Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FTSM	First Trust Enhanced Short Mat	655,802	$39.2M	3.4%	$59.78	—	Exchange Traded Fund	33739Q408
SGOV	iShares 0-3 Month Treasury Bon	210,000	$21.14M	1.8%	$100.66	—	Exchange Traded Fund	46436E718
RSPT	Invesco S&P 500 Equal Weight T	35,000	$1.584M	0.1%	$45.26	—	Exchange Traded Fund	46137V282
BRK/B	Berkshire Hathaway Inc	2,877	$1.379M	0.1%	$493.47	0.0%	Equity	084670702
VNOM	Viper Energy Inc	29,286	$1.376M	0.1%	$40.99	0.0%	Equity	64361Q101
—	BlackRock Corporate High Yield	148,780	$1.268M	0.1%	$8.52	—	Exchange Traded Fund	09255P107
O	Realty Income Corp	17,731	$1.085M	0.1%	$57.31	0.0%	Equity	756109104
EWZ	iShares MSCI Brazil ETF	27,780	$1.066M	0.1%	$38.39	—	Exchange Traded Fund	464286400
FXI	iShares China Large-Cap ETF	28,580	$1.026M	0.1%	$35.90	—	Exchange Traded Fund	464287184
EWW	iShares MSCI Mexico ETF	13,520	$1.017M	0.1%	$75.23	—	Exchange Traded Fund	464286822
KRE	State Street SPDR S&P Regional	15,000	$977K	0.1%	$65.15	—	Exchange Traded Fund	78464A698
EWY	iShares MSCI South Korea ETF	7,880	$969K	0.1%	$123.01	—	Exchange Traded Fund	464286772
EEM	iShares MSCI Emerging Markets	16,400	$931K	0.1%	$56.79	—	Exchange Traded Fund	464287234
OLN	Olin Corp	29,532	$878K	0.1%	$23.63	0.0%	Equity	680665205
TXO	TXO Partners LP	60,350	$759K	0.1%	$12.58	—	Equity Unit	87313P103
SCHW	Charles Schwab Corp/The	7,953	$747K	0.1%	$100.12	0.0%	Equity	808513105
PRU	Prudential Financial Inc	7,634	$746K	0.1%	$107.39	0.0%	Equity	744320102
D	Dominion Energy Inc	11,882	$735K	0.1%	$61.62	0.0%	Equity	25746U109
—	GAMCO Global Gold Natural Reso	135,407	$720K	0.1%	$5.32	—	Exchange Traded Fund	36465A109
—	BlackRock Capital Allocation T	50,677	$716K	0.1%	$14.13	—	Exchange Traded Fund	09260U109
ARR	ARMOUR Residential REIT Inc	42,873	$715K	0.1%	$16.68	—	Equity	042315705
F	Ford Motor Co	61,446	$709K	0.1%	$13.74	0.0%	Equity	345370860
MNR	Mach Natural Resources LP	50,131	$702K	0.1%	$14.00	—	Equity Unit	55445L100
VALE	Vale SA	43,997	$700K	0.1%	$15.91	—	Depository Receipt	91912E105
MOS	Mosaic Co/The	26,662	$680K	0.1%	$27.87	0.0%	Equity	61945C103
BX	Blackstone Inc	5,750	$661K	0.1%	$140.88	0.0%	Equity	09260D107
KKR	KKR & Co Inc	7,000	$648K	0.1%	$114.76	0.0%	Equity	48251W104
DLTR	Dollar Tree Inc	5,500	$602K	0.1%	$128.42	0.0%	Equity	256746108
DE	Deere & Co	1,000	$563K	0.0%	$551.35	0.0%	Equity	244199105
ROK	Rockwell Automation Inc	1,500	$538K	0.0%	$410.26	0.0%	Equity	773903109
GLD	SPDR Gold Shares	1,228	$528K	0.0%	$430.29	—	Exchange Traded Fund	78463V107
XLP	State Street Consumer Staples	6,000	$492K	0.0%	$81.98	—	Exchange Traded Fund	81369Y308
IBM	IBM	2,000	$485K	0.0%	$283.93	0.0%	Equity	459200101
HPE	Hewlett Packard Enterprise Co	17,500	$417K	0.0%	$22.07	0.0%	Equity	42824C109
OIH	VanEck Oil Services ETF	1,000	$404K	0.0%	$404.21	—	Exchange Traded Fund	92189H607
MSGS	Madison Square Garden Sports C	1,000	$321K	0.0%	$286.84	0.0%	Equity	55825T103
XLB	State Street Materials Select	6,000	$300K	0.0%	$49.97	—	Exchange Traded Fund	81369Y100
XHB	State Street SPDR S&P Homebuil	3,000	$296K	0.0%	$98.72	—	Exchange Traded Fund	78464A888
BOTZ	Global X Robotics & Artificial	7,000	$233K	0.0%	$33.22	—	Exchange Traded Fund	37954Y715
FAST	Fastenal Co	5,000	$232K	0.0%	$44.27	0.0%	Equity	311900104
IYT	iShares U.S. Transportation ET	3,000	$224K	0.0%	$74.60	—	Exchange Traded Fund	464287192
VRTX	Vertex Pharmaceuticals Inc	500	$223K	0.0%	$467.55	0.0%	Equity	92532F100
TPYP	Tortoise North American Pipeli	5,000	$212K	0.0%	$42.36	—	Exchange Traded Fund	890930308
AMR	Alpha Metallurgical Resources	1,000	$205K	0.0%	$210.53	0.0%	Equity	020764106

Increased Positions (30)

