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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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
ISHARES TR IBOXX INV CP ETF 464287242 459,814 4,195 SH OTR 0 4,195 0
ISHARES TR IBOXX HI YD ETF 464288513 1,971,731 24,448 SH OTR 0 24,448 0
SPDR SERIES TRUST PORTFOLIO LN TSR 78464A664 4,306 162 SH OTR 0 162 0
SPDR SERIES TRUST PORT MTG BK ETF 78464A383 2,939 133 SH OTR 0 133 0
SPDR SERIES TRUST PORTFOLIO CRPORT 78464A144 6,195 212 SH OTR 0 212 0
ISHARES TR FLTG RATE NT ETF 46429B655 1,147,950 22,500 SH OTR 0 22,500 0
VANGUARD SCOTTSDALE FDS INTER TERM TREAS 92206C706 897 15 SH OTR 0 15 0
SPDR SERIES TRUST PORTFOLIO SHORT 78464A474 2,174 72 SH OTR 0 72 0
SPDR SERIES TRUST PORTFOLIO SH TSR 78468R101 264 9 SH OTR 0 9 0
SPDR SERIES TRUST BLOOMBERG SHT TE 78468R408 916,261 35,960 SH OTR 0 35,960 0
SSGA ACTIVE ETF TR BLACKSTONE SENR 78467V608 1,111,493 26,725 SH OTR 0 26,725 0
VIRTUS ETF TR II VIRTUS NEWFLEET 92790A207 24,773,414 1,134,049 SH OTR 0 1,134,049 0
TALOS ENERGY INC COM 87484T108 25,211 2,973 SH OTR 0 2,973 0
SPDR SERIES TRUST BLOOMBERG HIGH Y 78468R622 1,877,992 19,307 SH OTR 0 19,307 0
VIRTUS ETF TR II SEIX SR LN ETF 92790A405 2,921 124 SH OTR 0 124 0
JANUS DETROIT STR TR HENDRSON AAA CL 47103U845 1,142,383 22,510 SH OTR 0 22,510 0
VIRTUS ETF TR II NEWFLEET ABS MBS 92790A603 32,443,267 1,321,518 SH OTR 0 1,321,518 0
PGIM ETF TR AAA CLO ETF 69344A834 1,139,875 22,155 SH OTR 0 22,155 0
VIRTUS ETF TR II NEWFLEET SHORT D 92790A884 13,429 518 SH OTR 0 518 0
VIRTUS ETF TR II STONE HARBOR EMG 92790A801 1,132 42 SH OTR 0 42 0
ETFIS SER TR I VIRTUS NEWFLEET 26923G707 4,087 179 SH OTR 0 179 0
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508 2,258,523 107,960 SH OTR 0 107,960 0
J P MORGAN EXCHANGE TRADED F USD EMRNG MKT 46641Q746 896 23 SH OTR 0 23 0
SANDRIDGE ENERGY INC COM NEW 80007P869 2,813 260 SH OTR 0 260 0
VIRTUS ETF TR II SEIX SR LN ETF 92790A405 26,850,931 1,139,683 SH OTR 0 1,139,683 0
SUMMIT MIDSTREAM CORPORATION COM 86614G101 2,937,443 119,749 SH OTR 0 119,749 0
CABLE ONE INC NOTE 1.125% 3/1 12685JAG0 10,987,668 14,410,000 PRN OTR 0 14,410,000 0