M Wealth Management, LLC Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VXUS	VANGUARD STAR FDS	120,484 (+1.9%)	$9,089 (+4.7%)	7.9%	$59.24	—	VG TL INTL STK F	921909768
MMSD	NEW YORK LIFE INVTS ACTIVE E	44,100 (+33.6%)	$1,119 (+32.9%)	1.0%	$25.48	—	NYLI MACKAY MUNI	64953X100
SHYM	BLACKROCK ETF TRUST II	21,200 (+89.3%)	$471 (+88.3%)	0.4%	$22.28	—	SHORT DURATION H	092528108
AVGV	AMERICAN CENTY ETF TR	30,057 (+4.8%)	$2,200 (+9.0%)	1.9%	$61.50	—	AVANTIS ALL EQT	025072216
CGMU	CAPITAL GRP FIXED INCM ETF T	14,588 (+60.1%)	$399 (+60.7%)	0.3%	$27.09	—	MUNICIPAL INCOME	14020Y201
HEFA	ISHARES TR	16,404 (+1.8%)	$678 (+6.3%)	0.6%	$34.95	—	HDG MSCI EAFE	46434V803
SCHP	SCHWAB STRATEGIC TR	195,595 (+2.1%)	$5,181 (+0.3%)	4.5%	$25.84	—	US TIPS ETF	808524870
PDBC	INVESCO ACTVELY MNGD ETC FD	257,762 (+1.8%)	$3,415 (+0.4%)	3.0%	$12.99	—	OPTIMUM YIELD	46090F100
VWO	VANGUARD INTL EQUITY INDEX F	3,952 (+1.9%)	$212 (+1.1%)	0.2%	$54.17	—	FTSE EMR MKT ETF	922042858
REZ	ISHARES TR	14,311 (+2.9%)	$1,183 (+0.1%)	1.0%	$81.15	—	RESIDENTIAL MULT	464288562

Exited Positions (1)

— SABA CAPITAL INCOME & OPRNT 0.1%

Value ($000) $78 Shares 10,000 Est. Cost $7.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SABA CAPITAL INCOME & OPRNT	10,000	$78	0.1%	$7.76	—	—	78518H202

Decreased Positions (12)

PULS PGIM ETF TR 13.8%

Value ($000) $15,830 (-3.5%) Shares 319,227 (-3.0%) Est. Cost $49.57 Unrealized —

