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
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD Exchange Traded Fund 92206C409 14,901 179,862 SH   DFND 1 0 0 179,862
SPDR GOLD TR GOLD SHS Exchange Traded Fund 78463V107 14,046 79,306 SH   DFND 1 0 0 79,306
SELECT SECTOR SPDR TR SBI CONS STPLS Exchange Traded Fund 81369Y308 12,997 202,774 SH   DFND 1 0 0 202,774
ISHARES TR CORE DIV GRWTH Exchange Traded Fund 46434V621 11,864 298,170 SH   DFND 1 0 0 298,170
SPDR S&P 500 ETF TR TR UNIT Exchange Traded Fund 78462F103 10,365 30,829 SH   DFND 1 0 0 30,829
ISHARES SILVER TR ISHARES Exchange Traded Fund 46428Q109 9,474 437,823 SH   DFND 1 0 0 437,823
INVESCO EXCH TRADED FD TR II S&P500 LOW VOL Exchange Traded Fund 46138E354 8,453 157,597 SH   DFND 1 0 0 157,597
VANGUARD SCOTTSDALE FDS VNG RUS1000GRW Exchange Traded Fund 92206C680 7,314 32,813 SH   DFND 1 0 0 32,813
VANGUARD SCOTTSDALE FDS VNG RUS1000VAL Exchange Traded Fund 92206C714 6,230 60,051 SH   DFND 1 0 0 60,051
FIRST TR EXCHANGE-TRADED FD RISNG DIVD ACHIV Exchange Traded Fund 33738R506 5,686 173,741 SH   DFND 1 0 0 173,741
SELECT SECTOR SPDR TR TECHNOLOGY Exchange Traded Fund 81369Y803 4,757 40,769 SH   DFND 1 0 0 40,769
SELECT SECTOR SPDR TR SBI INT-FINL Exchange Traded Fund 81369Y605 3,968 164,882 SH   DFND 1 0 0 164,882
ISHARES TR CORE MSCI EAFE Exchange Traded Fund 46432F842 3,865 64,123 SH   DFND 1 0 0 64,123
INVESCO EXCH TRADED FD TR II SR LN ETF Exchange Traded Fund 46138G508 3,678 169,216 SH   DFND 1 0 0 169,216
VANGUARD WORLD FDS INF TECH ETF Exchange Traded Fund 92204A702 3,653 11,732 SH   DFND 1 0 0 11,732
SPDR SER TR PORTFOLIO AGRGTE Exchange Traded Fund 78464A649 3,629 117,805 SH   DFND 1 0 0 117,805
SELECT SECTOR SPDR TR SBI HEALTHCARE Exchange Traded Fund 81369Y209 3,613 34,253 SH   DFND 1 0 0 34,253
ISHARES TR MSCI INTL QUALTY Exchange Traded Fund 46434V456 3,090 98,630 SH   DFND 1 0 0 98,630
ISHARES TR 0-5 YR TIPS ETF Exchange Traded Fund 46429B747 2,934 28,196 SH   DFND 1 0 0 28,196
SELECT SECTOR SPDR TR SBI INT-UTILS Exchange Traded Fund 81369Y886 2,837 47,788 SH   DFND 1 0 0 47,788
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC Exchange Traded Fund 92206C771 2,685 49,479 SH   DFND 1 0 0 49,479
SPDR SER TR S&P BIOTECH Exchange Traded Fund 78464A870 2,670 23,967 SH   DFND 1 0 0 23,967
VANGUARD WORLD FDS UTILITIES ETF Exchange Traded Fund 92204A876 2,592 20,085 SH   DFND 1 0 0 20,085
SPDR SER TR PORTFOLIO SHORT Exchange Traded Fund 78464A474 2,393 76,311 SH   DFND 1 0 0 76,311
FIRST TR EXCHANGE TRADED FD HLTH CARE ALPH Exchange Traded Fund 33734X143 2,291 24,192 SH   DFND 1 0 0 24,192
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX Exchange Traded Fund 92206C664 2,270 18,772 SH   DFND 1 0 0 18,772
VANGUARD CHARLOTTE FDS INTL BD IDX ETF Exchange Traded Fund 92203J407 2,267 38,964 SH   DFND 1 0 0 38,964
ISHARES TR MSCI USA MIN VOL Exchange Traded Fund 46429B697 2,124 33,331 SH   DFND 1 0 0 33,331
VANGUARD SCOTTSDALE FDS VNG RUS2000GRW Exchange Traded Fund 92206C623 2,066 12,808 SH   DFND 1 0 0 12,808
SPDR SER TR BLOOMBERG SRT TR Exchange Traded Fund 78468R408 1,889 73,039 SH   DFND 1 0 0 73,039
INVESCO EXCH TRADED FD TR II PFD ETF Exchange Traded Fund 46138E511 1,768 120,075 SH   DFND 1 0 0 120,075
SELECT SECTOR SPDR TR SBI INT-INDS Exchange Traded Fund 81369Y704 1,524 19,807 SH   DFND 1 0 0 19,807
