Measured Risk Portfolios, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GBIL	GOLDMAN SACHS ETF TR	32,811 (+317.5%)	$3,279 (+316.3%)	3.3%	$99.96	—	ACCES TREASURY	381430529
AAPL	APPLE INC	14,507 (+17.1%)	$3,944 (+25.0%)	3.9%	$238.82	+12.4%	COM	037833100
UPS	UNITED PARCEL SERVICE INC	24,705 (+5.2%)	$2,450 (+24.9%)	2.4%	$115.56	-19.7%	CL B	911312106
KMB	KIMBERLY-CLARK CORP	17,220 (+3.3%)	$1,737 (-16.2%)	1.7%	$129.09	-16.0%	COM	494368103
XHLF	BONDBLOXX ETF TRUST	103,216 (+6.9%)	$5,187 (+6.6%)	5.1%	$50.32	—	BLOOMBERG SIX MN	09789C788
SNTH	TIDAL TRUST III	23,384 (+88.0%)	$647 (+71.5%)	0.6%	$29.11	—	MRP SYNTHEQUITY	45259A548
CLX	CLOROX CO DEL	13,844 (+4.0%)	$1,396 (-15.0%)	1.4%	$151.63	-28.6%	COM	189054109
VZ	VERIZON COMMUNICATIONS INC	56,378 (+2.7%)	$2,296 (-4.8%)	2.3%	$39.48	+2.6%	COM	92343V104
GOOGL	ALPHABET INC	1,560 (+1.6%)	$488 (+30.8%)	0.5%	$210.37	+35.8%	CAP STK CL A	02079K305
BIZD	VANECK ETF TRUST	157,585 (+10.8%)	$2,235 (+5.2%)	2.2%	$16.38	—	BDC INCOME ETF	92189F411
AMGN	AMGEN INC	1,039 (+14.1%)	$340 (+32.3%)	0.3%	$289.73	+9.1%	COM	031162100
MSFT	MICROSOFT CORP	1,031 (+20.0%)	$499 (+12.1%)	0.5%	$435.58	+14.9%	COM	594918104
TXN	TEXAS INSTRS INC	8,503 (+9.2%)	$1,475 (+3.1%)	1.5%	$190.88	-10.6%	COM	882508104
XLP	SELECT SECTOR SPDR TR	8,993 (+5.5%)	$699 (+4.6%)	0.7%	$78.55	—	STATE STREET CON	81369Y308
TSLA	TESLA INC	1,936 (+1.8%)	$871 (+2.9%)	0.9%	$324.84	+36.5%	COM	88160R101
XLK	SELECT SECTOR SPDR TR	2,714 (+89.4%)	$391 (-3.3%)	0.4%	$190.90	—	STATE STREET TEC	81369Y803
HD	HOME DEPOT INC	839 (+22.5%)	$289 (+4.0%)	0.3%	$391.27	-6.8%	COM	437076102
SPYM	SPDR SERIES TRUST	2,787 (+2.4%)	$224 (+4.8%)	0.2%	$78.38	—	STATE STREET SPD	78464A854
XLU	SELECT SECTOR SPDR TR	8,091 (+99.9%)	$345 (-2.2%)	0.3%	$59.20	—	STATE STREET UTI	81369Y886
XLE	SELECT SECTOR SPDR TR	9,620 (+102.5%)	$430 (+1.4%)	0.4%	$65.06	—	STATE STREET ENE	81369Y506

Exited Positions (5)

COST COSTCO WHSL CORP NEW 0.2%

Value ($000) $244 Shares 263 Est. Cost $956.70 Unrealized -5.3%

PAYX PAYCHEX INC 0.2%

Value ($000) $205 Shares 1,618 Est. Cost $137.31 Unrealized -15.1%

ALL ALLSTATE CORP 0.2%

Value ($000) $203 Shares 945 Est. Cost $200.20 Unrealized +1.9%

— ISHARES TR 0.1%

Value ($000) $112 Shares 1,200 Est. Cost — Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 0.0%

Value ($000) $37 Shares 226 Est. Cost $158.04 Unrealized -9.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COST	COSTCO WHSL CORP NEW	263	$244	0.2%	$956.70	-5.3%	—	22160K105
PAYX	PAYCHEX INC	1,618	$205	0.2%	$137.31	-15.1%	—	704326107
ALL	ALLSTATE CORP	945	$203	0.2%	$200.20	+1.9%	—	020002101
—	ISHARES TR	1,200	$112	0.1%	—	—	CALL	464287901
LYV	LIVE NATION ENTERTAINMENT IN	226	$37	0.0%	$158.04	-9.1%	—	538034109

