BASSO CAPITAL MANAGEMENT, L.P. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ITOT	ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	3,312	$492	0.3%	$148.69	—	CORE S&P TTL STK	464287150
SCHD	SCHWAB US DIVIDEND EQUITY ETF	17,534	$481	0.3%	$27.43	—	US DIVIDEND EQ	808524797
GSLC	TR ACTIVEBETA US LARGE CAP EQUITY ETF	2,958	$392	0.2%	$132.37	—	ACTIVEBETA US LG	381430503
PALL	ABRDN PHYSICAL PALLADIUM SHARES ETF	2,690	$391	0.2%	$145.38	—	PHYSICAL PALLADM	003262102
DGRO	ISHARES CORE DIVIDEND GROWTH ETF	4,500	$312	0.2%	$69.42	—	CORE DIV GRWTH	46434V621
JAAA	JANUS HENDERSON AAA CLO ETF	5,413	$274	0.2%	$50.58	—	HENDRSON AAA CL	47103U845
LIN	LINDE PLC SHS	592	$252	0.2%	$427.28	0.0%	SHS	G54950103
VTV	VANGUARD VALUE ETF	1,155	$221	0.1%	$190.99	—	VALUE ETF	922908744
BXSL	BLACKSTONE SECD LENDING FD COMMON STOCK	8,200	$216	0.1%	$26.09	0.0%	COMMON STOCK	09261X102
VG	VENTURE GLOBAL INC COM CL A	25,000	$171	0.1%	$8.31	0.0%	COM CL A	92333F101
QUAL	ISHARES MSCI USA QUALITY FACTOR ETF	568	$113	0.1%	$198.62	—	MSCI USA QLT FCT	46432F339
KO	COCA COLA CO COM	1,606	$112	0.1%	$69.40	0.0%	COM	191216100
ABBV	ABBVIE INC COM	472	$108	0.1%	$227.54	0.0%	COM	00287Y109
OEF	ISHARES S&P 100 ETF	300	$103	0.1%	$342.97	—	S&P 100 ETF	464287101
AAPL	APPLE INC COM	324	$88	0.1%	$268.34	0.0%	COM	037833100
BMY	BRISTOL-MYERS SQUIBB CO COM	1,584	$85	0.1%	$47.53	0.0%	COM	110122108
AVGO	BROADCOM INC COM	240	$83	0.0%	$357.00	0.0%	COM	11135F101
MS	MORGAN STANLEY COM NEW	444	$79	0.0%	$166.47	0.0%	COM NEW	617446448
GD	GENERAL DYNAMICS CORP COM	230	$77	0.0%	$340.86	0.0%	COM	369550108
JNJ	JOHNSON & JOHNSON COM	325	$67	0.0%	$197.01	0.0%	COM	478160104
HD	HOME DEPOT INC COM	170	$58	0.0%	$364.59	0.0%	COM	437076102
MCD	MCDONALDS CORP COM	183	$56	0.0%	$305.09	0.0%	COM	580135101
IYW	ISHARES U.S. TECHNOLOGY ETF	270	$54	0.0%	$199.68	—	U.S. TECH ETF	464287721
ETR	ENTERGY CORP NEW COM	506	$47	0.0%	$94.54	0.0%	COM	29364G103
XLV	STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF	286	$44	0.0%	$154.80	—	STATE STREET HEA	81369Y209
HON	HONEYWELL INTL INC COM	172	$34	0.0%	$195.03	0.0%	COM	438516106
SO	SOUTHERN CO COM	370	$32	0.0%	$90.89	0.0%	COM	842587107
LLY	ELI LILLY & CO COM	28	$30	0.0%	$955.55	0.0%	COM	532457108
ORCL	ORACLE CORP COM	151	$29	0.0%	$238.05	0.0%	COM	68389X105
PG	PROCTER AND GAMBLE CO COM	192	$28	0.0%	$147.17	0.0%	COM	742718109
CVX	CHEVRON CORP NEW COM	179	$27	0.0%	$151.40	0.0%	COM	166764100
DUK	DUKE ENERGY CORP NEW COM NEW	212	$25	0.0%	$121.57	0.0%	COM NEW	26441C204
LMT	LOCKHEED MARTIN CORP COM	51	$25	0.0%	$476.18	0.0%	COM	539830109
EMR	EMERSON ELEC CO COM	185	$25	0.0%	$132.37	0.0%	COM	291011104
IJR	ISHARES CORE S&P SMALL CAP ETF	202	$24	0.0%	$120.18	—	CORE S&P SCP ETF	464287804
AZO	AUTOZONE INC COM	7	$24	0.0%	$3777.86	0.0%	COM	053332102
EWS	ISHARES MSCI SINGAPORE ETF	500	$14	0.0%	$27.51	—	MSCI SINGPOR ETF	46434G780
MA	MASTERCARD INCORPORATED CL A	22	$13	0.0%	$558.95	0.0%	CL A	57636Q104
UNH	UNITEDHEALTH GROUP INC COM	36	$12	0.0%	$337.21	0.0%	COM	91324P102
XLP	STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF	100	$8	0.0%	$77.68	—	STATE STREET COM	81369Y308
CSCO	CISCO SYS INC COM	100	$8	0.0%	$73.79	0.0%	COM	17275R102

