<SEC-DOCUMENT>0001104659-24-087754.txt : 20240809
<SEC-HEADER>0001104659-24-087754.hdr.sgml : 20240809
<ACCEPTANCE-DATETIME>20240809150505
ACCESSION NUMBER: 0001104659-24-087754
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20240630
FILED AS OF DATE: 20240809
DATE AS OF CHANGE: 20240809
EFFECTIVENESS DATE: 20240809
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: L & S Advisors Inc
CENTRAL INDEX KEY: 0001392364
ORGANIZATION NAME:
IRS NUMBER: 000000000
STATE OF INCORPORATION: CA
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-13201
FILM NUMBER: 241192138
BUSINESS ADDRESS:
STREET 1: 11766 WILSHIRE BLVD
STREET 2: SUITE 845
CITY: Los Angeles
STATE: CA
ZIP: 90025
BUSINESS PHONE: 310-893-6060
MAIL ADDRESS:
STREET 1: 11766 WILSHIRE BLVD
STREET 2: SUITE 845
CITY: Los Angeles
STATE: CA
ZIP: 90025
</SEC-HEADER>
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<periodOfReport>06-30-2024</periodOfReport>
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<reportCalendarOrQuarter>06-30-2024</reportCalendarOrQuarter>
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<filingManager>
<name>L & S Advisors Inc</name>
<address>
<ns1:street1>11766 Wilshire Blvd</ns1:street1>
<ns1:street2>Suite 845</ns1:street2>
<ns1:city>Los Angeles</ns1:city>
<ns1:stateOrCountry>CA</ns1:stateOrCountry>
<ns1:zipCode>90025</ns1:zipCode>
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<reportType>13F COMBINATION REPORT</reportType>
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<otherManagersInfo>
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<signatureBlock>
<name>Sy R. Lippman</name>
<title>CEO</title>
<phone>310-893-6060</phone>
<signature>/s/ Sy R. Lippman</signature>
<city>Los Angeles</city>
<stateOrCountry>CA</stateOrCountry>
<signatureDate>08-08-2024</signatureDate>
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<infoTable>
<nameOfIssuer>BOEING CO</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>097023ct0</cusip>
<value>371050</value>
<shrsOrPrnAmt>
<sshPrnamt>375000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>375000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>BROADCOM INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>11135fay7</cusip>
<value>347371</value>
<shrsOrPrnAmt>
<sshPrnamt>350000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>350000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CARNIVAL CORP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>143658ah5</cusip>
<value>1361296</value>
<shrsOrPrnAmt>
<sshPrnamt>1363000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1363000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CDK GLOBAL INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>12508ead3</cusip>
<value>999775</value>
<shrsOrPrnAmt>
<sshPrnamt>1015000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1015000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CDK GLOBAL INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>12508eaf8</cusip>
<value>915662</value>
<shrsOrPrnAmt>
<sshPrnamt>1054000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1054000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CDW LLC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>12513gba6</cusip>
<value>374062</value>
<shrsOrPrnAmt>
<sshPrnamt>375000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>375000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CELEANSE US HOLDINGS LLC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>15089qal8</cusip>
<value>264335</value>
<shrsOrPrnAmt>
<sshPrnamt>264000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>264000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CIMPRESS PLC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>17186hag7</cusip>
<value>773062</value>
<shrsOrPrnAmt>
<sshPrnamt>775000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>775000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CITIGROUP GLOBAL MARKETS</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>17291qwg5</cusip>
<value>248590</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CITRIX SYSTEMS INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>177376ae0</cusip>
<value>1672880</value>
<shrsOrPrnAmt>
<sshPrnamt>1901000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1901000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>COMERICA BANK</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>200339dx4</cusip>
<value>829883</value>
<shrsOrPrnAmt>
<sshPrnamt>850000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>850000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CONCENTRIX CORP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>20602daa9</cusip>
<value>342261</value>
<shrsOrPrnAmt>
<sshPrnamt>340000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>340000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CONCENTRIX CORP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>20602dab7</cusip>
<value>304150</value>
<shrsOrPrnAmt>
<sshPrnamt>300000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>300000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CONSTELLATION EN GEN LLC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>30161mas2</cusip>
<value>386307</value>
<shrsOrPrnAmt>
<sshPrnamt>395000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>395000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CREDIT ACCEPTANC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>225310am3</cusip>
<value>1150669</value>
<shrsOrPrnAmt>
<sshPrnamt>1155000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1155000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>DISCOVER BANK</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>25466aaq4</cusip>
<value>198604</value>
<shrsOrPrnAmt>
<sshPrnamt>200000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>200000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>EDISON INTERNATIONAL</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>281020au1</cusip>
<value>271868</value>
<shrsOrPrnAmt>
<sshPrnamt>275000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>275000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ENERGY TRANSFER LP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>226373ap3</cusip>
<value>249260</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FLEX LTD</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>33938eau1</cusip>
<value>297210</value>
<shrsOrPrnAmt>
<sshPrnamt>300000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>300000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FLY LEASING LTD</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>34407dac3</cusip>
<value>402687</value>
<shrsOrPrnAmt>
<sshPrnamt>425000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>425000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FS KKR CAPITAL</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>302635ae7</cusip>