Decreased Positions (23)

TFLO ISHARES TR 1.1%

Value ($000) $1,060 (-68.9%) Shares 20,998 (-68.9%) Est. Cost $50.53 Unrealized —

LYB LYONDELLBASELL INDUSTRIES N 0.7%

Value ($000) $695 (-67.0%) Shares 16,053 (-62.6%) Est. Cost $70.75 Unrealized -37.2%

FLO FLOWERS FOODS INC 0.4%

Value ($000) $416 (-71.4%) Shares 38,236 (-65.7%) Est. Cost $19.13 Unrealized -40.2%

— SPDR S&P 500 ETF TR 13.3%

Value ($000) $13,431 (-5.1%) Shares 666,400 (-4.4%) Est. Cost — Unrealized —

MO ALTRIA GROUP INC 1.9%

Value ($000) $1,872 (-21.2%) Shares 32,473 (-9.8%) Est. Cost $48.82 Unrealized +21.6%

ABBV ABBVIE INC 2.2%

Value ($000) $2,184 (-16.2%) Shares 9,559 (-15.1%) Est. Cost $178.00 Unrealized +27.8%

CWEN CLEARWAY ENERGY INC 2.6%

Value ($000) $2,591 (+15.8%) Shares 77,895 (-1.7%) Est. Cost $25.85 Unrealized +27.7%

VLO VALERO ENERGY CORP 1.6%

Value ($000) $1,625 (-17.5%) Shares 9,984 (-13.8%) Est. Cost $129.14 Unrealized +30.7%

DOC HEALTHPEAK PROPERTIES INC 1.5%

Value ($000) $1,513 (-17.0%) Shares 94,090 (-1.2%) Est. Cost $19.80 Unrealized -11.8%

DUK DUKE ENERGY CORP NEW 2.2%

Value ($000) $2,205 (-11.8%) Shares 18,815 (-6.9%) Est. Cost $108.79 Unrealized +11.7%

O REALTY INCOME CORP 2.2%

Value ($000) $2,245 (-10.2%) Shares 39,825 (-3.2%) Est. Cost $54.46 Unrealized +5.3%

KHC KRAFT HEINZ CO 1.7%

Value ($000) $1,759 (-7.9%) Shares 72,549 (-1.1%) Est. Cost $29.98 Unrealized -17.8%

AEP AMERICAN ELEC PWR CO INC 2.0%

Value ($000) $2,056 (-5.5%) Shares 17,828 (-7.8%) Est. Cost $93.11 Unrealized +26.4%

APAM ARTISAN PARTNERS ASSET MGMT 1.4%

Value ($000) $1,427 (-7.1%) Shares 35,038 (-1.1%) Est. Cost $40.09 Unrealized +1.5%

PFXF VANECK ETF TRUST 2.3%

Value ($000) $2,345 (-3.3%) Shares 132,806 (-2.7%) Est. Cost $17.23 Unrealized —

JNJ JOHNSON & JOHNSON 1.4%

Value ($000) $1,418 (-5.0%) Shares 6,852 (-14.9%) Est. Cost $149.63 Unrealized +31.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.8%

Value ($000) $1,844 (-2.9%) Shares 3,668 (-2.9%) Est. Cost $461.73 Unrealized +7.8%

SPY SPDR S&P 500 ETF TR 1.3%

Value ($000) $1,284 (-4.0%) Shares 1,883 (-6.2%) Est. Cost $594.14 Unrealized —

XONE BONDBLOXX ETF TRUST 0.2%

Value ($000) $224 (-17.4%) Shares 4,515 (-17.2%) Est. Cost $49.59 Unrealized —

PSX PHILLIPS 66 0.4%

Value ($000) $399 (-8.8%) Shares 3,090 (-3.9%) Est. Cost $122.03 Unrealized +9.8%

META META PLATFORMS INC 0.2%

Value ($000) $233 (-11.1%) Shares 353 (-1.1%) Est. Cost $623.35 Unrealized +7.1%

AMZN AMAZON COM INC 0.3%

Value ($000) $269 (-7.6%) Shares 1,166 (-12.1%) Est. Cost $204.84 Unrealized +11.7%

