COTTONWOOD CAPITAL ADVISORS, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IGV	ISHARES TR	48,090 (+1.8%)	$5,083 (-6.4%)	3.6%	$123.11	—	EXPANDED TECH	464287515
SKOR	FLEXSHARES TR	42,246 (+16.1%)	$2,075 (+15.9%)	1.5%	$48.65	—	CR SCD US BD	33939L761
FGM	FIRST TR EXCH TRD ALPHDX FD	19,079 (+20.3%)	$1,190 (+27.5%)	0.8%	$55.54	—	GERMANY ALPHA	33737J190
CGSM	CAPITAL GRP FIXED INCM ETF T	70,790 (+13.7%)	$1,865 (+13.6%)	1.3%	$26.07	—	SHORT DURATION M	14020Y607
ITA	ISHARES TR	23,389 (+1.4%)	$5,021 (+4.0%)	3.6%	$131.34	—	US AER DEF ETF	464288760
IAI	ISHARES TR	20,098 (+3.6%)	$3,605 (+5.1%)	2.6%	$104.15	—	US BR DEL SE ETF	464288794
IYC	ISHARES TR	26,899 (+8.4%)	$2,774 (+6.6%)	2.0%	$85.48	—	US CONSUM DISCRE	464287580
FGD	FIRST TR EXCHANGE TRADED FD	40,687 (+9.0%)	$1,232 (+14.8%)	0.9%	$22.01	—	DJ GLBL DIVID	33734X200
MBSD	FLEXSHARES TR	360,192 (+2.3%)	$7,483 (+1.9%)	5.3%	$20.28	—	DISCP DUR MBS	33939L779
EMLP	FIRST TR EXCHANGE-TRADED FD	31,685 (+14.3%)	$1,200 (+13.0%)	0.9%	$27.70	—	NO AMER ENERGY	33738D101
IAK	ISHARES TR	26,117 (+1.5%)	$3,556 (+3.1%)	2.5%	$115.55	—	U.S. INSRNCE ETF	464288786
FXU	FIRST TR EXCHANGE TRADED FD	12,161 (+21.7%)	$547 (+20.5%)	0.4%	$34.89	—	UTILITIES ALPH	33734X184
IDU	ISHARES TR	4,110 (+24.2%)	$445 (+21.4%)	0.3%	$92.31	—	U.S. UTILITS ETF	464287697
FCVT	FIRST TR EXCHANGE-TRADED FD	9,655 (+22.4%)	$415 (+23.2%)	0.3%	$37.97	—	SSI STRG ETF	33739Q507
HYDB	ISHARES TR	124,549 (+2.3%)	$5,897 (+1.3%)	4.2%	$46.90	—	HIGH YLD SYSTM B	46435G250
IYG	ISHARES TR	12,886 (+3.2%)	$1,189 (+6.2%)	0.8%	$106.41	—	U.S. FIN SVC ETF	464287770
ILF	ISHARES TR	12,175 (+6.2%)	$371 (+11.9%)	0.3%	$24.78	—	LATN AMER 40 ETF	464287390
FKU	FIRST TR EXCH TRD ALPHDX FD	10,630 (+2.7%)	$541 (+7.9%)	0.4%	$39.66	—	UNIT KING ALPH	33737J224
FJP	FIRST TR EXCH TRD ALPHDX FD	8,396 (+1.4%)	$564 (+4.5%)	0.4%	$54.42	—	JAPAN ALPHADEX	33737J158

Decreased Positions (12)

