Bramshill Investments, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PGX	Invesco Preferred ETF	7,321,189	$82,290	4.7%	$11.24	—	Exchange Traded Fund	46138E511
LQD	iShares iBoxx $ Investment Gra	200,000	$22,038	1.2%	$110.19	—	Exchange Traded Fund	464287242
—	Invesco Senior Income Trust	4,445,801	$14,538	0.8%	$3.27	—	Exchange Traded Fund	46131H107
SPLB	State Street SPDR Portfolio Lo	500,000	$11,290	0.6%	$22.58	—	Exchange Traded Fund	78464A367
HEDG	Equable Shares Hedged Equity E	209,523	$6,146	0.3%	$29.33	—	Exchange Traded Fund	81752T411
XLV	State Street Health Care Selec	17,500	$2,709	0.2%	$154.80	—	Exchange Traded Fund	81369Y209
IWM	iShares Russell 2000 ETF	5,500	$1,354	0.1%	$246.16	—	Exchange Traded Fund	464287655
XLY	State Street Consumer Discreti	8,500	$1,015	0.1%	$119.41	—	Exchange Traded Fund	81369Y407
VZ	Verizon Communications Inc	17,973	$732	0.0%	$40.48	0.0%	Equity	92343V104
—	BlackRock Core Bond Trust	75,432	$723	0.0%	$9.59	—	Exchange Traded Fund	09249E101
SWK	Stanley Black & Decker Inc	9,689	$720	0.0%	$69.90	0.0%	Equity	854502101
GIS	General Mills Inc	15,349	$714	0.0%	$47.46	0.0%	Equity	370334104
PFE	Pfizer Inc	28,627	$713	0.0%	$25.03	0.0%	Equity	717081103
C	Citigroup Inc	6,000	$700	0.0%	$103.64	0.0%	Equity	172967424
SWKS	Skyworks Solutions Inc	11,019	$699	0.0%	$69.45	0.0%	Equity	83088M102
TRIN	Trinity Capital Inc	47,314	$693	0.0%	$14.09	0.0%	Equity	896442308
DOW	Dow Inc	29,321	$686	0.0%	$22.78	0.0%	Equity	260557103
HPQ	HP Inc	30,525	$680	0.0%	$25.25	0.0%	Equity	40434L105
QTUM	Defiance Quantum ETF	5,500	$603	0.0%	$109.66	—	Exchange Traded Fund	26922A420
AAPL	Apple Inc	2,000	$544	0.0%	$268.34	0.0%	Equity	037833100
ORLY	O'Reilly Automotive Inc	5,000	$456	0.0%	$97.70	0.0%	Equity	67103H107
FLR	Fluor Corp	10,000	$396	0.0%	$44.24	0.0%	Equity	343412102
UFO	Procure Space ETF	10,000	$387	0.0%	$38.65	—	Exchange Traded Fund	74280R205
WFC	Wells Fargo & Co	4,000	$373	0.0%	$86.63	0.0%	Equity	949746101
UL	Unilever PLC	5,333	$349	0.0%	$65.40	—	Depository Receipt	904767803
BLK	Blackrock Inc	300	$321	0.0%	$1089.41	0.0%	Equity	09290D101
MMM	3M Co	2,000	$320	0.0%	$163.18	0.0%	Equity	88579Y101
EBAY	eBay Inc	3,500	$305	0.0%	$86.37	0.0%	Equity	278642103
SOFI	SoFi Technologies Inc	9,000	$236	0.0%	$27.87	0.0%	Equity	83406F102
DIS	Walt Disney Co/The	2,000	$228	0.0%	$109.53	0.0%	Equity	254687106
AQWA	Global X Clean Water ETF	10,000	$188	0.0%	$18.77	—	Exchange Traded Fund	37954Y186

Increased Positions (33)

SHYG iShares 0-5 Year High Yield Co 29.0%

Value ($000) $513,645 (+36.5%) Shares 11,981,466 (+37.8%) Est. Cost $43.11 Unrealized —

GSY Invesco Ultra Short Duration E 5.7%

Value ($000) $101,597 (+144.7%) Shares 2,021,825 (+144.6%) Est. Cost $50.24 Unrealized —

VUSB Vanguard Ultra Short Bond ETF 8.9%

Value ($000) $157,493 (+25.9%) Shares 3,159,970 (+26.2%) Est. Cost $49.86 Unrealized —

— PIMCO Municipal Income Fund II 2.7%

Value ($000) $47,851 (+131.9%) Shares 6,346,276 (+143.3%) Est. Cost $7.69 Unrealized —

MLN VanEck Long Muni ETF 1.2%

Value ($000) $20,753 (+74.6%) Shares 1,183,763 (+74.1%) Est. Cost $17.50 Unrealized —

QQQ Invesco QQQ Trust Series 1 0.3%

Value ($000) $5,836 (+579.8%) Shares 9,500 (+564.3%) Est. Cost $596.20 Unrealized —

SRLN State Street Blackstone Senior 0.5%

Value ($000) $8,254 (+68.2%) Shares 200,000 (+69.5%) Est. Cost $41.37 Unrealized —

SPY State Street SPDR S&P 500 ETF 0.2%

Value ($000) $3,407 (+931.1%) Shares 4,996 (+907.3%) Est. Cost $670.21 Unrealized —

SLQD iShares 0-5 Year Investment Gr 2.9%

Value ($000) $50,589 (+2.9%) Shares 997,815 (+3.2%) Est. Cost $49.85 Unrealized —

IGV iShares Expanded Tech-Software 0.1%

Value ($000) $1,850 (+89.2%) Shares 17,500 (+105.9%) Est. Cost $97.58 Unrealized —

ARCC Ares Capital Corp 0.1%

Value ($000) $2,111 (+59.6%) Shares 104,362 (+61.0%) Est. Cost $15.37 Unrealized +28.8%

AU Anglogold Ashanti Plc 0.1%

Value ($000) $1,718 (+80.0%) Shares 20,147 (+48.4%) Est. Cost $62.29 Unrealized +24.4%

