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
SPDR SER TR PORTFOLIO SandP500	COM	78464A854	42,940	1,091,243	SH		DFND		210,368	0	880,875
ISHARES TR CORE SandP TTL STK	COM	464287150	39,516	523,460	SH		DFND		101,300	0	422,160
ISHARES TR IBOXX INV CP ETF	COM	464287242	35,567	264,033	SH		DFND		50,822	0	213,211
INVESCO EXCHANGE TRADED FD TR SandP500 EQL	COM	46137V282	27,486	130,474	SH		DFND		26,825	0	103,649
INVESCO QQQ TR UNIT SER 1	COM	46090E103	27,236	98,031	SH		DFND		14,791	0	83,240
ISHARES TR MSCI USA MIN VOL	COM	46429B697	23,535	369,294	SH		DFND		72,280	0	297,014
SPDR GOLD TR GOLD SHS	COM	78463V107	20,523	115,876	SH		DFND		21,951	0	93,925
ISHARES TR ISHS 1-5YR INVS	COM	464288646	19,909	362,579	SH		DFND		71,064	0	291,515
INVESCO EXCHANGE TRADED FD TR SandP500 EQL	COM	46137V357	19,869	183,794	SH		DFND		32,971	0	150,823
FIRST TR EXCHANGE-TRADED FD IV FST LOW OPPT EFT	COM	33739Q200	19,822	383,562	SH		DFND		74,644	0	308,918
ABERDEEN STD GOLD ETF TR PHYSCL GOLD SHS	COM	00326A104	19,762	1,088,835	SH		DFND		216,452	0	872,383
SPDR INDEX SHS FDS PORTFOLIO EMG MK	COM	78463X509	19,470	532,551	SH		DFND		103,561	0	428,990
VANGUARD BD INDEX FDS SHORT TRM BOND	COM	921937827	19,441	234,090	SH		DFND		44,322	0	189,768
SPDR SER TR BLOMBERG BRC INV	COM	78468R200	19,381	633,808	SH		DFND		120,104	0	513,704
ISHARES TR 3 7 YR TREAS BD	COM	464288661	19,255	144,142	SH		DFND		27,478	0	116,664
SPDR SER TR PORTFOLIO SH TSR	COM	78468R101	19,213	625,856	SH		DFND		119,105	0	506,751
SELECT SECTOR SPDR TR SBI HEALTHCARE	COM	81369Y209	10,937	103,692	SH		DFND		24,249	0	79,443
VANGUARD WORLD FDS COMM SRVC ETF	COM	92204A884	9,557	93,816	SH		DFND		21,940	0	71,876
ISHARES INC CORE MSCI EMKT	COM	46434G103	8,034	152,178	SH		DFND		28,938	0	123,240
SELECT SECTOR SPDR TR SBI INT-INDS	COM	81369Y704	7,250	94,189	SH		DFND		22,026	0	72,163
SELECT SECTOR SPDR TR SBI CONS STPLS	COM	81369Y308	7,023	109,569	SH		DFND		25,625	0	83,944
FIRST TR EXCHANGE TRADED FD II TECH ALPHADEX	COM	33734X176	5,106	56,170	SH		DFND		13,620	0	42,550
ISHARES TR 20 YR TR BD ETF	COM	464287432	3,448	21,121	SH		DFND		0	0	21,121
SELECT SECTOR SPDR TR RL EST SEL SEC	COM	81369Y860	3,235	91,740	SH		DFND		21,296	0	70,444
AMA Fund Ltd	COM	99VVBJY83	1,751	20,495	SH		DFND		0	0	20,495
SPDR SandP 500 ETF TR TR UNIT	COM	78462F103	1,460	4,360	SH		DFND		0	0	4,360
ALPS ETF TR ALERIAN MLP	COM	00162Q452	921	46,137	SH		DFND		0	0	46,137
FIRST TR EXCHANGE TRADED FD II HLTH CARE ALPH	COM	33734X143	676	7,139	SH		DFND		1,735	0	5,404
ISHARES TR RUS MID CAP ETF	COM	464287499	474	8,267	SH		DFND		0	0	8,267
ISHARES INC MSCI TAIWAN ETF	COM	46434G772	172	3,835	SH		DFND		0	0	3,835
ISHARES TR MSCI CHINA ETF	COM	46429B671	170	2,300	SH		DFND		0	0	2,300
ISHARES TR MSCI INDIA ETF	COM	46429B598	170	5,031	SH		DFND		0	0	5,031
ISHARES INC MSCI MEXICO ETF	COM	464286822	115	3,453	SH		DFND		0	0	3,453
ISHARES INC MSCI CHILE ETF	COM	464286640	115	4,775	SH		DFND		0	0	4,775
ISHARES TR MSCI POLAND ETF	COM	46429B606	114	6,943	SH		DFND		0	0	6,943
ISHARES INC MSCI STH AFR ETF	COM	464286780	113	3,071	SH		DFND		0	0	3,071
ISHARES TR MSCI INDONIA ETF	COM	46429B309	112	6,526	SH		DFND		0	0	6,526
ISHARES TR MSCI PHILIPS ETF	COM	46429B408	111	4,202	SH		DFND		0	0	4,202
ISHARES INC MSCI MLY ETF NEW	COM	46434G814	111	4,264	SH		DFND		0	0	4,264
ISHARES TR SHORT TREAS BD	COM	464288679	110	997	SH		DFND		0	0	997
ISHARES INC MSCI THAILND ETF	COM	464286624	110	1,755	SH		DFND		0	0	1,755
ISHARES INC MSCI RUSSIA ETF	COM	46434G798	109	3,369	SH		DFND		0	0	3,369
ISHARES INC MSCI TURKEY ETF	COM	464286715	109	5,525	SH		DFND		0	0	5,525
ISHARES INC MSCI BRAZIL ETF	COM	464286400	105	3,830	SH		DFND		0	0	3,830
ISHARES U S ETF TR SHT MAT BD ETF	COM	46431W507	25	504	SH		DFND		0	0	504
PIMCO ETF TR 0-5 HIGH YIELD	COM	72201R783	20	220	SH		DFND		0	0	220
INDEXIQ ETF TR IQ SandP HGH YLD	COM	45409B412	20	824	SH		DFND		0	0	824
ISHARES TR ISHS 5-10YR INVT	COM	464288638	20	334	SH		DFND		0	0	334
INVESCO ACTIVELY MANAGED ETF ULTRA SHRT DUR	COM	46090A887	18	357	SH		DFND		0	0	357
ISHARES TR CORE TOTAL USD	COM	46434V613	15	294	SH		DFND		0	0	294
VANECK VECTORS ETF TR FALLEN ANGEL HG	COM	92189F437	13	441	SH		DFND		0	0	441
ISHARES TR TIPS BD ETF	COM	464287176	12	102	SH		DFND		0	0	102
ISHARES TR FLTG RATE NT ETF	COM	46429B655	12	254	SH		DFND		0	0	254
FIRST TR EXCHANGE-TRADED FD IV SENIOR LN FD	COM	33738D309	12	278	SH		DFND		0	0	278
ISHARES TR IBOXX HI YD ETF	COM	464288513	12	150	SH		DFND		0	0	150
J P MORGAN EXCHANGE-TRADED FD HIGH YLD	COM	46641Q878	6	138	SH		DFND		0	0	138
SPDR SER TR SPDR BLOOMBERG	COM	78468R663	0	6	SH		DFND		0	0	6