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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alerian MLP ETF ETF 00162Q452   393,972 8,305 SH   SOLE   0 0 0
Xtrackers USD High Yield Corporate Bond ETF ETF 233051432   73,249,596 2,050,270 SH   SOLE   0 0 0
Invesco Global Listed Private Equity ETF ETF 46137V118   195,428 2,964 SH   SOLE   0 0 0
Invesco CEF Income Composite ETF ETF 46138E404   460,830 24,453 SH   SOLE   0 0 0
Invesco Senior Loan ETF ETF 46138G508   178,032 8,419 SH   SOLE   0 0 0
Invesco Variable Rate Preferred ETF ETF 46138G870   364,581 15,337 SH   SOLE   0 0 0
iShares 20plus Year Treasury Bond ETF ETF 464287432   439,793 4,648 SH   SOLE   0 0 0
iShares US Real Estate ETF ETF 464287739   176,386 1,963 SH   SOLE   0 0 0
iShares JP Morgan USD Emerging Markets Bond ETF ETF 464288281   183,524 2,046 SH   SOLE   0 0 0
iShares iBoxx High Yield Corporate Bond ETF ETF 464288513   1,987,323 25,567 SH   SOLE   0 0 0
iShares National Muni Bond ETF ETF 464288414   265,590 2,468 SH   SOLE   0 0 0
iShares Floating Rate Bond ETF ETF 46429B655   358,464 7,020 SH   SOLE   0 0 0
iShares Treasury Floating Rate Bond ETF ETF 46434V860   803,796 15,857 SH   SOLE   0 0 0
iShare Mortgage Real Estate ETF ETF 46435G342   87,622 3,772 SH   SOLE   0 0 0
iShares Broad USD High Yield Corporate Bond ETF ETF 46435U853   864,805 23,635 SH   SOLE   0 0 0
JPMorgan Ultra-Short Income ETF ETF 46641Q837   357,224 7,081 SH   SOLE   0 0 0
Janus Henderson B-BBB CLO ETF ETF 47103U753   361,354 7,391 SH   SOLE   0 0 0
SPDR Bloomberg International Corporate Bond ETF ETF 78464A151   440,419 15,127 SH   SOLE   0 0 0
SPDR Nuveen Bloomberg High Yield Municipal Bond ETF ETF 78464A284   180,760 7,036 SH   SOLE   0 0 0
SPDR Bloomberg Convertible Securities ETF ETF 78464A359   5,686,166 77,813 SH   SOLE   0 0 0
SPDR Bloomberg International Treasury Bond ETF ETF 78464A516   261,654 11,764 SH   SOLE   0 0 0
SPDR Bloomberg High Yield Bond ETF ETF 78468R622   22,292,541 234,068 SH   SOLE   0 0 0
SPDR Dow Jones Industrial Average ETF ETF 78467X109   1,910,450 4,805 SH   SOLE   0 0 0
SPDR Gold Shares ETF ETF 78463V107   364,367 1,794 SH   SOLE   0 0 0
Energy Select Sector SPDR Fund ETF 81369Y506   102,976 1,091 SH   SOLE   0 0 0
VanEck International High Yield Bond ETF ETF 92189F445   89,037 4,303 SH   SOLE   0 0 0
VanEck High Yield Muni ETF ETF 92189H409   5,907,051 113,093 SH   SOLE   0 0 0
Vanguard Total Bond Market ETF ETF 921937835   1,088,085 14,963 SH   SOLE   0 0 0
iShares MSCI Emerging Markets ETF ETF 464287234   152,611 3,729 SH   SOLE   0 0 0
iShares US Industrial ETF ETF 464287754   171,569 1,369 SH   SOLE   0 0 0
Vanguard Financials ETF ETF 92204A405   186,907 1,830 SH   SOLE   0 0 0
Vanguard Industrials ETF ETF 92204A603   99,816 409 SH   SOLE   0 0 0
Vanguard Intermediate Term Corporate Bond ETF ETF 92206C870   177,802 2,208 SH   SOLE   0 0 0
Vanguard Small Cap Value Index Fund ETF ETF 922908611   327,657 1,716 SH   SOLE   0 0 0
Vanguard Dividend Appreciation Index Fund ETF ETF 921908844   555,377 3,045 SH   SOLE   0 0 0
Vanguard Health Care Index Fund ETF ETF 92204A504   166,728 616 SH   SOLE   0 0 0