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
3M CO COMMON 88579Y101 34 231 SH   DFND 2 231 0 0
ADT INC COMMON 00090Q103 36 4,695 SH   DFND 2 4,695 0 0
AGILITI INC COMMON 00848J104 38 1,824 SH   DFND 2 1,824 0 0
ALIGNMENT HEALTHCARE INC COMMON 01625V104 47 4,203 SH   DFND 2 4,203 0 0
ALLIANCE DATA SYSTEMS CORP COMMON 018581108 35 626 SH   DFND 2 626 0 0
ALPHA OMEGA SEMICONDUCTOR COMMON G6331P104 42 760 SH   DFND 2 760 0 0
ALPHABET INC CL A COMMON 02079K305 17 6 SH   DFND 2 6 0 0
ALPHABET INC CL C COMMON 02079K107 17 6 SH   DFND 2 6 0 0
ALTICE USA INC A COMMON 02156K103 43 3,425 SH   DFND 2 3,425 0 0
AMAZON COM INC COMMON 023135106 23 7 SH   DFND 2 7 0 0
AMERICAN AXLE MFG HOLDINGS COMMON 024061103 37 4,714 SH   DFND 2 4,714 0 0
AMERICAN ELECTRIC POWER COMMON 025537101 42 423 SH   DFND 2 423 0 0
AMKOR TECHNOLOGY INC COMMON 031652100 38 1,732 SH   DFND 2 1,732 0 0
AMNEAL PHARMACEUTICALS INC COMMON 03168L105 37 8,791 SH   DFND 2 8,791 0 0
APPLE INC COMMON 037833100 13 77 SH   DFND 2 77 0 0
ARROW ELECTRONICS INC COMMON 042735100 33 274 SH   DFND 2 274 0 0
ASBURY AUTOMOTIVE GROUP COMMON 043436104 29 184 SH   DFND 2 184 0 0
ATKORE INC COMMON 047649108 34 345 SH   DFND 2 345 0 0
ATLAS AIR WORLDWIDE HOLDINGS COMMON 049164205 37 431 SH   DFND 2 431 0 0
AUTONATION INC COMMON 05329W102 29 293 SH   DFND 2 293 0 0
AUTOZONE INC COMMON 053332102 43 21 SH   DFND 2 21 0 0
AVIS BUDGET GROUP INC COMMON 053774105 57 216 SH   DFND 2 216 0 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 43 584 SH   DFND 2 584 0 0
CARDINAL HEALTH INC COMMON 14149Y108 43 757 SH   DFND 2 757 0 0
CARROLS RESTAURANT GROUP INC COMMON 14574X104 37 16,212 SH   DFND 2 16,212 0 0
CHEVRON CORP COMMON 166764100 38 234 SH   DFND 2 234 0 0
COCA COLA CO THE COMMON 191216100 11 185 SH   DFND 2 185 0 0
COMSTOCK RESOURCES INC COMMON 205768302 28 2,154 SH   DFND 2 2,154 0 0
CONDUENT INC COMMON 206787103 43 8,241 SH   DFND 2 8,241 0 0
CONN S INC COMMON 208242107 16 1,041 SH   DFND 2 1,041 0 0
CONOCOPHILLIPS COMMON 20825C104 12 115 SH   DFND 2 115 0 0
CONSOLIDATED COMMUNICATIONS COMMON 209034107 43 7,309 SH   DFND 2 7,309 0 0
CORVEL CORP COMMON 221006109 38 226 SH   DFND 2 226 0 0
COSTCO WHOLESALE CORP COMMON 22160K105 10 18 SH   DFND 2 18 0 0
COWEN INC A COMMON 223622606 35 1,287 SH   DFND 2 1,287 0 0
CURO GROUP HOLDINGS CORP COMMON 23131L107 28 2,168 SH   DFND 2 2,168 0 0
DB GOLD DOUBLE LONG ETN ETF 25154H749 664 15,165 SH   DFND 2 15,165 0 0
DELL TECHNOLOGIES C COMMON 24703L202 35 695 SH   DFND 2 695 0 0
DUKE ENERGY CORP COMMON 26441C204 18 159 SH   DFND 2 159 0 0
EBAY INC COMMON 278642103 33 578 SH   DFND 2 578 0 0
ELEMENTS ROGERS TOTAL RETURN ETF 870297801 1,368 156,015 SH   DFND 2 156,015 0 0
ENCORE WIRE CORP COMMON 292562105 33 288 SH   DFND 2 288 0 0
ENDO INTERNATIONAL PLC COMMON G30401106 36 15,672 SH   DFND 2 15,672 0 0
ENSTAR GROUP LTD COMMON G3075P101 33 128 SH   DFND 2 128 0 0
EQUITRANS MIDSTREAM CORP COMMON 294600101 44 5,229 SH   DFND 2 5,229 0 0
EVERCORE INC A COMMON 29977A105 27 242 SH   DFND 2 242 0 0
