Martel Wealth Advisors Inc Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VYM	VANGUARD WHITEHALL FDS	726,001 (+2.5%)	$104,196 (+4.3%)	17.8%	$95.55	—	HIGH DIV YLD	921946406
VCRB	VANGUARD MALVERN FDS	1,505,108 (+4.2%)	$117,240 (+3.5%)	20.0%	$76.31	—	CORE BD ETF	922020748
BSV	VANGUARD BD INDEX FDS	884,339 (+5.3%)	$69,695 (+5.2%)	11.9%	$78.92	—	SHORT TRM BOND	921937827
MUB	ISHARES TR	100,952 (+2.3%)	$10,813 (+2.9%)	1.8%	$108.06	—	NATIONAL MUN ETF	464288414
VB	VANGUARD INDEX FDS	19,422 (+1.3%)	$5,010 (+2.7%)	0.9%	$169.66	—	SMALL CP ETF	922908751
AAPL	APPLE INC	2,159 (+7.5%)	$587 (+14.7%)	0.1%	$154.30	+73.9%	COM	037833100
SPHY	SPDR SERIES TRUST	91,038 (+3.6%)	$2,155 (+2.5%)	0.4%	$23.80	—	STATE STREET SPD	78468R606
BNDX	VANGUARD CHARLOTTE FDS	74,947 (+1.2%)	$3,621 (-1.2%)	0.6%	$48.55	—	TOTAL INT BD ETF	92203J407
VEU	VANGUARD INTL EQUITY INDEX F	8,343 (+1.7%)	$614 (+4.8%)	0.1%	$48.62	—	ALLWRLD EX US	922042775
ABBV	ABBVIE INC	1,092 (+12.9%)	$250 (+11.4%)	0.0%	$204.88	+11.1%	COM	00287Y109
MGV	VANGUARD WORLD FD	4,008 (+1.1%)	$566 (+3.6%)	0.1%	$82.15	—	MEGA CAP VAL ETF	921910840
VNQ	VANGUARD INDEX FDS	10,721 (+1.4%)	$949 (-1.8%)	0.2%	$81.77	—	REAL ESTATE ETF	922908553
ADP	AUTOMATIC DATA PROCESSING IN	1,088 (+8.8%)	$280 (-4.6%)	0.0%	$286.04	-7.4%	COM	053015103
XLK	SELECT SECTOR SPDR TR	1,958 (+100.0%)	$282 (+2.2%)	0.0%	$147.49	—	STATE STREET TEC	81369Y803

Exited Positions (2)

SCHD SCHWAB STRATEGIC TR 0.0%

Value ($000) $211 Shares 7,719 Est. Cost $26.50 Unrealized —

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $203 Shares 219 Est. Cost $498.08 Unrealized +81.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCHD	SCHWAB STRATEGIC TR	7,719	$211	0.0%	$26.50	—	—	808524797
COST	COSTCO WHSL CORP NEW	219	$203	0.0%	$498.08	+81.8%	—	22160K105

Decreased Positions (11)

IEMG ISHARES INC 1.7%

Value ($000) $9,806 (-3.2%) Shares 145,886 (-5.1%) Est. Cost $48.24 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 2.0%

Value ($000) $11,465 (+1.8%) Shares 183,530 (-2.4%) Est. Cost $42.60 Unrealized —

SCHG SCHWAB STRATEGIC TR 2.6%

Value ($000) $15,128 (-1.3%) Shares 463,758 (-3.4%) Est. Cost $35.73 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 1.1%

Value ($000) $6,344 (-2.8%) Shares 118,015 (-2.0%) Est. Cost $41.62 Unrealized —

IEFA ISHARES TR 4.1%

Value ($000) $24,074 (+0.6%) Shares 269,109 (-1.8%) Est. Cost $62.75 Unrealized —

VNQI VANGUARD INTL EQUITY INDEX F 0.0%

Value ($000) $259 (-18.5%) Shares 5,644 (-15.1%) Est. Cost $54.72 Unrealized —

VBK VANGUARD INDEX FDS 0.7%

Value ($000) $4,099 (-0.6%) Shares 13,568 (-2.0%) Est. Cost $203.70 Unrealized —

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $1,630 (+1.2%) Shares 2,390 (-1.1%) Est. Cost $347.12 Unrealized —

VOO VANGUARD INDEX FDS 0.3%

Value ($000) $1,952 (+0.9%) Shares 3,112 (-1.5%) Est. Cost $285.82 Unrealized —

NVDA NVIDIA CORPORATION 0.1%

Value ($000) $430 (-2.6%) Shares 2,307 (-2.5%) Est. Cost $98.04 Unrealized +89.9%

