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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
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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
ALPS ETF TR ALERIAN MLP 00162Q452   672,584 15,938 SH   DFND   0 0 15,938
FIRST TR EXCHNG TRADED FD VI US EQT BUFFER 33740F763   12,621,997 323,807 SH   DFND   0 0 323,807
GOLDMAN SACHS ETF TR ACCES TREASURY 381430529   15,138,849 151,222 SH   DFND   0 0 151,222
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   10,374,825 73,222 SH   DFND   0 0 73,222
ISHARES INC MSCI EMRG CHN 46434G764   8,665,260 173,896 SH   DFND   0 0 173,896
ISHARES TR FLTG RATE NT ETF 46429B655   3,874,256 76,130 SH   DFND   0 0 76,130
ISHARES TR 0-3 MNTH TREASRY 46436E718   24,249,348 240,879 SH   DFND   0 0 240,879
ISHARES TR SHORT TREAS BD 464288679   10,445,159 94,552 SH   DFND   0 0 94,552
ISHARES TR 20 YR TR BD ETF 464287432   1,113,148 12,551 SH   DFND   0 0 12,551
ISHARES TR ISHS 1-5YR INVS 464288646   356,783 7,160 SH   DFND   0 0 7,160
ISHARES U S ETF TR BLACKROCK ST MAT 46431W507   5,530,955 110,863 SH   DFND   0 0 110,863
JANUS DETROIT STR TR HENDRSON AAA CL 47103U845   26,219,720 520,956 SH   DFND   0 0 520,956
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308   2,347,316 34,113 SH   DFND   0 0 34,113
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100   822,340 10,469 SH   DFND   0 0 10,469
SELECT SECTOR SPDR TR ENERGY 81369Y506   1,453,562 16,081 SH   DFND   0 0 16,081
SELECT SECTOR SPDR TR INDL 81369Y704   2,826,170 27,877 SH   DFND   0 0 27,877
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407   3,751,800 23,306 SH   DFND   0 0 23,306
SPDR S&P 500 ETF TR TR UNIT 78462F103   359,511 841 SH   DFND   0 0 841
SPDR SER TR PORTFOLIO SHORT 78464A474   1,390,032 47,409 SH   DFND   0 0 47,409
SPDR SER TR PORTFOLI S&P1500 78464A805   21,755,277 414,465 SH   DFND   0 0 414,465
SPDR SER TR PORTFOLIO S&P500 78464A854   24,589,068 489,237 SH   DFND   0 0 489,237
SPDR SER TR BLOOMBERG 1-3 MO 78468R663   24,715,359 269,171 SH   DFND   0 0 269,171
SPDR SER TR BLOOMBERG INVT 78468R200   30,043,858 977,990 SH   DFND   0 0 977,990
SPDR SER TR SSGA US LRG ETF 78468R804   19,212,569 143,887 SH   DFND   0 0 143,887
VANGUARD WORLD FDS COMM SRVC ETF 92204A884   2,998,441 28,505 SH   DFND   0 0 28,505
VICTORY PORTFOLIOS II SHORT TRM BD ETF 92647N535   10,082,216 206,096 SH   DFND   0 0 206,096