Lunt Capital Management, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
USFR	WISDOMTREE TR	1,247,270	$62,775	22.8%	$50.32	—	FLOATNG RAT TREA	97717Y527
VRIG	INVESCO ACTIVELY MANAGED EXC	776,471	$19,474	7.1%	$25.09	—	VAR RATE INVT	46090A879
TFLO	ISHARES TR	265,127	$13,431	4.9%	$50.57	—	TRS FLT RT BD	46434V860
PALC	PACER FDS TR	260,176	$12,475	4.5%	$39.15	—	LUNT LRGCP MULTI	69374H816
TPL	TEXAS PACIFIC LAND CORPORATI	9,231	$12,231	4.5%	$162.99	+172.0%	COM	88262P102
FCTR	FIRST TR EXCHANGE-TRADED FD	319,741	$9,887	3.6%	$26.85	—	LUNT US FACTOR	33733E872
PAMC	PACER FDS TR	220,151	$9,332	3.4%	$37.15	—	LUNT MDCAP MLT	69374H725
ALTL	PACER FDS TR	226,183	$7,874	2.9%	$37.00	—	LUNT LRG CP ALTR	69374H717
DUSA	DAVIS FUNDAMENTAL ETF TR	166,315	$7,038	2.6%	$38.11	—	SELECT US EQTY	23908L207
LMBS	FIRST TR EXCHANGE-TRADED FD	133,530	$6,564	2.4%	$47.83	—	FST LOW OPPT EFT	33739Q200
UCON	FIRST TR EXCHNG TRADED FD VI	255,614	$6,326	2.3%	$24.50	—	TCW UNCONSTRAI	33740F888
SPAB	SPDR SER TR	232,942	$5,949	2.2%	$25.35	—	PORTFOLIO AGRGTE	78464A649
SPYM	SPDR SER TR	78,707	$5,176	1.9%	$58.69	—	PORTFOLIO S&P500	78464A854
RSP	INVESCO EXCHANGE TRADED FD T	29,271	$5,071	1.8%	$161.80	—	S&P500 EQL WGT	46137V357
MOAT	VANECK ETF TRUST	56,358	$4,960	1.8%	$87.39	—	MRNGSTR WDE MOAT	92189F643
IXUS	ISHARES TR	70,299	$4,908	1.8%	$65.29	—	CORE MSCI TOTAL	46432F834
COWZ	PACER FDS TR	84,179	$4,610	1.7%	$53.82	—	US CASH COWS 100	69374H881
—	ISHARES TR	181,956	$4,252	1.5%	$23.14	—	IBONDS 25 TRM TS	46436E866
BOND	PIMCO ETF TR	45,406	$4,199	1.5%	$91.24	—	ACTIVE BD ETF	72201R775
TOTL	SSGA ACTIVE ETF TR	96,399	$3,884	1.4%	$40.11	—	SPDR TR TACTIC	78467V848
FNDF	SCHWAB STRATEGIC TR	97,513	$3,524	1.3%	$33.61	—	FUNDAMENTAL INTL	808524755
IGEB	ISHARES TR	73,359	$3,302	1.2%	$44.50	—	INVESTMENT GRADE	46435G219
DINT	DAVIS FUNDAMENTAL ETF TR	138,764	$3,207	1.2%	$19.79	—	SELCT INTL ETF	23908L405
SPDW	SPDR INDEX SHS FDS	79,041	$2,878	1.0%	$33.22	—	PORTFOLIO DEVLPD	78463X889
BUFG	FIRST TR EXCHNG TRADED FD VI	119,414	$2,841	1.0%	$21.08	—	VEST BUFFERED	33740U778
BUFT	FIRST TR EXCHNG TRADED FD VI	126,397	$2,837	1.0%	$20.66	—	VEST BUFFERED	33740U760
BIL	SPDR SER TR	29,198	$2,678	1.0%	$91.55	—	BLOOMBERG 1-3 MO	78468R663