SOXX ISHARES TR 5.7%

Value ($000) $7,943 (+9.0%) Shares 26,375 (-1.8%) Est. Cost $300.66 Unrealized —

VRP INVESCO EXCH TRADED FD TR II 2.2%

Value ($000) $3,145 (-7.1%) Shares 129,285 (-5.7%) Est. Cost $25.33 Unrealized —

LMBS FIRST TR EXCHANGE-TRADED FD 1.4%

Value ($000) $1,907 (-5.4%) Shares 38,142 (-5.8%) Est. Cost $49.88 Unrealized —

FVD FIRST TR EXCHANGE-TRADED FD 2.5%

Value ($000) $3,561 (-2.4%) Shares 77,279 (-2.1%) Est. Cost $43.04 Unrealized —

IEZ ISHARES TR 0.8%

Value ($000) $1,064 (+6.2%) Shares 50,988 (-1.8%) Est. Cost $15.34 Unrealized —

FEMB FIRST TR EXCH TRADED FD III 0.6%

Value ($000) $858 (-4.2%) Shares 28,778 (-5.7%) Est. Cost $31.10 Unrealized —

FLN FIRST TR EXCH TRD ALPHDX FD 0.5%

Value ($000) $633 (-3.1%) Shares 27,905 (-8.5%) Est. Cost $17.25 Unrealized —

IYE ISHARES TR 0.7%

Value ($000) $960 (-1.9%) Shares 20,200 (-1.9%) Est. Cost $39.22 Unrealized —

NFTY FIRST TR EXCH TRD ALPHDX FD 0.6%

Value ($000) $884 (+1.3%) Shares 15,156 (-1.1%) Est. Cost $49.54 Unrealized —

FV FIRST TR EXCHANGE TRADED FD 1.6%

Value ($000) $2,304 (-0.2%) Shares 36,615 (-1.8%) Est. Cost $49.09 Unrealized —

JPM JPMORGAN CHASE & CO. 0.3%

Value ($000) $481 (-0.8%) Shares 1,492 (-2.9%) Est. Cost $162.75 Unrealized +90.2%

AVGO BROADCOM INC 0.2%

Value ($000) $238 (+0.5%) Shares 687 (-4.2%) Est. Cost $149.13 Unrealized +139.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SOXX	ISHARES TR	26,375 (-1.8%)	$7,943 (+9.0%)	5.7%	$300.66	—	ISHARES SEMICDTR	464287523
VRP	INVESCO EXCH TRADED FD TR II	129,285 (-5.7%)	$3,145 (-7.1%)	2.2%	$25.33	—	VAR RATE PFD	46138G870
LMBS	FIRST TR EXCHANGE-TRADED FD	38,142 (-5.8%)	$1,907 (-5.4%)	1.4%	$49.88	—	FST LOW OPPT EFT	33739Q200
FVD	FIRST TR EXCHANGE-TRADED FD	77,279 (-2.1%)	$3,561 (-2.4%)	2.5%	$43.04	—	SHS	33734H106
IEZ	ISHARES TR	50,988 (-1.8%)	$1,064 (+6.2%)	0.8%	$15.34	—	US OIL EQ&SV ETF	464288844
FEMB	FIRST TR EXCH TRADED FD III	28,778 (-5.7%)	$858 (-4.2%)	0.6%	$31.10	—	EME MRK BD ETF	33739P202
FLN	FIRST TR EXCH TRD ALPHDX FD	27,905 (-8.5%)	$633 (-3.1%)	0.5%	$17.25	—	LATIN AMER ALP	33737J125
IYE	ISHARES TR	20,200 (-1.9%)	$960 (-1.9%)	0.7%	$39.22	—	U.S. ENERGY ETF	464287796
NFTY	FIRST TR EXCH TRD ALPHDX FD	15,156 (-1.1%)	$884 (+1.3%)	0.6%	$49.54	—	INDIA NFTY50 EQW	33737J802
FV	FIRST TR EXCHANGE TRADED FD	36,615 (-1.8%)	$2,304 (-0.2%)	1.6%	$49.09	—	DORSEY WRT 5 ETF	33738R605
JPM	JPMORGAN CHASE & CO.	1,492 (-2.9%)	$481 (-0.8%)	0.3%	$162.75	+90.2%	COM	46625H100
AVGO	BROADCOM INC	687 (-4.2%)	$238 (+0.5%)	0.2%	$149.13	+139.4%	COM	11135F101

