Kalos 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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
AbbVie Inc	COM	00287Y109	315	2,772	SH		DFND		0	2,772	0
Aberdeen Std PHys SwissGold Shr ETF	ETF	00326A104	1,017	59,881	SH		DFND		0	59,881	0
Acadia Pharmaceuticals Inc	COM	004225108	433	18,675	SH		DFND		0	18,675	0
Activision Blizzard Inc	COM	00507V109	971	11,937	SH		DFND		0	11,937	0
Advanced Micro Devices	COM	007903107	3,325	30,930	SH		DFND		0	30,930	0
AFLAC Inc	COM	001055102	393	7,008	SH		DFND		0	7,008	0
Agile Therapeutics Inc	COM	00847L100	24	19,250	SH		DFND		0	19,250	0
Alibaba Group Holding Limited ADR	COM	01609W102	1,358	6,951	SH		DFND		0	6,951	0
Allegion PLC	COM	G0176J109	1,073	7,873	SH		DFND		0	7,873	0
Alphabet Inc Class A	COM	02079K305	2,794	1,020	SH		DFND		0	1,020	0
Alphabet Inc Class C	COM	02079K107	910	344	SH		DFND		0	344	0
ALPS Alerian MLP ETF	ETF	00162Q452	424	13,112	SH		DFND		0	13,112	0
AMARIN CORP PLC SPONS ADR NEW	COM	023111206	68	15,050	SH		DFND		0	15,050	0
Amazon.com Inc	COM	023135106	2,061	614	SH		DFND		0	614	0
AMERICAN FIN TRUST INC	COM	02607T109	284	33,710	SH		DFND		0	33,710	0
Ameriprise Financial Inc	COM	03076C106	1,756	6,612	SH		DFND		0	6,612	0
Annaly Capital Management Inc	COM	035710409	103	12,286	SH		DFND		0	12,286	0
Apple Inc	COM	037833100	3,990	27,510	SH		DFND		0	27,510	0
ARES CAPITAL CORP COM	COM	04010L103	276	13,788	SH		DFND		0	13,788	0
ARK Autonomous Technology & Robotics ETF	ETF	00214Q203	215	2,559	SH		DFND		0	2,559	0
ARK Genomic Revolution ETF	ETF	00214Q302	261	2,960	SH		DFND		0	2,960	0
ARK Innovation ETF	ETF	00214Q104	295	2,361	SH		DFND		0	2,361	0
AT&T Inc	COM	00206R102	2,421	86,901	SH		DFND		0	86,901	0
Atlas Crest Invt Corp Com	COM	049284102	158	15,938	SH		DFND		0	15,938	0
Ballard Power Systems	COM	058586108	248	14,357	SH		DFND		0	14,357	0
Bank of America Corp	COM	060505104	430	10,565	SH		DFND		0	10,565	0
BATH & BODY WKS INC	COM	070830104	263	4,288	SH		DFND		0	4,288	0
Berkshire Hathaway Inc Class B	COM	084670702	360	1,255	SH		DFND		0	1,255	0
BIOCRYST PHARMACEUTICALS INC COM	COM	09058V103	395	24,050	SH		DFND		0	24,050	0
Bionano Genomics Inc	COM	09075F107	112	16,400	SH		DFND		0	16,400	0
BlueRock Residential Growth REIT	COM	09627J102	479	39,765	SH		DFND		0	39,765	0
Boeing Co	COM	097023105	1,022	4,383	SH		DFND		0	4,383	0
Brightspire Cap Inc A	COM	10949T109	1,614	160,054	SH		DFND		0	160,054	0
Broadcom Inc	COM	11135F101	4,437	9,155	SH		DFND		0	9,155	0
Bunge Ltd	COM	G16962105	1,781	23,031	SH		DFND		0	23,031	0
Burgundy Tech Acquisition Corp Com Cl A	COM	G1702T116	171	17,361	SH		DFND		0	17,361	0
BUSINESS DEVELOPMENT	COM	12325J101	452	62,992	SH		DFND		0	62,992	0
CAMBRIA GLOBAL VALUE ETF	ETF	132061409	246	10,762	SH		DFND		0	10,762	0
Canoo Inc Class A	COM	13803R102	621	69,110	SH		DFND		0	69,110	0
