VALLEY FORGE INVESTMENT CONSULTANTS INC ADV Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IEFA	ISHARES TR	550,722 (+1.1%)	$49,268 (+3.6%)	14.3%	$73.29	—	CORE MSCI EAFE	46432F842
GOOGL	ALPHABET INC	7,354 (+27.2%)	$2,302 (+63.8%)	0.7%	$152.07	+87.8%	CAP STK CL A	02079K305
SCHF	SCHWAB STRATEGIC TR	326,461 (+2.2%)	$7,848 (+5.6%)	2.3%	$26.95	—	INTL EQTY ETF	808524805
SCHM	SCHWAB STRATEGIC TR	288,759 (+1.4%)	$8,683 (+2.9%)	2.5%	$41.66	—	US MID-CAP ETF	808524508
SCHD	SCHWAB STRATEGIC TR	140,021 (+6.2%)	$3,841 (+6.7%)	1.1%	$42.02	—	US DIVIDEND EQ	808524797
SCHA	SCHWAB STRATEGIC TR	198,536 (+1.5%)	$5,654 (+3.6%)	1.6%	$44.30	—	US SML CAP ETF	808524607
AGG	ISHARES TR	58,473 (+3.7%)	$5,840 (+3.3%)	1.7%	$100.05	—	CORE US AGGBD ET	464287226
VOT	VANGUARD INDEX FDS	1,903 (+35.4%)	$531 (+28.7%)	0.2%	$252.99	—	MCAP GR IDXVIP	922908538
VIG	VANGUARD SPECIALIZED FUNDS	9,612 (+2.2%)	$2,113 (+4.1%)	0.6%	$152.63	—	DIV APP ETF	921908844
SCHO	SCHWAB STRATEGIC TR	9,997 (+19.2%)	$244 (+19.1%)	0.1%	$24.40	—	SHT TM US TRES	808524862
VWO	VANGUARD INTL EQUITY INDEX F	26,911 (+3.2%)	$1,447 (+2.4%)	0.4%	$47.17	—	FTSE EMR MKT ETF	922042858
IEMG	ISHARES INC	15,073 (+1.2%)	$1,013 (+3.2%)	0.3%	$56.91	—	CORE MSCI EMKT	46434G103
ISTB	ISHARES TR	5,769 (+1.4%)	$281 (+1.2%)	0.1%	$47.69	—	CORE 1 5 YR USD	46432F859
IBDT	ISHARES TR	13,247 (+1.1%)	$337 (+0.9%)	0.1%	$24.93	—	IBDS DEC28 ETF	46435U515
IBDS	ISHARES TR	13,765 (+1.1%)	$334 (+0.8%)	0.1%	$23.82	—	IBONDS 27 ETF	46435UAA9
IBDR	ISHARES TR	13,672 (+1.0%)	$331 (+0.8%)	0.1%	$23.87	—	IBONDS DEC2026	46435GAA0
VCIT	VANGUARD SCOTTSDALE FDS	2,551 (+1.6%)	$214 (+1.1%)	0.1%	$81.83	—	INT-TERM CORP	92206C870
SCHE	SCHWAB STRATEGIC TR	15,981 (+1.5%)	$523 (-0.4%)	0.2%	$28.97	—	EMRG MKTEQ ETF	808524706
VGIT	VANGUARD SCOTTSDALE FDS	3,484 (+1.2%)	$209 (+1.1%)	0.1%	$59.41	—	INTER TERM TREAS	92206C706

Exited Positions (6)

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.2%

Value ($000) $620 Shares 2,219 Est. Cost $226.49 Unrealized —

GE GE AEROSPACE 0.1%

Value ($000) $464 Shares 1,544 Est. Cost $272.69 Unrealized +10.3%

— ISHARES TR 0.1%

Value ($000) $326 Shares 12,947 Est. Cost $24.82 Unrealized —

BA BOEING CO 0.1%

Value ($000) $272 Shares 1,258 Est. Cost $225.47 Unrealized -8.8%

BCI ABRDN ETFS 0.1%

Value ($000) $206 Shares 9,560 Est. Cost $21.54 Unrealized —

PM PHILIP MORRIS INTL INC 0.1%

Value ($000) $202 Shares 1,248 Est. Cost $109.82 Unrealized +39.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	2,219	$620	0.2%	$226.49	—	—	874039100
GE	GE AEROSPACE	1,544	$464	0.1%	$272.69	+10.3%	—	369604301
—	ISHARES TR	12,947	$326	0.1%	$24.82	—	—	46434VBD1
BA	BOEING CO	1,258	$272	0.1%	$225.47	-8.8%	—	097023105
BCI	ABRDN ETFS	9,560	$206	0.1%	$21.54	—	—	003261104
PM	PHILIP MORRIS INTL INC	1,248	$202	0.1%	$109.82	+39.8%	—	718172109

