Mason & Associates, LLC Concentrated Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IUSB	ISHARES TR	2,831,120 (+16.2%)	$131,760 (+17.0%)	30.0%	$45.50	—	CORE UNIVRSL USD	46434V613
PYLD	PIMCO ETF TR	963,823 (+19.6%)	$25,715 (+20.2%)	5.8%	$26.45	—	MULTISECTOR BD	72201R585
IAGG	ISHARES TR	350,806 (+17.1%)	$17,544 (+14.6%)	4.0%	$50.01	—	CORE INTL AGGR	46435G672
D	DOMINION ENERGY INC	20,192 (+13.4%)	$1,183 (+17.5%)	0.3%	$49.96	+19.6%	COM	25746U109
JPM	JPMORGAN CHASE & CO.	744 (+4.1%)	$240 (+15.7%)	0.1%	$254.88	+21.4%	COM	46625H100
MSFT	MICROSOFT CORP	453 (+6.6%)	$219 (+3.6%)	0.0%	$436.60	+14.7%	COM	594918104

Exited Positions (4)

AOM ISHARES TR 0.1%

Value ($000) $381 Shares 8,271 Est. Cost $43.05 Unrealized —

VT VANGUARD INTL EQUITY INDEX F 0.1%

Value ($000) $268 Shares 2,085 Est. Cost $113.33 Unrealized —

AOR ISHARES TR 0.0%

Value ($000) $211 Shares 3,421 Est. Cost $56.84 Unrealized —

IWM ISHARES TR 0.0%

Value ($000) $207 Shares 959 Est. Cost $210.28 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AOM	ISHARES TR	8,271	$381	0.1%	$43.05	—	—	464289875
VT	VANGUARD INTL EQUITY INDEX F	2,085	$268	0.1%	$113.33	—	—	922042742
AOR	ISHARES TR	3,421	$211	0.0%	$56.84	—	—	464289867
IWM	ISHARES TR	959	$207	0.0%	$210.28	—	—	464287655

Decreased Positions (23)

DYNF BLACKROCK ETF TRUST 5.3%

Value ($000) $23,379 (+9.2%) Shares 384,460 (-2.2%) Est. Cost $54.46 Unrealized —

SPEM SPDR INDEX SHS FDS 1.4%

Value ($000) $5,957 (+7.0%) Shares 127,249 (-2.3%) Est. Cost $38.13 Unrealized —

VB VANGUARD INDEX FDS 2.7%

Value ($000) $12,057 (+3.2%) Shares 46,741 (-5.2%) Est. Cost $222.61 Unrealized —

VV VANGUARD INDEX FDS 30.5%

Value ($000) $134,242 (-0.3%) Shares 426,437 (-9.6%) Est. Cost $254.03 Unrealized —

IVV ISHARES TR 0.9%

Value ($000) $3,877 (+7.1%) Shares 5,661 (-2.9%) Est. Cost $525.70 Unrealized —

VO VANGUARD INDEX FDS 5.1%

Value ($000) $22,275 (-1.0%) Shares 76,753 (-4.5%) Est. Cost $247.23 Unrealized —

