INTEGRATED CAPITAL MANAGEMENT, INC. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWD	ISHARES RUSSELL 1000 VALUE ETF	73,701	$12,233	10.1%	$114.83	—	RUS 1000 VAL ETF	464287598
PDBC	INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NOA K-1A ETF	676,763	$11,938	9.8%	$14.29	—	OPTIMUM YIELD	46090F100
SPIB	SPDR PORTFOLIO INTERMEDIATE TERM CORPORATE BOND ETF	337,843	$11,537	9.5%	$33.46	—	PORTFOLIO INTRMD	78464A375
SPDW	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	302,020	$10,353	8.5%	$35.45	—	PORTFOLIO DEVLPD	78463X889
VIG	VANGUARD DIVIDEND APPRECIATION ETF	62,918	$10,203	8.4%	$98.59	—	DIV APP ETF	921908844
EFV	ISHARES MSCI EAFE VALUE ETF	118,787	$5,970	4.9%	$43.87	—	EAFE VALUE ETF	464288877
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES ETF	110,812	$5,552	4.6%	$51.66	—	MTG-BKD SECS ETF	92206C771
SPTM	SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF	97,563	$5,423	4.5%	$50.47	—	PORTFOLI S&P1500	78464A805
JQUA	JPMORGAN U.S. QUALITY FACTOR ETF	122,649	$5,259	4.3%	$25.77	—	US QUALTY FCTR	46641Q761
MFEM	PIMCO RAFI DYNAMIC MULTI-FACTOR EMERGING MARKETS EQUITY ETF	228,398	$4,797	3.9%	$27.30	—	RAFI DYN EMERG	72202L389
EMLC	VANECK J.P. MORGAN EM LOCAL CURRENCY BOND ETF	154,304	$4,165	3.4%	$31.27	—	JP MRGAN EM LOC	92189H300
VIOV	VANGUARD S&P SMALL-CAP 600 VALUE ETF	23,136	$4,100	3.4%	$107.24	—	SMLCP 600 VAL	921932778
SPTI	SPDR PORTFOLIO INTERMEDIATE TERM TREASURY ETF	126,109	$3,820	3.1%	$32.00	—	PORTFLI INTRMDIT	78464A672
SPTS	SPDR PORTFOLIO SHORT TERM TREASURY ETF	116,585	$3,457	2.8%	$30.64	—	PORTFOLIO SH TSR	78468R101
SPAB	SPDR PORTFOLIO AGGREGATE BOND ETF	104,068	$2,892	2.4%	$29.75	—	PORTFOLIO AGRGTE	78464A649
IWF	ISHARES RUSSELL 1000 GROWTH ETF	10,390	$2,885	2.4%	$134.88	—	RUS 1000 GRW ETF	464287614
RPV	RYDEX ETF TRUST S&P 500 PURE VALUE	31,238	$2,676	2.2%	$51.80	—	S&P500 PUR VAL	46137V258
VTI	VANGUARD TOTAL STK MKT	9,346	$2,128	1.7%	$175.07	—	TOTAL STK MKT	922908769
VEA	VANGUARD FTSE DEVELOPED MARKETS ETF	33,603	$1,614	1.3%	$36.80	—	FTSE DEV MKT ETF	921943858
SPTL	SPDR PORTFOLIO LONG TERM TREASURY ETF	39,191	$1,482	1.2%	$38.97	—	PORTFOLIO LN TSR	78464A664
GOVT	ISHARES U.S. TREASURY BOND ETF	25,356	$632	0.5%	$26.23	—	US TREAS BD ETF	46429B267
MSFT	MICROSOFT	900	$277	0.2%	$206.04	+41.4%	COM	594918104
—	DOUBLELINE INCOME SOLUTIONS FD COM	16,643	$242	0.2%	$14.54	—	COM	258622109
—	ABERDEEN TOTAL DYNAMIC DIVD FD COM SH BEN INT	23,046	$221	0.2%	$8.02	—	COM SH BEN INT	00326L100
—	HIGHLAND INCOME FD HIGHLAND INCOME	17,734	$212	0.2%	$11.00	—	HIGHLAND INCOME	43010E404
—	NUVEEN DOW 30 DYNMC OVERWRT FD SHS	12,183	$206	0.2%	$16.99	—	SHS	67075F105
—	SRH TOTAL RETURN FUND INC COM	13,895	$206	0.2%	$9.77	—	COM	101507101
SPYV	SPDR PORTFOLIO S&P 500 VALUE ETF	4,854	$203	0.2%	$41.97	—	PRTFLO S&P500 VL	78464A508
—	INVESCO SR INCOME TR COM	47,578	$203	0.2%	$4.13	—	COM	46131H107
—	ABERDEEN ASIA-PACIFIC INCOME F COM	58,675	$198	0.2%	$4.00	—	COM	003009107
—	VOYA GLBL EQTY DIV & PREM OPP COM	33,608	$197	0.2%	$5.65	—	COM	92912T100
