Lunt Capital Management, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
USFR	WISDOMTREE TR	893,787	$44,931	17.2%	$50.32	—	FLOATNG RAT TREA	97717Y527
PALC	PACER FDS TR	263,114	$13,621	5.2%	$39.26	—	LUNT LRGCP MULTI	69374H816
FCTR	FIRST TR EXCHANGE-TRADED FD	305,209	$10,838	4.1%	$26.85	—	LUNT US FACTOR	33733E872
PAMC	PACER FDS TR	224,694	$10,565	4.0%	$37.23	—	LUNT MDCAP MLT	69374H725
BIL	SPDR SERIES TRUST	111,462	$10,227	3.9%	$91.69	—	BLOOMBERG 1-3 MO	78468R663
ALTL	PACER FDS TR	222,598	$9,452	3.6%	$37.01	—	LUNT LRG CP ALTR	69374H717
TFLO	ISHARES TR	180,207	$9,117	3.5%	$50.57	—	TRS FLT RT BD	46434V860
TPL	TEXAS PACIFIC LAND CORPORATI	9,231	$8,618	3.3%	$162.99	+92.6%	COM	88262P102
DUSA	DAVIS FUNDAMENTAL ETF TR	159,113	$7,622	2.9%	$38.11	—	SELECT US EQTY	23908L207
LMBS	FIRST TR EXCHANGE-TRADED FD	132,039	$6,574	2.5%	$47.83	—	FST LOW OPPT EFT	33739Q200
IXUS	ISHARES TR	71,957	$5,942	2.3%	$65.51	—	CORE MSCI TOTAL	46432F834
SPAB	SPDR SERIES TRUST	225,955	$5,841	2.2%	$25.35	—	PORTFOLIO AGRGTE	78464A649
RSP	INVESCO EXCHANGE TRADED FD T	26,697	$5,064	1.9%	$165.75	—	S&P500 EQL WGT	46137V357
BOND	PIMCO ETF TR	53,194	$4,966	1.9%	$91.40	—	ACTIVE BD ETF	72201R775
FLXR	TCW ETF TRUST	120,102	$4,780	1.8%	$39.45	—	FLEXIBLE INCOME	29287L700
COWZ	PACER FDS TR	78,267	$4,498	1.7%	$53.82	—	US CASH COWS 100	69374H881
TOTL	SSGA ACTIVE ETF TR	110,741	$4,493	1.7%	$40.11	—	SPDR TR TACTIC	78467V848
SPYM	SPDR SERIES TRUST	56,093	$4,394	1.7%	$58.69	—	PORTFOLIO S&P500	78464A854
MOAT	VANECK ETF TRUST	44,109	$4,372	1.7%	$87.39	—	MRNGSTR WDE MOAT	92189F643
—	ISHARES TR	177,447	$4,146	1.6%	$23.15	—	IBONDS 25 TRM TS	46436E866
FNDF	SCHWAB STRATEGIC TR	96,338	$4,139	1.6%	$33.61	—	FUNDAMENTAL INTL	808524755
DINT	DAVIS FUNDAMENTAL ETF TR	141,027	$3,946	1.5%	$19.79	—	SELCT INTL ETF	23908L405
IGEB	ISHARES TR	71,961	$3,313	1.3%	$44.52	—	INVESTMENT GRADE	46435G219
SPDW	SPDR INDEX SHS FDS	65,848	$2,818	1.1%	$33.22	—	PORTFOLIO DEVLPD	78463X889
FRDM	EA SERIES TRUST	61,912	$2,743	1.0%	$32.55	—	FREEDOM 100 EM	02072L607
BUFG	FIRST TR EXCHNG TRADED FD VI	101,523	$2,735	1.0%	$21.08	—	VEST BUFFERED	33740U778
BUFT	FIRST TR EXCHNG TRADED FD VI	110,924	$2,679	1.0%	$20.66	—	VEST BUFFERED	33740U760
VTI	VANGUARD INDEX FDS	8,134	$2,669	1.0%	$304.50	—	TOTAL STK MKT	922908769
SPMO	INVESCO EXCH TRADED FD TR II	21,504	$2,603	1.0%	$116.80	—	S&P 500 MOMNTM	46138E339
