McGowan Group Asset Management, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FLS	FLOWSERVE CORP	365,386	$25,351	3.1%	$64.09	0.0%	COM	34354P105
EQT	EQT CORP	210,348	$11,275	1.4%	$56.13	0.0%	COM	26884L109
VFLO	VICTORY PORTFOLIOS II VICTORYSHARES FREE C	109,140	$4,298	0.5%	$39.38	—	SHARES FREE CASH	92647X830
UAMY	UNITED STATES ANTIMONY CORP COM	441,435	$2,216	0.3%	$7.85	0.0%	COM	911549103
LYB	LYONDELLBASELL INDUSTRIES NV ORD CL A	9,139	$396	0.0%	$44.45	0.0%	SHS A	N53745100
CE	CELANESE CORP DEL COM SER A	9,330	$394	0.0%	$40.78	0.0%	COM	150870103
GT	GOODYEAR TIRE & RUBBER CO COM	26,060	$228	0.0%	$7.88	0.0%	COM	382550101
INTC	INTEL CORP COM	5,998	$221	0.0%	$37.76	0.0%	COM	458140100
CMI	CUMMINS INC	431	$220	0.0%	$466.32	0.0%	COM	231021106
—	NUVEEN CALIF QUALITY MUN INCOME FD	17,851	$211	0.0%	$11.81	—	COM	67066Y105
GLD	SPDR GOLD TR GOLD SHS	529	$210	0.0%	$396.31	—	GOLD SHS	78463V107
CB	CHUBB LTD COM	670	$209	0.0%	$292.40	0.0%	COM	H1467J104

Increased Positions (27)

GOOGL ALPHABET INC CAP STK CL A 1.3%

Value ($000) $10,106 (+33.0%) Shares 32,288 (+3.3%) Est. Cost $168.86 Unrealized +69.1%

GSST GOLDMAN SACHS ETF TR TR ACCESS ULTRA SHORT 2.3%

Value ($000) $18,603 (+9.2%) Shares 368,597 (+9.7%) Est. Cost $50.60 Unrealized —

— NUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND 2.0%

Value ($000) $16,371 (+7.5%) Shares 1,362,021 (+4.5%) Est. Cost $11.86 Unrealized —

— NUVEEN INSURED TAX FREE ADVANTAGE 2.0%

Value ($000) $16,403 (+6.7%) Shares 1,410,373 (+4.5%) Est. Cost $11.51 Unrealized —

STKS THE ONE GROUP HOSPITALITY INC COM 0.2%

Value ($000) $1,654 (-33.4%) Shares 945,000 (+12.7%) Est. Cost $2.78 Unrealized —

ENVX ENOVIX CORP 0.3%

Value ($000) $2,808 (-22.3%) Shares 384,123 (+6.0%) Est. Cost $11.89 Unrealized -18.5%

TMUS T MOBILE US 0.5%

Value ($000) $4,031 (-13.7%) Shares 19,855 (+1.7%) Est. Cost $240.98 Unrealized -12.3%

— NUVEEN MUNICIPAL CREDIT INCOME FUND 0.8%

Value ($000) $6,059 (+10.8%) Shares 478,625 (+7.6%) Est. Cost $12.70 Unrealized —

— NUVEEN DIVIDEND MUNICIPAL FUND 0.7%

Value ($000) $5,694 (+8.9%) Shares 452,589 (+8.7%) Est. Cost $12.59 Unrealized —

MSFT MICROSOFT CORP COM 1.0%

Value ($000) $8,264 (-4.8%) Shares 17,088 (+1.9%) Est. Cost $250.73 Unrealized +99.7%

AAPL APPLE INC COM 0.6%

Value ($000) $5,235 (+8.1%) Shares 19,257 (+1.2%) Est. Cost $102.44 Unrealized +162.0%

AMZN AMAZON COM INC 0.6%

Value ($000) $4,848 (+6.3%) Shares 21,002 (+1.1%) Est. Cost $130.84 Unrealized +74.9%

CPA COPA HOLDING S A CL A COM 0.3%

Value ($000) $2,437 (+13.1%) Shares 20,209 (+11.4%) Est. Cost $98.48 Unrealized +23.1%

ET ENERGY TRANSFER LP COM UNITS 1.8%

Value ($000) $14,830 (-1.8%) Shares 899,349 (+2.1%) Est. Cost $12.95 Unrealized —

RLGT RADIANT LOGISTICS INC 0.1%

Value ($000) $897 (+27.9%) Shares 141,631 (+19.2%) Est. Cost $6.76 Unrealized -8.2%

WMT WALMART INC 0.1%

Value ($000) $899 (+11.5%) Shares 8,070 (+3.1%) Est. Cost $57.41 Unrealized +86.7%

RTX RAYTHEON TECHNOLOGIES CORP 0.1%

Value ($000) $583 (+17.0%) Shares 3,178 (+6.8%) Est. Cost $75.67 Unrealized +129.1%

MLPA GLOBAL X FDS MLP ETF 0.0%

Value ($000) $311 (+28.7%) Shares 6,431 (+28.7%) Est. Cost $48.42 Unrealized —

AVGO BROADCOM INC COM 0.0%

Value ($000) $290 (+26.0%) Shares 837 (+20.1%) Est. Cost $314.31 Unrealized +13.6%

