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
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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
AGNC INVT CORP COM 00123Q104   105,180 11,142 SH   DFND   0 0 11,142
APOLLO COML REAL EST FIN INC COM 03762U105   295,958 29,216 SH   DFND   0 0 29,216
APPLE INC COM 037833100   430,080 2,512 SH   DFND   0 0 2,512
BLACKSTONE SECD LENDING FD COMMON STOCK 09261X102   216,336 7,907 SH   DFND   0 0 7,907
BLUE OWL CAPITAL CORPORATION COM 69121K104   202,612 14,629 SH   DFND   0 0 14,629
BRIGHTSPIRE CAPITAL INC COM CL A 10949T109   97,487 15,573 SH   DFND   0 0 15,573
DORIAN LPG LTD SHS USD Y2106R110   211,395 7,358 SH   DFND   0 0 7,358
ECOPETROL S A SPONSORED ADS 279158109   184,898 15,967 SH   DFND   0 0 15,967
FIRST TR EXCHANGE-TRADED FD SENIOR LN FD 33738D309   3,763,396 82,278 SH   DFND   0 0 82,278
FIRST TR EXCHNG TRADED FD VI US EQT BUFFER 33740F763   258,126 6,622 SH   DFND   0 0 6,622
FIRST TR EXCHNG TRADED FD VI FT CBOE VEST BFR 33740F623   3,340,042 91,508 SH   DFND   0 0 91,508
FIRST TR EXCHNG TRADED FD VI FT CBOE VEST US 33740F482   957,194 30,224 SH   DFND   0 0 30,224
FIRST TR EXCHNG TRADED FD VI FT CBOE VEST U S 33740U661   249,370 8,329 SH   DFND   0 0 8,329
FIRST TR EXCHNG TRADED FD VI FT US EQ MOD BUF 33740U653   357,140 12,127 SH   DFND   0 0 12,127
FS CREDIT OPPORTUNITIES CORP COMMON STOCK 30290Y101   90,357 16,671 SH   DFND   0 0 16,671
FS KKR CAP CORP COM 302635206   320,258 16,265 SH   DFND   0 0 16,265
HERCULES CAPITAL INC COM 427096508   202,229 12,316 SH   DFND   0 0 12,316
J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 46641Q837   302,736 6,033 SH   DFND   0 0 6,033
MEDICAL PPTYS TRUST INC COM 58463J304   92,508 16,974 SH   DFND   0 0 16,974
PACER FDS TR SWAN SOS MOD JAN 69374H550   728,406 29,990 SH   DFND   0 0 29,990
PACER FDS TR SWAN SOS MODERAT 69374H519   2,028,238 87,304 SH   DFND   0 0 87,304
PACER FDS TR SWAN SOS MODRTE 69374H493   240,726 10,369 SH   DFND   0 0 10,369
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   197,478 13,174 SH   DFND   0 0 13,174
PIMCO ETF TR ENHAN SHRT MA AC 72201R833   445,523 4,449 SH   DFND   0 0 4,449
PIMCO ETF TR ENHNCD LW DUR AC 72201R718   483,417 5,157 SH   DFND   0 0 5,157
READY CAPITAL CORP COM 75574U101   102,687 10,157 SH   DFND   0 0 10,157
SCHWAB STRATEGIC TR US SML CAP ETF 808524607   3,119,892 75,323 SH   DFND   0 0 75,323
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105   201,267 3,373 SH   DFND   0 0 3,373
SPDR INDEX SHS FDS EURO STOXX 50 78463X202   2,346,343 55,852 SH   DFND   0 0 55,852
SPDR S&P 500 ETF TR TR UNIT 78462F103   31,781,517 74,346 SH   DFND   0 0 74,346
SPDR SER TR PORTFOLIO S&P400 78464A847   7,108,746 162,337 SH   DFND   0 0 162,337
SPDR SER TR BLOOMBERG BRCLYS 78468R622   2,163,453 23,932 SH   DFND   0 0 23,932
STARBUCKS CORP COM 855244109   231,643 2,538 SH   DFND   0 0 2,538
TESLA INC COM 88160R101   213,938 855 SH   DFND   0 0 855
TWO RDS SHARED TR ANFIELD CAP DI 90213U115   1,492,101 175,841 SH   DFND   0 0 175,841
TWO RDS SHARED TR ANFIELD DYNAMIC 90214Q725   1,676,854 203,749 SH   DFND   0 0 203,749
TWO RDS SHARED TR ANFIELD US EQU 90214Q733   10,452,517 855,291 SH   DFND   0 0 855,291
TWO RDS SHARED TR REGENTS PK HDGD 90214Q642   591,102 68,259 SH   DFND   0 0 68,259
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   1,158,072 2,949 SH   DFND   0 0 2,949
WISDOMTREE TR JAPN HEDGE EQT 97717W851   1,897,199 21,498 SH   DFND   0 0 21,498
VANECK BDC INCOME ETF BDC INCOME ETF 92189F411   2,235,816 139,477 SH   DFND   0 0 139,477