Unchanged Positions (56)

ITB ISHARES TR 3.9%

Value ($000) $5,460 Shares 56,702 Est. Cost $87.05 Unrealized —

CLSE TRUST FOR PROFESSIONAL MANAG 6.6%

Value ($000) $9,278 Shares 339,478 Est. Cost $20.77 Unrealized —

FTA FIRST TR EXCHANGE-TRADED ALP 3.7%

Value ($000) $5,176 Shares 60,088 Est. Cost $69.57 Unrealized —

RDVY FIRST TR EXCHANGE TRADED FD 4.5%

Value ($000) $6,277 Shares 90,359 Est. Cost $51.35 Unrealized —

MRK MERCK & CO INC 0.4%

Value ($000) $627 Shares 5,954 Est. Cost $69.89 Unrealized +33.4%

AAPL APPLE INC 1.2%

Value ($000) $1,718 Shares 6,321 Est. Cost $159.61 Unrealized +68.1%

TDIV FIRST TR EXCHANGE TRADED FD 2.8%

Value ($000) $3,873 Shares 39,989 Est. Cost $62.71 Unrealized —

GOOGL ALPHABET INC 0.3%

Value ($000) $404 Shares 1,292 Est. Cost $139.43 Unrealized +104.8%

IYW ISHARES TR 6.5%

Value ($000) $9,128 Shares 45,714 Est. Cost $112.69 Unrealized —

FSZ FIRST TR EXCH TRD ALPHDX FD 1.2%

Value ($000) $1,751 Shares 21,861 Est. Cost $70.44 Unrealized —

IEO ISHARES TR 1.3%

Value ($000) $1,856 Shares 20,790 Est. Cost $70.63 Unrealized —

GOOG ALPHABET INC 0.2%

Value ($000) $293 Shares 933 Est. Cost $209.93 Unrealized +36.4%

PG PROCTER AND GAMBLE CO 0.5%

Value ($000) $732 Shares 5,108 Est. Cost $135.06 Unrealized +9.0%

FDD FIRST TR EXCHANGE-TRADED FD 0.4%

Value ($000) $583 Shares 33,297 Est. Cost $14.42 Unrealized —

MSFT MICROSOFT CORP 0.4%

Value ($000) $520 Shares 1,076 Est. Cost $319.00 Unrealized +56.9%

WFC WELLS FARGO CO NEW 0.3%

Value ($000) $357 Shares 3,832 Est. Cost $50.13 Unrealized +72.8%

AMZN AMAZON COM INC 0.5%

Value ($000) $721 Shares 3,124 Est. Cost $133.98 Unrealized +70.8%

MELI MERCADOLIBRE INC 0.1%

Value ($000) $201 Shares 100 Est. Cost $2335.36 Unrealized -10.1%

CIBR FIRST TR EXCHANGE TRADED FD 0.3%

Value ($000) $482 Shares 6,749 Est. Cost $52.76 Unrealized —

WMT WALMART INC 0.3%

Value ($000) $416 Shares 3,731 Est. Cost $55.62 Unrealized +92.7%

MO ALTRIA GROUP INC 0.2%

Value ($000) $217 Shares 3,762 Est. Cost $51.03 Unrealized +16.3%

MDIV FIRST TR EXCHANGE TRADED FD 0.7%

Value ($000) $1,050 Shares 66,765 Est. Cost $16.48 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.3%

