Rareview Capital LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	43,311	$24,602	15.0%	$482.40	—	S&P 500 ETF SHS	922908363
VEA	VANGUARD TAX-MANAGED FDS	313,553	$17,876	10.9%	$49.76	—	VAN FTSE DEV MKT	921943858
BIL	SPDR SERIES TRUST	173,918	$15,953	9.7%	$91.74	—	BLOOMBERG 1-3 MO	78468R663
QQQ	INVESCO QQQ TR	25,125	$13,860	8.5%	$470.41	—	UNIT SER 1	46090E103
VB	VANGUARD INDEX FDS	29,580	$7,010	4.3%	$218.92	—	SMALL CP ETF	922908751
VWO	VANGUARD INTL EQUITY INDEX F	139,173	$6,883	4.2%	$43.37	—	FTSE EMR MKT ETF	922042858
HYEM	VANECK ETF TRUST	198,033	$3,925	2.4%	$19.83	—	EMERGING MRKT HI	92189F353
—	WESTERN ASSET EMERGING MKTS	379,417	$3,813	2.3%	$9.46	—	COM	95766A101
XMYDX	BLACKROCK MUNIYIELD FD INC	374,013	$3,755	2.3%	$10.41	—	COM	09253W104
—	BLACKROCK MUNIHOLDINGS FD IN	321,905	$3,605	2.2%	$11.53	—	COM	09253N104
—	MORGAN STANLEY EMERGING MKTS	647,433	$3,315	2.0%	$4.81	—	COM	617477104
—	BLACKROCK MUN INCOME TR	343,405	$3,293	2.0%	$9.59	—	SH BEN INT	09248F109
—	NEUBERGER BERMAN MUN FD INC	331,218	$3,256	2.0%	$9.83	—	COM	64124P101
—	BLACKROCK MUNI INCOME TR II	318,699	$3,200	2.0%	$10.77	—	COM	09249N101
—	WESTERN ASSET MANAGED MUNS F	307,786	$3,047	1.9%	$10.25	—	COM	95766M105
—	BLACKROCK MUNIYIELD QUALITY	287,907	$3,020	1.8%	$10.49	—	COM	09254E103
—	TEMPLETON EMERGING MKTS INCO	458,981	$2,754	1.7%	$5.45	—	COM	880192109
—	ALLSPRING INCOME OPPORTUNIT	374,952	$2,647	1.6%	$6.81	—	INC OPPTY FD	94987B105
—	BROOKFIELD REAL ASSETS INCOM	190,901	$2,552	1.6%	$13.53	—	SHS BEN INT	112830104
—	INVESCO MUNICIPAL TRUST	277,387	$2,538	1.5%	$9.60	—	COM	46131J103
—	INVESCO MUN OPPORTUNITY TR	274,345	$2,518	1.5%	$9.91	—	COM	46132C107
—	INVESCO QUALITY MUN INCOME T	254,038	$2,383	1.5%	$9.67	—	COM	46133G107
TBIL	RBB FD INC	46,423	$2,321	1.4%	$50.04	—	US TREAS 3 MNTH	74933W452
FEMB	FIRST TR EXCH TRADED FD III	76,349	$2,205	1.3%	$28.88	—	EME MRK BD ETF	33739P202
—	COHEN & STEERS LTD DURATION	100,280	$2,104	1.3%	$20.61	—	COM	19248C105
—	BLACKROCK CR ALLOCATION INCO	180,294	$1,969	1.2%	$11.23	—	COM	092508100
USHY	ISHARES TR	51,101	$1,917	1.2%	$37.51	—	BROAD USD HIGH	46435U853
CARY	ANGEL OAK FUNDS TRUST	76,616	$1,594	1.0%	$21.15	—	INCOME ETF	03463K760
—	PIMCO DYNAMIC INCOME STRATEG	61,864	$1,525	0.9%	$24.65	—	COM SHS BEN INT	69346N107
—	ALLSPRING MULTI SECTOR INCOM	138,651	$1,310	0.8%	$9.55	—	COM	94987D101
—	NUVEEN AMT FREE MUN CR INC F	107,312	$1,280	0.8%	$12.06	—	COM	67071L106
—	FRANKLIN LTD DURATION INCOME	190,486	$1,223	0.7%	$6.38	—	COM	35472T101
—	BLACKROCK MULTI SECTOR INC T	78,877	$1,152	0.7%	$14.60	—	COM	09258A107
—	FIRST TR INTER DURATN PFD &	55,128	$1,038	0.6%	$16.31	—	COM	33718W103
—	NUVEEN VRIABL RAT PFD & INM	49,086	$946	0.6%	$18.47	—	COM	67080R102
—	PGIM SHORT DUR HIG YLD OPP F	51,876	$874	0.5%	$16.19	—	COM	69355J104
EDV	VANGUARD WORLD FD	11,622	$782	0.5%	$67.30	—	EXTENDED DUR	921910709
—	NUVEEN CA QUALTY MUN INCOME	66,167	$739	0.5%	$11.09	—	COM	67066Y105
—	NUVEEN CALIFORNIA AMT QLT MU	58,710	$691	0.4%	$11.54	—	COM	670651108
—	KKR INCOME OPPORTUNITIES FD	50,500	$634	0.4%	$12.56	—	COM	48249T106
—	BLACKROCK CORE BD TR	55,308	$538	0.3%	$9.72	—	SHS BEN INT	09249E101
—	PIMCO CALIF MUN INCOME FD	55,616	$478	0.3%	$8.59	—	COM	72200N106
AVGO	BROADCOM INC	1,627	$448	0.3%	$182.87	+67.2%	COM	11135F101
IGIB	ISHARES TR	6,841	$365	0.2%	$53.29	—	ISHS 5-10YR INVT	464288638
—	BLACKROCK INCOME TR INC	26,762	$314	0.2%	$11.75	—	COM NEW	09247F209
—	WESTERN ASSET GBL HIGH INC F	44,181	$289	0.2%	$6.93	—	COM	95766B109
—	BLACKROCK MUNIHLDNGS CALI QL	25,176	$261	0.2%	$11.13	—	COM	09254L107
—	BRANDYWINEGBL GBL INCM OPP F	30,205	$251	0.2%	$8.31	—	COM	10537L104
AFRM	AFFIRM HLDGS INC	3,541	$245	0.1%	$51.85	+46.8%	COM CL A	00827B106
MSFT	MICROSOFT CORP	471	$234	0.1%	$432.38	+17.7%	COM	594918104
DCRE	DOUBLELINE ETF TRUST	4,342	$226	0.1%	$51.31	—	COMMERCIAL REAL	25861R303