VSGX VANGUARD WORLD FD 0.1%

Value ($000) $294 (+0.4%) Shares 4,100 (-2.8%) Est. Cost $50.94 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IEMG	ISHARES INC	145,886 (-5.1%)	$9,806 (-3.2%)	1.7%	$48.24	—	CORE MSCI EMKT	46434G103
VEA	VANGUARD TAX-MANAGED FDS	183,530 (-2.4%)	$11,465 (+1.8%)	2.0%	$42.60	—	VAN FTSE DEV MKT	921943858
SCHG	SCHWAB STRATEGIC TR	463,758 (-3.4%)	$15,128 (-1.3%)	2.6%	$35.73	—	US LCAP GR ETF	808524300
VWO	VANGUARD INTL EQUITY INDEX F	118,015 (-2.0%)	$6,344 (-2.8%)	1.1%	$41.62	—	FTSE EMR MKT ETF	922042858
IEFA	ISHARES TR	269,109 (-1.8%)	$24,074 (+0.6%)	4.1%	$62.75	—	CORE MSCI EAFE	46432F842
VNQI	VANGUARD INTL EQUITY INDEX F	5,644 (-15.1%)	$259 (-18.5%)	0.0%	$54.72	—	GLB EX US ETF	922042676
VBK	VANGUARD INDEX FDS	13,568 (-2.0%)	$4,099 (-0.6%)	0.7%	$203.70	—	SML CP GRW ETF	922908595
SPY	SPDR S&P 500 ETF TR	2,390 (-1.1%)	$1,630 (+1.2%)	0.3%	$347.12	—	TR UNIT	78462F103
VOO	VANGUARD INDEX FDS	3,112 (-1.5%)	$1,952 (+0.9%)	0.3%	$285.82	—	S&P 500 ETF SHS	922908363
NVDA	NVIDIA CORPORATION	2,307 (-2.5%)	$430 (-2.6%)	0.1%	$98.04	+89.9%	COM	67066G104
VSGX	VANGUARD WORLD FD	4,100 (-2.8%)	$294 (+0.4%)	0.1%	$50.94	—	ESG INTL STK ETF	921910725

Unchanged Positions (43)

VUG VANGUARD INDEX FDS 19.1%

Value ($000) $111,653 Shares 228,862 Est. Cost $182.88 Unrealized —

AMZN AMAZON COM INC 1.3%

Value ($000) $7,859 Shares 34,047 Est. Cost $125.86 Unrealized +81.8%

VIG VANGUARD SPECIALIZED FUNDS 2.9%

Value ($000) $17,092 Shares 77,767 Est. Cost $116.56 Unrealized —

CAT CATERPILLAR INC 0.3%

Value ($000) $1,719 Shares 3,000 Est. Cost $381.74 Unrealized +45.5%

ORCL ORACLE CORP 0.1%

Value ($000) $585 Shares 3,000 Est. Cost $175.85 Unrealized +35.4%

MAR MARRIOTT INTL INC NEW 0.2%

Value ($000) $1,122 Shares 3,615 Est. Cost $271.56 Unrealized +5.1%

VTV VANGUARD INDEX FDS 1.1%

Value ($000) $6,617 Shares 34,644 Est. Cost $115.77 Unrealized —

SCHV SCHWAB STRATEGIC TR 2.5%

Value ($000) $14,758 Shares 498,411 Est. Cost $38.73 Unrealized —

HD HOME DEPOT INC 0.1%

Value ($000) $576 Shares 1,674 Est. Cost $397.26 Unrealized -8.2%

ADM ARCHER DANIELS MIDLAND CO 0.4%

Value ($000) $2,272 Shares 39,516 Est. Cost $83.64 Unrealized -28.9%

MSFT MICROSOFT CORP 0.2%

Value ($000) $966 Shares 1,997 Est. Cost $250.65 Unrealized +99.7%

ZTS ZOETIS INC 0.1%

Value ($000) $377 Shares 3,000 Est. Cost $176.35 Unrealized -26.1%

RSP INVESCO EXCHANGE TRADED FD T 0.6%

Value ($000) $3,470 Shares 18,115 Est. Cost $148.00 Unrealized —

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $652 Shares 4,549 Est. Cost $154.97 Unrealized -5.0%