IBM INTERNATIONAL BUSINESS MACHS CORP COM 0.1%

Value ($000) $798 (+6.3%) Shares 2,693 (+1.2%) Est. Cost $140.01 Unrealized +113.4%

TJX TJX COS INC NEW 0.0%

Value ($000) $277 (+20.4%) Shares 1,805 (+13.3%) Est. Cost $134.09 Unrealized +10.1%

VGT VANGUARD WORLD FDS INFORMATION TECH ETF 0.0%

Value ($000) $250 (+19.7%) Shares 332 (+18.6%) Est. Cost $748.46 Unrealized —

CSCO CISCO SYSTEMS INC 0.0%

Value ($000) $309 (+14.2%) Shares 4,006 (+1.4%) Est. Cost $43.34 Unrealized +70.3%

MELI MERCADOLIBRE INC 0.0%

Value ($000) $318 (-9.2%) Shares 158 (+5.3%) Est. Cost $2032.62 Unrealized +3.3%

META META PLATFORMS INC 0.1%

Value ($000) $732 (-3.9%) Shares 1,109 (+6.9%) Est. Cost $241.89 Unrealized +175.9%

ORLY O REILLY AUTOMOTIVE INC NEW COM 0.0%

Value ($000) $279 (-8.2%) Shares 3,060 (+8.5%) Est. Cost $90.60 Unrealized +7.8%

VOC VOC ENERGY TR TR UNIT 0.0%

Value ($000) $300 (-5.1%) Shares 111,280 (+3.0%) Est. Cost $5.19 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC CAP STK CL A	32,288 (+3.3%)	$10,106 (+33.0%)	1.3%	$168.86	+69.1%	CAP STK CL A	02079K305
GSST	GOLDMAN SACHS ETF TR TR ACCESS ULTRA SHORT	368,597 (+9.7%)	$18,603 (+9.2%)	2.3%	$50.60	—	ULTRA SHORT BOND	381430230
—	NUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND	1,362,021 (+4.5%)	$16,371 (+7.5%)	2.0%	$11.86	—	COM	67066V101
—	NUVEEN INSURED TAX FREE ADVANTAGE	1,410,373 (+4.5%)	$16,403 (+6.7%)	2.0%	$11.51	—	COM	670657105
STKS	THE ONE GROUP HOSPITALITY INC COM	945,000 (+12.7%)	$1,654 (-33.4%)	0.2%	$2.78	—	COM	88338K103
ENVX	ENOVIX CORP	384,123 (+6.0%)	$2,808 (-22.3%)	0.3%	$11.89	-18.5%	COM	293594107
TMUS	T MOBILE US	19,855 (+1.7%)	$4,031 (-13.7%)	0.5%	$240.98	-12.3%	COM	872590104
—	NUVEEN MUNICIPAL CREDIT INCOME FUND	478,625 (+7.6%)	$6,059 (+10.8%)	0.8%	$12.70	—	COM	67071L106
—	NUVEEN DIVIDEND MUNICIPAL FUND	452,589 (+8.7%)	$5,694 (+8.9%)	0.7%	$12.59	—	COM SH BEN INT	67070X101
MSFT	MICROSOFT CORP COM	17,088 (+1.9%)	$8,264 (-4.8%)	1.0%	$250.73	+99.7%	COM	594918104
AAPL	APPLE INC COM	19,257 (+1.2%)	$5,235 (+8.1%)	0.6%	$102.44	+162.0%	COM	037833100
AMZN	AMAZON COM INC	21,002 (+1.1%)	$4,848 (+6.3%)	0.6%	$130.84	+74.9%	COM	023135106
CPA	COPA HOLDING S A CL A COM	20,209 (+11.4%)	$2,437 (+13.1%)	0.3%	$98.48	+23.1%	CL A	P31076105
ET	ENERGY TRANSFER LP COM UNITS	899,349 (+2.1%)	$14,830 (-1.8%)	1.8%	$12.95	—	COM UT LTD PTN	29273V100
RLGT	RADIANT LOGISTICS INC	141,631 (+19.2%)	$897 (+27.9%)	0.1%	$6.76	-8.2%	COM	75025X100
WMT	WALMART INC	8,070 (+3.1%)	$899 (+11.5%)	0.1%	$57.41	+86.7%	COM	931142103
RTX	RAYTHEON TECHNOLOGIES CORP	3,178 (+6.8%)	$583 (+17.0%)	0.1%	$75.67	+129.1%	COM	75513E101
MLPA	GLOBAL X FDS MLP ETF	6,431 (+28.7%)	$311 (+28.7%)	0.0%	$48.42	—	GLBL X MLP ETF	37954Y343
AVGO	BROADCOM INC COM	837 (+20.1%)	$290 (+26.0%)	0.0%	$314.31	+13.6%	COM	11135F101
IBM	INTERNATIONAL BUSINESS MACHS CORP COM	2,693 (+1.2%)	$798 (+6.3%)	0.1%	$140.01	+113.4%	COM	459200101
TJX	TJX COS INC NEW	1,805 (+13.3%)	$277 (+20.4%)	0.0%	$134.09	+10.1%	COM	872540109
VGT	VANGUARD WORLD FDS INFORMATION TECH ETF	332 (+18.6%)	$250 (+19.7%)	0.0%	$748.46	—	INF TECH ETF	92204A702
CSCO	CISCO SYSTEMS INC	4,006 (+1.4%)	$309 (+14.2%)	0.0%	$43.34	+70.3%	COM	17275R102
MELI	MERCADOLIBRE INC	158 (+5.3%)	$318 (-9.2%)	0.0%	$2032.62	+3.3%	COM	58733R102
META	META PLATFORMS INC	1,109 (+6.9%)	$732 (-3.9%)	0.1%	$241.89	+175.9%	CL A	30303M102
ORLY	O REILLY AUTOMOTIVE INC NEW COM	3,060 (+8.5%)	$279 (-8.2%)	0.0%	$90.60	+7.8%	COM	67103H107
VOC	VOC ENERGY TR TR UNIT	111,280 (+3.0%)	$300 (-5.1%)	0.0%	$5.19	—	TR UNIT	91829B103