VTEB VANGUARD MUN BD FDS 0.8%

Value ($000) $3,505 (-5.6%) Shares 69,689 (-7.9%) Est. Cost $50.11 Unrealized —

IVW ISHARES TR 1.0%

Value ($000) $4,351 (+4.8%) Shares 35,296 (-6.4%) Est. Cost $92.54 Unrealized —

IWL ISHARES TR 0.7%

Value ($000) $3,082 (+6.0%) Shares 18,065 (-4.9%) Est. Cost $132.15 Unrealized —

SPY SPDR S&P 500 ETF TR 0.9%

Value ($000) $3,790 (+3.7%) Shares 5,558 (-6.1%) Est. Cost $523.06 Unrealized —

MINO PIMCO ETF TR 0.4%

Value ($000) $1,917 (-6.3%) Shares 42,296 (-8.5%) Est. Cost $44.23 Unrealized —

IWY ISHARES TR 0.4%

Value ($000) $1,934 (+5.6%) Shares 6,983 (-6.0%) Est. Cost $214.52 Unrealized —

SCHB SCHWAB STRATEGIC TR 0.6%

Value ($000) $2,545 (+3.5%) Shares 97,031 (-5.9%) Est. Cost $36.34 Unrealized —

IWV ISHARES TR 0.1%

Value ($000) $566 (-9.9%) Shares 1,462 (-18.2%) Est. Cost $308.67 Unrealized —

IWP ISHARES TR 0.1%

Value ($000) $367 (-14.1%) Shares 2,682 (-13.0%) Est. Cost $110.35 Unrealized —

IWR ISHARES TR 0.2%

Value ($000) $989 (-5.1%) Shares 10,272 (-9.4%) Est. Cost $81.08 Unrealized —

DUK DUKE ENERGY CORP NEW 0.1%

Value ($000) $313 (-11.4%) Shares 2,672 (-10.8%) Est. Cost $97.10 Unrealized +25.2%

MGC VANGUARD WORLD FD 0.1%

Value ($000) $477 (+4.0%) Shares 1,900 (-6.9%) Est. Cost $197.29 Unrealized —

VTV VANGUARD INDEX FDS 0.1%

Value ($000) $396 (+4.0%) Shares 2,074 (-3.8%) Est. Cost $160.41 Unrealized —

VOO VANGUARD INDEX FDS 0.0%

Value ($000) $214 (+7.0%) Shares 342 (-3.1%) Est. Cost $568.03 Unrealized —

VTI VANGUARD INDEX FDS 0.1%

Value ($000) $637 (+1.5%) Shares 1,899 (-8.0%) Est. Cost $259.91 Unrealized —

SCHX SCHWAB STRATEGIC TR 0.2%

Value ($000) $691 (-0.7%) Shares 25,671 (-9.8%) Est. Cost $36.87 Unrealized —

IVE ISHARES TR 0.3%

Value ($000) $1,403 (+0.2%) Shares 6,614 (-7.7%) Est. Cost $182.01 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DYNF	BLACKROCK ETF TRUST	384,460 (-2.2%)	$23,379 (+9.2%)	5.3%	$54.46	—	ISHARES US EQUIT	09290C103
SPEM	SPDR INDEX SHS FDS	127,249 (-2.3%)	$5,957 (+7.0%)	1.4%	$38.13	—	PORTFOLIO EMG MK	78463X509
VB	VANGUARD INDEX FDS	46,741 (-5.2%)	$12,057 (+3.2%)	2.7%	$222.61	—	SMALL CP ETF	922908751
VV	VANGUARD INDEX FDS	426,437 (-9.6%)	$134,242 (-0.3%)	30.5%	$254.03	—	LARGE CAP ETF	922908637
IVV	ISHARES TR	5,661 (-2.9%)	$3,877 (+7.1%)	0.9%	$525.70	—	CORE S&P500 ETF	464287200
VO	VANGUARD INDEX FDS	76,753 (-4.5%)	$22,275 (-1.0%)	5.1%	$247.23	—	MID CAP ETF	922908629
VTEB	VANGUARD MUN BD FDS	69,689 (-7.9%)	$3,505 (-5.6%)	0.8%	$50.11	—	TAX EXEMPT BD	922907746
IVW	ISHARES TR	35,296 (-6.4%)	$4,351 (+4.8%)	1.0%	$92.54	—	S&P 500 GRWT ETF	464287309
IWL	ISHARES TR	18,065 (-4.9%)	$3,082 (+6.0%)	0.7%	$132.15	—	RUS TOP 200 ETF	464289446
SPY	SPDR S&P 500 ETF TR	5,558 (-6.1%)	$3,790 (+3.7%)	0.9%	$523.06	—	TR UNIT	78462F103
MINO	PIMCO ETF TR	42,296 (-8.5%)	$1,917 (-6.3%)	0.4%	$44.23	—	MUNI INCOME OPP	72201R635
IWY	ISHARES TR	6,983 (-6.0%)	$1,934 (+5.6%)	0.4%	$214.52	—	RUS TP200 GR ETF	464289438
SCHB	SCHWAB STRATEGIC TR	97,031 (-5.9%)	$2,545 (+3.5%)	0.6%	$36.34	—	US BRD MKT ETF	808524102
IWV	ISHARES TR	1,462 (-18.2%)	$566 (-9.9%)	0.1%	$308.67	—	RUSSELL 3000 ETF	464287689
IWP	ISHARES TR	2,682 (-13.0%)	$367 (-14.1%)	0.1%	$110.35	—	RUS MD CP GR ETF	464287481
IWR	ISHARES TR	10,272 (-9.4%)	$989 (-5.1%)	0.2%	$81.08	—	RUS MID CAP ETF	464287499
DUK	DUKE ENERGY CORP NEW	2,672 (-10.8%)	$313 (-11.4%)	0.1%	$97.10	+25.2%	COM NEW	26441C204
MGC	VANGUARD WORLD FD	1,900 (-6.9%)	$477 (+4.0%)	0.1%	$197.29	—	MEGA CAP INDEX	921910873
VTV	VANGUARD INDEX FDS	2,074 (-3.8%)	$396 (+4.0%)	0.1%	$160.41	—	VALUE ETF	922908744
VOO	VANGUARD INDEX FDS	342 (-3.1%)	$214 (+7.0%)	0.0%	$568.03	—	S&P 500 ETF SHS	922908363
VTI	VANGUARD INDEX FDS	1,899 (-8.0%)	$637 (+1.5%)	0.1%	$259.91	—	TOTAL STK MKT	922908769
SCHX	SCHWAB STRATEGIC TR	25,671 (-9.8%)	$691 (-0.7%)	0.2%	$36.87	—	US LRG CAP ETF	808524201
IVE	ISHARES TR	6,614 (-7.7%)	$1,403 (+0.2%)	0.3%	$182.01	—	S&P 500 VAL ETF	464287408

