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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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
Alerian MLP ETF	ETF	00162Q452	587,181	13,913	SH		SOLE		0	0	0
ALPS Sector Dividend Dogs ETF	ETF	00162Q858	243,851	5,185	SH		SOLE		0	0	0
Xtrackers USD High Yield Corporate Bond ETF	ETF	233051432	59,178,410	1,743,883	SH		SOLE		0	0	0
Invesco CEF Income Composite ETF	ETF	46138E404	397,553	23,250	SH		SOLE		0	0	0
Invesco Variable Rate Preferred ETF	ETF	46138G870	547,139	24,459	SH		SOLE		0	0	0
iShares 0-3 Month Treasury Bond ETF	ETF	46436E718	449,995	4,470	SH		SOLE		0	0	0
iShares Agency Bond ETF	ETF	464288166	387,800	3,665	SH		SOLE		0	0	0
iShares iBoxx High Yield Corporate Bond ETF	ETF	464288513	2,353,880	31,930	SH		SOLE		0	0	0
iShares JP Morgan USD Emerging Markets Bond ETF	ETF	464288281	257,552	3,121	SH		SOLE		0	0	0
iShares National Muni Bond ETF	ETF	464288414	870,257	8,487	SH		SOLE		0	0	0
iShares MBS ETF	ETF	464288588	373,898	4,210	SH		SOLE		0	0	0
iShares US Treasury Bond ETF	ETF	46429B267	631,684	28,661	SH		SOLE		0	0	0
iShares Floating Rate Bond ETF	ETF	46429B655	409,653	8,050	SH		SOLE		0	0	0
iShares Treasury Floating Rate Bond ETF	ETF	46434V860	543,831	10,718	SH		SOLE		0	0	0
iShares Mortgage Real Estate ETF	ETF	46435G342	276,827	12,392	SH		SOLE		0	0	0
iShares Broad USD High Yield Corporate Bond ETF	ETF	46435U853	681,763	19,640	SH		SOLE		0	0	0
JPMorgan Equity Premium Income ETF	ETF	46641Q332	647,862	12,096	SH		SOLE		0	0	0
JPMorgan Nasdaq Equity Premium Income ETF	ETF	46654Q203	721,052	15,365	SH		SOLE		0	0	0
Janus Henderson AAA CLO ETF	ETF	47103U845	689,942	13,708	SH		SOLE		0	0	0
ProShares S&P 500 Dividend Aristocrats ETF	ETF	74348A467	385,281	4,351	SH		SOLE		0	0	0
SPDR Nuveen Bloomberg High Yield Municipal Bond ETF	ETF	78464A284	382,829	16,076	SH		SOLE		0	0	0
SPDR Bloomberg Convertible Securities ETF	ETF	78464A359	415,429	6,127	SH		SOLE		0	0	0
SPDR Blackstone Senior Loan ETF	ETF	78467V608	533,811	12,731	SH		SOLE		0	0	0
SPDR Bloomberg Short Term High Yield Bond ETF	ETF	78468R408	12,495,807	510,714	SH		SOLE		0	0	0
SPDR Portfolio High Yield Bond ETF	ETF	78468R606	399,706	17,827	SH		SOLE		0	0	0
SPDR Bloomberg High Yield Bond ETF	ETF	78468R622	59,040,225	652,966	SH		SOLE		0	0	0
VanEck International High Yield Bond ETF	ETF	92189F445	261,836	13,379	SH		SOLE		0	0	0
Vanguard Total Bond Market ETF	ETF	921937835	5,366,353	76,878	SH		SOLE		0	0	0
Vanguard Short-Term Treasury ETF	ETF	92206C102	386,150	6,704	SH		SOLE		0	0	0
Vanguard Intermediate-Term Corporate Bond ETF	ETF	92206C870	888,095	11,688	SH		SOLE		0	0	0
iShares MSCI Emerging Markets ETF	ETF	464287234	617,928	16,295	SH		SOLE		0	0	0
iShares US Industrial ETF	ETF	464287754	238,124	2,358	SH		SOLE		0	0	0
Vanguard Small Cap Value Index Fund ETF	ETF	922908611	546,692	3,416	SH		SOLE		0	0	0
Vanguard Dividend Appreciation Index Fund ETF	ETF	921908844	1,678,427	10,752	SH		SOLE		0	0	0
Vanguard Financials Index Fund ETF	ETF	92204A405	368,753	4,559	SH		SOLE		0	0	0
Vanguard Health Care Index Fund ETF	ETF	92204A504	242,187	1,023	SH		SOLE		0	0	0