Increased Positions (31)

IWM ISHARES RUSSELL 2000 ETF 5.5%

Value ($000) $9,218 (+590.0%) Shares 37,447 (+578.3%) Est. Cost $245.45 Unrealized —

PAAA PGIM AAA CLO ETF 4.7%

Value ($000) $7,820 (+38.1%) Shares 152,556 (+38.8%) Est. Cost $51.40 Unrealized —

SLV ISHARES SILVER TRUST 3.0%

Value ($000) $4,958 (+68.0%) Shares 76,970 (+10.5%) Est. Cost $36.28 Unrealized —

GOOGL ALPHABET INC CAP STK CL A 2.2%

Value ($000) $3,674 (+60.1%) Shares 11,737 (+24.3%) Est. Cost $175.64 Unrealized +62.6%

GLD SPDR GOLD SHARES 6.0%

Value ($000) $10,120 (+15.7%) Shares 25,535 (+3.8%) Est. Cost $209.43 Unrealized —

PPLT ABRDN PHYSICAL PLATINUM SHARES ETF 0.9%

Value ($000) $1,545 (+437.9%) Shares 8,286 (+312.2%) Est. Cost $175.87 Unrealized —

EWY ISHARES MSCI SOUTH KOREA ETF 0.6%

Value ($000) $1,028 (+883.3%) Shares 10,572 (+710.1%) Est. Cost $95.11 Unrealized —

VTI VANGUARD TOTAL STOCK MARKET ETF 10.0%

Value ($000) $16,751 (+5.5%) Shares 49,963 (+3.3%) Est. Cost $216.93 Unrealized —

QQQ INVESCO QQQ TRUST SERIES I 0.9%

Value ($000) $1,500 (+98.8%) Shares 2,442 (+94.3%) Est. Cost $492.91 Unrealized —

EMXC ISHARES MSCI EMERGING MARKETS EX CHINA ETF 1.7%

Value ($000) $2,779 (+33.1%) Shares 38,230 (+23.7%) Est. Cost $66.20 Unrealized —

CPER UNITED STATES COPPER INDEX FUND 0.5%

Value ($000) $891 (+207.6%) Shares 25,475 (+164.0%) Est. Cost $33.54 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW 0.4%

Value ($000) $600 (+2031.8%) Shares 1,194 (+2032.1%) Est. Cost $497.09 Unrealized +0.1%

BBJP JPMORGAN BETABUILDERS JAPAN ETF 0.5%

Value ($000) $919 (+101.1%) Shares 13,945 (+102.4%) Est. Cost $63.87 Unrealized —