Unchanged Positions (8)

SPDW SPDR INDEX SHS FDS 4.0%

Value ($000) $17,770 Shares 400,124 Est. Cost $35.23 Unrealized —

AAPL APPLE INC 0.5%

Value ($000) $2,008 Shares 7,386 Est. Cost $183.21 Unrealized +46.5%

VUG VANGUARD INDEX FDS 0.1%

Value ($000) $601 Shares 1,231 Est. Cost $359.43 Unrealized —

CSX CSX CORP 0.1%

Value ($000) $599 Shares 16,521 Est. Cost $33.18 Unrealized +7.6%

MGK VANGUARD WORLD FD 0.1%

Value ($000) $353 Shares 855 Est. Cost $314.21 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $380 Shares 755 Est. Cost $413.54 Unrealized +20.3%

UPS UNITED PARCEL SERVICE INC 0.1%

Value ($000) $267 Shares 2,690 Est. Cost $129.99 Unrealized -28.7%

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $276 Shares 932 Est. Cost $188.97 Unrealized +58.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPDW	SPDR INDEX SHS FDS	400,124	$17,770	4.0%	$35.23	—	PORTFOLIO DEVLPD	78463X889
AAPL	APPLE INC	7,386	$2,008	0.5%	$183.21	+46.5%	COM	037833100
VUG	VANGUARD INDEX FDS	1,231	$601	0.1%	$359.43	—	GROWTH ETF	922908736
CSX	CSX CORP	16,521	$599	0.1%	$33.18	+7.6%	COM	126408103
MGK	VANGUARD WORLD FD	855	$353	0.1%	$314.21	—	MEGA GRWTH IND	921910816
BRK/B	BERKSHIRE HATHAWAY INC DEL	755	$380	0.1%	$413.54	+20.3%	CL B NEW	084670702
UPS	UNITED PARCEL SERVICE INC	2,690	$267	0.1%	$129.99	-28.7%	CL B	911312106
IBM	INTERNATIONAL BUSINESS MACHS	932	$276	0.1%	$188.97	+58.1%	COM	459200101