BXSL Blackstone Secured Lending Fun 0.1%

Value ($000) $2,039 (+50.2%) Shares 77,439 (+48.7%) Est. Cost $22.66 Unrealized +15.2%

XLC State Street Communication Ser 0.2%

Value ($000) $2,943 (+24.3%) Shares 25,000 (+25.0%) Est. Cost $97.33 Unrealized —

TLT iShares 20 Year Treasury Bond 8.1%

Value ($000) $144,117 (+0.4%) Shares 1,653,479 (+2.9%) Est. Cost $91.02 Unrealized —

RITM Rithm Capital Corp 0.1%

Value ($000) $1,576 (+47.3%) Shares 144,542 (+53.9%) Est. Cost $9.90 Unrealized —

IHI iShares U.S. Medical Devices E 0.1%

Value ($000) $1,088 (+81.0%) Shares 17,500 (+75.0%) Est. Cost $61.03 Unrealized —

GOOGL Alphabet Inc 0.1%

Value ($000) $1,037 (+84.4%) Shares 3,314 (+43.2%) Est. Cost $200.20 Unrealized +42.7%

JPM JPMorgan Chase & Co 0.0%

Value ($000) $806 (+70.3%) Shares 2,500 (+66.7%) Est. Cost $274.36 Unrealized +12.8%

WMT Walmart Inc 0.0%

Value ($000) $557 (+116.2%) Shares 5,000 (+100.0%) Est. Cost $97.62 Unrealized +9.8%

SMH VanEck Semiconductor ETF 0.1%

Value ($000) $1,441 (+26.1%) Shares 4,000 (+14.3%) Est. Cost $256.92 Unrealized —

DX Dynex Capital Inc 0.1%

Value ($000) $1,685 (+15.3%) Shares 120,279 (+1.1%) Est. Cost $12.27 Unrealized —

XLU State Street Utilities Select 0.0%

Value ($000) $726 (-20.7%) Shares 17,000 (+61.9%) Est. Cost $64.39 Unrealized —

NVDA NVIDIA Corp 0.0%

Value ($000) $839 (+28.5%) Shares 4,500 (+28.6%) Est. Cost $123.55 Unrealized +50.7%

XLK State Street Technology Select 0.2%

Value ($000) $2,951 (-4.8%) Shares 20,500 (+86.4%) Est. Cost $194.70 Unrealized —

MP MP Materials Corp 0.0%

Value ($000) $429 (-20.0%) Shares 8,500 (+6.3%) Est. Cost $27.75 Unrealized +128.5%

VICI VICI Properties Inc 0.0%

Value ($000) $645 (-12.5%) Shares 22,940 (+1.5%) Est. Cost $32.02 Unrealized -8.5%

BDRY Breakwave Dry Bulk Shipping ET 0.0%

Value ($000) $132 (+66.8%) Shares 15,000 (+42.9%) Est. Cost $7.89 Unrealized —

HD Home Depot Inc/The 0.1%

Value ($000) $1,376 (-2.9%) Shares 4,000 (+14.3%) Est. Cost $377.67 Unrealized -3.5%

DKL Delek Logistics Partners LP 0.1%

Value ($000) $1,517 (+1.8%) Shares 34,007 (+3.9%) Est. Cost $43.71 Unrealized —

IEF iShares 7-10 Year Treasury Bon 0.0%

Value ($000) $312 (+8.4%) Shares 3,248 (+8.7%) Est. Cost $95.99 Unrealized —

VST Vistra Corp 0.0%

Value ($000) $565 (-3.9%) Shares 3,500 (+16.7%) Est. Cost $153.27 Unrealized +18.7%