EVERSOURCE ENERGY COMMON 30040W108 9 106 SH   DFND 2 106 0 0
EVOLENT HEALTH INC A COMMON 30050B101 21 650 SH   DFND 2 650 0 0
EXXON MOBIL CORP COMMON 30231G102 43 522 SH   DFND 2 522 0 0
FORD MOTOR CO COMMON 345370860 17 1,004 SH   DFND 2 1,004 0 0
FULGENT GENETICS INC COMMON 359664109 43 690 SH   DFND 2 690 0 0
GOODYEAR TIRE RUBBER CO COMMON 382550101 30 2,130 SH   DFND 2 2,130 0 0
GRAN TIERRA ENERGY INC COMMON 38500T101 31 19,525 SH   DFND 2 19,525 0 0
GROUP 1 AUTOMOTIVE INC COMMON 398905109 33 199 SH   DFND 2 199 0 0
HAWAIIAN HOLDINGS INC COMMON 419879101 45 2,295 SH   DFND 2 2,295 0 0
HAYWARD HOLDINGS INC COMMON 421298100 35 2,110 SH   DFND 2 2,110 0 0
HEIDRICK STRUGGLES INTL COMMON 422819102 36 903 SH   DFND 2 903 0 0
HERC HOLDINGS INC COMMON 42704L104 38 229 SH   DFND 2 229 0 0
HERITAGE INSURANCE HOLDINGS COMMON 42727J102 44 6,121 SH   DFND 2 6,121 0 0
HESS MIDSTREAM LP CLASS A COMMON 428103105 35 1,179 SH   DFND 2 1,179 0 0
HEWLETT PACKARD ENTERPRISE COMMON 42824C109 36 2,177 SH   DFND 2 2,177 0 0
HOVNANIAN ENTERPRISES A COMMON 442487401 8 140 SH   DFND 2 140 0 0
HP INC COMMON 40434L105 42 1,159 SH   DFND 2 1,159 0 0
INFRASTRUCTURE AND ENERGY AL COMMON 45686J104 36 3,046 SH   DFND 2 3,046 0 0
INNOVIVA INC COMMON 45781M101 43 2,224 SH   DFND 2 2,224 0 0
INTEL CORP COMMON 458140100 37 744 SH   DFND 2 744 0 0
INTERACTIVE BROKERS GRO CL A COMMON 45841N107 40 611 SH   DFND 2 611 0 0
IPATH BLOOMBERG COMMODITY IN ETF 06738C778 1,284 34,795 SH   DFND 2 34,795 0 0
ISHARES GLOBAL INFRASTRUCTUR ETF 464288372 349 6,859 SH   DFND 2 6,859 0 0
ISHARES IBOXX HIGH YLD CORP ETF 464288513 2,328 28,295 SH   DFND 2 28,295 0 0
ISHARES TIPS BOND ETF ETF 464287176 4,709 37,802 SH   DFND 2 37,802 0 0
JABIL INC COMMON 466313103 41 666 SH   DFND 2 666 0 0
JETBLUE AIRWAYS CORP COMMON 477143101 45 2,991 SH   DFND 2 2,991 0 0
KRISPY KREME INC COMMON 50101L106 37 2,463 SH   DFND 2 2,463 0 0
LANNETT CO INC COMMON 516012101 35 44,421 SH   DFND 2 44,421 0 0
LIBERTY TRIPADVISOR HDG A COMMON 531465102 43 20,782 SH   DFND 2 20,782 0 0
LUMEN TECHNOLOGIES INC COMMON 550241103 40 3,505 SH   DFND 2 3,505 0 0
MARATHON OIL CORP COMMON 565849106 9 360 SH   DFND 2 360 0 0
MATERIALS SELECT SECTOR SPDR ETF 81369Y100 330 3,745 SH   DFND 2 3,745 0 0
MATSON INC COMMON 57686G105 48 401 SH   DFND 2 401 0 0
META PLATFORMS INC CLASS A COMMON 30303M102 10 46 SH   DFND 2 46 0 0
MICRON TECHNOLOGY INC COMMON 595112103 36 459 SH   DFND 2 459 0 0
MICROSOFT CORP COMMON 594918104 10 34 SH   DFND 2 34 0 0
MOELIS CO CLASS A COMMON 60786M105 32 685 SH   DFND 2 685 0 0
NABORS INDUSTRIES LTD COMMON G6359F137 19 122 SH   DFND 2 122 0 0
NEXTERA ENERGY INC COMMON 65339F101 15 173 SH   DFND 2 173 0 0
OASIS PETROLEUM INC COMMON 674215207 44 298 SH   DFND 2 298 0 0
O I GLASS INC COMMON 67098H104 40 3,007 SH   DFND 2 3,007 0 0
OPENDOOR TECHNOLOGIES INC COMMON 683712103 46 5,270 SH   DFND 2 5,270 0 0
PACIRA BIOSCIENCES INC COMMON 695127100 47 610 SH   DFND 2 610 0 0
PENSKE AUTOMOTIVE GROUP INC COMMON 70959W103 33 352 SH   DFND 2 352 0 0