KOMP	SPDR SERIES TRUST	41,407	$2,578	1.0%	$45.83	—	S&P KENSHO NEW	78468R648
SECT	NORTHERN LTS FD TR IV	40,849	$2,574	1.0%	$46.35	—	MAIN SECTR ROTN	66538H591
FV	FIRST TR EXCHANGE TRADED FD	39,599	$2,452	0.9%	$51.78	—	DORSEY WRT 5 ETF	33738R605
EQAL	INVESCO EXCH TRADED FD TR II	46,323	$2,409	0.9%	$47.71	—	RUSEL 1000 EQL	46138E420
RCL	ROYAL CARIBBEAN GROUP	7,310	$2,365	0.9%	$145.43	+128.3%	COM	V7780T103
PTLC	PACER FDS TR	42,843	$2,346	0.9%	$45.25	—	TRENDP US LAR CP	69374H105
PHDG	INVESCO ACTIVELY MANAGED EXC	58,593	$2,182	0.8%	$35.08	—	S&P500 DOWNSID	46090A705
METC	RAMACO RES INC	61,900	$2,054	0.8%	$12.70	+83.0%	COM CL A	75134P600
IWB	ISHARES TR	5,193	$1,898	0.7%	$340.32	—	RUS 1000 ETF	464287622
SPSM	SPDR SERIES TRUST	39,142	$1,813	0.7%	$43.06	—	PORTFOLIO S&P600	78468R853
VBIL	VANGUARD INSTL INDEX FD	22,520	$1,703	0.7%	$75.62	—	0-3 MO TREAS BIL	922040845
DWLD	DAVIS FUNDAMENTAL ETF TR	37,437	$1,693	0.6%	$29.32	—	SELECT WRLD WI	23908L306
IWM	ISHARES TR	6,152	$1,489	0.6%	$211.26	—	RUSSELL 2000 ETF	464287655
XLK	SELECT SECTOR SPDR TR	4,447	$1,253	0.5%	$253.23	—	TECHNOLOGY	81369Y803
DJUL	FIRST TR EXCHNG TRADED FD VI	22,576	$1,054	0.4%	$41.41	—	FT VEST US EQT	33740F698
GSIE	GOLDMAN SACHS ETF TR	25,198	$1,036	0.4%	$31.35	—	ACTIVEBETA INT	381430107
DAUG	FIRST TR EXCHNG TRADED FD VI	23,537	$1,027	0.4%	$39.13	—	FT VEST U.S.	33740F854
IXN	ISHARES TR	8,091	$835	0.3%	$63.89	—	GLOBAL TECH ETF	464287291
SHLD	GLOBAL X FDS	11,847	$832	0.3%	$70.24	—	DEFENSE TECH ETF	37960A529
PIE	INVESCO EXCH TRADED FD TR II	33,948	$828	0.3%	$20.94	—	DORSEY WRGT EMRG	46138E867
JPST	J P MORGAN EXCHANGE TRADED F	16,149	$819	0.3%	$50.14	—	ULTRA SHRT ETF	46641Q837
TRAK	REPOSITRAK INC	54,072	$801	0.3%	$7.51	+130.9%	COM NEW	700215304
TSLA	TESLA INC	1,796	$799	0.3%	$346.84	0.0%	COM	88160R101
AAPL	APPLE INC	2,887	$735	0.3%	$175.38	+28.6%	COM	037833100
SPHQ	INVESCO EXCHANGE TRADED FD T	9,803	$718	0.3%	$54.32	—	S&P500 QUALITY	46137V241
ZION	ZIONS BANCORPORATION N A	12,655	$716	0.3%	$27.74	+100.6%	COM	989701107
XLI	SELECT SECTOR SPDR TR	4,601	$710	0.3%	$147.52	—	INDL	81369Y704
XLY	SELECT SECTOR SPDR TR	2,959	$709	0.3%	$239.64	—	SBI CONS DISCR	81369Y407
GUNR	FLEXSHARES TR	15,760	$690	0.3%	$38.81	—	MORNSTAR UPSTR	33939L407
VGT	VANGUARD WORLD FD	915	$683	0.3%	$442.16	—	INF TECH ETF	92204A702
DSEP	FIRST TR EXCHNG TRADED FD VI	15,046	$665	0.3%	$40.05	—	FT VEST US EQT	33740F680