<value>246960</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FS KKR CAPITAL CORP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>302635am9</cusip>
<value>218424</value>
<shrsOrPrnAmt>
<sshPrnamt>212000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>212000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GENESIS ENERGY LP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>37185lam4</cusip>
<value>224941</value>
<shrsOrPrnAmt>
<sshPrnamt>220000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>220000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GLOBAL PART/GLP FINANCE</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>37954fag9</cusip>
<value>293366</value>
<shrsOrPrnAmt>
<sshPrnamt>293000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>293000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GOLDMAN SACHS GROUP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>38150at47</cusip>
<value>494997</value>
<shrsOrPrnAmt>
<sshPrnamt>500000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>500000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GOLDMAN SACHS GROUP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>38150atg0</cusip>
<value>744250</value>
<shrsOrPrnAmt>
<sshPrnamt>750000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>750000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GULFPORT ENERGY OP CORP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>402635aq9</cusip>
<value>328250</value>
<shrsOrPrnAmt>
<sshPrnamt>325000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>325000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>HAWAIIAN AIRLINES 13-1A</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>419838aa5</cusip>
<value>1532542</value>
<shrsOrPrnAmt>
<sshPrnamt>1630363</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1630363</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>HCA INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>404119br9</cusip>
<value>298875</value>
<shrsOrPrnAmt>
<sshPrnamt>300000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>300000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>HECLA MINING CO</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>422704ah9</cusip>
<value>1061006</value>
<shrsOrPrnAmt>
<sshPrnamt>1065000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1065000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>HEXCEL CORP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>428291am0</cusip>
<value>394644</value>
<shrsOrPrnAmt>
<sshPrnamt>400000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>400000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>HUMANA INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>444859bw1</cusip>
<value>199902</value>
<shrsOrPrnAmt>
<sshPrnamt>200000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>200000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>HYATT HOTELS CORP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>448579ah5</cusip>
<value>248985</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ICAHN ENTERPRISES</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>451102bz9</cusip>
<value>1314250</value>
<shrsOrPrnAmt>
<sshPrnamt>1400000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1400000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>IIP OPERATION PARTNER</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>44988fad2</cusip>
<value>1967662</value>
<shrsOrPrnAmt>
<sshPrnamt>2055000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>2055000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ILLUMINA INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>452327an9</cusip>
<value>250272</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>INSEEGO CORP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>45782bad6</cusip>
<value>447513</value>
<shrsOrPrnAmt>
<sshPrnamt>955000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>955000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JEFFERIES FIN GROUP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>47233weq8</cusip>
<value>1255125</value>
<shrsOrPrnAmt>
<sshPrnamt>1255000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1255000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JEFFERIES FIN GROUP INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>47233wcd9</cusip>
<value>299121</value>
<shrsOrPrnAmt>
<sshPrnamt>300000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>300000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JEFFERIES GRP LLC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>47233jjx7</cusip>
<value>242710</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JPMORGAN CHASE & CO</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>46625hjy7</cusip>
<value>204198</value>
<shrsOrPrnAmt>
<sshPrnamt>205000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>205000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JPMORGAN CHASE FINANCIAL</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>48133dm72</cusip>
<value>9981810</value>
<shrsOrPrnAmt>
<sshPrnamt>10000000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>10000000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JPMORGAN CHASE FINANCIAL</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>48133ua36</cusip>
<value>446299</value>
<shrsOrPrnAmt>
<sshPrnamt>450000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>450000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>KEYCORP CAPITAL</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>49326yaa7</cusip>
<value>896403</value>
<shrsOrPrnAmt>
<sshPrnamt>908000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>908000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>LEIDOS INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>52532xad7</cusip>
<value>245555</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>LLOYDS BANKING GROUP PLC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>53944yaa1</cusip>
<value>248697</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>MARATHON PETROLEUM CORP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>56585abh4</cusip>
<value>273017</value>
<shrsOrPrnAmt>
<sshPrnamt>275000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>275000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>MERCER INTL INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>588056bb6</cusip>
<value>1127587</value>
<shrsOrPrnAmt>
<sshPrnamt>1285000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1285000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>MICROCHIP TECH INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>595017ba1</cusip>
<value>196894</value>
<shrsOrPrnAmt>