Value ($000) $483 Shares 1,630 Est. Cost $110.60 Unrealized +170.1%

ZION ZIONS BANCORPORATION N A 0.5%

Value ($000) $667 Shares 11,391 Est. Cost $59.77 Unrealized -8.9%

WMB WILLIAMS COS INC 0.3%

Value ($000) $415 Shares 6,903 Est. Cost $24.34 Unrealized +146.8%

FTCS FIRST TR EXCHANGE-TRADED FD 1.3%

Value ($000) $1,805 Shares 19,514 Est. Cost $90.80 Unrealized —

IYM ISHARES TR 0.4%

Value ($000) $567 Shares 3,680 Est. Cost $119.50 Unrealized —

ITW ILLINOIS TOOL WKS INC 0.2%

Value ($000) $346 Shares 1,406 Est. Cost $209.84 Unrealized +18.0%

DE DEERE & CO 0.7%

Value ($000) $1,041 Shares 2,235 Est. Cost $332.00 Unrealized +40.9%

COST COSTCO WHSL CORP NEW 0.2%

Value ($000) $233 Shares 270 Est. Cost $576.36 Unrealized +57.1%

BAC BANK AMERICA CORP 0.2%

Value ($000) $260 Shares 4,719 Est. Cost $38.33 Unrealized +37.4%

CWB SPDR SERIES TRUST 0.7%

Value ($000) $983 Shares 11,017 Est. Cost $82.97 Unrealized —

FRI FIRST TR EXCHANGE-TRADED FD 0.4%

Value ($000) $528 Shares 19,340 Est. Cost $31.68 Unrealized —

ABT ABBOTT LABS 0.2%

Value ($000) $224 Shares 1,785 Est. Cost $107.07 Unrealized +18.9%

UNP UNION PAC CORP 0.5%

Value ($000) $723 Shares 3,127 Est. Cost $214.58 Unrealized +5.9%

BKF ISHARES INC 0.3%

Value ($000) $432 Shares 9,863 Est. Cost $44.75 Unrealized —

IYK ISHARES TR 0.3%

Value ($000) $386 Shares 5,763 Est. Cost $114.39 Unrealized —

CVX CHEVRON CORP NEW 0.4%

Value ($000) $572 Shares 3,751 Est. Cost $103.29 Unrealized +46.6%

FAB FIRST TR EXCHANGE-TRADED ALP 0.3%

Value ($000) $433 Shares 4,854 Est. Cost $74.68 Unrealized —

KBA KRANESHARES TRUST 0.2%

Value ($000) $333 Shares 10,775 Est. Cost $43.21 Unrealized —

EMR EMERSON ELEC CO 0.5%

Value ($000) $768 Shares 5,786 Est. Cost $86.51 Unrealized +53.0%

PEP PEPSICO INC 0.5%

Value ($000) $633 Shares 4,411 Est. Cost $143.85 Unrealized +1.4%

FPX FIRST TR EXCHANGE-TRADED FD 0.3%

Value ($000) $394 Shares 2,407 Est. Cost $89.32 Unrealized —

IVE ISHARES TR 0.2%

Value ($000) $278 Shares 1,312 Est. Cost $158.55 Unrealized —

FMB FIRST TR EXCH TRADED FD III 0.5%

Value ($000) $671 Shares 13,128 Est. Cost $55.61 Unrealized —

HYLS FIRST TR EXCHANGE-TRADED FD 0.8%

Value ($000) $1,082 Shares 25,848 Est. Cost $46.96 Unrealized —

MCD MCDONALDS CORP 0.7%

Value ($000) $963 Shares 3,153 Est. Cost $235.94 Unrealized +29.3%

SDVY FIRST TR EXCHANGE-TRADED FD 0.3%

Value ($000) $418 Shares 10,913 Est. Cost $24.57 Unrealized —