Decreased Positions (17)

IVV ISHARES TR 37.3%

Value ($000) $128,123 (+1.0%) Shares 187,057 (-1.3%) Est. Cost $439.88 Unrealized —

VTEB VANGUARD MUN BD FDS 0.3%

Value ($000) $1,146 (-45.8%) Shares 22,796 (-46.1%) Est. Cost $50.50 Unrealized —

NVDA NVIDIA CORPORATION 0.2%

Value ($000) $690 (-57.6%) Shares 3,700 (-57.6%) Est. Cost $116.96 Unrealized +59.1%

AAPL APPLE INC 0.4%

Value ($000) $1,531 (-18.2%) Shares 5,630 (-23.3%) Est. Cost $136.95 Unrealized +95.9%

SCHZ SCHWAB STRATEGIC TR 0.2%

Value ($000) $603 (-31.7%) Shares 25,810 (-31.4%) Est. Cost $36.81 Unrealized —

IAU ISHARES GOLD TR 0.1%

Value ($000) $302 (-41.2%) Shares 3,722 (-47.3%) Est. Cost $53.91 Unrealized —

MSFT MICROSOFT CORP 0.1%

Value ($000) $505 (-27.7%) Shares 1,045 (-22.5%) Est. Cost $340.12 Unrealized +47.2%

META META PLATFORMS INC 0.1%

Value ($000) $360 (-34.0%) Shares 546 (-26.6%) Est. Cost $497.55 Unrealized +34.1%

IJS ISHARES TR 0.1%

Value ($000) $284 (-33.8%) Shares 2,498 (-35.7%) Est. Cost $82.79 Unrealized —

AMZN AMAZON COM INC 0.2%

Value ($000) $539 (-20.4%) Shares 2,333 (-24.3%) Est. Cost $162.52 Unrealized +40.8%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $283 (-16.0%) Shares 563 (-16.0%) Est. Cost $297.42 Unrealized +67.3%

CB CHUBB LIMITED 0.2%

Value ($000) $624 (+8.8%) Shares 2,000 (-1.6%) Est. Cost $132.35 Unrealized +120.9%

GOOG ALPHABET INC 0.3%

Value ($000) $1,028 (+4.8%) Shares 3,275 (-18.7%) Est. Cost $130.62 Unrealized +119.2%