<sshPrnamt>200000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>200000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>MOTOROLA SOLUTIONS INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>620076ah2</cusip>
<value>252867</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PARAMOUNT GLOBAL</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>92553pbb7</cusip>
<value>305638</value>
<shrsOrPrnAmt>
<sshPrnamt>330000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>330000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PARK-OHIO INDUSTRIES INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>700677ar8</cusip>
<value>710434</value>
<shrsOrPrnAmt>
<sshPrnamt>741000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>741000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PETROLEOS MEXICANOS</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>71654qcg5</cusip>
<value>1501000</value>
<shrsOrPrnAmt>
<sshPrnamt>1580000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1580000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PETROLEOS MEXICANOS</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>71654qdl3</cusip>
<value>745750</value>
<shrsOrPrnAmt>
<sshPrnamt>760000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>760000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PVH CORP</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>693656ac4</cusip>
<value>261576</value>
<shrsOrPrnAmt>
<sshPrnamt>265000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>265000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>QVC INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>747262au7</cusip>
<value>624681</value>
<shrsOrPrnAmt>
<sshPrnamt>635000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>635000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ROYAL BANK OF CANADA</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>78014rff2</cusip>
<value>249092</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SASOL FINANCING USA LLC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>80386wab1</cusip>
<value>537456</value>
<shrsOrPrnAmt>
<sshPrnamt>565000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>565000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SFL CORP LTD</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>g7738wab2</cusip>
<value>707162</value>
<shrsOrPrnAmt>
<sshPrnamt>695000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>695000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPIRIT AEROSYSTEMS INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>85205tak6</cusip>
<value>1196800</value>
<shrsOrPrnAmt>
<sshPrnamt>1280000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1280000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPRINT LLC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>85207uaj4</cusip>
<value>251567</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>TAPESTRY INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>876030ab3</cusip>
<value>254155</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>TIAA FSB HOLDINGS INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>29977gaa0</cusip>
<value>1643304</value>
<shrsOrPrnAmt>
<sshPrnamt>1715000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1715000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>TITAN INTERNATIONAL INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>88830mam4</cusip>
<value>1322675</value>
<shrsOrPrnAmt>
<sshPrnamt>1385000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1385000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>TORONTO-DOMINION BANK</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>89114xae3</cusip>
<value>299842</value>
<shrsOrPrnAmt>
<sshPrnamt>300000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>300000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>UBS Group AG</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>90279gnk1</cusip>
<value>300029</value>
<shrsOrPrnAmt>
<sshPrnamt>300000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>300000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ULTRAMAR DIAMOND SHAMRCK</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>252747af7</cusip>
<value>261850</value>
<shrsOrPrnAmt>
<sshPrnamt>250000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>250000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>UNITED AIR 2020-1 B PTT</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>90932vaa3</cusip>
<value>492274</value>
<shrsOrPrnAmt>
<sshPrnamt>498504</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>498504</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>UNITED AIRLINES 2012-2 A</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>210795qb9</cusip>
<value>297066</value>
<shrsOrPrnAmt>
<sshPrnamt>299162</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>299162</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>US AIRWAYS 2013-1A PTT</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>90346waa1</cusip>
<value>204124</value>
<shrsOrPrnAmt>
<sshPrnamt>209012</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>209012</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VERISIGN INC</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>92343eah5</cusip>
<value>313819</value>
<shrsOrPrnAmt>
<sshPrnamt>315000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>315000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>WESTERN ASSET MORTGAGE C</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>95790dad7</cusip>
<value>869418</value>
<shrsOrPrnAmt>
<sshPrnamt>880000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>880000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ZIMMER BIOMET HOLDINGS</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>98956paf9</cusip>
<value>250942</value>
<shrsOrPrnAmt>
<sshPrnamt>255000</sshPrnamt>
<sshPrnamtType>PRN</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>255000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>DOUBLELINE OPPORTUNISTIC BOND</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>25861r105</cusip>
<value>1449628</value>
<shrsOrPrnAmt>
<sshPrnamt>31930</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>31930</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>EATON VANCE HIGH INCOME</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>277923546</cusip>
<value>339894</value>
<shrsOrPrnAmt>
<sshPrnamt>81314</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>81314</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FIRST TRUST SENIOR LOAN ETF</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>33738D309</cusip>
<value>861885</value>
<shrsOrPrnAmt>
<sshPrnamt>18856</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>18856</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FLEXSHARES HIGH YIELD VALUE</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>33939l662</cusip>
<value>539547</value>
