Lunt Capital Management, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
USFR	WISDOMTREE TR	1,051,232	$52,887	20.2%	$50.32	—	FLOATNG RAT TREA	97717Y527
PALC	PACER FDS TR	262,935	$12,989	5.0%	$39.26	—	LUNT LRGCP MULTI	69374H816
BIL	SPDR SERIES TRUST	133,892	$12,282	4.7%	$91.69	—	BLOOMBERG 1-3 MO	78468R663
FCTR	FIRST TR EXCHANGE-TRADED FD	321,634	$10,933	4.2%	$26.85	—	LUNT US FACTOR	33733E872
TFLO	ISHARES TR	207,339	$10,502	4.0%	$50.57	—	TRS FLT RT BD	46434V860
PAMC	PACER FDS TR	222,810	$9,763	3.7%	$37.23	—	LUNT MDCAP MLT	69374H725
TPL	TEXAS PACIFIC LAND CORPORATI	9,231	$9,752	3.7%	$162.99	+149.7%	COM	88262P102
ALTL	PACER FDS TR	229,256	$8,634	3.3%	$37.01	—	LUNT LRG CP ALTR	69374H717
DUSA	DAVIS FUNDAMENTAL ETF TR	159,615	$7,387	2.8%	$38.11	—	SELECT US EQTY	23908L207
LMBS	FIRST TR EXCHANGE-TRADED FD	134,552	$6,628	2.5%	$47.83	—	FST LOW OPPT EFT	33739Q200
SPAB	SPDR SERIES TRUST	233,012	$5,965	2.3%	$25.35	—	PORTFOLIO AGRGTE	78464A649
IXUS	ISHARES TR	71,608	$5,536	2.1%	$65.51	—	CORE MSCI TOTAL	46432F834
BOND	PIMCO ETF TR	54,562	$5,030	1.9%	$91.40	—	ACTIVE BD ETF	72201R775
MOAT	VANECK ETF TRUST	52,446	$4,919	1.9%	$87.39	—	MRNGSTR WDE MOAT	92189F643
FLXR	TCW ETF TRUST	123,749	$4,882	1.9%	$39.45	—	FLEXIBLE INCOME	29287L700
TOTL	SSGA ACTIVE ETF TR	112,775	$4,523	1.7%	$40.11	—	SPDR TR TACTIC	78467V848
—	ISHARES TR	185,425	$4,332	1.7%	$23.15	—	IBONDS 25 TRM TS	46436E866
COWZ	PACER FDS TR	78,183	$4,308	1.6%	$53.82	—	US CASH COWS 100	69374H881
RSP	INVESCO EXCHANGE TRADED FD T	22,916	$4,165	1.6%	$161.80	—	S&P500 EQL WGT	46137V357
SPYM	SPDR SERIES TRUST	56,435	$4,102	1.6%	$58.69	—	PORTFOLIO S&P500	78464A854
FNDF	SCHWAB STRATEGIC TR	98,454	$3,940	1.5%	$33.61	—	FUNDAMENTAL INTL	808524755
DINT	DAVIS FUNDAMENTAL ETF TR	140,067	$3,622	1.4%	$19.79	—	SELCT INTL ETF	23908L405
IGEB	ISHARES TR	75,261	$3,420	1.3%	$44.52	—	INVESTMENT GRADE	46435G219
SPDW	SPDR INDEX SHS FDS	65,900	$2,668	1.0%	$33.22	—	PORTFOLIO DEVLPD	78463X889
BUFG	FIRST TR EXCHNG TRADED FD VI	103,161	$2,635	1.0%	$21.08	—	VEST BUFFERED	33740U778
BUFT	FIRST TR EXCHNG TRADED FD VI	109,857	$2,588	1.0%	$20.66	—	VEST BUFFERED	33740U760
FRDM	EA SERIES TRUST	62,234	$2,514	1.0%	$32.55	—	FREEDOM 100 EM	02072L607
SECT	NORTHERN LTS FD TR IV	41,995	$2,439	0.9%	$46.35	—	MAIN SECTR ROTN	66538H591
