Rareview Capital LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	25,794	$13,611	9.8%	$448.79	—	S&P 500 ETF SHS	922908363
TBIL	RBB FD INC	222,174	$11,118	8.0%	$50.04	—	US TREAS 3 MNTH	74933W452
VEA	VANGUARD TAX-MANAGED FDS	204,750	$10,813	7.8%	$48.86	—	VAN FTSE DEV MKT	921943858
QQQ	INVESCO QQQ TR	15,480	$7,555	5.5%	$472.09	—	UNIT SER 1	46090E103
—	NUVEEN MUNICIPAL CREDIT INC	409,099	$5,359	3.9%	$12.06	—	COM SH BEN INT	67070X101
—	NUVEEN QUALITY MUNCP INCOME	373,632	$4,626	3.3%	$11.58	—	COM	67066V101
VWO	VANGUARD INTL EQUITY INDEX F	89,387	$4,277	3.1%	$41.66	—	FTSE EMR MKT ETF	922042858
VB	VANGUARD INDEX FDS	16,234	$3,851	2.8%	$215.65	—	SMALL CP ETF	922908751
—	WESTERN ASSET EMERGING MKTS	358,016	$3,645	2.6%	$9.38	—	COM	95766A101
—	NUVEEN AMT FREE MUN CR INC F	271,503	$3,635	2.6%	$12.06	—	COM	67071L106
—	NUVEEN VRIABL RAT PFD & INM	188,985	$3,579	2.6%	$18.36	—	COM	67080R102
—	WESTERN ASSET MANAGED MUNS F	327,253	$3,547	2.6%	$10.26	—	COM	95766M105
—	MORGAN STANLEY EMERGING MKTS	683,475	$3,445	2.5%	$4.80	—	COM	617477104
—	BLACKROCK MUNI INCOME TR II	305,849	$3,444	2.5%	$10.86	—	COM	09249N101
—	INVESCO QUALITY MUN INCOME T	285,247	$2,978	2.2%	$9.67	—	COM	46133G107
—	INVESCO MUN OPPORTUNITY TR	288,132	$2,959	2.1%	$9.95	—	COM	46132C107
ZROZ	PIMCO ETF TR	34,804	$2,869	2.1%	$82.42	—	25YR+ ZERO U S	72201R882
—	WESTERN ASSET HIGH INCOME OP	685,970	$2,778	2.0%	$4.05	—	COM	95766K109
—	NUVEEN AMT FREE QLTY MUN INC	231,765	$2,774	2.0%	$11.25	—	COM	670657105
—	INVESCO MUNICIPAL TRUST	261,583	$2,684	1.9%	$9.68	—	COM	46131J103
BIL	SPDR SER TR	27,619	$2,536	1.8%	$91.81	—	BLOOMBERG 1-3 MO	78468R663
—	TEMPLETON EMERGING MKTS INCO	430,701	$2,511	1.8%	$5.34	—	COM	880192109
—	ABRDN ASIA PACIFIC INCOME FU	144,035	$2,506	1.8%	$17.40	—	COM NEW	003009867
—	FIRST TR INTER DURATN PFD &	110,576	$2,160	1.6%	$16.31	—	COM	33718W103
CARY	ANGEL OAK FUNDS TRUST	92,471	$1,959	1.4%	$21.19	—	INCOME ETF	03463K760
—	INVESCO VALUE MUN INCOME TR	150,852	$1,943	1.4%	$12.13	—	COM	46132P108
—	PGIM SHORT DUR HIG YLD OPP F	113,151	$1,892	1.4%	$16.09	—	COM	69355J104
—	BLACKROCK CR ALLOCATION INCO	156,604	$1,766	1.3%	$11.28	—	COM	092508100
—	ALLSPRING INCOME OPPORTUNIT	240,882	$1,717	1.2%	$6.75	—	INC OPPTY FD	94987B105
—	BROOKFIELD REAL ASSETS INCOM	118,768	$1,627	1.2%	$13.70	—	SHS BEN INT	112830104
—	ALLSPRING MULTI SECTOR INCOM	159,740	$1,530	1.1%	$9.58	—	COM	94987D101
—	FRANKLIN LTD DURATION INCOME	192,104	$1,281	0.9%	$6.37	—	COM	35472T101
MBB	ISHARES TR	12,932	$1,239	0.9%	$95.08	—	MBS ETF	464288588
XMYDX	BLACKROCK MUNIYIELD FD INC	102,887	$1,176	0.9%	$11.43	—	COM	09253W104
EMB	ISHARES TR	11,789	$1,103	0.8%	$93.58	—	JPMORGAN USD EMG	464288281
HYEM	VANECK ETF TRUST	54,334	$1,081	0.8%	$19.89	—	EMERGING MRKT HI	92189F353
—	WESTERN ASSET GBL HIGH INC F	143,703	$997	0.7%	$6.94	—	COM	95766B109
AGNC	AGNC INVT CORP	94,058	$984	0.7%	$10.46	—	COM	00123Q104
NLY	ANNALY CAPITAL MANAGEMENT IN	47,345	$950	0.7%	$20.07	—	COM NEW	035710839
—	WESTERN ASSET HIGH INCOM FD	198,353	$895	0.6%	$4.51	—	COM	95766J102
—	NUVEEN CALIFORNIA AMT QLT MU	65,305	$887	0.6%	$11.54	—	COM	670651108
—	NUVEEN CA QUALTY MUN INCOME	73,327	$872	0.6%	$11.09	—	COM	67066Y105
DCRE	DOUBLELINE ETF TRUST	16,533	$859	0.6%	$51.31	—	COMMERCIAL REAL	25861R303
—	PGIM GLOBAL HIGH YIELD FD FO	62,114	$794	0.6%	$11.46	—	COM	69346J106
—	PIMCO DYNAMIC INCOME STRATEG	23,752	$560	0.4%	$21.32	—	COM SHS BEN INT	69346N107
XEVMX	EATON VANCE CALIF MUN BD FD	56,756	$548	0.4%	$9.15	—	COM	27828A100
—	BLACKROCK MUNIHOLDINGS FD IN	42,650	$540	0.4%	$12.65	—	COM	09253N104
XBI	SPDR SER TR	4,154	$410	0.3%	$94.71	—	S&P BIOTECH	78464A870
—	BLACKROCK MUNIHLDNGS CALI QL	27,894	$321	0.2%	$11.13	—	COM	09254L107
IGIB	ISHARES TR	5,821	$313	0.2%	$53.72	—	ISHS 5-10YR INVT	464288638
AVGO	BROADCOM INC	1,627	$281	0.2%	$182.87	0.0%	COM	11135F101
UNH	UNITEDHEALTH GROUP INC	406	$237	0.2%	$511.31	+8.1%	COM	91324P102
MSFT	MICROSOFT CORP	471	$203	0.1%	$417.26	+1.2%	COM	594918104