— Neuberger High Yield Strategie 0.0%

Value ($000) $743 (+0.3%) Shares 99,808 (+1.1%) Est. Cost $7.58 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHYG	iShares 0-5 Year High Yield Co	11,981,466 (+37.8%)	$513,645 (+36.5%)	29.0%	$43.11	—	Exchange Traded Fund	46434V407
GSY	Invesco Ultra Short Duration E	2,021,825 (+144.6%)	$101,597 (+144.7%)	5.7%	$50.24	—	Exchange Traded Fund	46090A887
VUSB	Vanguard Ultra Short Bond ETF	3,159,970 (+26.2%)	$157,493 (+25.9%)	8.9%	$49.86	—	Exchange Traded Fund	92203C303
—	PIMCO Municipal Income Fund II	6,346,276 (+143.3%)	$47,851 (+131.9%)	2.7%	$7.69	—	Exchange Traded Fund	72200W106
MLN	VanEck Long Muni ETF	1,183,763 (+74.1%)	$20,753 (+74.6%)	1.2%	$17.50	—	Exchange Traded Fund	92189F536
QQQ	Invesco QQQ Trust Series 1	9,500 (+564.3%)	$5,836 (+579.8%)	0.3%	$596.20	—	Exchange Traded Fund	46090E103
SRLN	State Street Blackstone Senior	200,000 (+69.5%)	$8,254 (+68.2%)	0.5%	$41.37	—	Exchange Traded Fund	78467V608
SPY	State Street SPDR S&P 500 ETF	4,996 (+907.3%)	$3,407 (+931.1%)	0.2%	$670.21	—	Exchange Traded Fund	78462F103
SLQD	iShares 0-5 Year Investment Gr	997,815 (+3.2%)	$50,589 (+2.9%)	2.9%	$49.85	—	Exchange Traded Fund	46434V100
IGV	iShares Expanded Tech-Software	17,500 (+105.9%)	$1,850 (+89.2%)	0.1%	$97.58	—	Exchange Traded Fund	464287515
ARCC	Ares Capital Corp	104,362 (+61.0%)	$2,111 (+59.6%)	0.1%	$15.37	+28.8%	Equity	04010L103
AU	Anglogold Ashanti Plc	20,147 (+48.4%)	$1,718 (+80.0%)	0.1%	$62.29	+24.4%	Equity	G0378L100
BXSL	Blackstone Secured Lending Fun	77,439 (+48.7%)	$2,039 (+50.2%)	0.1%	$22.66	+15.2%	Equity	09261X102
XLC	State Street Communication Ser	25,000 (+25.0%)	$2,943 (+24.3%)	0.2%	$97.33	—	Exchange Traded Fund	81369Y852
TLT	iShares 20 Year Treasury Bond	1,653,479 (+2.9%)	$144,117 (+0.4%)	8.1%	$91.02	—	Exchange Traded Fund	464287432
RITM	Rithm Capital Corp	144,542 (+53.9%)	$1,576 (+47.3%)	0.1%	$9.90	—	Equity	64828T201
IHI	iShares U.S. Medical Devices E	17,500 (+75.0%)	$1,088 (+81.0%)	0.1%	$61.03	—	Exchange Traded Fund	464288810
GOOGL	Alphabet Inc	3,314 (+43.2%)	$1,037 (+84.4%)	0.1%	$200.20	+42.7%	Equity	02079K305
JPM	JPMorgan Chase & Co	2,500 (+66.7%)	$806 (+70.3%)	0.0%	$274.36	+12.8%	Equity	46625H100
WMT	Walmart Inc	5,000 (+100.0%)	$557 (+116.2%)	0.0%	$97.62	+9.8%	Equity	931142103
SMH	VanEck Semiconductor ETF	4,000 (+14.3%)	$1,441 (+26.1%)	0.1%	$256.92	—	Exchange Traded Fund	92189F676
DX	Dynex Capital Inc	120,279 (+1.1%)	$1,685 (+15.3%)	0.1%	$12.27	—	Equity	26817Q886
XLU	State Street Utilities Select	17,000 (+61.9%)	$726 (-20.7%)	0.0%	$64.39	—	Exchange Traded Fund	81369Y886
NVDA	NVIDIA Corp	4,500 (+28.6%)	$839 (+28.5%)	0.0%	$123.55	+50.7%	Equity	67066G104
XLK	State Street Technology Select	20,500 (+86.4%)	$2,951 (-4.8%)	0.2%	$194.70	—	Exchange Traded Fund	81369Y803
MP	MP Materials Corp	8,500 (+6.3%)	$429 (-20.0%)	0.0%	$27.75	+128.5%	Equity	553368101
VICI	VICI Properties Inc	22,940 (+1.5%)	$645 (-12.5%)	0.0%	$32.02	-8.5%	Equity	925652109
BDRY	Breakwave Dry Bulk Shipping ET	15,000 (+42.9%)	$132 (+66.8%)	0.0%	$7.89	—	Exchange Traded Fund	03210A107
HD	Home Depot Inc/The	4,000 (+14.3%)	$1,376 (-2.9%)	0.1%	$377.67	-3.5%	Equity	437076102
DKL	Delek Logistics Partners LP	34,007 (+3.9%)	$1,517 (+1.8%)	0.1%	$43.71	—	Equity Unit	24664T103
IEF	iShares 7-10 Year Treasury Bon	3,248 (+8.7%)	$312 (+8.4%)	0.0%	$95.99	—	Exchange Traded Fund	464287440
VST	Vistra Corp	3,500 (+16.7%)	$565 (-3.9%)	0.0%	$153.27	+18.7%	Equity	92840M102
—	Neuberger High Yield Strategie	99,808 (+1.1%)	$743 (+0.3%)	0.0%	$7.58	—	Exchange Traded Fund	64128C106

Exited Positions (34)