Exited Positions (7)

ARCC ARES CAP CORP COM 3.0%

Value ($000) $23,872 Shares 1,169,612 Est. Cost $8.05 Unrealized +145.8%

PR PERMIAN RES CORP CL A 1.5%

Value ($000) $12,031 Shares 939,884 Est. Cost $12.92 Unrealized +3.9%

FANG DIAMONDBACK ENERGY INC 0.5%

Value ($000) $4,017 Shares 28,070 Est. Cost $126.00 Unrealized +16.7%

— UNITED STS TREAS NTS 4.250 10/15/25 B/E DTD 10/15/22 0.0%

Value ($000) $330 Shares 330,000 Est. Cost $1.00 Unrealized —

AVAV AEROVIRONMENT INC COM 0.0%

Value ($000) $234 Shares 744 Est. Cost $258.71 Unrealized +21.5%

OGE OGE ENERGY CORP 0.0%

Value ($000) $207 Shares 4,470 Est. Cost $43.52 Unrealized +2.5%

MDLZ MONDELEZ INTL INC CL A 0.0%

Value ($000) $202 Shares 3,226 Est. Cost $46.91 Unrealized +21.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARCC	ARES CAP CORP COM	1,169,612	$23,872	3.0%	$8.05	+145.8%	—	04010L103
PR	PERMIAN RES CORP CL A	939,884	$12,031	1.5%	$12.92	+3.9%	—	71424F105
FANG	DIAMONDBACK ENERGY INC	28,070	$4,017	0.5%	$126.00	+16.7%	—	25278X109
—	UNITED STS TREAS NTS 4.250 10/15/25 B/E DTD 10/15/22	330,000	$330	0.0%	$1.00	—	—	91282CFP1
AVAV	AEROVIRONMENT INC COM	744	$234	0.0%	$258.71	+21.5%	—	008073108
OGE	OGE ENERGY CORP	4,470	$207	0.0%	$43.52	+2.5%	—	670837103
MDLZ	MONDELEZ INTL INC CL A	3,226	$202	0.0%	$46.91	+21.6%	—	609207105

Decreased Positions (16)

— GENERAL MNY MKT FUND 11.9%

Value ($000) $96,011 (-7.6%) Shares 96,011,095 (-7.6%) Est. Cost $1.00 Unrealized —

ORCL ORACLE CORP COM 0.1%

Value ($000) $745 (-32.6%) Shares 3,820 (-2.8%) Est. Cost $64.56 Unrealized +268.7%

TSLA TESLA MTRS INC COM 0.1%

Value ($000) $741 (-30.3%) Shares 1,647 (-31.1%) Est. Cost $270.58 Unrealized +63.8%

CVX CHEVRON CORP NEW COM 0.8%

Value ($000) $6,291 (-3.3%) Shares 41,280 (-1.4%) Est. Cost $138.51 Unrealized +9.3%

BIL SPDR SER TR SPDR BLOOMBERG 1-3 MNTH T BILL 0.1%

Value ($000) $1,028 (-14.5%) Shares 11,247 (-14.1%) Est. Cost $91.75 Unrealized —

VZ VERIZON COMMUNICATIONS COM 0.1%

Value ($000) $504 (-11.5%) Shares 12,380 (-4.5%) Est. Cost $36.73 Unrealized +10.2%

JNJ JOHNSON & JOHNSON COM 0.1%

Value ($000) $921 (+6.3%) Shares 4,450 (-4.7%) Est. Cost $120.35 Unrealized +63.7%

CG CARLYLE GROUP INC COM 0.1%

Value ($000) $669 (-6.9%) Shares 11,321 (-1.3%) Est. Cost $24.75 Unrealized +127.4%

PLTR PALANTIR TECHNOLOGIES INC CL A 0.1%

Value ($000) $837 (-5.4%) Shares 4,711 (-2.9%) Est. Cost $60.01 Unrealized +201.7%

