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
iShares Core U.S. Aggregate Bo CORE US AGGBD ET 464287226 20,020 175,490 SH   SOLE   175,490 0 0
iShares iBoxx $ Investment Gra IBOXX INV CP ETF 464287242 15,346 115,805 SH   SOLE   115,805 0 0
iShares 7-10 Year Treasury Bon BARCLAYS 7 10 YR 464287440 2,763 24,025 SH   SOLE   24,025 0 0
iShares iBoxx High Yield Corpo IBOXX HI YD ETF 464288513 12,780 146,879 SH   SOLE   146,879 0 0
iShares MBS ETF MBS ETF 464288588 13,259 123,421 SH   SOLE   123,421 0 0
iShares Floating Rate Bond ETF FLTG RATE NT ETF 46429B655 2,486 49,000 SH   SOLE   49,000 0 0
Nuveen Preferred & Income Oppo COM 67073B106 4,294 440,000 SH   SOLE   440,000 0 0
SPDR ICE Preferred Securities WELLS FG PFD ETF 78464A292 31,389 731,500 SH   SOLE   731,500 0 0
SPDR Bloomberg Investment Grad BLOMBERG BRC INV 78468R200 499 16,300 SH   SOLE   16,300 0 0
SPDR Bloomberg Short Term High BLOOMBERG SRT TR 78468R408 502 18,500 SH   SOLE   18,500 0 0
SPDR Bloomberg High Yield Bond BLOOMBERG BRCLYS 78468R622 1,314 12,100 SH   SOLE   12,100 0 0
VanEck Fallen Angel High Yield FALLEN ANGEL HG 92189F437 528 16,000 SH   SOLE   16,000 0 0
Vanguard Intermediate-Term Cor INT-TERM CORP 92206C870 8,818 95,059 SH   SOLE   95,059 0 0