PHDG	INVESCO ACTIVELY MANAGED EXC	68,728	$2,507	0.9%	$35.08	—	S&P500 DOWNSID	46090A705
PTLC	PACER FDS TR	43,128	$2,219	0.8%	$45.25	—	TRENDP US LAR CP	69374H105
FV	FIRST TR EXCHANGE TRADED FD	40,248	$2,208	0.8%	$51.78	—	DORSEY WRT 5 ETF	33738R605
FRDM	EA SERIES TRUST	61,732	$2,164	0.8%	$32.55	—	FREEDOM 100 EM	02072L607
SECT	NORTHERN LTS FD TR IV	41,711	$2,130	0.8%	$46.35	—	MAIN SECTR ROTN	66538H591
KOMP	SPDR SER TR	42,239	$1,964	0.7%	$45.83	—	S&P KENSHO NEW	78468R648
SPSM	SPDR SER TR	45,548	$1,857	0.7%	$41.66	—	PORTFOLIO S&P600	78468R853
IDMO	INVESCO EXCH TRADED FD TR II	32,483	$1,434	0.5%	$44.16	—	S&P INTL MOMNT	46138E222
DWLD	DAVIS FUNDAMENTAL ETF TR	37,437	$1,411	0.5%	$29.32	—	SELECT WRLD WI	23908L306
XLF	SELECT SECTOR SPDR TR	22,871	$1,139	0.4%	$49.81	—	FINANCIAL	81369Y605
TRAK	REPOSITRAK INC	54,072	$1,096	0.4%	$7.51	+175.1%	COM NEW	700215304
SPLV	INVESCO EXCH TRADED FD TR II	13,987	$1,045	0.4%	$74.72	—	S&P500 LOW VOL	46138E354
RCL	ROYAL CARIBBEAN GROUP	4,938	$1,014	0.4%	$101.86	+129.0%	COM	V7780T103
DJUL	FIRST TR EXCHNG TRADED FD VI	22,576	$923	0.3%	$41.41	—	FT VEST US EQT	33740F698
DAUG	FIRST TR EXCHNG TRADED FD VI	23,537	$913	0.3%	$39.13	—	FT VEST U.S.	33740F854
GSIE	GOLDMAN SACHS ETF TR	25,198	$898	0.3%	$31.35	—	ACTIVEBETA INT	381430107
JPST	J P MORGAN EXCHANGE TRADED F	16,549	$838	0.3%	$50.14	—	ULTRA SHRT ETF	46641Q837
XLE	SELECT SECTOR SPDR TR	8,304	$776	0.3%	$93.45	—	ENERGY	81369Y506
EELV	INVESCO EXCH TRADED FD TR II	28,778	$699	0.3%	$24.59	—	S&P EMRNG MKTS	46138E297
XLC	SELECT SECTOR SPDR TR	6,838	$660	0.2%	$85.66	—	COMMUNICATION	81369Y852
EQAL	INVESCO EXCH TRADED FD TR II	13,802	$652	0.2%	$44.10	—	RUSEL 1000 EQL	46138E420
SPHQ	INVESCO EXCHANGE TRADED FD T	9,724	$645	0.2%	$54.32	—	S&P500 QUALITY	46137V241
FIXD	FIRST TR EXCHNG TRADED FD VI	14,711	$645	0.2%	$44.17	—	TCW OPPORTUNIS	33740F805
GUNR	FLEXSHARES TR	16,270	$631	0.2%	$38.81	—	MORNSTAR UPSTR	33939L407
ZION	ZIONS BANCORPORATION N A	12,655	$631	0.2%	$27.74	+94.1%	COM	989701107
IXN	ISHARES TR	8,276	$627	0.2%	$63.47	—	GLOBAL TECH ETF	464287291
BWZ	SPDR SER TR	22,951	$603	0.2%	$26.71	—	BLOOMBERG SHORT	78464A334
AAPL	APPLE INC	2,695	$599	0.2%	$172.06	+34.1%	COM	037833100
