INTEGRATED CAPITAL MANAGEMENT, INC. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PDBC	INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NOA K-1A ETF	620,943	$10,046	9.9%	$14.29	—	OPTIMUM YIELD	46090F100
SPIB	SPDR PORTFOLIO INTERMEDIATE TERM CORPORATE BOND ETF	320,024	$10,023	9.9%	$33.46	—	PORTFOLIO INTRMD	78464A375
IWD	ISHARES RUSSELL 1000 VALUE ETF	72,115	$9,806	9.7%	$114.83	—	RUS 1000 VAL ETF	464287598
VIG	VANGUARD DIVIDEND APPRECIATION ETF	61,370	$8,294	8.2%	$98.59	—	DIV APP ETF	921908844
SPDW	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	301,177	$7,770	7.7%	$35.45	—	PORTFOLIO DEVLPD	78463X889
EFV	ISHARES MSCI EAFE VALUE ETF	131,030	$5,048	5.0%	$43.59	—	EAFE VALUE ETF	464288877
SPTM	SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF	108,653	$4,792	4.7%	$50.01	—	PORTFOLI S&P1500	78464A805
VMBS	VANGUARD MORTGAGE-BACKED SECS ETF	105,209	$4,743	4.7%	$51.66	—	MTG-BKD SECS ETF	92206C771
JQUA	JPMORGAN U.S. QUALITY FACTOR ETF	120,028	$4,205	4.2%	$25.77	—	US QUALTY FCTR	46641Q761
MFEM	PIMCO RAFI DYNAMIC MULTI-FACTOR EMERGING MARKETS EQUITY ETF	228,242	$3,781	3.7%	$27.16	—	RAFI DYN EMERG	72202L389
EMLC	VANECK JPMORGAN EMLCL CCY BD ETF	163,231	$3,721	3.7%	$30.85	—	JP MRGAN EM LOC	92189H300
SPTI	SPDR PORTFOLIO INTERMEDIATE TERM TREASURY ETF	119,172	$3,352	3.3%	$32.00	—	PORTFLI INTRMDIT	78464A672
VIOV	VANGUARD S&P SMALL-CAP 600 VALUE ETF	22,522	$3,215	3.2%	$107.24	—	SMLCP 600 VAL	921932778
SPTS	SPDR PORTFOLIO SHORT TERM TREASURY ETF	109,140	$3,155	3.1%	$30.64	—	PORTFOLIO SH TSR	78468R101
IWF	ISHARES RUSSELL 1000 GROWTH ETF	10,280	$2,163	2.1%	$134.88	—	RUS 1000 GRW ETF	464287614
RPV	RYDEX ETF TRUST S&P 500 PURE VALUE	30,025	$2,096	2.1%	$51.80	—	S&P500 PUR VAL	46137V258
SPAB	SPDR PORTFOLIO AGGREGATE BOND ETF	81,871	$2,042	2.0%	$29.65	—	PORTFOLIO AGRGTE	78464A649
VTI	VANGUARD TOTAL STK MKT	9,089	$1,631	1.6%	$175.07	—	TOTAL STK MKT	922908769
VEA	VANGUARD FTSE DEVELOPED MARKETS ETF	33,323	$1,211	1.2%	$36.80	—	VAN FTSE DEV MKT	921943858
SPTL	SPDR PORTFOLIO LONG TERM TREASURY ETF	37,944	$1,124	1.1%	$38.97	—	PORTFOLIO LN TSR	78464A664
GOVT	ISHARES US TREASURY BOND ETF	33,066	$752	0.7%	$25.62	—	US TREAS BD ETF	46429B267
—	NUVEEN MUNICIPAL CREDIT INC FD COM SH BEN INT	19,602	$222	0.2%	$12.53	—	COM SH BEN INT	67070X101
MSFT	MICROSOFT	955	$222	0.2%	$209.35	+22.7%	COM	594918104
—	ABRDN TOTAL DYNAMIC DIVIDEND COM SH BEN INT	29,474	$210	0.2%	$7.95	—	COM SH BEN INT	00326L100
—	DOUBLELINE INCOME SOLUTIONS	18,991	$205	0.2%	$14.22	—	COM	258622109
—	INVESCO SENIOR INCOME TRUST	53,875	$200	0.2%	$4.10	—	COM	46131H107
—	ABRDN ASIA-PACIFIC INCOME	73,329	$184	0.2%	$3.74	—	COM	003009107
—	BLACKROCK ENHANCED GLOBAL DIVI COM	20,753	$182	0.2%	$10.27	—	COM	092501105
—	SRH TOTAL RETURN FUND INC COM	16,018	$174	0.2%	$10.02	—	COM	101507101
—	VOYA GLBL EQTY DIV & PREM OPP COM	34,181	$170	0.2%	$5.65	—	COM	92912T100
—	PIMCO HIGH INCOME FD	36,220	$168	0.2%	$6.10	—	COM SHS	722014107
—	HIGHLAND INCOME FD HIGHLAND INCOME	17,229	$167	0.2%	$11.00	—	HIGHLAND INCOME	43010E404
—	NUVEEN SELECT TAX-FREE INCOME SH BEN INT	12,750	$166	0.2%	$14.43	—	SH BEN INT	67062F100