CLOZ ELDRIDGE BBB-B CLO ETF 1.1%

Value ($000) $1,896 (+26.8%) Shares 71,589 (+28.4%) Est. Cost $26.74 Unrealized —

GOOG ALPHABET INC CAP STK CL C 0.2%

Value ($000) $370 (+127.7%) Shares 1,179 (+76.8%) Est. Cost $229.80 Unrealized +24.6%

VGSH VANGUARD SHORT-TERM TREASURY ETF 0.2%

Value ($000) $380 (+87.6%) Shares 6,477 (+88.0%) Est. Cost $58.69 Unrealized —

IVW ISHARES S&P 500 GROWTH ETF 0.1%

Value ($000) $188 (+673.1%) Shares 1,522 (+657.2%) Est. Cost $116.29 Unrealized —

URA GLOBAL X URANIUM ETF 0.8%

Value ($000) $1,392 (+13.3%) Shares 32,575 (+26.4%) Est. Cost $37.79 Unrealized —

MSFT MICROSOFT CORP COM 0.9%

Value ($000) $1,466 (+12.4%) Shares 3,031 (+20.4%) Est. Cost $377.85 Unrealized +32.5%

NVDA NVIDIA CORPORATION COM 0.1%

Value ($000) $223 (+199.4%) Shares 1,198 (+199.5%) Est. Cost $182.18 Unrealized +2.2%

NVO NOVO-NORDISK A S ADR 0.3%

Value ($000) $496 (+37.5%) Shares 9,750 (+50.0%) Est. Cost $53.95 Unrealized —

TRGP TARGA RES CORP COM 0.7%

Value ($000) $1,204 (+11.8%) Shares 6,525 (+1.6%) Est. Cost $100.61 Unrealized +67.1%

DABS DOUBLELINE ABS ETF 0.2%

Value ($000) $280 (+56.6%) Shares 5,500 (+57.1%) Est. Cost $50.76 Unrealized —

QQQM INVESCO NASDAQ 100 ETF 1.2%

Value ($000) $2,044 (+4.4%) Shares 8,081 (+2.0%) Est. Cost $219.34 Unrealized —

META META PLATFORMS INC CL A 0.1%

Value ($000) $231 (+57.3%) Shares 350 (+75.0%) Est. Cost $710.70 Unrealized -6.1%

MO ALTRIA GROUP INC COM 0.1%

Value ($000) $133 (+169.4%) Shares 2,315 (+208.7%) Est. Cost $52.94 Unrealized +12.1%

HESM HESS MIDSTREAM LP CL A SHS 0.6%

Value ($000) $1,001 (+4.4%) Shares 29,000 (+4.5%) Est. Cost $29.94 Unrealized +8.9%

ED CONSOLIDATED EDISON INC COM 0.1%

Value ($000) $103 (+60.4%) Shares 1,042 (+62.3%) Est. Cost $91.19 Unrealized +8.3%