CATALYST BIOSCIENCES INC COM NEW	COM	14888D208	74	17,410	SH		DFND		0	17,410	0
Caterpillar Inc	COM	149123101	264	1,240	SH		DFND		0	1,240	0
CERAGON NETWORKS LTD ORD	COM	M22013102	42	10,550	SH		DFND		0	10,550	0
Ciena Corp	COM	171779309	2,336	41,096	SH		DFND		0	41,096	0
Cigna Corp	COM	125523100	2,051	9,716	SH		DFND		0	9,716	0
CION INVT CORP	COM	17259U105	186	23,120	SH		DFND		0	23,120	0
Cisco Systems Inc	COM	17275R102	540	9,858	SH		DFND		0	9,858	0
CLOVIS ONCOLOGY INC COM	COM	189464100	130	23,750	SH		DFND		0	23,750	0
Coca Cola Company	COM	191216100	695	12,359	SH		DFND		0	12,359	0
COSTAR GROUP INC	COM	22160N109	382	4,470	SH		DFND		0	4,470	0
Costco Wholesale Corp	COM	22160K105	612	1,392	SH		DFND		0	1,392	0
Delta Air Lines	COM	247361702	1,362	34,680	SH		DFND		0	34,680	0
DEVON ENERGY CORP NEW COM	COM	25179M103	312	11,659	SH		DFND		0	11,659	0
DIAMONDBACK ENERGY	COM	25278X109	284	3,688	SH		DFND		0	3,688	0
Dominion Energy Inc	COM	25746U109	813	10,707	SH		DFND		0	10,707	0
DXC Technology Co	COM	23355L106	292	7,244	SH		DFND		0	7,244	0
Elanco Animal Health Inc	COM	28414H103	1,167	39,342	SH		DFND		0	39,342	0
Emerging Markets Internet & eCommerce	COM	301505889	588	10,959	SH		DFND		0	10,959	0
Enbridge Inc	COM	29250N105	1,929	49,169	SH		DFND		0	49,169	0
Encompass Health Corp	COM	29261A100	3,172	39,245	SH		DFND		0	39,245	0
EQUITY DISTR ACQUISITION CORP COM CL A	COM	29465E106	98	10,050	SH		DFND		0	10,050	0
Evolve Transition Infrastructure Lp	COM	30053M104	33	21,024	SH		DFND		0	21,024	0
Exxon Mobil Corporation	COM	30231G102	757	13,054	SH		DFND		0	13,054	0
Facebook Inc	COM	30303M102	3,254	9,003	SH		DFND		0	9,003	0
FEDEX CORP COM	COM	31428X106	342	1,251	SH		DFND		0	1,251	0
FIDELITY LOW VOLATILITY FACTR ETF	ETF	316092824	521	10,653	SH		DFND		0	10,653	0
Fidelity National Financial Inc	COM	31620R303	1,551	32,816	SH		DFND		0	32,816	0
FIRST AMERICAN GLOBAL INFRASTRUCTURE A	COM	670690494	134	11,653	SH		DFND		0	11,653	0
First Trust NASDAQ Tech Div ETF	ETF	33738R118	596	10,254	SH		DFND		0	10,254	0
Fleetcor Technologies Inc	COM	339041105	1,884	7,186	SH		DFND		0	7,186	0
FORTINET INC	COM	34959E109	298	991	SH		DFND		0	991	0
FRANKLIN LIBERTYQ U.S. EQUITY ETF	ETF	35473P801	207	4,856	SH		DFND		0	4,856	0
FS ENERGY & POWER FUND	COM	30264D109	439	124,517	SH		DFND		0	124,517	0
FS KKR Capital Corp	COM	302635206	8,168	380,776	SH		DFND		0	380,776	0
FS KKR Capital Corp II	COM	35952V303	334	13,566	SH		DFND		0	13,566	0
Gilead Sciences Inc	COM	375558103	287	4,188	SH		DFND		0	4,188	0
Global Net Lease Inc	COM	379378201	2,309	127,926	SH		DFND		0	127,926	0
Global Payments Inc	COM	37940X102	1,079	6,207	SH		DFND		0	6,207	0
GOLDMAN SACHS REAL	COM	38149R805	518	50,287	SH		DFND		0	50,287	0
Greengro Technologies Inc	COM	39526G107	0	10,026	SH		DFND		0	10,026	0