<shrsOrPrnAmt>
<sshPrnamt>13355</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>13355</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES BROAD US HIGH YIELD ET</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>46435u853</cusip>
<value>468074</value>
<shrsOrPrnAmt>
<sshPrnamt>12902</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>12902</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JPM ULTRA-SHORT INCOME</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>46641Q837</cusip>
<value>450748</value>
<shrsOrPrnAmt>
<sshPrnamt>8931</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>8931</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PIMCO ACTIVE BOND ETF</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>72201r775</cusip>
<value>1457280</value>
<shrsOrPrnAmt>
<sshPrnamt>16000</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>16000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PIMCO ENHANCED SHORT MATURITY</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>72201r833</cusip>
<value>754603</value>
<shrsOrPrnAmt>
<sshPrnamt>7497</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>7497</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PIMCO SENIOR LOAN ACTIVE ETF</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>72201r627</cusip>
<value>1194930</value>
<shrsOrPrnAmt>
<sshPrnamt>23359</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>23359</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR BLACKSTONE HIGH INCOME</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>78470P846</cusip>
<value>696485</value>
<shrsOrPrnAmt>
<sshPrnamt>24646</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>24646</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR BLACKSTONE SENIOR LOAN</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>78467V608</cusip>
<value>9767908</value>
<shrsOrPrnAmt>
<sshPrnamt>233682</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>233682</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VNGRD INTERMED CA TAX EX</nameOfIssuer>
<titleOfClass>FIXED</titleOfClass>
<cusip>922021308</cusip>
<value>260449</value>
<shrsOrPrnAmt>
<sshPrnamt>23028</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>23028</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>AAR CORP</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>000361105</cusip>
<value>218100</value>
<shrsOrPrnAmt>
<sshPrnamt>3000</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
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<infoTable>
<nameOfIssuer>ADVANCED MICRO DEVICES</nameOfIssuer>
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<nameOfIssuer>AIR PRODUCTS & CHEMICALS</nameOfIssuer>
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<nameOfIssuer>ALLSTATE CORP</nameOfIssuer>
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<nameOfIssuer>ALPHABET INC A</nameOfIssuer>
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<nameOfIssuer>ALPHABET INC C</nameOfIssuer>
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<nameOfIssuer>AMAZON.COM INC</nameOfIssuer>
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<nameOfIssuer>AMERICAN ELECTRIC POWER</nameOfIssuer>
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<nameOfIssuer>APPLIED DIGITAL CORP</nameOfIssuer>
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<nameOfIssuer>APPLIED MATERIALS</nameOfIssuer>
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<nameOfIssuer>ARGAN INC COM</nameOfIssuer>
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<nameOfIssuer>ARISTA NETWORKS</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<infoTable>
<nameOfIssuer>ARM HOLDINGS PLC ADR</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>ATLASSIAN CORP</nameOfIssuer>
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<sshPrnamt>9518</sshPrnamt>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>AVALON BAY</nameOfIssuer>
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<sshPrnamt>35710</sshPrnamt>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>BANK OF AMERICA CORP</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>BERKSHIRE HATHAWAY B</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>BICYCLE THERAPEUTICS</nameOfIssuer>
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<nameOfIssuer>BLOOM ENERGY CORP</nameOfIssuer>
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<nameOfIssuer>BOEING CO</nameOfIssuer>
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<nameOfIssuer>BOSTON SCIENTIFIC CORP</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>BROADCOM LIMITED</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>BWX TECHNOLOGIES CO</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<infoTable>
<nameOfIssuer>CADENCE DESIGN SYSTEMS</nameOfIssuer>
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<nameOfIssuer>CARPENTER TECHNOLOGY CORP</nameOfIssuer>
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<shrsOrPrnAmt>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<infoTable>
<nameOfIssuer>CARRIER GLOBAL</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>CHARLES SCHWAB CORP</nameOfIssuer>
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<cusip>808513105</cusip>
<value>1655934</value>
<shrsOrPrnAmt>
<sshPrnamt>22472</sshPrnamt>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>CHART INDUSTRIES</nameOfIssuer>
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<shrsOrPrnAmt>
<sshPrnamt>11477</sshPrnamt>
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</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
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</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CHEVRON CORPORATION</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>166764100</cusip>
<value>246987</value>
<shrsOrPrnAmt>
<sshPrnamt>1579</sshPrnamt>
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</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
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</infoTable>
<infoTable>
<nameOfIssuer>CISCO SYSTEMS INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>17275r102</cusip>
<value>2241094</value>
<shrsOrPrnAmt>
<sshPrnamt>47171</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
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<None>47171</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CITIGROUP INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
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<shrsOrPrnAmt>
<sshPrnamt>45113</sshPrnamt>
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</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
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<None>45113</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>COCA COLA COMPANY</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>191216100</cusip>