ORCL Oracle Corp 0.1%

Value ($000) $1,687 Shares 6,000 Est. Cost $179.57 Unrealized +32.6%

BRSL Brightstar Lottery PLC 0.1%

Value ($000) $1,432 Shares 82,994 Est. Cost $15.35 Unrealized +5.3%

PSN Parsons Corp 0.1%

Value ($000) $1,290 Shares 15,557 Est. Cost $71.18 Unrealized +10.0%

NFLX Netflix Inc 0.1%

Value ($000) $1,199 Shares 1,000 Est. Cost $122.05 Unrealized -11.7%

UBER Uber Technologies Inc 0.1%

Value ($000) $1,127 Shares 11,500 Est. Cost $57.97 Unrealized +55.3%

M Macy's Inc 0.1%

Value ($000) $968 Shares 54,000 Est. Cost $11.59 Unrealized +76.6%

— Nuveen Floating Rate Income Fu 0.1%

Value ($000) $896 Shares 109,492 Est. Cost $8.69 Unrealized —

FIXD First Trust Smith Opportunisti 0.0%

Value ($000) $800 Shares 18,000 Est. Cost $43.84 Unrealized —

WM Waste Management Inc 0.0%

Value ($000) $773 Shares 3,500 Est. Cost $223.68 Unrealized -5.0%

— Nuveen Variable Rate Preferred 0.0%

Value ($000) $768 Shares 38,484 Est. Cost $18.94 Unrealized —

UCON First Trust Smith Unconstraine 0.0%

Value ($000) $756 Shares 30,000 Est. Cost $24.75 Unrealized —

MDLZ Mondelez International Inc 0.0%

Value ($000) $753 Shares 12,057 Est. Cost $63.41 Unrealized -10.0%

BMY Bristol-Myers Squibb Co 0.0%

Value ($000) $740 Shares 16,398 Est. Cost $45.51 Unrealized +4.4%

EIX Edison International 0.0%

Value ($000) $735 Shares 13,304 Est. Cost $53.10 Unrealized +8.0%

TSLX Sixth Street Specialty Lending 0.0%

Value ($000) $729 Shares 31,875 Est. Cost $18.22 Unrealized +19.7%

LYB LyondellBasell Industries NV 0.0%

Value ($000) $715 Shares 14,573 Est. Cost $54.33 Unrealized -18.2%

OHI Omega Healthcare Investors Inc 0.0%

Value ($000) $714 Shares 16,900 Est. Cost $37.85 Unrealized —

CWEN Clearway Energy Inc 0.0%

Value ($000) $710 Shares 25,126 Est. Cost $28.79 Unrealized +14.7%

ARI Apollo Commercial Real Estate 0.0%

Value ($000) $709 Shares 69,986 Est. Cost $11.81 Unrealized —

BDN Brandywine Realty Trust 0.0%

Value ($000) $639 Shares 153,199 Est. Cost $4.58 Unrealized —

TXO TXO Partners LP 0.0%

Value ($000) $579 Shares 41,189 Est. Cost $20.16 Unrealized —

EOG EOG Resources Inc 0.0%

Value ($000) $561 Shares 5,000 Est. Cost $123.69 Unrealized -13.3%

KRE SPDR S&P Regional Banking ETF 0.0%

Value ($000) $506 Shares 8,000 Est. Cost $63.30 Unrealized —

IEP Icahn Enterprises LP 0.0%

Value ($000) $428 Shares 50,774 Est. Cost $16.13 Unrealized —

ACGL Arch Capital Group Ltd 0.0%

Value ($000) $408 Shares 4,500 Est. Cost $95.97 Unrealized -4.7%

URA Global X Uranium ETF 0.0%

Value ($000) $381 Shares 8,000 Est. Cost $22.92 Unrealized —

COIN Coinbase Global Inc 0.0%

Value ($000) $337 Shares 1,000 Est. Cost $339.07 Unrealized -12.1%

MSTR Strategy Inc 0.0%

Value ($000) $322 Shares 1,000 Est. Cost $371.01 Unrealized -37.9%

PPLT abrdn Physical Platinum Shares 0.0%

Value ($000) $286 Shares 2,000 Est. Cost $142.88 Unrealized —

— Unilever PLC 0.0%

Value ($000) $267 Shares 4,500 Est. Cost $61.17 Unrealized —

IBIT iShares Bitcoin Trust ETF 0.0%

Value ($000) $228 Shares 3,500 Est. Cost $65.00 Unrealized —

JNJ Johnson & Johnson 0.0%

Value ($000) $226 Shares 1,217 Est. Cost $169.51 Unrealized +16.2%

UNG United States Natural Gas Fund 0.0%

Value ($000) $163 Shares 12,500 Est. Cost $15.28 Unrealized —

— BlackRock Municipal Income Tru 0.0%

Value ($000) $161 Shares 15,363 Est. Cost $10.46 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	Oracle Corp	6,000	$1,687	0.1%	$179.57	+32.6%	—	68389X105
BRSL	Brightstar Lottery PLC	82,994	$1,432	0.1%	$15.35	+5.3%	—	G4863A108
PSN	Parsons Corp	15,557	$1,290	0.1%	$71.18	+10.0%	—	70202L102
NFLX	Netflix Inc	1,000	$1,199	0.1%	$122.05	-11.7%	—	64110L106
UBER	Uber Technologies Inc	11,500	$1,127	0.1%	$57.97	+55.3%	—	90353T100
M	Macy's Inc	54,000	$968	0.1%	$11.59	+76.6%	—	55616P104
—	Nuveen Floating Rate Income Fu	109,492	$896	0.1%	$8.69	—	—	67072T108
FIXD	First Trust Smith Opportunisti	18,000	$800	0.0%	$43.84	—	—	33740F805
WM	Waste Management Inc	3,500	$773	0.0%	$223.68	-5.0%	—	94106L109
—	Nuveen Variable Rate Preferred	38,484	$768	0.0%	$18.94	—	—	67080R102
UCON	First Trust Smith Unconstraine	30,000	$756	0.0%	$24.75	—	—	33740F888
MDLZ	Mondelez International Inc	12,057	$753	0.0%	$63.41	-10.0%	—	609207105
BMY	Bristol-Myers Squibb Co	16,398	$740	0.0%	$45.51	+4.4%	—	110122108
EIX	Edison International	13,304	$735	0.0%	$53.10	+8.0%	—	281020107
TSLX	Sixth Street Specialty Lending	31,875	$729	0.0%	$18.22	+19.7%	—	83012A109
LYB	LyondellBasell Industries NV	14,573	$715	0.0%	$54.33	-18.2%	—	N53745100
OHI	Omega Healthcare Investors Inc	16,900	$714	0.0%	$37.85	—	—	681936100
CWEN	Clearway Energy Inc	25,126	$710	0.0%	$28.79	+14.7%	—	18539C204
ARI	Apollo Commercial Real Estate	69,986	$709	0.0%	$11.81	—	—	03762U105
BDN	Brandywine Realty Trust	153,199	$639	0.0%	$4.58	—	—	105368203
TXO	TXO Partners LP	41,189	$579	0.0%	$20.16	—	—	87313P103
EOG	EOG Resources Inc	5,000	$561	0.0%	$123.69	-13.3%	—	26875P101
KRE	SPDR S&P Regional Banking ETF	8,000	$506	0.0%	$63.30	—	—	78464A698
IEP	Icahn Enterprises LP	50,774	$428	0.0%	$16.13	—	—	451100101
ACGL	Arch Capital Group Ltd	4,500	$408	0.0%	$95.97	-4.7%	—	G0450A105
URA	Global X Uranium ETF	8,000	$381	0.0%	$22.92	—	—	37954Y871
COIN	Coinbase Global Inc	1,000	$337	0.0%	$339.07	-12.1%	—	19260Q107
MSTR	Strategy Inc	1,000	$322	0.0%	$371.01	-37.9%	—	594972408
PPLT	abrdn Physical Platinum Shares	2,000	$286	0.0%	$142.88	—	—	003260106
—	Unilever PLC	4,500	$267	0.0%	$61.17	—	—	904767704
IBIT	iShares Bitcoin Trust ETF	3,500	$228	0.0%	$65.00	—	—	46438F101
JNJ	Johnson & Johnson	1,217	$226	0.0%	$169.51	+16.2%	—	478160104
UNG	United States Natural Gas Fund	12,500	$163	0.0%	$15.28	—	—	912318409
—	BlackRock Municipal Income Tru	15,363	$161	0.0%	$10.46	—	—	09249N101

Decreased Positions (28)

PFF iShares Preferred and Income S 6.3%

Value ($000) $111,110 (-43.7%) Shares 2,116,859 (-66.1%) Est. Cost $31.62 Unrealized —

