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	54,558	189,294	SH		DFND		0	0	189,294
SPDR SER TR PORTFOLI SandP1500	COM	78464A805	46,702	881,352	SH		DFND		0	0	881,352
SPDR SER TR PORTFOLIO SandP500	COM	78464A854	40,682	806,240	SH		DFND		0	0	806,240
KRANESHARES TR QUADRTC INT RT	COM	500767736	35,922	1,288,913	SH		DFND		0	0	1,288,913
SPDR SER TR PRTFLO SandP500 GW	COM	78464A409	34,952	545,956	SH		DFND		0	0	545,956
INVESCO EXCHANGE TRADED FD TR SandP500 EQL	COM	46137V357	21,654	144,538	SH		DFND		0	0	144,538
ISHARES TR MSCI USA MIN VOL	COM	46429B697	21,529	292,914	SH		DFND		0	0	292,914
ISHARES TR CORE HIGH DV ETF	COM	46429B663	18,271	193,841	SH		DFND		0	0	193,841
ISHARES TR CORE MSCI EAFE	COM	46432F842	17,952	241,781	SH		DFND		0	0	241,781
FIRST TR EXCHANGE-TRADED FD IV SENIOR LN FD	COM	33738D309	17,919	374,487	SH		DFND		0	0	374,487
FIRST TR EXCHANGE-TRADED FD IV FST LOW OPPT EFT	COM	33739Q200	17,479	345,578	SH		DFND		0	0	345,578
WISDOMTREE TR EM EX ST-OWNED	COM	97717X578	17,100	458,220	SH		DFND		0	0	458,220
ISHARES TR SHORT TREAS BD	COM	464288679	16,816	152,225	SH		DFND		0	0	152,225
ISHARES INC MSCI EQUAL WEITE	COM	464286681	14,742	176,160	SH		DFND		0	0	176,160
SELECT SECTOR SPDR TR SBI HEALTHCARE	COM	81369Y209	11,217	88,116	SH		DFND		0	0	88,116
SELECT SECTOR SPDR TR SBI CONS DISCR	COM	81369Y407	8,755	48,788	SH		DFND		0	0	48,788
SELECT SECTOR SPDR TR SBI INT-INDS	COM	81369Y704	7,918	80,930	SH		DFND		0	0	80,930
SELECT SECTOR SPDR TR SBI CONS STPLS	COM	81369Y308	6,482	94,162	SH		DFND		0	0	94,162
ISHARES TR SELECT DIVID ETF	COM	464287168	5,231	45,604	SH		DFND		0	0	45,604
FIRST TR EXCHANGE TRADED FD II TECH ALPHADEX	COM	33734X176	5,183	42,188	SH		DFND		0	0	42,188
INVESCO EXCHANGE TRADED FD TR SandP500 PUR	COM	46137V266	3,985	20,696	SH		DFND		0	0	20,696
ISHARES TR CORE US AGGBD ET	COM	464287226	3,783	32,948	SH		DFND		0	0	32,948
SELECT SECTOR SPDR TR RL EST SEL SEC	COM	81369Y860	3,367	75,764	SH		DFND		0	0	75,764
FIRST TR EXCHANGE TRADED FD II CONSUMR DISCRE	COM	33734X101	2,732	46,227	SH		DFND		0	0	46,227
SPDR SER TR BLOOMBERG BRCLYS	COM	78468R622	2,382	21,789	SH		DFND		0	0	21,789
AMA Fund Ltd	COM	99VVBJY83	2,259	34,985	SH		DFND		0	0	34,985
INVESCO EXCHANGE TRADED FD TR SandP500 PUR	COM	46137V258	2,248	29,663	SH		DFND		0	0	29,663
OSI ETF TR OSHS GBL INTER	COM	67110P704	1,653	31,214	SH		DFND		0	0	31,214
ALPS ETF TR ALERIAN MLP	COM	00162Q452	1,552	46,578	SH		DFND		0	0	46,578
ISHARES TR 10 YR INVST GRD	COM	464289511	1,294	18,683	SH		DFND		0	0	18,683
INDEXIQ ETF TR IQ MRGR ARB ETF	COM	45409B800	1,060	32,248	SH		DFND		0	0	32,248
ISHARES TR 3 7 YR TREAS BD	COM	464288661	618	4,750	SH		DFND		0	0	4,750
ISHARES INC MSCI RUSSIA ETF	COM	46434G798	324	6,788	SH		DFND		0	0	6,788
ISHARES TR MSCI POLAND ETF	COM	46429B606	300	13,725	SH		DFND		0	0	13,725
ISHARES INC MSCI TURKEY ETF	COM	464286715	296	13,960	SH		DFND		0	0	13,960
ISHARES INC MSCI TAIWAN ETF	COM	46434G772	291	4,697	SH		DFND		0	0	4,697
ISHARES TR MSCI INDIA ETF	COM	46429B598	94	1,949	SH		DFND		0	0	1,949
ISHARES TR MSCI INDONIA ETF	COM	46429B309	90	4,164	SH		DFND		0	0	4,164
ISHARES TR MSCI PHILIPS ETF	COM	46429B408	85	2,872	SH		DFND		0	0	2,872
ISHARES INC MSCI MEXICO ETF	COM	464286822	84	1,745	SH		DFND		0	0	1,745
ISHARES INC MSCI THAILND ETF	COM	464286624	81	1,097	SH		DFND		0	0	1,097
ISHARES TR ISHS 1-5YR INVS	COM	464288646	39	719	SH		DFND		0	0	719
PIMCO ETF TR 0-5 HIGH YIELD	COM	72201R783	34	346	SH		DFND		0	0	346
ISHARES U S ETF TR BLACKROCK ST MAT	COM	46431W507	25	505	SH		DFND		0	0	505
INDEXIQ ETF TR IQ SandP HGH YLD	COM	45409B412	23	934	SH		DFND		0	0	934
ISHARES TR ISHS 5-10YR INVT	COM	464288638	20	334	SH		DFND		0	0	334
VANGUARD BD INDEX FDS SHORT TRM BOND	COM	921937827	18	222	SH		DFND		0	0	222
INVESCO EXCH TRD SLF IDX FD TR BULSHS 2022 CB	COM	46138J882	17	829	SH		DFND		0	0	829
ISHARES TR IBOXX HI YD ETF	COM	464288513	13	151	SH		DFND		0	0	151
ISHARES TR FLTG RATE NT ETF	COM	46429B655	12	252	SH		DFND		0	0	252
J P MORGAN EXCHANGE-TRADED FD HIGH YLD	COM	46641Q878	7	138	SH		DFND		0	0	138