Rareview Capital LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	29,299	$14,084	13.9%	$443.83	—	S&P 500 ETF SHS	922908363
BIL	SPDR SER TR	137,411	$12,614	12.4%	$91.49	—	BLOOMBERG 1-3 MO	78468R663
VEA	VANGUARD TAX-MANAGED FDS	169,632	$8,510	8.4%	$48.35	—	VAN FTSE DEV MKT	921943858
VB	VANGUARD INDEX FDS	24,416	$5,581	5.5%	$215.12	—	SMALL CP ETF	922908751
VWO	VANGUARD INTL EQUITY INDEX F	104,828	$4,379	4.3%	$41.16	—	FTSE EMR MKT ETF	922042858
—	NUVEEN MUNICIPAL CREDIT INC	342,830	$4,196	4.1%	$11.82	—	COM SH BEN INT	67070X101
—	NUVEEN AMT FREE MUN CR INC F	341,490	$4,149	4.1%	$11.82	—	COM	67071L106
—	NUVEEN QUALITY MUNCP INCOME	361,576	$4,144	4.1%	$11.45	—	COM	67066V101
—	WESTERN ASSET MANAGED MUNS F	281,532	$2,942	2.9%	$10.17	—	COM	95766M105
—	WESTERN ASSET EMERGING MKTS	294,783	$2,833	2.8%	$9.21	—	COM	95766A101
—	FIRST TR INTER DURATN PFD &	155,246	$2,782	2.7%	$16.31	—	COM	33718W103
—	BLACKROCK MUNI INCOME TR II	221,123	$2,401	2.4%	$10.68	—	COM	09249N101
—	INVESCO QUALITY MUN INCOME T	242,844	$2,351	2.3%	$9.51	—	COM	46133G107
—	INVESCO MUNICIPAL TRUST	216,610	$2,101	2.1%	$9.53	—	COM	46131J103
—	NUVEEN PFD & INCOME OPPORTUN	289,879	$2,084	2.0%	$6.76	—	COM	67073B106
—	NUVEEN AMT FREE QLTY MUN INC	186,873	$2,069	2.0%	$11.07	—	COM	670657105
—	MORGAN STANLEY EMERGING MKTS	427,638	$2,031	2.0%	$4.66	—	COM	617477104
QQQ	INVESCO QQQ TR	3,864	$1,716	1.7%	$444.01	—	UNIT SER 1	46090E103
—	PIMCO DYNAMIC INCOME STRATEG	76,297	$1,618	1.6%	$20.48	—	COM SHS BEN INT	69346N107
—	TEMPLETON EMERGING MKTS INCO	286,328	$1,555	1.5%	$5.10	—	COM	880192109
—	INVESCO MUN OPPORTUNITY TR	143,894	$1,400	1.4%	$9.61	—	COM	46132C107
—	PGIM GLOBAL HIGH YIELD FD FO	115,914	$1,386	1.4%	$11.36	—	COM	69346J106
—	BLACKROCK INCOME TR INC	104,825	$1,247	1.2%	$12.18	—	COM NEW	09247F209
—	INVESCO VALUE MUN INCOME TR	103,279	$1,239	1.2%	$12.00	—	COM	46132P108
—	ALLSPRING INCOME OPPORTUNIT	156,557	$1,040	1.0%	$6.53	—	INC OPPTY FD	94987B105
MBB	ISHARES TR	10,358	$957	0.9%	$94.08	—	MBS ETF	464288588
—	PGIM SHORT DUR HIG YLD OPP F	52,647	$810	0.8%	$15.38	—	COM	69355J104
—	NUVEEN CA QUALTY MUN INCOME	73,167	$806	0.8%	$11.09	—	COM	67066Y105
—	FRANKLIN LTD DURATION INCOME	126,481	$793	0.8%	$6.22	—	COM	35472T101
—	NUVEEN CALIFORNIA AMT QLT MU	64,875	$788	0.8%	$11.54	—	COM	670651108
DCRE	DOUBLELINE ETF TRUST	15,282	$783	0.8%	$51.25	—	COMMERCIAL REAL	25861R303
HYG	ISHARES TR	9,652	$750	0.7%	$77.73	—	IBOXX HI YD ETF	464288513
—	NUVEEN VRIABL RAT PFD & INM	40,464	$725	0.7%	$16.25	—	COM	67080R102
XMYDX	BLACKROCK MUNIYIELD FD INC	57,701	$638	0.6%	$10.78	—	COM	09253W104
XEVMX	EATON VANCE CALIF MUN BD FD	57,443	$543	0.5%	$9.15	—	COM	27828A100
XMVFX	BLACKROCK MUNIVEST FD INC	74,034	$523	0.5%	$7.06	—	COM	09253R105
PFF	ISHARES TR	14,752	$475	0.5%	$32.23	—	PFD AND INCM SEC	464288687
LQD	ISHARES TR	4,339	$473	0.5%	$108.92	—	IBOXX INV CP ETF	464287242
—	FIRST TR HIGH YIELD OPPRT 20	32,295	$470	0.5%	$13.93	—	COM	33741Q107
—	PGIM HIGH YIELD BOND FUND IN	35,528	$462	0.5%	$12.32	—	COM	69346H100
XBI	SPDR SER TR	4,199	$398	0.4%	$94.89	—	S&P BIOTECH	78464A870
—	BLACKROCK MUNIYIELD QUALITY	27,552	$316	0.3%	$11.64	—	COM	09254E103
—	BLACKROCK MUNIHLDNGS CALI QL	27,829	$306	0.3%	$11.13	—	COM	09254L107
UNH	UNITEDHEALTH GROUP INC	406	$201	0.2%	$511.31	-4.4%	COM	91324P102