PHILLIPS FINANCIAL MANAGEMENT, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IJH	ISHARES	227,887	$30,712	9.7%	$121.90	—	CORE S&P MCP ETF	464287507
IVV	ISHARES	144,501	$27,100	8.5%	$168.79	—	CORE S&P500 ETF	464287200
IVE	ISHARES	307,167	$26,773	8.4%	$79.24	—	S&P 500 VAL ETF	464287408
BND	VANGUARD BD INDEX FD INC	256,769	$20,880	6.6%	$81.10	—	TOTAL BND MRKT	921937835
EFA	ISHARES	257,803	$17,409	5.5%	$60.31	—	MSCI EAFE ETF	464287465
VEU	VANGUARD INTL EQUITY INDEX F	322,935	$16,376	5.1%	$46.72	—	ALLWRLD EX US	922042775
IJS	ISHARES	118,725	$13,231	4.2%	$99.76	—	SP SMCP600VL ETF	464287879
VNQ	VANGUARD INDEX FDS	168,026	$12,059	3.8%	$70.73	—	REIT ETF	922908553
AGG	ISHARES	107,648	$11,646	3.7%	$107.39	—	CORE TOTUSBD ETF	464287226
RWR	SPDR SERIES TRUST	132,120	$10,535	3.3%	$79.18	—	DJ REIT ETF	78464A607
VXUS	VANGUARD STAR FD	184,687	$9,707	3.1%	$48.54	—	VG TL INTL STK F	921909768
BIV	VANGUARD BD INDEX FD INC	85,632	$7,146	2.2%	$83.78	—	INTERMED TERM	921937819
VO	VANGUARD INDEX FDS	63,635	$7,132	2.2%	$99.83	—	MID CAP ETF	922908629
BSV	VANGUARD BD INDEX FD INC	69,457	$5,563	1.7%	$80.32	—	SHORT TRM BOND	921937827
VBR	VANGUARD INDEX FDS	50,777	$5,042	1.6%	$88.57	—	SM CP VAL ETF	922908611
MGV	VANGUARD WORLD FD	86,316	$4,852	1.5%	$51.68	—	MEGA CAP VAL ETF	921910840
VTIP	VANGUARD MALVERN FDS	91,772	$4,549	1.4%	$49.59	—	STRM INFPROIDX	922020805
—	SPDR SERIES TRUST	105,559	$4,351	1.4%	$40.48	—	BRC HGH YLD BD	78464A417
VCIT	VANGUARD SCOTTSDALE FDS	51,041	$4,350	1.4%	$84.14	—	INT-TERM CORP	92206C870
SPIP	SPDR SERIES TRUST	71,802	$4,024	1.3%	$56.21	—	BARCLYS TIPS ETF	78464A656
VTV	VANGUARD INDEX FDS	47,407	$3,698	1.2%	$70.82	—	VALUE ETF	922908744
VCSH	VANGUARD SCOTTSDALE FDS	44,868	$3,593	1.1%	$79.64	—	SHRT TRM CORP BD	92206C409
TIP	ISHARES	29,599	$3,347	1.1%	$112.88	—	TIPS BD ETF	464287176
MGC	VANGUARD WORLD FD	51,923	$3,309	1.0%	$58.03	—	MEGA CAP INDEX	921910873
VOO	VANGUARD INDEX FDS	18,451	$3,150	1.0%	$167.65	—	S&P 500 ETF SHS	922908363
IWR	ISHARES	19,847	$3,032	1.0%	$135.98	—	RUS MID-CAP ETF	464287499
VOOV	VANGUARD ADMIRAL FDS INC	35,912	$3,009	0.9%	$76.65	—	500 VAL IDX FD	921932703
SPSB	SPDR SERIES TRUST	96,219	$2,962	0.9%	$30.59	—	BARC SHT TR CP	78464A474
IVOO	VANGUARD ADMIRAL FDS INC	30,442	$2,769	0.9%	$82.32	—	MIDCP 400 IDX	921932885
LNC	LINCOLN NATL CORP IND	54,474	$2,619	0.8%	$22.50	+48.7%	COM	534187109
IXUS	ISHARES TR	43,471	$2,533	0.8%	$57.05	—	CORE MSCITOTAL	46432F834
