IF Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JAAA	Janus Detroit Street Trust	46,940	$2,364	1.7%	$50.37	—	Janus Henderson AAA CLO ETF	47103U845
DFAC	Dimensional ETF Trust	34,487	$1,340	0.9%	$38.86	—	Dimensional U.S. Core Equity 2 ETF	25434V708
AVUS	American Century ETF Trust	9,977	$1,109	0.8%	$111.18	—	Avantis U.S. Equity ETF	025072885
SCHD	Schwab Strategic Trust	30,304	$930	0.7%	$30.68	—	Schwab U.S. Dividend Equity ETF	808524797
DFIC	Dimensional ETF Trust	25,700	$913	0.6%	$35.53	—	Dimensional International Core Equity 2 ETF	25434V799
SCHY	Schwab Strategic Trust	20,860	$660	0.5%	$31.66	—	Schwab International Dividend Equity ETF	808524672
DFEM	Dimensional ETF Trust	13,525	$467	0.3%	$34.55	—	Dimensional Emerging Markets Core 2 ETF	25434V732
CALF	Pacer Funds Trust	8,850	$397	0.3%	$44.87	—	Pacer US Small Cap Cash Cows 100 ETF	69374H857
IEFA	iShares Trust	4,065	$368	0.3%	$90.53	—	iShares Core MSCI EAFE ETF	46432F842
SLYV	SPDR Series Trust	3,823	$362	0.3%	$94.58	—	SPDR S&P 600 Small Cap Value ETF	78464A300
AVIV	American Century ETF Trust	4,164	$312	0.2%	$74.83	—	Avantis International Large Cap Value ETF	025072364
SCHV	Schwab Strategic Trust	9,680	$295	0.2%	$30.50	—	Schwab U.S. Large-Cap Value ETF	808524409
—	SPDR Series Trust	3,150	$289	0.2%	$91.64	—	SPDR Bloomberg 1-3 Month T-Bill ETF	78464A680

Increased Positions (18)

VTI Vanguard Index Funds 3.0%

Value ($000) $4,212 (+778.0%) Shares 13,130 (+817.5%) Est. Cost $322.39 Unrealized —

VEA Vanguard Index Funds 10.1%

Value ($000) $14,267 (+16.6%) Shares 222,644 (+13.7%) Est. Cost $62.66 Unrealized —

SCHX Schwab Strategic Trust 2.3%

Value ($000) $3,204 (+49.9%) Shares 124,975 (+57.4%) Est. Cost $26.45 Unrealized —

VO Vanguard Index Funds 7.1%

Value ($000) $10,112 (+8.9%) Shares 35,213 (+10.1%) Est. Cost $289.94 Unrealized —

SCHF Schwab Strategic Trust 1.9%

Value ($000) $2,684 (+42.5%) Shares 108,455 (+38.4%) Est. Cost $24.24 Unrealized —

AVLV American Century ETF Trust 1.5%

Value ($000) $2,166 (+47.2%) Shares 26,873 (+38.3%) Est. Cost $77.11 Unrealized —

SCHM Schwab Strategic Trust 1.1%

Value ($000) $1,549 (+64.2%) Shares 50,042 (+59.5%) Est. Cost $30.40 Unrealized —

SUB iShares Trust 3.2%

Value ($000) $4,526 (+13.5%) Shares 42,500 (+13.7%) Est. Cost $106.68 Unrealized —

AVUV American Century ETF Trust 2.6%

Value ($000) $3,665 (+16.6%) Shares 33,172 (+7.7%) Est. Cost $102.59 Unrealized —

VTES Vanguard Municipal Bond Funds 3.2%

Value ($000) $4,501 (+10.8%) Shares 44,500 (+11.3%) Est. Cost $101.53 Unrealized —

VWO Vanguard Index Funds 5.0%

Value ($000) $7,042 (+6.1%) Shares 130,286 (+5.5%) Est. Cost $53.78 Unrealized —

IEMG iShares Trust 0.4%

Value ($000) $577 (+185.5%) Shares 8,279 (+175.1%) Est. Cost $68.83 Unrealized —

IEI iShares Trust 2.7%

Value ($000) $3,798 (+5.8%) Shares 32,025 (+6.5%) Est. Cost $119.30 Unrealized —

SHY iShares Trust 1.9%

Value ($000) $2,631 (+6.4%) Shares 31,869 (+6.7%) Est. Cost $82.80 Unrealized —

VB Vanguard Index Funds 3.2%

Value ($000) $4,588 (+2.7%) Shares 17,518 (+1.1%) Est. Cost $257.99 Unrealized —

BND Vanguard Bond Index Funds 3.7%

Value ($000) $5,262 (+2.2%) Shares 71,461 (+2.8%) Est. Cost $74.06 Unrealized —

IEF iShares Trust 0.8%

Value ($000) $1,071 (+11.1%) Shares 11,219 (+12.0%) Est. Cost $96.08 Unrealized —