GRIFFIN INSTL ACCESS REAL ESTA TE I	COM	39822J300	239	8,878	SH		DFND		0	8,878	0
Healthcare Trust of America Class A	COM	42225P501	267	9,319	SH		DFND		0	9,319	0
HENDERSON GLOBAL FDS GLOBAL EQ INCM I	COM	47103X492	109	15,972	SH		DFND		0	15,972	0
Hilltop Holdings Inc	COM	432748101	1,561	47,263	SH		DFND		0	47,263	0
Home Depot Inc	COM	437076102	479	1,468	SH		DFND		0	1,468	0
HP Inc	COM	40434L105	1,678	57,250	SH		DFND		0	57,250	0
Innoviva Inc	COM	45781M101	2,332	153,827	SH		DFND		0	153,827	0
Intel Corp	COM	458140100	2,251	41,638	SH		DFND		0	41,638	0
International Business Machines	COM	459200101	247	1,749	SH		DFND		0	1,749	0
Intuitive Surgical Inc	COM	46120E602	396	394	SH		DFND		0	394	0
Invesco DWA Consumer Staples Momentum	ETF	46137V886	351	3,816	SH		DFND		0	3,816	0
Invesco Exch Trd Slf Idx Fd Tr Rusl 2000 Dynm	ETF	46138J593	510	12,712	SH		DFND		0	12,712	0
Invesco Exchange Traded Fd Tr S&P Mdcp Quality	ETF	46137V472	719	9,253	SH		DFND		0	9,253	0
Invesco International Corporate Bond	ETF	46138E636	1,100	37,613	SH		DFND		0	37,613	0
INVESCO MUNICIPAL TRUST	ETF	46131J103	180	13,100	SH		DFND		0	13,100	0
INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NOA K-1A ETF	ETF	46090F100	704	35,068	SH		DFND		0	35,068	0
Invesco QQQ Trust Series 1	ETF	46090E103	863	2,353	SH		DFND		0	2,353	0
IOVANCE BIOTHERAPEUTICS INC COM	COM	462260100	212	8,450	SH		DFND		0	8,450	0
iShares Barclays 7-10 Yr Treasury Bond	ETF	464287440	1,388	11,892	SH		DFND		0	11,892	0
iShares Core MSCI Total International Stock ETF	ETF	46432F834	310	4,250	SH		DFND		0	4,250	0
iShares Core S&P 500	ETF	464287200	1,938	4,367	SH		DFND		0	4,367	0
iShares Core S&P Small-Cap ETF	ETF	464287804	571	5,173	SH		DFND		0	5,173	0
iShares Core S&P U.S. Value ETF	ETF	464287663	2,148	29,416	SH		DFND		0	29,416	0
iShares Core Total USD Bond Market	ETF	46434V613	480	8,962	SH		DFND		0	8,962	0
iShares Core US Aggregate Bond ETF	ETF	464287226	1,793	15,519	SH		DFND		0	15,519	0
ISHARES DOW JONES US ETF IV	ETF	464287846	1,056	9,498	SH		DFND		0	9,498	0
iShares Dow Jones US Healthcare Sector Index	ETF	464287762	1,078	3,740	SH		DFND		0	3,740	0
iShares Edge MSCI EAFE Minimum Vol	ETF	46429B689	1,083	13,954	SH		DFND		0	13,954	0
iShares ESG Aware MSCI USA ETF	ETF	46435G425	972	9,578	SH		DFND		0	9,578	0
iShares ESG MSCI EM ETF	ETF	46434G863	229	5,364	SH		DFND		0	5,364	0
ISHARES ESG MSCI USA LEADERS ETF	ETF	46435U218	639	8,210	SH		DFND		0	8,210	0
ISHARES EXPONENTIAL TECHNOLOGIES ETF	ETF	46434V381	309	4,901	SH		DFND		0	4,901	0
iShares Global Tech ETF	ETF	464287291	1,000	17,065	SH		DFND		0	17,065	0
iShares iBoxx $ High Yield Corporate Bond ETF	ETF	464288513	1,578	18,104	SH		DFND		0	18,104	0
iShares JP Morgan USD Emerging Mrkts Bond ETF	ETF	464288281	2,580	23,128	SH		DFND		0	23,128	0