IWB	ISHARES	24,010	$2,504	0.8%	$93.47	—	RUS 1000 ETF	464287622
SPY	SPDR S&P 500 ETF TR	11,663	$2,174	0.7%	$167.97	—	TR UNIT	78462F103
GNR	SPDR INDEX SHS FDS	40,774	$2,079	0.7%	$47.42	—	GLB NAT RESRCE	78463X541
VTI	VANGUARD INDEX FDS	21,086	$2,040	0.6%	$86.97	—	TOTAL STK MKT	922908769
VV	VANGUARD INDEX FDS	22,184	$1,899	0.6%	$76.91	—	LARGE CAP ETF	922908637
BNDX	VANGUARD CHARLOTTE FDS	36,459	$1,848	0.6%	$50.69	—	INTL BD IDX ETF	92203J407
VWO	VANGUARD INTL EQUITY INDEX F	44,237	$1,838	0.6%	$40.18	—	FTSE EMR MKT ETF	922042858
IWD	ISHARES	17,014	$1,639	0.5%	$87.19	—	RUS 1000 VAL ETF	464287598
—	ISHARES	30,219	$1,618	0.5%	$53.47	—	16 AMT-FREE ETF	464289313
SUB	ISHARES	14,582	$1,549	0.5%	$105.76	—	SHT NTLAMTFR ETF	464288158
VEA	VANGUARD TAX MANAGED INTL FD	36,499	$1,514	0.5%	$37.50	—	FTSE DEV MKT ETF	921943858
—	ISHARES	27,214	$1,501	0.5%	$54.92	—	17 AMT-FREE ETF	464289271
VXF	VANGUARD INDEX FDS	15,997	$1,327	0.4%	$77.80	—	EXTEND MKT ETF	922908652
VIOV	VANGUARD ADMIRAL FDS INC	13,723	$1,318	0.4%	$85.92	—	SMLCP 600 VAL	921932778
SPIB	SPDR SERIES TRUST	38,039	$1,295	0.4%	$33.79	—	INTR TRM CORP BD	78464A375
IGE	ISHARES	27,799	$1,277	0.4%	$40.35	—	NA NAT RES	464287374
ISTB	ISHARES TR	10,970	$1,101	0.3%	$100.36	—	CORE STRM USBD	46432F859
—	ISHARES TR	43,024	$1,097	0.3%	$25.50	—	18 AMT-FREE ETF	46429B580
—	ISHARES	20,603	$1,093	0.3%	$53.05	—	15 AMT-FREE ETF	464289339
SPDW	SPDR INDEX SHS FDS	34,467	$1,018	0.3%	$26.49	—	S&P WRLD EX US	78463X889
IWN	ISHARES	10,002	$991	0.3%	$90.96	—	RUS 2000 VAL ETF	464287630
USB	US BANCORP DEL	24,606	$990	0.3%	$22.41	+22.0%	COM NEW	902973304
VGK	VANGUARD INTL EQUITY INDEX F	14,455	$856	0.3%	$50.62	—	FTSE EUROPE ETF	922042874
JPM	JPMORGAN CHASE & CO	14,316	$791	0.2%	$36.24	+16.1%	COM	46625H100
—	SPDR SERIES TRUST	30,985	$753	0.2%	$24.08	—	NUVN BR SHT MUNI	78464A425
AOS	SMITH A O	14,060	$654	0.2%	$15.38	+31.5%	COM	831865209
VNQI	VANGUARD INTL EQUITY INDEX F	11,022	$613	0.2%	$55.62	—	GLB EX US ETF	922042676
—	TOWER FINANCIAL CORP	23,723	$567	0.2%	$14.85	—	COM	891769101
—	GENERAL ELECTRIC CO	20,583	$547	0.2%	$23.56	—	COM	369604103
WMB	WILLIAMS COS INC DEL	12,498	$522	0.2%	$18.03	+16.1%	COM	969457100
ACWI	ISHARES	10,568	$497	0.2%	$42.81	—	MSCI ACWI ETF	464288257
RWX	SPDR INDEX SHS FDS	11,747	$497	0.2%	$41.21	—	DJ INTL RL ETF	78463X863
GSG	ISHARES S&P GSCI COMMODITY I	13,280	$447	0.1%	$32.91	—	UNIT BEN INT	46428R107
—	ISHARES GOLD TRUST	23,440	$294	0.1%	$12.41	—	ISHARES	464285105