<value>677618</value>
<shrsOrPrnAmt>
<sshPrnamt>10646</sshPrnamt>
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</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
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<None>10646</None>
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</infoTable>
<infoTable>
<nameOfIssuer>CONSTELLATION ENERGY</nameOfIssuer>
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<cusip>21037t109</cusip>
<value>2592978</value>
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<sshPrnamt>12947</sshPrnamt>
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</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
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</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CORNING INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
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<value>6391524</value>
<shrsOrPrnAmt>
<sshPrnamt>164518</sshPrnamt>
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</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
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</infoTable>
<infoTable>
<nameOfIssuer>COSTCO WHOLESALE</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>22160k105</cusip>
<value>6846267</value>
<shrsOrPrnAmt>
<sshPrnamt>8055</sshPrnamt>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<infoTable>
<nameOfIssuer>CROWDSTRIKE HLDGS</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>22788c105</cusip>
<value>6280101</value>
<shrsOrPrnAmt>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<None>16389</None>
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</infoTable>
<infoTable>
<nameOfIssuer>CYBERARK SOFTWARE LTD F</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>M2682V108</cusip>
<value>328104</value>
<shrsOrPrnAmt>
<sshPrnamt>1200</sshPrnamt>
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<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
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<None>1200</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CYPRESS DEV CORP</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>232749200</cusip>
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<shrsOrPrnAmt>
<sshPrnamt>10000</sshPrnamt>
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<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
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<infoTable>
<nameOfIssuer>D.R. HORTON</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
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<nameOfIssuer>DIGITAL REALTY TRUST INC</nameOfIssuer>
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<nameOfIssuer>DUKE ENERGY CORP</nameOfIssuer>
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<nameOfIssuer>EATON CORP PLC</nameOfIssuer>
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<nameOfIssuer>ELI LILLY & COMPANY</nameOfIssuer>
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<nameOfIssuer>EMERSON ELECTRIC CO</nameOfIssuer>
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<nameOfIssuer>ENOVIX CORP</nameOfIssuer>
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<nameOfIssuer>ENTER PRO PARTNERS LP</nameOfIssuer>
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<nameOfIssuer>EQUITY LIFESTYLE PPTIES</nameOfIssuer>
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<nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
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<nameOfIssuer>FEDEX CORPORATION</nameOfIssuer>
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<nameOfIssuer>FIRST SOLAR INC</nameOfIssuer>
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<nameOfIssuer>FLUENCE ENERGY INC</nameOfIssuer>
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<nameOfIssuer>GE AEROSPACE</nameOfIssuer>
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<nameOfIssuer>GLOBAL TECHNOLOGIES</nameOfIssuer>
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<nameOfIssuer>GOLDMAN SACHS</nameOfIssuer>
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<nameOfIssuer>HDFC BANK LTD</nameOfIssuer>
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<nameOfIssuer>HOME DEPOT</nameOfIssuer>
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<nameOfIssuer>HOWMET AEROSPACE INC</nameOfIssuer>
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<nameOfIssuer>ICICI BANK LTD SPON ADR</nameOfIssuer>
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<nameOfIssuer>INTEL CORP</nameOfIssuer>
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<nameOfIssuer>INTUITIVE SURGICAL</nameOfIssuer>
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<nameOfIssuer>JOHNSON & JOHNSON</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>JPMORGAN CHASE & CO</nameOfIssuer>
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<nameOfIssuer>KINDER MORGAN INC</nameOfIssuer>
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<nameOfIssuer>KLA TENCOR CORP</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>LABOR SMART INC</nameOfIssuer>
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<nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer>
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<nameOfIssuer>LENNOX INTERNATIONAL</nameOfIssuer>
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<investmentDiscretion>SOLE</investmentDiscretion>
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<nameOfIssuer>MARRIOTT INTERNATIONAL</nameOfIssuer>
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<nameOfIssuer>MERCADOLIBRE INC</nameOfIssuer>
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<nameOfIssuer>MERCK & CO INC</nameOfIssuer>
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<nameOfIssuer>META PLATFORMS INC</nameOfIssuer>
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<nameOfIssuer>REALTY INCOME CORP</nameOfIssuer>
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<nameOfIssuer>SCHNEIDER ELEC SA UNSP ADR</nameOfIssuer>
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<nameOfIssuer>SCORPIO TANKERS INC</nameOfIssuer>
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<nameOfIssuer>SERVICENOW INC</nameOfIssuer>
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<nameOfIssuer>SHOPIFY INC</nameOfIssuer>
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<nameOfIssuer>SIEMENS AG (ADR)</nameOfIssuer>
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<nameOfIssuer>SIMON PROPERTY GROUP</nameOfIssuer>
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<nameOfIssuer>SOUTHERN CO</nameOfIssuer>
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<nameOfIssuer>STATE STREET CORP</nameOfIssuer>
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<nameOfIssuer>STRYKER CORP</nameOfIssuer>