— Nuveen Quality Municipal Incom 1.7%

Value ($000) $30,665 (-19.3%) Shares 2,551,167 (-21.6%) Est. Cost $12.58 Unrealized —

NEAR iShares Short Duration Bond Ac 7.1%

Value ($000) $125,136 (-3.0%) Shares 2,448,843 (-2.6%) Est. Cost $50.22 Unrealized —

ADI Analog Devices Inc 0.0%

Value ($000) $271 (-89.0%) Shares 1,000 (-90.0%) Est. Cost $229.08 Unrealized +9.4%

MSFT Microsoft Corp 0.1%

Value ($000) $1,330 (-57.2%) Shares 2,750 (-54.2%) Est. Cost $421.31 Unrealized +18.8%

— Nuveen AMT-Free Quality Munici 1.8%

Value ($000) $32,576 (-4.1%) Shares 2,801,020 (-6.0%) Est. Cost $12.17 Unrealized —

XLF State Street Financial Select 0.1%

Value ($000) $1,944 (-35.0%) Shares 35,500 (-36.0%) Est. Cost $45.78 Unrealized —

BKLN Invesco Senior Loan ETF 0.5%

Value ($000) $8,400 (-9.8%) Shares 400,000 (-10.1%) Est. Cost $20.88 Unrealized —

AGNC AGNC Investment Corp 0.1%

Value ($000) $1,505 (-31.5%) Shares 140,398 (-37.4%) Est. Cost $11.50 Unrealized —

PLTR Palantir Technologies Inc 0.0%

Value ($000) $800 (-41.5%) Shares 4,500 (-40.0%) Est. Cost $148.86 Unrealized +21.6%

XLE State Street Energy Select Sec 0.0%

Value ($000) $358 (-52.9%) Shares 8,000 (-5.9%) Est. Cost $86.91 Unrealized —

AMLP Alerian MLP ETF 0.0%

Value ($000) $470 (-42.7%) Shares 10,000 (-42.9%) Est. Cost $46.64 Unrealized —

— NYLI CBRE Global Infrastructur 0.0%

Value ($000) $734 (-27.2%) Shares 53,364 (-22.3%) Est. Cost $12.52 Unrealized —

AMZN Amazon.com Inc 0.1%

Value ($000) $1,270 (-17.4%) Shares 5,500 (-21.4%) Est. Cost $196.38 Unrealized +16.5%

XBI State Street SPDR S&P Biotech 0.1%

Value ($000) $1,036 (-17.3%) Shares 8,500 (-32.0%) Est. Cost $81.91 Unrealized —

B Barrick Mining Corp 0.1%

Value ($000) $1,313 (-13.8%) Shares 30,139 (-35.1%) Est. Cost $17.97 Unrealized +108.3%

XOM Exxon Mobil Corp 0.0%

Value ($000) $481 (-28.8%) Shares 4,000 (-33.3%) Est. Cost $111.49 Unrealized +3.6%

SBRA Sabra Health Care REIT Inc 0.0%

Value ($000) $775 (-17.5%) Shares 40,895 (-18.8%) Est. Cost $13.16 Unrealized —

BBY Best Buy Co Inc 0.0%

Value ($000) $615 (-20.6%) Shares 9,183 (-10.3%) Est. Cost $70.01 Unrealized +7.8%

XLI State Street Industrial Select 0.0%

Value ($000) $659 (-18.6%) Shares 4,250 (-19.0%) Est. Cost $132.75 Unrealized —

— Invesco Quality Municipal Inco 0.0%

Value ($000) $113 (-52.1%) Shares 11,300 (-52.6%) Est. Cost $9.82 Unrealized —

JMST JPMorgan Ultra-Short Municipal 0.1%

Value ($000) $1,775 (-5.6%) Shares 34,847 (-5.4%) Est. Cost $50.92 Unrealized —

PWR Quanta Services Inc 0.0%

Value ($000) $528 (-15.1%) Shares 1,250 (-16.7%) Est. Cost $288.64 Unrealized +52.2%

NEE NextEra Energy Inc 0.0%

Value ($000) $522 (-13.6%) Shares 6,500 (-18.8%) Est. Cost $72.21 Unrealized +14.2%

— Templeton Emerging Markets Inc 0.0%

Value ($000) $715 (-9.8%) Shares 110,809 (-13.3%) Est. Cost $5.83 Unrealized —

NEM Newmont Corp 0.1%

Value ($000) $1,395 (-2.1%) Shares 13,973 (-17.4%) Est. Cost $43.26 Unrealized +108.5%

AES AES Corp/The 0.0%

Value ($000) $761 (+3.9%) Shares 53,088 (-4.6%) Est. Cost $12.77 Unrealized +9.9%