PGX Invesco Preferred ETF 9.6%

Value $112M (+35.9%) Shares 10,278,204 (+40.4%) Est. Cost $11.14 Unrealized —

SPLB State Street SPDR Portfolio Lo 3.4%

Value $39.58M (+250.6%) Shares 1,781,208 (+256.2%) Est. Cost $22.32 Unrealized —

JPST JPMorgan Ultra-Short Income ET 5.6%

Value $64.82M (+64.1%) Shares 1,280,797 (+64.0%) Est. Cost $50.46 Unrealized —

SRLN State Street Blackstone Senior 1.8%

Value $21.06M (+155.2%) Shares 524,778 (+162.4%) Est. Cost $40.61 Unrealized —

— PIMCO Municipal Income Fund II 4.9%

Value $57.36M (+19.9%) Shares 7,577,061 (+19.4%) Est. Cost $7.67 Unrealized —

— Invesco Senior Income Trust 1.9%

Value $21.64M (+48.9%) Shares 6,721,458 (+51.2%) Est. Cost $3.25 Unrealized —

MLN VanEck Long Muni ETF 1.9%

Value $22.51M (+8.5%) Shares 1,290,744 (+9.0%) Est. Cost $17.50 Unrealized —

SMH VanEck Semiconductor ETF 0.2%

Value $2.876M (+99.6%) Shares 7,500 (+87.5%) Est. Cost $315.94 Unrealized —

QTUM Defiance Quantum ETF 0.1%

Value $1.341M (+122.4%) Shares 12,500 (+127.3%) Est. Cost $108.34 Unrealized —

SPG Simon Property Group Inc 0.1%

Value $1.161M (+161.2%) Shares 6,222 (+159.3%) Est. Cost $162.98 Unrealized +12.9%

AAPL Apple Inc 0.1%

Value $1.142M (+110.0%) Shares 4,500 (+125.0%) Est. Cost $265.28 Unrealized -0.9%

