Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VGIT	VANGUARD SCOTTSDALE FDS	270,146	$16.09M	0.9%	$59.55	—	INTER TERM TREAS	92206C706
VGLT	VANGUARD SCOTTSDALE FDS	69,922	$3.871M	0.2%	$55.35	—	LONG TERM TREAS	92206C847
PDBC	INVESCO ACTVELY MNGD ETC FD	168,991	$2.927M	0.2%	$17.32	—	OPTIMUM YIELD	46090F100
VGK	VANGUARD INTL EQUITY INDEX F	34,830	$2.871M	0.2%	$82.43	—	FTSE EUROPE ETF	922042874
IDMO	INVESCO EXCH TRADE	11,171	$613K	0.0%	$54.84	—	S&P INTL MOMNT	46138E222
FRDM	EA SERIES TRUST	8,116	$444K	0.0%	$54.65	—	FREEDOM 100 EM	02072L607
GLD	SPDR GOLD TR	14,500	$72,863	0.0%	—	—	PUT	78463V107

Increased Positions (16)

VUSB VANGUARD BD INDEX FDS 7.7%

Value $142M (+157.8%) Shares 2,853,597 (+158.1%) Est. Cost $49.81 Unrealized —

PULS PGIM ETF TR 8.7%

Value $160M (+102.9%) Shares 3,226,778 (+103.2%) Est. Cost $49.63 Unrealized —

VOO VANGUARD INDEX FDS 26.3%

Value $484M (+11.0%) Shares 809,879 (+17.4%) Est. Cost $570.08 Unrealized —

JPST J P MORGAN EXCHANGE TRADED F 5.5%

Value $101M (+71.1%) Shares 1,994,639 (+71.7%) Est. Cost $50.68 Unrealized —

FLOT ISHARES TR 4.2%

Value $77.69M (+40.2%) Shares 1,524,738 (+39.9%) Est. Cost $51.04 Unrealized —

VNLA JANUS DETROIT STR TR 5.0%

Value $92.42M (+25.2%) Shares 1,891,497 (+25.9%) Est. Cost $49.14 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 1.1%

