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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508   647,113 30,553 SH   DFND 1 0 0 30,553
ISHARES TR 10-20 YR TRS ETF 464288653   6,507,896 59,462 SH   DFND 1 0 0 59,462
ISHARES TR 7-10 YR TRSY BD 464287440   610,631 6,335 SH   DFND 1 0 0 6,335
ISHARES TR CORE MSCI EAFE 46432F842   45,607,873 646,567 SH   DFND 1 0 0 646,567
ISHARES INC CORE MSCI EMKT 46434G103   27,784,827 496,541 SH   DFND 1 0 0 496,541
ISHARES TR CORE US AGGBD ET 464287226   38,103,559 376,614 SH   DFND 1 0 0 376,614
ISHARES TR FALN ANGLS USD 46435G474   575,705 21,807 SH   DFND 1 0 0 21,807
ISHARES TR INTRM GOV CR ETF 464288612   55,381,976 528,656 SH   DFND 1 0 0 528,656
ISHARES TR JPMORGAN USD EMG 464288281   306,723 3,444 SH   DFND 1 0 0 3,444
ISHARES TR MBS ETF 464288588   337,747 3,590 SH   DFND 1 0 0 3,590
ISHARES TR MSCI ACWI ETF 464288257   552,916 5,433 SH   DFND 1 0 0 5,433
ISHARES TR EAFE SML CP ETF 464288273   5,320,592 86,793 SH   DFND 1 0 0 86,793
ISHARES TR EAFE VALUE ETF 464288877   677,196 12,998 SH   DFND 1 0 0 12,998
ISHARES TR MSCI USA MIN VOL 46429B697   680,880 6,912 SH   DFND 1 0 0 6,912
ISHARES TR NATIONAL MUN ETF 464288414   23,605,254 204,592 SH   DFND 1 0 0 204,592
ISHARES TR RUS 1000 VAL ETF 464287598   390,321 2,362 SH   DFND 1 0 0 2,362
ISHARES TR RUS MD CP GR ETF 464287481   12,731,814 114,955 SH   DFND 1 0 0 114,955
ISHARES TR RUS MDCP VAL ETF 464287473   22,669,429 190,552 SH   DFND 1 0 0 190,552
ISHARES TR RUS TP200 GR ETF 464289438   71,386,257 406,249 SH   DFND 1 0 0 406,249
ISHARES TR RUS TP200 VL ETF 464289420   49,350,991 693,005 SH   DFND 1 0 0 693,005
ISHARES TR S&P MC 400VL ETF 464287705   564,954 4,954 SH   DFND 1 0 0 4,954
ISHARES TR S&P SML 600 GWT 464287887   213,113 1,703 SH   DFND 1 0 0 1,703
J P MORGAN EXCHANGE TRADED F US QUALTY FCTR 46641Q761   20,036,596 413,740 SH   DFND 1 0 0 413,740
J P MORGAN EXCHANGE TRADED F US VALUE FACTR 46641Q753   19,935,317 504,547 SH   DFND 1 0 0 504,547
PROSHARES TR DJ BRKFLD GLB 74347B508   5,210,862 113,069 SH   DFND 1 0 0 113,069
SPDR SER TR BLOOMBERG HIGH Y 78468R622   3,193,711 33,677 SH   DFND 1 0 0 33,677
SPDR S&P 500 ETF TR TR UNIT 78462F103   271,402 571 SH   DFND 1 0 0 571
VANECK ETF TRUST INTRMDT MUNI ETF 92189H201   295,160 6,276 SH   DFND 1 0 0 6,276
VANECK ETF TRUST JP MRGAN EM LOC 92189H300   4,319,375 164,348 SH   DFND 1 0 0 164,348
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676   1,850,991 43,461 SH   DFND 1 0 0 43,461
VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406   737,093 6,603 SH   DFND 1 0 0 6,603
VANGUARD WHITEHALL FDS INTL HIGH ETF 921946794   1,122,351 16,880 SH   DFND 1 0 0 16,880
VANGUARD INDEX FDS REAL ESTATE ETF 922908553   10,744,426 144,238 SH   DFND 1 0 0 144,238
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664   9,368,268 137,822 SH   DFND 1 0 0 137,822
VANGUARD SCOTTSDALE FDS VNG RUS2000GRW 92206C623   523,301 2,851 SH   DFND 1 0 0 2,851
VANGUARD SCOTTSDALE FDS VNG RUS2000VAL 92206C649   1,045,838 7,657 SH   DFND 1 0 0 7,657
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835   235,286 3,199 SH   DFND 1 0 0 3,199