Stokes Capital Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MS	MORGAN STANLEY	20,195	$3,585	0.8%	$166.47	0.0%	COM NEW	617446448
XOM	EXXON MOBIL CORP	17,308	$2,083	0.5%	$115.49	0.0%	COM	30231G102
LLY	ELI LILLY & CO	798	$858	0.2%	$955.55	0.0%	COM	532457108
WMT	WALMART INC	5,524	$615	0.1%	$107.20	0.0%	COM	931142103
CSCO	CISCO SYS INC	3,762	$290	0.1%	$73.79	0.0%	COM	17275R102
GS	GOLDMAN SACHS GROUP INC	324	$285	0.1%	$813.35	0.0%	COM	38141G104
BAC	BANK AMERICA CORP	5,158	$284	0.1%	$52.67	0.0%	COM	060505104
ETN	EATON CORP PLC	772	$246	0.1%	$354.39	0.0%	SHS	G29183103
VDIG	VANGUARD WELLESLEY INCOME FD	4,006	$246	0.1%	$61.36	—	WELLINGTON DIVID	921938403
MRK	MERCK & CO INC	2,260	$238	0.1%	$93.24	0.0%	COM	58933Y105
AMGN	AMGEN INC	686	$225	0.1%	$315.95	0.0%	COM	031162100
QCOM	QUALCOMM INC	1,212	$207	0.0%	$170.79	0.0%	COM	747525103

Increased Positions (20)

MINT PIMCO ETF TR 4.6%

Value ($000) $19,930 (+51.5%) Shares 198,621 (+52.0%) Est. Cost $100.26 Unrealized —

PYLD PIMCO ETF TR 3.1%

Value ($000) $13,576 (+23.4%) Shares 508,853 (+24.2%) Est. Cost $26.81 Unrealized —

PEP PEPSICO INC 1.6%

Value ($000) $6,991 (+34.2%) Shares 48,713 (+31.3%) Est. Cost $122.61 Unrealized +19.0%

CAT CATERPILLAR INC 1.5%

Value ($000) $6,561 (+23.5%) Shares 11,453 (+2.9%) Est. Cost $360.52 Unrealized +54.1%

AAPL APPLE INC 2.8%

Value ($000) $12,472 (+9.4%) Shares 45,878 (+2.5%) Est. Cost $102.41 Unrealized +162.0%

JNJ JOHNSON & JOHNSON 1.9%

Value ($000) $8,476 (+14.3%) Shares 40,955 (+2.4%) Est. Cost $130.35 Unrealized +51.1%

CB CHUBB LIMITED 2.0%

Value ($000) $8,724 (+13.7%) Shares 27,952 (+2.8%) Est. Cost $141.89 Unrealized +106.1%

IBM INTERNATIONAL BUSINESS MACHS 1.4%

Value ($000) $6,173 (+18.5%) Shares 20,839 (+12.9%) Est. Cost $264.02 Unrealized +13.2%

KO COCA COLA CO 2.0%

Value ($000) $8,713 (+11.7%) Shares 124,636 (+6.0%) Est. Cost $45.41 Unrealized +52.8%

PG PROCTER AND GAMBLE CO 2.0%

Value ($000) $8,896 (+11.2%) Shares 62,077 (+19.3%) Est. Cost $120.31 Unrealized +22.3%

V VISA INC 2.7%

Value ($000) $11,914 (+3.9%) Shares 33,972 (+1.1%) Est. Cost $162.23 Unrealized +109.8%

MA MASTERCARD INCORPORATED 2.2%

Value ($000) $9,475 (+4.2%) Shares 16,597 (+3.8%) Est. Cost $387.32 Unrealized +44.3%

LIN LINDE PLC 1.5%

Value ($000) $6,670 (-5.2%) Shares 15,642 (+5.6%) Est. Cost $345.81 Unrealized +23.6%

TBG EA SERIES TRUST 0.4%

Value ($000) $1,940 (+23.2%) Shares 58,105 (+22.0%) Est. Cost $32.40 Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 1.5%