XLV SELECT SECTOR SPDR TR 0.4%

Value ($000) $371 (+4.6%) Shares 2,395 (-6.0%) Est. Cost $137.79 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TFLO	ISHARES TR	20,998 (-68.9%)	$1,060 (-68.9%)	1.1%	$50.53	—	TRS FLT RT BD	46434V860
LYB	LYONDELLBASELL INDUSTRIES N	16,053 (-62.6%)	$695 (-67.0%)	0.7%	$70.75	-37.2%	SHS - A -	N53745100
FLO	FLOWERS FOODS INC	38,236 (-65.7%)	$416 (-71.4%)	0.4%	$19.13	-40.2%	COM	343498101
—	SPDR S&P 500 ETF TR	666,400 (-4.4%)	$13,431 (-5.1%)	13.3%	—	—	CALL	78462F903
MO	ALTRIA GROUP INC	32,473 (-9.8%)	$1,872 (-21.2%)	1.9%	$48.82	+21.6%	COM	02209S103
ABBV	ABBVIE INC	9,559 (-15.1%)	$2,184 (-16.2%)	2.2%	$178.00	+27.8%	COM	00287Y109
CWEN	CLEARWAY ENERGY INC	77,895 (-1.7%)	$2,591 (+15.8%)	2.6%	$25.85	+27.7%	CL C	18539C204
VLO	VALERO ENERGY CORP	9,984 (-13.8%)	$1,625 (-17.5%)	1.6%	$129.14	+30.7%	COM	91913Y100
DOC	HEALTHPEAK PROPERTIES INC	94,090 (-1.2%)	$1,513 (-17.0%)	1.5%	$19.80	-11.8%	COM	42250P103
DUK	DUKE ENERGY CORP NEW	18,815 (-6.9%)	$2,205 (-11.8%)	2.2%	$108.79	+11.7%	COM NEW	26441C204
O	REALTY INCOME CORP	39,825 (-3.2%)	$2,245 (-10.2%)	2.2%	$54.46	+5.3%	COM	756109104
KHC	KRAFT HEINZ CO	72,549 (-1.1%)	$1,759 (-7.9%)	1.7%	$29.98	-17.8%	COM	500754106
AEP	AMERICAN ELEC PWR CO INC	17,828 (-7.8%)	$2,056 (-5.5%)	2.0%	$93.11	+26.4%	COM	025537101
APAM	ARTISAN PARTNERS ASSET MGMT	35,038 (-1.1%)	$1,427 (-7.1%)	1.4%	$40.09	+1.5%	CL A	04316A108
PFXF	VANECK ETF TRUST	132,806 (-2.7%)	$2,345 (-3.3%)	2.3%	$17.23	—	PREFERRED SECURT	92189F429
JNJ	JOHNSON & JOHNSON	6,852 (-14.9%)	$1,418 (-5.0%)	1.4%	$149.63	+31.7%	COM	478160104
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,668 (-2.9%)	$1,844 (-2.9%)	1.8%	$461.73	+7.8%	CL B NEW	084670702
SPY	SPDR S&P 500 ETF TR	1,883 (-6.2%)	$1,284 (-4.0%)	1.3%	$594.14	—	TR UNIT	78462F103
XONE	BONDBLOXX ETF TRUST	4,515 (-17.2%)	$224 (-17.4%)	0.2%	$49.59	—	BLOOMBERG ONE YR	09789C861
PSX	PHILLIPS 66	3,090 (-3.9%)	$399 (-8.8%)	0.4%	$122.03	+9.8%	COM	718546104
META	META PLATFORMS INC	353 (-1.1%)	$233 (-11.1%)	0.2%	$623.35	+7.1%	CL A	30303M102
AMZN	AMAZON COM INC	1,166 (-12.1%)	$269 (-7.6%)	0.3%	$204.84	+11.7%	COM	023135106
XLV	SELECT SECTOR SPDR TR	2,395 (-6.0%)	$371 (+4.6%)	0.4%	$137.79	—	STATE STREET HEA	81369Y209

Unchanged Positions (18)