CSCO CISCO SYS INC 0.1%

Value ($000) $413 Shares 5,358 Est. Cost $55.82 Unrealized +32.2%

ACN ACCENTURE PLC IRELAND 0.1%

Value ($000) $537 Shares 2,000 Est. Cost $354.74 Unrealized -28.4%

ITW ILLINOIS TOOL WKS INC 0.1%

Value ($000) $739 Shares 3,000 Est. Cost $257.33 Unrealized -3.8%

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $373 Shares 1,802 Est. Cost $150.18 Unrealized +31.2%

PGR PROGRESSIVE CORP 0.1%

Value ($000) $455 Shares 2,000 Est. Cost $231.96 Unrealized -8.5%

VBR VANGUARD INDEX FDS 0.7%

Value ($000) $4,013 Shares 18,950 Est. Cost $151.51 Unrealized —

ECL ECOLAB INC 0.1%

Value ($000) $788 Shares 3,000 Est. Cost $245.53 Unrealized +8.2%

AVGO BROADCOM INC 0.1%

Value ($000) $678 Shares 1,960 Est. Cost $151.43 Unrealized +135.8%

NVO NOVO-NORDISK A S 0.1%

Value ($000) $305 Shares 6,000 Est. Cost $86.02 Unrealized —

EMLC VANECK ETF TRUST 0.4%

Value ($000) $2,217 Shares 85,852 Est. Cost $31.05 Unrealized —

TSLA TESLA INC 0.4%

Value ($000) $2,180 Shares 4,848 Est. Cost $199.96 Unrealized +121.7%

TGT TARGET CORP 0.1%

Value ($000) $293 Shares 3,000 Est. Cost $136.67 Unrealized -33.0%

WMT WALMART INC 0.1%

Value ($000) $301 Shares 2,700 Est. Cost $87.29 Unrealized +22.8%

LNC LINCOLN NATL CORP IND 0.0%

Value ($000) $227 Shares 5,096 Est. Cost $37.80 Unrealized +8.9%

VTI VANGUARD INDEX FDS 0.1%

Value ($000) $856 Shares 2,554 Est. Cost $200.40 Unrealized —

VOT VANGUARD INDEX FDS 0.0%

Value ($000) $272 Shares 975 Est. Cost $219.53 Unrealized —

SCHW SCHWAB CHARLES CORP 0.1%

Value ($000) $300 Shares 3,000 Est. Cost $73.82 Unrealized +28.3%

EMB ISHARES TR 0.4%

Value ($000) $2,190 Shares 22,747 Est. Cost $103.81 Unrealized —

SCHX SCHWAB STRATEGIC TR 0.1%

Value ($000) $540 Shares 20,085 Est. Cost $36.91 Unrealized —

VLO VALERO ENERGY CORP 0.0%

Value ($000) $207 Shares 1,273 Est. Cost $147.81 Unrealized +14.2%

PEP PEPSICO INC 0.1%

Value ($000) $431 Shares 3,000 Est. Cost $156.55 Unrealized -6.8%

EPD ENTERPRISE PRODS PARTNERS L 0.0%

Value ($000) $232 Shares 7,240 Est. Cost $29.31 Unrealized —

ESGV VANGUARD WORLD FD 0.0%

Value ($000) $266 Shares 2,200 Est. Cost $72.13 Unrealized —

EMR EMERSON ELEC CO 0.1%

Value ($000) $398 Shares 3,000 Est. Cost $119.02 Unrealized +11.2%

CVX CHEVRON CORP NEW 0.0%

Value ($000) $241 Shares 1,580 Est. Cost $138.52 Unrealized +9.3%

HYLB DBX ETF TR 0.4%

Value ($000) $2,573 Shares 69,848 Est. Cost $45.44 Unrealized —

OKE ONEOK INC NEW 0.1%

Value ($000) $373 Shares 5,078 Est. Cost $96.84 Unrealized -27.2%

TROW PRICE T ROWE GROUP INC 0.1%

Value ($000) $307 Shares 3,000 Est. Cost $109.05 Unrealized -6.3%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $755 Shares 1 Est. Cost $729330.75 Unrealized +2.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VUG	VANGUARD INDEX FDS	228,862	$111,653	19.1%	$182.88	—	GROWTH ETF	922908736