iShares MSCI Brazil	ETF	464286400	693	18,527	SH		DFND		0	18,527	0
iShares MSCI BRIC Index	ETF	464286657	549	11,027	SH		DFND		0	11,027	0
iShares MSCI Denmark Capped Inv Mkt	ETF	46429B523	224	1,960	SH		DFND		0	1,960	0
iShares MSCI EAFE Growth ETF	ETF	464288885	1,109	10,068	SH		DFND		0	10,068	0
iShares MSCI EAFE Value	ETF	464288877	626	12,038	SH		DFND		0	12,038	0
ISHARES MSCI EMERGING MARKETS ETF IV	ETF	464287234	499	9,579	SH		DFND		0	9,579	0
iShares MSCI Emerging Mkts Asia Index	ETF	464286426	571	6,558	SH		DFND		0	6,558	0
iShares MSCI Germany Index	ETF	464286806	355	10,272	SH		DFND		0	10,272	0
iShares MSCI India Index	ETF	46429B598	564	12,428	SH		DFND		0	12,428	0
iShares MSCI Indonesia Invst Mkt	ETF	46429B309	286	14,250	SH		DFND		0	14,250	0
iShares MSCI Japan Index	ETF	46434G822	608	8,978	SH		DFND		0	8,978	0
iShares MSCI Malaysia Index	ETF	46434G814	384	15,636	SH		DFND		0	15,636	0
iShares MSCI South Korea Index	ETF	464286772	331	3,668	SH		DFND		0	3,668	0
iShares MSCI Spain Index	ETF	464286764	217	7,757	SH		DFND		0	7,757	0
iShares MSCI Sweden Index	ETF	464286756	226	4,709	SH		DFND		0	4,709	0
iShares MSCI Switzerland Index	ETF	464286749	438	8,741	SH		DFND		0	8,741	0
iShares MSCI Taiwan Capped ETF	ETF	46434G772	576	8,959	SH		DFND		0	8,959	0
iShares MSCI USA Value Factor	ETF	46432F388	239	2,279	SH		DFND		0	2,279	0
iShares PHLX SOX Semiconductor	ETF	464287523	742	1,601	SH		DFND		0	1,601	0
iShares Preferred & Income Securities ETF	ETF	464288687	411	10,500	SH		DFND		0	10,500	0
iShares Russell 2000 ETF	ETF	464287655	1,060	4,773	SH		DFND		0	4,773	0
iShares Russell Mid-Cap ETF	ETF	464287499	824	10,261	SH		DFND		0	10,261	0
ISHARES S&P 500 GROWTH ETF	ETF	464287309	1,292	17,119	SH		DFND		0	17,119	0
ISHARES S&P 500 VALUE ETF	ETF	464287408	692	4,634	SH		DFND		0	4,634	0
ISHARES S&P MID CAP 400 VALUE ETF IV	ETF	464287705	1,235	11,683	SH		DFND		0	11,683	0
ISHARES S&P MID-CAP 400 GROWTH ETF	ETF	464287606	1,052	12,902	SH		DFND		0	12,902	0
ISHARES S&P SMALL CAP 600 ETF IV	ETF	464287879	1,316	13,061	SH		DFND		0	13,061	0
iShares S&P Small-Cap 600 Growth ETF	ETF	464287887	1,544	11,601	SH		DFND		0	11,601	0
ISHARES TIPS BOND ETF IV	ETF	464287176	552	4,287	SH		DFND		0	4,287	0
ISHARES TOTAL US STOCK MARKET ETF IV	ETF	464287150	390	3,854	SH		DFND		0	3,854	0
iShares Tr USD Inv Grde ETF	ETF	464288620	680	11,236	SH		DFND		0	11,236	0
ISHARES U.S. FINANCIALS ETF	ETF	464287788	387	4,732	SH		DFND		0	4,732	0
iShares U.S. Industrials ETF	ETF	464287754	1,464	13,053	SH		DFND		0	13,053	0
iShares U.S. Medical Devices ETF	ETF	464288810	665	10,179	SH		DFND		0	10,179	0
ISHARES U.S. REAL ESTATE ETF	ETF	464287739	2,361	22,177	SH		DFND		0	22,177	0
iShares U.S. Technology ETF	ETF	464287721	937	8,990	SH		DFND		0	8,990	0
