Deane Retirement Strategies, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VGLT	VANGUARD LONG-TERM TREASURY ETF	223,976	$12,416	5.1%	$55.43	—	ETF	92206C847
EDV	VANGUARD EXTENDED DURATION TREASURY ETF	172,424	$11,142	4.6%	$64.62	—	ETF	921910709
XLV	STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF	52,459	$8,150	3.4%	$155.35	—	ETF	81369Y209
HII	HUNTINGTON INGALLS INDS INC COM	15,494	$5,237	2.2%	$309.50	0.0%	Stock	446413106
PCAR	PACCAR INC COM	45,828	$4,989	2.1%	$101.22	0.0%	Stock	693718108
XOP	STATE STREET SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF	37,469	$4,731	2.0%	$126.26	—	ETF	78468R556
LOW	LOWES COS INC COM	19,491	$4,700	1.9%	$239.83	0.0%	Stock	548661107
DOW	DOW INC COM	198,169	$4,605	1.9%	$22.78	0.0%	Stock	260557103
LIN	LINDE PLC SHS	10,716	$4,540	1.9%	$427.28	0.0%	Stock	G54950103
IEMG	ISHARES CORE MSCI EMERGING MARKETS ETF	430	$29	0.0%	$67.22	—	ETF	46434G103
SPSM	STATE STREET SPDR PORTFOLIO S&P 600 SMALL CAP ETF	279	$13	0.0%	$46.86	—	ETF	78468R853
TIP	ISHARES TIPS BOND ETF	77	$8	0.0%	$109.91	—	ETF	464287176
SPIP	STATE STREET SPDR PORTFOLIO TIPS ETF	326	$8	0.0%	$25.95	—	ETF	78464A656

Increased Positions (14)

GOVT ISHARES U.S. TREASURY BOND ETF 5.2%

Value ($000) $12,485 (+9582.9%) Shares 545,907 (+9688.5%) Est. Cost $22.89 Unrealized —

ADBE ADOBE SYS INC 3.0%

Value ($000) $7,195 (+55.8%) Shares 20,602 (+57.5%) Est. Cost $351.94 Unrealized -3.4%

CRM SALESFORCE INC COM 2.9%

Value ($000) $6,945 (+49.9%) Shares 26,266 (+34.6%) Est. Cost $250.59 Unrealized -1.0%

AMZN AMAZON.COM INC 3.0%

Value ($000) $7,220 (+32.4%) Shares 31,323 (+26.2%) Est. Cost $212.27 Unrealized +7.8%

GLD SPDR GOLD SHARES 3.3%

Value ($000) $8,009 (+12.9%) Shares 20,210 (+1.2%) Est. Cost $240.85 Unrealized —

IAU ISHARES GOLD TRUST 2.6%

Value ($000) $6,404 (+14.7%) Shares 78,897 (+2.8%) Est. Cost $44.89 Unrealized —

XOM EXXON MOBIL CORP COM 2.1%

Value ($000) $4,987 (+8.3%) Shares 41,440 (+1.5%) Est. Cost $71.08 Unrealized +62.5%