GDX VANECK VECTORS ETF TR GOLD MINERS ETF 0.0%

Value ($000) $347 (-11.4%) Shares 4,049 (-21.1%) Est. Cost $45.97 Unrealized —

PM PHILIP MORRIS INTL INC COM 0.1%

Value ($000) $908 (-4.2%) Shares 5,660 (-3.2%) Est. Cost $57.65 Unrealized +166.4%

GE GENERAL ELECTRIC CO 0.0%

Value ($000) $235 (-10.1%) Shares 761 (-12.2%) Est. Cost $218.59 Unrealized +37.6%

F FORD MOTOR CO DEL COM PAR 0.1%

Value ($000) $789 (+1.5%) Shares 60,162 (-7.4%) Est. Cost $8.63 Unrealized +48.7%

GD GENERAL DYNAMICS CORP COM 0.0%

Value ($000) $204 (-4.6%) Shares 606 (-3.3%) Est. Cost $313.76 Unrealized +8.6%

JPM JP MORGAN CHASE & CO COM 0.0%

Value ($000) $336 (+0.9%) Shares 1,042 (-1.2%) Est. Cost $123.79 Unrealized +150.0%

TSM TAIWAN SEMICONDUCTOR MFG CO LTD ADR 0.0%

Value ($000) $279 (+0.3%) Shares 917 (-7.8%) Est. Cost $226.46 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	GENERAL MNY MKT FUND	96,011,095 (-7.6%)	$96,011 (-7.6%)	11.9%	$1.00	—	MONEY MARKET	370990228
ORCL	ORACLE CORP COM	3,820 (-2.8%)	$745 (-32.6%)	0.1%	$64.56	+268.7%	COM	68389X105
TSLA	TESLA MTRS INC COM	1,647 (-31.1%)	$741 (-30.3%)	0.1%	$270.58	+63.8%	COM	88160R101
CVX	CHEVRON CORP NEW COM	41,280 (-1.4%)	$6,291 (-3.3%)	0.8%	$138.51	+9.3%	COM	166764100
BIL	SPDR SER TR SPDR BLOOMBERG 1-3 MNTH T BILL	11,247 (-14.1%)	$1,028 (-14.5%)	0.1%	$91.75	—	STATE STREET SPD	78468R663
VZ	VERIZON COMMUNICATIONS COM	12,380 (-4.5%)	$504 (-11.5%)	0.1%	$36.73	+10.2%	COM	92343V104
JNJ	JOHNSON & JOHNSON COM	4,450 (-4.7%)	$921 (+6.3%)	0.1%	$120.35	+63.7%	COM	478160104
CG	CARLYLE GROUP INC COM	11,321 (-1.3%)	$669 (-6.9%)	0.1%	$24.75	+127.4%	COM	14316J108
PLTR	PALANTIR TECHNOLOGIES INC CL A	4,711 (-2.9%)	$837 (-5.4%)	0.1%	$60.01	+201.7%	CL A	69608A108
GDX	VANECK VECTORS ETF TR GOLD MINERS ETF	4,049 (-21.1%)	$347 (-11.4%)	0.0%	$45.97	—	GOLD MINERS ETF	92189F106
PM	PHILIP MORRIS INTL INC COM	5,660 (-3.2%)	$908 (-4.2%)	0.1%	$57.65	+166.4%	COM	718172109
GE	GENERAL ELECTRIC CO	761 (-12.2%)	$235 (-10.1%)	0.0%	$218.59	+37.6%	COM NEW	369604301
F	FORD MOTOR CO DEL COM PAR	60,162 (-7.4%)	$789 (+1.5%)	0.1%	$8.63	+48.7%	COM	345370860
GD	GENERAL DYNAMICS CORP COM	606 (-3.3%)	$204 (-4.6%)	0.0%	$313.76	+8.6%	COM	369550108
JPM	JP MORGAN CHASE & CO COM	1,042 (-1.2%)	$336 (+0.9%)	0.0%	$123.79	+150.0%	COM	46625H100
TSM	TAIWAN SEMICONDUCTOR MFG CO LTD ADR	917 (-7.8%)	$279 (+0.3%)	0.0%	$226.46	—	SPONSORED ADS	874039100

Unchanged Positions (71)