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<nameOfIssuer>SUPER MICRO COMPUTER INC</nameOfIssuer>
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<nameOfIssuer>SYNOPSYS INC</nameOfIssuer>
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<nameOfIssuer>TAIWAN SEMICONDUCTOR</nameOfIssuer>
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<nameOfIssuer>TALOS ENERGY INC</nameOfIssuer>
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<nameOfIssuer>TESLA MOTORS INC</nameOfIssuer>
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<nameOfIssuer>TETRA TECH INC</nameOfIssuer>
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<nameOfIssuer>TEXAS ROADHOUSE INC COM</nameOfIssuer>
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<nameOfIssuer>THE TRADE DESK CL A</nameOfIssuer>
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<nameOfIssuer>THERMO FISHER SCIENTIFIC</nameOfIssuer>
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<nameOfIssuer>TRANE TECHNOLOGIES PLC</nameOfIssuer>
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<nameOfIssuer>UBER TECHNOLOGIES INC</nameOfIssuer>
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<nameOfIssuer>UNITEDHEALTH GROUP</nameOfIssuer>
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<nameOfIssuer>US BANCORP</nameOfIssuer>
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<nameOfIssuer>VERINT SYSTEMS INC</nameOfIssuer>
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<sshPrnamt>49782</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>49782</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VERTEX PHARMACEUTCLS INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>92532f100</cusip>
<value>1632083</value>
<shrsOrPrnAmt>
<sshPrnamt>3482</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>3482</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VERTIV HOLDINGS LLC CL A</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>92537n108</cusip>
<value>1914338</value>
<shrsOrPrnAmt>
<sshPrnamt>22113</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>22113</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VISA INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>92826c839</cusip>
<value>4072859</value>
<shrsOrPrnAmt>
<sshPrnamt>15517</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>15517</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>WAL-MART STORES INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>931142103</cusip>
<value>6236119</value>
<shrsOrPrnAmt>
<sshPrnamt>92100</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>92100</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>WALT DISNEY CO</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>254687106</cusip>
<value>286154</value>
<shrsOrPrnAmt>
<sshPrnamt>2882</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>2882</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>WASTE MANAGEMENT</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>94106l109</cusip>
<value>2967818</value>
<shrsOrPrnAmt>
<sshPrnamt>13911</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>13911</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>WESTERN DIGITAL CORP</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>958102105</cusip>
<value>2880775</value>
<shrsOrPrnAmt>
<sshPrnamt>38020</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>38020</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>WILLIAMS COMPANIES INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>969457100</cusip>
<value>3328430</value>
<shrsOrPrnAmt>
<sshPrnamt>78316</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>78316</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ZOETIS INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>98978v103</cusip>
<value>2583931</value>
<shrsOrPrnAmt>
<sshPrnamt>14905</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>14905</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ZSCALER INC</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>98980g102</cusip>
<value>1675128</value>
<shrsOrPrnAmt>
<sshPrnamt>8716</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>8716</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>1ST TR DEVELOPED MKT EX-US ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>33737J174</cusip>
<value>1564091</value>
<shrsOrPrnAmt>
<sshPrnamt>28407</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>28407</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>AVANTIS INTERNATIONAL EQUITY E</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>025072703</cusip>
<value>342056</value>
<shrsOrPrnAmt>
<sshPrnamt>5494</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>5494</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>AVANTIS US EQUITY ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>025072885</cusip>
<value>4124136</value>
<shrsOrPrnAmt>
<sshPrnamt>45727</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>45727</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>CONSUMER STAPLES SPDR</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>81369y308</cusip>
<value>6466951</value>
<shrsOrPrnAmt>
<sshPrnamt>84447</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>84447</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>DIMENSIONAL EMERGING CORE ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>25434v302</cusip>
<value>951015</value>
<shrsOrPrnAmt>
<sshPrnamt>36761</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>36761</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>DIMENSIONAL US HIGH PROFIT ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>25434v831</cusip>
<value>3457772</value>
<shrsOrPrnAmt>
<sshPrnamt>108089</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>108089</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>DIMENSIONAL US SMALL CAP</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>25434v500</cusip>
<value>693700</value>
<shrsOrPrnAmt>
<sshPrnamt>11546</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>11546</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>DJ INDUSTRIAL ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>78467x109</cusip>
<value>13345493</value>
<shrsOrPrnAmt>
<sshPrnamt>34120</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>34120</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ENERGY SELECT SPDR</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>81369y506</cusip>
<value>16500611</value>
<shrsOrPrnAmt>
<sshPrnamt>181027</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>181027</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FINANCIAL SELECT SPDR</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>81369y605</cusip>
<value>17091606</value>
<shrsOrPrnAmt>
<sshPrnamt>415753</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>415753</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FIRST RISING DIVIDEND ACHIEVER</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>33738r506</cusip>
