,506,201 144,035 SH   SOLE   144,035 0 0
AGNC INVT CORP COM 00123Q104   983,847 94,058 SH   SOLE   94,058 0 0
ALLSPRING INCOME OPPORTUNIT INC OPPTY FD 94987B105   1,717,485 240,882 SH   SOLE   240,882 0 0
ALLSPRING MULTI SECTOR INCOM COM 94987D101   1,530,309 159,740 SH   SOLE   159,740 0 0
ANGEL OAK FUNDS TRUST INCOME ETF 03463K760   1,959,460 92,471 SH   SOLE   92,471 0 0
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839   950,214 47,345 SH   SOLE   47,345 0 0
BLACKROCK CR ALLOCATION INCO COM 092508100   1,766,488 156,604 SH   SOLE   156,604 0 0
BLACKROCK MUNI INCOME TR II COM 09249N101   3,443,860 305,849 SH   SOLE   305,849 0 0
BLACKROCK MUNIHLDNGS CALI QL COM 09254L107   321,339 27,894 SH   SOLE   27,894 0 0
BLACKROCK MUNIHOLDINGS FD IN COM 09253N104   539,523 42,650 SH   SOLE   42,650 0 0
BLACKROCK MUNIYIELD FD INC COM 09253W104   1,175,998 102,887 SH   SOLE   102,887 0 0
BROADCOM INC COM 11135F101   280,614 1,627 SH   SOLE   1,627 0 0
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104   1,627,115 118,768 SH   SOLE   118,768 0 0
DOUBLELINE ETF TRUST COMMERCIAL REAL 25861R303   859,385 16,533 SH   SOLE   16,533 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100   547,695 56,756 SH   SOLE   56,756 0 0
FIRST TR INTER DURATN PFD & COM 33718W103   2,159,550 110,576 SH   SOLE   110,576 0 0
FRANKLIN LTD DURATION INCOME COM 35472T101   1,281,332 192,104 SH   SOLE   192,104 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107   2,959,116 288,132 SH   SOLE   288,132 0 0
INVESCO MUNICIPAL TRUST COM 46131J103   2,683,842 261,583 SH   SOLE   261,583 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   7,555,324 15,480 SH   SOLE   15,480 0 0
INVESCO QUALITY MUN INCOME T COM 46133G107   2,977,979 285,247 SH   SOLE   285,247 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108   1,942,974 150,852 SH   SOLE   150,852 0 0
ISHARES TR JPMORGAN USD EMG 464288281   1,103,215 11,789 SH   SOLE   11,789 0 0
ISHARES TR ISHS 5-10YR INVT 464288638   312,704 5,821 SH   SOLE   5,821 0 0
ISHARES TR MBS ETF 464288588   1,239,015 12,932 SH   SOLE   12,932 0 0
MICROSOFT CORP COM 594918104   202,618 471 SH   SOLE   471 0 0
MORGAN STANLEY EMERGING MKTS COM 617477104   3,444,713 683,475 SH   SOLE   683,475 0 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106   3,635,425 271,503 SH   SOLE   271,503 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105   2,774,227 231,765 SH   SOLE   231,765 0 0
NUVEEN CA QUALTY MUN INCOME COM 67066Y105   871,858 73,327 SH   SOLE   73,327 0 0
NUVEEN CALIFORNIA AMT QLT MU COM 670651108   887,495 65,305 SH   SOLE   65,305 0 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101   5,359,197 409,099 SH   SOLE   409,099 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101   4,625,564 373,632 SH   SOLE   373,632 0 0
NUVEEN VRIABL RAT PFD & INM COM 67080R102   3,579,385 188,985 SH   SOLE   188,985 0 0
PGIM GLOBAL HIGH YIELD FD FO COM 69346J106   793,816 62,114 SH   SOLE   62,114 0 0
PGIM SHORT DUR HIG YLD OPP F COM 69355J104   1,891,885 113,151 SH   SOLE   113,151 0 0
PIMCO DYNAMIC INCOME STRATEG COM SHS BEN INT 69346N107   560,311 23,752 SH   SOLE   23,752 0 0
PIMCO ETF TR 25YR+ ZERO U S 72201R882   2,868,546 34,804 SH   SOLE   34,804 0 0
RBB FD INC US TREAS 3 MNTH 74933W452   11,117,587 222,174 SH   SOLE   222,174 0 0
SPDR SER TR BLOOMBERG 1-3 MO 78468R663   2,535,700 27,619 SH   SOLE   27,619 0 0
SPDR SER TR S&P BIOTECH 78464A870   410,415 4,154 SH   SOLE   4,154 0 0
TEMPLETON EMERGING MKTS INCO COM 880192109   2,510,987 430,701 SH   SOLE   430,701 0 0
UNITEDHEALTH GROUP INC COM 91324P102   237,115 406 SH   SOLE   406 0 0
VANECK ETF TRUST EMERGING MRKT HI 92189F353   1,080,703 54,334 SH   SOLE   54,334 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751   3,850,867 16,234 SH   SOLE   16,234 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   13,610,720 25,794 SH   SOLE   25,794 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858   4,277,168 89,387 SH   SOLE   89,387 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858   10,812,848 204,750 SH   SOLE   204,750 0 0
WESTERN ASSET EMERGING MKTS COM 95766A101   3,644,599 358,016 SH   SOLE   358,016 0 0
WESTERN ASSET GBL HIGH INC F COM 95766B109   997,301 143,703 SH   SOLE   143,703 0 0
WESTERN ASSET HIGH INCOM FD COM 95766J102   894,570 198,353 SH   SOLE   198,353 0 0
WESTERN ASSET HIGH INCOME OP COM 95766K109   2,778,178 685,970 SH   SOLE   685,970 0 0
WESTERN ASSET MANAGED MUNS F COM 95766M105   3,547,423 327,253 SH   SOLE   327,253 0 0