XLU STATE STREET UTILITIES SELECT SECTOR SPDR ETF 0.0%

Value ($000) $38 (-35.1%) Shares 884 (+32.5%) Est. Cost $71.43 Unrealized —

EEMS ISHARES MSCI EMERGING MARKETS SMALL CAP ETF 0.0%

Value ($000) $7 (+37.3%) Shares 105 (+38.2%) Est. Cost $57.42 Unrealized —

XLE STATE STREET ENERGY SELECT SECTOR SPDR ETF 0.1%

Value ($000) $224 (+0.1%) Shares 5,010 (+100.0%) Est. Cost $66.60 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES RUSSELL 2000 ETF	37,447 (+578.3%)	$9,218 (+590.0%)	5.5%	$245.45	—	RUSSELL 2000 ETF	464287655
PAAA	PGIM AAA CLO ETF	152,556 (+38.8%)	$7,820 (+38.1%)	4.7%	$51.40	—	AAA CLO ETF	69344A834
SLV	ISHARES SILVER TRUST	76,970 (+10.5%)	$4,958 (+68.0%)	3.0%	$36.28	—	ISHARES	46428Q109
GOOGL	ALPHABET INC CAP STK CL A	11,737 (+24.3%)	$3,674 (+60.1%)	2.2%	$175.64	+62.6%	CAP STK CL A	02079K305
GLD	SPDR GOLD SHARES	25,535 (+3.8%)	$10,120 (+15.7%)	6.0%	$209.43	—	GOLD SHS	78463V107
PPLT	ABRDN PHYSICAL PLATINUM SHARES ETF	8,286 (+312.2%)	$1,545 (+437.9%)	0.9%	$175.87	—	PHYSICAL PLATM SHS	003260106
EWY	ISHARES MSCI SOUTH KOREA ETF	10,572 (+710.1%)	$1,028 (+883.3%)	0.6%	$95.11	—	MSCI STH KOR ETF	464286772
VTI	VANGUARD TOTAL STOCK MARKET ETF	49,963 (+3.3%)	$16,751 (+5.5%)	10.0%	$216.93	—	TOTAl STK MKT	922908769
QQQ	INVESCO QQQ TRUST SERIES I	2,442 (+94.3%)	$1,500 (+98.8%)	0.9%	$492.91	—	UNIT SER 1	46090E103
EMXC	ISHARES MSCI EMERGING MARKETS EX CHINA ETF	38,230 (+23.7%)	$2,779 (+33.1%)	1.7%	$66.20	—	MSCI EMRG CHN	46434G764
CPER	UNITED STATES COPPER INDEX FUND	25,475 (+164.0%)	$891 (+207.6%)	0.5%	$33.54	—	CM REP COPP FD	911718104
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	1,194 (+2032.1%)	$600 (+2031.8%)	0.4%	$497.09	+0.1%	CL B NEW	084670702
BBJP	JPMORGAN BETABUILDERS JAPAN ETF	13,945 (+102.4%)	$919 (+101.1%)	0.5%	$63.87	—	BETABULDRS JAPAN	46641Q217
CLOZ	ELDRIDGE BBB-B CLO ETF	71,589 (+28.4%)	$1,896 (+26.8%)	1.1%	$26.74	—	ELDRIDGE AAA CLO	81752T528
GOOG	ALPHABET INC CAP STK CL C	1,179 (+76.8%)	$370 (+127.7%)	0.2%	$229.80	+24.6%	CAP STK CL C	02079K107
VGSH	VANGUARD SHORT-TERM TREASURY ETF	6,477 (+88.0%)	$380 (+87.6%)	0.2%	$58.69	—	SHORT TERM TREAS	92206C102
IVW	ISHARES S&P 500 GROWTH ETF	1,522 (+657.2%)	$188 (+673.1%)	0.1%	$116.29	—	S&P 500 GRWT ETF	464287309
URA	GLOBAL X URANIUM ETF	32,575 (+26.4%)	$1,392 (+13.3%)	0.8%	$37.79	—	GLOBAL X URANIUM	37954Y871
MSFT	MICROSOFT CORP COM	3,031 (+20.4%)	$1,466 (+12.4%)	0.9%	$377.85	+32.5%	COM	594918104
NVDA	NVIDIA CORPORATION COM	1,198 (+199.5%)	$223 (+199.4%)	0.1%	$182.18	+2.2%	COM	67066G104
NVO	NOVO-NORDISK A S ADR	9,750 (+50.0%)	$496 (+37.5%)	0.3%	$53.95	—	ADR	670100205
TRGP	TARGA RES CORP COM	6,525 (+1.6%)	$1,204 (+11.8%)	0.7%	$100.61	+67.1%	COM	87612G101
DABS	DOUBLELINE ABS ETF	5,500 (+57.1%)	$280 (+56.6%)	0.2%	$50.76	—	ASSET BACKED SEC	25861R808
QQQM	INVESCO NASDAQ 100 ETF	8,081 (+2.0%)	$2,044 (+4.4%)	1.2%	$219.34	—	NASDAQ 100 ETF	46138G649
META	META PLATFORMS INC CL A	350 (+75.0%)	$231 (+57.3%)	0.1%	$710.70	-6.1%	CL A	30303M102
MO	ALTRIA GROUP INC COM	2,315 (+208.7%)	$133 (+169.4%)	0.1%	$52.94	+12.1%	COM	02209S103
HESM	HESS MIDSTREAM LP CL A SHS	29,000 (+4.5%)	$1,001 (+4.4%)	0.6%	$29.94	+8.9%	CL A SHARES	428103105
ED	CONSOLIDATED EDISON INC COM	1,042 (+62.3%)	$103 (+60.4%)	0.1%	$91.19	+8.3%	COM	209115104
XLU	STATE STREET UTILITIES SELECT SECTOR SPDR ETF	884 (+32.5%)	$38 (-35.1%)	0.0%	$71.43	—	STATE STREET UTI	81369Y886
EEMS	ISHARES MSCI EMERGING MARKETS SMALL CAP ETF	105 (+38.2%)	$7 (+37.3%)	0.0%	$57.42	—	EM MKT SM-CP ETF	464286475
XLE	STATE STREET ENERGY SELECT SECTOR SPDR ETF	5,010 (+100.0%)	$224 (+0.1%)	0.1%	$66.60	—	STATE STREET ENE	81369Y506

