Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNK	SPDR SER TR	3,742,600	$355M	17.4%	$91.89	—	BLOOMBERG HIGH Y	78468R622
HYG	ISHARES TR	2,406,500	$186M	9.1%	$74.95	—	IBOXX HI YD ETF	464288513
USHY	ISHARES TR	5,010,100	$182M	8.9%	$35.63	—	BROAD USD HIGH	46435U853
SJNK	SPDR SER TR	5,123,600	$129M	6.3%	$24.68	—	BLOOMBERG SHT TE	78468R408
EMB	ISHARES TR	1,148,500	$102M	5.0%	$89.06	—	JPMORGAN USD EMG	464288281
HYLB	DBX ETF TR	2,198,800	$78.17M	3.8%	$34.53	—	XTRACK USD HIGH	233051432
VEA	VANGUARD TAX-MANAGED FDS	1,577,677	$75.57M	3.7%	$47.90	—	VAN FTSE DEV MKT	921943858
LQD	ISHARES TR	574,126	$63.53M	3.1%	$110.66	—	IBOXX INV CP ETF	464287242
SHYG	ISHARES TR	1,459,500	$61.62M	3.0%	$41.45	—	0-5YR HI YL CP	46434V407
PFF	ISHARES TR	1,880,431	$58.65M	2.9%	$31.19	—	PFD AND INCM SEC	464288687
SPHY	SPDR SER TR	2,014,076	$47.09M	2.3%	$22.68	—	PORTFLI HIGH YLD	78468R606
TLT	ISHARES TR	471,300	$46.6M	2.3%	$98.88	—	20 YR TR BD ETF	464287432
SRLN	SSGA ACTIVE ETF TR	1,043,300	$43.75M	2.1%	$41.88	—	BLACKSTONE SENR	78467V608
AMLP	ALPS ETF TR	931,640	$39.61M	1.9%	$42.22	—	ALERIAN MLP	00162Q452
BKLN	INVESCO EXCH TRADED FD TR II	1,750,395	$37.07M	1.8%	$20.86	—	SR LN ETF	46138G508
PZA	INVESCO EXCH TRADED FD TR II	1,273,100	$30.78M	1.5%	$24.18	—	NATL AMT MUNI	46138E537
CWB	SPDR SER TR	407,478	$29.4M	1.4%	$72.15	—	BBG CONV SEC ETF	78464A359
EMLC	VANECK ETF TRUST	1,038,100	$26.32M	1.3%	$25.35	—	JP MRGAN EM LOC	92189H300
ANGL	VANECK ETF TRUST	913,400	$26.29M	1.3%	$27.06	—	FALLEN ANGEL HG	92189F437
JAAA	JANUS DETROIT STR TR	499,200	$25.11M	1.2%	$50.33	—	HENDRSON AAA CL	47103U845
VUG	VANGUARD INDEX FDS	77,064	$23.96M	1.2%	$252.88	—	GROWTH ETF	922908736
DIA	SPDR DOW JONES INDL AVERAGE	62,552	$23.57M	1.2%	$331.77	—	UT SER 1	78467X109
QQQ	INVESCO QQQ TR	57,089	$23.38M	1.1%	$322.57	—	UNIT SER 1	46090E103
FALN	ISHARES TR	799,500	$21.11M	1.0%	$24.80	—	FALN ANGLS USD	46435G474
JEPI	J P MORGAN EXCHANGE TRADED F	356,519	$19.6M	1.0%	$54.50	—	EQUITY PREMIUM	46641Q332
JEPQ	J P MORGAN EXCHANGE TRADED F	376,307	$18.79M	0.9%	$48.47	—	NASDAQ EQT PREM	46654Q203
MUB	ISHARES TR	172,900	$18.74M	0.9%	$108.41	—	NATIONAL MUN ETF	464288414
QUAL	ISHARES TR	125,681	$18.49M	0.9%	$139.33	—	MSCI USA QLT FCT	46432F339
VOO	VANGUARD INDEX FDS	40,852	$17.84M	0.9%	$362.71	—	S&P 500 ETF SHS	922908363
EPI	WISDOMTREE TR	403,801	$16.56M	0.8%	$39.90	—	INDIA ERNGS FD	97717W422
HYMB	SPDR SER TR	601,500	$15.22M	0.7%	$25.30	—	NUVEEN BLOOMBERG	78464A284
HYD	VANECK ETF TRUST	293,200	$15.14M	0.7%	$51.63	—	HIGH YLD MUNIETF	92189H409
FPE	FIRST TR EXCH TRADED FD III	880,528	$14.85M	0.7%	$16.26	—	PFD SECS INC ETF	33739E108
USMV	ISHARES TR	189,452	$14.78M	0.7%	$72.74	—	MSCI USA MIN VOL	46429B697
