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
CINCINNATI BELL INC NEW PFD CV DEP1/20 171871403 119 2,500 SH   SOLE   2,500 0 0
iShares Core U.S. Aggregate Bo CORE US AGGBD ET 464287226 19,720 175,490 SH   SOLE   175,490 0 0
iShares iBoxx $ Investment Gra IBOXX INV CP ETF 464287242 14,818 115,805 SH   SOLE   115,805 0 0
iShares 7-10 Year Treasury Bon BARCLAYS 7 10 YR 464287440 2,648 24,025 SH   SOLE   24,025 0 0
iShares iBoxx High Yield Corpo IBOXX HI YD ETF 464288513 12,917 146,879 SH   SOLE   146,879 0 0
iShares MBS ETF MBS ETF 464288588 13,337 123,421 SH   SOLE   123,421 0 0
iShares Floating Rate Bond ETF FLTG RATE NT ETF 46429B655 2,495 49,000 SH   SOLE   49,000 0 0
Mr Cooper Group Inc COM 62482R107 1 102 SH   SOLE   102 0 0
Nuveen Preferred & Income Oppo COM 67073B106 4,602 440,000 SH   SOLE   440,000 0 0
SPDR Wells Fargo Preferred Sto WELLS FG PFD ETF 78464A292 32,193 731,500 SH   SOLE   731,500 0 0
SPDR Bloomberg Barclays Invest BLOMBERG BRC INV 78468R200 501 16,300 SH   SOLE   16,300 0 0
SPDR Bloomberg Barclays Short BLOOMBERG SRT TR 78468R408 498 18,500 SH   SOLE   18,500 0 0
SPDR Bloomberg Barclays High Y BLOOMBERG BRCLYS 78468R622 1,325 12,100 SH   SOLE   12,100 0 0
Vanguard Intermediate-Term Cor INT-TERM CORP 92206C870 8,203 89,812 SH   SOLE   89,812 0 0