VANGUARD WORLD FDS CONSUM DIS ETF Exchange Traded Fund 92204A108 1,363 5,810 SH   DFND 1 0 0 5,810
INVESCO EXCH TRADED FD TR II EMRNG MKT SVRG Exchange Traded Fund 46138E784 1,337 49,322 SH   DFND 1 0 0 49,322
SPDR SER TR PORTFOLIO INTRMD Exchange Traded Fund 78464A375 1,290 35,107 SH   DFND 1 0 0 35,107
SPDR SER TR BLOOMBERG BRCLYS Exchange Traded Fund 78468R622 1,284 12,319 SH   DFND 1 0 0 12,319
SPDR INDEX SHS FDS DJ INTL RL ETF Exchange Traded Fund 78463X863 1,239 41,734 SH   DFND 1 0 0 41,734
VANGUARD WORLD FDS ENERGY ETF Exchange Traded Fund 92204A306 1,180 29,288 SH   DFND 1 0 0 29,288
SPDR DOW JONES INDL AVERAGE UT SER 1 Exchange Traded Fund 78467X109 956 3,439 SH   DFND 1 0 0 3,439
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP Exchange Traded Fund 78467Y107 951 2,801 SH   DFND 1 0 0 2,801
INVESCO EXCHANGE TRADED FD T S&P500 EQL TEC Exchange Traded Fund 46137V282 849 4,031 SH   DFND 1 0 0 4,031
ISHARES TR CORE HIGH DV ETF Exchange Traded Fund 46429B663 812 10,099 SH   DFND 1 0 0 10,099
ISHARES INC CORE MSCI EMKT Exchange Traded Fund 46434G103 772 14,626 SH   DFND 1 0 0 14,626
SPDR SER TR S&P DIVID ETF Exchange Traded Fund 78464A763 737 7,987 SH   DFND 1 0 0 7,987
INVESCO EXCHANGE TRADED FD T S&P500 EQL STP Exchange Traded Fund 46137V373 664 4,650 SH   DFND 1 0 0 4,650
INVESCO EXCH TRADED FD TR II NATL AMT MUNI Exchange Traded Fund 46138E537 659 24,759 SH   DFND 1 0 0 24,759
VANGUARD WORLD FDS INDUSTRIAL ETF Exchange Traded Fund 92204A603 638 4,412 SH   DFND 1 0 0 4,412
INVESCO EXCHANGE TRADED FD T S&P500 QUALITY Exchange Traded Fund 46137V241 568 14,710 SH   DFND 1 0 0 14,710
INVESCO EXCH TRADED FD TR II FNDMNTL HY CRP Exchange Traded Fund 46138E719 552 29,803 SH   DFND 1 0 0 29,803
INVESCO EXCH TRADED FD TR II FTSE RAFI EMNG Exchange Traded Fund 46138E727 546 31,147 SH   DFND 1 0 0 31,147
SELECT SECTOR SPDR TR RL EST SEL SEC Exchange Traded Fund 81369Y860 536 15,209 SH   DFND 1 0 0 15,209
ISHARES TR MSCI EAFE MIN VL Exchange Traded Fund 46429B689 530 7,792 SH   DFND 1 0 0 7,792
INVESCO EXCH TRADED FD TR II S&P500 HDL VOL Exchange Traded Fund 46138E362 529 16,060 SH   DFND 1 0 0 16,060
FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX Exchange Traded Fund 33734X135 451 17,789 SH   DFND 1 0 0 17,789
VANGUARD SCOTTSDALE FDS VNG RUS2000VAL Exchange Traded Fund 92206C649 444 5,101 SH   DFND 1 0 0 5,101
VANGUARD WORLD FDS COMM SRVC ETF Exchange Traded Fund 92204A884 444 4,361 SH   DFND 1 0 0 4,361
ISHARES TR MSCI USA QLT FCT Exchange Traded Fund 46432F339 430 4,152 SH   DFND 1 0 0 4,152
VANECK VECTORS ETF TR INTRMDT MUNI ETF Exchange Traded Fund 92189H201 425 8,299 SH   DFND 1 0 0 8,299
SPDR SER TR RUSSELL LOW VOL Exchange Traded Fund 78468R754 415 5,338 SH   DFND 1 0 0 5,338
VANGUARD WORLD FDS HEALTH CAR ETF Exchange Traded Fund 92204A504 410 2,012 SH   DFND 1 0 0 2,012
SELECT SECTOR SPDR TR SBI CONS DISCR Exchange Traded Fund 81369Y407 356 2,428 SH   DFND 1 0 0 2,428
ALPS ETF TR ALERIAN MLP Exchange Traded Fund 00162Q452 347 17,392 SH   DFND 1 0 0 17,392
VANGUARD WORLD FDS CONSUM STP ETF Exchange Traded Fund 92204A207 294 1,803 SH   DFND 1 0 0 1,803
FIRST TR EXCHANGE TRADED FD INDLS PROD DUR Exchange Traded Fund 33734X150 223 5,468 SH   DFND 1 0 0 5,468
FLEXSHARES TR MORNSTAR UPSTR Exchange Traded Fund 33939L407 220 7,933 SH   DFND 1 0 0 7,933
VANGUARD WORLD FDS MATERIALS ETF Exchange Traded Fund 92204A801 212 1,576 SH   DFND 1 0 0 1,576