LLY ELI LILLY & CO COM 2.9%

Value ($000) $23,061 Shares 21,458 Est. Cost $63.26 Unrealized +1410.6%

— NUVEEN GLOBAL HIGH INCOME FD SHS 5.9%

Value ($000) $47,284 Shares 3,749,705 Est. Cost $14.25 Unrealized —

— DOUBLELINE INCOME SOLUTIONS FD 4.1%

Value ($000) $32,671 Shares 2,898,929 Est. Cost $8.85 Unrealized —

XOM EXXON MOBIL CORP COM 3.8%

Value ($000) $30,250 Shares 251,373 Est. Cost $92.30 Unrealized +25.1%

— ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FD IN 4.9%

Value ($000) $39,749 Shares 3,718,331 Est. Cost $10.96 Unrealized —

— BLACKROCK CORPORATE HIGH YIELD FD VI INC C 4.2%

Value ($000) $33,795 Shares 3,797,228 Est. Cost $9.40 Unrealized —

BTI BRITISH AMERN TOB PLC SPONSORED ADR 3.9%

Value ($000) $31,665 Shares 559,252 Est. Cost $41.50 Unrealized —

DELL DELL TECHNOLOGIES INC CL C 2.1%

Value ($000) $16,722 Shares 132,829 Est. Cost $113.60 Unrealized +23.9%

BWXT BWX TECHNOLOGIES INC COM 2.8%

Value ($000) $22,201 Shares 128,446 Est. Cost $61.16 Unrealized +206.4%

PAGP PLAINS GP HLDGS L P LTD PARTNER INT CL A 3.2%

Value ($000) $25,663 Shares 1,340,808 Est. Cost $18.50 Unrealized —

— EATON VANCE TAX ADVANTAGED GLO GLOBAL DIVI 1.8%

Value ($000) $14,409 Shares 623,768 Est. Cost $16.72 Unrealized —

— COHEN & STEERS INFRASTRUCTURE FD INC COM 4.1%

Value ($000) $33,287 Shares 1,380,626 Est. Cost $23.54 Unrealized —

EBAY EBAY INC COM 1.7%

Value ($000) $13,372 Shares 153,521 Est. Cost $44.04 Unrealized +96.1%

MMM 3M CO COM 2.5%

Value ($000) $20,510 Shares 128,108 Est. Cost $88.87 Unrealized +83.6%

— EATON VANCE TAX ADVANTAGED DIVID INCOME FU 2.4%

Value ($000) $19,731 Shares 783,596 Est. Cost $24.02 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L P COM UNIT 1.5%