IAUM ISHARES GOLD TRUST MICRO ETF OF BENEF INTEREST 0.1%

Value ($000) $151 (+60.5%) Shares 3,509 (+43.7%) Est. Cost $31.37 Unrealized —

IGV ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF 0.0%

Value ($000) $97 (+42.9%) Shares 919 (+55.5%) Est. Cost $111.68 Unrealized —

IDEV ISHARES CORE MSCI INTERNATIONAL DEVELOPED MARKETS ETF 0.0%

Value ($000) $28 (+30.1%) Shares 344 (+26.5%) Est. Cost $70.47 Unrealized —

RSP INVESCO S&P 500 EQUAL WEIGHT ETF 0.0%

Value ($000) $26 (+16.1%) Shares 138 (+15.0%) Est. Cost $183.94 Unrealized —

SPMD STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF 0.0%

Value ($000) $13 (+13.9%) Shares 226 (+12.4%) Est. Cost $57.27 Unrealized —

SHY ISHARES 1-3 YEAR TREASURY BOND ETF 0.1%

Value ($000) $133 (+0.9%) Shares 1,611 (+1.1%) Est. Cost $81.06 Unrealized —

XLY STATE STREET CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF 0.0%

Value ($000) $68 (-0.3%) Shares 570 (+100.0%) Est. Cost $179.52 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOVT	ISHARES U.S. TREASURY BOND ETF	545,907 (+9688.5%)	$12,485 (+9582.9%)	5.2%	$22.89	—	ETF	46429B267
ADBE	ADOBE SYS INC	20,602 (+57.5%)	$7,195 (+55.8%)	3.0%	$351.94	-3.4%	Stock	00724F101
CRM	SALESFORCE INC COM	26,266 (+34.6%)	$6,945 (+49.9%)	2.9%	$250.59	-1.0%	Stock	79466L302
AMZN	AMAZON.COM INC	31,323 (+26.2%)	$7,220 (+32.4%)	3.0%	$212.27	+7.8%	Stock	023135106
GLD	SPDR GOLD SHARES	20,210 (+1.2%)	$8,009 (+12.9%)	3.3%	$240.85	—	ETF	78463V107
IAU	ISHARES GOLD TRUST	78,897 (+2.8%)	$6,404 (+14.7%)	2.6%	$44.89	—	ETF	464285204
XOM	EXXON MOBIL CORP COM	41,440 (+1.5%)	$4,987 (+8.3%)	2.1%	$71.08	+62.5%	Stock	30231G102
IAUM	ISHARES GOLD TRUST MICRO ETF OF BENEF INTEREST	3,509 (+43.7%)	$151 (+60.5%)	0.1%	$31.37	—	ETF	46436F103
IGV	ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF	919 (+55.5%)	$97 (+42.9%)	0.0%	$111.68	—	ETF	464287515
IDEV	ISHARES CORE MSCI INTERNATIONAL DEVELOPED MARKETS ETF	344 (+26.5%)	$28 (+30.1%)	0.0%	$70.47	—	ETF	46435G326
RSP	INVESCO S&P 500 EQUAL WEIGHT ETF	138 (+15.0%)	$26 (+16.1%)	0.0%	$183.94	—	ETF	46137V357
SPMD	STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF	226 (+12.4%)	$13 (+13.9%)	0.0%	$57.27	—	ETF	78464A847
SHY	ISHARES 1-3 YEAR TREASURY BOND ETF	1,611 (+1.1%)	$133 (+0.9%)	0.1%	$81.06	—	ETF	464287457
XLY	STATE STREET CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF	570 (+100.0%)	$68 (-0.3%)	0.0%	$179.52	—	ETF	81369Y407

Exited Positions (12)

PAVE GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF 3.8%

Value ($000) $9,245 Shares 194,181 Est. Cost $47.61 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW 1.9%

Value ($000) $4,644 Shares 9,239 Est. Cost $334.52 Unrealized +48.7%

NOW SERVICENOW INC COM 1.9%

Value ($000) $4,505 Shares 4,890 Est. Cost $186.78 Unrealized -8.2%

COST COSTCO WHOLESALE CORP 1.7%

Value ($000) $4,170 Shares 4,507 Est. Cost $956.70 Unrealized -5.3%

IJH ISHARES CORE S&P MID-CAP ETF 1.4%

Value ($000) $3,401 Shares 52,121 Est. Cost $65.26 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.9%