SFM SPROUTS FMRS MKT INC 4.0%

Value ($000) $4,056 Shares 50,907 Est. Cost $132.91 Unrealized -32.5%

CUBE CUBESMART 2.0%

Value ($000) $2,054 Shares 56,966 Est. Cost $40.66 Unrealized —

DLR DIGITAL RLTY TR INC 2.2%

Value ($000) $2,211 Shares 14,294 Est. Cost $171.20 Unrealized -4.7%

GIS GENERAL MLS INC 1.7%

Value ($000) $1,696 Shares 36,478 Est. Cost $61.18 Unrealized -22.4%

PG PROCTER AND GAMBLE CO 1.2%

Value ($000) $1,164 Shares 8,124 Est. Cost $165.07 Unrealized -10.8%

KO COCA COLA CO 1.8%

Value ($000) $1,829 Shares 26,166 Est. Cost $63.17 Unrealized +9.8%

KMI KINDER MORGAN INC DEL 2.3%

Value ($000) $2,367 Shares 86,119 Est. Cost $24.88 Unrealized +8.2%

CVX CHEVRON CORP NEW 1.7%

Value ($000) $1,744 Shares 11,440 Est. Cost $145.31 Unrealized +4.2%

EFA ISHARES TR 0.7%

Value ($000) $677 Shares 7,052 Est. Cost $75.61 Unrealized —

PM PHILIP MORRIS INTL INC 2.3%

Value ($000) $2,294 Shares 14,300 Est. Cost $121.27 Unrealized +26.6%

QCOM QUALCOMM INC 1.0%

Value ($000) $965 Shares 5,641 Est. Cost $159.47 Unrealized +7.1%

NVDA NVIDIA CORPORATION 2.1%

Value ($000) $2,083 Shares 11,169 Est. Cost $140.70 Unrealized +32.3%

— INVESCO QQQ TR 0.7%

Value ($000) $676 Shares 1,100 Est. Cost — Unrealized —

XVV ISHARES TR 0.5%

Value ($000) $477 Shares 9,056 Est. Cost $45.30 Unrealized —

IWM ISHARES TR 0.6%

Value ($000) $558 Shares 2,266 Est. Cost $221.79 Unrealized —

CME CME GROUP INC 2.1%

Value ($000) $2,070 Shares 7,581 Est. Cost $242.42 Unrealized +11.7%

QQQ INVESCO QQQ TR 0.3%

Value ($000) $335 Shares 546 Est. Cost $511.24 Unrealized —

MDY SPDR S&P MIDCAP 400 ETF TR 0.4%

Value ($000) $433 Shares 717 Est. Cost $569.50 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SFM	SPROUTS FMRS MKT INC	50,907	$4,056	4.0%	$132.91	-32.5%	COM	85208M102
CUBE	CUBESMART	56,966	$2,054	2.0%	$40.66	—	COM	229663109
DLR	DIGITAL RLTY TR INC	14,294	$2,211	2.2%	$171.20	-4.7%	COM	253868103
GIS	GENERAL MLS INC	36,478	$1,696	1.7%	$61.18	-22.4%	COM	370334104
PG	PROCTER AND GAMBLE CO	8,124	$1,164	1.2%	$165.07	-10.8%	COM	742718109
KO	COCA COLA CO	26,166	$1,829	1.8%	$63.17	+9.8%	COM	191216100
KMI	KINDER MORGAN INC DEL	86,119	$2,367	2.3%	$24.88	+8.2%	COM	49456B101
CVX	CHEVRON CORP NEW	11,440	$1,744	1.7%	$145.31	+4.2%	COM	166764100
EFA	ISHARES TR	7,052	$677	0.7%	$75.61	—	MSCI EAFE ETF	464287465
PM	PHILIP MORRIS INTL INC	14,300	$2,294	2.3%	$121.27	+26.6%	COM	718172109
QCOM	QUALCOMM INC	5,641	$965	1.0%	$159.47	+7.1%	COM	747525103
NVDA	NVIDIA CORPORATION	11,169	$2,083	2.1%	$140.70	+32.3%	COM	67066G104
—	INVESCO QQQ TR	1,100	$676	0.7%	—	—	CALL	46090E903
XVV	ISHARES TR	9,056	$477	0.5%	$45.30	—	ESG SELECT SCRE	46436E569
IWM	ISHARES TR	2,266	$558	0.6%	$221.79	—	RUSSELL 2000 ETF	464287655
CME	CME GROUP INC	7,581	$2,070	2.1%	$242.42	+11.7%	COM	12572Q105
QQQ	INVESCO QQQ TR	546	$335	0.3%	$511.24	—	UNIT SER 1	46090E103
MDY	SPDR S&P MIDCAP 400 ETF TR	717	$433	0.4%	$569.50	—	UTSER1 S&PDCRP	78467Y107