Lunt Capital Management, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
USFR	WISDOMTREE TR	1,034,991	$52,081	27.5%	$50.32	—	FLOATNG RAT TREA	97717Y527
TPL	TEXAS PACIFIC LAND CORPORATI	6,245	$11,388	6.0%	$155.33	+17.9%	COM	88262P102
PALC	PACER FDS TR	244,020	$9,004	4.7%	$38.17	—	LUNT LRGCP MULTI	69374H816
TFLO	ISHARES TR	161,075	$8,173	4.3%	$50.67	—	TRS FLT RT BD	46434V860
FCTR	FIRST TR EXCHANGE-TRADED FD	296,151	$7,295	3.8%	$26.19	—	LUNT US FACTOR	33733E872
PAMC	PACER FDS TR	190,002	$6,557	3.5%	$35.43	—	LUNT MDCAP MLT	69374H725
FTSM	FIRST TR EXCHANGE-TRADED FD	104,141	$6,188	3.3%	$59.41	—	FIRST TR ENH NEW	33739Q408
ALTL	PACER FDS TR	173,222	$5,967	3.1%	$37.43	—	LUNT LRG CP ALTR	69374H717
LMBS	FIRST TR EXCHANGE-TRADED FD	113,674	$5,370	2.8%	$47.65	—	FST LOW OPPT EFT	33739Q200
IBTE	ISHARES TR	207,736	$4,952	2.6%	$23.80	—	IBONDS 24 TRM TS	46436E874
SPAB	SPDR SER TR	172,737	$4,204	2.2%	$25.35	—	PORTFOLIO AGRGTE	78464A649
—	ISHARES TR	151,726	$3,502	1.8%	$23.08	—	IBONDS 25 TRM TS	46436E866
DUSA	DAVIS FUNDAMENTAL ETF TR	92,368	$2,917	1.5%	$32.01	—	SELECT US EQTY	23908L207
FIXD	FIRST TR EXCHNG TRADED FD VI	68,977	$2,901	1.5%	$44.17	—	TCW OPPORTUNIS	33740F805
RSP	INVESCO EXCHANGE TRADED FD T	19,832	$2,810	1.5%	$149.06	—	S&P500 EQL WGT	46137V357
SPYM	SPDR SER TR	54,275	$2,728	1.4%	$52.02	—	PORTFOLIO S&P500	78464A854
FNDF	SCHWAB STRATEGIC TR	79,078	$2,504	1.3%	$32.26	—	SCHWB FDT INT LG	808524755
BOND	PIMCO ETF TR	26,025	$2,288	1.2%	$91.18	—	ACTIVE BD ETF	72201R775
UCON	FIRST TR EXCHNG TRADED FD VI	93,169	$2,227	1.2%	$24.17	—	TCW UNCONSTRAI	33740F888
TOTL	SSGA ACTIVE ETF TR	56,962	$2,202	1.2%	$40.35	—	SPDR TR TACTIC	78467V848
BIL	SPDR SER TR	23,411	$2,150	1.1%	$91.82	—	BLOOMBERG 1-3 MO	78468R663
IXUS	ISHARES TR	34,910	$2,094	1.1%	$62.35	—	CORE MSCI TOTAL	46432F834
SPDW	SPDR INDEX SHS FDS	67,359	$2,089	1.1%	$32.54	—	PORTFOLIO DEVLPD	78463X889
ZION	ZIONS BANCORPORATION N A	57,932	$2,021	1.1%	$27.74	+25.7%	COM	989701107
BUFG	FIRST TR EXCHNG TRADED FD VI	102,062	$2,008	1.1%	$20.12	—	CBOE VEST BUFERD	33740U778
BUFT	FIRST TR EXCHNG TRADED FD VI	89,287	$1,758	0.9%	$19.89	—	CBOE VEST BUFERD	33740U760
DINT	DAVIS FUNDAMENTAL ETF TR	92,854	$1,657	0.9%	$18.79	—	SELCT INTL ETF	23908L405
PDP	INVESCO EXCHANGE TRADED FD T	20,180	$1,554	0.8%	$76.99	—	DORSEY WRIGHT MO	46137V837
MOAT	VANECK ETF TRUST	19,453	$1,475	0.8%	$79.45	—	MRNGSTR WDE MOAT	92189F643
HQY	HEALTHEQUITY INC	17,730	$1,295	0.7%	$57.99	+16.5%	COM	42226A107
COWZ	PACER FDS TR	25,409	$1,256	0.7%	$48.05	—	US CASH COWS 100	69374H881
KOMP	SPDR SER TR	28,143	$1,115	0.6%	$44.60	—	S&P KENSHO NEW	78468R648
FV	FIRST TR EXCHANGE-TRADED FD	25,087	$1,111	0.6%	$46.66	—	DORSEY WRT 5 ETF	33738R605
PTLC	PACER FDS TR	27,545	$1,101	0.6%	$41.20	—	TRENDP US LAR CP	69374H105
SECT	NORTHERN LTS FD TR IV	26,108	$1,099	0.6%	$43.00	—	MAIN SECTR ROTN	66538H591
PHDG	INVESCO ACTIVELY MANAGED ETF	35,108	$1,094	0.6%	$33.03	—	S&P500 DOWNSID	46090A705