Value ($000) $2,102 Shares 32,342 Est. Cost $52.71 Unrealized —

XLI INDUSTRIAL SELECT SECTOR SPDR FUND 0.1%

Value ($000) $133 Shares 864 Est. Cost $154.23 Unrealized —

VOO VANGUARD S&P 500 ETF 0.0%

Value ($000) $118 Shares 192 Est. Cost $531.25 Unrealized —

EMXC ISHARES MSCI EMERGING MARKETS EX CHINA ETF 0.0%

Value ($000) $22 Shares 328 Est. Cost $63.14 Unrealized —

ETHA ISHARES ETHEREUM TRUST ETF 0.0%

Value ($000) $11 Shares 336 Est. Cost $31.51 Unrealized —

PTIN PACER TRENDPILOT INTERNATIONAL ETF 0.0%

Value ($000) $10 Shares 337 Est. Cost $29.01 Unrealized —

LAES SEALSQ CORP ORD SHS 0.0%

Value ($000) $2 Shares 650 Est. Cost $3.74 Unrealized +36.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PAVE	GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF	194,181	$9,245	3.8%	$47.61	—	—	37954Y673
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	9,239	$4,644	1.9%	$334.52	+48.7%	—	084670702
NOW	SERVICENOW INC COM	4,890	$4,505	1.9%	$186.78	-8.2%	—	81762P102
COST	COSTCO WHOLESALE CORP	4,507	$4,170	1.7%	$956.70	-5.3%	—	22160K105
IJH	ISHARES CORE S&P MID-CAP ETF	52,121	$3,401	1.4%	$65.26	—	—	464287507
IBIT	ISHARES BITCOIN TRUST ETF	32,342	$2,102	0.9%	$52.71	—	—	46438F101
XLI	INDUSTRIAL SELECT SECTOR SPDR FUND	864	$133	0.1%	$154.23	—	—	81369Y704
VOO	VANGUARD S&P 500 ETF	192	$118	0.0%	$531.25	—	—	922908363
EMXC	ISHARES MSCI EMERGING MARKETS EX CHINA ETF	328	$22	0.0%	$63.14	—	—	46434G764
ETHA	ISHARES ETHEREUM TRUST ETF	336	$11	0.0%	$31.51	—	—	46438R105
PTIN	PACER TRENDPILOT INTERNATIONAL ETF	337	$10	0.0%	$29.01	—	—	69374H683
LAES	SEALSQ CORP ORD SHS	650	$2	0.0%	$3.74	+36.4%	—	G79483106

Decreased Positions (12)

STIP ISHARES 0-5 YEAR TIPS BOND ETF 0.0%

Value ($000) $107 (-99.4%) Shares 96 (-99.9%) Est. Cost $103.03 Unrealized —

VGSH VANGUARD SHORT-TERM TREASURY ETF 0.0%

Value ($000) $88 (-99.2%) Shares 426 (-99.8%) Est. Cost $59.01 Unrealized —

NFLX NETFLIX COM INC 0.2%

Value ($000) $405 (-91.8%) Shares 3,812 (-7.1%) Est. Cost $65.84 Unrealized +63.7%

IJR ISHARES CORE S&P SMALL CAP ETF 0.0%

Value ($000) $29 (-99.1%) Shares 1 (-100.0%) Est. Cost $118.81 Unrealized —

CAT CATERPILLAR INC COM 1.7%

Value ($000) $4,081 (-40.0%) Shares 7,123 (-50.1%) Est. Cost $330.84 Unrealized +67.9%

GOOGL GOOGLE INC 2.2%

Value ($000) $5,243 (-26.1%) Shares 16,680 (-42.9%) Est. Cost $176.44 Unrealized +61.9%

NEM NEWMONT CORP COM 1.7%

Value ($000) $4,044 (-30.0%) Shares 40,500 (-40.9%) Est. Cost $44.61 Unrealized +102.2%

GDXJ VANECK JUNIOR GOLD MINERS ETF 1.1%

Value ($000) $2,626 (-38.7%) Shares 23,081 (-46.7%) Est. Cost $57.34 Unrealized —

