UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| Invesco Senior Loan ETF | SR LN ETF | 46138G508 | 14,035,540 | 683,660 | SH | SOLE | 683,660 | 0 | 0 | ||
| IShares Broad USD High Yield Corporate Bond ETF | BROAD USD HIGH | 46435U853 | 5,604,737 | 162,315 | SH | SOLE | 162,315 | 0 | 0 | ||
| iShares JPMorgan USD Emerging Markets Bond ETF | JPMORGAN USD EMG | 464288281 | 3,197,502 | 37,800 | SH | SOLE | 37,800 | 0 | 0 | ||
| ISHARES NATIONAL MUNI BOND ETF | NATIONAL MUN ETF | 464288414 | 9,412,384 | 89,200 | SH | SOLE | 89,200 | 0 | 0 | ||
| iShares TIPS Bond ETF | TIPS BD ETF | 464287176 | 12,775,142 | 120,022 | SH | SOLE | 120,022 | 0 | 0 | ||
| Spdr Bloomberg Barclays Convertible | BBG CONV SEC ETF | 78464A359 | 1,009,688 | 15,693 | SH | SOLE | 15,693 | 0 | 0 | ||
| SPDR BLOOMBERG BARCLAYS SHORT TERM HIGH YIELD BOND | BLOOMBERG SHT TE | 78468R408 | 8,411,280 | 347,000 | SH | SOLE | 347,000 | 0 | 0 | ||
| Vaneck Vectors Emerging Market High Yield Bond ETF | EMERGING MRKT HI | 92189F353 | 5,271,413 | 289,479 | SH | SOLE | 289,479 | 0 | 0 | ||
| Vanguard Emerging Markets Government Bond Fund ETF | EM MK GOV BD ETF | 921946885 | 4,632,834 | 75,973 | SH | SOLE | 75,973 | 0 | 0 | ||
| Vanguard Mortgage-Backed Securities ETF | MTG-BKD SECS ETF | 92206C771 | 6,821,400 | 149,855 | SH | SOLE | 149,855 | 0 | 0 | ||
| VANGUARD REAL ESTATE ETF | REAL ESTATE ETF | 922908553 | 831,976 | 10,087 | SH | SOLE | 10,087 | 0 | 0 | ||
| Vanguard Short-Term Inflation-Protected | STRM INFPROIDX | 922020805 | 12,392,163 | 265,300 | SH | SOLE | 265,300 | 0 | 0 | ||