Value ($000) $6,371 (-3.3%) Shares 24,767 (+10.4%) Est. Cost $239.71 Unrealized +10.5%

LOW LOWES COS INC 0.1%

Value ($000) $512 (+62.8%) Shares 2,121 (+69.7%) Est. Cost $204.34 Unrealized +17.4%

HON HONEYWELL INTL INC 1.9%

Value ($000) $8,433 (+1.2%) Shares 43,228 (+9.2%) Est. Cost $154.99 Unrealized +25.8%

LMT LOCKHEED MARTIN CORP 1.6%

Value ($000) $6,796 (-0.8%) Shares 14,051 (+2.4%) Est. Cost $319.45 Unrealized +49.1%

IJR ISHARES TR 0.2%

Value ($000) $745 (+7.3%) Shares 6,201 (+6.1%) Est. Cost $80.26 Unrealized —

ABT ABBOTT LABS 1.7%

Value ($000) $7,226 (-0.2%) Shares 57,673 (+6.7%) Est. Cost $106.80 Unrealized +19.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MINT	PIMCO ETF TR	198,621 (+52.0%)	$19,930 (+51.5%)	4.6%	$100.26	—	ENHAN SHRT MA AC	72201R833
PYLD	PIMCO ETF TR	508,853 (+24.2%)	$13,576 (+23.4%)	3.1%	$26.81	—	MULTISECTOR BD	72201R585
PEP	PEPSICO INC	48,713 (+31.3%)	$6,991 (+34.2%)	1.6%	$122.61	+19.0%	COM	713448108
CAT	CATERPILLAR INC	11,453 (+2.9%)	$6,561 (+23.5%)	1.5%	$360.52	+54.1%	COM	149123101
AAPL	APPLE INC	45,878 (+2.5%)	$12,472 (+9.4%)	2.8%	$102.41	+162.0%	COM	037833100
JNJ	JOHNSON & JOHNSON	40,955 (+2.4%)	$8,476 (+14.3%)	1.9%	$130.35	+51.1%	COM	478160104
CB	CHUBB LIMITED	27,952 (+2.8%)	$8,724 (+13.7%)	2.0%	$141.89	+106.1%	COM	H1467J104
IBM	INTERNATIONAL BUSINESS MACHS	20,839 (+12.9%)	$6,173 (+18.5%)	1.4%	$264.02	+13.2%	COM	459200101
KO	COCA COLA CO	124,636 (+6.0%)	$8,713 (+11.7%)	2.0%	$45.41	+52.8%	COM	191216100
PG	PROCTER AND GAMBLE CO	62,077 (+19.3%)	$8,896 (+11.2%)	2.0%	$120.31	+22.3%	COM	742718109
V	VISA INC	33,972 (+1.1%)	$11,914 (+3.9%)	2.7%	$162.23	+109.8%	COM CL A	92826C839
MA	MASTERCARD INCORPORATED	16,597 (+3.8%)	$9,475 (+4.2%)	2.2%	$387.32	+44.3%	CL A	57636Q104
LIN	LINDE PLC	15,642 (+5.6%)	$6,670 (-5.2%)	1.5%	$345.81	+23.6%	SHS	G54950103
TBG	EA SERIES TRUST	58,105 (+22.0%)	$1,940 (+23.2%)	0.4%	$32.40	—	TBG DIVIDEND FOC	02072L375
ADP	AUTOMATIC DATA PROCESSING IN	24,767 (+10.4%)	$6,371 (-3.3%)	1.5%	$239.71	+10.5%	COM	053015103
LOW	LOWES COS INC	2,121 (+69.7%)	$512 (+62.8%)	0.1%	$204.34	+17.4%	COM	548661107
HON	HONEYWELL INTL INC	43,228 (+9.2%)	$8,433 (+1.2%)	1.9%	$154.99	+25.8%	COM	438516106
LMT	LOCKHEED MARTIN CORP	14,051 (+2.4%)	$6,796 (-0.8%)	1.6%	$319.45	+49.1%	COM	539830109
IJR	ISHARES TR	6,201 (+6.1%)	$745 (+7.3%)	0.2%	$80.26	—	CORE S&P SCP ETF	464287804
ABT	ABBOTT LABS	57,673 (+6.7%)	$7,226 (-0.2%)	1.7%	$106.80	+19.2%	COM	002824100