RIO Rio Tinto PLC 0.1%

Value $1.451M (+67.3%) Shares 15,556 (+43.5%) Est. Cost $71.42 Unrealized —

ITA iShares U.S. Aerospace & Defen 0.1%

Value $1.07M (+108.5%) Shares 4,890 (+104.6%) Est. Cost $171.21 Unrealized —

KNTK Kinetik Holdings Inc 0.1%

Value $1.411M (+60.9%) Shares 29,141 (+19.8%) Est. Cost $37.66 Unrealized +6.9%

XBI State Street SPDR S&P Biotech 0.1%

Value $1.533M (+47.9%) Shares 12,000 (+41.2%) Est. Cost $95.27 Unrealized —

AGNC AGNC Investment Corp 0.2%

Value $1.949M (+29.5%) Shares 194,283 (+38.4%) Est. Cost $11.09 Unrealized —

VICI VICI Properties Inc 0.1%

Value $1.055M (+63.5%) Shares 38,607 (+68.3%) Est. Cost $30.45 Unrealized -7.6%

XLU State Street Utilities Select 0.1%

Value $1.124M (+54.9%) Shares 24,500 (+44.1%) Est. Cost $58.73 Unrealized —

GOOGL Alphabet Inc 0.1%

Value $1.312M (+26.5%) Shares 4,564 (+37.7%) Est. Cost $233.91 Unrealized +38.2%

XLY State Street Consumer Discreti 0.1%

Value $1.253M (+23.5%) Shares 11,500 (+35.3%) Est. Cost $116.69 Unrealized —

AQWA Global X Clean Water ETF 0.0%

Value $380K (+102.2%) Shares 20,000 (+100.0%) Est. Cost $18.87 Unrealized —

DIS Walt Disney Co/The 0.0%

Value $386K (+69.4%) Shares 4,000 (+100.0%) Est. Cost $109.49 Unrealized -0.0%

ORLY O'Reilly Automotive Inc 0.1%

Value $600K (+31.6%) Shares 6,500 (+30.0%) Est. Cost $97.07 Unrealized -2.2%

NEE NextEra Energy Inc 0.1%

Value $650K (+24.6%) Shares 7,000 (+7.7%) Est. Cost $73.28 Unrealized +18.9%

ADI Analog Devices Inc 0.0%

Value $398K (+46.6%) Shares 1,250 (+25.0%) Est. Cost $246.50 Unrealized +28.3%

HPQ HP Inc 0.1%

Value $796K (+17.0%) Shares 41,434 (+35.7%) Est. Cost $23.81 Unrealized -17.0%

GLP Global Partners LP/MA 0.1%

Value $735K (+18.4%) Shares 17,469 (+17.7%) Est. Cost $46.18 Unrealized —

C Citigroup Inc 0.1%

Value $737K (+5.3%) Shares 6,500 (+8.3%) Est. Cost $104.60 Unrealized +11.1%

SWKS Skyworks Solutions Inc 0.1%

Value $690K (-1.2%) Shares 12,885 (+16.9%) Est. Cost $68.08 Unrealized -11.9%

IEF iShares 7-10 Year Treasury Bon 0.0%

Value $314K (+0.6%) Shares 3,291 (+1.3%) Est. Cost $95.98 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PGX	Invesco Preferred ETF	10,278,204 (+40.4%)	$112M (+35.9%)	9.6%	$11.14	—	Exchange Traded Fund	46138E511
SPLB	State Street SPDR Portfolio Lo	1,781,208 (+256.2%)	$39.58M (+250.6%)	3.4%	$22.32	—	Exchange Traded Fund	78464A367
JPST	JPMorgan Ultra-Short Income ET	1,280,797 (+64.0%)	$64.82M (+64.1%)	5.6%	$50.46	—	Exchange Traded Fund	46641Q837
SRLN	State Street Blackstone Senior	524,778 (+162.4%)	$21.06M (+155.2%)	1.8%	$40.61	—	Exchange Traded Fund	78467V608
—	PIMCO Municipal Income Fund II	7,577,061 (+19.4%)	$57.36M (+19.9%)	4.9%	$7.67	—	Exchange Traded Fund	72200W106
—	Invesco Senior Income Trust	6,721,458 (+51.2%)	$21.64M (+48.9%)	1.9%	$3.25	—	Exchange Traded Fund	46131H107
MLN	VanEck Long Muni ETF	1,290,744 (+9.0%)	$22.51M (+8.5%)	1.9%	$17.50	—	Exchange Traded Fund	92189F536
SMH	VanEck Semiconductor ETF	7,500 (+87.5%)	$2.876M (+99.6%)	0.2%	$315.94	—	Exchange Traded Fund	92189F676
QTUM	Defiance Quantum ETF	12,500 (+127.3%)	$1.341M (+122.4%)	0.1%	$108.34	—	Exchange Traded Fund	26922A420
SPG	Simon Property Group Inc	6,222 (+159.3%)	$1.161M (+161.2%)	0.1%	$162.98	+12.9%	Equity	828806109
AAPL	Apple Inc	4,500 (+125.0%)	$1.142M (+110.0%)	0.1%	$265.28	-0.9%	Equity	037833100
RIO	Rio Tinto PLC	15,556 (+43.5%)	$1.451M (+67.3%)	0.1%	$71.42	—	Depository Receipt	767204100
ITA	iShares U.S. Aerospace & Defen	4,890 (+104.6%)	$1.07M (+108.5%)	0.1%	$171.21	—	Exchange Traded Fund	464288760
KNTK	Kinetik Holdings Inc	29,141 (+19.8%)	$1.411M (+60.9%)	0.1%	$37.66	+6.9%	Equity	02215L209
XBI	State Street SPDR S&P Biotech	12,000 (+41.2%)	$1.533M (+47.9%)	0.1%	$95.27	—	Exchange Traded Fund	78464A870
AGNC	AGNC Investment Corp	194,283 (+38.4%)	$1.949M (+29.5%)	0.2%	$11.09	—	Equity	00123Q104
VICI	VICI Properties Inc	38,607 (+68.3%)	$1.055M (+63.5%)	0.1%	$30.45	-7.6%	Equity	925652109
XLU	State Street Utilities Select	24,500 (+44.1%)	$1.124M (+54.9%)	0.1%	$58.73	—	Exchange Traded Fund	81369Y886
GOOGL	Alphabet Inc	4,564 (+37.7%)	$1.312M (+26.5%)	0.1%	$233.91	+38.2%	Equity	02079K305
XLY	State Street Consumer Discreti	11,500 (+35.3%)	$1.253M (+23.5%)	0.1%	$116.69	—	Exchange Traded Fund	81369Y407
AQWA	Global X Clean Water ETF	20,000 (+100.0%)	$380K (+102.2%)	0.0%	$18.87	—	Exchange Traded Fund	37954Y186
DIS	Walt Disney Co/The	4,000 (+100.0%)	$386K (+69.4%)	0.0%	$109.49	-0.0%	Equity	254687106
ORLY	O'Reilly Automotive Inc	6,500 (+30.0%)	$600K (+31.6%)	0.1%	$97.07	-2.2%	Equity	67103H107
NEE	NextEra Energy Inc	7,000 (+7.7%)	$650K (+24.6%)	0.1%	$73.28	+18.9%	Equity	65339F101
ADI	Analog Devices Inc	1,250 (+25.0%)	$398K (+46.6%)	0.0%	$246.50	+28.3%	Equity	032654105
HPQ	HP Inc	41,434 (+35.7%)	$796K (+17.0%)	0.1%	$23.81	-17.0%	Equity	40434L105
GLP	Global Partners LP/MA	17,469 (+17.7%)	$735K (+18.4%)	0.1%	$46.18	—	Equity Unit	37946R109
C	Citigroup Inc	6,500 (+8.3%)	$737K (+5.3%)	0.1%	$104.60	+11.1%	Equity	172967424
SWKS	Skyworks Solutions Inc	12,885 (+16.9%)	$690K (-1.2%)	0.1%	$68.08	-11.9%	Equity	83088M102
IEF	iShares 7-10 Year Treasury Bon	3,291 (+1.3%)	$314K (+0.6%)	0.0%	$95.98	—	Exchange Traded Fund	464287440

Exited Positions (36)

