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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD Exchange Traded Fund 92206C409 20,884 252,491 SH   DFND 1 0 0 252,491
SELECT SECTOR SPDR TR FINANCIAL Exchange Traded Fund 81369Y605 17,574 478,964 SH   DFND 1 0 0 478,964
ISHARES TR CORE DIV GRWTH Exchange Traded Fund 46434V621 16,956 336,690 SH   DFND 1 0 0 336,690
FIRST TR EXCHANGE-TRADED FD RISNG DIVD ACHIV Exchange Traded Fund 33738R506 16,708 347,785 SH   DFND 1 0 0 347,785
SPDR S&P 500 ETF TR TR UNIT Exchange Traded Fund 78462F103 15,004 34,949 SH   DFND 1 0 0 34,949
ISHARES TR MSCI INTL QUALTY Exchange Traded Fund 46434V456 10,895 282,531 SH   DFND 1 0 0 282,531
ISHARES SILVER TR ISHARES Exchange Traded Fund 46428Q109 10,066 415,590 SH   DFND 1 0 0 415,590
SPDR GOLD TR GOLD SHS Exchange Traded Fund 78463V107 9,358 56,497 SH   DFND 1 0 0 56,497
VANGUARD SCOTTSDALE FDS VNG RUS1000GRW Exchange Traded Fund 92206C680 9,288 132,822 SH   DFND 1 0 0 132,822
VANGUARD SCOTTSDALE FDS VNG RUS1000VAL Exchange Traded Fund 92206C714 8,862 126,838 SH   DFND 1 0 0 126,838
SELECT SECTOR SPDR TR SBI INT-INDS Exchange Traded Fund 81369Y704 8,773 85,666 SH   DFND 1 0 0 85,666
SELECT SECTOR SPDR TR SBI CONS STPLS Exchange Traded Fund 81369Y308 7,588 108,445 SH   DFND 1 0 0 108,445
INVESCO EXCH TRADED FD TR II S&P500 LOW VOL Exchange Traded Fund 46138E354 7,386 121,246 SH   DFND 1 0 0 121,246
SELECT SECTOR SPDR TR SBI HEALTHCARE Exchange Traded Fund 81369Y209 6,693 53,133 SH   DFND 1 0 0 53,133
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP Exchange Traded Fund 78467Y107 6,512 13,261 SH   DFND 1 0 0 13,261
SELECT SECTOR SPDR TR ENERGY Exchange Traded Fund 81369Y506 6,479 120,257 SH   DFND 1 0 0 120,257
SELECT SECTOR SPDR TR TECHNOLOGY Exchange Traded Fund 81369Y803 6,241 42,263 SH   DFND 1 0 0 42,263
ISHARES TR 0-5 YR TIPS ETF Exchange Traded Fund 46429B747 6,139 57,746 SH   DFND 1 0 0 57,746
VANGUARD SCOTTSDALE FDS VNG RUS2000GRW Exchange Traded Fund 92206C623 6,076 26,758 SH   DFND 1 0 0 26,758
VANGUARD WORLD FDS INF TECH ETF Exchange Traded Fund 92204A702 5,994 15,029 SH   DFND 1 0 0 15,029
INVESCO EXCH TRADED FD TR II SR LN ETF Exchange Traded Fund 46138G508 4,345 196,151 SH   DFND 1 0 0 196,151
SELECT SECTOR SPDR TR SBI INT-UTILS Exchange Traded Fund 81369Y886 3,782 59,800 SH   DFND 1 0 0 59,800
VANGUARD WORLD FDS CONSUM DIS ETF Exchange Traded Fund 92204A108 3,313 10,550 SH   DFND 1 0 0 10,550
SPDR SER TR S&P OILGAS EXP Exchange Traded Fund 78468R556 2,921 30,205 SH   DFND 1 0 0 30,205