Decreased Positions (35)

ORCL ORACLE CORP 1.6%

Value ($000) $6,865 (-32.4%) Shares 35,221 (-2.5%) Est. Cost $160.76 Unrealized +48.1%

ZTS ZOETIS INC 0.2%

Value ($000) $1,085 (-69.3%) Shares 8,624 (-64.3%) Est. Cost $163.84 Unrealized -20.5%

CNQ CANADIAN NAT RES LTD 0.9%

Value ($000) $4,044 (-32.3%) Shares 119,481 (-36.1%) Est. Cost $31.90 Unrealized +1.6%

AVGO BROADCOM INC 4.3%

Value ($000) $18,736 (-7.4%) Shares 54,136 (-11.7%) Est. Cost $146.90 Unrealized +143.0%

MRSH MARSH & MCLENNAN COS INC 1.6%

Value ($000) $7,134 (-16.9%) Shares 38,452 (-9.7%) Est. Cost $113.47 Unrealized +64.3%

HD HOME DEPOT INC 1.6%

Value ($000) $7,203 (-16.0%) Shares 20,932 (-1.1%) Est. Cost $219.36 Unrealized +66.2%

GOOGL ALPHABET INC 1.6%

Value ($000) $7,130 (+23.5%) Shares 22,778 (-4.1%) Est. Cost $172.03 Unrealized +66.0%

AXP AMERICAN EXPRESS CO 2.9%

Value ($000) $12,917 (+10.2%) Shares 34,915 (-1.1%) Est. Cost $130.18 Unrealized +174.2%

LNG CHENIERE ENERGY INC 0.9%

Value ($000) $3,901 (-22.4%) Shares 20,066 (-6.1%) Est. Cost $155.90 Unrealized +34.7%

NOC NORTHROP GRUMMAN CORP 2.0%

Value ($000) $8,728 (-9.6%) Shares 15,307 (-3.4%) Est. Cost $368.42 Unrealized +57.1%

SHW SHERWIN WILLIAMS CO 1.9%

Value ($000) $8,434 (-9.2%) Shares 26,028 (-3.0%) Est. Cost $233.02 Unrealized +43.4%

TXN TEXAS INSTRS INC 1.8%

Value ($000) $7,906 (-9.0%) Shares 45,572 (-3.7%) Est. Cost $116.05 Unrealized +47.1%

SYK STRYKER CORPORATION 2.2%

Value ($000) $9,628 (-7.4%) Shares 27,393 (-2.6%) Est. Cost $262.19 Unrealized +38.6%

TT TRANE TECHNOLOGIES PLC 0.9%

Value ($000) $4,144 (-14.8%) Shares 10,647 (-7.7%) Est. Cost $411.80 Unrealized +0.4%

UNH UNITEDHEALTH GROUP INC 1.4%

Value ($000) $5,958 (-7.6%) Shares 18,050 (-3.3%) Est. Cost $327.26 Unrealized +3.0%

ABBV ABBVIE INC 1.9%

Value ($000) $8,345 (-4.6%) Shares 36,523 (-3.3%) Est. Cost $143.65 Unrealized +58.4%

NVO NOVO-NORDISK A S 0.1%

Value ($000) $483 (-44.5%) Shares 9,485 (-39.4%) Est. Cost $74.15 Unrealized —

CNI CANADIAN NATL RY CO 0.9%

Value ($000) $4,042 (-7.8%) Shares 40,890 (-12.1%) Est. Cost $86.66 Unrealized +10.9%

INTU INTUIT 1.0%

Value ($000) $4,355 (-7.2%) Shares 6,575 (-4.3%) Est. Cost $617.21 Unrealized +7.0%

ENB ENBRIDGE INC 0.9%

Value ($000) $3,917 (-7.1%) Shares 81,900 (-2.0%) Est. Cost $32.67 Unrealized +44.2%