<value>1048604</value>
<shrsOrPrnAmt>
<sshPrnamt>19153</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>19153</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FIRST TRUST NASDAQ 100 TECH</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>337345102</cusip>
<value>353063</value>
<shrsOrPrnAmt>
<sshPrnamt>1788</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1788</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FIRST TRUST TECH ALPHA ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>33734x176</cusip>
<value>2223218</value>
<shrsOrPrnAmt>
<sshPrnamt>16316</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>16316</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FLEXSHARES DEF QUAL DIV ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>33939l845</cusip>
<value>1646429</value>
<shrsOrPrnAmt>
<sshPrnamt>25115</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>25115</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FLEXSHARES MORNINGSTAR US IDX</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>33939l100</cusip>
<value>257407</value>
<shrsOrPrnAmt>
<sshPrnamt>1288</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1288</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GLOBAL X ART INTEL & TEH</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>37954y632</cusip>
<value>325801</value>
<shrsOrPrnAmt>
<sshPrnamt>9144</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>9144</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GLOBAL X U.S. PREFERRED ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>37954y657</cusip>
<value>768084</value>
<shrsOrPrnAmt>
<sshPrnamt>39029</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>39029</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>INVESCO FTSE RAFI DEVELOPED</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46138e735</cusip>
<value>779862</value>
<shrsOrPrnAmt>
<sshPrnamt>24130</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>24130</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>INVESCO QQQ TRUST ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46090E103</cusip>
<value>1031524</value>
<shrsOrPrnAmt>
<sshPrnamt>2153</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>2153</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISH RUSSELL 2000 GRWTH</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>464287648</cusip>
<value>252029</value>
<shrsOrPrnAmt>
<sshPrnamt>960</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>960</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARE TECH SOFTWARE ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>464287515</cusip>
<value>12489181</value>
<shrsOrPrnAmt>
<sshPrnamt>143719</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>143719</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES EDGE MSCI US QUALITY F</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46432f339</cusip>
<value>997712</value>
<shrsOrPrnAmt>
<sshPrnamt>5843</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>5843</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES GLOBAL TECH ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>464287291</cusip>
<value>248936</value>
<shrsOrPrnAmt>
<sshPrnamt>3006</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>3006</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES MSCI INTERNATIONAL Q E</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46434v456</cusip>
<value>1386512</value>
<shrsOrPrnAmt>
<sshPrnamt>35506</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>35506</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES RUSSELL 2000</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>464287655</cusip>
<value>624001</value>
<shrsOrPrnAmt>
<sshPrnamt>3076</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>3076</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES S&P 500 GROWTH</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>464287309</cusip>
<value>308904</value>
<shrsOrPrnAmt>
<sshPrnamt>3338</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>3338</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES S&P 500 VALUE ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>464287408</cusip>
<value>271585</value>
<shrsOrPrnAmt>
<sshPrnamt>1492</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1492</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES SEMICONDUCTOR ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>464287523</cusip>
<value>281898</value>
<shrsOrPrnAmt>
<sshPrnamt>1143</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1143</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ISHARES US CONSUMER DISCRETION</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>464287580</cusip>
<value>533456</value>
<shrsOrPrnAmt>
<sshPrnamt>6563</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>6563</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JPM DIVERSIFIED RET EM EQUITY</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46641q308</cusip>
<value>326704</value>
<shrsOrPrnAmt>
<sshPrnamt>6041</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>6041</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JPM PREMIUM EQUITY FUND</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46641q332</cusip>
<value>731481</value>
<shrsOrPrnAmt>
<sshPrnamt>12905</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>12905</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JPMORGAN US QUALITY FACTOR ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46641q761</cusip>
<value>2221293</value>
<shrsOrPrnAmt>
<sshPrnamt>41951</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>41951</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>JPMORGAN US VALUE FACTOR ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>46641q753</cusip>
<value>584440</value>
<shrsOrPrnAmt>
<sshPrnamt>14300</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>14300</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>NUVEEN ESG LARGE CAP GROWTH ET</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>67092p201</cusip>
<value>2376446</value>
<shrsOrPrnAmt>
<sshPrnamt>29281</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>29281</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PACER US CASH COWS 100 ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>69374h881</cusip>
<value>533853</value>
<shrsOrPrnAmt>
<sshPrnamt>9797</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>9797</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PIMCO RAFI DYN MLT-FACT INTL</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>72202l371</cusip>
<value>417645</value>
<shrsOrPrnAmt>
