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
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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
Invesco Senior Loan ETF INVESCO EXCH TRADED FD TR II 46138G508   15,355,497 729,824 SH   SOLE   729,824 0 0
iShares TIPS Bond ETF ISHARES TR 464287176   9,880,700 91,811 SH   SOLE   91,811 0 0
iShares JPMorgan USD Emerging Markets Bond ETF ISHARES TR 464288281   4,318,346 49,900 SH   SOLE   49,900 0 0
ISHARES NATIONAL MUNI BOND ETF ISHARES TR 464288414   9,566,530 89,633 SH   SOLE   89,633 0 0
ISHARES S&P US PREFERRED STOCK INDEX FUND ISHARES TR 464288687   1,302,153 42,100 SH   SOLE   42,100 0 0
IShares Broad USD High Yield Corporate Bond ETF ISHARES TR 46435U853   5,945,050 168,415 SH   SOLE   168,415 0 0
Spdr Bloomberg Barclays Convertible SPDR SER TR 78464A359   2,244,905 32,093 SH   SOLE   32,093 0 0
SPDR BLOOMBERG BARCLAYS SHORT TERM HIGH YIELD BOND SPDR SER TR 78468R408   9,366,240 379,200 SH   SOLE   379,200 0 0
Vaneck Vectors Emerging Market High Yield Bond ETF VANECK ETF TRUST 92189F353   5,826,555 318,391 SH   SOLE   318,391 0 0
Vanguard Emerging Markets Government Bond Fund ETF VANGUARD WHITEHALL FDS 921946885   5,583,938 89,673 SH   SOLE   89,673 0 0
Vanguard Short-Term Inflation-Protected VANGUARD MALVERN FDS 922020805   12,228,670 257,880 SH   SOLE   257,880 0 0
Vanguard Mortgage-Backed Securities ETF VANGUARD SCOTTSDALE FDS 92206C771   9,876,582 214,755 SH   SOLE   214,755 0 0
VANGUARD REAL ESTATE ETF VANGUARD INDEX FDS 922908553   926,430 11,087 SH   SOLE   11,087 0 0