Lunt Capital Management, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
USFR	WISDOMTREE TR	950,841	$47,770	24.7%	$50.32	—	FLOATNG RAT TREA	97717Y527
PALC	PACER FDS TR	241,009	$9,879	5.1%	$38.17	—	LUNT LRGCP MULTI	69374H816
TPL	TEXAS PACIFIC LAND CORPORATI	5,790	$9,104	4.7%	$155.33	+19.0%	COM	88262P102
FCTR	FIRST TR EXCHANGE-TRADED FD	288,999	$8,031	4.2%	$26.19	—	LUNT US FACTOR	33733E872
TFLO	ISHARES TR	157,262	$7,937	4.1%	$50.67	—	TRS FLT RT BD	46434V860
PAMC	PACER FDS TR	179,428	$6,663	3.4%	$35.43	—	LUNT MDCAP MLT	69374H725
ALTL	PACER FDS TR	169,781	$5,710	3.0%	$37.43	—	LUNT LRG CP ALTR	69374H717
LMBS	FIRST TR EXCHANGE-TRADED FD	111,466	$5,386	2.8%	$47.65	—	FST LOW OPPT EFT	33739Q200
IBTE	ISHARES TR	214,580	$5,120	2.7%	$23.80	—	IBONDS 24 TRM TS	46436E874
SPAB	SPDR SER TR	173,691	$4,453	2.3%	$25.35	—	PORTFOLIO AGRGTE	78464A649
—	ISHARES TR	191,053	$4,448	2.3%	$23.12	—	IBONDS 25 TRM TS	46436E866
FTSM	FIRST TR EXCHANGE-TRADED FD	63,082	$3,763	1.9%	$59.41	—	FIRST TR ENH NEW	33739Q408
BIL	SPDR SER TR	33,318	$3,045	1.6%	$91.69	—	BLOOMBERG 1-3 MO	78468R663
FIXD	FIRST TR EXCHNG TRADED FD VI	64,925	$2,896	1.5%	$44.17	—	TCW OPPORTUNIS	33740F805
VRIG	INVESCO ACTIVELY MANAGED ETF	110,592	$2,764	1.4%	$24.99	—	VAR RATE INVT	46090A879
ZION	ZIONS BANCORPORATION N A	57,932	$2,541	1.3%	$27.74	+30.2%	COM	989701107
BOND	PIMCO ETF TR	26,821	$2,480	1.3%	$91.22	—	ACTIVE BD ETF	72201R775
SPDW	SPDR INDEX SHS FDS	71,786	$2,441	1.3%	$32.63	—	PORTFOLIO DEVLPD	78463X889
UCON	FIRST TR EXCHNG TRADED FD VI	97,667	$2,416	1.3%	$24.20	—	TCW UNCONSTRAI	33740F888
TOTL	SSGA ACTIVE ETF TR	59,750	$2,405	1.2%	$40.34	—	SPDR TR TACTIC	78467V848
IXUS	ISHARES TR	33,208	$2,156	1.1%	$62.35	—	CORE MSCI TOTAL	46432F834
DUSA	DAVIS FUNDAMENTAL ETF TR	57,317	$2,021	1.0%	$32.01	—	SELECT US EQTY	23908L207
SPYM	SPDR SER TR	36,153	$2,021	1.0%	$52.02	—	PORTFOLIO S&P500	78464A854
RSP	INVESCO EXCHANGE TRADED FD T	12,602	$1,989	1.0%	$149.06	—	S&P500 EQL WGT	46137V357
BUFG	FIRST TR EXCHNG TRADED FD VI	88,859	$1,891	1.0%	$20.12	—	CBOE VEST BUFERD	33740U778
PDP	INVESCO EXCHANGE TRADED FD T	21,066	$1,801	0.9%	$77.35	—	DORSEY WRIGHT MO	46137V837
DWLD	DAVIS FUNDAMENTAL ETF TR	59,902	$1,774	0.9%	$29.32	—	SELECT WRLD WI	23908L306
