Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	46,294	$26.3M	15.4%	$487.39	—	S&P 500 ETF SHS	922908363
VEA	VANGUARD TAX-MANAGED FDS	315,371	$17.98M	10.5%	$49.87	—	VAN FTSE DEV MKT	921943858
QQQ	INVESCO QQQ TR	27,169	$14.99M	8.8%	$476.52	—	UNIT SER 1	46090E103
VWO	VANGUARD INTL EQUITY INDEX F	149,297	$7.384M	4.3%	$43.78	—	FTSE EMR MKT ETF	922042858
VB	VANGUARD INDEX FDS	31,013	$7.349M	4.3%	$219.75	—	SMALL CP ETF	922908751
—	BLACKROCK MUNIHOLDINGS FD IN	606,318	$6.791M	4.0%	$11.37	—	COM	09253N104
—	BLACKROCK MUNIYILD QULT FD I	443,717	$4.93M	2.9%	$11.11	—	COM	09254F100
—	MORGAN STANLEY EMERGING MKTS	958,773	$4.909M	2.9%	$4.91	—	COM	617477104
—	BLACKROCK MUNIYIELD QUALITY	461,043	$4.836M	2.8%	$10.49	—	COM	09254E103
—	NEUBERGER MUN FD INC	462,461	$4.546M	2.7%	$9.83	—	COM	64124P101
—	ALLIANCEBERNSTEIN NATL MUN I	420,224	$4.333M	2.5%	$10.31	—	COM	01864U106
—	BLACKROCK CR ALLOCATION	367,912	$4.018M	2.4%	$11.04	—	COM	092508100
—	ABRDN ASIA PACIFIC INCOME FU	240,034	$3.821M	2.2%	$15.92	—	COM NEW	003009867
—	WESTERN ASSET MANAGED MUNS F	344,641	$3.412M	2.0%	$10.21	—	COM	95766M105
—	BROOKFIELD REAL ASSETS INCOM	253,193	$3.385M	2.0%	$13.49	—	SHS BEN INT	112830104
—	TEMPLETON EMERGING MKTS INCO	551,585	$3.31M	1.9%	$5.54	—	COM	880192109
—	BLACKROCK CORPOR HI YLD FD I	307,199	$2.995M	1.8%	$9.75	—	COM	09255P107
—	WESTERN ASSET EMERGING MKTS	286,804	$2.882M	1.7%	$9.46	—	COM	95766A101
—	COHEN & STEERS LTD DURATION	132,703	$2.784M	1.6%	$20.70	—	COM	19248C105
—	WESTERN ASSET HIGH INCOME OP	691,641	$2.753M	1.6%	$3.98	—	COM	95766K109
—	DOUBLELINE YIELD OPPORTUNITI	168,388	$2.625M	1.5%	$15.59	—	COM	25862D105
—	EATON VANCE MUN BD FD	256,760	$2.483M	1.5%	$9.67	—	COM	27827X101
—	KKR INCOME OPPORTUNITIES FD	180,612	$2.268M	1.3%	$12.56	—	COM	48249T106
—	PIMCO DYNAMIC INCOME STRATEG	90,004	$2.219M	1.3%	$24.65	—	COM SHS BEN INT	69346N107
—	BLACKROCK MULTI SECTOR INC T	147,763	$2.157M	1.3%	$14.60	—	COM	09258A107
—	MORGAN STANLEY EMKT DBT FD I	270,627	$2.092M	1.2%	$7.73	—	COM	61744H105
CARY	ANGEL OAK FUNDS TRUST	99,674	$2.073M	1.2%	$21.07	—	INCOME ETF	03463K760
EDV	VANGUARD WORLD FD	30,354	$2.043M	1.2%	$67.30	—	EXTENDED DUR	921910709
—	BLACKROCK MUNIHLDNGS CALI	183,505	$1.899M	1.1%	$10.46	—	COM	09254L107
—	BLACKROCK INCOME TR INC	159,882	$1.879M	1.1%	$11.75	—	COM NEW	09247F209
—	ALLSPRING MULTI SECTOR INCOM	183,467	$1.734M	1.0%	$9.52	—	COM	94987D101
—	FIRST TR INTER DURATN PFD &	91,917	$1.73M	1.0%	$17.31	—	COM	33718W103
—	COHEN & STEERS TAX ADVAN PFD	65,472	$1.296M	0.8%	$19.80	—	COM	19249X108
—	BLACKROCK TAX MUNICPAL BD TR	76,836	$1.238M	0.7%	$16.11	—	SHS	09248X100
—	BRANDYWINEGBL GBL INCM OPP F	114,312	$950K	0.6%	$8.31	—	COM	10537L104
—	DOUBLELINE INCOME SOLUTIONS	76,095	$931K	0.5%	$12.24	—	COM	258622109
—	INVESCO MUNICIPAL TRUST	96,145	$880K	0.5%	$9.58	—	COM	46131J103
FEMB	FIRST TR EXCH TRADED FD III	26,688	$771K	0.5%	$28.88	—	EME MRK BD ETF	33739P202
EMHY	ISHARES INC	19,699	$768K	0.5%	$38.97	—	JP MRGN EM HI BD	464286285
—	NUVEEN CA DIVI ADV MUN	66,281	$740K	0.4%	$11.09	—	COM	67066Y105
—	NUVEEN CALIF AMT FREE MUNI I	58,827	$692K	0.4%	$11.54	—	COM	670651108
—	BLACKROCK CORE BD TR	55,308	$538K	0.3%	$9.72	—	SHS BEN INT	09249E101
—	PIMCO CALIF MUN INCOME FD	55,652	$478K	0.3%	$8.59	—	COM	72200N106
AVGO	BROADCOM INC	1,627	$448K	0.3%	$182.87	+82.7%	COM	11135F101
HYEM	VANECK ETF TRUST	20,490	$406K	0.2%	$19.83	—	EMERGING MRKT HI	92189F353
—	ALLSPRING INCOME OPPORTUNIT	55,900	$395K	0.2%	$6.81	—	INC OPPTY FD	94987B105
AFRM	AFFIRM HLDGS INC	3,541	$245K	0.1%	$51.85	+24.8%	COM CL A	00827B106
MSFT	MICROSOFT CORP	471	$234K	0.1%	$432.38	+0.5%	COM	594918104
DCRE	DOUBLELINE ETF TRUST	4,324	$225K	0.1%	$51.39	—	COMMERCIAL REAL	25861R303
USHY	ISHARES TR	5,535	$208K	0.1%	$37.51	—	BROAD USD HIGH	46435U853
—	NYLI MACKAY DEFINEDTERM MUNI	10,767	$159K	0.1%	$14.79	—	COM	56064K100
—	TCW STRATEGIC INCOME FD INC	15,286	$74,596	0.0%	$4.88	—	COM	872340104