ISHARES US BASIC MATERIALS ETF IV	ETF	464287838	2,943	22,319	SH		DFND		0	22,319	0
iShares US Treasury Bond ETF	ETF	46429B267	413	15,487	SH		DFND		0	15,487	0
ISHS MSCI GLOBAL MIN VOLFCT ETF IV	ETF	464286525	355	3,385	SH		DFND		0	3,385	0
J2 Global Inc	COM	48123V102	1,977	14,686	SH		DFND		0	14,686	0
Jazz Pharmaceuticals PLC	COM	G50871105	1,132	7,501	SH		DFND		0	7,501	0
Johnson & Johnson	COM	478160104	2,988	17,235	SH		DFND		0	17,235	0
Leidos Holdings Inc	COM	525327102	750	8,007	SH		DFND		0	8,007	0
Lockheed Martin Corp	COM	539830109	258	715	SH		DFND		0	715	0
LPL Finl Hldgs Inc	COM	50212V100	1,898	13,065	SH		DFND		0	13,065	0
MAIN STREET CAPITAL	COM	56035L104	311	7,435	SH		DFND		0	7,435	0
Marathon Oil Corp	COM	565849106	285	24,164	SH		DFND		0	24,164	0
Marriott Intl Inc Cl A	COM	571903202	237	1,734	SH		DFND		0	1,734	0
Marsh & McLennan Co Inc	COM	571748102	674	4,477	SH		DFND		0	4,477	0
Mastercard Inc	COM	57636Q104	320	865	SH		DFND		0	865	0
McDonald's Corporation	COM	580135101	433	1,871	SH		DFND		0	1,871	0
MDC Holdings Inc	COM	552676108	1,421	27,796	SH		DFND		0	27,796	0
Mettler-Toledo International Inc	COM	592688105	304	200	SH		DFND		0	200	0
Microsoft Corp	COM	594918104	2,286	7,948	SH		DFND		0	7,948	0
Molson Coors Beverage Company Class B	COM	60871R209	1,874	37,994	SH		DFND		0	37,994	0
MULTIPLAN CORPORATION COM	COM	62548M100	119	13,050	SH		DFND		0	13,050	0
Nano Dimension Ltd Adr	COM	63008G203	131	18,212	SH		DFND		0	18,212	0
National Cinemedia Inc	COM	635309107	2,574	835,920	SH		DFND		0	835,920	0
National Health Investors Inc	COM	63633D104	315	4,823	SH		DFND		0	4,823	0
Navient Corp	COM	63938C108	2,717	126,377	SH		DFND		0	126,377	0
Netflix Inc	COM	64110L106	271	521	SH		DFND		0	521	0
Nike Inc Class B	COM	654106103	405	2,393	SH		DFND		0	2,393	0
NIO Inc ADS	COM	62914V106	384	7,771	SH		DFND		0	7,771	0
Norwegian Cruise Line Holdings	COM	G66721104	1,261	51,170	SH		DFND		0	51,170	0
Nucor Corp	COM	670346105	312	2,894	SH		DFND		0	2,894	0
NVIDIA Corp	COM	67066G104	622	3,007	SH		DFND		0	3,007	0
O Reilly Automotive Inc	COM	67103H107	1,428	2,386	SH		DFND		0	2,386	0
Origin Material Inc	COM	68622D106	130	20,838	SH		DFND		0	20,838	0
OWL ROCK CAPITAL CORPORATION COM	COM	69121K104	390	27,117	SH		DFND		0	27,117	0
OXFORD LANE CAPITAL CORP	COM	691543102	109	14,448	SH		DFND		0	14,448	0
PACIFIC OAK STRATEGIC	COM	694701103	212	21,988	SH		DFND		0	21,988	0
PARATEK PHARMACEUTICALS INC COM	COM	699374302	127	19,550	SH		DFND		0	19,550	0
PayPal Holdings Inc	COM	70450Y103	247	889	SH		DFND		0	889	0
Penske Automotive Group Inc	COM	70959W103	1,760	20,283	SH		DFND		0	20,283	0
Pepsico Incorporated	COM	713448108	257	1,701	SH		DFND		0	1,701	0
Pfizer Inc	COM	717081103	397	9,013	SH		DFND		0	9,013	0
PHILLIPS EDISON &AMP CO INC	COM	71844V300	416	13,849	SH		DFND		0	13,849	0
