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
CABOT OIL & GAS CORP COM 127097103 209 7,999 SH   SOLE   0 0 7,999
ESSEX PPTY TR INC COM 297178105 473 1,634 SH   SOLE   0 0 1,634
ISHARES TR COHEN STEER REIT 464287564 2,280 20,500 SH   SOLE   0 0 20,500
MICROSOFT CORP COM 594918104 472 4,000 SH   SOLE   0 0 4,000
OLD DOMINION FREIGHT LINE IN COM 679580100 585 4,050 SH   SOLE   0 0 4,050
INVESCO ACTIVELY MANAGD ETF OPTIMUM YIELD 46090F100 51,221 3,083,758 SH   SOLE   2,186,455 0 897,303
INVESCO QQQ TR UNIT SER 1 46090E103 2,605 14,499 SH   SOLE   0 0 14,499
ISHARES INC MSCI JPN ETF NEW 46434G822 752 13,750 SH   SOLE   0 0 13,750
ISHARES INC MSCI THAILND ETF 464286624 221 2,501 SH   SOLE   0 0 2,501
ISHARES MORNINGSTAR LARGE CAP MRNGSTR LG-CP ET 464287127 208 1,299 SH   SOLE   0 0 1,299
ISHARES TR CHINA LG-CAP ETF 464287184 536 12,100 SH   SOLE   0 0 12,100
ISHARES TR CORE MSCI EAFE 46432F842 365 6,000 SH   SOLE   0 0 6,000
ISHARES TR CORE S&P TTL STK 464287150 1,597 24,799 SH   SOLE   0 0 24,799
ISHARES TR CORE S&P US VLU 464287663 247 4,500 SH   SOLE   0 0 4,500
ISHARES TR MIN VOL USA ETF 46429B697 3,099 52,701 SH   SOLE   0 0 52,701
ISHARES TR NASDAQ BIOTECH 464287556 1,643 14,700 SH   SOLE   0 0 14,700
JPMORGAN CHASE & CO ALERIAN ML ETN 46625h365 20,369 798,474 SH   SOLE   622,542 0 175,932
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 392 7,500 SH   SOLE   0 0 7,500
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 228 2,000 SH   SOLE   0 0 2,000
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 729 13,000 SH   SOLE   0 0 13,000
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 1,559 26,800 SH   SOLE   0 0 26,800
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467x109 259 999 SH   SOLE   0 0 999
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,266 15,101 SH   SOLE   0 0 15,101
SPDR SERIES TRUST S&P BIOTECH 78464A870 1,222 13,500 SH   SOLE   0 0 13,500
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 732 19,001 SH   SOLE   0 0 19,001
VANECK VECTORS ETF TR AGRIBUSINESS ETF 92189F700 1,478 23,701 SH   SOLE   0 0 23,701
VANGUARD FTSE EUROPE ETF FTSE EUROPE ETF 922042874 25,141 468,965 SH   SOLE   329,174 0 139,791
VANGUARD GLOBAL EX US REAL EST GLB EX US ETF 922042676 31,138 522,712 SH   SOLE   403,496 0 119,216
VANGUARD GROUP DIV APP ETF 921908844 1,206 11,000 SH   SOLE   0 0 11,000
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 289 2,500 SH   SOLE   0 0 2,500
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 809 7,500 SH   SOLE   0 0 7,500
VANGUARD INDEX FDS MID CAP ETF 922908629 1,294 8,052 SH   SOLE   0 0 8,052
VANGUARD INDEX FDS REIT ETF 922908553 2,552 29,366 SH   SOLE   0 0 29,366
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 2,611 10,059 SH   SOLE   0 0 10,059
VANGUARD INDEX FDS SM CP VAL ETF 922908611 3,077 23,900 SH   SOLE   0 0 23,900
VANGUARD INDEX FDS SMALL CP ETF 922908751 1,086 7,108 SH   SOLE   0 0 7,108
VANGUARD INDEX FDS STK MRK ETF 922908769 57,027 394,075 SH   SOLE   258,861 0 135,214
VANGUARD INDEX FDS VALUE ETF 922908744 44,391 412,443 SH   SOLE   307,851 0 104,592
VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US 922042775 1,146 22,856 SH   SOLE   0 0 22,856
VANGUARD INTL EQUITY INDEX FD EMR MKT ETF 922042858 71,029 1,671,262 SH   SOLE   1,148,329 0 522,933
VANGUARD INTL EQUITY INDEX FD FTSE SMCAP ETF 922042718 26,088 250,531 SH   SOLE   170,175 0 80,356
VANGUARD INTL EQUITY INDEX FD TT WRLD ST ETF 922042742 2,736 37,391 SH   SOLE   0 0 37,391
VANGUARD WORLD FD MEGA GRWTH IND 921910816 249 2,001 SH   SOLE   0 0 2,001
VANGUARD WORLD FDS ENERGY ETF 92204a306 272 3,038 SH   SOLE   0 0 3,038
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 87,882 2,150,283 SH   SOLE   1,613,603 0 536,680
VANGUARD WORLD FDS HIGH DIV YLD 921946406 1,927 22,500 SH   SOLE   0 0 22,500
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 614 3,560 SH   SOLE   0 0 3,560
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 530 3,648 SH   SOLE   0 0 3,648
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 386 5,982 SH   SOLE   0 0 5,982
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 2,380 13,800 SH   SOLE   0 0 13,800
VANGUARD WORLD FDS INF TECH ETF 92204A702 496 2,474 SH   SOLE   0 0 2,474
VANGUARD WORLD FDS MATERIALS ETF 92204A801 714 5,800 SH   SOLE   0 0 5,800
VANGUARD WORLD FDS UTILITIES ETF 92204A876 647 4,995 SH   SOLE   0 0 4,995
GOLDMAN SACHS ETF TR ACCES TREASURY 381430529 12,867 128,327 SH   SOLE   0 0 128,327
ISHARES TR CORE US AGGBD ET 464287226 488 4,471 SH   SOLE   0 0 4,471
ISHARES TR NATIONAL MUN ETF 464288414 327 2,944 SH   SOLE   0 0 2,944
ISHARES TR SHRT NAT MUN ETF 464288158 35,551 335,383 SH   SOLE   13,704 0 321,679
SPDR SER TR BLOMBERG BRC INV 78468R200 11,422 372,044 SH   SOLE   31,538 0 340,506
SPDR SERIES TRUST PORTFOLIO SHORT 78464A474 14,693 480,949 SH   SOLE   331,674 0 149,275
SPDR SERIES TRUST BLOMBERG BRC INT 78464A334 19,379 633,907 SH   SOLE   249,888 0 384,019
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608 14,723 319,708 SH   SOLE   145,860 0 173,848
VANECK VECTORS ETF TR JP MORGAN MKTS 92189H300 2,193 65,730 SH   SOLE   0 0 65,730
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 3,491 62,591 SH   SOLE   0 0 62,591
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 14,314 294,052 SH   SOLE   156,551 0 137,501
VANGUARD WHITEHALL FDS INC EMERG MKT BD ETF 921946885 2,272 29,036 SH   SOLE   0 0 29,036