Hyundai Investments Co., Ltd. Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	7,671	$3,060	3.0%	$398.89	—	GOLD SHS	78463V107
XLY	SELECT SECTOR SPDR TR	9,566	$1,151	1.1%	$120.36	—	STATE STREET CON	81369Y407
MTUM	ISHARES TR	4,304	$1,088	1.1%	$252.79	—	MSCI USA MMENTM	46432F396
IVW	ISHARES TR	6,845	$850	0.8%	$124.16	—	S&P 500 GRWT ETF	464287309
IJT	ISHARES TR	5,854	$839	0.8%	$143.27	—	S&P SML 600 GWT	464287887
IJS	ISHARES TR	7,301	$838	0.8%	$114.77	—	SP SMCP600VL ETF	464287879
VNQI	VANGUARD INTL EQUITY INDEX F	17,853	$821	0.8%	$45.99	—	GLB EX US ETF	922042676
XLK	SELECT SECTOR SPDR TR	5,314	$773	0.8%	$145.41	—	STATE STREET TEC	81369Y803
IJK	ISHARES TR	7,461	$731	0.7%	$97.97	—	S&P MC 400GR ETF	464287606
XLC	SELECT SECTOR SPDR TR	5,633	$666	0.6%	$118.29	—	STATE SCREEN COM	81369Y852
IBND	SPDR SERIES TRUST	19,998	$642	0.6%	$32.11	—	BLOOMBERG INTL	78464A151
MLN	VANECK ETF TRUST	36,426	$640	0.6%	$17.56	—	LONG MUNI ETF	92189F536
XLU	SELECT SECTOR SPDR TR	14,550	$625	0.6%	$42.96	—	STATE STREET UTI	81369Y886
XLI	SELECT SECTOR SPDR TR	3,913	$612	0.6%	$156.42	—	STATE STREET IND	81369Y704
IJJ	ISHARES TR	4,586	$609	0.6%	$132.84	—	S&P MC 400VL ETF	464287705
LQD	ISHARES TR	5,488	$607	0.6%	$110.66	—	IBOXX INV CP ETF	464287242
CMBS	ISHARES TR	11,731	$577	0.6%	$49.21	—	CMBS ETF	46429B366
SPHQ	INVESCO EXCHANGE TRADED FD T	7,545	$571	0.6%	$75.74	—	S&P 500 QUALITY	46137V241
VTEB	VANGUARD MUN BD FDS	11,358	$571	0.6%	$50.28	—	TAX EXEMPT BD	922907746
VYMI	VANGUARD WHITEHALL FDS	6,299	$569	0.6%	$90.40	—	INTL HIGH ETF	921946794
EMHY	ISHARES INC	13,954	$564	0.5%	$40.42	—	JP MRGN EM HI	464286285
XLB	SELECT SECTOR SPDR TR	12,224	$559	0.5%	$45.73	—	STATE STREET MAT	81369Y100
ITM	VANECK ETF TRUST	11,677	$551	0.5%	$47.17	—	INTRMDT MUNI ETF	92189H201
VBND	ETF SER SOLUTIONS	12,432	$548	0.5%	$44.07	—	VIDENT US BOND	26922A602
POWA	INVESCO EXCH TRD SLF IDX FD	6,037	$547	0.5%	$90.66	—	BLOOMBERG PRICIN	46138J775
DWX	SPDR INDEX SHS FDS	12,227	$539	0.5%	$44.11	—	S&P INTL ETF	78463X772
XLF	SELECT SECTOR SPDR TR	9,720	$536	0.5%	$55.18	—	STATE STREET FIN	81369Y605
MBB	ISHARES TR	5,535	$528	0.5%	$95.45	—	MBS ETF	464288588
FTLS	FIRST TR EXCHANGE-TRADED FD	7,157	$512	0.5%	$71.53	—	MNGD FUTRS STRGY	33739P103
PKW	INVESCO EXCHANGE TRADED FD T	3,762	$509	0.5%	$135.30	—	BUYBACK ACHIEV	46137V308
VWOB	VANGUARD WHITEHALL FDS	7,513	$508	0.5%	$67.56	—	EM MK GOV BD ETF	921946885
LBAY	TIDAL TRUST I	20,739	$504	0.5%	$24.32	—	LEATHERBACK LNG	886364850
IQLT	ISHARES TR	10,914	$499	0.5%	$45.68	—	MSCI INTL QUALITY	46434V456
VNQ	VANGUARD INDEX FDS	5,584	$498	0.5%	$89.22	—	REAL ESTATE ETF	922908553
HYD	VANECK ETF TRUST	9,671	$494	0.5%	$51.10	—	HIGH YLD MUNIETF	92189H409
TLT	ISHARES TR	5,456	$479	0.5%	$87.86	—	20 YR TR BD ETF	464287432
DBMF	LITMAN GREGORY FDS TR	17,018	$479	0.5%	$28.14	—	IMGP DBI MANAGED	53700T827
