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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
VanEck Vectors High-Yield Muni VANECK HIGH-YIELD MUNICIPAL 92189H409 600 9,603 SH   SOLE   9,603 0 0
SPDR Nuveen Bloomberg Barclays SPDR NUVEEN BLOOMBERG H/Y M 78464A284 602 10,027 SH   SOLE   10,027 0 0
SPDR SER TR BLOOMBERG SRT TR 78468R408 12,771 470,389 SH   SOLE   470,389 0 0
VanEck VANECK FALLEN ANGEL HIGH YLD 92189F437 7,784 236,106 SH   SOLE   236,106 0 0