Pinnacle Financial Partners Inc	COM	72346Q104	316	3,339	SH		DFND		0	3,339	0
PIONEER MUNICIPAL HIGH INCOME	COM	723762100	198	16,400	SH		DFND		0	16,400	0
Plug Power Inc	COM	72919P202	629	20,410	SH		DFND		0	20,410	0
Potnetwork Holdings Inc	COM	737636209	0	45,300	SH		DFND		0	45,300	0
PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF	ETF	74348A467	866	9,352	SH		DFND		0	9,352	0
Q Biomed Inc Com	COM	74736N105	7	10,615	SH		DFND		0	10,615	0
QELL ACQUISITION CORP CL A	COM	G7307X105	184	18,550	SH		DFND		0	18,550	0
Qorvo Inc	COM	74736K101	1,999	10,328	SH		DFND		0	10,328	0
Qualcomm Incorporated	COM	747525103	603	4,118	SH		DFND		0	4,118	0
Raytheon Technologies Corp	COM	75513E101	203	2,347	SH		DFND		0	2,347	0
Restaurant Brands International Inc	COM	76131D103	1,144	18,078	SH		DFND		0	18,078	0
S&P Global Inc	COM	78409V104	1,901	4,359	SH		DFND		0	4,359	0
Sabra Health Care REIT Inc	COM	78573L106	2,112	123,318	SH		DFND		0	123,318	0
Schwab Emerging Markets Equity ETF	ETF	808524706	761	24,493	SH		DFND		0	24,493	0
Schwab US Broad Market ETF	ETF	808524102	8,989	83,995	SH		DFND		0	83,995	0
SCHWAB US DIVIDEND EQUITY ETF	ETF	808524797	1,654	21,629	SH		DFND		0	21,629	0
SCHWAB US LARGE CAP VALUE ETF	ETF	808524300	878	12,566	SH		DFND		0	12,566	0
Schwab US Large Cap ETF	ETF	808524201	6,657	62,026	SH		DFND		0	62,026	0
Schwab US Large Cap Growth	ETF	808524300	1,195	7,858	SH		DFND		0	7,858	0
Schwab US Small Cap ETF	ETF	808524607	1,311	12,881	SH		DFND		0	12,881	0
SILA REALTY TRUST INC	COM	146280102	214	24,666	SH		DFND		0	24,666	0
Southern Company	COM	842587107	275	4,252	SH		DFND		0	4,252	0
Southwest Airlines Co	COM	844741108	668	13,441	SH		DFND		0	13,441	0
SPDR Barclay Convertible Securites	ETF	78464A359	1,047	12,147	SH		DFND		0	12,147	0
SPDR Blackstone / GSO Senior Loan ETF	ETF	78467V608	785	17,190	SH		DFND		0	17,190	0
SPDR Financial Select Sector	ETF	81369Y605	371	9,943	SH		DFND		0	9,943	0
SPDR Gold Shares	ETF	78463V107	511	3,149	SH		DFND		0	3,149	0
SPDR Index Shs S&P China	ETF	78463X400	596	5,099	SH		DFND		0	5,099	0
SPDR MSCI USA STRATEGICFACTORS ETF	ETF	78468R812	304	2,465	SH		DFND		0	2,465	0
SPDR Portfolio LargeCap	ETF	78464A854	930	17,901	SH		DFND		0	17,901	0
SPDR S&P 500 Trust	ETF	78462F103	5,129	11,606	SH		DFND		0	11,606	0
SPDR S&P 500 Value ETF	ETF	78464A508	559	13,916	SH		DFND		0	13,916	0
SPDR S&P Biotech	ETF	78464A870	317	2,488	SH		DFND		0	2,488	0
SPDR S&P Emerging Markets Small Cap	ETF	78463X756	918	15,359	SH		DFND		0	15,359	0
SPDR Technology Select Sector	ETF	81369Y803	206	1,338	SH		DFND		0	1,338	0
SPDR Utilities Select Sector	ETF	81369Y886	456	6,778	SH		DFND		0	6,778	0
SPROTT PHYSICAL GOLD & SILVER TR UNIT	COM	85208R101	456	24,442	SH		DFND		0	24,442	0
Stryker Corp	COM	863667101	215	837	SH		DFND		0	837	0