USFR WISDOMTREE TR 3.5%

Value ($000) $4,069 (-7.5%) Shares 80,865 (-7.6%) Est. Cost $50.32 Unrealized —

DFAC DIMENSIONAL ETF TRUST 4.0%

Value ($000) $4,618 (-5.2%) Shares 116,649 (-7.7%) Est. Cost $34.59 Unrealized —

AVUS AMERICAN CENTY ETF TR 1.2%

Value ($000) $1,413 (-8.8%) Shares 12,641 (-11.4%) Est. Cost $96.93 Unrealized —

SCHH SCHWAB STRATEGIC TR 0.5%

Value ($000) $522 (-19.2%) Shares 24,980 (-16.6%) Est. Cost $21.06 Unrealized —

JAAA JANUS DETROIT STR TR 1.4%

Value ($000) $1,577 (-5.9%) Shares 31,171 (-5.5%) Est. Cost $50.71 Unrealized —

GLD SPDR GOLD TR 0.8%

Value ($000) $953 (+8.6%) Shares 2,405 (-2.6%) Est. Cost $242.13 Unrealized —

DFAX DIMENSIONAL ETF TRUST 0.9%

Value ($000) $1,074 (-4.1%) Shares 32,827 (-8.1%) Est. Cost $24.86 Unrealized —

GDE WISDOMTREE TR 0.8%

Value ($000) $885 (+3.7%) Shares 14,360 (-3.4%) Est. Cost $38.60 Unrealized —

UYLD ANGEL OAK FUNDS TRUST 2.1%

Value ($000) $2,463 (-1.1%) Shares 48,150 (-1.1%) Est. Cost $51.07 Unrealized —

DFAE DIMENSIONAL ETF TRUST 1.5%

Value ($000) $1,775 (+1.1%) Shares 54,490 (-2.2%) Est. Cost $25.37 Unrealized —

DFAS DIMENSIONAL ETF TRUST 2.2%

Value ($000) $2,560 (+0.4%) Shares 36,739 (-1.3%) Est. Cost $65.08 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PULS	PGIM ETF TR	319,227 (-3.0%)	$15,830 (-3.5%)	13.8%	$49.57	—	PGIM ULTRA SH BD	69344A107
USFR	WISDOMTREE TR	80,865 (-7.6%)	$4,069 (-7.5%)	3.5%	$50.32	—	FLOATNG RAT TREA	97717Y527
DFAC	DIMENSIONAL ETF TRUST	116,649 (-7.7%)	$4,618 (-5.2%)	4.0%	$34.59	—	US CORE EQUITY 2	25434V708
AVUS	AMERICAN CENTY ETF TR	12,641 (-11.4%)	$1,413 (-8.8%)	1.2%	$96.93	—	US EQT ETF	025072885
SCHH	SCHWAB STRATEGIC TR	24,980 (-16.6%)	$522 (-19.2%)	0.5%	$21.06	—	US REIT ETF	808524847
JAAA	JANUS DETROIT STR TR	31,171 (-5.5%)	$1,577 (-5.9%)	1.4%	$50.71	—	HENDRSON AAA CL	47103U845
GLD	SPDR GOLD TR	2,405 (-2.6%)	$953 (+8.6%)	0.8%	$242.13	—	GOLD SHS	78463V107
DFAX	DIMENSIONAL ETF TRUST	32,827 (-8.1%)	$1,074 (-4.1%)	0.9%	$24.86	—	WORLD EX US CORE	25434V880
GDE	WISDOMTREE TR	14,360 (-3.4%)	$885 (+3.7%)	0.8%	$38.60	—	EFFICIENT GLD PL	97717Y568
UYLD	ANGEL OAK FUNDS TRUST	48,150 (-1.1%)	$2,463 (-1.1%)	2.1%	$51.07	—	OAK ULTRASHORT	03463K752
DFAE	DIMENSIONAL ETF TRUST	54,490 (-2.2%)	$1,775 (+1.1%)	1.5%	$25.37	—	EMGR CRE EQT MNG	25434V302
DFAS	DIMENSIONAL ETF TRUST	36,739 (-1.3%)	$2,560 (+0.4%)	2.2%	$65.08	—	US SMALL CAP ETF	25434V500

Unchanged Positions (26)

DFAU DIMENSIONAL ETF TRUST 24.0%

Value ($000) $27,611 Shares 589,984 Est. Cost $40.56 Unrealized —

IAUM ISHARES GOLD TR 2.9%

Value ($000) $3,290 Shares 76,528 Est. Cost $31.17 Unrealized —

AAPL APPLE INC 1.5%

Value ($000) $1,710 Shares 6,291 Est. Cost $234.51 Unrealized +14.4%

TOTL SSGA ACTIVE ETF TR 9.6%

Value ($000) $11,044 Shares 274,389 Est. Cost $39.41 Unrealized —

DFUV DIMENSIONAL ETF TRUST 1.1%

Value ($000) $1,233 Shares 26,461 Est. Cost $40.92 Unrealized —

OUNZ VANECK MERK GOLD ETF 0.3%

Value ($000) $306 Shares 7,373 Est. Cost $25.30 Unrealized —

MSFT MICROSOFT CORP 0.3%

Value ($000) $333 Shares 688 Est. Cost $432.38 Unrealized +15.8%

AVDV AMERICAN CENTY ETF TR 0.4%

Value ($000) $439 Shares 4,667 Est. Cost $65.08 Unrealized —

VYMI VANGUARD WHITEHALL FDS 0.3%

Value ($000) $296 Shares 3,290 Est. Cost $70.24 Unrealized —

QQQ INVESCO QQQ TR 0.7%

Value ($000) $764 Shares 1,244 Est. Cost $511.23 Unrealized —

DISV DIMENSIONAL ETF TRUST 0.2%

Value ($000) $264 Shares 6,935 Est. Cost $29.12 Unrealized —

AVUV AMERICAN CENTY ETF TR 0.5%

Value ($000) $614 Shares 6,024 Est. Cost $96.53 Unrealized —

VUG VANGUARD INDEX FDS 0.6%

Value ($000) $711 Shares 1,458 Est. Cost $410.51 Unrealized —

VTI VANGUARD INDEX FDS 0.4%

Value ($000) $420 Shares 1,251 Est. Cost $289.83 Unrealized —

EFA ISHARES TR 0.3%

Value ($000) $395 Shares 4,111 Est. Cost $75.61 Unrealized —

GLOF ISHARES TR 0.3%

Value ($000) $348 Shares 6,599 Est. Cost $43.37 Unrealized —

VT VANGUARD INTL EQUITY INDEX F 0.3%

Value ($000) $371 Shares 2,631 Est. Cost $117.48 Unrealized —

INDA ISHARES TR 0.2%

Value ($000) $230 Shares 4,250 Est. Cost $52.61 Unrealized —

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $336 Shares 493 Est. Cost $595.18 Unrealized —