AMZN	AMAZON COM INC	34,047	$7,859	1.3%	$125.86	+81.8%	COM	023135106
VIG	VANGUARD SPECIALIZED FUNDS	77,767	$17,092	2.9%	$116.56	—	DIV APP ETF	921908844
CAT	CATERPILLAR INC	3,000	$1,719	0.3%	$381.74	+45.5%	COM	149123101
ORCL	ORACLE CORP	3,000	$585	0.1%	$175.85	+35.4%	COM	68389X105
MAR	MARRIOTT INTL INC NEW	3,615	$1,122	0.2%	$271.56	+5.1%	CL A	571903202
VTV	VANGUARD INDEX FDS	34,644	$6,617	1.1%	$115.77	—	VALUE ETF	922908744
SCHV	SCHWAB STRATEGIC TR	498,411	$14,758	2.5%	$38.73	—	US LCAP VA ETF	808524409
HD	HOME DEPOT INC	1,674	$576	0.1%	$397.26	-8.2%	COM	437076102
ADM	ARCHER DANIELS MIDLAND CO	39,516	$2,272	0.4%	$83.64	-28.9%	COM	039483102
MSFT	MICROSOFT CORP	1,997	$966	0.2%	$250.65	+99.7%	COM	594918104
ZTS	ZOETIS INC	3,000	$377	0.1%	$176.35	-26.1%	CL A	98978V103
RSP	INVESCO EXCHANGE TRADED FD T	18,115	$3,470	0.6%	$148.00	—	S&P500 EQL WGT	46137V357
PG	PROCTER AND GAMBLE CO	4,549	$652	0.1%	$154.97	-5.0%	COM	742718109
CSCO	CISCO SYS INC	5,358	$413	0.1%	$55.82	+32.2%	COM	17275R102
ACN	ACCENTURE PLC IRELAND	2,000	$537	0.1%	$354.74	-28.4%	SHS CLASS A	G1151C101
ITW	ILLINOIS TOOL WKS INC	3,000	$739	0.1%	$257.33	-3.8%	COM	452308109
JNJ	JOHNSON & JOHNSON	1,802	$373	0.1%	$150.18	+31.2%	COM	478160104
PGR	PROGRESSIVE CORP	2,000	$455	0.1%	$231.96	-8.5%	COM	743315103
VBR	VANGUARD INDEX FDS	18,950	$4,013	0.7%	$151.51	—	SM CP VAL ETF	922908611
ECL	ECOLAB INC	3,000	$788	0.1%	$245.53	+8.2%	COM	278865100
AVGO	BROADCOM INC	1,960	$678	0.1%	$151.43	+135.8%	COM	11135F101
NVO	NOVO-NORDISK A S	6,000	$305	0.1%	$86.02	—	ADR	670100205
EMLC	VANECK ETF TRUST	85,852	$2,217	0.4%	$31.05	—	JP MRGAN EM LOC	92189H300
TSLA	TESLA INC	4,848	$2,180	0.4%	$199.96	+121.7%	COM	88160R101
TGT	TARGET CORP	3,000	$293	0.1%	$136.67	-33.0%	COM	87612E106
WMT	WALMART INC	2,700	$301	0.1%	$87.29	+22.8%	COM	931142103
LNC	LINCOLN NATL CORP IND	5,096	$227	0.0%	$37.80	+8.9%	COM	534187109
VTI	VANGUARD INDEX FDS	2,554	$856	0.1%	$200.40	—	TOTAL STK MKT	922908769
VOT	VANGUARD INDEX FDS	975	$272	0.0%	$219.53	—	MCAP GR IDXVIP	922908538
SCHW	SCHWAB CHARLES CORP	3,000	$300	0.1%	$73.82	+28.3%	COM	808513105
EMB	ISHARES TR	22,747	$2,190	0.4%	$103.81	—	JPMORGAN USD EMG	464288281
SCHX	SCHWAB STRATEGIC TR	20,085	$540	0.1%	$36.91	—	US LRG CAP ETF	808524201
VLO	VALERO ENERGY CORP	1,273	$207	0.0%	$147.81	+14.2%	COM	91913Y100
PEP	PEPSICO INC	3,000	$431	0.1%	$156.55	-6.8%	COM	713448108
EPD	ENTERPRISE PRODS PARTNERS L	7,240	$232	0.0%	$29.31	—	COM	293792107
ESGV	VANGUARD WORLD FD	2,200	$266	0.0%	$72.13	—	ESG US STK ETF	921910733
EMR	EMERSON ELEC CO	3,000	$398	0.1%	$119.02	+11.2%	COM	291011104
CVX	CHEVRON CORP NEW	1,580	$241	0.0%	$138.52	+9.3%	COM	166764100
HYLB	DBX ETF TR	69,848	$2,573	0.4%	$45.44	—	XTRACK USD HIGH	233051432
OKE	ONEOK INC NEW	5,078	$373	0.1%	$96.84	-27.2%	COM	682680103
TROW	PRICE T ROWE GROUP INC	3,000	$307	0.1%	$109.05	-6.3%	COM	74144T108
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$755	0.1%	$729330.75	+2.3%	CL A	084670108