FV	FIRST TR EXCHANGE TRADED FD	40,490	$2,399	0.9%	$51.78	—	DORSEY WRT 5 ETF	33738R605
RCL	ROYAL CARIBBEAN GROUP	7,310	$2,289	0.9%	$145.43	+62.4%	COM	V7780T103
KOMP	SPDR SERIES TRUST	41,996	$2,284	0.9%	$45.83	—	S&P KENSHO NEW	78468R648
EQAL	INVESCO EXCH TRADED FD TR II	46,323	$2,281	0.9%	$47.71	—	RUSEL 1000 EQL	46138E420
PTLC	PACER FDS TR	43,390	$2,202	0.8%	$45.25	—	TRENDP US LAR CP	69374H105
PHDG	INVESCO ACTIVELY MANAGED EXC	58,549	$2,066	0.8%	$35.08	—	S&P500 DOWNSID	46090A705
IWB	ISHARES TR	5,043	$1,712	0.7%	$339.57	—	RUS 1000 ETF	464287622
IDMO	INVESCO EXCH TRADED FD TR II	30,408	$1,558	0.6%	$44.16	—	S&P INTL MOMNT	46138E222
DWLD	DAVIS FUNDAMENTAL ETF TR	37,437	$1,551	0.6%	$29.32	—	SELECT WRLD WI	23908L306
VTI	VANGUARD INDEX FDS	4,555	$1,384	0.5%	$285.90	—	TOTAL STK MKT	922908769
IWM	ISHARES TR	6,194	$1,337	0.5%	$211.26	—	RUSSELL 2000 ETF	464287655
XLK	SELECT SECTOR SPDR TR	4,806	$1,217	0.5%	$253.23	—	TECHNOLOGY	81369Y803
SPMO	INVESCO EXCH TRADED FD TR II	10,653	$1,198	0.5%	$112.47	—	S&P 500 MOMNTM	46138E339
SPSM	SPDR SERIES TRUST	27,403	$1,167	0.4%	$41.66	—	PORTFOLIO S&P600	78468R853
TRAK	REPOSITRAK INC	54,072	$1,063	0.4%	$7.51	+179.0%	COM NEW	700215304
DJUL	FIRST TR EXCHNG TRADED FD VI	22,576	$1,003	0.4%	$41.41	—	FT VEST US EQT	33740F698
GSIE	GOLDMAN SACHS ETF TR	25,198	$999	0.4%	$31.35	—	ACTIVEBETA INT	381430107
DAUG	FIRST TR EXCHNG TRADED FD VI	23,537	$981	0.4%	$39.13	—	FT VEST U.S.	33740F854
JPST	J P MORGAN EXCHANGE TRADED F	16,149	$818	0.3%	$50.14	—	ULTRA SHRT ETF	46641Q837
METC	RAMACO RES INC	61,900	$813	0.3%	$12.70	-24.3%	COM CL A	75134P600
PIE	INVESCO EXCH TRADED FD TR II	37,647	$788	0.3%	$20.94	—	DORSEY WRGT EMRG	46138E867
XLC	SELECT SECTOR SPDR TR	6,899	$749	0.3%	$85.66	—	COMMUNICATION	81369Y852
IXN	ISHARES TR	8,006	$739	0.3%	$63.47	—	GLOBAL TECH ETF	464287291
SPHQ	INVESCO EXCHANGE TRADED FD T	9,803	$699	0.3%	$54.32	—	S&P500 QUALITY	46137V241
XLF	SELECT SECTOR SPDR TR	13,129	$688	0.3%	$49.81	—	FINANCIAL	81369Y605
XLI	SELECT SECTOR SPDR TR	4,598	$678	0.3%	$147.52	—	INDL	81369Y704
ZION	ZIONS BANCORPORATION N A	12,655	$657	0.3%	$27.74	+69.1%	COM	989701107
BWZ	SPDR SERIES TRUST	23,331	$655	0.3%	$26.73	—	BLOOMBERG SHORT	78464A334
GUNR	FLEXSHARES TR	15,991	$641	0.2%	$38.81	—	MORNSTAR UPSTR	33939L407
DSEP	FIRST TR EXCHNG TRADED FD VI	15,046	$638	0.2%	$40.05	—	FT VEST US EQT	33740F680