VMC VULCAN MATLS CO COM 2.1%

Value ($000) $5,005 (-8.2%) Shares 17,547 (-1.1%) Est. Cost $213.64 Unrealized +37.2%

BIL STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF 0.0%

Value ($000) $60 (-87.2%) Shares 662 (-87.2%) Est. Cost $91.73 Unrealized —

SPYM STATE STREET SPDR PORTFOLIO S&P 500 ETF 0.4%

Value ($000) $936 (+1.3%) Shares 11,669 (-1.1%) Est. Cost $41.16 Unrealized —

GLDM SPDR GOLD MINISHARES TRUST OF BENEFICIAL INTEREST 0.0%

Value ($000) $28 (+10.0%) Shares 330 (-1.5%) Est. Cost $65.67 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
STIP	ISHARES 0-5 YEAR TIPS BOND ETF	96 (-99.9%)	$107 (-99.4%)	0.0%	$103.03	—	ETF	46429B747
VGSH	VANGUARD SHORT-TERM TREASURY ETF	426 (-99.8%)	$88 (-99.2%)	0.0%	$59.01	—	ETF	92206C102
NFLX	NETFLIX COM INC	3,812 (-7.1%)	$405 (-91.8%)	0.2%	$65.84	+63.7%	Stock	64110L106
IJR	ISHARES CORE S&P SMALL CAP ETF	1 (-100.0%)	$29 (-99.1%)	0.0%	$118.81	—	ETF	464287804
CAT	CATERPILLAR INC COM	7,123 (-50.1%)	$4,081 (-40.0%)	1.7%	$330.84	+67.9%	Stock	149123101
GOOGL	GOOGLE INC	16,680 (-42.9%)	$5,243 (-26.1%)	2.2%	$176.44	+61.9%	Stock	02079K305
NEM	NEWMONT CORP COM	40,500 (-40.9%)	$4,044 (-30.0%)	1.7%	$44.61	+102.2%	Stock	651639106
GDXJ	VANECK JUNIOR GOLD MINERS ETF	23,081 (-46.7%)	$2,626 (-38.7%)	1.1%	$57.34	—	ETF	92189F791
VMC	VULCAN MATLS CO COM	17,547 (-1.1%)	$5,005 (-8.2%)	2.1%	$213.64	+37.2%	Stock	929160109
BIL	STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF	662 (-87.2%)	$60 (-87.2%)	0.0%	$91.73	—	ETF	78468R663
SPYM	STATE STREET SPDR PORTFOLIO S&P 500 ETF	11,669 (-1.1%)	$936 (+1.3%)	0.4%	$41.16	—	ETF	78464A854
GLDM	SPDR GOLD MINISHARES TRUST OF BENEFICIAL INTEREST	330 (-1.5%)	$28 (+10.0%)	0.0%	$65.67	—	ETF	98149E303

Unchanged Positions (32)