Exited Positions (4)

KBA KRANESHARES BOSERA MSCI CHINA A 50 CONNECT INDEX ETF 0.3%

Value ($000) $502 Shares 16,695 Est. Cost $29.99 Unrealized —

FXE INVESCO CURRENCYSHARES EURO TRUST 0.2%

Value ($000) $368 Shares 3,400 Est. Cost $108.79 Unrealized —

STIP ISHARES 0-5 YEAR TIPS BOND ETF 0.1%

Value ($000) $207 Shares 2,000 Est. Cost $103.37 Unrealized —

INDA ISHARES MSCI INDIA ETF 0.0%

Value ($000) $2 Shares 30 Est. Cost $55.68 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KBA	KRANESHARES BOSERA MSCI CHINA A 50 CONNECT INDEX ETF	16,695	$502	0.3%	$29.99	—	—	500767405
FXE	INVESCO CURRENCYSHARES EURO TRUST	3,400	$368	0.2%	$108.79	—	—	46138K103
STIP	ISHARES 0-5 YEAR TIPS BOND ETF	2,000	$207	0.1%	$103.37	—	—	46429B747
INDA	ISHARES MSCI INDIA ETF	30	$2	0.0%	$55.68	—	—	46429B598

Decreased Positions (10)

RSP INVESCO S&P 500 EQUAL WEIGHT ETF 5.4%

Value ($000) $9,117 (-33.0%) Shares 47,591 (-33.7%) Est. Cost $164.16 Unrealized —

IJH ISHARES CORE S&P MID-CAP ETF 0.1%

Value ($000) $89 (-93.7%) Shares 1,352 (-93.7%) Est. Cost $60.37 Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN FUND 1.1%

Value ($000) $1,881 (-38.4%) Shares 24,675 (-19.4%) Est. Cost $80.12 Unrealized —

FETH FIDELITY ETHEREUM FUND ETF 0.0%

Value ($000) $4 (-99.1%) Shares 140 (-98.7%) Est. Cost $41.55 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS COM 0.8%

Value ($000) $1,299 (-21.6%) Shares 4,386 (-25.3%) Est. Cost $250.00 Unrealized +19.5%

WHF WHITEHORSE FIN INC COM 0.3%

Value ($000) $556 (-30.2%) Shares 80,000 (-30.5%) Est. Cost $12.63 Unrealized -43.7%

FSK FS KKR CAP CORP COM 0.4%

Value ($000) $703 (-21.5%) Shares 47,500 (-20.8%) Est. Cost $11.47 Unrealized +28.1%

AMZN AMAZON COM INC COM 0.2%

Value ($000) $263 (-35.1%) Shares 1,138 (-38.3%) Est. Cost $145.11 Unrealized +57.7%