— Nuveen AMT-Free Quality Munici 2.8%

Value $32.58M Shares 2,801,020 Est. Cost $12.17 Unrealized —

LQD iShares iBoxx $ Investment Gra 1.9%

Value $22.04M Shares 200,000 Est. Cost $110.19 Unrealized —

BKLN Invesco Senior Loan ETF 0.7%

Value $8.4M Shares 400,000 Est. Cost $20.88 Unrealized —

IWM iShares Russell 2000 ETF 0.1%

Value $1.354M Shares 5,500 Est. Cost $246.16 Unrealized —

MSFT Microsoft Corp 0.1%

Value $1.33M Shares 2,750 Est. Cost $421.31 Unrealized +3.2%

FSK FS KKR Capital Corp 0.1%

Value $1.063M Shares 71,755 Est. Cost $12.63 Unrealized +9.3%

ENB Enbridge Inc 0.1%

Value $975K Shares 20,387 Est. Cost $32.18 Unrealized +50.9%

OMF OneMain Holdings Inc 0.1%

Value $911K Shares 13,483 Est. Cost $51.85 Unrealized +22.0%

AB AllianceBernstein Holding LP 0.1%

Value $802K Shares 20,831 Est. Cost $34.74 Unrealized —

PLTR Palantir Technologies Inc 0.1%

Value $800K Shares 4,500 Est. Cost $148.86 Unrealized +3.6%

SBRA Sabra Health Care REIT Inc 0.1%

Value $775K Shares 40,895 Est. Cost $13.16 Unrealized —

VZ Verizon Communications Inc 0.1%

Value $732K Shares 17,973 Est. Cost $40.48 Unrealized +8.2%

— BlackRock Core Bond Trust 0.1%

Value $723K Shares 75,432 Est. Cost $9.59 Unrealized —

SWK Stanley Black & Decker Inc 0.1%

Value $720K Shares 9,689 Est. Cost $69.90 Unrealized +20.8%

GLPI Gaming and Leisure Properties 0.1%

Value $716K Shares 16,031 Est. Cost $47.16 Unrealized —

GIS General Mills Inc 0.1%

Value $714K Shares 15,349 Est. Cost $47.46 Unrealized -4.2%

HTGC Hercules Capital Inc 0.1%

Value $704K Shares 37,385 Est. Cost $19.64 Unrealized -10.9%

DOW Dow Inc 0.1%

Value $686K Shares 29,321 Est. Cost $22.78 Unrealized +27.5%

CPB Campbell's Company/The 0.1%

Value $663K Shares 23,773 Est. Cost $31.91 Unrealized -14.5%

AMH American Homes 4 Rent 0.1%

Value $657K Shares 20,462 Est. Cost $36.78 Unrealized —

— FS Credit Opportunities Corp 0.1%

Value $645K Shares 102,456 Est. Cost $6.41 Unrealized —

BBY Best Buy Co Inc 0.1%

Value $615K Shares 9,183 Est. Cost $70.01 Unrealized -4.3%

OBDC Blue Owl Capital Corp 0.1%

Value $611K Shares 49,184 Est. Cost $13.10 Unrealized -8.2%

VST Vistra Corp 0.0%

Value $565K Shares 3,500 Est. Cost $153.27 Unrealized +6.5%

OCSL Oaktree Specialty Lending Corp 0.0%

Value $559K Shares 43,855 Est. Cost $19.51 Unrealized -36.4%

AXP American Express Co 0.0%

Value $555K Shares 1,500 Est. Cost $283.58 Unrealized +25.6%

MP MP Materials Corp 0.0%

Value $429K Shares 8,500 Est. Cost $27.75 Unrealized +122.5%

FLR Fluor Corp 0.0%

Value $396K Shares 10,000 Est. Cost $44.24 Unrealized +5.8%

WFC Wells Fargo & Co 0.0%

Value $373K Shares 4,000 Est. Cost $86.63 Unrealized +3.9%

XLE State Street Energy Select Sec 0.0%

Value $358K Shares 8,000 Est. Cost $86.91 Unrealized —

UL Unilever PLC 0.0%

Value $349K Shares 5,333 Est. Cost $65.40 Unrealized —

BLK Blackrock Inc 0.0%

Value $321K Shares 300 Est. Cost $1089.41 Unrealized +0.7%

MMM 3M Co 0.0%

Value $320K Shares 2,000 Est. Cost $163.18 Unrealized +0.5%

EBAY eBay Inc 0.0%

Value $305K Shares 3,500 Est. Cost $86.37 Unrealized +3.4%

SOFI SoFi Technologies Inc 0.0%

Value $236K Shares 9,000 Est. Cost $27.87 Unrealized -16.4%

BDRY Breakwave Dry Bulk Shipping ET 0.0%

Value $132K Shares 15,000 Est. Cost $7.89 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Nuveen AMT-Free Quality Munici	2,801,020	$32.58M	2.8%	$12.17	—	—	670657105
LQD	iShares iBoxx $ Investment Gra	200,000	$22.04M	1.9%	$110.19	—	—	464287242
BKLN	Invesco Senior Loan ETF	400,000	$8.4M	0.7%	$20.88	—	—	46138G508
IWM	iShares Russell 2000 ETF	5,500	$1.354M	0.1%	$246.16	—	—	464287655
MSFT	Microsoft Corp	2,750	$1.33M	0.1%	$421.31	+3.2%	—	594918104
FSK	FS KKR Capital Corp	71,755	$1.063M	0.1%	$12.63	+9.3%	—	302635206
ENB	Enbridge Inc	20,387	$975K	0.1%	$32.18	+50.9%	—	29250N105
OMF	OneMain Holdings Inc	13,483	$911K	0.1%	$51.85	+22.0%	—	68268W103
AB	AllianceBernstein Holding LP	20,831	$802K	0.1%	$34.74	—	—	01881G106
PLTR	Palantir Technologies Inc	4,500	$800K	0.1%	$148.86	+3.6%	—	69608A108
SBRA	Sabra Health Care REIT Inc	40,895	$775K	0.1%	$13.16	—	—	78573L106
VZ	Verizon Communications Inc	17,973	$732K	0.1%	$40.48	+8.2%	—	92343V104
—	BlackRock Core Bond Trust	75,432	$723K	0.1%	$9.59	—	—	09249E101
SWK	Stanley Black & Decker Inc	9,689	$720K	0.1%	$69.90	+20.8%	—	854502101
GLPI	Gaming and Leisure Properties	16,031	$716K	0.1%	$47.16	—	—	36467J108
GIS	General Mills Inc	15,349	$714K	0.1%	$47.46	-4.2%	—	370334104
HTGC	Hercules Capital Inc	37,385	$704K	0.1%	$19.64	-10.9%	—	427096508
DOW	Dow Inc	29,321	$686K	0.1%	$22.78	+27.5%	—	260557103
CPB	Campbell's Company/The	23,773	$663K	0.1%	$31.91	-14.5%	—	134429109
AMH	American Homes 4 Rent	20,462	$657K	0.1%	$36.78	—	—	02665T306
—	FS Credit Opportunities Corp	102,456	$645K	0.1%	$6.41	—	—	30290Y101
BBY	Best Buy Co Inc	9,183	$615K	0.1%	$70.01	-4.3%	—	086516101
OBDC	Blue Owl Capital Corp	49,184	$611K	0.1%	$13.10	-8.2%	—	69121K104
VST	Vistra Corp	3,500	$565K	0.0%	$153.27	+6.5%	—	92840M102
OCSL	Oaktree Specialty Lending Corp	43,855	$559K	0.0%	$19.51	-36.4%	—	67401P405
AXP	American Express Co	1,500	$555K	0.0%	$283.58	+25.6%	—	025816109
MP	MP Materials Corp	8,500	$429K	0.0%	$27.75	+122.5%	—	553368101
FLR	Fluor Corp	10,000	$396K	0.0%	$44.24	+5.8%	—	343412102
WFC	Wells Fargo & Co	4,000	$373K	0.0%	$86.63	+3.9%	—	949746101
XLE	State Street Energy Select Sec	8,000	$358K	0.0%	$86.91	—	—	81369Y506
UL	Unilever PLC	5,333	$349K	0.0%	$65.40	—	—	904767803
BLK	Blackrock Inc	300	$321K	0.0%	$1089.41	+0.7%	—	09290D101
MMM	3M Co	2,000	$320K	0.0%	$163.18	+0.5%	—	88579Y101
EBAY	eBay Inc	3,500	$305K	0.0%	$86.37	+3.4%	—	278642103
SOFI	SoFi Technologies Inc	9,000	$236K	0.0%	$27.87	-16.4%	—	83406F102
BDRY	Breakwave Dry Bulk Shipping ET	15,000	$132K	0.0%	$7.89	—	—	03210A107