ORLY OREILLY AUTOMOTIVE INC COM 2.1%

Value ($000) $5,110 Shares 56,021 Est. Cost $89.76 Unrealized +8.8%

VEA VANGUARD FTSE DEVELOPED MARKETS ETF 5.3%

Value ($000) $12,886 Shares 206,269 Est. Cost $57.00 Unrealized —

VTIP VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF 7.8%

Value ($000) $18,904 Shares 382,212 Est. Cost $48.71 Unrealized —

WMT WALMART INC COM 2.1%

Value ($000) $5,093 Shares 45,710 Est. Cost $71.97 Unrealized +48.9%

AAPL APPLE INC 2.5%

Value ($000) $5,955 Shares 21,906 Est. Cost $214.54 Unrealized +25.1%

TJX TJX COS INC NEW COM 2.0%

Value ($000) $4,915 Shares 31,995 Est. Cost $88.93 Unrealized +66.1%

IEFA ISHARES CORE MSCI EAFE ETF 4.9%

Value ($000) $11,792 Shares 131,809 Est. Cost $75.82 Unrealized —

TXN TEXAS INSTRS INC COM 1.9%

Value ($000) $4,672 Shares 26,931 Est. Cost $175.59 Unrealized -2.8%

PTLC PACER TRENDPILOT US LARGE CAP ETF 5.1%

Value ($000) $12,405 Shares 223,200 Est. Cost $50.75 Unrealized —

DBMF IMGP DBI MANAGED FUTURES STRATEGY ETF 2.5%

Value ($000) $6,075 Shares 216,508 Est. Cost $25.73 Unrealized —

LMT LOCKHEED MARTIN CORP 2.0%

Value ($000) $4,748 Shares 9,816 Est. Cost $448.15 Unrealized +6.3%

CTA SIMPLIFY MANAGED FUTURES STRATEGY ETF 2.2%

Value ($000) $5,303 Shares 194,542 Est. Cost $26.74 Unrealized —

RJF RAYMOND JAMES FINL INC 0.2%

Value ($000) $403 Shares 2,509 Est. Cost $95.04 Unrealized +69.3%

MA MASTERCARD INC 2.4%

Value ($000) $5,871 Shares 10,284 Est. Cost $444.85 Unrealized +25.6%

RCL ROYAL CARRIBBEAN CRUISES LTD 0.1%

Value ($000) $126 Shares 451 Est. Cost $61.30 Unrealized +359.4%

MRK MERCK & CO INC 0.0%

Value ($000) $44 Shares 415 Est. Cost $81.01 Unrealized +15.1%

AMGN AMGEN INC 0.0%

Value ($000) $33 Shares 100 Est. Cost $125.53 Unrealized +151.7%

F FORD MTR CO COM 0.0%

Value ($000) $37 Shares 2,797 Est. Cost $11.33 Unrealized +13.3%

T AT&T INC COM 0.0%

Value ($000) $21 Shares 830 Est. Cost $28.07 Unrealized -9.9%

CVX CHEVRON CORP NEW COM 0.1%

Value ($000) $130 Shares 853 Est. Cost $139.50 Unrealized +8.5%

C CITIGROUP INC 0.0%

Value ($000) $19 Shares 161 Est. Cost $94.11 Unrealized +10.1%

GM GENERAL MOTORS CORP 0.0%

Value ($000) $8 Shares 100 Est. Cost $30.94 Unrealized +127.6%

DUK DUKE ENERGY CORP NEW COM NEW 0.0%

Value ($000) $23 Shares 197 Est. Cost $119.80 Unrealized +1.5%

DIA SPDR DOW JONES INDUSTRIAL ETF 0.0%

Value ($000) $24 Shares 50 Est. Cost $175.00 Unrealized —

VZ VERIZON COMMUNICATIONS 0.0%

Value ($000) $6 Shares 148 Est. Cost $42.49 Unrealized -4.7%

EPD ENTERPRISE PRODS PARTNERS L P COM 0.0%

Value ($000) $17 Shares 524 Est. Cost $31.27 Unrealized —

DIS DISNEY WALT CO COM 0.0%

Value ($000) $61 Shares 536 Est. Cost $106.04 Unrealized +3.3%

GE GE AEROSPACE COM NEW 0.0%

Value ($000) $4 Shares 14 Est. Cost $62.95 Unrealized +377.8%

