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
Expires: July 31, 2015
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALPS ETF TR ALERIAN MLP 00162Q452 1,466,418 38,519 SH DFND 0 0 38,519
FIRST TR EXCHANGE TRADED FD TECH ALPHADEX 33734X176 2,737,711 29,904 SH DFND 0 0 29,904
INVESCO EXCH TRD SLF IDX FD BULSHS 2024 CB 46138J841 23,659,261 1,154,950 SH DFND 0 0 1,154,950
INVESCO EXCHANGE TRADED FD T S&P500 EQL TEC 46137V282 3,443,512 14,172 SH DFND 0 0 14,172
ISHARES TR SHORT TREAS BD 464288679 17,316,467 157,537 SH DFND 0 0 157,537
ISHARES TR FLTG RATE NT ETF 46429B655 35,471,863 704,786 SH DFND 0 0 704,786
ISHARES TR CORE HIGH DV ETF 46429B663 532,979 5,113 SH DFND 0 0 5,113
ISHARES TR ISHS 1-5YR INVS 464288646 2,766,404 55,528 SH DFND 0 0 55,528
ISHARES U S ETF TR BLACKROCK ST MAT 46431W507 5,537,800 112,397 SH DFND 0 0 112,397
ISHARES U S ETF TR INT RT HDG C B 46431W705 13,441,566 148,542 SH DFND 0 0 148,542
JANUS DETROIT STR TR HENDRSON AAA CL 47103U845 32,198,010 653,634 SH DFND 0 0 653,634
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 1,961,255 40,868 SH DFND 0 0 40,868
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,615,919 26,617 SH DFND 0 0 26,617
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 1,852,865 24,854 SH DFND 0 0 24,854
SELECT SECTOR SPDR TR ENERGY 81369Y506 1,193,878 13,649 SH DFND 0 0 13,649
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 562,713 7,244 SH DFND 0 0 7,244
SPDR SER TR PORTFOLIO SHORT 78464A474 34,892,397 1,187,624 SH DFND 0 0 1,187,624
SPDR SER TR PORTFOLI S&P1500 78464A805 13,000,976 274,920 SH DFND 0 0 274,920
SPDR SER TR BLOOMBERG INVT 78468R200 45,892,114 1,510,106 SH DFND 0 0 1,510,106
SPDR SER TR BLOOMBERG 1-3 MO 78468R663 44,981,762 491,765 SH DFND 0 0 491,765
SPDR SER TR PORTFOLIO S&P500 78464A854 28,240,045 627,836 SH DFND 0 0 627,836
VICTORY PORTFOLIOS II VCTRYSHS USAA CR 92647N535 12,371,146 254,341 SH DFND 0 0 254,341