ISHARES TR CORE MSCI EAFE Exchange Traded Fund 46432F842 2,764 36,915 SH   DFND 1 0 0 36,915
VANGUARD WORLD FDS ENERGY ETF Exchange Traded Fund 92204A306 2,656 34,997 SH   DFND 1 0 0 34,997
SPDR DOW JONES INDL AVERAGE UT SER 1 Exchange Traded Fund 78467X109 2,558 7,405 SH   DFND 1 0 0 7,405
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC Exchange Traded Fund 92206C771 2,473 46,322 SH   DFND 1 0 0 46,322
FIRST TR EXCHANGE TRADED FD HLTH CARE ALPH Exchange Traded Fund 33734X143 2,463 21,027 SH   DFND 1 0 0 21,027
INVESCO EXCH TRADED FD TR II S&P500 HDL VOL Exchange Traded Fund 46138E362 2,351 53,319 SH   DFND 1 0 0 53,319
ISHARES TR MSCI USA MIN VOL Exchange Traded Fund 46429B697 2,248 30,539 SH   DFND 1 0 0 30,539
SPDR SER TR BLOOMBERG SRT TR Exchange Traded Fund 78468R408 2,197 79,641 SH   DFND 1 0 0 79,641
VANGUARD WORLD FDS UTILITIES ETF Exchange Traded Fund 92204A876 2,147 15,471 SH   DFND 1 0 0 15,471
INVESCO EXCHANGE TRADED FD T S&P500 EQL TEC Exchange Traded Fund 46137V282 2,038 7,023 SH   DFND 1 0 0 7,023
SPDR SER TR PORTFOLIO INTRMD Exchange Traded Fund 78464A375 1,993 54,290 SH   DFND 1 0 0 54,290
VANGUARD CHARLOTTE FDS INTL BD IDX ETF Exchange Traded Fund 92203J407 1,794 31,411 SH   DFND 1 0 0 31,411
SPDR SER TR PORTFOLIO AGRGTE Exchange Traded Fund 78464A649 1,782 59,357 SH   DFND 1 0 0 59,357
ISHARES S&P GSCI COMMODITY- UNIT BEN INT Exchange Traded Fund 46428R107 1,617 100,494 SH   DFND 1 0 0 100,494
VANGUARD SCOTTSDALE FDS VNG RUS2000VAL Exchange Traded Fund 92206C649 1,572 10,785 SH   DFND 1 0 0 10,785
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX Exchange Traded Fund 92206C664 1,553 16,738 SH   DFND 1 0 0 16,738
SPDR SER TR BLOOMBERG BRCLYS Exchange Traded Fund 78468R622 1,521 13,825 SH   DFND 1 0 0 13,825
INVESCO EXCH TRADED FD TR II FNDMNTL HY CRP Exchange Traded Fund 46138E719 1,429 73,097 SH   DFND 1 0 0 73,097
SPDR INDEX SHS FDS DJ INTL RL ETF Exchange Traded Fund 78463X863 1,394 37,937 SH   DFND 1 0 0 37,937
SELECT SECTOR SPDR TR SBI CONS DISCR Exchange Traded Fund 81369Y407 1,356 7,591 SH   DFND 1 0 0 7,591
ALPS ETF TR ALERIAN MLP Exchange Traded Fund 00162Q452 1,229 33,742 SH   DFND 1 0 0 33,742
INVESCO EXCH TRADED FD TR II NATL AMT MUNI Exchange Traded Fund 46138E537 1,206 44,237 SH   DFND 1 0 0 44,237
INVESCO EXCH TRADED FD TR II PFD ETF Exchange Traded Fund 46138E511 1,202 78,411 SH   DFND 1 0 0 78,411
ISHARES TR US TREAS BD ETF Exchange Traded Fund 46429B267 1,138 42,754 SH   DFND 1 0 0 42,754
VANGUARD WORLD FDS INDUSTRIAL ETF Exchange Traded Fund 92204A603 1,071 5,449 SH   DFND 1 0 0 5,449