FXN FIRST TR EXCHANGE TRADED FD 0.2%

Value ($000) $351 Shares 21,283 Est. Cost $11.92 Unrealized —

TIP ISHARES TR 0.2%

Value ($000) $247 Shares 2,245 Est. Cost $127.26 Unrealized —

FXD FIRST TR EXCHANGE TRADED FD 1.1%

Value ($000) $1,508 Shares 22,055 Est. Cost $62.02 Unrealized —

FIXD FIRST TR EXCHNG TRADED FD VI 0.4%

Value ($000) $573 Shares 12,919 Est. Cost $53.21 Unrealized —

PM PHILIP MORRIS INTL INC 0.2%

Value ($000) $227 Shares 1,418 Est. Cost $86.64 Unrealized +77.2%

MA MASTERCARD INCORPORATED 0.2%

Value ($000) $211 Shares 369 Est. Cost $388.21 Unrealized +44.0%

FTSM FIRST TR EXCHANGE-TRADED FD 0.4%

Value ($000) $537 Shares 8,964 Est. Cost $59.79 Unrealized —

NVDA NVIDIA CORPORATION 0.3%

Value ($000) $434 Shares 2,328 Est. Cost $95.48 Unrealized +94.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ITB	ISHARES TR	56,702	$5,460	3.9%	$87.05	—	US HOME CONS ETF	464288752
CLSE	TRUST FOR PROFESSIONAL MANAG	339,478	$9,278	6.6%	$20.77	—	CONVERGENCE LNG	89834G760
FTA	FIRST TR EXCHANGE-TRADED ALP	60,088	$5,176	3.7%	$69.57	—	COM SHS	33735J101
RDVY	FIRST TR EXCHANGE TRADED FD	90,359	$6,277	4.5%	$51.35	—	RISNG DIVD ACHIV	33738R506
MRK	MERCK & CO INC	5,954	$627	0.4%	$69.89	+33.4%	COM	58933Y105
AAPL	APPLE INC	6,321	$1,718	1.2%	$159.61	+68.1%	COM	037833100
TDIV	FIRST TR EXCHANGE TRADED FD	39,989	$3,873	2.8%	$62.71	—	NASD TECH DIV	33738R118
GOOGL	ALPHABET INC	1,292	$404	0.3%	$139.43	+104.8%	CAP STK CL A	02079K305
IYW	ISHARES TR	45,714	$9,128	6.5%	$112.69	—	U.S. TECH ETF	464287721
FSZ	FIRST TR EXCH TRD ALPHDX FD	21,861	$1,751	1.2%	$70.44	—	SWITZLND ALPHA	33737J232
IEO	ISHARES TR	20,790	$1,856	1.3%	$70.63	—	US OIL GS EX ETF	464288851
GOOG	ALPHABET INC	933	$293	0.2%	$209.93	+36.4%	CAP STK CL C	02079K107
PG	PROCTER AND GAMBLE CO	5,108	$732	0.5%	$135.06	+9.0%	COM	742718109
FDD	FIRST TR EXCHANGE-TRADED FD	33,297	$583	0.4%	$14.42	—	COMMON SHS	33735T109
MSFT	MICROSOFT CORP	1,076	$520	0.4%	$319.00	+56.9%	COM	594918104
WFC	WELLS FARGO CO NEW	3,832	$357	0.3%	$50.13	+72.8%	COM	949746101
AMZN	AMAZON COM INC	3,124	$721	0.5%	$133.98	+70.8%	COM	023135106
MELI	MERCADOLIBRE INC	100	$201	0.1%	$2335.36	-10.1%	COM	58733R102
CIBR	FIRST TR EXCHANGE TRADED FD	6,749	$482	0.3%	$52.76	—	NASDAQ CYB ETF	33734X846
WMT	WALMART INC	3,731	$416	0.3%	$55.62	+92.7%	COM	931142103
MO	ALTRIA GROUP INC	3,762	$217	0.2%	$51.03	+16.3%	COM	02209S103
MDIV	FIRST TR EXCHANGE TRADED FD	66,765	$1,050	0.7%	$16.48	—	MULTI ASSET DI	33738R100