VBR Vanguard Index Funds 1.5%

Value ($000) $2,067 (+4.9%) Shares 9,516 (+2.2%) Est. Cost $211.91 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTI	Vanguard Index Funds	13,130 (+817.5%)	$4,212 (+778.0%)	3.0%	$322.39	—	Vanguard Total Stock Market ETF	922908769
VEA	Vanguard Index Funds	222,644 (+13.7%)	$14,267 (+16.6%)	10.1%	$62.66	—	Vanguard FTSE Developed Markets ETF	921943858
SCHX	Schwab Strategic Trust	124,975 (+57.4%)	$3,204 (+49.9%)	2.3%	$26.45	—	Schwab U.S. Large-Cap ETF	808524201
VO	Vanguard Index Funds	35,213 (+10.1%)	$10,112 (+8.9%)	7.1%	$289.94	—	Vanguard Mid-Cap ETF	922908629
SCHF	Schwab Strategic Trust	108,455 (+38.4%)	$2,684 (+42.5%)	1.9%	$24.24	—	Schwab International Equity ETF	808524805
AVLV	American Century ETF Trust	26,873 (+38.3%)	$2,166 (+47.2%)	1.5%	$77.11	—	Avantis U.S. Large Cap Value ETF	025072349
SCHM	Schwab Strategic Trust	50,042 (+59.5%)	$1,549 (+64.2%)	1.1%	$30.40	—	Schwab U.S. Mid-Cap ETF	808524508
SUB	iShares Trust	42,500 (+13.7%)	$4,526 (+13.5%)	3.2%	$106.68	—	iShares Short-Term National Muni Bond ETF	464288158
AVUV	American Century ETF Trust	33,172 (+7.7%)	$3,665 (+16.6%)	2.6%	$102.59	—	Avantis U.S. Small Cap Value ETF	025072877
VTES	Vanguard Municipal Bond Funds	44,500 (+11.3%)	$4,501 (+10.8%)	3.2%	$101.53	—	Vanguard Short-Term Tax-Exempt Bond ETF	921935870
VWO	Vanguard Index Funds	130,286 (+5.5%)	$7,042 (+6.1%)	5.0%	$53.78	—	Vanguard FTSE Emerging Markets ETF	922042858
IEMG	iShares Trust	8,279 (+175.1%)	$577 (+185.5%)	0.4%	$68.83	—	iShares Core MSCI Emerging Markets ETF	46434G103
IEI	iShares Trust	32,025 (+6.5%)	$3,798 (+5.8%)	2.7%	$119.30	—	iShares 3-7 Year Treasury Bond ETF	464288661
SHY	iShares Trust	31,869 (+6.7%)	$2,631 (+6.4%)	1.9%	$82.80	—	iShares 1-3 Year Treasury Bond ETF	464287457
VB	Vanguard Index Funds	17,518 (+1.1%)	$4,588 (+2.7%)	3.2%	$257.99	—	Vanguard Small-Cap ETF	922908751
BND	Vanguard Bond Index Funds	71,461 (+2.8%)	$5,262 (+2.2%)	3.7%	$74.06	—	Vanguard Total Bond Market ETF	921937835
IEF	iShares Trust	11,219 (+12.0%)	$1,071 (+11.1%)	0.8%	$96.08	—	iShares 7-10 Year Treasury Bond ETF	464287440
VBR	Vanguard Index Funds	9,516 (+2.2%)	$2,067 (+4.9%)	1.5%	$211.91	—	Vanguard Small-Cap Value ETF	922908611

Exited Positions (1)

AMZN Amazon.com Inc 0.2%

Value ($000) $293 Shares 1,268 Est. Cost $228.79 Unrealized -0.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	Amazon.com Inc	1,268	$293	0.2%	$228.79	-0.9%	—	023135106

Decreased Positions (7)

VV Vanguard Index Funds 10.4%

Value ($000) $14,671 (-12.5%) Shares 49,091 (-7.8%) Est. Cost $314.80 Unrealized —

TSLA Tesla Inc 0.7%

Value ($000) $1,041 (-48.1%) Shares 2,799 (-37.3%) Est. Cost $443.29 Unrealized -3.9%

BRK/B Berkshire Hathaway Inc Del 3.9%

Value ($000) $5,546 (-11.5%) Shares 11,573 (-7.2%) Est. Cost $497.53 Unrealized -0.8%

JMST JPMorgan Trust I 5.7%

Value ($000) $8,055 (-7.4%) Shares 158,000 (-7.5%) Est. Cost $50.94 Unrealized —

CMC Commercial Metals Co 0.2%

Value ($000) $217 (-49.0%) Shares 3,536 (-42.6%) Est. Cost $62.39 Unrealized +23.3%

OKLO Oklo Inc 0.2%

Value ($000) $220 (-44.1%) Shares 4,443 (-19.1%) Est. Cost $111.52 Unrealized -28.0%