EFAV ISHARES TR 0.4%

Value ($000) $1,353 (-2.9%) Shares 15,686 (-4.5%) Est. Cost $74.64 Unrealized —

IUSG ISHARES TR 0.4%

Value ($000) $1,530 (-2.0%) Shares 9,108 (-4.0%) Est. Cost $87.57 Unrealized —

SCHG SCHWAB STRATEGIC TR 0.8%

Value ($000) $2,582 (+0.4%) Shares 79,142 (-1.8%) Est. Cost $44.33 Unrealized —

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $202 (-3.3%) Shares 626 (-5.3%) Est. Cost $184.17 Unrealized +68.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IVV	ISHARES TR	187,057 (-1.3%)	$128,123 (+1.0%)	37.3%	$439.88	—	CORE S&P500 ETF	464287200
VTEB	VANGUARD MUN BD FDS	22,796 (-46.1%)	$1,146 (-45.8%)	0.3%	$50.50	—	TAX EXEMPT BD	922907746
NVDA	NVIDIA CORPORATION	3,700 (-57.6%)	$690 (-57.6%)	0.2%	$116.96	+59.1%	COM	67066G104
AAPL	APPLE INC	5,630 (-23.3%)	$1,531 (-18.2%)	0.4%	$136.95	+95.9%	COM	037833100
SCHZ	SCHWAB STRATEGIC TR	25,810 (-31.4%)	$603 (-31.7%)	0.2%	$36.81	—	US AGGREGATE B	808524839
IAU	ISHARES GOLD TR	3,722 (-47.3%)	$302 (-41.2%)	0.1%	$53.91	—	ISHARES NEW	464285204
MSFT	MICROSOFT CORP	1,045 (-22.5%)	$505 (-27.7%)	0.1%	$340.12	+47.2%	COM	594918104
META	META PLATFORMS INC	546 (-26.6%)	$360 (-34.0%)	0.1%	$497.55	+34.1%	CL A	30303M102
IJS	ISHARES TR	2,498 (-35.7%)	$284 (-33.8%)	0.1%	$82.79	—	SP SMCP600VL ETF	464287879
AMZN	AMAZON COM INC	2,333 (-24.3%)	$539 (-20.4%)	0.2%	$162.52	+40.8%	COM	023135106
BRK/B	BERKSHIRE HATHAWAY INC DEL	563 (-16.0%)	$283 (-16.0%)	0.1%	$297.42	+67.3%	CL B NEW	084670702
CB	CHUBB LIMITED	2,000 (-1.6%)	$624 (+8.8%)	0.2%	$132.35	+120.9%	COM	H1467J104
GOOG	ALPHABET INC	3,275 (-18.7%)	$1,028 (+4.8%)	0.3%	$130.62	+119.2%	CAP STK CL C	02079K107
EFAV	ISHARES TR	15,686 (-4.5%)	$1,353 (-2.9%)	0.4%	$74.64	—	MSCI EAFE MIN VL	46429B689
IUSG	ISHARES TR	9,108 (-4.0%)	$1,530 (-2.0%)	0.4%	$87.57	—	CORE S&P US GWT	464287671
SCHG	SCHWAB STRATEGIC TR	79,142 (-1.8%)	$2,582 (+0.4%)	0.8%	$44.33	—	US LCAP GR ETF	808524300
JPM	JPMORGAN CHASE & CO.	626 (-5.3%)	$202 (-3.3%)	0.1%	$184.17	+68.1%	COM	46625H100

Unchanged Positions (42)

IJR ISHARES TR 6.1%

Value ($000) $20,916 Shares 174,039 Est. Cost $103.39 Unrealized —

SCHX SCHWAB STRATEGIC TR 6.9%

Value ($000) $23,616 Shares 877,600 Est. Cost $37.61 Unrealized —

IJH ISHARES TR 6.5%

Value ($000) $22,440 Shares 339,995 Est. Cost $92.06 Unrealized —

SCHB SCHWAB STRATEGIC TR 2.5%

Value ($000) $8,560 Shares 326,360 Est. Cost $40.29 Unrealized —

SPRY ARS PHARMACEUTICALS INC 0.3%

Value ($000) $970 Shares 83,225 Est. Cost $11.89 Unrealized -18.2%

GLTR ABRDN PRECIOUS METALS BASKET 0.1%

Value ($000) $467 Shares 2,270 Est. Cost $91.02 Unrealized —

IUSV ISHARES TR 0.8%

Value ($000) $2,602 Shares 25,371 Est. Cost $82.25 Unrealized —

PAYX PAYCHEX INC 0.1%

Value ($000) $512 Shares 4,560 Est. Cost $112.19 Unrealized +3.9%

TBBK BANCORP INC DEL 0.1%

Value ($000) $475 Shares 7,041 Est. Cost $50.57 Unrealized +36.5%

VOO VANGUARD INDEX FDS 0.5%

Value ($000) $1,832 Shares 2,921 Est. Cost $419.16 Unrealized —

VB VANGUARD INDEX FDS 0.6%

Value ($000) $1,958 Shares 7,592 Est. Cost $220.11 Unrealized —

DFAC DIMENSIONAL ETF TRUST 0.5%

Value ($000) $1,567 Shares 39,579 Est. Cost $26.64 Unrealized —

SCHV SCHWAB STRATEGIC TR 0.7%

Value ($000) $2,486 Shares 83,962 Est. Cost $41.55 Unrealized —

VV VANGUARD INDEX FDS 0.3%

Value ($000) $1,135 Shares 3,607 Est. Cost $184.84 Unrealized —

VTV VANGUARD INDEX FDS 0.2%

Value ($000) $827 Shares 4,330 Est. Cost $126.24 Unrealized —

IWF ISHARES TR 1.4%

Value ($000) $4,680 Shares 9,888 Est. Cost $248.94 Unrealized —

DLTH DULUTH HLDGS INC 0.0%

Value ($000) $28 Shares 13,555 Est. Cost $13.91 Unrealized -78.7%

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $962 Shares 1,410 Est. Cost $514.71 Unrealized —