Decreased Positions (41)

SHYG iShares 0-5 Year High Yield Co 7.6%

Value $88.49M (-82.8%) Shares 2,091,384 (-82.5%) Est. Cost $43.11 Unrealized —

TLT iShares 20 Year Treasury Bond 0.1%

Value $700K (-99.5%) Shares 8,077 (-99.5%) Est. Cost $91.02 Unrealized —

PFF iShares Preferred and Income S 0.1%

Value $1.533M (-98.6%) Shares 50,570 (-97.6%) Est. Cost $31.62 Unrealized —

— Nuveen Quality Municipal Incom 0.3%

Value $3.415M (-88.9%) Shares 296,999 (-88.4%) Est. Cost $12.58 Unrealized —

QQQ Invesco QQQ Trust Series 1 0.2%

Value $2.306M (-60.5%) Shares 3,996 (-57.9%) Est. Cost $596.20 Unrealized —

NEAR iShares Short Duration Bond Ac 10.5%

Value $122M (-2.6%) Shares 2,396,803 (-2.1%) Est. Cost $50.22 Unrealized —

SPY State Street SPDR S&P 500 ETF 0.0%

Value $322K (-90.6%) Shares 495 (-90.1%) Est. Cost $670.21 Unrealized —

VUSB Vanguard Ultra Short Bond ETF 13.3%

Value $154M (-1.9%) Shares 3,101,884 (-1.8%) Est. Cost $49.86 Unrealized —

GSY Invesco Ultra Short Duration E 8.6%

Value $99.26M (-2.3%) Shares 1,980,530 (-2.0%) Est. Cost $50.24 Unrealized —

XLK State Street Technology Select 0.1%

Value $731K (-75.2%) Shares 5,500 (-73.2%) Est. Cost $194.70 Unrealized —

XLC State Street Communication Ser 0.1%

Value $1.33M (-54.8%) Shares 12,000 (-52.0%) Est. Cost $97.33 Unrealized —

XLV State Street Health Care Selec 0.1%

Value $1.223M (-54.9%) Shares 8,342 (-52.3%) Est. Cost $154.80 Unrealized —

MINT PIMCO Enhanced Short Maturity 7.9%

Value $91.64M (-1.4%) Shares 911,252 (-1.6%) Est. Cost $100.37 Unrealized —

IGV iShares Expanded Tech-Software 0.0%

Value $560K (-69.7%) Shares 7,000 (-60.0%) Est. Cost $97.58 Unrealized —

XLF State Street Financial Select 0.1%

Value $741K (-61.9%) Shares 15,000 (-57.7%) Est. Cost $45.78 Unrealized —

VCLT Vanguard Long-Term Corporate B 2.0%

Value $23.45M (-4.4%) Shares 313,863 (-2.9%) Est. Cost $75.17 Unrealized —

HD Home Depot Inc/The 0.0%

Value $329K (-76.1%) Shares 1,000 (-75.0%) Est. Cost $377.67 Unrealized -0.2%

BA Boeing Co/The 0.0%

Value $498K (-61.8%) Shares 2,500 (-58.3%) Est. Cost $180.59 Unrealized +32.1%

ARCC Ares Capital Corp 0.1%

Value $1.387M (-34.3%) Shares 76,947 (-26.3%) Est. Cost $15.37 Unrealized +30.2%

BXSL Blackstone Secured Lending Fun 0.1%

Value $1.445M (-29.1%) Shares 60,982 (-21.3%) Est. Cost $22.66 Unrealized +12.4%

EPD Enterprise Products Partners L 0.1%

Value $1.072M (-30.1%) Shares 28,324 (-40.8%) Est. Cost $26.35 Unrealized —

B Barrick Mining Corp 0.1%

Value $876K (-33.3%) Shares 21,466 (-28.8%) Est. Cost $17.97 Unrealized +168.8%

AMZN Amazon.com Inc 0.1%

Value $870K (-31.5%) Shares 4,175 (-24.1%) Est. Cost $196.38 Unrealized +15.5%

CAPL CrossAmerica Partners LP 0.1%

Value $631K (-36.9%) Shares 30,383 (-37.5%) Est. Cost $22.76 Unrealized —

IHI iShares U.S. Medical Devices E 0.1%

Value $747K (-31.3%) Shares 14,000 (-20.0%) Est. Cost $61.03 Unrealized —

NVDA NVIDIA Corp 0.0%

Value $523K (-37.7%) Shares 3,000 (-33.3%) Est. Cost $123.55 Unrealized +51.1%

PWR Quanta Services Inc 0.0%

Value $275K (-48.0%) Shares 500 (-60.0%) Est. Cost $288.64 Unrealized +68.4%

RITM Rithm Capital Corp 0.1%

Value $1.343M (-14.8%) Shares 141,617 (-2.0%) Est. Cost $9.90 Unrealized —

FRO Frontline PLC 0.1%

Value $840K (-19.9%) Shares 24,103 (-49.9%) Est. Cost $15.65 Unrealized +81.2%

NEM Newmont Corp 0.1%

Value $1.208M (-13.4%) Shares 11,159 (-20.1%) Est. Cost $43.26 Unrealized +173.1%