<sshPrnamt>13799</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>13799</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>PRS MIDCAP DIV ARISTO</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>74347b680</cusip>
<value>732419</value>
<shrsOrPrnAmt>
<sshPrnamt>9950</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>9950</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>REAL ESTATE SELECTOR SPDR</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>81369y860</cusip>
<value>4256795</value>
<shrsOrPrnAmt>
<sshPrnamt>110825</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>110825</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR GOLD SHARES ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>78463v107</cusip>
<value>332620</value>
<shrsOrPrnAmt>
<sshPrnamt>1547</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1547</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR INDUSTRIAL SELECT</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>81369y704</cusip>
<value>14324009</value>
<shrsOrPrnAmt>
<sshPrnamt>117535</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>117535</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR MSCI EAFE STRATEGIC FACTO</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>78463x434</cusip>
<value>1374190</value>
<shrsOrPrnAmt>
<sshPrnamt>18386</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>18386</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR PORTFOLIO S&P 1500 COMP</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>78464a805</cusip>
<value>650578</value>
<shrsOrPrnAmt>
<sshPrnamt>9805</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>9805</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR S&P 500 ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>78462f103</cusip>
<value>16048920</value>
<shrsOrPrnAmt>
<sshPrnamt>29490</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>29490</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR S&P MIDCAP 400 ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>78467y107</cusip>
<value>639956</value>
<shrsOrPrnAmt>
<sshPrnamt>1196</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1196</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>SPDR UTILITIES ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>81369y886</cusip>
<value>6042494</value>
<shrsOrPrnAmt>
<sshPrnamt>88678</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>88678</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>TECHNOLOGY SPDR ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>81369y803</cusip>
<value>634406</value>
<shrsOrPrnAmt>
<sshPrnamt>2804</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>2804</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANECK MORNINGSTAR WIDE MOAT</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>92189f643</cusip>
<value>639875</value>
<shrsOrPrnAmt>
<sshPrnamt>7388</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>7388</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANECK PHARMACEUTICAL ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>92189f692</cusip>
<value>269775</value>
<shrsOrPrnAmt>
<sshPrnamt>2949</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>2949</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANECK SEMICONDUCTOR</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>92189f676</cusip>
<value>454661</value>
<shrsOrPrnAmt>
<sshPrnamt>1744</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1744</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD DEVELOPED ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>921943858</cusip>
<value>1336550</value>
<shrsOrPrnAmt>
<sshPrnamt>27045</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>27045</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD EMERGING MARKETS</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>922042858</cusip>
<value>472238</value>
<shrsOrPrnAmt>
<sshPrnamt>10792</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>10792</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD GROWTH ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>922908736</cusip>
<value>746898</value>
<shrsOrPrnAmt>
<sshPrnamt>1997</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>1997</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>VANGUARD TOTAL STOCK ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>922908769</cusip>
<value>6837288</value>
<shrsOrPrnAmt>
<sshPrnamt>25559</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>25559</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>WISDOMTREE FLOATING RATE</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>97717y527</cusip>
<value>251550</value>
<shrsOrPrnAmt>
<sshPrnamt>5000</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>5000</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>WISDOMTREE U.S. QUALITY DIVIDE</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>97717x669</cusip>
<value>351579</value>
<shrsOrPrnAmt>
<sshPrnamt>4505</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>4505</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>WISDOMTREE US MIDCAP ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>97717w570</cusip>
<value>1285583</value>
<shrsOrPrnAmt>
<sshPrnamt>22246</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>22246</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>XTRACKERS RUSSELL US MULTI ETF</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>233051481</cusip>
<value>1906608</value>
<shrsOrPrnAmt>
<sshPrnamt>37841</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>37841</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>FIDELITY CONTRAFUND</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>316071109</cusip>
<value>330757</value>
<shrsOrPrnAmt>
<sshPrnamt>16374</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>16374</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>GS GQG INTL OPPORTUNITIES</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>38147n293</cusip>
<value>1168836</value>
<shrsOrPrnAmt>
<sshPrnamt>50424</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>50424</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>HRDG LVNR INTL EQUITY</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>412295107</cusip>
<value>678767</value>
<shrsOrPrnAmt>
<sshPrnamt>25750</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>25750</None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer>ENERGY TRANSFER EQUITY LP</nameOfIssuer>
<titleOfClass>COM</titleOfClass>
<cusip>29273v100</cusip>
<value>224063</value>
<shrsOrPrnAmt>
<sshPrnamt>13814</sshPrnamt>
<sshPrnamtType>SH</sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion>SOLE</investmentDiscretion>
<votingAuthority>
<Sole>0</Sole>
<Shared>0</Shared>
<None>13814</None>
</votingAuthority>
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</informationTable>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>