DFAX DIMENSIONAL ETF TRUST 0.2%

Value ($000) $526 Shares 16,086 Est. Cost $23.11 Unrealized —

HSY HERSHEY CO 0.2%

Value ($000) $701 Shares 3,850 Est. Cost $150.65 Unrealized +20.9%

VYM VANGUARD WHITEHALL FDS 0.4%

Value ($000) $1,206 Shares 8,405 Est. Cost $124.29 Unrealized —

VMC VULCAN MATLS CO 0.1%

Value ($000) $204 Shares 714 Est. Cost $283.25 Unrealized +3.5%

VO VANGUARD INDEX FDS 0.2%

Value ($000) $712 Shares 2,455 Est. Cost $208.21 Unrealized —

VBK VANGUARD INDEX FDS 0.3%

Value ($000) $891 Shares 2,949 Est. Cost $244.64 Unrealized —

VOE VANGUARD INDEX FDS 0.2%

Value ($000) $575 Shares 3,242 Est. Cost $174.56 Unrealized —

WGRX WELLGISTICS HEALTH INC 0.0%

Value ($000) $9 Shares 22,988 Est. Cost $3.37 Unrealized -82.6%

QQQ INVESCO QQQ TR 0.2%

Value ($000) $734 Shares 1,195 Est. Cost $488.09 Unrealized —

IWN ISHARES TR 0.1%

Value ($000) $408 Shares 2,249 Est. Cost $131.88 Unrealized —

LMT LOCKHEED MARTIN CORP 0.1%

Value ($000) $299 Shares 618 Est. Cost $415.09 Unrealized +14.7%

VT VANGUARD INTL EQUITY INDEX F 0.1%

Value ($000) $358 Shares 2,535 Est. Cost $95.24 Unrealized —

VUG VANGUARD INDEX FDS 0.2%

Value ($000) $591 Shares 1,212 Est. Cost $265.51 Unrealized —

MLPX GLOBAL X FDS 0.1%

Value ($000) $202 Shares 3,342 Est. Cost $62.71 Unrealized —

IWB ISHARES TR 0.1%

Value ($000) $337 Shares 903 Est. Cost $234.91 Unrealized —

USMV ISHARES TR 0.2%

Value ($000) $683 Shares 7,256 Est. Cost $73.52 Unrealized —

IQLT ISHARES TR 0.1%

Value ($000) $254 Shares 5,588 Est. Cost $44.19 Unrealized —

IWM ISHARES TR 0.1%

Value ($000) $346 Shares 1,405 Est. Cost $204.49 Unrealized —

VIGI VANGUARD WHITEHALL FDS 0.1%

Value ($000) $258 Shares 2,826 Est. Cost $89.57 Unrealized —

MDYG SPDR SERIES TRUST 0.1%

Value ($000) $407 Shares 4,402 Est. Cost $69.29 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 1.1%