RIO Rio Tinto PLC 0.0%

Value ($000) $868 (+0.8%) Shares 10,841 (-16.9%) Est. Cost $61.91 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFF	iShares Preferred and Income S	2,116,859 (-66.1%)	$111,110 (-43.7%)	6.3%	$31.62	—	Exchange Traded Fund	464288687
—	Nuveen Quality Municipal Incom	2,551,167 (-21.6%)	$30,665 (-19.3%)	1.7%	$12.58	—	Exchange Traded Fund	67066V101
NEAR	iShares Short Duration Bond Ac	2,448,843 (-2.6%)	$125,136 (-3.0%)	7.1%	$50.22	—	Exchange Traded Fund	46431W507
ADI	Analog Devices Inc	1,000 (-90.0%)	$271 (-89.0%)	0.0%	$229.08	+9.4%	Equity	032654105
MSFT	Microsoft Corp	2,750 (-54.2%)	$1,330 (-57.2%)	0.1%	$421.31	+18.8%	Equity	594918104
—	Nuveen AMT-Free Quality Munici	2,801,020 (-6.0%)	$32,576 (-4.1%)	1.8%	$12.17	—	Exchange Traded Fund	670657105
XLF	State Street Financial Select	35,500 (-36.0%)	$1,944 (-35.0%)	0.1%	$45.78	—	Exchange Traded Fund	81369Y605
BKLN	Invesco Senior Loan ETF	400,000 (-10.1%)	$8,400 (-9.8%)	0.5%	$20.88	—	Exchange Traded Fund	46138G508
AGNC	AGNC Investment Corp	140,398 (-37.4%)	$1,505 (-31.5%)	0.1%	$11.50	—	Equity	00123Q104
PLTR	Palantir Technologies Inc	4,500 (-40.0%)	$800 (-41.5%)	0.0%	$148.86	+21.6%	Equity	69608A108
XLE	State Street Energy Select Sec	8,000 (-5.9%)	$358 (-52.9%)	0.0%	$86.91	—	Exchange Traded Fund	81369Y506
AMLP	Alerian MLP ETF	10,000 (-42.9%)	$470 (-42.7%)	0.0%	$46.64	—	Exchange Traded Fund	00162Q452
—	NYLI CBRE Global Infrastructur	53,364 (-22.3%)	$734 (-27.2%)	0.0%	$12.52	—	Exchange Traded Fund	56064Q107
AMZN	Amazon.com Inc	5,500 (-21.4%)	$1,270 (-17.4%)	0.1%	$196.38	+16.5%	Equity	023135106
XBI	State Street SPDR S&P Biotech	8,500 (-32.0%)	$1,036 (-17.3%)	0.1%	$81.91	—	Exchange Traded Fund	78464A870
B	Barrick Mining Corp	30,139 (-35.1%)	$1,313 (-13.8%)	0.1%	$17.97	+108.3%	Equity	06849F108
XOM	Exxon Mobil Corp	4,000 (-33.3%)	$481 (-28.8%)	0.0%	$111.49	+3.6%	Equity	30231G102
SBRA	Sabra Health Care REIT Inc	40,895 (-18.8%)	$775 (-17.5%)	0.0%	$13.16	—	Equity	78573L106
BBY	Best Buy Co Inc	9,183 (-10.3%)	$615 (-20.6%)	0.0%	$70.01	+7.8%	Equity	086516101
XLI	State Street Industrial Select	4,250 (-19.0%)	$659 (-18.6%)	0.0%	$132.75	—	Exchange Traded Fund	81369Y704
—	Invesco Quality Municipal Inco	11,300 (-52.6%)	$113 (-52.1%)	0.0%	$9.82	—	Exchange Traded Fund	46133G107
JMST	JPMorgan Ultra-Short Municipal	34,847 (-5.4%)	$1,775 (-5.6%)	0.1%	$50.92	—	Exchange Traded Fund	46641Q654
PWR	Quanta Services Inc	1,250 (-16.7%)	$528 (-15.1%)	0.0%	$288.64	+52.2%	Equity	74762E102
NEE	NextEra Energy Inc	6,500 (-18.8%)	$522 (-13.6%)	0.0%	$72.21	+14.2%	Equity	65339F101
—	Templeton Emerging Markets Inc	110,809 (-13.3%)	$715 (-9.8%)	0.0%	$5.83	—	Exchange Traded Fund	880192109
NEM	Newmont Corp	13,973 (-17.4%)	$1,395 (-2.1%)	0.1%	$43.26	+108.5%	Equity	651639106
AES	AES Corp/The	53,088 (-4.6%)	$761 (+3.9%)	0.0%	$12.77	+9.9%	Equity	00130H105
RIO	Rio Tinto PLC	10,841 (-16.9%)	$868 (+0.8%)	0.0%	$61.91	—	Depository Receipt	767204100

Unchanged Positions (55)

