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	393,972	8,305	SH		SOLE		0	0	0
Xtrackers USD High Yield Corporate Bond ETF	ETF	233051432	73,249,596	2,050,270	SH		SOLE		0	0	0
Invesco Global Listed Private Equity ETF	ETF	46137V118	195,428	2,964	SH		SOLE		0	0	0
Invesco CEF Income Composite ETF	ETF	46138E404	460,830	24,453	SH		SOLE		0	0	0
Invesco Senior Loan ETF	ETF	46138G508	178,032	8,419	SH		SOLE		0	0	0
Invesco Variable Rate Preferred ETF	ETF	46138G870	364,581	15,337	SH		SOLE		0	0	0
iShares 20plus Year Treasury Bond ETF	ETF	464287432	439,793	4,648	SH		SOLE		0	0	0
iShares US Real Estate ETF	ETF	464287739	176,386	1,963	SH		SOLE		0	0	0
iShares JP Morgan USD Emerging Markets Bond ETF	ETF	464288281	183,524	2,046	SH		SOLE		0	0	0
iShares iBoxx High Yield Corporate Bond ETF	ETF	464288513	1,987,323	25,567	SH		SOLE		0	0	0
iShares National Muni Bond ETF	ETF	464288414	265,590	2,468	SH		SOLE		0	0	0
iShares Floating Rate Bond ETF	ETF	46429B655	358,464	7,020	SH		SOLE		0	0	0
iShares Treasury Floating Rate Bond ETF	ETF	46434V860	803,796	15,857	SH		SOLE		0	0	0
iShare Mortgage Real Estate ETF	ETF	46435G342	87,622	3,772	SH		SOLE		0	0	0
iShares Broad USD High Yield Corporate Bond ETF	ETF	46435U853	864,805	23,635	SH		SOLE		0	0	0
JPMorgan Ultra-Short Income ETF	ETF	46641Q837	357,224	7,081	SH		SOLE		0	0	0
Janus Henderson B-BBB CLO ETF	ETF	47103U753	361,354	7,391	SH		SOLE		0	0	0
SPDR Bloomberg International Corporate Bond ETF	ETF	78464A151	440,419	15,127	SH		SOLE		0	0	0
SPDR Nuveen Bloomberg High Yield Municipal Bond ETF	ETF	78464A284	180,760	7,036	SH		SOLE		0	0	0
SPDR Bloomberg Convertible Securities ETF	ETF	78464A359	5,686,166	77,813	SH		SOLE		0	0	0
SPDR Bloomberg International Treasury Bond ETF	ETF	78464A516	261,654	11,764	SH		SOLE		0	0	0
SPDR Bloomberg High Yield Bond ETF	ETF	78468R622	22,292,541	234,068	SH		SOLE		0	0	0
SPDR Dow Jones Industrial Average ETF	ETF	78467X109	1,910,450	4,805	SH		SOLE		0	0	0
SPDR Gold Shares ETF	ETF	78463V107	364,367	1,794	SH		SOLE		0	0	0
Energy Select Sector SPDR Fund	ETF	81369Y506	102,976	1,091	SH		SOLE		0	0	0
VanEck International High Yield Bond ETF	ETF	92189F445	89,037	4,303	SH		SOLE		0	0	0
VanEck High Yield Muni ETF	ETF	92189H409	5,907,051	113,093	SH		SOLE		0	0	0
Vanguard Total Bond Market ETF	ETF	921937835	1,088,085	14,963	SH		SOLE		0	0	0
iShares MSCI Emerging Markets ETF	ETF	464287234	152,611	3,729	SH		SOLE		0	0	0
iShares US Industrial ETF	ETF	464287754	171,569	1,369	SH		SOLE		0	0	0
Vanguard Financials ETF	ETF	92204A405	186,907	1,830	SH		SOLE		0	0	0
Vanguard Industrials ETF	ETF	92204A603	99,816	409	SH		SOLE		0	0	0
Vanguard Intermediate Term Corporate Bond ETF	ETF	92206C870	177,802	2,208	SH		SOLE		0	0	0
Vanguard Small Cap Value Index Fund ETF	ETF	922908611	327,657	1,716	SH		SOLE		0	0	0
Vanguard Dividend Appreciation Index Fund ETF	ETF	921908844	555,377	3,045	SH		SOLE		0	0	0
Vanguard Health Care Index Fund ETF	ETF	92204A504	166,728	616	SH		SOLE		0	0	0