KWEB KRANESHARES CSI CHINA INTERNET ETF 0.1%

Value ($000) $221 (-25.0%) Shares 6,500 (-7.5%) Est. Cost $39.48 Unrealized —

SOXX ISHARES SEMICONDUCTOR ETF 0.1%

Value ($000) $193 (-3.7%) Shares 641 (-13.3%) Est. Cost $284.59 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO S&P 500 EQUAL WEIGHT ETF	47,591 (-33.7%)	$9,117 (-33.0%)	5.4%	$164.16	—	S&P500 EQL WGT	46137V357
IJH	ISHARES CORE S&P MID-CAP ETF	1,352 (-93.7%)	$89 (-93.7%)	0.1%	$60.37	—	CORE S&P MCP ETF	464287507
FBTC	FIDELITY WISE ORIGIN BITCOIN FUND	24,675 (-19.4%)	$1,881 (-38.4%)	1.1%	$80.12	—	SHS	315948109
FETH	FIDELITY ETHEREUM FUND ETF	140 (-98.7%)	$4 (-99.1%)	0.0%	$41.55	—	SHS	31613E103
IBM	INTERNATIONAL BUSINESS MACHS COM	4,386 (-25.3%)	$1,299 (-21.6%)	0.8%	$250.00	+19.5%	COM	459200101
WHF	WHITEHORSE FIN INC COM	80,000 (-30.5%)	$556 (-30.2%)	0.3%	$12.63	-43.7%	COM	96524V106
FSK	FS KKR CAP CORP COM	47,500 (-20.8%)	$703 (-21.5%)	0.4%	$11.47	+28.1%	COM	302635206
AMZN	AMAZON COM INC COM	1,138 (-38.3%)	$263 (-35.1%)	0.2%	$145.11	+57.7%	COM	023135106
KWEB	KRANESHARES CSI CHINA INTERNET ETF	6,500 (-7.5%)	$221 (-25.0%)	0.1%	$39.48	—	CSI CHI INTERNET	500767306
SOXX	ISHARES SEMICONDUCTOR ETF	641 (-13.3%)	$193 (-3.7%)	0.1%	$284.59	—	ISHARES SEMICDTR	464287523

Unchanged Positions (33)

IBIT ISHARES BITCOIN TRUST ETF 1.7%

Value ($000) $2,864 Shares 57,685 Est. Cost $52.13 Unrealized —

VOO VANGUARD S&P 500 ETF 20.5%

Value ($000) $34,416 Shares 54,879 Est. Cost $398.87 Unrealized —

SPY SPDR S&P 500 ETF TRUST 11.0%

Value ($000) $18,524 Shares 27,165 Est. Cost $401.29 Unrealized —

MPLX MPLX LP COM UNIT REP LTD 2.3%

Value ($000) $3,800 Shares 71,200 Est. Cost $33.27 Unrealized —

LNG CHENIERE ENERGY INC COM NEW 0.4%

Value ($000) $739 Shares 3,800 Est. Cost $172.82 Unrealized +21.5%

ET ENERGY TRANSFER L P COM UT LTD PTN 1.9%

Value ($000) $3,216 Shares 195,000 Est. Cost $12.18 Unrealized —

WMB WILLIAMS COS INC COM 1.1%

Value ($000) $1,830 Shares 30,450 Est. Cost $28.24 Unrealized +112.7%

PAA PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN 0.6%

Value ($000) $973 Shares 54,200 Est. Cost $12.17 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L P COM 1.2%