BSV	VANGUARD BD INDEX FDS	6,055	$477	0.5%	$78.86	—	SHORT TRM BOND	921937827
SMMU	PIMCO ETF TR	9,399	$475	0.5%	$50.56	—	SHTRM MUN BD ACT	72201R874
XLV	SELECT SECTOR SPDR TR	3,036	$473	0.5%	$155.68	—	STATE STREET HEA	81369Y209
IVE	ISHARES TR	2,200	$470	0.5%	$213.56	—	S&P 500 VAL ETF	464287408
EFG	ISHARES TR	4,037	$462	0.5%	$114.45	—	EAFE GRWTH ETF	464288885
IMTM	ISHARES TR	9,509	$458	0.4%	$48.19	—	MSCI INTL MOMENT	46434V449
DVYE	ISHARES INC	14,536	$454	0.4%	$31.25	—	EM MKTS DIV ETF	464286319
PHB	INVESCO EXCH TRADED FD TR II	24,319	$453	0.4%	$18.64	—	FNDMNTL HY CRP	46138E719
CWB	SPDR SERIES TRUST	5,054	$453	0.4%	$89.64	—	STATE STREET SPD	78464A359
VCSH	VANGUARD SCOTTSDALE FDS	5,639	$450	0.4%	$79.81	—	SHRT TRM CORP BD	92206C409
IGHG	PROSHARES TR	5,678	$446	0.4%	$78.60	—	INVT INT RT HG	74347B607
WIP	SPDR SERIES TRUST	11,311	$446	0.4%	$39.40	—	FTSE INT GVT ETF	78464A490
JNK	SPDR SERIES TRUST	4,509	$439	0.4%	$97.30	—	STATE STREET SPD	78468R622
MNA	NEW YORK LIFE INVESTMENTS ET	12,154	$436	0.4%	$35.89	—	NYLI MERGER ARBI	45409B800
EFV	ISHARES TR	6,082	$436	0.4%	$71.68	—	EAFE VALUE ETF	464288877
PSP	INVESCO EXCHANGE TRADED FD T	6,426	$433	0.4%	$67.33	—	GBL LISTED PVT	46137V118
PTBD	PACER FDS TR	22,150	$429	0.4%	$19.39	—	TRENDPILOT US BD	69374H642
SWAN	AMPLIFY ETF TR	13,115	$428	0.4%	$32.61	—	BLACKSWAN GRWT	032108888
NOBL	PROSHARES TR	4,031	$423	0.4%	$104.92	—	S&P 500 DV ARIST	74348A467
FALN	ISHARES TR	15,364	$420	0.4%	$27.34	—	FALN ANGLS USD	46435G474
HDG	PROSHARES TR	8,048	$414	0.4%	$51.47	—	HD REPLICATION	74347X294
EEM	ISHARES TR	7,377	$405	0.4%	$54.88	—	MSCI EMG MKT ETF	464287234
SPLV	INVESCO EXCH TRADED FD TR II	5,621	$404	0.4%	$71.95	—	S&P 500 LOW VOL	46138E354
IEF	ISHARES TR	4,186	$404	0.4%	$96.48	—	7-10 YR TRSY BD	464287440
QYLD	GLOBAL X FDS	22,439	$398	0.4%	$17.73	—	NASDAQ 100 COVER	37954Y483
PTLC	PACER FDS TR	6,952	$389	0.4%	$56.02	—	TRENDP US LAR CP	69374H105
ACWV	ISHARES INC	3,226	$385	0.4%	$119.31	—	MSCI GBL MIN VOL	464286525
XLE	SELECT SECTOR SPDR TR	8,366	$376	0.4%	$44.96	—	STATE STREET ENE	81369Y506
XYLD	GLOBAL X FDS	9,084	$370	0.4%	$40.74	—	S&P 500 COVERED	37954Y475
SPHB	INVESCO EXCH TRADED FD TR II	2,932	$347	0.3%	$118.24	—	S&P 500 HB ETF	46138E370
EWX	SPDR INDEX SHS FDS	5,180	$339	0.3%	$65.53	—	S&P EMKTSC ETF	78463X756
XLP	SELECT SECTOR SPDR TR	4,341	$339	0.3%	$78.15	—	STATE STREET CON	81369Y308
VTIP	VANGUARD MALVERN FDS	6,469	$320	0.3%	$49.47	—	STRM INFPROIDX	922020805
TIPX	SPDR SERIES TRUST	16,384	$313	0.3%	$19.11	—	STATE STREET SPDR	78468R861

Unchanged Positions (1)

CMTG CLAROS MTG TR INC 61.2%

Value ($000) $62,787 Shares 20,518,603 Est. Cost $16.39 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CMTG	CLAROS MTG TR INC	20,518,603	$62,787	61.2%	$16.39	—	COMMON STOCK	18270D106