VOO VANGUARD INDEX FDS 0.2%

Value ($000) $219 Shares 350 Est. Cost $612.38 Unrealized —

VDC VANGUARD WORLD FD 0.6%

Value ($000) $646 Shares 3,058 Est. Cost $211.37 Unrealized —

TSLA TESLA INC 0.3%

Value ($000) $392 Shares 871 Est. Cost $321.74 Unrealized +37.8%

EWJV ISHARES TR 0.2%

Value ($000) $270 Shares 6,794 Est. Cost $31.28 Unrealized —

JMST J P MORGAN EXCHANGE TRADED F 0.3%

Value ($000) $395 Shares 7,764 Est. Cost $50.71 Unrealized —

VO VANGUARD INDEX FDS 0.3%

Value ($000) $290 Shares 1,000 Est. Cost $264.12 Unrealized —

NVDA NVIDIA CORPORATION 0.2%

Value ($000) $285 Shares 1,530 Est. Cost $125.82 Unrealized +47.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DFAU	DIMENSIONAL ETF TRUST	589,984	$27,611	24.0%	$40.56	—	US CORE EQT MKT	25434V104
IAUM	ISHARES GOLD TR	76,528	$3,290	2.9%	$31.17	—	SHARES REPRESENT	46436F103
AAPL	APPLE INC	6,291	$1,710	1.5%	$234.51	+14.4%	COM	037833100
TOTL	SSGA ACTIVE ETF TR	274,389	$11,044	9.6%	$39.41	—	STATE STREET DOU	78467V848
DFUV	DIMENSIONAL ETF TRUST	26,461	$1,233	1.1%	$40.92	—	US MKTWIDE VALUE	25434V724
OUNZ	VANECK MERK GOLD ETF	7,373	$306	0.3%	$25.30	—	GOLD SHS	921078101
MSFT	MICROSOFT CORP	688	$333	0.3%	$432.38	+15.8%	COM	594918104
AVDV	AMERICAN CENTY ETF TR	4,667	$439	0.4%	$65.08	—	INTL SMCP VLU	025072802
VYMI	VANGUARD WHITEHALL FDS	3,290	$296	0.3%	$70.24	—	INTL HIGH ETF	921946794
QQQ	INVESCO QQQ TR	1,244	$764	0.7%	$511.23	—	UNIT SER 1	46090E103
DISV	DIMENSIONAL ETF TRUST	6,935	$264	0.2%	$29.12	—	INTL SMALL CAP V	25434V781
AVUV	AMERICAN CENTY ETF TR	6,024	$614	0.5%	$96.53	—	US SML CP VALU	025072877
VUG	VANGUARD INDEX FDS	1,458	$711	0.6%	$410.51	—	GROWTH ETF	922908736
VTI	VANGUARD INDEX FDS	1,251	$420	0.4%	$289.83	—	TOTAL STK MKT	922908769
EFA	ISHARES TR	4,111	$395	0.3%	$75.61	—	MSCI EAFE ETF	464287465
GLOF	ISHARES TR	6,599	$348	0.3%	$43.37	—	GLOBAL EQUITY	46434V316
VT	VANGUARD INTL EQUITY INDEX F	2,631	$371	0.3%	$117.48	—	TT WRLD ST ETF	922042742
INDA	ISHARES TR	4,250	$230	0.2%	$52.61	—	MSCI INDIA ETF	46429B598
SPY	SPDR S&P 500 ETF TR	493	$336	0.3%	$595.18	—	TR UNIT	78462F103
VOO	VANGUARD INDEX FDS	350	$219	0.2%	$612.38	—	S&P 500 ETF SHS	922908363
VDC	VANGUARD WORLD FD	3,058	$646	0.6%	$211.37	—	CONSUM STP ETF	92204A207
TSLA	TESLA INC	871	$392	0.3%	$321.74	+37.8%	COM	88160R101
EWJV	ISHARES TR	6,794	$270	0.2%	$31.28	—	MSCI JP VALUE	46435U374
JMST	J P MORGAN EXCHANGE TRADED F	7,764	$395	0.3%	$50.71	—	ULTRA SHT MUNCPL	46641Q654
VO	VANGUARD INDEX FDS	1,000	$290	0.3%	$264.12	—	MID CAP ETF	922908629
NVDA	NVIDIA CORPORATION	1,530	$285	0.2%	$125.82	+47.9%	COM	67066G104