DSEP	FIRST TR EXCHNG TRADED FD VI	15,046	$597	0.2%	$40.05	—	FT VEST US EQT	33740F680
FTGC	FIRST TR EXCHANGE TRAD FD VI	22,747	$581	0.2%	$23.56	—	FST TR GLB FD	33739H101
DFEB	FIRST TR EXCHNG TRADED FD VI	13,765	$580	0.2%	$42.15	—	FT VEST US	33740F771
IWD	ISHARES TR	2,994	$563	0.2%	$157.83	—	RUS 1000 VAL ETF	464287598
SPEM	SPDR INDEX SHS FDS	13,825	$544	0.2%	$39.37	—	PORTFOLIO EMG MK	78463X509
METC	RAMACO RES INC	61,900	$509	0.2%	$12.70	-26.1%	COM CL A	75134P600
VGT	VANGUARD WORLD FD	915	$496	0.2%	$442.16	—	INF TECH ETF	92204A702
IWM	ISHARES TR	2,406	$480	0.2%	$204.12	—	RUSSELL 2000 ETF	464287655
FTSM	FIRST TR EXCHANGE-TRADED FD	7,016	$420	0.2%	$59.41	—	FIRST TR ENH NEW	33739Q408
SHEL	SHELL PLC	5,099	$374	0.1%	$60.38	—	SPON ADS	780259305
VLUE	ISHARES TR	3,396	$362	0.1%	$93.79	—	MSCI USA VALUE	46432F388
IEF	ISHARES TR	3,736	$356	0.1%	$92.45	—	7-10 YR TRSY BD	464287440
FLRN	SPDR SER TR	11,224	$346	0.1%	$30.73	—	BLOOMBERG INVT	78468R200
DJUN	FIRST TR EXCHNG TRADED FD VI	7,330	$308	0.1%	$40.89	—	FT VEST US EQT	33740F714
MTUM	ISHARES TR	1,457	$295	0.1%	$144.52	—	MSCI USA MMENTM	46432F396
VOO	VANGUARD INDEX FDS	564	$290	0.1%	$407.28	—	S&P 500 ETF SHS	922908363
META	META PLATFORMS INC	500	$288	0.1%	$443.21	+45.1%	CL A	30303M102
IMFL	INVESCO EXCH TRD SLF IDX FD	11,066	$272	0.1%	$24.87	—	INTL DEV DYNAMIC	46138J437
VTI	VANGUARD INDEX FDS	982	$270	0.1%	$220.28	—	TOTAL STK MKT	922908769
AVDE	AMERICAN CENTY ETF TR	3,910	$259	0.1%	$55.65	—	INTL EQT ETF	025072703
TRND	PACER FDS TR	7,188	$231	0.1%	$29.13	—	TRENDPILOT FD	69374H675
NORW	GLOBAL X FDS	8,105	$220	0.1%	$27.10	—	MSCI NORWAY ETF	37950E101
EWL	ISHARES INC	4,039	$209	0.1%	$51.79	—	MSCI SWITZERLAND	464286749
EWC	ISHARES INC	5,133	$209	0.1%	$41.50	—	MSCI CDA ETF	464286509
EFNL	ISHARES TR	5,655	$208	0.1%	$36.78	—	MSCI FINLAND ETF	46429B515
SRVR	PACER FDS TR	6,935	$204	0.1%	$29.35	—	DATA AND INFRAST	69374H741
EWD	ISHARES INC	4,760	$200	0.1%	$42.08	—	MSCI SWEDEN ETF	464286756
SNFCA	SECURITY NATL FINL CORP	15,862	$192	0.1%	$6.74	+77.0%	CL A NEW	814785309
PDBC	INVESCO ACTVELY MNGD ETC FD	11,925	$163	0.1%	$12.99	—	OPTIMUM YIELD	46090F100
CLNN	CLENE INC	29,793	$92	0.0%	$5.26	-13.9%	COM NEW	185634201
HCAT	HEALTH CATALYST INC	17,337	$79	0.0%	$11.91	-55.6%	COM	42225T107