BTS Asset Management 13F-HR Quarterly holdings report by institutional manager

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

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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
Alerian MLP ETF	ETF	00162Q452	550,548	14,247	SH		SOLE		0	0	0
ALPS Sector Dividend Dogs ETF	ETF	00162Q858	263,526	5,147	SH		SOLE		0	0	0
Global SuperDividend US ETF	ETF	37950E291	248,105	14,218	SH		SOLE		0	0	0
Invesco S&P 500 High Dividend Low Volatility ETF	ETF	46138E362	374,234	8,866	SH		SOLE		0	0	0
Invesco CEF Income Composite ETF	ETF	46138E404	404,076	22,177	SH		SOLE		0	0	0
Invesco Variable Rate Preferred ETF	ETF	46138G870	399,442	18,034	SH		SOLE		0	0	0
iShares 1-3 Year Treasury Bond ETF	ETF	464287457	44,705,810	544,131	SH		SOLE		0	0	0
iShares Agency Bond ETF	ETF	464288166	270,683	2,501	SH		SOLE		0	0	0
iShares JP Morgan USD Emerging Markets Bond ETF	ETF	464288281	271,639	3,148	SH		SOLE		0	0	0
iShares National Muni Bond ETF	ETF	464288414	867,630	8,053	SH		SOLE		0	0	0
iShares International Select Dividend ETF	ETF	464288448	538,137	19,576	SH		SOLE		0	0	0
iShares Residential and Multisector Real Estate ETF	ETF	464288562	274,076	3,881	SH		SOLE		0	0	0
iShares MBS ETF	ETF	464288588	546,709	5,771	SH		SOLE		0	0	0
iShares 3-7 Year Treasury Bond ETF	ETF	464288661	94,839,930	806,289	SH		SOLE		0	0	0
iShares US Treasury Bond ETF	ETF	46429B267	273,032	11,678	SH		SOLE		0	0	0
iShares Floating Rate Bond ETF	ETF	46429B655	402,609	7,990	SH		SOLE		0	0	0
iShares Treasury Floating Rate Bond ETF	ETF	46434V860	539,313	10,660	SH		SOLE		0	0	0
iShares Mortgage Real Estate ETF	ETF	46435G342	249,304	11,415	SH		SOLE		0	0	0
iShares Broad USD High Yield Corporate Bond ETF	ETF	46435U853	961,130	27,036	SH		SOLE		0	0	0
JPMorgan Equity Premium Income ETF	ETF	46641Q332	514,933	9,431	SH		SOLE		0	0	0
JPMorgan Nasdaq Equity Premium Income ETF	ETF	46654Q203	588,009	13,041	SH		SOLE		0	0	0
Janus Henderson AAA CLO ETF	ETF	47103U845	675,805	13,650	SH		SOLE		0	0	0
SPDR Nuveen Bloomberg High Yield Municipal Bond ETF	ETF	78464A284	411,558	16,436	SH		SOLE		0	0	0
SPDR Bloomberg Convertible Securities ETF	ETF	78464A359	417,784	6,229	SH		SOLE		0	0	0
SPDR Blackstone Senior Loan ETF	ETF	78467V608	540,064	13,026	SH		SOLE		0	0	0
SPDR Portfolio High Yield Bond ETF	ETF	78468R606	688,848	29,976	SH		SOLE		0	0	0
VanEck International High Yield Bond ETF	ETF	92189F445	409,767	20,356	SH		SOLE		0	0	0
Vanguard Total Bond Market ETF	ETF	921937835	10,029,812	135,850	SH		SOLE		0	0	0
Vanguard Intermediate-Term Corporate Bond ETF	ETF	92206C870	827,618	10,317	SH		SOLE		0	0	0
iShares MSCI Emerging Markets ETF	ETF	464287234	1,382,326	35,031	SH		SOLE		0	0	0
iShares US Industrial ETF	ETF	464287754	477,509	4,767	SH		SOLE		0	0	0
Vanguard Small Cap Value Index Fund ETF	ETF	922908611	1,139,308	7,176	SH		SOLE		0	0	0
Vanguard Information Technology Index Fund ETF	ETF	92204A702	280,118	727	SH		SOLE		0	0	0
Vanguard Utilities Index Fund ETF	ETF	92204A876	224,040	1,519	SH		SOLE		0	0	0
Vanguard Dividend Appreciation Index Fund ETF	ETF	921908844	3,115,557	20,230	SH		SOLE		0	0	0
Vanguard Financials Index Fund ETF	ETF	92204A405	648,192	8,322	SH		SOLE		0	0	0
Vanguard Health Care Index Fund ETF	ETF	92204A504	447,323	1,876	SH		SOLE		0	0	0
iShares 0-3 Month Treasury Bond ETF	ETF	46436E718	492,842	4,900	SH		SOLE		0	0	0
SPDR Bloomberg 1-3 Month T-Bill ETF	ETF	78468R663	1,035,362	11,276	SH		SOLE		0	0	0
Vanguard Intermediate-Term Treasury ETF	ETF	92206C706	3,035,295	50,622	SH		SOLE		0	0	0
SPDR Gold Shares ETF	ETF	78463V107	201,298	1,099	SH		SOLE		0	0	0
Vanguard Consumer Staples Index Fund ETF	ETF	92204A207	234,459	1,212	SH		SOLE		0	0	0