DFEB	FIRST TR EXCHNG TRADED FD VI	13,765	$615	0.2%	$42.15	—	FT VEST US	33740F771
VGT	VANGUARD WORLD FD	915	$607	0.2%	$442.16	—	INF TECH ETF	92204A702
IWD	ISHARES TR	2,994	$582	0.2%	$157.83	—	RUS 1000 VAL ETF	464287598
FTGC	FIRST TR EXCHANGE TRAD FD VI	23,118	$570	0.2%	$23.57	—	FST TR GLB FD	33739H101
AAPL	APPLE INC	2,723	$559	0.2%	$172.36	+16.9%	COM	037833100
VXUS	VANGUARD STAR FDS	7,459	$515	0.2%	$69.09	—	VG TL INTL STK F	921909768
RWO	SPDR INDEX SHS FDS	10,764	$475	0.2%	$44.14	—	DJ GLB RL ES ETF	78463X749
FTSM	FIRST TR EXCHANGE-TRADED FD	6,860	$411	0.2%	$59.41	—	FIRST TR ENH NEW	33739Q408
VLUE	ISHARES TR	3,396	$384	0.1%	$93.79	—	MSCI USA VALUE	46432F388
META	META PLATFORMS INC	500	$369	0.1%	$443.21	+39.1%	CL A	30303M102
FLRN	SPDR SERIES TRUST	11,799	$364	0.1%	$30.74	—	BLOOMBERG INVT	78468R200
SHEL	SHELL PLC	5,099	$359	0.1%	$60.38	—	SPON ADS	780259305
IEF	ISHARES TR	3,736	$358	0.1%	$92.45	—	7-10 YR TRSY BD	464287440
MTUM	ISHARES TR	1,457	$350	0.1%	$144.52	—	MSCI USA MMENTM	46432F396
GDX	VANECK ETF TRUST	6,471	$337	0.1%	$52.06	—	GOLD MINERS ETF	92189F106
DJUN	FIRST TR EXCHNG TRADED FD VI	7,330	$330	0.1%	$40.89	—	FT VEST US EQT	33740F714
VOO	VANGUARD INDEX FDS	564	$320	0.1%	$407.28	—	S&P 500 ETF SHS	922908363
IMFL	INVESCO EXCH TRD SLF IDX FD	11,066	$306	0.1%	$24.87	—	INTL DEV DYNAMIC	46138J437
AVDE	AMERICAN CENTY ETF TR	3,910	$289	0.1%	$55.65	—	INTL EQT ETF	025072703
EFNL	ISHARES TR	5,613	$230	0.1%	$36.78	—	MSCI FINLAND ETF	46429B515
TRND	PACER FDS TR	7,188	$230	0.1%	$29.13	—	TRENDPILOT FD	69374H675
NORW	GLOBAL X FDS	7,705	$225	0.1%	$27.10	—	MSCI NORWAY ETF	37950E101
SRVR	PACER FDS TR	6,935	$224	0.1%	$29.35	—	DATA AND INFRAST	69374H741
EWL	ISHARES INC	4,004	$219	0.1%	$51.79	—	MSCI SWITZERLAND	464286749
EWD	ISHARES INC	4,723	$216	0.1%	$42.08	—	MSCI SWEDEN ETF	464286756
EWC	ISHARES INC	4,505	$208	0.1%	$41.50	—	MSCI CDA ETF	464286509
EWU	ISHARES TR	5,091	$202	0.1%	$39.72	—	MSCI UK ETF NEW	46435G334
EWA	ISHARES INC	7,636	$201	0.1%	$26.32	—	MSCI AUST ETF	464286103
CLNN	CLENE INC	51,010	$199	0.1%	$4.43	-26.4%	COM NEW	185634201
SNFCA	SECURITY NATL FINL CORP	16,489	$162	0.1%	$6.84	+37.5%	CL A NEW	814785309
PDBC	INVESCO ACTVELY MNGD ETC FD	12,077	$157	0.1%	$12.99	—	OPTIMUM YIELD	46090F100
HCAT	HEALTH CATALYST INC	17,337	$65	0.0%	$11.91	-67.0%	COM	42225T107