ACN ACCENTURE PLC IRELAND 1.4%

Value ($000) $5,912 (+4.8%) Shares 22,035 (-3.7%) Est. Cost $189.76 Unrealized +33.9%

KMI KINDER MORGAN INC DEL 0.7%

Value ($000) $3,226 (-7.4%) Shares 117,360 (-4.6%) Est. Cost $12.57 Unrealized +114.1%

SPGI S&P GLOBAL INC 0.1%

Value ($000) $247 (-44.9%) Shares 473 (-48.6%) Est. Cost $511.14 Unrealized -3.3%

LHX L3HARRIS TECHNOLOGIES INC 0.3%

Value ($000) $1,196 (-10.9%) Shares 4,073 (-7.3%) Est. Cost $182.15 Unrealized +58.3%

HESM HESS MIDSTREAM LP 1.0%

Value ($000) $4,476 (-2.3%) Shares 129,752 (-2.2%) Est. Cost $23.75 Unrealized +37.3%

TJX TJX COS INC NEW 3.6%

Value ($000) $15,642 (+0.7%) Shares 101,831 (-5.3%) Est. Cost $52.90 Unrealized +179.2%

HYS PIMCO ETF TR 0.2%

Value ($000) $1,032 (-8.5%) Shares 10,886 (-7.6%) Est. Cost $94.06 Unrealized —

NKE NIKE INC 0.1%

Value ($000) $442 (-11.8%) Shares 6,944 (-3.5%) Est. Cost $74.30 Unrealized -12.6%

NEE NEXTERA ENERGY INC 1.8%

Value ($000) $7,817 (+0.8%) Shares 97,377 (-5.3%) Est. Cost $64.23 Unrealized +28.4%

VIG VANGUARD SPECIALIZED FUNDS 1.3%

Value ($000) $5,694 (-1.0%) Shares 25,908 (-2.8%) Est. Cost $131.67 Unrealized —

OKE ONEOK INC NEW 0.1%

Value ($000) $243 (-14.9%) Shares 3,301 (-15.5%) Est. Cost $58.45 Unrealized +20.5%

VOO VANGUARD INDEX FDS 0.2%

Value ($000) $837 (-3.2%) Shares 1,334 (-5.5%) Est. Cost $309.74 Unrealized —

TPYP TORTOISE CAPITAL SERIES TRUS 0.1%

Value ($000) $446 (-4.9%) Shares 12,636 (-1.7%) Est. Cost $35.73 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $210 (-3.9%) Shares 417 (-3.9%) Est. Cost $442.18 Unrealized +12.5%