GNL Global Net Lease Inc 0.1%

Value $710K (-20.1%) Shares 75,827 (-26.6%) Est. Cost $15.03 Unrealized —

MPLX MPLX LP 0.1%

Value $1.459M (-7.4%) Shares 25,559 (-13.4%) Est. Cost $41.36 Unrealized —

UAN CVR Partners LP 0.2%

Value $1.814M (+6.6%) Shares 14,318 (-13.7%) Est. Cost $65.50 Unrealized —

ET Energy Transfer LP 0.1%

Value $1.424M (-6.7%) Shares 73,804 (-20.3%) Est. Cost $13.80 Unrealized —

VNQ Vanguard Real Estate ETF 0.1%

Value $798K (-9.8%) Shares 9,000 (-10.0%) Est. Cost $92.90 Unrealized —

MPC Marathon Petroleum Corp 0.0%

Value $488K (+20.1%) Shares 2,000 (-20.0%) Est. Cost $148.83 Unrealized +24.1%

AES AES Corp/The 0.1%

Value $693K (-9.0%) Shares 49,164 (-7.4%) Est. Cost $12.77 Unrealized +18.6%

DKL Delek Logistics Partners LP 0.1%

Value $1.454M (-4.2%) Shares 29,223 (-14.1%) Est. Cost $43.71 Unrealized —

PFE Pfizer Inc 0.1%

Value $765K (+7.4%) Shares 27,258 (-4.8%) Est. Cost $25.03 Unrealized +4.6%

UFO Procure Space ETF 0.0%

Value $358K (-7.2%) Shares 8,000 (-20.0%) Est. Cost $38.65 Unrealized —

XOM Exxon Mobil Corp 0.0%

Value $509K (+5.7%) Shares 3,000 (-25.0%) Est. Cost $111.49 Unrealized +24.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SHYG	iShares 0-5 Year High Yield Co	2,091,384 (-82.5%)	$88.49M (-82.8%)	7.6%	$43.11	—	Exchange Traded Fund	46434V407
TLT	iShares 20 Year Treasury Bond	8,077 (-99.5%)	$700K (-99.5%)	0.1%	$91.02	—	Exchange Traded Fund	464287432
PFF	iShares Preferred and Income S	50,570 (-97.6%)	$1.533M (-98.6%)	0.1%	$31.62	—	Exchange Traded Fund	464288687
—	Nuveen Quality Municipal Incom	296,999 (-88.4%)	$3.415M (-88.9%)	0.3%	$12.58	—	Exchange Traded Fund	67066V101
QQQ	Invesco QQQ Trust Series 1	3,996 (-57.9%)	$2.306M (-60.5%)	0.2%	$596.20	—	Exchange Traded Fund	46090E103
NEAR	iShares Short Duration Bond Ac	2,396,803 (-2.1%)	$122M (-2.6%)	10.5%	$50.22	—	Exchange Traded Fund	46431W507
SPY	State Street SPDR S&P 500 ETF	495 (-90.1%)	$322K (-90.6%)	0.0%	$670.21	—	Exchange Traded Fund	78462F103
VUSB	Vanguard Ultra Short Bond ETF	3,101,884 (-1.8%)	$154M (-1.9%)	13.3%	$49.86	—	Exchange Traded Fund	92203C303
GSY	Invesco Ultra Short Duration E	1,980,530 (-2.0%)	$99.26M (-2.3%)	8.6%	$50.24	—	Exchange Traded Fund	46090A887
XLK	State Street Technology Select	5,500 (-73.2%)	$731K (-75.2%)	0.1%	$194.70	—	Exchange Traded Fund	81369Y803
XLC	State Street Communication Ser	12,000 (-52.0%)	$1.33M (-54.8%)	0.1%	$97.33	—	Exchange Traded Fund	81369Y852
XLV	State Street Health Care Selec	8,342 (-52.3%)	$1.223M (-54.9%)	0.1%	$154.80	—	Exchange Traded Fund	81369Y209
MINT	PIMCO Enhanced Short Maturity	911,252 (-1.6%)	$91.64M (-1.4%)	7.9%	$100.37	—	Exchange Traded Fund	72201R833
IGV	iShares Expanded Tech-Software	7,000 (-60.0%)	$560K (-69.7%)	0.0%	$97.58	—	Exchange Traded Fund	464287515
XLF	State Street Financial Select	15,000 (-57.7%)	$741K (-61.9%)	0.1%	$45.78	—	Exchange Traded Fund	81369Y605
VCLT	Vanguard Long-Term Corporate B	313,863 (-2.9%)	$23.45M (-4.4%)	2.0%	$75.17	—	Exchange Traded Fund	92206C813
HD	Home Depot Inc/The	1,000 (-75.0%)	$329K (-76.1%)	0.0%	$377.67	-0.2%	Equity	437076102
BA	Boeing Co/The	2,500 (-58.3%)	$498K (-61.8%)	0.0%	$180.59	+32.1%	Equity	097023105
ARCC	Ares Capital Corp	76,947 (-26.3%)	$1.387M (-34.3%)	0.1%	$15.37	+30.2%	Equity	04010L103
BXSL	Blackstone Secured Lending Fun	60,982 (-21.3%)	$1.445M (-29.1%)	0.1%	$22.66	+12.4%	Equity	09261X102
EPD	Enterprise Products Partners L	28,324 (-40.8%)	$1.072M (-30.1%)	0.1%	$26.35	—	Equity Unit	293792107
B	Barrick Mining Corp	21,466 (-28.8%)	$876K (-33.3%)	0.1%	$17.97	+168.8%	Equity	06849F108
AMZN	Amazon.com Inc	4,175 (-24.1%)	$870K (-31.5%)	0.1%	$196.38	+15.5%	Equity	023135106
CAPL	CrossAmerica Partners LP	30,383 (-37.5%)	$631K (-36.9%)	0.1%	$22.76	—	Equity Unit	22758A105
IHI	iShares U.S. Medical Devices E	14,000 (-20.0%)	$747K (-31.3%)	0.1%	$61.03	—	Exchange Traded Fund	464288810
NVDA	NVIDIA Corp	3,000 (-33.3%)	$523K (-37.7%)	0.0%	$123.55	+51.1%	Equity	67066G104
PWR	Quanta Services Inc	500 (-60.0%)	$275K (-48.0%)	0.0%	$288.64	+68.4%	Equity	74762E102
RITM	Rithm Capital Corp	141,617 (-2.0%)	$1.343M (-14.8%)	0.1%	$9.90	—	Equity	64828T201
FRO	Frontline PLC	24,103 (-49.9%)	$840K (-19.9%)	0.1%	$15.65	+81.2%	Equity	M46528101
NEM	Newmont Corp	11,159 (-20.1%)	$1.208M (-13.4%)	0.1%	$43.26	+173.1%	Equity	651639106
GNL	Global Net Lease Inc	75,827 (-26.6%)	$710K (-20.1%)	0.1%	$15.03	—	Equity	379378201
MPLX	MPLX LP	25,559 (-13.4%)	$1.459M (-7.4%)	0.1%	$41.36	—	Equity Unit	55336V100
UAN	CVR Partners LP	14,318 (-13.7%)	$1.814M (+6.6%)	0.2%	$65.50	—	Equity Unit	126633205
ET	Energy Transfer LP	73,804 (-20.3%)	$1.424M (-6.7%)	0.1%	$13.80	—	Equity Unit	29273V100
VNQ	Vanguard Real Estate ETF	9,000 (-10.0%)	$798K (-9.8%)	0.1%	$92.90	—	Exchange Traded Fund	922908553
MPC	Marathon Petroleum Corp	2,000 (-20.0%)	$488K (+20.1%)	0.0%	$148.83	+24.1%	Equity	56585A102
AES	AES Corp/The	49,164 (-7.4%)	$693K (-9.0%)	0.1%	$12.77	+18.6%	Equity	00130H105
DKL	Delek Logistics Partners LP	29,223 (-14.1%)	$1.454M (-4.2%)	0.1%	$43.71	—	Equity Unit	24664T103
PFE	Pfizer Inc	27,258 (-4.8%)	$765K (+7.4%)	0.1%	$25.03	+4.6%	Equity	717081103
UFO	Procure Space ETF	8,000 (-20.0%)	$358K (-7.2%)	0.0%	$38.65	—	Exchange Traded Fund	74280R205
XOM	Exxon Mobil Corp	3,000 (-25.0%)	$509K (+5.7%)	0.0%	$111.49	+24.4%	Equity	30231G102