Value ($000) $11,899 Shares 371,150 Est. Cost $28.44 Unrealized —

TXN TEXAS INSTRUMENTS INC 0.7%

Value ($000) $5,774 Shares 33,284 Est. Cost $102.69 Unrealized +66.3%

V VISA INC COM CL A 1.1%

Value ($000) $8,868 Shares 25,286 Est. Cost $161.42 Unrealized +110.9%

LNG CHENIERE ENERGY INC COM NEW 0.2%

Value ($000) $1,250 Shares 6,428 Est. Cost $79.90 Unrealized +162.8%

PANW PALO ALTO NETWORKS INC COM 0.3%

Value ($000) $2,605 Shares 14,144 Est. Cost $188.91 Unrealized +6.8%

SOUN SOUNDHOUND AI INC CL A 0.0%

Value ($000) $375 Shares 37,597 Est. Cost $9.63 Unrealized +49.4%

ALL ALLSTATE CORP COM 0.9%

Value ($000) $7,362 Shares 35,370 Est. Cost $195.32 Unrealized +4.5%

TOST TOAST INC CL A 0.8%

Value ($000) $6,272 Shares 176,622 Est. Cost $24.18 Unrealized +49.1%

CAT CATERPILLAR INC 0.1%

Value ($000) $913 Shares 1,593 Est. Cost $231.74 Unrealized +139.7%

AMAT APPLIED MATERIALS INC 0.1%

Value ($000) $738 Shares 2,871 Est. Cost $127.49 Unrealized +87.8%

KLAC KLA CORP 0.1%

Value ($000) $1,142 Shares 940 Est. Cost $320.39 Unrealized +265.8%

FCX FREEPORT-MCMORAN INC CL B 0.1%

Value ($000) $509 Shares 10,020 Est. Cost $41.55 Unrealized +4.2%

PG PROCTER & GAMBLE CO COM 0.2%

Value ($000) $1,543 Shares 10,765 Est. Cost $113.16 Unrealized +30.0%

EXE EXPAND ENERGY CORPORATION 0.3%

Value ($000) $2,657 Shares 24,073 Est. Cost $99.81 Unrealized +10.8%

APH AMPHENOL CORP NEW CL A 0.2%

Value ($000) $1,306 Shares 9,665 Est. Cost $36.38 Unrealized +267.1%

MO ALTRIA GROUP INC 0.1%

Value ($000) $736 Shares 12,761 Est. Cost $30.65 Unrealized +93.7%

UNM UNUM GROUP 1.8%

Value ($000) $14,674 Shares 189,347 Est. Cost $27.33 Unrealized +179.9%

AZO AUTOZONE INC 0.0%

Value ($000) $237 Shares 70 Est. Cost $3096.63 Unrealized +22.0%

CRK COMSTOCK RES INC COM 0.0%

Value ($000) $321 Shares 13,845 Est. Cost $13.86 Unrealized +59.0%

— PRAIRIELANDS PUB FAC CORP TEX PROJ REV REV BDS PRAIRIELAND DETENTION CT 0.4%

Value ($000) $3,393 Shares 4,900,000 Est. Cost $0.87 Unrealized —

DLR DIGITAL RLTY TR INC COM 0.0%

Value ($000) $345 Shares 2,230 Est. Cost $120.61 Unrealized +35.3%

ACN ACCENTURE PLC IRELAND SHS CL A ISIN#IE00B4 0.1%

Value ($000) $487 Shares 1,815 Est. Cost $206.84 Unrealized +22.8%

SO SOUTHERN CO COM 0.1%

Value ($000) $425 Shares 4,872 Est. Cost $55.20 Unrealized +64.7%

NOC NORTHROP GRUMMAN CORP NEW 0.1%

Value ($000) $413 Shares 725 Est. Cost $495.16 Unrealized +16.9%

— CALAMOS STRATEGIC TOTAL RETURN FD COM SH B 1.9%

Value ($000) $15,314 Shares 797,580 Est. Cost $14.52 Unrealized —

WMB WILLIAMS COS INC COM 0.1%

Value ($000) $483 Shares 8,034 Est. Cost $29.50 Unrealized +103.6%

DUK DUKE ENERGY CORP NEW COM 0.0%

Value ($000) $371 Shares 3,166 Est. Cost $85.36 Unrealized +42.4%

CI CIGNA CORP 0.0%

Value ($000) $403 Shares 1,463 Est. Cost $204.18 Unrealized +36.8%

MA MASTERCARD INC CL A 0.2%

Value ($000) $1,462 Shares 2,561 Est. Cost $225.47 Unrealized +147.9%

CQP CHENIERE ENERGY PARTNERS L P COM UNIT REPT 1.6%

Value ($000) $12,881 Shares 240,859 Est. Cost $41.31 Unrealized —

COST COSTCO WHOLESALE CORP NEW COM 0.0%

Value ($000) $204 Shares 237 Est. Cost $926.62 Unrealized -2.3%

DE DEERE & CO 0.1%

Value ($000) $934 Shares 2,005 Est. Cost $92.02 Unrealized +408.2%

IUSV ISHARES TR CORE S&P U S VALUE ETF 0.0%

Value ($000) $399 Shares 3,893 Est. Cost $63.52 Unrealized —

HMC HONDA MTR LTD ADR 0.0%

Value ($000) $305 Shares 10,350 Est. Cost $31.73 Unrealized —

— FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014 0.2%

Value ($000) $1,499 Shares 1,725,000 Est. Cost $0.86 Unrealized —

QCOM QUALCOMM INC 0.1%

Value ($000) $415 Shares 2,424 Est. Cost $73.97 Unrealized +130.9%

PSX PHILLIPS 66 0.0%

Value ($000) $247 Shares 1,911 Est. Cost $103.33 Unrealized +29.7%

CW CURTISS WRIGHT CORP 0.1%

Value ($000) $703 Shares 1,275 Est. Cost $164.96 Unrealized +238.0%

LHX L3HARRIS TECHNOLOGIES INC COM 0.0%

Value ($000) $251 Shares 855 Est. Cost $271.37 Unrealized +6.3%

PEP PEPSICO INC COM 0.0%

Value ($000) $287 Shares 2,002 Est. Cost $147.72 Unrealized -1.2%

— SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV TOBACCO 0.0%

Value ($000) $317 Shares 3,500,000 Est. Cost $0.07 Unrealized —

COP CONOCOPHILLIPS COM 0.1%

Value ($000) $711 Shares 7,595 Est. Cost $88.91 Unrealized +1.2%

TPZ TORTOISE CAP SER TR POWER & ENERGY INFRAST 0.0%

Value ($000) $247 Shares 12,107 Est. Cost $20.07 Unrealized —

— KAYNE ANDERSON MLP INVESTMENT COMPANY 0.5%

Value ($000) $3,804 Shares 307,232 Est. Cost $8.78 Unrealized —

VTI VANGUARD TOTAL STOCK MARKET ETF 0.0%

Value ($000) $290 Shares 865 Est. Cost $289.84 Unrealized —

PWR QUANTA SVCS INC COM 0.0%

Value ($000) $296 Shares 701 Est. Cost $388.50 Unrealized +13.1%

IVV ISHARES TR S&P 500 INDEX 0.0%

Value ($000) $225 Shares 329 Est. Cost $620.69 Unrealized —

— FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014 0.1%

Value ($000) $429 Shares 540,000 Est. Cost $0.83 Unrealized —

— TOBACCO SETTLEMENT FING CORP VA ASSET BACKED BDS 2007C 0.0%

Value ($000) $210 Shares 830,000 Est. Cost $0.27 Unrealized —

NVDA NVIDIA CORP COM 0.1%

Value ($000) $1,106 Shares 5,929 Est. Cost $107.67 Unrealized +72.9%

AMLP ALPS ETF TR ALERIAN MLP ETF 0.1%

Value ($000) $755 Shares 16,060 Est. Cost $38.75 Unrealized —

— TULANE UNIV LA RFDG-TULANE UNIV-C 0.523 02/15/36 B/E DTD 05/31/07 CLB 0.1%

Value ($000) $616 Shares 660,000 Est. Cost $0.95 Unrealized —

PVL PERMIANVILLE RTY TR TR UNIT 0.0%

Value ($000) $233 Shares 129,686 Est. Cost $1.57 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW 0.2%

