Astor Investment 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
ISHARES TR IBOXX INV CP ETF	COM	464287242	51,371	381,942	SH		DFND		70,799	0	311,143
ISHARES TR SHORT TREAS BD	COM	464288679	47,312	427,243	SH		DFND		72,766	0	354,477
ISHARES TR CORE SandP TTL STK	COM	464287150	43,218	622,385	SH		DFND		102,935	0	519,450
J P MORGAN EXCHANGE-TRADED FD ULTRA SHRT INC	COM	46641Q837	40,863	805,507	SH		DFND		136,695	0	668,812
SPDR SER TR SPDR BLOOMBERG	COM	78468R663	36,462	398,364	SH		DFND		80,182	0	318,182
SPDR SER TR PORTFOLIO SH TSR	COM	78468R101	28,483	927,193	SH		DFND		173,377	0	753,816
INVESCO QQQ TR UNIT SER 1	COM	46090E103	24,741	99,926	SH		DFND		15,722	0	84,204
ISHARES TR SH TR CRPORT ETF	COM	464288646	22,926	419,051	SH		DFND		73,602	0	345,449
SPDR GOLD TR GOLD SHS	COM	78463V107	22,921	136,953	SH		DFND		23,144	0	113,809
FIRST TR EXCHANGE-TRADED FD IV FST LOW OPPT EFT	COM	33739Q200	22,821	441,594	SH		DFND		76,098	0	365,496
ABERDEEN STD GOLD ETF TR PHYSCL GOLD SHS	COM	00326A104	22,755	1,327,650	SH		DFND		224,800	0	1,102,850
ISHARES TR 3 7 YR TREAS BD	COM	464288661	22,674	169,629	SH		DFND		27,829	0	141,800
VANGUARD BD INDEX FDS SHORT TRM BOND	COM	921937827	22,125	266,186	SH		DFND		44,909	0	221,277
SPDR SER TR BLOMBERG BRC INV	COM	78468R200	22,024	722,576	SH		DFND		121,640	0	600,936
SPDR SER TR PORTFOLIO LN TSR	COM	78464A664	21,347	455,078	SH		DFND		78,328	0	376,750
INVESCO EXCHANGE TRADED FD TR SandP500 EQL	COM	46137V357	20,471	201,176	SH		DFND		33,078	0	168,098
ISHARES TR CORE US AGGBD ET	COM	464287226	6,963	58,912	SH		DFND		13,783	0	45,129
FIRST TR EXCHANGE TRADED FD II TECH ALPHADEX	COM	33734X176	6,243	74,868	SH		DFND		22,686	0	52,182
INVESCO ACTIVELY MANAGED ETF ULTRA SHRT DUR	COM	46090A887	2,936	58,225	SH		DFND		15,771	0	42,454
SELECT SECTOR SPDR TR SBI HEALTHCARE	COM	81369Y209	2,759	27,573	SH		DFND		7,819	0	19,754
VANGUARD WORLD FDS COMM SRVC ETF	COM	92204A884	2,595	27,900	SH		DFND		8,010	0	19,890
ISHARES U S ETF TR SHT MAT BD ETF	COM	46431W507	2,360	47,195	SH		DFND		12,922	0	34,273
SELECT SECTOR SPDR TR SBI CONS STPLS	COM	81369Y308	1,980	33,782	SH		DFND		9,084	0	24,698
ISHARES TR 20 YR TR BD ETF	COM	464287432	1,664	10,155	SH		DFND		0	0	10,155
AMA Fund Ltd	COM	99VVBJY83	849	11,314	SH		DFND		0	0	11,314
FIRST TR EXCHANGE TRADED FD II HLTH CARE ALPH	COM	33734X143	773	8,580	SH		DFND		2,432	0	6,148
SELECT SECTOR SPDR TR RL EST SEL SEC	COM	81369Y860	722	20,768	SH		DFND		5,559	0	15,209
SELECT SECTOR SPDR TR ENERGY	COM	81369Y506	600	15,855	SH		DFND		4,785	0	11,070
ALPS ETF TR ALERIAN MLP	COM	00162Q452	510	20,703	SH		DFND		0	0	20,703
ISHARES INC MSCI TURKEY ETF	COM	464286715	120	5,199	SH		DFND		0	0	5,199
ISHARES INC MSCI TAIWAN ETF	COM	46434G772	119	2,974	SH		DFND		0	0	2,974
ISHARES INC MSCI STH AFR ETF	COM	464286780	119	3,383	SH		DFND		0	0	3,383
ISHARES TR MSCI CHINA ETF	COM	46429B671	118	1,811	SH		DFND		0	0	1,811
ISHARES INC MSCI BRAZIL ETF	COM	464286400	118	4,107	SH		DFND		0	0	4,107
ISHARES INC MSCI CHILE ETF	COM	464286640	117	4,664	SH		DFND		0	0	4,664
ISHARES INC MSCI THAILND ETF	COM	464286624	116	1,650	SH		DFND		0	0	1,650
ISHARES TR MSCI POLAND ETF	COM	46429B606	114	6,873	SH		DFND		0	0	6,873
ISHARES INC MSCI MEXICO ETF	COM	464286822	83	2,622	SH		DFND		0	0	2,622
ISHARES TR MSCI PHILIPS ETF	COM	46429B408	32	1,218	SH		DFND		0	0	1,218
ISHARES INC MSCI MLY ETF NEW	COM	46434G814	32	1,272	SH		DFND		0	0	1,272
ISHARES TR MSCI INDIA ETF	COM	46429B598	31	1,101	SH		DFND		0	0	1,101
ISHARES TR FLTG RATE NT ETF	COM	46429B655	25	496	SH		DFND		0	0	496