TEUCRIUM CORN FUND CORN FD SHS 88166A102   1,972,001 89,555 SH   DFND   0 0 89,555
PIMCO DYNAMIC INCOME FUND SHS 72201Y101   2,118,632 122,606 SH   DFND   0 0 122,606
PACER INDUSTRIAL REAL ESTATE E ESTATE SCTR ETF BNCHMRK INDSTR 69374H766   1,608,212 45,818 SH   DFND   0 0 45,818
JANUS HENDERSON SHORT DURATION INCOME ETF HENDRSN SHRT ETF 47103U886   3,899,193 81,284 SH   DFND   0 0 81,284
ISHARES GSCI COMMODITY DYNAMIC COMMOD SEL STG 46431W853   1,622,489 55,660 SH   DFND   0 0 55,660
ISHARES S&P GSCI COMMODITY INDEXED TRUST UNIT BEN INT 46428R107   2,205,597 97,983 SH   DFND   0 0 97,983
INVESCO DB ENERGY FUND ENERGY FD 46140H304   2,851,713 121,816 SH   DFND   0 0 121,816
INVESCO KBW PREMIUM YIELD EQUITY REIT ETF KBW PREM YIELD 46138E594   1,630,764 93,400 SH   DFND   0 0 93,400
INVESCO DB COMMODITY INDEX TRACKING FUND UNIT 46138B103   2,127,990 85,256 SH   DFND   0 0 85,256
INVESCO ENERGY EXPLORATION & PRODUCTION ETF ETF DYNMC ENRG EXP 46137V761   3,428,537 105,461 SH   DFND   0 0 105,461
INVESCO S&P 500 BUYWRITE ETF S&P500 BUY WRT 46137V399   2,186,588 102,471 SH   DFND   0 0 102,471
GLOBAL X S&P 500 COVERED CALL ETF S&P 500 COVERED 37954Y475   1,838,175 47,266 SH   DFND   0 0 47,266
FIRST TRUST ETF III-FIRST TRUST LONG/SHORT EQUITY ETF LNG/SHT EQUITY 33739P103   2,436,077 45,834 SH   DFND   0 0 45,834
FIRST TRUST MLP AND ENERGY INCOME FUND COM 33739B104   2,591,340 327,603 SH   DFND   0 0 327,603
FIRST TRUST DORSEY WRIGHT DALI ETF VI 1 ETF DORSEYWRGT ETF 33738R712   2,242,887 90,512 SH   DFND   0 0 90,512
FIRST TRUST CLOUD COMPUTING ETF CLOUD COMPUTING 33734X192   1,876,419 24,719 SH   DFND   0 0 24,719
FIRST TRUST NATURAL GAS ETF NAT GAS ETF 33733E807   4,244,817 163,325 SH   DFND   0 0 163,325
NETLEASE CORPORATE REAL ESTATE ETF NETLEASE CORP 26922A248   1,702,302 78,925 SH   DFND   0 0 78,925
CROWN CASTLE INC. COM 22822V101   1,137,675 12,362 SH   DFND   0 0 12,362
ARES CAPITAL CORPORATION COM 04010L103   3,172,013 162,918 SH   DFND   0 0 162,918
AMERICAN TOWER CORPORATION COM 03027X100   1,651,242 10,041 SH   DFND   0 0 10,041
ABRDN GLOBAL DYNAMIC DIVIDEND COM 00302M106   11,691 1,350 SH   DFND   0 0 1,350
ROYAL CARIBBEAN CRUISES LTD. COM V7780T103   1,314,009 14,261 SH   DFND   0 0 14,261
VANECK SEMICONDUCTOR ETF SEMICONDUCTOR ET 92189F676   11,303,946 77,969 SH   DFND   0 0 77,969
COMMUNICATION SERVICES SELECT SECTOR SPDR FUND COMMUNICATION 81369Y852   15,997,113 243,970 SH   DFND   0 0 243,970
TECHNOLOGY SELECT SECTOR SPDR FUND TECHNOLOGY 81369Y803   11,429,527 69,722 SH   DFND   0 0 69,722
INDUSTRIAL SELECT SECTOR SPDR FUND SBI INT-INDS 81369Y704   4,629,822 45,668 SH   DFND   0 0 45,668
ENERGY SELECT SECTOR SPDR FUND ENERGY 81369Y506   1,828,138 20,225 SH   DFND   0 0 20,225
CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND SBI CONS DISCR 81369Y407   11,503,470 71,459 SH   DFND   0 0 71,459
HEALTH CARE SELECT SECTOR SPDR FUND SBI HEALTHCARE 81369Y209   8,188,636 63,606 SH   DFND   0 0 63,606
NVIDIA CORPORATION COM 67066G104   1,251,466 2,877 SH   DFND   0 0 2,877
COMCAST CORPORATION CL A 20030N101   1,348,557 30,414 SH   DFND   0 0 30,414
BOOKING HOLDINGS INC. COM 09857L108   1,409,365 457 SH   DFND   0 0 457
BAKER HUGHES COMPANY CL A 05722G100   1,392,632 39,429 SH   DFND   0 0 39,429
ISHARES CONVERTIBLE BOND ETF CONV BD ETF 46435G102   710,783 9,578 SH   DFND   0 0 9,578
ISHARES US TREASURY BOND ETF US TREAS BD ETF 46429B267   4,842,893 219,732 SH   DFND   0 0 219,732
INVESCO FUNDAMENTAL HIGH YIELD CORPORATE BOND ETF FNDMNTL HY CRP 46138E719   1,473,970 86,298 SH   DFND   0 0 86,298