Value $19.84M (+284.2%) Shares 338,906 (+285.7%) Est. Cost $58.60 Unrealized —

JAAA JANUS DETROIT STR TR 1.2%

Value $22.36M (+173.6%) Shares 443,949 (+174.6%) Est. Cost $50.44 Unrealized —

FLTR VANECK ETF TRUST 4.1%

Value $76.17M (+15.6%) Shares 2,989,379 (+15.4%) Est. Cost $25.52 Unrealized —

YEAR AB ACTIVE ETFS INC 2.0%

Value $36.33M (+39.0%) Shares 719,794 (+39.6%) Est. Cost $50.62 Unrealized —

VTI VANGUARD INDEX FDS 0.7%

Value $12.36M (+80.4%) Shares 38,539 (+90.0%) Est. Cost $326.29 Unrealized —

GSST GOLDMAN SACHS ETF TR 2.3%

Value $41.41M (+15.3%) Shares 819,238 (+15.6%) Est. Cost $50.60 Unrealized —

PYLD PIMCO ETF TR 2.4%

Value $44.29M (+11.7%) Shares 1,690,431 (+14.5%) Est. Cost $26.43 Unrealized —

HDV ISHARES TR 0.2%

Value $3.222M (+17.4%) Shares 23,739 (+5.7%) Est. Cost $123.17 Unrealized —

BKGI BNY MELLON ETF TRUST 0.2%

Value $3.06M (+16.6%) Shares 68,712 (+6.2%) Est. Cost $39.95 Unrealized —

EMHY ISHARES INC 0.1%

Value $2.229M (+3.2%) Shares 56,603 (+5.9%) Est. Cost $39.95 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VUSB	VANGUARD BD INDEX FDS	2,853,597 (+158.1%)	$142M (+157.8%)	7.7%	$49.81	—	VANGUARD ULTRA	92203C303
PULS	PGIM ETF TR	3,226,778 (+103.2%)	$160M (+102.9%)	8.7%	$49.63	—	PGIM ULTRA SH BD	69344A107
VOO	VANGUARD INDEX FDS	809,879 (+17.4%)	$484M (+11.0%)	26.3%	$570.08	—	S&P 500 ETF SHS	922908363
JPST	J P MORGAN EXCHANGE TRADED F	1,994,639 (+71.7%)	$101M (+71.1%)	5.5%	$50.68	—	ULTRA SHRT ETF	46641Q837
FLOT	ISHARES TR	1,524,738 (+39.9%)	$77.69M (+40.2%)	4.2%	$51.04	—	FLTG RATE NT ETF	46429B655
VNLA	JANUS DETROIT STR TR	1,891,497 (+25.9%)	$92.42M (+25.2%)	5.0%	$49.14	—	HENDRSN SHRT ETF	47103U886
VGSH	VANGUARD SCOTTSDALE FDS	338,906 (+285.7%)	$19.84M (+284.2%)	1.1%	$58.60	—	SHORT TERM TREAS	92206C102
JAAA	JANUS DETROIT STR TR	443,949 (+174.6%)	$22.36M (+173.6%)	1.2%	$50.44	—	HENDRSON AAA CL	47103U845
FLTR	VANECK ETF TRUST	2,989,379 (+15.4%)	$76.17M (+15.6%)	4.1%	$25.52	—	IG FLOATING RATE	92189F486
YEAR	AB ACTIVE ETFS INC	719,794 (+39.6%)	$36.33M (+39.0%)	2.0%	$50.62	—	ULTRA SHORT INCM	00039J103
VTI	VANGUARD INDEX FDS	38,539 (+90.0%)	$12.36M (+80.4%)	0.7%	$326.29	—	TOTAL STK MKT	922908769
GSST	GOLDMAN SACHS ETF TR	819,238 (+15.6%)	$41.41M (+15.3%)	2.3%	$50.60	—	ULTRA SHORT BOND	381430230
PYLD	PIMCO ETF TR	1,690,431 (+14.5%)	$44.29M (+11.7%)	2.4%	$26.43	—	MULTISECTOR BD	72201R585
HDV	ISHARES TR	23,739 (+5.7%)	$3.222M (+17.4%)	0.2%	$123.17	—	CORE HIGH DV ETF	46429B663
BKGI	BNY MELLON ETF TRUST	68,712 (+6.2%)	$3.06M (+16.6%)	0.2%	$39.95	—	GLOBAL INFRASCTR	09661T826
EMHY	ISHARES INC	56,603 (+5.9%)	$2.229M (+3.2%)	0.1%	$39.95	—	JP MRGN EM HI BD	464286285

Exited Positions (6)

MGK VANGUARD WORLD FD 5.9%

Value $109M Shares 261,800 Est. Cost $366.17 Unrealized —

VUG VANGUARD INDEX FDS 5.9%

Value $109M Shares 220,810 Est. Cost $438.98 Unrealized —

IWF ISHARES TR 5.8%

Value $107M Shares 224,830 Est. Cost $424.58 Unrealized —

VCSH VANGUARD SCOTTSDALE FDS 0.5%

Value $8.34M Shares 104,498 Est. Cost $79.81 Unrealized —

USIG ISHARES TR 0.4%

Value $6.73M Shares 129,603 Est. Cost $51.93 Unrealized —

CDX SIMPLIFY EXCHANGE TRADED FUN 0.3%

Value $4.874M Shares 218,669 Est. Cost $22.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MGK	VANGUARD WORLD FD	261,800	$109M	5.9%	$366.17	—	—	921910816
VUG	VANGUARD INDEX FDS	220,810	$109M	5.9%	$438.98	—	—	922908736
IWF	ISHARES TR	224,830	$107M	5.8%	$424.58	—	—	464287614
VCSH	VANGUARD SCOTTSDALE FDS	104,498	$8.34M	0.5%	$79.81	—	—	92206C409
USIG	ISHARES TR	129,603	$6.73M	0.4%	$51.93	—	—	464288620
CDX	SIMPLIFY EXCHANGE TRADED FUN	218,669	$4.874M	0.3%	$22.86	—	—	82889N830

Decreased Positions (11)