IBM	INTERNATIONAL BUSINESS MACHS	1,630	$483	0.3%	$110.60	+170.1%	COM	459200101
ZION	ZIONS BANCORPORATION N A	11,391	$667	0.5%	$59.77	-8.9%	COM	989701107
WMB	WILLIAMS COS INC	6,903	$415	0.3%	$24.34	+146.8%	COM	969457100
FTCS	FIRST TR EXCHANGE-TRADED FD	19,514	$1,805	1.3%	$90.80	—	CAP STRENGTH ETF	33733E104
IYM	ISHARES TR	3,680	$567	0.4%	$119.50	—	U.S. BAS MTL ETF	464287838
ITW	ILLINOIS TOOL WKS INC	1,406	$346	0.2%	$209.84	+18.0%	COM	452308109
DE	DEERE & CO	2,235	$1,041	0.7%	$332.00	+40.9%	COM	244199105
COST	COSTCO WHSL CORP NEW	270	$233	0.2%	$576.36	+57.1%	COM	22160K105
BAC	BANK AMERICA CORP	4,719	$260	0.2%	$38.33	+37.4%	COM	060505104
CWB	SPDR SERIES TRUST	11,017	$983	0.7%	$82.97	—	STATE STREET SPD	78464A359
FRI	FIRST TR EXCHANGE-TRADED FD	19,340	$528	0.4%	$31.68	—	COM	33734G108
ABT	ABBOTT LABS	1,785	$224	0.2%	$107.07	+18.9%	COM	002824100
UNP	UNION PAC CORP	3,127	$723	0.5%	$214.58	+5.9%	COM	907818108
BKF	ISHARES INC	9,863	$432	0.3%	$44.75	—	MSCI BIC ETF	464286657
IYK	ISHARES TR	5,763	$386	0.3%	$114.39	—	US CONSM STAPLES	464287812
CVX	CHEVRON CORP NEW	3,751	$572	0.4%	$103.29	+46.6%	COM	166764100
FAB	FIRST TR EXCHANGE-TRADED ALP	4,854	$433	0.3%	$74.68	—	SHS ISSUED FRST	33733C108
KBA	KRANESHARES TRUST	10,775	$333	0.2%	$43.21	—	BOSERA MSCI CHIN	500767405
EMR	EMERSON ELEC CO	5,786	$768	0.5%	$86.51	+53.0%	COM	291011104
PEP	PEPSICO INC	4,411	$633	0.5%	$143.85	+1.4%	COM	713448108
FPX	FIRST TR EXCHANGE-TRADED FD	2,407	$394	0.3%	$89.32	—	US EQTY OPPT ETF	336920103
IVE	ISHARES TR	1,312	$278	0.2%	$158.55	—	S&P 500 VAL ETF	464287408
FMB	FIRST TR EXCH TRADED FD III	13,128	$671	0.5%	$55.61	—	MANAGD MUN ETF	33739N108
HYLS	FIRST TR EXCHANGE-TRADED FD	25,848	$1,082	0.8%	$46.96	—	FIRST TR TA HIYL	33738D408
MCD	MCDONALDS CORP	3,153	$963	0.7%	$235.94	+29.3%	COM	580135101
SDVY	FIRST TR EXCHANGE-TRADED FD	10,913	$418	0.3%	$24.57	—	SMID RISNG ETF	33741X102
FXN	FIRST TR EXCHANGE TRADED FD	21,283	$351	0.2%	$11.92	—	ENERGY ALPHADX	33734X127
TIP	ISHARES TR	2,245	$247	0.2%	$127.26	—	TIPS BD ETF	464287176
FXD	FIRST TR EXCHANGE TRADED FD	22,055	$1,508	1.1%	$62.02	—	CONSUMR DISCRE	33734X101
FIXD	FIRST TR EXCHNG TRADED FD VI	12,919	$573	0.4%	$53.21	—	SMITH OPPORT FXD	33740F805
PM	PHILIP MORRIS INTL INC	1,418	$227	0.2%	$86.64	+77.2%	COM	718172109
MA	MASTERCARD INCORPORATED	369	$211	0.2%	$388.21	+44.0%	CL A	57636Q104
FTSM	FIRST TR EXCHANGE-TRADED FD	8,964	$537	0.4%	$59.79	—	FIRST TR ENH NEW	33739Q408
NVDA	NVIDIA CORPORATION	2,328	$434	0.3%	$95.48	+94.9%	COM	67066G104