Value ($000) $1,614 Shares 3,210 Est. Cost $262.90 Unrealized +89.3%

— PORT SEATTLE WASH REV INTER LIEN BDS 2019 5.000 04/01/44 B/E DTD 08/07/ 0.0%

Value ($000) $203 Shares 200,000 Est. Cost $1.01 Unrealized —

— NORTH TEX TWY AUTH REV SYS REF BDS B 5.000 01/01/43 B/E DTD 11/01/17 CL 0.1%

Value ($000) $555 Shares 550,000 Est. Cost $1.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO COM	21,458	$23,061	2.9%	$63.26	+1410.6%	COM	532457108
—	NUVEEN GLOBAL HIGH INCOME FD SHS	3,749,705	$47,284	5.9%	$14.25	—	SHS	67075G103
—	DOUBLELINE INCOME SOLUTIONS FD	2,898,929	$32,671	4.1%	$8.85	—	COM	258622109
XOM	EXXON MOBIL CORP COM	251,373	$30,250	3.8%	$92.30	+25.1%	COM	30231G102
—	ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FD IN	3,718,331	$39,749	4.9%	$10.96	—	COM	01879R106
—	BLACKROCK CORPORATE HIGH YIELD FD VI INC C	3,797,228	$33,795	4.2%	$9.40	—	COM	09255P107
BTI	BRITISH AMERN TOB PLC SPONSORED ADR	559,252	$31,665	3.9%	$41.50	—	SPONSORED ADR	110448107
DELL	DELL TECHNOLOGIES INC CL C	132,829	$16,722	2.1%	$113.60	+23.9%	CL C	24703L202
BWXT	BWX TECHNOLOGIES INC COM	128,446	$22,201	2.8%	$61.16	+206.4%	COM	05605H100
PAGP	PLAINS GP HLDGS L P LTD PARTNER INT CL A	1,340,808	$25,663	3.2%	$18.50	—	LTD PARTNR INT A	72651A207
—	EATON VANCE TAX ADVANTAGED GLO GLOBAL DIVI	623,768	$14,409	1.8%	$16.72	—	COM	27828S101
—	COHEN & STEERS INFRASTRUCTURE FD INC COM	1,380,626	$33,287	4.1%	$23.54	—	COM	19248A109
EBAY	EBAY INC COM	153,521	$13,372	1.7%	$44.04	+96.1%	COM	278642103
MMM	3M CO COM	128,108	$20,510	2.5%	$88.87	+83.6%	COM	88579Y101
—	EATON VANCE TAX ADVANTAGED DIVID INCOME FU	783,596	$19,731	2.4%	$24.02	—	COM	27828G107
EPD	ENTERPRISE PRODS PARTNERS L P COM UNIT	371,150	$11,899	1.5%	$28.44	—	COM	293792107
TXN	TEXAS INSTRUMENTS INC	33,284	$5,774	0.7%	$102.69	+66.3%	COM	882508104
V	VISA INC COM CL A	25,286	$8,868	1.1%	$161.42	+110.9%	COM CL A	92826C839
LNG	CHENIERE ENERGY INC COM NEW	6,428	$1,250	0.2%	$79.90	+162.8%	COM NEW	16411R208
PANW	PALO ALTO NETWORKS INC COM	14,144	$2,605	0.3%	$188.91	+6.8%	COM	697435105
SOUN	SOUNDHOUND AI INC CL A	37,597	$375	0.0%	$9.63	+49.4%	CLASS A COM	836100107
ALL	ALLSTATE CORP COM	35,370	$7,362	0.9%	$195.32	+4.5%	COM	020002101
TOST	TOAST INC CL A	176,622	$6,272	0.8%	$24.18	+49.1%	CL A	888787108
CAT	CATERPILLAR INC	1,593	$913	0.1%	$231.74	+139.7%	COM	149123101
AMAT	APPLIED MATERIALS INC	2,871	$738	0.1%	$127.49	+87.8%	COM	038222105
KLAC	KLA CORP	940	$1,142	0.1%	$320.39	+265.8%	COM NEW	482480100
FCX	FREEPORT-MCMORAN INC CL B	10,020	$509	0.1%	$41.55	+4.2%	CL B	35671D857
PG	PROCTER & GAMBLE CO COM	10,765	$1,543	0.2%	$113.16	+30.0%	COM	742718109
EXE	EXPAND ENERGY CORPORATION	24,073	$2,657	0.3%	$99.81	+10.8%	COM	165167735
APH	AMPHENOL CORP NEW CL A	9,665	$1,306	0.2%	$36.38	+267.1%	CL A	032095101
MO	ALTRIA GROUP INC	12,761	$736	0.1%	$30.65	+93.7%	COM	02209S103
UNM	UNUM GROUP	189,347	$14,674	1.8%	$27.33	+179.9%	COM	91529Y106
AZO	AUTOZONE INC	70	$237	0.0%	$3096.63	+22.0%	COM	053332102
CRK	COMSTOCK RES INC COM	13,845	$321	0.0%	$13.86	+59.0%	COM	205768302
—	PRAIRIELANDS PUB FAC CORP TEX PROJ REV REV BDS PRAIRIELAND DETENTION CT	4,900,000	$3,393	0.4%	$0.87	—	MUNICIPAL BOND	73972CAN4