SBUX STARBUCKS CORP 0.0%

Value ($000) $17 Shares 206 Est. Cost $91.85 Unrealized -8.5%

GEV GE VERNOVA INC COM 0.0%

Value ($000) $1 Shares 2 Est. Cost $158.10 Unrealized +285.2%

BIDU BAIDU COM ADR 0.0%

Value ($000) $7 Shares 50 Est. Cost $220.00 Unrealized —

GEHC GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK 0.0%

Value ($000) $0 Shares 4 Est. Cost $71.08 Unrealized +9.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORLY	OREILLY AUTOMOTIVE INC COM	56,021	$5,110	2.1%	$89.76	+8.8%	Stock	67103H107
VEA	VANGUARD FTSE DEVELOPED MARKETS ETF	206,269	$12,886	5.3%	$57.00	—	ETF	921943858
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF	382,212	$18,904	7.8%	$48.71	—	ETF	922020805
WMT	WALMART INC COM	45,710	$5,093	2.1%	$71.97	+48.9%	Stock	931142103
AAPL	APPLE INC	21,906	$5,955	2.5%	$214.54	+25.1%	Stock	037833100
TJX	TJX COS INC NEW COM	31,995	$4,915	2.0%	$88.93	+66.1%	Stock	872540109
IEFA	ISHARES CORE MSCI EAFE ETF	131,809	$11,792	4.9%	$75.82	—	ETF	46432F842
TXN	TEXAS INSTRS INC COM	26,931	$4,672	1.9%	$175.59	-2.8%	Stock	882508104
PTLC	PACER TRENDPILOT US LARGE CAP ETF	223,200	$12,405	5.1%	$50.75	—	ETF	69374H105
DBMF	IMGP DBI MANAGED FUTURES STRATEGY ETF	216,508	$6,075	2.5%	$25.73	—	ETF	53700T827
LMT	LOCKHEED MARTIN CORP	9,816	$4,748	2.0%	$448.15	+6.3%	Stock	539830109
CTA	SIMPLIFY MANAGED FUTURES STRATEGY ETF	194,542	$5,303	2.2%	$26.74	—	ETF	82889N699
RJF	RAYMOND JAMES FINL INC	2,509	$403	0.2%	$95.04	+69.3%	Stock	754730109
MA	MASTERCARD INC	10,284	$5,871	2.4%	$444.85	+25.6%	Stock	57636Q104
RCL	ROYAL CARRIBBEAN CRUISES LTD	451	$126	0.1%	$61.30	+359.4%	Stock	V7780T103
MRK	MERCK & CO INC	415	$44	0.0%	$81.01	+15.1%	Stock	58933Y105
AMGN	AMGEN INC	100	$33	0.0%	$125.53	+151.7%	Stock	031162100
F	FORD MTR CO COM	2,797	$37	0.0%	$11.33	+13.3%	Stock	345370860
T	AT&T INC COM	830	$21	0.0%	$28.07	-9.9%	Stock	00206R102
CVX	CHEVRON CORP NEW COM	853	$130	0.1%	$139.50	+8.5%	Stock	166764100
C	CITIGROUP INC	161	$19	0.0%	$94.11	+10.1%	Stock	172967424
GM	GENERAL MOTORS CORP	100	$8	0.0%	$30.94	+127.6%	Stock	37045V100
DUK	DUKE ENERGY CORP NEW COM NEW	197	$23	0.0%	$119.80	+1.5%	Stock	26441C204
DIA	SPDR DOW JONES INDUSTRIAL ETF	50	$24	0.0%	$175.00	—	ETF	78467X109
VZ	VERIZON COMMUNICATIONS	148	$6	0.0%	$42.49	-4.7%	Stock	92343V104
EPD	ENTERPRISE PRODS PARTNERS L P COM	524	$17	0.0%	$31.27	—	Stock	293792107
DIS	DISNEY WALT CO COM	536	$61	0.0%	$106.04	+3.3%	Stock	254687106
GE	GE AEROSPACE COM NEW	14	$4	0.0%	$62.95	+377.8%	Stock	369604301
SBUX	STARBUCKS CORP	206	$17	0.0%	$91.85	-8.5%	Stock	855244109
GEV	GE VERNOVA INC COM	2	$1	0.0%	$158.10	+285.2%	Stock	36828A101
BIDU	BAIDU COM ADR	50	$7	0.0%	$220.00	—	ADR	056752108
GEHC	GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK	4	$0	0.0%	$71.08	+9.6%	Stock	36266G107