Navigation Wealth Management, Inc. Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ZECP	ZACKS TRUST	159,531 (+6.4%)	$5,545 (+10.0%)	8.2%	$31.76	—	EARNGS CONSTANT	98888G105
QUIZ	ZACKS TRUST	91,137 (+13.2%)	$2,417 (+18.8%)	3.6%	$25.42	—	QUALITY INTERNAT	98888G881
SMIZ	ZACKS TRUST	59,530 (+6.8%)	$2,202 (+5.8%)	3.3%	$33.61	—	SMALL/MID CAP	98888G204
SCHE	SCHWAB STRATEGIC TR	32,036 (+13.0%)	$1,049 (+10.8%)	1.6%	$31.10	—	EMRG MKTEQ ETF	808524706
AGG	ISHARES TR	17,985 (+6.1%)	$1,796 (+5.7%)	2.7%	$99.36	—	CORE US AGGBD ET	464287226
VONV	VANGUARD SCOTTSDALE FDS	6,482 (+8.8%)	$598 (+12.3%)	0.9%	$85.78	—	VNG RUS1000VAL	92206C714
SPIB	SPDR SERIES TRUST	17,612 (+7.2%)	$595 (+6.9%)	0.9%	$33.62	—	STATE STREET SPD	78464A375
TLT	ISHARES TR	3,189 (+17.7%)	$278 (+14.8%)	0.4%	$88.09	—	20 YR TR BD ETF	464287432
VGSH	VANGUARD SCOTTSDALE FDS	9,549 (+6.8%)	$561 (+6.7%)	0.8%	$58.78	—	SHORT TERM TREAS	92206C102
VMBS	VANGUARD SCOTTSDALE FDS	14,782 (+4.9%)	$696 (+5.2%)	1.0%	$46.48	—	MTG-BKD SECS ETF	92206C771
GROZ	ZACKS TRUST	16,182 (+5.0%)	$482 (+6.8%)	0.7%	$26.65	—	FOCUS GROWTH ETF	98888G808
VCSH	VANGUARD SCOTTSDALE FDS	4,673 (+9.2%)	$373 (+9.0%)	0.6%	$79.65	—	SHRT TRM CORP BD	92206C409
BIL	SPDR SERIES TRUST	3,627 (+5.4%)	$331 (+4.9%)	0.5%	$91.71	—	STATE STREET SPD	78468R663
BKLN	INVESCO EXCH TRADED FD TR II	11,184 (+6.4%)	$235 (+6.7%)	0.3%	$20.93	—	SR LN ETF	46138G508
VGK	VANGUARD INTL EQUITY INDEX F	2,777 (+1.3%)	$232 (+6.1%)	0.3%	$79.90	—	FTSE EUROPE ETF	922042874
HYG	ISHARES TR	3,124 (+6.2%)	$252 (+5.5%)	0.4%	$81.16	—	IBOXX HI YD ETF	464288513
EMB	ISHARES TR	2,424 (+3.9%)	$233 (+5.1%)	0.3%	$95.24	—	JPMORGAN USD EMG	464288281
IWS	ISHARES TR	2,770 (+1.4%)	$391 (+2.3%)	0.6%	$134.71	—	RUS MDCP VAL ETF	464287473
PULS	PGIM ETF TR	4,620 (+4.2%)	$229 (+3.7%)	0.3%	$49.83	—	PGIM ULTRA SH BD	69344A107
IWP	ISHARES TR	2,754 (+4.4%)	$377 (+0.4%)	0.6%	$139.78	—	RUS MD CP GR ETF	464287481

Exited Positions (1)

SPXL DIREXION SHS ETF TR 0.3%

Value ($000) $208 Shares 978 Est. Cost $147.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPXL	DIREXION SHS ETF TR	978	$208	0.3%	$147.96	—	—	25459W862

Decreased Positions (3)

SPY SPDR S&P 500 ETF TR 59.1%

Value ($000) $39,788 (-5.3%) Shares 58,347 (-7.4%) Est. Cost $615.23 Unrealized —

JNK SPDR SERIES TRUST 8.6%

Value ($000) $5,818 (-2.7%) Shares 59,854 (-1.9%) Est. Cost $97.17 Unrealized —

ILF ISHARES TR 0.4%

Value ($000) $240 (+1.9%) Shares 7,895 (-3.2%) Est. Cost $28.91 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	58,347 (-7.4%)	$39,788 (-5.3%)	59.1%	$615.23	—	TR UNIT	78462F103
JNK	SPDR SERIES TRUST	59,854 (-1.9%)	$5,818 (-2.7%)	8.6%	$97.17	—	STATE STREET SPD	78468R622
ILF	ISHARES TR	7,895 (-3.2%)	$240 (+1.9%)	0.4%	$28.91	—	LATN AMER 40 ETF	464287390

Unchanged Positions (9)

LUV SOUTHWEST AIRLS CO 0.4%

Value ($000) $301 Shares 7,292 Est. Cost $31.85 Unrealized +9.2%

IWD ISHARES TR 0.7%

Value ($000) $496 Shares 2,359 Est. Cost $197.31 Unrealized —

MODD MODULAR MED INC 0.0%

Value ($000) $20 Shares 55,099 Est. Cost $1.83 Unrealized -73.2%

PROP PRAIRIE OPER CO 0.1%

Value ($000) $42 Shares 25,007 Est. Cost $7.40 Unrealized -75.4%

VPL VANGUARD INTL EQUITY INDEX F 0.3%

Value ($000) $230 Shares 2,545 Est. Cost $87.91 Unrealized —

IWN ISHARES TR 0.5%

Value ($000) $320 Shares 1,768 Est. Cost $176.74 Unrealized —

IWF ISHARES TR 0.7%

Value ($000) $503 Shares 1,062 Est. Cost $438.19 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.3%

Value ($000) $227 Shares 4,225 Est. Cost $54.24 Unrealized —

IWO ISHARES TR 0.4%

Value ($000) $265 Shares 820 Est. Cost $320.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LUV	SOUTHWEST AIRLS CO	7,292	$301	0.4%	$31.85	+9.2%	COM	844741108
IWD	ISHARES TR	2,359	$496	0.7%	$197.31	—	RUS 1000 VAL ETF	464287598
MODD	MODULAR MED INC	55,099	$20	0.0%	$1.83	-73.2%	COM NEW	60785L207
PROP	PRAIRIE OPER CO	25,007	$42	0.1%	$7.40	-75.4%	COM	739650109
VPL	VANGUARD INTL EQUITY INDEX F	2,545	$230	0.3%	$87.91	—	FTSE PACIFIC ETF	922042866
IWN	ISHARES TR	1,768	$320	0.5%	$176.74	—	RUS 2000 VAL ETF	464287630
IWF	ISHARES TR	1,062	$503	0.7%	$438.19	—	RUS 1000 GRW ETF	464287614
VWO	VANGUARD INTL EQUITY INDEX F	4,225	$227	0.3%	$54.24	—	FTSE EMR MKT ETF	922042858
IWO	ISHARES TR	820	$265	0.4%	$320.12	—	RUS 2000 GRW ETF	464287648