DLR	DIGITAL RLTY TR INC COM	2,230	$345	0.0%	$120.61	+35.3%	COM	253868103
ACN	ACCENTURE PLC IRELAND SHS CL A ISIN#IE00B4	1,815	$487	0.1%	$206.84	+22.8%	SHS CLASS A	G1151C101
SO	SOUTHERN CO COM	4,872	$425	0.1%	$55.20	+64.7%	COM	842587107
NOC	NORTHROP GRUMMAN CORP NEW	725	$413	0.1%	$495.16	+16.9%	COM	666807102
—	CALAMOS STRATEGIC TOTAL RETURN FD COM SH B	797,580	$15,314	1.9%	$14.52	—	COM SH BEN INT	128125101
WMB	WILLIAMS COS INC COM	8,034	$483	0.1%	$29.50	+103.6%	COM	969457100
DUK	DUKE ENERGY CORP NEW COM	3,166	$371	0.0%	$85.36	+42.4%	COM NEW	26441C204
CI	CIGNA CORP	1,463	$403	0.0%	$204.18	+36.8%	COM	125523100
MA	MASTERCARD INC CL A	2,561	$1,462	0.2%	$225.47	+147.9%	CL A	57636Q104
CQP	CHENIERE ENERGY PARTNERS L P COM UNIT REPT	240,859	$12,881	1.6%	$41.31	—	COM UNIT	16411Q101
COST	COSTCO WHOLESALE CORP NEW COM	237	$204	0.0%	$926.62	-2.3%	COM	22160K105
DE	DEERE & CO	2,005	$934	0.1%	$92.02	+408.2%	COM	244199105
IUSV	ISHARES TR CORE S&P U S VALUE ETF	3,893	$399	0.0%	$63.52	—	CORE S&P US VLU	464287663
HMC	HONDA MTR LTD ADR	10,350	$305	0.0%	$31.73	—	ADR ECH CNV IN 3	438128308
—	FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014	1,725,000	$1,499	0.2%	$0.86	—	MUNICIPAL BOND	307149AM6
QCOM	QUALCOMM INC	2,424	$415	0.1%	$73.97	+130.9%	COM	747525103
PSX	PHILLIPS 66	1,911	$247	0.0%	$103.33	+29.7%	COM	718546104
CW	CURTISS WRIGHT CORP	1,275	$703	0.1%	$164.96	+238.0%	COM	231561101
LHX	L3HARRIS TECHNOLOGIES INC COM	855	$251	0.0%	$271.37	+6.3%	COM	502431109
PEP	PEPSICO INC COM	2,002	$287	0.0%	$147.72	-1.2%	COM	713448108
—	SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV TOBACCO	3,500,000	$317	0.0%	$0.07	—	MUNICIPAL BOND	82706TAD3
COP	CONOCOPHILLIPS COM	7,595	$711	0.1%	$88.91	+1.2%	COM	20825C104
TPZ	TORTOISE CAP SER TR POWER & ENERGY INFRAST	12,107	$247	0.0%	$20.07	—	ESSENTIAL ENERGY	890930100
—	KAYNE ANDERSON MLP INVESTMENT COMPANY	307,232	$3,804	0.5%	$8.78	—	COM	486606106
VTI	VANGUARD TOTAL STOCK MARKET ETF	865	$290	0.0%	$289.84	—	TOTAL STK MKT	922908769
PWR	QUANTA SVCS INC COM	701	$296	0.0%	$388.50	+13.1%	COM	74762E102
IVV	ISHARES TR S&P 500 INDEX	329	$225	0.0%	$620.69	—	CORE S&P500 ETF	464287200
—	FANNIN CNTY TEX PUB FAC CORP REV REF BDS DETENTION FAC PROJ 2014	540,000	$429	0.1%	$0.83	—	MUNICIPAL BOND	307149AN4
—	TOBACCO SETTLEMENT FING CORP VA ASSET BACKED BDS 2007C	830,000	$210	0.0%	$0.27	—	MUNICIPAL BOND	88880NAW9
NVDA	NVIDIA CORP COM	5,929	$1,106	0.1%	$107.67	+72.9%	COM	67066G104
AMLP	ALPS ETF TR ALERIAN MLP ETF	16,060	$755	0.1%	$38.75	—	ALERIAN MLP	00162Q452
—	TULANE UNIV LA RFDG-TULANE UNIV-C 0.523 02/15/36 B/E DTD 05/31/07 CLB	660,000	$616	0.1%	$0.95	—	MUNICIPAL BOND	899062BQ5
PVL	PERMIANVILLE RTY TR TR UNIT	129,686	$233	0.0%	$1.57	—	TR UNIT	71425H100
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	3,210	$1,614	0.2%	$262.90	+89.3%	CL B NEW	084670702
—	PORT SEATTLE WASH REV INTER LIEN BDS 2019 5.000 04/01/44 B/E DTD 08/07/	200,000	$203	0.0%	$1.01	—	MUNICIPAL BOND	735389J33
—	NORTH TEX TWY AUTH REV SYS REF BDS B 5.000 01/01/43 B/E DTD 11/01/17 CL	550,000	$555	0.1%	$1.03	—	MUNICIPAL BOND	66285WXM3