Value ($000) $2,045 Shares 63,800 Est. Cost $24.12 Unrealized —

DFUV DIMENSIONAL US MARKETWIDE VALUE ETF 0.3%

Value ($000) $550 Shares 11,800 Est. Cost $33.48 Unrealized —

SUN SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 0.2%

Value ($000) $298 Shares 5,680 Est. Cost $56.14 Unrealized —

OKE ONEOK INC NEW COM 1.1%

Value ($000) $1,863 Shares 25,352 Est. Cost $58.08 Unrealized +21.3%

PBA PEMBINA PIPELINE CORP COM 0.1%

Value ($000) $190 Shares 5,001 Est. Cost $28.92 Unrealized +33.0%

VHT VANGUARD HEALTH CARE ETF 0.1%

Value ($000) $115 Shares 398 Est. Cost $248.05 Unrealized —

WES WESTERN MIDSTREAM PARTNERS LP COM UNIT LP INT 1.0%

Value ($000) $1,665 Shares 42,150 Est. Cost $27.13 Unrealized —

TRP TC ENERGY CORP COM 0.4%

Value ($000) $735 Shares 13,370 Est. Cost $36.81 Unrealized +45.0%

SU SUNCOR ENERGY INC NEW COM 0.1%

Value ($000) $120 Shares 2,700 Est. Cost $28.97 Unrealized +45.9%

CNQ CANADIAN NAT RES LTD COM 0.0%

Value ($000) $81 Shares 2,400 Est. Cost $30.56 Unrealized +6.1%

PSX PHILLIPS 66 COM 0.0%

Value ($000) $79 Shares 612 Est. Cost $91.37 Unrealized +46.7%

JPM JPMORGAN CHASE & CO. COM 0.1%

Value ($000) $195 Shares 604 Est. Cost $138.93 Unrealized +122.8%

VPU VANGUARD UTILITIES ETF 0.1%

Value ($000) $167 Shares 902 Est. Cost $150.12 Unrealized —

AEE AMEREN CORP COM 0.0%

Value ($000) $79 Shares 796 Est. Cost $77.30 Unrealized +31.9%

VO VANGUARD MID-CAP ETF 0.1%

Value ($000) $252 Shares 867 Est. Cost $203.81 Unrealized —

SOBO SOUTH BOW CORP COM 0.0%

Value ($000) $73 Shares 2,674 Est. Cost $22.97 Unrealized +18.3%

MOAT VANECK MORNINGSTAR WIDE MOAT ETF 0.0%

Value ($000) $28 Shares 270 Est. Cost $79.79 Unrealized —

SPYM STATE STREET SPDR PORTFOLIO S&P 500 ETF 0.0%

Value ($000) $47 Shares 582 Est. Cost $68.94 Unrealized —

PEP PEPSICO INC COM 0.0%

Value ($000) $51 Shares 352 Est. Cost $160.89 Unrealized -9.3%

PM PHILIP MORRIS INTL INC COM 0.0%

Value ($000) $62 Shares 389 Est. Cost $83.71 Unrealized +83.5%

SCHG SCHWAB U.S. LARGE-CAP GROWTH ETF 0.0%

Value ($000) $23 Shares 692 Est. Cost $27.87 Unrealized —

DYNF ISHARES U.S. EQUITY FACTOR ROTATION ACTIVE ETF 0.0%

Value ($000) $18 Shares 292 Est. Cost $51.25 Unrealized —

BP BP PLC SPONSORED ADR 0.0%

Value ($000) $52 Shares 1,500 Est. Cost $35.29 Unrealized —

VXF VANGUARD EXTENDED MARKET ETF 0.1%

Value ($000) $251 Shares 1,198 Est. Cost $132.86 Unrealized —

CLOB VANECK AA-BB CLO ETF 0.0%

Value ($000) $9 Shares 185 Est. Cost $50.99 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBIT	ISHARES BITCOIN TRUST ETF	57,685	$2,864	1.7%	$52.13	—	SHS BEN INT	46438F101
