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	46137V282	54,480	201,891	SH		DFND		48,553	0	153,338
SPDR SER TR PORTFOLIO SandP500	COM	78464A854	40,355	865,817	SH		DFND		204,559	0	661,258
SPDR SER TR PORTFOLI SandP1500	COM	78464A805	36,625	744,566	SH		DFND		175,879	0	568,687
INVESCO ACTIVLY MANGD ETC FD T OPTIMUM YIELD	COM	46090F100	34,292	1,989,698	SH		DFND		464,790	0	1,524,908
ISHARES TR MSCI USA MIN VOL	COM	46429B697	21,276	307,504	SH		DFND		72,133	0	235,371
INVESCO EXCHANGE TRADED FD TR SandP500 EQL	COM	46137V357	20,187	142,510	SH		DFND		60,974	0	81,536
WISDOMTREE TR EM EX ST-OWNED	COM	97717X578	17,884	439,532	SH		DFND		106,561	0	332,971
FIRST TR EXCHANGE-TRADED FD IV SENIOR LN FD	COM	33738D309	17,734	370,325	SH		DFND		86,288	0	284,037
KRANESHARES TR QUADRTC INT RT	COM	500767736	17,713	619,788	SH		DFND		146,959	0	472,829
ISHARES TR ISHS 1-5YR INVS	COM	464288646	17,358	317,462	SH		DFND		71,580	0	245,882
FIRST TR EXCHANGE-TRADED FD IV FST LOW OPPT EFT	COM	33739Q200	17,036	333,665	SH		DFND		76,379	0	257,286
VANGUARD BD INDEX FDS SHORT TRM BOND	COM	921937827	16,948	206,209	SH		DFND		47,333	0	158,876
ISHARES INC MSCI EQUAL WEITE	COM	464286681	16,321	208,284	SH		DFND		0	0	208,284
SELECT SECTOR SPDR TR SBI HEALTHCARE	COM	81369Y209	11,548	98,922	SH		DFND		27,417	0	71,505
SPDR INDEX SHS FDS PORTFOLIO EMG MK	COM	78463X509	10,995	251,144	SH		DFND		58,550	0	192,594
ISHARES TR IBOXX INV CP ETF	COM	464287242	10,250	78,818	SH		DFND		17,564	0	61,254
VANGUARD WORLD FDS COMM SRVC ETF	COM	92204A884	9,918	76,287	SH		DFND		21,080	0	55,207
SELECT SECTOR SPDR TR SBI INT-FINL	COM	81369Y605	9,461	277,862	SH		DFND		77,123	0	200,739
ISHARES INC CORE MSCI EMKT	COM	46434G103	7,576	117,725	SH		DFND		27,919	0	89,806
SELECT SECTOR SPDR TR SBI CONS STPLS	COM	81369Y308	6,875	100,651	SH		DFND		27,924	0	72,727
ISHARES TR RUSSELL 2000 ETF	COM	464287655	6,359	28,782	SH		DFND		0	0	28,782
SPDR SER TR BLOOMBERG BRCLYS	COM	78468R622	6,065	55,753	SH		DFND		0	0	55,753
INVESCO QQQ TR UNIT SER 1	COM	46090E103	5,484	17,187	SH		DFND		0	0	17,187
FIRST TR EXCHANGE TRADED FD II TECH ALPHADEX	COM	33734X176	5,147	45,298	SH		DFND		12,767	0	32,531
ISHARES TR 3 7 YR TREAS BD	COM	464288661	4,209	32,410	SH		DFND		0	0	32,410
SELECT SECTOR SPDR TR RL EST SEL SEC	COM	81369Y860	3,515	89,023	SH		DFND		24,082	0	64,941
ISHARES TR CORE US AGGBD ET	COM	464287226	2,190	19,248	SH		DFND		0	0	19,248
ALPS ETF TR ALERIAN MLP	COM	00162Q452	1,609	52,785	SH		DFND		0	0	52,785
AMA Fund Ltd	COM	99VVBJY83	1,583	25,245	SH		DFND		0	0	25,245
OSI ETF TR OSHS GBL INTER	COM	67110P704	1,512	29,023	SH		DFND		8,535	0	20,488
ISHARES TR SHORT TREAS BD	COM	464288679	1,253	11,341	SH		DFND		0	0	11,341
INVESCO EXCHANGE TRADED FD TR SandP500 PUR	COM	46137V258	834	11,272	SH		DFND		0	0	11,272
SPDR GOLD TR GOLD SHS	COM	78463V107	671	4,197	SH		DFND		68	0	4,129
ISHARES INC MSCI TAIWAN ETF	COM	46434G772	313	5,225	SH		DFND		0	0	5,225
ISHARES TR MSCI INDIA ETF	COM	46429B598	307	7,302	SH		DFND		0	0	7,302
ISHARES INC MSCI THAILND ETF	COM	464286624	304	3,703	SH		DFND		0	0	3,703
ISHARES INC MSCI STH AFR ETF	COM	464286780	302	6,124	SH		DFND		0	0	6,124
ISHARES INC MSCI CHILE ETF	COM	464286640	302	8,823	SH		DFND		0	0	8,823
ISHARES INC MSCI MEXICO ETF	COM	464286822	298	6,807	SH		DFND		0	0	6,807
ISHARES INC MSCI RUSSIA ETF	COM	46434G798	297	7,535	SH		DFND		0	0	7,535
ISHARES TR MSCI CHINA ETF	COM	46429B671	287	3,517	SH		DFND		0	0	3,517
ISHARES INC MSCI MLY ETF NEW	COM	46434G814	209	7,734	SH		DFND		0	0	7,734
ISHARES TR MSCI INDONIA ETF	COM	46429B309	209	9,587	SH		DFND		0	0	9,587
ISHARES INC MSCI TURKEY ETF	COM	464286715	209	9,103	SH		DFND		0	0	9,103
ISHARES INC MSCI BRAZIL ETF	COM	464286400	201	6,023	SH		DFND		0	0	6,023
ISHARES TR MSCI PHILIPS ETF	COM	46429B408	200	6,850	SH		DFND		0	0	6,850
ISHARES TR MSCI POLAND ETF	COM	46429B606	199	11,018	SH		DFND		0	0	11,018
PIMCO ETF TR 0-5 HIGH YIELD	COM	72201R783	34	350	SH		DFND		0	0	350
ISHARES U S ETF TR BLACKROCK ST MAT	COM	46431W507	25	504	SH		DFND		0	0	504
INDEXIQ ETF TR IQ SandP HGH YLD	COM	45409B412	20	824	SH		DFND		0	0	824
ISHARES TR ISHS 5-10YR INVT	COM	464288638	19	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	15	294	SH		DFND		0	0	294
ISHARES TR IBOXX HI YD ETF	COM	464288513	13	150	SH		DFND		0	0	150
ISHARES TR FLTG RATE NT ETF	COM	46429B655	12	254	SH		DFND		0	0	254
ABERDEEN STD GOLD ETF TR PHYSCL GOLD SHS	COM	00326A104	11	699	SH		DFND		699	0	0