Unchanged Positions (40)

CQP Cheniere Energy Partners LP 0.2%

Value $1.986M Shares 30,730 Est. Cost $49.65 Unrealized —

LPG Dorian LPG Ltd 0.1%

Value $1.025M Shares 29,967 Est. Cost $22.13 Unrealized +37.4%

SLQD iShares 0-5 Year Investment Gr 4.3%

Value $50.34M Shares 997,002 Est. Cost $49.85 Unrealized —

PAA Plains All American Pipeline L 0.1%

Value $1.249M Shares 55,912 Est. Cost $17.66 Unrealized —

AU Anglogold Ashanti Plc 0.2%

Value $1.948M Shares 20,009 Est. Cost $62.29 Unrealized +66.4%

AEM Agnico Eagle Mines Ltd 0.1%

Value $1.245M Shares 6,136 Est. Cost $115.22 Unrealized +78.8%

GNK Genco Shipping & Trading Ltd 0.1%

Value $1.095M Shares 48,549 Est. Cost $17.48 Unrealized +19.1%

USAC USA Compression Partners LP 0.1%

Value $1.276M Shares 47,054 Est. Cost $22.87 Unrealized —

FLNG FLEX LNG Ltd 0.1%

Value $1.181M Shares 39,767 Est. Cost $22.54 Unrealized +17.4%

DX Dynex Capital Inc 0.1%

Value $1.525M Shares 119,499 Est. Cost $12.27 Unrealized —

IRM Iron Mountain Inc 0.1%

Value $842K Shares 8,243 Est. Cost $86.72 Unrealized -4.0%

ARLP Alliance Resource Partners LP 0.1%

Value $977K Shares 35,340 Est. Cost $21.23 Unrealized —

HESM Hess Midstream LP 0.1%

Value $1.415M Shares 36,414 Est. Cost $26.26 Unrealized +34.0%

KRP Kimbell Royalty Partners LP 0.1%

Value $823K Shares 56,906 Est. Cost $15.05 Unrealized —

NLY Annaly Capital Management Inc 0.2%

Value $2.238M Shares 105,834 Est. Cost $19.05 Unrealized —

BSM Black Stone Minerals LP 0.1%

Value $984K Shares 65,096 Est. Cost $15.88 Unrealized —

DLR Digital Realty Trust Inc 0.1%

Value $824K Shares 4,573 Est. Cost $142.66 Unrealized +8.7%

— Neuberger High Yield Strategie 0.1%

Value $642K Shares 99,103 Est. Cost $7.58 Unrealized —

IVR Invesco Mortgage Capital Inc 0.1%

Value $1.687M Shares 208,827 Est. Cost $7.56 Unrealized —

HEDG Equable Shares Hedged Equity E 0.5%

Value $6.072M Shares 209,523 Est. Cost $29.33 Unrealized —

APAM Artisan Partners Asset Managem 0.0%

Value $564K Shares 15,490 Est. Cost $36.41 Unrealized +15.7%

JPM JPMorgan Chase & Co 0.1%

Value $735K Shares 2,500 Est. Cost $274.36 Unrealized +13.5%

STWD Starwood Property Trust Inc 0.1%

Value $1.305M Shares 75,810 Est. Cost $16.67 Unrealized —

WMT Walmart Inc 0.1%

Value $621K Shares 5,000 Est. Cost $97.62 Unrealized +25.0%

AMLP Alerian MLP ETF 0.0%

Value $526K Shares 10,000 Est. Cost $46.64 Unrealized —

— Morgan Stanley Emerging Market 0.1%

Value $711K Shares 140,159 Est. Cost $4.94 Unrealized —

— Templeton Emerging Markets Inc 0.1%

Value $661K Shares 109,997 Est. Cost $5.83 Unrealized —

— PIMCO Dynamic Income Opportuni 0.1%

Value $674K Shares 52,116 Est. Cost $12.62 Unrealized —

— Nuveen Preferred & Income Oppo 0.0%

Value $568K Shares 75,329 Est. Cost $7.99 Unrealized —

— NYLI CBRE Global Infrastructur 0.1%

Value $778K Shares 52,931 Est. Cost $12.52 Unrealized —

— PIMCO Access Income Fund 0.1%

Value $630K Shares 43,689 Est. Cost $15.73 Unrealized —

— Morgan Stanley Emerging Market 0.1%

Value $590K Shares 84,116 Est. Cost $7.93 Unrealized —

— KKR Income Opportunities Fund 0.0%

Value $519K Shares 47,137 Est. Cost $13.58 Unrealized —

XLI State Street Industrial Select 0.1%

Value $687K Shares 4,250 Est. Cost $132.75 Unrealized —

— Nuveen Credit Strategies Incom 0.1%

Value $716K Shares 147,025 Est. Cost $6.75 Unrealized —

WES Western Midstream Partners LP 0.1%

Value $735K Shares 17,851 Est. Cost $29.26 Unrealized —

— Western Asset Diversified Inco 0.1%

Value $630K Shares 46,888 Est. Cost $15.68 Unrealized —

TRIN Trinity Capital Inc 0.1%