—	BLACKROCK ENHANCED GLOBAL DIVI COM	17,313	$196	0.2%	$10.47	—	COM	092501105
—	PIMCO HIGH INCOME FD	33,560	$194	0.2%	$6.18	—	COM SHS	722014107
—	ALLIANCEBERNSTEIN GLOBAL HIGH COM	16,688	$187	0.2%	$11.15	—	COM	01879R106
—	NUVEEN SR INCOME FD COM	32,509	$185	0.2%	$5.54	—	COM	67067Y104
—	EATON VANCE MUN BD FD COM	16,034	$184	0.2%	$13.29	—	COM	27827X101
—	BLACKROCK MUNIYIELD QUALITY FD COM	14,423	$182	0.1%	$14.82	—	COM	09254E103
—	SABA CAPITAL INCOME & OPRNT FD SHARES	40,202	$182	0.1%	$4.65	—	SHARES	78518H103
—	ALLSPRING INCOME OPPORTUNIT INC OPPTY FD	22,387	$178	0.1%	$7.34	—	INC OPPTY FD	94987B105
XMYDX	BLACKROCK MUNIYIELD FD INC COM	14,065	$178	0.1%	$14.90	—	COM	09253W104
—	NUVEEN SELECT TAX-FREE INCOME SH BEN INT	12,233	$177	0.1%	$14.47	—	SH BEN INT	67062F100
—	EATON VANCE MUNI INCOME TRUST SH BEN INT	14,772	$175	0.1%	$13.77	—	SH BEN INT	27826U108
—	BNY MELLON HIGH YIELD STRATEGI SH BEN INT	62,656	$174	0.1%	$2.78	—	SH BEN INT	09660L105
—	BLACKROCK MUNI INCOME TR II COM	14,067	$173	0.1%	$12.30	—	COM	09249N101
XMVFX	BLACKROCK MUNIVEST FD INC COM	20,938	$172	0.1%	$8.98	—	COM	09253R105
—	BARINGS GLOBAL SHORT DURATION COM	10,988	$171	0.1%	$15.56	—	COM	06760L100
—	BNY MELLON STRATEGIC MUNS INC COM	23,770	$171	0.1%	$7.19	—	COM	05588W108
—	WESTERN ASSET MANAGED MUNS FD COM	14,694	$171	0.1%	$11.64	—	COM	95766M105
—	CREDIT SUISSE HIGH YIELD BD FD SH BEN INT	77,614	$169	0.1%	$2.29	—	SH BEN INT	22544F103
—	DWS MUN INCOME TR COM	16,134	$168	0.1%	$11.70	—	COM	233368109
—	BNY MELLON STRATEGIC MUN BD FD COM	23,548	$166	0.1%	$7.60	—	COM	09662E109
—	NUVEEN ENHANCED MUN VALUE FD COM	12,692	$166	0.1%	$13.08	—	COM	67074M101
—	WESTERN ASSET HIGH INCOME OPPO COM	37,228	$166	0.1%	$5.01	—	COM	95766K109
—	BLACKROCK MUN INCOME TR SH BEN INT	13,482	$165	0.1%	$12.24	—	SH BEN INT	09248F109
XPHTX	PIONEER HIGH INCOME FUND INC COM	20,248	$164	0.1%	$8.10	—	COM	72369H106
—	GDL FD COM SH BEN IT	19,033	$164	0.1%	$8.33	—	COM SH BEN IT	361570104
XPMAX	PIONEER MUNICIPAL HIGH INCOME COM	16,651	$164	0.1%	$11.82	—	COM	723762100
—	ABERDEEN GLOBAL DYNAMIC DIVID COM	14,332	$161	0.1%	$8.57	—	COM	00302M106
—	WESTERN ASSET MTG DEFINED OPPO COM	11,924	$159	0.1%	$15.54	—	COM	95790B109
—	TEMPLETON EMERGING MKTS FD COM	11,555	$159	0.1%	$16.82	—	COM	880191101
—	INVESCO HIGH INCOME TR II COM	12,524	$155	0.1%	$14.08	—	COM	46131F101
—	MORGAN STANLEY EMKT DBT FD INC COM	19,850	$154	0.1%	$8.75	—	COM	61744H105
—	DWS STRATEGIC MUN INCOME TR NE COM	14,792	$153	0.1%	$11.64	—	COM	23342Q101
—	BLACKROCK MUNIHOLDINGS FD INC COM	10,701	$153	0.1%	$16.37	—	COM	09253N104
—	WESTERN ASSET INTER MUNI FD IN COM	17,660	$152	0.1%	$8.97	—	COM	958435109
—	MFS MUN INCOME TR SH BEN INT	24,796	$152	0.1%	$6.88	—	SH BEN INT	552738106
—	NUVEEN AMT-FREE MUN VALUE FD COM	10,280	$152	0.1%	$16.93	—	COM	670695105
XMHIX	PIONEER MUNICIPAL HIGH INCOME COM SHS	14,332	$150	0.1%	$12.37	—	COM SHS	723763108
—	JAPAN SMALLER CAPITALIZATION F COM	20,865	$149	0.1%	$7.78	—	COM	47109U104