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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
ING USA ANNUITY&LIFE INS GOLDE COM 380789818 0 86,196 SH   DFND   0 86,196 0
FINANCIAL SELECTETF SECTOR SPD COM 81369Y605 6,175 249,683 SH   DFND   0 249,683 0
FIRST TRUST ETF FINANCIAL COM 33734X135 355,131 15,261,323 SH   DFND   0 15,261,323 0
FIRST TRUST ETF UTILITIES COM 33734X184 355,319 14,281,304 SH   DFND   0 14,281,304 0
FIRST TRUST CONSUMER ETF STAPL COM 33734X119 351,606 8,259,482 SH   DFND   0 8,259,482 0
FIRST TRUST CONSUMERETF DISCRE COM 33734X101 358,494 10,013,787 SH   DFND   0 10,013,787 0
FIRST TRUST TECHNLGY ETF ALPHA COM 33734X176 352,463 10,213,362 SH   DFND   0 10,213,362 0
ISHARES ETF U.S. TECHN COM 464287721 163,861 1,569,552 SH   DFND   0 1,569,552 0
ISHARES ETF U.S. UTILI COM 464287697 164,553 1,391,332 SH   DFND   0 1,391,332 0
ISHARES ETF U.S. FINANCIALS COM 464287788 165,438 1,834,123 SH   DFND   0 1,834,123 0
SELECT SECTOR SPDR FD CONSUMER COM 81369Y407 173,245 2,401,184 SH   DFND   0 2,401,184 0
SELECT SECTOR SPDR TR CONSUMER COM 81369Y308 169,769 3,501,105 SH   DFND   0 3,501,105 0
SELECT SECTOR SPDR TR UTILITIE COM 81369Y886 5,954 126,081 SH   DFND   0 126,081 0
FIRST TR EMERGING ETF MARKE COM 33737J182 307,371 14,256,528 SH   DFND   0 14,256,528 0
FIRST TR EXCHANGE ETF TRADE COM 33737J505 324,984 10,466,480 SH   DFND   0 10,466,480 0
ISHARES MSCI ETF EMERGING M COM 464287234 50,157 1,276,583 SH   DFND   0 1,276,583 0
ISHARES MSCI EMUETF COM 464286608 48,211 1,327,028 SH   DFND   0 1,327,028 0
ISHARES ETF 7-10 YR TR COM 464287440 32,856 309,990 SH   DFND   0 309,990 0
ISHARES MBS ETF COM 464288588 108,898 996,138 SH   DFND   0 996,138 0
PIMCO TRUST ETF 7-15YR US COM 72201R700 77,033 899,917 SH   DFND   0 899,917 0
FIRST TRUST S&P REIT ETF INDEX COM 33734G108 77,643 3,486,439 SH   DFND   0 3,486,439 0
ISHARES ETF U.S. REAL COM 464287739 20,710 269,516 SH   DFND   0 269,516 0
ISHARES CORE S&P 500 ETF S&P 5 COM 464287200 63,018 304,626 SH   DFND   0 304,626 0
SPDR S&P 500 TRUST ETF COM 78462F103 32,370 157,490 SH   DFND   0 157,490 0
FIRST TR ENHANCED ETF SHORT COM 33739Q408 86,017 1,436,497 SH   DFND   0 1,436,497 0
ISHARES ETF SHORT TREA COM 464288679 109,859 996,451 SH   DFND   0 996,451 0
PIMCO ETF TRUST ETF ENHANCED S COM 72201R833 231,500 2,290,714 SH   DFND   0 2,290,714 0
SPDR SERIES TRUST BRCLYS 1-3MT COM 78464A680 380 8,309 SH   DFND   0 8,309 0