JPM JPMORGAN CHASE & CO. 3.4%

Value ($000) $14,813 (-0.0%) Shares 45,971 (-2.1%) Est. Cost $112.27 Unrealized +175.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	35,221 (-2.5%)	$6,865 (-32.4%)	1.6%	$160.76	+48.1%	COM	68389X105
ZTS	ZOETIS INC	8,624 (-64.3%)	$1,085 (-69.3%)	0.2%	$163.84	-20.5%	CL A	98978V103
CNQ	CANADIAN NAT RES LTD	119,481 (-36.1%)	$4,044 (-32.3%)	0.9%	$31.90	+1.6%	COM	136385101
AVGO	BROADCOM INC	54,136 (-11.7%)	$18,736 (-7.4%)	4.3%	$146.90	+143.0%	COM	11135F101
MRSH	MARSH & MCLENNAN COS INC	38,452 (-9.7%)	$7,134 (-16.9%)	1.6%	$113.47	+64.3%	COM	571748102
HD	HOME DEPOT INC	20,932 (-1.1%)	$7,203 (-16.0%)	1.6%	$219.36	+66.2%	COM	437076102
GOOGL	ALPHABET INC	22,778 (-4.1%)	$7,130 (+23.5%)	1.6%	$172.03	+66.0%	CAP STK CL A	02079K305
AXP	AMERICAN EXPRESS CO	34,915 (-1.1%)	$12,917 (+10.2%)	2.9%	$130.18	+174.2%	COM	025816109
LNG	CHENIERE ENERGY INC	20,066 (-6.1%)	$3,901 (-22.4%)	0.9%	$155.90	+34.7%	COM NEW	16411R208
NOC	NORTHROP GRUMMAN CORP	15,307 (-3.4%)	$8,728 (-9.6%)	2.0%	$368.42	+57.1%	COM	666807102
SHW	SHERWIN WILLIAMS CO	26,028 (-3.0%)	$8,434 (-9.2%)	1.9%	$233.02	+43.4%	COM	824348106
TXN	TEXAS INSTRS INC	45,572 (-3.7%)	$7,906 (-9.0%)	1.8%	$116.05	+47.1%	COM	882508104
SYK	STRYKER CORPORATION	27,393 (-2.6%)	$9,628 (-7.4%)	2.2%	$262.19	+38.6%	COM	863667101
TT	TRANE TECHNOLOGIES PLC	10,647 (-7.7%)	$4,144 (-14.8%)	0.9%	$411.80	+0.4%	SHS	G8994E103
UNH	UNITEDHEALTH GROUP INC	18,050 (-3.3%)	$5,958 (-7.6%)	1.4%	$327.26	+3.0%	COM	91324P102
ABBV	ABBVIE INC	36,523 (-3.3%)	$8,345 (-4.6%)	1.9%	$143.65	+58.4%	COM	00287Y109
NVO	NOVO-NORDISK A S	9,485 (-39.4%)	$483 (-44.5%)	0.1%	$74.15	—	ADR	670100205
CNI	CANADIAN NATL RY CO	40,890 (-12.1%)	$4,042 (-7.8%)	0.9%	$86.66	+10.9%	COM	136375102
INTU	INTUIT	6,575 (-4.3%)	$4,355 (-7.2%)	1.0%	$617.21	+7.0%	COM	461202103
ENB	ENBRIDGE INC	81,900 (-2.0%)	$3,917 (-7.1%)	0.9%	$32.67	+44.2%	COM	29250N105
ACN	ACCENTURE PLC IRELAND	22,035 (-3.7%)	$5,912 (+4.8%)	1.4%	$189.76	+33.9%	SHS CLASS A	G1151C101
KMI	KINDER MORGAN INC DEL	117,360 (-4.6%)	$3,226 (-7.4%)	0.7%	$12.57	+114.1%	COM	49456B101
SPGI	S&P GLOBAL INC	473 (-48.6%)	$247 (-44.9%)	0.1%	$511.14	-3.3%	COM	78409V104
LHX	L3HARRIS TECHNOLOGIES INC	4,073 (-7.3%)	$1,196 (-10.9%)	0.3%	$182.15	+58.3%	COM	502431109
HESM	HESS MIDSTREAM LP	129,752 (-2.2%)	$4,476 (-2.3%)	1.0%	$23.75	+37.3%	CL A SHS	428103105
TJX	TJX COS INC NEW	101,831 (-5.3%)	$15,642 (+0.7%)	3.6%	$52.90	+179.2%	COM	872540109
HYS	PIMCO ETF TR	10,886 (-7.6%)	$1,032 (-8.5%)	0.2%	$94.06	—	0-5 HIGH YIELD	72201R783
NKE	NIKE INC	6,944 (-3.5%)	$442 (-11.8%)	0.1%	$74.30	-12.6%	CL B	654106103
NEE	NEXTERA ENERGY INC	97,377 (-5.3%)	$7,817 (+0.8%)	1.8%	$64.23	+28.4%	COM	65339F101
VIG	VANGUARD SPECIALIZED FUNDS	25,908 (-2.8%)	$5,694 (-1.0%)	1.3%	$131.67	—	DIV APP ETF	921908844
OKE	ONEOK INC NEW	3,301 (-15.5%)	$243 (-14.9%)	0.1%	$58.45	+20.5%	COM	682680103
VOO	VANGUARD INDEX FDS	1,334 (-5.5%)	$837 (-3.2%)	0.2%	$309.74	—	S&P 500 ETF SHS	922908363
TPYP	TORTOISE CAPITAL SERIES TRUS	12,636 (-1.7%)	$446 (-4.9%)	0.1%	$35.73	—	NORTH AMERN PIPE	890930308
BRK/B	BERKSHIRE HATHAWAY INC DEL	417 (-3.9%)	$210 (-3.9%)	0.0%	$442.18	+12.5%	CL B NEW	084670702
JPM	JPMORGAN CHASE & CO.	45,971 (-2.1%)	$14,813 (-0.0%)	3.4%	$112.27	+175.7%	COM	46625H100