PEPSICO INC COMMON 713448108 10 57 SH   DFND 2 57 0 0
PERDOCEO EDUCATION CORP COMMON 71363P106 38 3,289 SH   DFND 2 3,289 0 0
PILGRIM S PRIDE CORP COMMON 72147K108 29 1,149 SH   DFND 2 1,149 0 0
PITNEY BOWES INC COMMON 724479100 38 7,223 SH   DFND 2 7,223 0 0
PLAINS GP HOLDINGS LP CL A COMMON 72651A207 36 3,105 SH   DFND 2 3,105 0 0
PPL CORP COMMON 69351T106 10 341 SH   DFND 2 341 0 0
PROCTER GAMBLE CO THE COMMON 742718109 20 134 SH   DFND 2 134 0 0
QURATE RETAIL INC SERIES A COMMON 74915M100 35 7,328 SH   DFND 2 7,328 0 0
RAYONIER ADVANCED MATERIALS COMMON 75508B104 44 6,698 SH   DFND 2 6,698 0 0
REALOGY HOLDINGS CORP COMMON 75605Y106 35 2,264 SH   DFND 2 2,264 0 0
REALTY INCOME CORP REIT 756109104 32 462 SH   DFND 2 462 0 0
REINSURANCE GROUP OF AMERICA COMMON 759351604 39 354 SH   DFND 2 354 0 0
RETAIL VALUE INC REIT 76133Q102 34 11,184 SH   DFND 2 11,184 0 0
RITE AID CORP COMMON 767754872 34 3,840 SH   DFND 2 3,840 0 0
RYDER SYSTEM INC COMMON 783549108 37 463 SH   DFND 2 463 0 0
SANMINA CORP COMMON 801056102 26 633 SH   DFND 2 633 0 0
SCIPLAY CORP CLASS A COMMON 809087109 38 2,905 SH   DFND 2 2,905 0 0
SCULPTOR CAPITAL MANAGEMENT COMMON 811246107 41 2,945 SH   DFND 2 2,945 0 0
SEAWORLD ENTERTAINMENT INC COMMON 81282V100 42 558 SH   DFND 2 558 0 0
SELECT MEDICAL HOLDINGS CORP COMMON 81619Q105 35 1,461 SH   DFND 2 1,461 0 0
SIGNET JEWELERS LTD COMMON G81276100 41 559 SH   DFND 2 559 0 0
SKYWEST INC COMMON 830879102 43 1,491 SH   DFND 2 1,491 0 0
SPDR FTSE INTERNATIONAL GOVE ETF 78464A490 1,215 22,516 SH   DFND 2 22,516 0 0
STONEX GROUP INC COMMON 861896108 35 470 SH   DFND 2 470 0 0
TARGA RESOURCES CORP COMMON 87612G101 9 125 SH   DFND 2 125 0 0
TARGET CORP COMMON 87612E106 34 161 SH   DFND 2 161 0 0
TELEPHONE AND DATA SYSTEMS COMMON 879433829 36 1,892 SH   DFND 2 1,892 0 0
TESLA INC COMMON 88160R101 12 11 SH   DFND 2 11 0 0
TITAN MACHINERY INC COMMON 88830R101 37 1,324 SH   DFND 2 1,324 0 0
TRAVELCENTERS OF AMERICA INC COMMON 89421B109 36 849 SH   DFND 2 849 0 0
TRI POINTE HOMES INC COMMON 87265H109 31 1,543 SH   DFND 2 1,543 0 0
TRITON INTERNATIONAL LTD COMMON G9078F107 38 548 SH   DFND 2 548 0 0
UNITED NATURAL FOODS INC COMMON 911163103 9 211 SH   DFND 2 211 0 0
UNITED STATES STEEL CORP COMMON 912909108 45 1,190 SH   DFND 2 1,190 0 0
US XPRESS ENTERPRISES INC A COMMON 90338N202 38 9,889 SH   DFND 2 9,889 0 0
VANECK GOLD MINERS ETF ETF 92189F106 338 8,826 SH   DFND 2 8,826 0 0
VANECK NATURAL RESOURCES ETF ETF 92189F841 331 6,032 SH   DFND 2 6,032 0 0
VANGUARD GLBL EX US REAL EST ETF 922042676 109 2,101 SH   DFND 2 2,101 0 0
VANGUARD REAL ESTATE ETF ETF 922908553 975 9,001 SH   DFND 2 9,001 0 0
VAREX IMAGING CORP COMMON 92214X106 32 1,496 SH   DFND 2 1,496 0 0
VECTOR GROUP LTD COMMON 92240M108 39 3,272 SH   DFND 2 3,272 0 0
VIRTUS INVESTMENT PARTNERS COMMON 92828Q109 28 116 SH   DFND 2 116 0 0
WALMART INC COMMON 931142103 9 60 SH   DFND 2 60 0 0
WALT DISNEY CO THE COMMON 254687106 9 65 SH   DFND 2 65 0 0
XPERI HOLDING CORP COMMON 98390M103 37 2,131 SH   DFND 2 2,131 0 0