BSJP	INVESCO EXCH TRD SLF IDX FD	550,700	$12.52M	0.6%	$22.48	—	BULSHS 2025 HY	46138J817
IGOV	ISHARES TR	223,700	$9.246M	0.5%	$41.33	—	INTL TREA BD ETF	464288117
ITA	ISHARES TR	68,736	$8.702M	0.4%	$126.60	—	US AER DEF ETF	464288760
KRE	SPDR SER TR	163,355	$8.565M	0.4%	$52.43	—	S&P REGL BKG	78464A698
BNDX	VANGUARD CHARLOTTE FDS	171,100	$8.446M	0.4%	$49.37	—	TOTAL INT BD ETF	92203J407
XLF	SELECT SECTOR SPDR TR	211,271	$7.944M	0.4%	$34.21	—	FINANCIAL	81369Y605
PHYL	PGIM ETF TR	224,700	$7.817M	0.4%	$34.30	—	ACTV HY BD ETF	69344A206
XLC	SELECT SECTOR SPDR TR	103,196	$7.498M	0.4%	$58.19	—	COMMUNICATION	81369Y852
VTEB	VANGUARD MUN BD FDS	145,400	$7.423M	0.4%	$51.05	—	TAX EXEMPT BD	922907746
HYGV	FLEXSHARES TR	138,100	$5.644M	0.3%	$40.44	—	HIG YLD VL ETF	33939L662
HYLS	FIRST TR EXCHANGE-TRADED FD	126,200	$5.246M	0.3%	$39.27	—	FIRST TR TA HIYL	33738D408
FLTR	VANECK ETF TRUST	207,000	$5.206M	0.3%	$25.29	—	IG FLOATING RATE	92189F486
VRP	INVESCO EXCH TRADED FD TR II	224,800	$5.188M	0.3%	$22.81	—	VAR RATE PFD	46138G870
VGK	VANGUARD INTL EQUITY INDEX F	79,713	$5.14M	0.3%	$64.48	—	FTSE EUROPE ETF	922042874
BSJO	INVESCO EXCH TRD SLF IDX FD	209,800	$4.766M	0.2%	$22.48	—	BULSHS 2024 HY	46138J833
IYR	ISHARES TR	45,511	$4.16M	0.2%	$91.41	—	U.S. REAL ES ETF	464287739
—	ISHARES TR	169,900	$3.943M	0.2%	$23.20	—	IBONDS 24 TRM HG	46435U184
LONZ	PIMCO ETF TR	74,800	$3.776M	0.2%	$50.30	—	SR LN ACTIVE ETF	72201R627
FLBL	FRANKLIN TEMPLETON ETF TR	101,900	$2.475M	0.1%	$24.05	—	SENIOR LOAN ETF	35473P595
FLRN	SPDR SER TR	69,100	$2.114M	0.1%	$30.72	—	BLOOMBERG INVT	78468R200
BBHY	J P MORGAN EXCHANGE TRADED F	45,400	$2.085M	0.1%	$43.88	—	BETABUILDERS USD	46641Q878
CLOI	VANECK ETF TRUST	25,200	$1.314M	0.1%	$52.16	—	CLO ETF	92189H748
FLRT	PACER FDS TR	22,336	$1.053M	0.1%	$46.68	—	PAC ASSET FLTG	69374H428
BKHY	BNY MELLON ETF TRUST	22,000	$1.042M	0.1%	$46.19	—	HIGH YIELD BETA	09661T800
VCLT	VANGUARD SCOTTSDALE FDS	10,762	$863K	0.0%	$80.15	—	LG-TERM COR BD	92206C813
JMHI	J P MORGAN EXCHANGE TRADED F	11,800	$585K	0.0%	$49.60	—	HIGH YIELD MUNI	46654Q799
IJR	ISHARES TR	4,021	$435K	0.0%	$108.25	—	CORE S&P SCP ETF	464287804
YLD	PRINCIPAL EXCHANGE TRADED FD	21,978	$415K	0.0%	$18.86	—	ACTIVE HIGH YL	74255Y102
VOT	VANGUARD INDEX FDS	1,734	$381K	0.0%	$219.57	—	MCAP GR IDXVIP	922908538
CLOA	BLACKROCK ETF TRUST II	6,900	$354K	0.0%	$51.30	—	AAA CLO ETF	092528504
PFRL	PGIM ETF TR	5,842	$294K	0.0%	$50.26	—	FLOATING RT INC	69344A883
VWO	VANGUARD INTL EQUITY INDEX F	6,475	$266K	0.0%	$41.10	—	FTSE EMR MKT ETF	922042858
VXF	VANGUARD INDEX FDS	1,538	$253K	0.0%	$164.42	—	EXTEND MKT ETF	922908652
CLOZ	SERIES PORTFOLIOS TR	8,952	$236K	0.0%	$26.14	—	PANAGRAM BBB B	81752T528