SPDR SER TR S&P DIVID ETF Exchange Traded Fund 78464A763 1,050 8,584 SH   DFND 1 0 0 8,584
VANGUARD WORLD FDS MATERIALS ETF Exchange Traded Fund 92204A801 1,038 5,737 SH   DFND 1 0 0 5,737
ISHARES INC CORE MSCI EMKT Exchange Traded Fund 46434G103 1,037 15,475 SH   DFND 1 0 0 15,475
VANECK VECTORS ETF TR SEMICONDUCTOR ET Exchange Traded Fund 92189F676 964 3,674 SH   DFND 1 0 0 3,674
ISHARES TR CORE HIGH DV ETF Exchange Traded Fund 46429B663 889 9,207 SH   DFND 1 0 0 9,207
INVESCO EXCHANGE TRADED FD T S&P500 EQL STP Exchange Traded Fund 46137V373 855 5,305 SH   DFND 1 0 0 5,305
WISDOMTREE TR US LARGECAP DIVD Exchange Traded Fund 97717W307 771 6,400 SH   DFND 1 0 0 6,400
WISDOMTREE TR EM EX ST-OWNED Exchange Traded Fund 97717X578 758 17,997 SH   DFND 1 0 0 17,997
SPDR SER TR PORTFLI TIPS ETF Exchange Traded Fund 78464A656 744 23,868 SH   DFND 1 0 0 23,868
VANGUARD WORLD FDS HEALTH CAR ETF Exchange Traded Fund 92204A504 723 2,923 SH   DFND 1 0 0 2,923
SPDR SER TR PRTFLO S&P500 VL Exchange Traded Fund 78464A508 623 15,737 SH   DFND 1 0 0 15,737
VANGUARD WORLD FDS COMM SRVC ETF Exchange Traded Fund 92204A884 604 4,198 SH   DFND 1 0 0 4,198
ISHARES TR MSCI USA QLT FCT Exchange Traded Fund 46432F339 563 4,234 SH   DFND 1 0 0 4,234
INVESCO DB COMMDY INDX TRCK UNIT Exchange Traded Fund 46138B103 539 27,969 SH   DFND 1 0 0 27,969
FIRST TR EXCHANGE TRADED FD WTR ETF Exchange Traded Fund 33733B100 470 5,620 SH   DFND 1 0 0 5,620
INVESCO EXCH TRADED FD TR II DWA SMLCP MENT Exchange Traded Fund 46138E842 463 5,152 SH   DFND 1 0 0 5,152
ISHARES TR MSCI USA SMCP MN Exchange Traded Fund 46435G433 446 11,719 SH   DFND 1 0 0 11,719
SELECT SECTOR SPDR TR SBI MATERIALS Exchange Traded Fund 81369Y100 422 5,125 SH   DFND 1 0 0 5,125
ISHARES TR MSCI EAFE MIN VL Exchange Traded Fund 46429B689 397 5,245 SH   DFND 1 0 0 5,245
SPDR SER TR COMP SOFTWARE Exchange Traded Fund 78464A599 293 1,704 SH   DFND 1 0 0 1,704
ISHARES TR MSCI USA MMENTM Exchange Traded Fund 46432F396 269 1,546 SH   DFND 1 0 0 1,546
GLOBAL X FDS US INFR DEV ETF Exchange Traded Fund 37954Y673 250 9,685 SH   DFND 1 0 0 9,685
VANECK VECTORS ETF TR AGRIBUSINESS ETF Exchange Traded Fund 92189F700 242 2,653 SH   DFND 1 0 0 2,653
FLEXSHARES TR MORNSTAR UPSTR Exchange Traded Fund 33939L407 228 5,931 SH   DFND 1 0 0 5,931
SPDR SER TR PORTFOLIO LN TSR Exchange Traded Fund 78464A664 218 5,256 SH   DFND 1 0 0 5,256
INVESCO DB MULTI-SECTOR COMM OIL FD Exchange Traded Fund 46140H403 217 16,830 SH   DFND 1 0 0 16,830