MINT PIMCO Enhanced Short Maturity 5.3%

Value ($000) $92,958 Shares 926,431 Est. Cost $100.37 Unrealized —

VCLT Vanguard Long-Term Corporate B 1.4%

Value ($000) $24,529 Shares 323,392 Est. Cost $75.17 Unrealized —

UAN CVR Partners LP 0.1%

Value ($000) $1,701 Shares 16,592 Est. Cost $65.50 Unrealized —

NLY Annaly Capital Management Inc 0.1%

Value ($000) $2,382 Shares 106,548 Est. Cost $19.05 Unrealized —

IVR Invesco Mortgage Capital Inc 0.1%

Value ($000) $1,768 Shares 210,226 Est. Cost $7.56 Unrealized —

LPG Dorian LPG Ltd 0.0%

Value ($000) $734 Shares 30,145 Est. Cost $22.13 Unrealized +18.5%

KNTK Kinetik Holdings Inc 0.0%

Value ($000) $877 Shares 24,323 Est. Cost $37.14 Unrealized -2.8%

OMF OneMain Holdings Inc 0.1%

Value ($000) $911 Shares 13,483 Est. Cost $51.85 Unrealized +17.3%

IRM Iron Mountain Inc 0.0%

Value ($000) $688 Shares 8,296 Est. Cost $86.72 Unrealized +7.0%

MPLX MPLX LP 0.1%

Value ($000) $1,575 Shares 29,502 Est. Cost $41.36 Unrealized —

JPST JPMorgan Ultra-Short Income ET 2.2%

Value ($000) $39,501 Shares 780,797 Est. Cost $50.36 Unrealized —

KRP Kimbell Royalty Partners LP 0.0%

Value ($000) $673 Shares 57,266 Est. Cost $15.05 Unrealized —

STWD Starwood Property Trust Inc 0.1%

Value ($000) $1,374 Shares 76,309 Est. Cost $16.67 Unrealized —

CPB Campbell's Company/The 0.0%

Value ($000) $663 Shares 23,773 Est. Cost $31.91 Unrealized -5.8%

GLP Global Partners LP/MA 0.0%

Value ($000) $621 Shares 14,840 Est. Cost $46.90 Unrealized —

DLR Digital Realty Trust Inc 0.0%

Value ($000) $712 Shares 4,601 Est. Cost $142.66 Unrealized +14.3%

MPC Marathon Petroleum Corp 0.0%

Value ($000) $407 Shares 2,500 Est. Cost $148.83 Unrealized +25.2%

ARLP Alliance Resource Partners LP 0.0%

Value ($000) $826 Shares 35,564 Est. Cost $21.23 Unrealized —

PAA Plains All American Pipeline L 0.1%

Value ($000) $1,010 Shares 56,261 Est. Cost $17.66 Unrealized —

AXP American Express Co 0.0%

Value ($000) $555 Shares 1,500 Est. Cost $283.58 Unrealized +25.9%

— FS Credit Opportunities Corp 0.0%

Value ($000) $645 Shares 102,456 Est. Cost $6.41 Unrealized —

GNL Global Net Lease Inc 0.1%

Value ($000) $889 Shares 103,336 Est. Cost $15.03 Unrealized —

ET Energy Transfer LP 0.1%

Value ($000) $1,526 Shares 92,547 Est. Cost $13.80 Unrealized —

EPD Enterprise Products Partners L 0.1%

Value ($000) $1,533 Shares 47,814 Est. Cost $26.35 Unrealized —

ENB Enbridge Inc 0.1%

Value ($000) $975 Shares 20,387 Est. Cost $32.18 Unrealized +46.4%

— KKR Income Opportunities Fund 0.0%

Value ($000) $550 Shares 47,436 Est. Cost $13.58 Unrealized —

USAC USA Compression Partners LP 0.1%

Value ($000) $1,089 Shares 47,351 Est. Cost $22.87 Unrealized —

FRO Frontline PLC 0.1%

Value ($000) $1,049 Shares 48,065 Est. Cost $15.65 Unrealized +49.4%

— PIMCO Access Income Fund 0.0%

Value ($000) $673 Shares 43,963 Est. Cost $15.73 Unrealized —

— Western Asset Diversified Inco 0.0%

Value ($000) $652 Shares 47,185 Est. Cost $15.68 Unrealized —

APAM Artisan Partners Asset Managem 0.0%

Value ($000) $635 Shares 15,590 Est. Cost $36.41 Unrealized +11.8%

GNK Genco Shipping & Trading Ltd 0.1%

Value ($000) $901 Shares 48,861 Est. Cost $17.48 Unrealized +0.4%

— Nuveen Credit Strategies Incom 0.0%

Value ($000) $743 Shares 147,965 Est. Cost $6.75 Unrealized —

VNQ Vanguard Real Estate ETF 0.1%

Value ($000) $885 Shares 10,000 Est. Cost $92.90 Unrealized —

GLPI Gaming and Leisure Properties 0.0%

Value ($000) $716 Shares 16,031 Est. Cost $47.16 Unrealized —

AMH American Homes 4 Rent 0.0%

Value ($000) $657 Shares 20,462 Est. Cost $36.78 Unrealized —

BSM Black Stone Minerals LP 0.0%

Value ($000) $871 Shares 65,505 Est. Cost $15.88 Unrealized —

CAPL CrossAmerica Partners LP 0.1%

Value ($000) $1,001 Shares 48,591 Est. Cost $22.76 Unrealized —

ITA iShares U.S. Aerospace & Defen 0.0%

Value ($000) $513 Shares 2,390 Est. Cost $121.48 Unrealized —

OBDC Blue Owl Capital Corp 0.0%

Value ($000) $611 Shares 49,184 Est. Cost $13.10 Unrealized -5.7%

— Morgan Stanley Emerging Market 0.0%

Value ($000) $766 Shares 141,046 Est. Cost $4.94 Unrealized —

AEM Agnico Eagle Mines Ltd 0.1%

Value ($000) $1,046 Shares 6,168 Est. Cost $115.22 Unrealized +45.7%

AB AllianceBernstein Holding LP 0.0%

Value ($000) $802 Shares 20,831 Est. Cost $34.74 Unrealized —

— PIMCO Dynamic Income Opportuni 0.0%

Value ($000) $726 Shares 52,448 Est. Cost $12.62 Unrealized —

OCSL Oaktree Specialty Lending Corp 0.0%

Value ($000) $559 Shares 43,855 Est. Cost $19.51 Unrealized -31.5%

WES Western Midstream Partners LP 0.0%

Value ($000) $709 Shares 17,962 Est. Cost $29.26 Unrealized —

BA Boeing Co/The 0.1%

Value ($000) $1,303 Shares 6,000 Est. Cost $180.59 Unrealized +13.9%

HESM Hess Midstream LP 0.1%

Value ($000) $1,265 Shares 36,654 Est. Cost $26.26 Unrealized +24.2%

SPG Simon Property Group Inc 0.0%

Value ($000) $444 Shares 2,400 Est. Cost $129.54 Unrealized +38.9%

— Morgan Stanley Emerging Market 0.0%