Takeda Pharmaceutical Co Ltd ADR	COM	874060205	2,094	127,540	SH		DFND		0	127,540	0
Tegna Inc	COM	87901J105	1,846	104,948	SH		DFND		0	104,948	0
Tesla Inc	COM	88160R101	422	593	SH		DFND		0	593	0
Triton International Ltd	COM	G9078F107	1,999	38,046	SH		DFND		0	38,046	0
TWC TECH HLDGS II CORP COM	COM	90117G105	101	10,250	SH		DFND		0	10,250	0
United Development Funding IV	COM	910187103	0	68,211	SH		DFND		0	68,211	0
Vale SA ADR	COM	91912E105	1,407	67,515	SH		DFND		0	67,515	0
VanEck Vectors Business Development Co	ETF	92189F411	407	23,852	SH		DFND		0	23,852	0
VanEck Vectors Morningstar Wide Moat Research	ETF	92189F643	2,188	28,925	SH		DFND		0	28,925	0
VanEck Vectors Russia	ETF	92189F403	562	19,478	SH		DFND		0	19,478	0
Vanguard Developed Markets Index Fund ETF	ETF	921943858	1,335	25,582	SH		DFND		0	25,582	0
VANGUARD EXPLORER ADMIRAL	ETF	921926200	212	1,571	SH		DFND		0	1,571	0
Vanguard Financials ETF	ETF	92204A405	376	4,030	SH		DFND		0	4,030	0
Vanguard FTSE Emerging Markets	ETF	922042858	284	5,490	SH		DFND		0	5,490	0
Vanguard Growth	ETF	922908736	561	1,894	SH		DFND		0	1,894	0
Vanguard Intermediate Term Corporate Bond ETF	ETF	92206C870	1,814	19,076	SH		DFND		0	19,076	0
Vanguard Intermediate Term Treasury ETF	ETF	92206C706	288	4,238	SH		DFND		0	4,238	0
VANGUARD MID-CAP INDEX FUND	ETF	922908629	314	1,305	SH		DFND		0	1,305	0
Vanguard Mortgage Backed Sec Indx ETF	ETF	92206C771	639	11,962	SH		DFND		0	11,962	0
Vanguard S&P 500	ETF	922908363	304	748	SH		DFND		0	748	0
Vanguard Small-Cap Value	ETF	922908611	552	3,209	SH		DFND		0	3,209	0
Vanguard Total Bond Market	ETF	921937835	250	2,909	SH		DFND		0	2,909	0
Vanguard Total Stock Market	ETF	922908769	533	2,356	SH		DFND		0	2,356	0
VANGUARD TOTAL STOCK MARKET INDEX ADMIRAL	ETF	922908728	365	3,370	SH		DFND		0	3,370	0
Vanguard Value	ETF	922908744	368	2,646	SH		DFND		0	2,646	0
Ventas Inc	COM	92276F100	507	8,833	SH		DFND		0	8,833	0
VERASTEM INC COM	COM	92337C104	88	25,250	SH		DFND		0	25,250	0
Vereit Inc Com	COM	92339V308	911	18,557	SH		DFND		0	18,557	0
Verizon Communications	COM	92343V104	433	7,840	SH		DFND		0	7,840	0
ViacomCBS Inc B	COM	92556H206	337	8,378	SH		DFND		0	8,378	0
Visa Inc	COM	92826C839	438	1,843	SH		DFND		0	1,843	0
W.P. Carey Inc.	COM	92936U109	465	5,812	SH		DFND		0	5,812	0
Walmart Inc	COM	931142103	222	1,549	SH		DFND		0	1,549	0
Walt Disney Co	COM	254687106	381	2,161	SH		DFND		0	2,161	0
Waste Management Inc	COM	94106L109	277	1,953	SH		DFND		0	1,953	0
WILDERMUTH ENDOWMENTSTRATEGY FD CL A	COM	96812D107	3,054	218,507	SH		DFND		0	218,507	0
Wisdomtree China Ex State Owned Enterprises	ETF	97717X719	848	14,603	SH		DFND		0	14,603	0
WisdomTree EmMkts ex-Stt-Ownd Entrprs	ETF	97717X578	867	22,068	SH		DFND		0	22,068	0
Zoom Video Communications Inc	COM	98980L101	351	918	SH		DFND		0	918	0