Unchanged Positions (13)

MSFT MICROSOFT CORP 4.4%

Value ($000) $19,159 Shares 39,616 Est. Cost $160.03 Unrealized +212.8%

COST COSTCO WHSL CORP NEW 2.2%

Value ($000) $9,710 Shares 11,260 Est. Cost $259.16 Unrealized +249.5%

WMB WILLIAMS COS INC 2.3%

Value ($000) $9,985 Shares 166,113 Est. Cost $19.07 Unrealized +215.0%

PH PARKER-HANNIFIN CORP 0.3%

Value ($000) $1,143 Shares 1,300 Est. Cost $291.08 Unrealized +180.9%

CL COLGATE PALMOLIVE CO 1.4%

Value ($000) $6,223 Shares 78,750 Est. Cost $74.21 Unrealized +5.5%

MCD MCDONALDS CORP 2.9%

Value ($000) $12,587 Shares 41,184 Est. Cost $211.12 Unrealized +44.5%

ROP ROPER TECHNOLOGIES INC 0.2%

Value ($000) $765 Shares 1,719 Est. Cost $313.13 Unrealized +47.6%

UNP UNION PAC CORP 1.3%

Value ($000) $5,731 Shares 24,776 Est. Cost $138.32 Unrealized +64.3%

SO SOUTHERN CO 0.1%

Value ($000) $592 Shares 6,794 Est. Cost $59.66 Unrealized +52.4%

IWY ISHARES TR 0.9%

Value ($000) $3,743 Shares 13,516 Est. Cost $88.03 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.2%

Value ($000) $727 Shares 22,668 Est. Cost $24.46 Unrealized —

CHD CHURCH & DWIGHT CO INC 0.1%

Value ($000) $314 Shares 3,750 Est. Cost $81.66 Unrealized +4.4%

VIGI VANGUARD WHITEHALL FDS 0.1%

Value ($000) $237 Shares 2,587 Est. Cost $66.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	39,616	$19,159	4.4%	$160.03	+212.8%	COM	594918104
COST	COSTCO WHSL CORP NEW	11,260	$9,710	2.2%	$259.16	+249.5%	COM	22160K105
WMB	WILLIAMS COS INC	166,113	$9,985	2.3%	$19.07	+215.0%	COM	969457100
PH	PARKER-HANNIFIN CORP	1,300	$1,143	0.3%	$291.08	+180.9%	COM	701094104
CL	COLGATE PALMOLIVE CO	78,750	$6,223	1.4%	$74.21	+5.5%	COM	194162103
MCD	MCDONALDS CORP	41,184	$12,587	2.9%	$211.12	+44.5%	COM	580135101
ROP	ROPER TECHNOLOGIES INC	1,719	$765	0.2%	$313.13	+47.6%	COM	776696106
UNP	UNION PAC CORP	24,776	$5,731	1.3%	$138.32	+64.3%	COM	907818108
SO	SOUTHERN CO	6,794	$592	0.1%	$59.66	+52.4%	COM	842587107
IWY	ISHARES TR	13,516	$3,743	0.9%	$88.03	—	RUS TP200 GR ETF	464289438
EPD	ENTERPRISE PRODS PARTNERS L	22,668	$727	0.2%	$24.46	—	COM	293792107
CHD	CHURCH & DWIGHT CO INC	3,750	$314	0.1%	$81.66	+4.4%	COM	171340102
VIGI	VANGUARD WHITEHALL FDS	2,587	$237	0.1%	$66.12	—	INTL DVD ETF	921946810