BWZ	SPDR SERIES TRUST	23,081	$642	0.2%	$26.73	—	BLOOMBERG SHORT	78464A334
DFEB	FIRST TR EXCHNG TRADED FD VI	13,765	$641	0.2%	$42.15	—	FT VEST US	33740F771
IWD	ISHARES TR	2,994	$610	0.2%	$157.83	—	RUS 1000 VAL ETF	464287598
FTGC	FIRST TR EXCHANGE TRAD FD VI	23,086	$598	0.2%	$23.57	—	FST TR GLB FD	33739H101
VXUS	VANGUARD STAR FDS	7,488	$550	0.2%	$69.09	—	VG TL INTL STK F	921909768
GDX	VANECK ETF TRUST	6,471	$494	0.2%	$52.06	—	GOLD MINERS ETF	92189F106
RWO	SPDR INDEX SHS FDS	10,595	$485	0.2%	$44.14	—	DJ GLB RL ES ETF	78463X749
VLUE	ISHARES TR	3,396	$425	0.2%	$93.79	—	MSCI USA VALUE	46432F388
FTSM	FIRST TR EXCHANGE-TRADED FD	6,803	$408	0.2%	$59.41	—	FIRST TR ENH NEW	33739Q408
IDMO	INVESCO EXCH TRADED FD TR II	7,393	$399	0.2%	$44.16	—	S&P INTL MOMNT	46138E222
VOO	VANGUARD INDEX FDS	612	$375	0.1%	$423.37	—	S&P 500 ETF SHS	922908363
MTUM	ISHARES TR	1,457	$374	0.1%	$144.52	—	MSCI USA MMENTM	46432F396
META	META PLATFORMS INC	500	$367	0.1%	$443.21	+67.7%	CL A	30303M102
FLRN	SPDR SERIES TRUST	11,821	$365	0.1%	$30.74	—	BLOOMBERG INVT	78468R200
SHEL	SHELL PLC	5,099	$365	0.1%	$60.38	—	SPON ADS	780259305
IEF	ISHARES TR	3,736	$360	0.1%	$92.45	—	7-10 YR TRSY BD	464287440
DJUN	FIRST TR EXCHNG TRADED FD VI	7,330	$341	0.1%	$40.89	—	FT VEST US EQT	33740F714
CLNN	CLENE INC	52,260	$315	0.1%	$4.43	+7.1%	COM NEW	185634201
AVDE	AMERICAN CENTY ETF TR	3,910	$308	0.1%	$55.65	—	INTL EQT ETF	025072703
IMFL	INVESCO EXCH TRD SLF IDX FD	11,066	$306	0.1%	$24.87	—	INTL DEV DYNAMIC	46138J437
TRND	PACER FDS TR	7,188	$241	0.1%	$29.13	—	TRENDPILOT FD	69374H675
EFNL	ISHARES TR	5,613	$240	0.1%	$36.78	—	MSCI FINLAND ETF	46429B515
NORW	GLOBAL X FDS	7,705	$233	0.1%	$27.10	—	MSCI NORWAY ETF	37950E101
EWC	ISHARES INC	4,505	$228	0.1%	$41.50	—	MSCI CDA ETF	464286509
EWD	ISHARES INC	4,723	$223	0.1%	$42.08	—	MSCI SWEDEN ETF	464286756
EWL	ISHARES INC	4,004	$221	0.1%	$51.79	—	MSCI SWITZERLAND	464286749
SRVR	PACER FDS TR	6,935	$220	0.1%	$29.35	—	DATA AND INFRAST	69374H741
EWU	ISHARES TR	5,091	$214	0.1%	$39.72	—	MSCI UK ETF NEW	46435G334
EWN	ISHARES INC	3,669	$213	0.1%	$58.01	—	MSCI NETHERL ETF	464286814
EWA	ISHARES INC	7,640	$206	0.1%	$26.32	—	MSCI AUST ETF	464286103
SNFCA	SECURITY NATL FINL CORP	17,972	$156	0.1%	$7.00	+26.4%	CL A NEW	814785309
PDBC	INVESCO ACTVELY MNGD ETC FD	11,442	$154	0.1%	$12.99	—	OPTIMUM YIELD	46090F100
HCAT	HEALTH CATALYST INC	17,337	$49	0.0%	$11.91	-71.3%	COM	42225T107