Value ($000) $3,774 Shares 5 Est. Cost $330761.80 Unrealized +125.7%

IWR ISHARES TR 0.2%

Value ($000) $596 Shares 6,191 Est. Cost $71.75 Unrealized —

TSLA TESLA INC 0.1%

Value ($000) $260 Shares 579 Est. Cost $301.28 Unrealized +47.1%

SLYG SPDR SERIES TRUST 0.1%

Value ($000) $310 Shares 3,292 Est. Cost $86.16 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IJR	ISHARES TR	174,039	$20,916	6.1%	$103.39	—	CORE S&P SCP ETF	464287804
SCHX	SCHWAB STRATEGIC TR	877,600	$23,616	6.9%	$37.61	—	US LRG CAP ETF	808524201
IJH	ISHARES TR	339,995	$22,440	6.5%	$92.06	—	CORE S&P MCP ETF	464287507
SCHB	SCHWAB STRATEGIC TR	326,360	$8,560	2.5%	$40.29	—	US BRD MKT ETF	808524102
SPRY	ARS PHARMACEUTICALS INC	83,225	$970	0.3%	$11.89	-18.2%	COM	82835W108
GLTR	ABRDN PRECIOUS METALS BASKET	2,270	$467	0.1%	$91.02	—	PHYSCL PRECS MET	003263100
IUSV	ISHARES TR	25,371	$2,602	0.8%	$82.25	—	CORE S&P US VLU	464287663
PAYX	PAYCHEX INC	4,560	$512	0.1%	$112.19	+3.9%	COM	704326107
TBBK	BANCORP INC DEL	7,041	$475	0.1%	$50.57	+36.5%	COM	05969A105
VOO	VANGUARD INDEX FDS	2,921	$1,832	0.5%	$419.16	—	S&P 500 ETF SHS	922908363
VB	VANGUARD INDEX FDS	7,592	$1,958	0.6%	$220.11	—	SMALL CP ETF	922908751
DFAC	DIMENSIONAL ETF TRUST	39,579	$1,567	0.5%	$26.64	—	US CORE EQUITY 2	25434V708
SCHV	SCHWAB STRATEGIC TR	83,962	$2,486	0.7%	$41.55	—	US LCAP VA ETF	808524409
VV	VANGUARD INDEX FDS	3,607	$1,135	0.3%	$184.84	—	LARGE CAP ETF	922908637
VTV	VANGUARD INDEX FDS	4,330	$827	0.2%	$126.24	—	VALUE ETF	922908744
IWF	ISHARES TR	9,888	$4,680	1.4%	$248.94	—	RUS 1000 GRW ETF	464287614
DLTH	DULUTH HLDGS INC	13,555	$28	0.0%	$13.91	-78.7%	COM CL B	26443V101
SPY	SPDR S&P 500 ETF TR	1,410	$962	0.3%	$514.71	—	TR UNIT	78462F103
DFAX	DIMENSIONAL ETF TRUST	16,086	$526	0.2%	$23.11	—	WORLD EX US CORE	25434V880
HSY	HERSHEY CO	3,850	$701	0.2%	$150.65	+20.9%	COM	427866108
VYM	VANGUARD WHITEHALL FDS	8,405	$1,206	0.4%	$124.29	—	HIGH DIV YLD	921946406
VMC	VULCAN MATLS CO	714	$204	0.1%	$283.25	+3.5%	COM	929160109
VO	VANGUARD INDEX FDS	2,455	$712	0.2%	$208.21	—	MID CAP ETF	922908629
VBK	VANGUARD INDEX FDS	2,949	$891	0.3%	$244.64	—	SML CP GRW ETF	922908595
VOE	VANGUARD INDEX FDS	3,242	$575	0.2%	$174.56	—	MCAP VL IDXVIP	922908512
WGRX	WELLGISTICS HEALTH INC	22,988	$9	0.0%	$3.37	-82.6%	COM	949503106
QQQ	INVESCO QQQ TR	1,195	$734	0.2%	$488.09	—	UNIT SER 1	46090E103
IWN	ISHARES TR	2,249	$408	0.1%	$131.88	—	RUS 2000 VAL ETF	464287630
LMT	LOCKHEED MARTIN CORP	618	$299	0.1%	$415.09	+14.7%	COM	539830109
VT	VANGUARD INTL EQUITY INDEX F	2,535	$358	0.1%	$95.24	—	TT WRLD ST ETF	922042742
VUG	VANGUARD INDEX FDS	1,212	$591	0.2%	$265.51	—	GROWTH ETF	922908736
MLPX	GLOBAL X FDS	3,342	$202	0.1%	$62.71	—	GLB X MLP ENRG I	37954Y293
IWB	ISHARES TR	903	$337	0.1%	$234.91	—	RUS 1000 ETF	464287622
USMV	ISHARES TR	7,256	$683	0.2%	$73.52	—	MSCI USA MIN VOL	46429B697
IQLT	ISHARES TR	5,588	$254	0.1%	$44.19	—	MSCI INTL QUALTY	46434V456
IWM	ISHARES TR	1,405	$346	0.1%	$204.49	—	RUSSELL 2000 ETF	464287655
VIGI	VANGUARD WHITEHALL FDS	2,826	$258	0.1%	$89.57	—	INTL DVD ETF	921946810
MDYG	SPDR SERIES TRUST	4,402	$407	0.1%	$69.29	—	STATE STREET SPD	78464A821
BRK/A	BERKSHIRE HATHAWAY INC DEL	5	$3,774	1.1%	$330761.80	+125.7%	CL A	084670108
IWR	ISHARES TR	6,191	$596	0.2%	$71.75	—	RUS MID CAP ETF	464287499
TSLA	TESLA INC	579	$260	0.1%	$301.28	+47.1%	COM	88160R101
SLYG	SPDR SERIES TRUST	3,292	$310	0.1%	$86.16	—	STATE STREET SPD	78464A201