SPSM	SPDR SER TR	28,862	$1,065	0.6%	$38.84	—	PORTFOLIO S&P600	78468R853
RAVI	FLEXSHARES TR	12,823	$963	0.5%	$74.95	—	FLEXSHARES ULTRA	33939L886
TRND	PACER FDS TR	33,737	$952	0.5%	$29.09	—	TRENDPILOT FD	69374H675
FTGC	FIRST TR EXCHANGE TRAD FD VI	39,432	$946	0.5%	$23.27	—	FST TR GLB FD	33739H101
FRDM	EA SERIES TRUST	33,244	$941	0.5%	$31.20	—	FREEDOM 100 EM	02072L607
JPST	J P MORGAN EXCHANGE TRADED F	17,232	$865	0.5%	$50.14	—	ULTRA SHRT INC	46641Q837
GSIE	GOLDMAN SACHS ETF TR	25,198	$757	0.4%	$31.35	—	ACTIVEBETA INT	381430107
MINT	PIMCO ETF TR	7,205	$722	0.4%	$99.76	—	ENHAN SHRT MA AC	72201R833
AAPL	APPLE INC	4,134	$708	0.4%	$172.06	+5.4%	COM	037833100
XLE	SELECT SECTOR SPDR TR	7,538	$681	0.4%	$90.39	—	ENERGY	81369Y506
BWZ	SPDR SER TR	24,102	$621	0.3%	$26.72	—	BLOOMBERG SHORT	78464A334
DWLD	DAVIS FUNDAMENTAL ETF TR	22,272	$612	0.3%	$28.80	—	SELECT WRLD WI	23908L306
IXN	ISHARES TR	9,332	$540	0.3%	$62.14	—	GLOBAL TECH ETF	464287291
STOT	SSGA ACTIVE TR	11,609	$539	0.3%	$46.44	—	SPDR DBLELN SHRT	78470P200
IWD	ISHARES TR	3,520	$534	0.3%	$157.83	—	RUS 1000 VAL ETF	464287598
MUNI	PIMCO ETF TR	10,656	$534	0.3%	$51.32	—	INTER MUN BD ACT	72201R866
PIE	INVESCO EXCH TRADED FD TR II	27,647	$513	0.3%	$18.55	—	DORSEY WRGT EMRG	46138E867
XLU	SELECT SECTOR SPDR TR	8,536	$503	0.3%	$58.93	—	SBI INT-UTILS	81369Y886
FMB	FIRST TR EXCH TRADED FD III	9,947	$486	0.3%	$50.68	—	MANAGD MUN ETF	33739N108
TRAK	PARK CITY GROUP INC	53,963	$473	0.2%	$7.51	+22.6%	COM NEW	700215304
GUNR	FLEXSHARES TR	10,168	$411	0.2%	$40.44	—	MORNSTAR UPSTR	33939L407
VGT	VANGUARD WORLD FDS	915	$380	0.2%	$442.16	—	INF TECH ETF	92204A702
FSMB	FIRST TR EXCH TRADED FD III	19,455	$377	0.2%	$19.61	—	SHRT DUR MNG MUN	33739P830
XT	ISHARES TR	7,030	$367	0.2%	$55.24	—	EXPONENTIAL TECH	46434V381
SHEL	SHELL PLC	5,422	$349	0.2%	$60.38	—	SPON ADS	780259305
PIZ	INVESCO EXCH TRADED FD TR II	10,944	$314	0.2%	$28.67	—	DORSEY WRGT DVLP	46138E875
VLUE	ISHARES TR	3,396	$308	0.2%	$93.79	—	MSCI USA VALUE	46432F388
VWO	VANGUARD INTL EQUITY INDEX F	7,839	$307	0.2%	$40.68	—	FTSE EMR MKT ETF	922042858
FLRN	SPDR SER TR	9,270	$285	0.2%	$30.69	—	BLOOMBERG INVT	78468R200
AVDE	AMERICAN CENTY ETF TR	4,788	$266	0.1%	$55.65	—	INTL EQT ETF	025072703
IMFL	INVESCO EXCH TRD SLF IDX FD	11,066	$258	0.1%	$24.08	—	INTL DEV DYNAMIC	46138J437
—	CLENE INC	512,863	$254	0.1%	$0.88	—	COMMON STOCK	185634102
VOO	VANGUARD INDEX FDS	598	$235	0.1%	$407.28	—	S&P 500 ETF SHS	922908363
VTIP	VANGUARD MALVERN FDS	4,864	$230	0.1%	$47.42	—	STRM INFPROIDX	922020805
FXF	INVESCO CURRENCYSHARES SWISS	2,189	$213	0.1%	$99.46	—	SWISS FRANC	46138R108
VTI	VANGUARD INDEX FDS	982	$209	0.1%	$220.28	—	TOTAL STK MKT	922908769
RCL	ROYAL CARIBBEAN GROUP	2,256	$208	0.1%	$77.05	+27.8%	COM	V7780T103
INFL	LISTED FD TR	6,820	$208	0.1%	$30.57	—	HORIZON KINETICS	53656F623
MTUM	ISHARES TR	1,457	$204	0.1%	$144.25	—	MSCI USA MMENTM	46432F396
HCAT	HEALTH CATALYST INC	17,337	$175	0.1%	$11.91	+0.2%	COM	42225T107