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
INVESCO EXCHANGE TRADED FD TR SandP500 EQL	COM	46137V357	59,681	467,940	SH		DFND		98,053	0	369,887
INVESCO EXCHANGE TRADED FD TR SandP500 EQL	COM	46137V282	57,194	225,576	SH		DFND		49,681	0	175,895
SPDR SER TR PORTFOLIO SandP500	COM	78464A854	41,998	955,376	SH		DFND		201,168	0	754,208
SPDR SER TR PORTFOLI SandP1500	COM	78464A805	37,607	815,949	SH		DFND		172,798	0	643,151
ISHARES TR MSCI USA MIN VOL	COM	46429B697	22,677	334,079	SH		DFND		69,506	0	264,573
SPDR GOLD TR GOLD SHS	COM	78463V107	20,105	112,722	SH		DFND		21,328	0	91,394
WISDOMTREE TR EM EX ST-OWNED	COM	97717X578	19,551	492,840	SH		DFND		105,708	0	387,132
ABERDEEN STD GOLD ETF TR PHYSCL GOLD SHS	COM	00326A104	18,767	1,026,668	SH		DFND		210,103	0	816,565
ISHARES TR ISHS 1-5YR INVS	COM	464288646	18,349	332,601	SH		DFND		68,284	0	264,317
FIRST TR EXCHANGE-TRADED FD IV FST LOW OPPT EFT	COM	33739Q200	18,133	352,307	SH		DFND		72,522	0	279,785
SPDR SER TR BLOMBERG BRC INV	COM	78468R200	18,023	589,198	SH		DFND		120,490	0	468,708
VANGUARD BD INDEX FDS SHORT TRM BOND	COM	921937827	17,968	216,754	SH		DFND		44,243	0	172,511
SPDR INDEX SHS FDS PORTFOLIO EMG MK	COM	78463X509	11,283	267,640	SH		DFND		57,330	0	210,310
ISHARES TR IBOXX INV CP ETF	COM	464287242	11,086	80,260	SH		DFND		16,789	0	63,471
SELECT SECTOR SPDR TR SBI CONS DISCR	COM	81369Y407	10,497	65,288	SH		DFND		17,094	0	48,194
SELECT SECTOR SPDR TR SBI HEALTHCARE	COM	81369Y209	10,457	92,186	SH		DFND		24,001	0	68,185
INVESCO QQQ TR UNIT SER 1	COM	46090E103	10,240	32,640	SH		DFND		0	0	32,640
VANGUARD WORLD FDS COMM SRVC ETF	COM	92204A884	9,648	80,272	SH		DFND		21,493	0	58,779
ISHARES INC CORE MSCI EMKT	COM	46434G103	7,941	128,010	SH		DFND		27,793	0	100,217
SELECT SECTOR SPDR TR SBI CONS STPLS	COM	81369Y308	6,938	102,870	SH		DFND		27,571	0	75,299
FIRST TR EXCHANGE TRADED FD II TECH ALPHADEX	COM	33734X176	5,561	49,737	SH		DFND		13,083	0	36,654
ISHARES TR 20 YR TR BD ETF	COM	464287432	4,697	29,784	SH		DFND		0	0	29,784
INVESCO EXCHANGE TRADED FD TR SandP500 PUR	COM	46137V266	3,945	24,216	SH		DFND		0	0	24,216
SELECT SECTOR SPDR TR RL EST SEL SEC	COM	81369Y860	3,134	85,723	SH		DFND		23,106	0	62,617
AMA Fund Ltd	COM	99VVBJY83	1,969	26,876	SH		DFND		0	0	26,876
SPDR SandP 500 ETF TR TR UNIT	COM	78462F103	1,642	4,394	SH		DFND		0	0	4,394
FIRST TR EXCHANGE TRADED FD II HLTH CARE ALPH	COM	33734X143	714	6,632	SH		DFND		1,897	0	4,735
ISHARES TR CORE US AGGBD ET	COM	464287226	476	4,028	SH		DFND		0	0	4,028
ISHARES TR MSCI INDONIA ETF	COM	46429B309	298	12,762	SH		DFND		0	0	12,762
ISHARES INC MSCI THAILND ETF	COM	464286624	298	3,876	SH		DFND		0	0	3,876
ISHARES TR MSCI POLAND ETF	COM	46429B606	298	15,696	SH		DFND		0	0	15,696
ISHARES TR MSCI INDIA ETF	COM	46429B598	298	7,421	SH		DFND		0	0	7,421
ISHARES INC MSCI STH AFR ETF	COM	464286780	298	6,805	SH		DFND		0	0	6,805
ISHARES TR MSCI CHINA ETF	COM	46429B671	298	3,683	SH		DFND		0	0	3,683
ISHARES INC MSCI BRAZIL ETF	COM	464286400	298	8,041	SH		DFND		0	0	8,041
ISHARES INC MSCI TAIWAN ETF	COM	46434G772	297	5,598	SH		DFND		0	0	5,598
ISHARES INC MSCI TURKEY ETF	COM	464286715	296	11,207	SH		DFND		0	0	11,207
ISHARES INC MSCI MEXICO ETF	COM	464286822	296	6,906	SH		DFND		0	0	6,906
ISHARES INC MSCI CHILE ETF	COM	464286640	295	9,789	SH		DFND		0	0	9,789
ISHARES INC MSCI RUSSIA ETF	COM	46434G798	295	7,920	SH		DFND		0	0	7,920
ISHARES TR MSCI PHILIPS ETF	COM	46429B408	89	2,752	SH		DFND		0	0	2,752
ISHARES INC MSCI MLY ETF NEW	COM	46434G814	89	3,110	SH		DFND		0	0	3,110
ISHARES U S ETF TR BLACKROCK ST MAT	COM	46431W507	25	504	SH		DFND		0	0	504
PIMCO ETF TR 0-5 HIGH YIELD	COM	72201R783	21	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 EXCH TRD SLF IDX FD TR BULSHS 2022 CB	COM	46138J882	18	832	SH		DFND		0	0	832
ISHARES TR CORE TOTAL USD	COM	46434V613	16	294	SH		DFND		0	0	294
VANECK VECTORS ETF TR FALLEN ANGEL HG	COM	92189F437	14	441	SH		DFND		0	0	441
FIRST TR EXCHANGE-TRADED FD IV SENIOR LN FD	COM	33738D309	13	278	SH		DFND		0	0	278
ISHARES TR IBOXX HI YD ETF	COM	464288513	13	150	SH		DFND		0	0	150
ISHARES TR TIPS BD ETF	COM	464287176	13	102	SH		DFND		0	0	102
ISHARES TR FLTG RATE NT ETF	COM	46429B655	12	254	SH		DFND		0	0	254
J P MORGAN EXCHANGE-TRADED FD HIGH YLD	COM	46641Q878	7	138	SH		DFND		0	0	138
SPDR SER TR PORTFOLIO SH TSR	COM	78468R101	2	69	SH		DFND		0	0	69
SPDR SER TR SPDR BLOOMBERG	COM	78468R663	0	6	SH		DFND		0	0	6