—	SABA CAPITAL INCOME & OPPORTUNITIES FUND	20,973	$165	0.2%	$7.99	—	SHS NEW	78518H202
—	EATON VANCE MUN BD FD COM	16,978	$164	0.2%	$13.13	—	COM	27827X101
—	BLACKROCK MUNIYIELD QUALITY FD COM	15,794	$164	0.2%	$14.53	—	COM	09254E103
—	ALLIANCEBERNSTEIN GLOBAL HIGH COM	18,446	$163	0.2%	$11.01	—	COM	01879R106
—	EATON VANCE SR FLTNG RTE TR COM	14,620	$162	0.2%	$11.08	—	COM	27828Q105
—	BLACKROCK ENHANCED INTL DIV TR COM BENE INTER	36,186	$161	0.2%	$5.00	—	COM BENE INTER	092524107
—	EATON VANCE FLTING RATE INC TR COM	14,205	$161	0.2%	$11.33	—	COM	278279104
—	VIRTUS CONVERTIBLE & INC FD II COM	56,423	$159	0.2%	$3.14	—	COM	92838U108
—	KKR INCOME OPPORTUNITIES FD COM	13,701	$156	0.2%	$11.39	—	COM	48249T106
XMYDX	BLACKROCK MUNIYIELD FD INC COM	15,714	$156	0.2%	$14.52	—	COM	09253W104
—	NUVEEN SR INCOME FD COM	33,225	$155	0.2%	$5.52	—	COM	67067Y104
—	BLACKROCK MUNI INCOME TR II COM	15,531	$155	0.2%	$12.19	—	COM	09249N101
—	BLACKROCK MUN INCOME TR SH BEN INT	16,205	$154	0.2%	$11.99	—	SH BEN INT	09248F109
—	DOUBLELINE OPPORTUNISTIC CR FD COM	10,665	$154	0.2%	$15.54	—	COM	258623107
XMVFX	BLACKROCK MUNIVEST FD INC COM	22,917	$152	0.2%	$8.82	—	COM	09253R105
—	ALLSPRING INCOME OPPORTUNIT INC OPPTY FD	24,570	$152	0.2%	$7.28	—	INC OPPTY FD	94987B105
—	VIRTUS CONVERTIBLE & INCOME FD COM	47,512	$152	0.2%	$3.20	—	COM	92838X102
—	WESTERN ASSET HIGH INCOME OPP	40,999	$150	0.1%	$4.91	—	COM	95766K109
—	CREDIT SUISSE HIGH YIELD BD FD SH BEN INT	85,476	$150	0.1%	$2.26	—	SH BEN INT	22544F103
—	EV MUNICIPAL INCOME	15,371	$150	0.1%	$13.57	—	SH BEN INT	27826U108
—	BNY MELLON STRATEGIC MUNS INC COM	24,535	$149	0.1%	$7.16	—	COM	05588W108
XPHTX	PIONEER HIGH INCOME FUND INC COM	22,974	$148	0.1%	$7.95	—	COM	72369H106
—	WESTERN ASSET MANAGED MUNS FD COM	15,209	$147	0.1%	$11.59	—	COM	95766M105
—	BNY MELLON HIGH YIELD STRATEGI SH BEN INT	69,859	$147	0.1%	$2.72	—	SH BEN INT	09660L105
—	DWS MUNICIPAL INCOME	17,576	$146	0.1%	$11.51	—	COM	233368109
—	BARINGS GLOBAL SHORT DURATION HIGH YIELD	12,008	$146	0.1%	$15.33	—	COM	06760L100
—	WESTERN ASSET MTG DEFINED OPPO COM	13,180	$146	0.1%	$15.16	—	COM	95790B109
—	PIMCO MUN INCOME FD COM	14,755	$143	0.1%	$11.50	—	COM	72200R107
—	GDL FUND	18,151	$143	0.1%	$8.33	—	COM SH BEN IT	361570104
—	BNY MELLON STRATEGIC MUN BD FD COM	24,960	$141	0.1%	$7.51	—	COM	09662E109
XPMAX	PIONEER MUNICIPAL HIGH INCOME COM	18,736	$141	0.1%	$11.46	—	COM	723762100
—	INVESCO HIGH INCOME TR II COM	13,725	$134	0.1%	$13.78	—	COM	46131F101
—	MORGAN STANLEY EMKT DBT FD INC COM	21,602	$133	0.1%	$8.56	—	COM	61744H105
—	WESTERN ASSET INTERMEDIATE MUN	18,227	$133	0.1%	$8.93	—	COM	958435109
—	TEMPLETON EMERGING MKTS FD COM	12,846	$133	0.1%	$16.21	—	COM	880191101
—	JAPAN SMALLER CAPITALIZATION F COM	22,653	$132	0.1%	$7.65	—	COM	47109U104
—	ABRDN GLOBAL DYNAMIC DIVIDEND COM	15,676	$132	0.1%	$8.61	—	COM	00302M106
—	BLACKROCK MUNIHOLDINGS FD INC COM	11,624	$130	0.1%	$16.08	—	COM	09253N104
—	MFS MUN INCOME TR SH BEN INT	26,941	$130	0.1%	$6.75	—	SH BEN INT	552738106
XMHIX	PIONEER MUNICIPAL HIGH INCOME COM SHS	15,936	$130	0.1%	$12.05	—	COM SHS	723763108
—	DWS STRATEGIC MUNI INCOME	16,364	$129	0.1%	$11.41	—	COM	23342Q101