BUFT	FIRST TR EXCHNG TRADED FD VI	83,872	$1,747	0.9%	$19.89	—	CBOE VEST BUFERD	33740U760
FNDF	SCHWAB STRATEGIC TR	48,862	$1,648	0.9%	$32.26	—	SCHWB FDT INT LG	808524755
DINT	DAVIS FUNDAMENTAL ETF TR	88,633	$1,642	0.9%	$18.79	—	SELCT INTL ETF	23908L405
MOAT	VANECK ETF TRUST	19,269	$1,635	0.8%	$79.45	—	MRNGSTR WDE MOAT	92189F643
KOMP	SPDR SER TR	27,887	$1,302	0.7%	$44.60	—	S&P KENSHO NEW	78468R648
SPSM	SPDR SER TR	30,537	$1,288	0.7%	$39.02	—	PORTFOLIO S&P600	78468R853
COWZ	PACER FDS TR	24,650	$1,282	0.7%	$48.05	—	US CASH COWS 100	69374H881
SECT	NORTHERN LTS FD TR IV	27,083	$1,261	0.7%	$43.13	—	MAIN SECTR ROTN	66538H591
PHDG	INVESCO ACTIVELY MANAGED ETF	36,452	$1,248	0.6%	$33.07	—	S&P500 DOWNSID	46090A705
HQY	HEALTHEQUITY INC	17,730	$1,175	0.6%	$57.99	+19.6%	COM	42226A107
FRDM	EA SERIES TRUST	35,725	$1,175	0.6%	$31.32	—	FREEDOM 100 EM	02072L607
FV	FIRST TR EXCHANGE-TRADED FD	21,403	$1,103	0.6%	$46.66	—	DORSEY WRT 5 ETF	33738R605
TRND	PACER FDS TR	36,602	$1,086	0.6%	$29.13	—	TRENDPILOT FD	69374H675
XLRE	SELECT SECTOR SPDR TR	26,533	$1,063	0.6%	$40.06	—	RL EST SEL SEC	81369Y860
SPHQ	INVESCO EXCHANGE TRADED FD T	19,498	$1,054	0.5%	$54.08	—	S&P500 QUALITY	46137V241
PTLC	PACER FDS TR	23,875	$1,033	0.5%	$41.20	—	TRENDP US LAR CP	69374H105
IMFL	INVESCO EXCH TRD SLF IDX FD	39,756	$1,001	0.5%	$24.87	—	INTL DEV DYNAMIC	46138J437
JPST	J P MORGAN EXCHANGE TRADED F	17,232	$866	0.4%	$50.14	—	ULTRA SHRT INC	46641Q837
GSIE	GOLDMAN SACHS ETF TR	25,198	$823	0.4%	$31.35	—	ACTIVEBETA INT	381430107
RAVI	FLEXSHARES TR	10,201	$765	0.4%	$74.95	—	FLEXSHARES ULTRA	33939L886
AAPL	APPLE INC	3,947	$760	0.4%	$172.06	+6.2%	COM	037833100
MINT	PIMCO ETF TR	7,205	$719	0.4%	$99.76	—	ENHAN SHRT MA AC	72201R833
EQAL	INVESCO EXCH TRADED FD TR II	15,575	$687	0.4%	$44.10	—	RUSEL 1000 EQL	46138E420
BWZ	SPDR SER TR	24,064	$659	0.3%	$26.72	—	BLOOMBERG SHORT	78464A334
SGOV	ISHARES TR	6,549	$657	0.3%	$100.27	—	0-3 MNTH TREASRY	46436E718
DGRW	WISDOMTREE TR	9,321	$655	0.3%	$70.28	—	US QTLY DIV GRT	97717X669
XLF	SELECT SECTOR SPDR TR	16,844	$633	0.3%	$37.60	—	FINANCIAL	81369Y605
XLI	SELECT SECTOR SPDR TR	5,394	$615	0.3%	$113.99	—	INDL	81369Y704