Value $702K Shares 47,706 Est. Cost $14.09 Unrealized +11.8%

— Invesco Quality Municipal Inco 0.0%

Value $109K Shares 11,300 Est. Cost $9.82 Unrealized —

JMST JPMorgan Ultra-Short Municipal 0.2%

Value $1.776M Shares 34,847 Est. Cost $50.92 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CQP	Cheniere Energy Partners LP	30,730	$1.986M	0.2%	$49.65	—	Equity Unit	16411Q101
LPG	Dorian LPG Ltd	29,967	$1.025M	0.1%	$22.13	+37.4%	Equity	Y2106R110
SLQD	iShares 0-5 Year Investment Gr	997,002	$50.34M	4.3%	$49.85	—	Exchange Traded Fund	46434V100
PAA	Plains All American Pipeline L	55,912	$1.249M	0.1%	$17.66	—	Equity Unit	726503105
AU	Anglogold Ashanti Plc	20,009	$1.948M	0.2%	$62.29	+66.4%	Equity	G0378L100
AEM	Agnico Eagle Mines Ltd	6,136	$1.245M	0.1%	$115.22	+78.8%	Equity	008474108
GNK	Genco Shipping & Trading Ltd	48,549	$1.095M	0.1%	$17.48	+19.1%	Equity	Y2685T131
USAC	USA Compression Partners LP	47,054	$1.276M	0.1%	$22.87	—	Equity Unit	90290N109
FLNG	FLEX LNG Ltd	39,767	$1.181M	0.1%	$22.54	+17.4%	Equity	G35947202
DX	Dynex Capital Inc	119,499	$1.525M	0.1%	$12.27	—	Equity	26817Q886
IRM	Iron Mountain Inc	8,243	$842K	0.1%	$86.72	-4.0%	Equity	46284V101
ARLP	Alliance Resource Partners LP	35,340	$977K	0.1%	$21.23	—	Equity Unit	01877R108
HESM	Hess Midstream LP	36,414	$1.415M	0.1%	$26.26	+34.0%	Equity	428103105
KRP	Kimbell Royalty Partners LP	56,906	$823K	0.1%	$15.05	—	Equity Unit	49435R102
NLY	Annaly Capital Management Inc	105,834	$2.238M	0.2%	$19.05	—	Equity	035710839
BSM	Black Stone Minerals LP	65,096	$984K	0.1%	$15.88	—	Equity Unit	09225M101
DLR	Digital Realty Trust Inc	4,573	$824K	0.1%	$142.66	+8.7%	Equity	253868103
—	Neuberger High Yield Strategie	99,103	$642K	0.1%	$7.58	—	Exchange Traded Fund	64128C106
IVR	Invesco Mortgage Capital Inc	208,827	$1.687M	0.1%	$7.56	—	Equity	46131B704
HEDG	Equable Shares Hedged Equity E	209,523	$6.072M	0.5%	$29.33	—	Exchange Traded Fund	81752T411
APAM	Artisan Partners Asset Managem	15,490	$564K	0.0%	$36.41	+15.7%	Equity	04316A108
JPM	JPMorgan Chase & Co	2,500	$735K	0.1%	$274.36	+13.5%	Equity	46625H100
STWD	Starwood Property Trust Inc	75,810	$1.305M	0.1%	$16.67	—	Equity	85571B105
WMT	Walmart Inc	5,000	$621K	0.1%	$97.62	+25.0%	Equity	931142103
AMLP	Alerian MLP ETF	10,000	$526K	0.0%	$46.64	—	Exchange Traded Fund	00162Q452
—	Morgan Stanley Emerging Market	140,159	$711K	0.1%	$4.94	—	Exchange Traded Fund	617477104
—	Templeton Emerging Markets Inc	109,997	$661K	0.1%	$5.83	—	Exchange Traded Fund	880192109
—	PIMCO Dynamic Income Opportuni	52,116	$674K	0.1%	$12.62	—	Exchange Traded Fund	69355M107
—	Nuveen Preferred & Income Oppo	75,329	$568K	0.0%	$7.99	—	Exchange Traded Fund	67073B106
—	NYLI CBRE Global Infrastructur	52,931	$778K	0.1%	$12.52	—	Exchange Traded Fund	56064Q107
—	PIMCO Access Income Fund	43,689	$630K	0.1%	$15.73	—	Exchange Traded Fund	72203T100
—	Morgan Stanley Emerging Market	84,116	$590K	0.1%	$7.93	—	Exchange Traded Fund	61744H105
—	KKR Income Opportunities Fund	47,137	$519K	0.0%	$13.58	—	Exchange Traded Fund	48249T106
XLI	State Street Industrial Select	4,250	$687K	0.1%	$132.75	—	Exchange Traded Fund	81369Y704
—	Nuveen Credit Strategies Incom	147,025	$716K	0.1%	$6.75	—	Exchange Traded Fund	67073D102
WES	Western Midstream Partners LP	17,851	$735K	0.1%	$29.26	—	Equity Unit	958669103
—	Western Asset Diversified Inco	46,888	$630K	0.1%	$15.68	—	Exchange Traded Fund	95790K109
TRIN	Trinity Capital Inc	47,706	$702K	0.1%	$14.09	+11.8%	Equity	896442308
—	Invesco Quality Municipal Inco	11,300	$109K	0.0%	$9.82	—	Exchange Traded Fund	46133G107
JMST	JPMorgan Ultra-Short Municipal	34,847	$1.776M	0.2%	$50.92	—	Exchange Traded Fund	46641Q654