VNQ Vanguard Specialized Funds 2.6%

Value ($000) $3,635 (-2.2%) Shares 40,981 (-2.4%) Est. Cost $88.49 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VV	Vanguard Index Funds	49,091 (-7.8%)	$14,671 (-12.5%)	10.4%	$314.80	—	Vanguard Large-Cap ETF	922908637
TSLA	Tesla Inc	2,799 (-37.3%)	$1,041 (-48.1%)	0.7%	$443.29	-3.9%	Common Stock	88160R101
BRK/B	Berkshire Hathaway Inc Del	11,573 (-7.2%)	$5,546 (-11.5%)	3.9%	$497.53	-0.8%	Class B Common Stock	084670702
JMST	JPMorgan Trust I	158,000 (-7.5%)	$8,055 (-7.4%)	5.7%	$50.94	—	JPMorgan Ultra-Short Municipal Income ETF	46641Q654
CMC	Commercial Metals Co	3,536 (-42.6%)	$217 (-49.0%)	0.2%	$62.39	+23.3%	Common Stock	201723103
OKLO	Oklo Inc	4,443 (-19.1%)	$220 (-44.1%)	0.2%	$111.52	-28.0%	Class A Common Stock	02156V109
VNQ	Vanguard Specialized Funds	40,981 (-2.4%)	$3,635 (-2.2%)	2.6%	$88.49	—	Vanguard Real Estate ETF	922908553

Unchanged Positions (15)

XOM Exxon Mobil Corp 1.4%

Value ($000) $1,941 Shares 11,442 Est. Cost $115.49 Unrealized +20.1%

EFV iShares Trust 3.3%

Value ($000) $4,694 Shares 63,138 Est. Cost $71.41 Unrealized —

VTV Vanguard Index Funds 3.7%

Value ($000) $5,269 Shares 26,854 Est. Cost $190.99 Unrealized —

SCHA Schwab Strategic Trust 1.7%

Value ($000) $2,418 Shares 83,149 Est. Cost $28.48 Unrealized —

GOOG Alphabet Inc 0.3%

Value ($000) $366 Shares 1,275 Est. Cost $286.33 Unrealized +13.0%

NVDA NVIDIA Corp 0.3%

Value ($000) $433 Shares 2,482 Est. Cost $186.13 Unrealized +0.3%

VOO Vanguard Index Funds 0.4%

Value ($000) $577 Shares 965 Est. Cost $627.13 Unrealized —

SCHH Schwab Strategic Trust 0.5%

Value ($000) $708 Shares 32,945 Est. Cost $20.89 Unrealized —

HTH Hilltop Holdings Inc 0.2%

Value ($000) $244 Shares 6,800 Est. Cost $33.55 Unrealized +10.7%

IWM iShares Trust 1.1%

Value ($000) $1,513 Shares 6,101 Est. Cost $246.16 Unrealized —

IVV iShares Trust 0.2%

Value ($000) $231 Shares 353 Est. Cost $684.94 Unrealized —

VTEB Vanguard Municipal Bond Funds 0.6%

Value ($000) $798 Shares 16,000 Est. Cost $50.29 Unrealized —

VXUS Vanguard Index Funds 0.2%

Value ($000) $263 Shares 3,406 Est. Cost $75.44 Unrealized —

SCHE Schwab Strategic Trust 0.5%

Value ($000) $639 Shares 19,402 Est. Cost $32.75 Unrealized —

EZM WisdomTree Trust 0.2%

Value ($000) $253 Shares 3,765 Est. Cost $66.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XOM	Exxon Mobil Corp	11,442	$1,941	1.4%	$115.49	+20.1%	Common Stock	30231G102
EFV	iShares Trust	63,138	$4,694	3.3%	$71.41	—	iShares MSCI EAFE Value ETF	464288877
VTV	Vanguard Index Funds	26,854	$5,269	3.7%	$190.99	—	Vanguard Value ETF	922908744
SCHA	Schwab Strategic Trust	83,149	$2,418	1.7%	$28.48	—	Schwab U.S. Small-Cap ETF	808524607
GOOG	Alphabet Inc	1,275	$366	0.3%	$286.33	+13.0%	Class C Capital Stock	02079K107
NVDA	NVIDIA Corp	2,482	$433	0.3%	$186.13	+0.3%	Common Stock	67066G104
VOO	Vanguard Index Funds	965	$577	0.4%	$627.13	—	Vanguard S&P 500 ETF	922908363
SCHH	Schwab Strategic Trust	32,945	$708	0.5%	$20.89	—	Schwab U.S. REIT ETF	808524847
HTH	Hilltop Holdings Inc	6,800	$244	0.2%	$33.55	+10.7%	Common Stock	432748101
IWM	iShares Trust	6,101	$1,513	1.1%	$246.16	—	iShares Russell 2000 ETF	464287655
IVV	iShares Trust	353	$231	0.2%	$684.94	—	iShares Core S&P 500 ETF	464287200
VTEB	Vanguard Municipal Bond Funds	16,000	$798	0.6%	$50.29	—	Vanguard Tax-Exempt Bond ETF	922907746
VXUS	Vanguard Index Funds	3,406	$263	0.2%	$75.44	—	Vanguard Total International Stock ETF	921909768
SCHE	Schwab Strategic Trust	19,402	$639	0.5%	$32.75	—	Schwab Emerging Markets Equity ETF	808524706
EZM	WisdomTree Trust	3,765	$253	0.2%	$66.80	—	WisdomTree U.S. MidCap Fund	97717W570