Value ($000) $626 Shares 84,649 Est. Cost $7.93 Unrealized —

FLNG FLEX LNG Ltd 0.1%

Value ($000) $998 Shares 40,010 Est. Cost $22.54 Unrealized +11.0%

— Nuveen Preferred & Income Oppo 0.0%

Value ($000) $615 Shares 75,805 Est. Cost $7.99 Unrealized —

FSK FS KKR Capital Corp 0.1%

Value ($000) $1,063 Shares 71,755 Est. Cost $12.63 Unrealized +16.3%

HTGC Hercules Capital Inc 0.0%

Value ($000) $704 Shares 37,385 Est. Cost $19.64 Unrealized -8.1%

CQP Cheniere Energy Partners LP 0.1%

Value ($000) $1,654 Shares 30,922 Est. Cost $49.65 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MINT	PIMCO Enhanced Short Maturity	926,431	$92,958	5.3%	$100.37	—	Exchange Traded Fund	72201R833
VCLT	Vanguard Long-Term Corporate B	323,392	$24,529	1.4%	$75.17	—	Exchange Traded Fund	92206C813
UAN	CVR Partners LP	16,592	$1,701	0.1%	$65.50	—	Equity Unit	126633205
NLY	Annaly Capital Management Inc	106,548	$2,382	0.1%	$19.05	—	Equity	035710839
IVR	Invesco Mortgage Capital Inc	210,226	$1,768	0.1%	$7.56	—	Equity	46131B704
LPG	Dorian LPG Ltd	30,145	$734	0.0%	$22.13	+18.5%	Equity	Y2106R110
KNTK	Kinetik Holdings Inc	24,323	$877	0.0%	$37.14	-2.8%	Equity	02215L209
OMF	OneMain Holdings Inc	13,483	$911	0.1%	$51.85	+17.3%	Equity	68268W103
IRM	Iron Mountain Inc	8,296	$688	0.0%	$86.72	+7.0%	Equity	46284V101
MPLX	MPLX LP	29,502	$1,575	0.1%	$41.36	—	Equity Unit	55336V100
JPST	JPMorgan Ultra-Short Income ET	780,797	$39,501	2.2%	$50.36	—	Exchange Traded Fund	46641Q837
KRP	Kimbell Royalty Partners LP	57,266	$673	0.0%	$15.05	—	Equity Unit	49435R102
STWD	Starwood Property Trust Inc	76,309	$1,374	0.1%	$16.67	—	Equity	85571B105
CPB	Campbell's Company/The	23,773	$663	0.0%	$31.91	-5.8%	Equity	134429109
GLP	Global Partners LP/MA	14,840	$621	0.0%	$46.90	—	Equity Unit	37946R109
DLR	Digital Realty Trust Inc	4,601	$712	0.0%	$142.66	+14.3%	Equity	253868103
MPC	Marathon Petroleum Corp	2,500	$407	0.0%	$148.83	+25.2%	Equity	56585A102
ARLP	Alliance Resource Partners LP	35,564	$826	0.0%	$21.23	—	Equity Unit	01877R108
PAA	Plains All American Pipeline L	56,261	$1,010	0.1%	$17.66	—	Equity Unit	726503105
AXP	American Express Co	1,500	$555	0.0%	$283.58	+25.9%	Equity	025816109
—	FS Credit Opportunities Corp	102,456	$645	0.0%	$6.41	—	Exchange Traded Fund	30290Y101
GNL	Global Net Lease Inc	103,336	$889	0.1%	$15.03	—	Equity	379378201
ET	Energy Transfer LP	92,547	$1,526	0.1%	$13.80	—	Equity Unit	29273V100
EPD	Enterprise Products Partners L	47,814	$1,533	0.1%	$26.35	—	Equity Unit	293792107
ENB	Enbridge Inc	20,387	$975	0.1%	$32.18	+46.4%	Equity	29250N105
—	KKR Income Opportunities Fund	47,436	$550	0.0%	$13.58	—	Exchange Traded Fund	48249T106
USAC	USA Compression Partners LP	47,351	$1,089	0.1%	$22.87	—	Equity Unit	90290N109
FRO	Frontline PLC	48,065	$1,049	0.1%	$15.65	+49.4%	Equity	M46528101
—	PIMCO Access Income Fund	43,963	$673	0.0%	$15.73	—	Exchange Traded Fund	72203T100
—	Western Asset Diversified Inco	47,185	$652	0.0%	$15.68	—	Exchange Traded Fund	95790K109
APAM	Artisan Partners Asset Managem	15,590	$635	0.0%	$36.41	+11.8%	Equity	04316A108
GNK	Genco Shipping & Trading Ltd	48,861	$901	0.1%	$17.48	+0.4%	Equity	Y2685T131
—	Nuveen Credit Strategies Incom	147,965	$743	0.0%	$6.75	—	Exchange Traded Fund	67073D102
VNQ	Vanguard Real Estate ETF	10,000	$885	0.1%	$92.90	—	Exchange Traded Fund	922908553
GLPI	Gaming and Leisure Properties	16,031	$716	0.0%	$47.16	—	Equity	36467J108
AMH	American Homes 4 Rent	20,462	$657	0.0%	$36.78	—	Equity	02665T306
BSM	Black Stone Minerals LP	65,505	$871	0.0%	$15.88	—	Equity Unit	09225M101
CAPL	CrossAmerica Partners LP	48,591	$1,001	0.1%	$22.76	—	Equity Unit	22758A105
ITA	iShares U.S. Aerospace & Defen	2,390	$513	0.0%	$121.48	—	Exchange Traded Fund	464288760
OBDC	Blue Owl Capital Corp	49,184	$611	0.0%	$13.10	-5.7%	Equity	69121K104
—	Morgan Stanley Emerging Market	141,046	$766	0.0%	$4.94	—	Exchange Traded Fund	617477104
AEM	Agnico Eagle Mines Ltd	6,168	$1,046	0.1%	$115.22	+45.7%	Equity	008474108
AB	AllianceBernstein Holding LP	20,831	$802	0.0%	$34.74	—	Equity Unit	01881G106
—	PIMCO Dynamic Income Opportuni	52,448	$726	0.0%	$12.62	—	Exchange Traded Fund	69355M107
OCSL	Oaktree Specialty Lending Corp	43,855	$559	0.0%	$19.51	-31.5%	Equity	67401P405
WES	Western Midstream Partners LP	17,962	$709	0.0%	$29.26	—	Equity Unit	958669103
BA	Boeing Co/The	6,000	$1,303	0.1%	$180.59	+13.9%	Equity	097023105
HESM	Hess Midstream LP	36,654	$1,265	0.1%	$26.26	+24.2%	Equity	428103105
SPG	Simon Property Group Inc	2,400	$444	0.0%	$129.54	+38.9%	Equity	828806109
—	Morgan Stanley Emerging Market	84,649	$626	0.0%	$7.93	—	Exchange Traded Fund	61744H105
FLNG	FLEX LNG Ltd	40,010	$998	0.1%	$22.54	+11.0%	Equity	G35947202
—	Nuveen Preferred & Income Oppo	75,805	$615	0.0%	$7.99	—	Exchange Traded Fund	67073B106
FSK	FS KKR Capital Corp	71,755	$1,063	0.1%	$12.63	+16.3%	Equity	302635206
HTGC	Hercules Capital Inc	37,385	$704	0.0%	$19.64	-8.1%	Equity	427096508
CQP	Cheniere Energy Partners LP	30,922	$1,654	0.1%	$49.65	—	Equity Unit	16411Q101