VOO	VANGUARD S&P 500 ETF	54,879	$34,416	20.5%	$398.87	—	S&P 500 ETF SHS	922908363
SPY	SPDR S&P 500 ETF TRUST	27,165	$18,524	11.0%	$401.29	—	TR UNIT	78462F103
MPLX	MPLX LP COM UNIT REP LTD	71,200	$3,800	2.3%	$33.27	—	COM UNIT REP LTD	55336V100
LNG	CHENIERE ENERGY INC COM NEW	3,800	$739	0.4%	$172.82	+21.5%	COM NEW	16411R208
ET	ENERGY TRANSFER L P COM UT LTD PTN	195,000	$3,216	1.9%	$12.18	—	COM UT LTD PTN	29273V100
WMB	WILLIAMS COS INC COM	30,450	$1,830	1.1%	$28.24	+112.7%	COM	969457100
PAA	PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN	54,200	$973	0.6%	$12.17	—	UNIT LTD PARTN	726503105
EPD	ENTERPRISE PRODS PARTNERS L P COM	63,800	$2,045	1.2%	$24.12	—	COM	293792107
DFUV	DIMENSIONAL US MARKETWIDE VALUE ETF	11,800	$550	0.3%	$33.48	—	US MKTWIDE VALUE	25434V724
SUN	SUNOCO LP/SUNOCO FIN CORP COM UT REP LP	5,680	$298	0.2%	$56.14	—	COM UT REP LP	86765K109
OKE	ONEOK INC NEW COM	25,352	$1,863	1.1%	$58.08	+21.3%	COM	682680103
PBA	PEMBINA PIPELINE CORP COM	5,001	$190	0.1%	$28.92	+33.0%	COM	706327103
VHT	VANGUARD HEALTH CARE ETF	398	$115	0.1%	$248.05	—	HEALTH CAR ETF	92204A504
WES	WESTERN MIDSTREAM PARTNERS LP COM UNIT LP INT	42,150	$1,665	1.0%	$27.13	—	COM UNIT LP INT	958669103
TRP	TC ENERGY CORP COM	13,370	$735	0.4%	$36.81	+45.0%	COM	87807B107
SU	SUNCOR ENERGY INC NEW COM	2,700	$120	0.1%	$28.97	+45.9%	COM	867224107
CNQ	CANADIAN NAT RES LTD COM	2,400	$81	0.0%	$30.56	+6.1%	COM	136385101
PSX	PHILLIPS 66 COM	612	$79	0.0%	$91.37	+46.7%	COM	718546104
JPM	JPMORGAN CHASE & CO. COM	604	$195	0.1%	$138.93	+122.8%	COM	46625H100
VPU	VANGUARD UTILITIES ETF	902	$167	0.1%	$150.12	—	UTILITIES ETF	92204A876
AEE	AMEREN CORP COM	796	$79	0.0%	$77.30	+31.9%	COM	023608102
VO	VANGUARD MID-CAP ETF	867	$252	0.1%	$203.81	—	MID CAP ETF	922908629
SOBO	SOUTH BOW CORP COM	2,674	$73	0.0%	$22.97	+18.3%	COM	83671M105
MOAT	VANECK MORNINGSTAR WIDE MOAT ETF	270	$28	0.0%	$79.79	—	MRNGSTR WDE MOAT	92189F643
SPYM	STATE STREET SPDR PORTFOLIO S&P 500 ETF	582	$47	0.0%	$68.94	—	STATE STREET SPD	78464A854
PEP	PEPSICO INC COM	352	$51	0.0%	$160.89	-9.3%	COM	713448108
PM	PHILIP MORRIS INTL INC COM	389	$62	0.0%	$83.71	+83.5%	COM	718172109
SCHG	SCHWAB U.S. LARGE-CAP GROWTH ETF	692	$23	0.0%	$27.87	—	US LCAP GR ETF	808524300
DYNF	ISHARES U.S. EQUITY FACTOR ROTATION ACTIVE ETF	292	$18	0.0%	$51.25	—	ISHARES US EQUIT	09290C103
BP	BP PLC SPONSORED ADR	1,500	$52	0.0%	$35.29	—	SPONSORED ADR	055622104
VXF	VANGUARD EXTENDED MARKET ETF	1,198	$251	0.1%	$132.86	—	EXTEND MKT ETF	922908652
CLOB	VANECK AA-BB CLO ETF	185	$9	0.0%	$50.99	—	AA BB CLO ETF	92189H656