IXN	ISHARES TR	8,873	$605	0.3%	$62.14	—	GLOBAL TECH ETF	464287291
XLV	SELECT SECTOR SPDR TR	4,359	$594	0.3%	$136.38	—	SBI HEALTHCARE	81369Y209
IWD	ISHARES TR	3,520	$582	0.3%	$157.83	—	RUS 1000 VAL ETF	464287598
PIZ	INVESCO EXCH TRADED FD TR II	17,493	$556	0.3%	$29.83	—	DORSEY WRGT DVLP	46138E875
TRAK	REPOSITRAK INC	53,963	$540	0.3%	$7.51	+30.6%	COM NEW	700215304
FMB	FIRST TR EXCH TRADED FD III	9,947	$514	0.3%	$50.68	—	MANAGD MUN ETF	33739N108
XLK	SELECT SECTOR SPDR TR	2,524	$486	0.3%	$192.48	—	TECHNOLOGY	81369Y803
STOT	SSGA ACTIVE TR	9,605	$450	0.2%	$46.44	—	SPDR DBLELN SHRT	78470P200
VGT	VANGUARD WORLD FDS	915	$443	0.2%	$442.16	—	INF TECH ETF	92204A702
FTGC	FIRST TR EXCHANGE TRAD FD VI	19,150	$430	0.2%	$23.27	—	FST TR GLB FD	33739H101
IWM	ISHARES TR	2,069	$415	0.2%	$200.71	—	RUSSELL 2000 ETF	464287655
MUNI	PIMCO ETF TR	7,510	$397	0.2%	$51.32	—	INTER MUN BD ACT	72201R866
FSMB	FIRST TR EXCH TRADED FD III	19,455	$388	0.2%	$19.61	—	SHRT DUR MNG MUN	33739P830
SHEL	SHELL PLC	5,422	$357	0.2%	$60.38	—	SPON ADS	780259305
XT	ISHARES TR	5,760	$345	0.2%	$55.24	—	EXPONENTIAL TECH	46434V381
VLUE	ISHARES TR	3,396	$344	0.2%	$93.79	—	MSCI USA VALUE	46432F388
VWO	VANGUARD INTL EQUITY INDEX F	7,639	$314	0.2%	$40.68	—	FTSE EMR MKT ETF	922042858
RCL	ROYAL CARIBBEAN GROUP	2,256	$292	0.2%	$77.05	+30.0%	COM	V7780T103
VOO	VANGUARD INDEX FDS	598	$261	0.1%	$407.28	—	S&P 500 ETF SHS	922908363
PIE	INVESCO EXCH TRADED FD TR II	13,235	$261	0.1%	$18.55	—	DORSEY WRGT EMRG	46138E867
AVDE	AMERICAN CENTY ETF TR	3,910	$236	0.1%	$55.65	—	INTL EQT ETF	025072703
MTUM	ISHARES TR	1,489	$234	0.1%	$144.52	—	MSCI USA MMENTM	46432F396
VTI	VANGUARD INDEX FDS	982	$233	0.1%	$220.28	—	TOTAL STK MKT	922908769
FXF	INVESCO CURRENCYSHARES SWISS	2,202	$233	0.1%	$99.46	—	SWISS FRANC	46138R108
XLSR	SSGA ACTIVE TR	4,879	$223	0.1%	$45.76	—	SPDR SSGA US SCT	78470P408
FLRN	SPDR SER TR	7,214	$221	0.1%	$30.69	—	BLOOMBERG INVT	78468R200
EIRL	ISHARES TR	3,320	$203	0.1%	$61.13	—	MSCI IRELAND ETF	46429B507
VXUS	VANGUARD STAR FDS	3,482	$202	0.1%	$57.96	—	VG TL INTL STK F	921909768
HCAT	HEALTH CATALYST INC	17,337	$161	0.1%	$11.91	-31.4%	COM	42225T107
—	CLENE INC	512,863	$152	0.1%	$0.88	—	COMMON STOCK	185634102