USHY ISHARES TR 4.4%

Value $81.73M (-43.0%) Shares 2,218,483 (-42.0%) Est. Cost $36.66 Unrealized —

QQQ INVESCO QQQ TR 10.9%

Value $200M (-13.8%) Shares 347,330 (-7.4%) Est. Cost $552.97 Unrealized —

SPSM SPDR SERIES TRUST 0.2%

Value $2.912M (-75.0%) Shares 60,272 (-75.4%) Est. Cost $47.44 Unrealized —

SPEM SPDR INDEX SHS FDS 0.2%

Value $2.921M (-73.7%) Shares 62,270 (-73.8%) Est. Cost $45.22 Unrealized —

HYLB DBX ETF TR 2.2%

Value $40.61M (-16.8%) Shares 1,122,962 (-15.1%) Est. Cost $36.22 Unrealized —

FLJP FRANKLIN TEMPLETON ETF TR 0.2%

Value $2.928M (-73.0%) Shares 80,941 (-74.2%) Est. Cost $33.65 Unrealized —

ANGL VANECK ETF TRUST 1.9%

Value $35.74M (-12.8%) Shares 1,244,430 (-10.8%) Est. Cost $28.75 Unrealized —

JSI JANUS DETROIT STR TR 0.7%

Value $13.63M (-26.4%) Shares 264,409 (-25.5%) Est. Cost $52.46 Unrealized —

SPHY SPDR SERIES TRUST 4.0%

Value $72.97M (-5.6%) Shares 3,128,978 (-4.1%) Est. Cost $23.37 Unrealized —

XCCC BONDBLOXX ETF TRUST 0.0%

Value $334K (-91.8%) Shares 9,167 (-91.5%) Est. Cost $39.21 Unrealized —

SGOL ETFS GOLD TR 0.6%

Value $11.02M (-4.1%) Shares 247,066 (-11.1%) Est. Cost $38.57 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
USHY	ISHARES TR	2,218,483 (-42.0%)	$81.73M (-43.0%)	4.4%	$36.66	—	BROAD USD HIGH	46435U853
QQQ	INVESCO QQQ TR	347,330 (-7.4%)	$200M (-13.8%)	10.9%	$552.97	—	UNIT SER 1	46090E103
SPSM	SPDR SERIES TRUST	60,272 (-75.4%)	$2.912M (-75.0%)	0.2%	$47.44	—	STATE STREET SPD	78468R853
SPEM	SPDR INDEX SHS FDS	62,270 (-73.8%)	$2.921M (-73.7%)	0.2%	$45.22	—	STATE STREET SPD	78463X509
HYLB	DBX ETF TR	1,122,962 (-15.1%)	$40.61M (-16.8%)	2.2%	$36.22	—	XTRACK USD HIGH	233051432
FLJP	FRANKLIN TEMPLETON ETF TR	80,941 (-74.2%)	$2.928M (-73.0%)	0.2%	$33.65	—	FTSE JAPAN ETF	35473P744
ANGL	VANECK ETF TRUST	1,244,430 (-10.8%)	$35.74M (-12.8%)	1.9%	$28.75	—	FALLEN ANGEL HG	92189F437
JSI	JANUS DETROIT STR TR	264,409 (-25.5%)	$13.63M (-26.4%)	0.7%	$52.46	—	HENDERSON SECURI	47103U746
SPHY	SPDR SERIES TRUST	3,128,978 (-4.1%)	$72.97M (-5.6%)	4.0%	$23.37	—	STATE STREET SPD	78468R606
XCCC	BONDBLOXX ETF TRUST	9,167 (-91.5%)	$334K (-91.8%)	0.0%	$39.21	—	CCC RT USD HI YL	09789C887
SGOL	ETFS GOLD TR	247,066 (-11.1%)	$11.02M (-4.1%)	0.6%	$38.57	—	PHYSCL GOLD SHS	00326A104

Unchanged Positions (8)

JHHY JOHN HANCOCK EXCHANGE TRADED 0.2%

Value $4.443M Shares 175,281 Est. Cost $13.97 Unrealized —

IGIB ISHARES TR 0.2%

Value $2.792M Shares 52,464 Est. Cost $54.08 Unrealized —

EMB ISHARES TR 0.1%

Value $1.546M Shares 16,462 Est. Cost $93.83 Unrealized —

SPYV SPDR SERIES TRUST 0.1%

Value $2.37M Shares 41,880 Est. Cost $55.33 Unrealized —

BKUI BNY MELLON ETF TRUST 0.4%

Value $6.906M Shares 138,713 Est. Cost $49.87 Unrealized —

NUSB NUSHARES ETF TR 0.1%

Value $2.545M Shares 100,700 Est. Cost $25.34 Unrealized —

CGUI CAPITAL GRP FIXED INCM ETF T 0.3%

Value $4.675M Shares 184,915 Est. Cost $25.28 Unrealized —

NSCI NUSHARES ETF TR 0.1%

Value $1.259M Shares 50,000 Est. Cost $25.15 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JHHY	JOHN HANCOCK EXCHANGE TRADED	175,281	$4.443M	0.2%	$13.97	—	HIGH YIELD ETF	47804J719
IGIB	ISHARES TR	52,464	$2.792M	0.2%	$54.08	—	ISHS 5-10YR INVT	464288638
EMB	ISHARES TR	16,462	$1.546M	0.1%	$93.83	—	JPMORGAN USD EMG	464288281
SPYV	SPDR SERIES TRUST	41,880	$2.37M	0.1%	$55.33	—	STATE STREET SPD	78464A508
BKUI	BNY MELLON ETF TRUST	138,713	$6.906M	0.4%	$49.87	—	ULTRA SHORT INCM	09661T859
NUSB	NUSHARES ETF TR	100,700	$2.545M	0.1%	$25.34	—	NUVEEN ULTRA SHT	67092P755
CGUI	CAPITAL GRP FIXED INCM ETF T	184,915	$4.675M	0.3%	$25.28	—	ULTRA SHORT INCO	14020Y888
NSCI	NUSHARES ETF TR	50,000	$1.259M	0.1%	$25.15	—	NUVEEN SECURITIZ	67092P698