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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
DIAMOND OFFSHORE DRILLING IN COM 25271C201 4,997 700,863 SH   SOLE   700,863 0 0
iShares Core U.S. Aggregate Bo CORE US AGGBD ET 464287226 18,795 175,490 SH   SOLE   175,490 0 0
iShares iBoxx $ Investment Gra IBOXX INV CP ETF 464287242 14,005 115,805 SH   SOLE   115,805 0 0
iShares 7-10 Year Treasury Bon BARCLAYS 7 10 YR 464287440 2,582 24,025 SH   SOLE   24,025 0 0
iShares iBoxx High Yield Corpo IBOXX HI YD ETF 464288513 12,087 146,879 SH   SOLE   146,879 0 0
iShares MBS ETF MBS ETF 464288588 12,573 123,421 SH   SOLE   123,421 0 0
iShares Floating Rate Bond ETF FLTG RATE NT ETF 46429B655 2,475 49,000 SH   SOLE   49,000 0 0
Nuveen Preferred & Income Oppo COM 67073B106 3,775 440,000 SH   SOLE   440,000 0 0
SPDR ICE Preferred Securities WELLS FG PFD ETF 78464A292 28,536 731,500 SH   SOLE   731,500 0 0
SPDR Bloomberg Investment Grad BLOMBERG BRC INV 78468R200 497 16,300 SH   SOLE   16,300 0 0
SPDR Bloomberg Short Term High BLOOMBERG SRT TR 78468R408 485 18,500 SH   SOLE   18,500 0 0
SPDR Bloomberg High Yield Bond BLOOMBERG BRCLYS 78468R622 1,240 12,100 SH   SOLE   12,100 0 0
SUMMIT MIDSTREAM PARTNERS LP COM UNIT LTD 866142409 184 12,350 SH   SOLE   12,350 0 0
VanEck Fallen Angel High Yield FALLEN ANGEL HG 92189F437 486 16,000 SH   SOLE   16,000 0 0
Vanguard Intermediate-Term Cor INT-TERM CORP 92206C870 8,210 95,415 SH   SOLE   95,415 0 0