Investments & Financial Planning, LLC Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VCSH	VANGUARD SCOTTSDALE FDS	136,284 (+57.3%)	$10,866 (+56.9%)	5.8%	$79.09	—	SHRT TRM CORP BD	92206C409
SHYG	ISHARES TR	59,389 (+12.7%)	$2,546 (+11.6%)	1.4%	$43.16	—	0-5YR HI YL CP	46434V407
BIV	VANGUARD BD INDEX FDS	45,926 (+4.3%)	$3,577 (+4.0%)	1.9%	$80.70	—	INTERMED TERM	921937819
SCHV	SCHWAB STRATEGIC TR	17,612 (+26.9%)	$522 (+29.1%)	0.3%	$34.79	—	US LCAP VA ETF	808524409
SCHG	SCHWAB STRATEGIC TR	11,886 (+28.0%)	$388 (+30.9%)	0.2%	$41.58	—	US LCAP GR ETF	808524300
MUB	ISHARES TR	8,879 (+5.1%)	$951 (+5.7%)	0.5%	$109.64	—	NATIONAL MUN ETF	464288414
SPAB	SPDR SERIES TRUST	18,133 (+10.7%)	$467 (+10.2%)	0.3%	$27.34	—	STATE STREET SPD	78464A649

Exited Positions (1)

VIG VANGUARD SPECIALIZED FUNDS 0.2%

Value ($000) $419 Shares 1,942 Est. Cost $165.60 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VIG	VANGUARD SPECIALIZED FUNDS	1,942	$419	0.2%	$165.60	—	—	921908844

Decreased Positions (19)

VT VANGUARD INTL EQUITY INDEX F 4.1%

Value ($000) $7,637 (-7.9%) Shares 54,138 (-10.0%) Est. Cost $103.13 Unrealized —

VO VANGUARD INDEX FDS 8.9%

Value ($000) $16,625 (-3.5%) Shares 57,285 (-2.3%) Est. Cost $227.77 Unrealized —

CGGR CAPITAL GROUP GROWTH ETF 6.0%

Value ($000) $11,133 (-4.5%) Shares 250,356 (-5.7%) Est. Cost $26.76 Unrealized —

VTV VANGUARD INDEX FDS 0.5%

Value ($000) $904 (-35.7%) Shares 4,736 (-37.2%) Est. Cost $146.85 Unrealized —

SPYG SPDR SERIES TRUST 20.6%

Value ($000) $38,354 (-0.8%) Shares 359,459 (-2.8%) Est. Cost $65.44 Unrealized —

VB VANGUARD INDEX FDS 20.7%

Value ($000) $38,626 (-0.6%) Shares 149,742 (-2.0%) Est. Cost $208.92 Unrealized —

BNDX VANGUARD CHARLOTTE FDS 0.5%

Value ($000) $943 (-16.7%) Shares 19,515 (-14.8%) Est. Cost $53.03 Unrealized —

VWOB VANGUARD WHITEHALL FDS 0.3%

Value ($000) $560 (-24.6%) Shares 8,312 (-25.2%) Est. Cost $69.30 Unrealized —

VUG VANGUARD INDEX FDS 0.9%

Value ($000) $1,748 (-7.9%) Shares 3,583 (-9.5%) Est. Cost $285.64 Unrealized —

URTH ISHARES INC 5.4%

Value ($000) $10,094 (+1.2%) Shares 54,335 (-1.1%) Est. Cost $128.71 Unrealized —

SPYM SPDR SERIES TRUST 0.4%

Value ($000) $829 (-7.7%) Shares 10,335 (-9.9%) Est. Cost $52.82 Unrealized —

LQD ISHARES TR 0.2%

Value ($000) $421 (-12.6%) Shares 3,817 (-11.6%) Est. Cost $123.71 Unrealized —

SPYV SPDR SERIES TRUST 0.3%

Value ($000) $581 (-7.8%) Shares 10,234 (-10.2%) Est. Cost $41.25 Unrealized —

JNK SPDR SERIES TRUST 0.1%

Value ($000) $222 (-8.4%) Shares 2,287 (-7.6%) Est. Cost $102.91 Unrealized —

SPDW SPDR INDEX SHS FDS 0.2%

Value ($000) $402 (-3.3%) Shares 9,043 (-6.8%) Est. Cost $35.61 Unrealized —

AMZN AMAZON COM INC 0.2%

Value ($000) $429 (+2.4%) Shares 1,859 (-2.6%) Est. Cost $115.97 Unrealized +97.3%

SPEM SPDR INDEX SHS FDS 0.1%

Value ($000) $204 (-4.4%) Shares 4,355 (-4.4%) Est. Cost $42.74 Unrealized —

SCHW SCHWAB CHARLES CORP 0.1%

Value ($000) $250 (+2.6%) Shares 2,500 (-1.9%) Est. Cost $83.15 Unrealized +13.9%

VBR VANGUARD INDEX FDS 0.2%

Value ($000) $391 (-0.1%) Shares 1,847 (-1.5%) Est. Cost $174.55 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VT	VANGUARD INTL EQUITY INDEX F	54,138 (-10.0%)	$7,637 (-7.9%)	4.1%	$103.13	—	TT WRLD ST ETF	922042742
VO	VANGUARD INDEX FDS	57,285 (-2.3%)	$16,625 (-3.5%)	8.9%	$227.77	—	MID CAP ETF	922908629
CGGR	CAPITAL GROUP GROWTH ETF	250,356 (-5.7%)	$11,133 (-4.5%)	6.0%	$26.76	—	SHS CREATION UNI	14020G101
VTV	VANGUARD INDEX FDS	4,736 (-37.2%)	$904 (-35.7%)	0.5%	$146.85	—	VALUE ETF	922908744
SPYG	SPDR SERIES TRUST	359,459 (-2.8%)	$38,354 (-0.8%)	20.6%	$65.44	—	STATE STREET SPD	78464A409
VB	VANGUARD INDEX FDS	149,742 (-2.0%)	$38,626 (-0.6%)	20.7%	$208.92	—	SMALL CP ETF	922908751
BNDX	VANGUARD CHARLOTTE FDS	19,515 (-14.8%)	$943 (-16.7%)	0.5%	$53.03	—	TOTAL INT BD ETF	92203J407
VWOB	VANGUARD WHITEHALL FDS	8,312 (-25.2%)	$560 (-24.6%)	0.3%	$69.30	—	EM MK GOV BD ETF	921946885
VUG	VANGUARD INDEX FDS	3,583 (-9.5%)	$1,748 (-7.9%)	0.9%	$285.64	—	GROWTH ETF	922908736
URTH	ISHARES INC	54,335 (-1.1%)	$10,094 (+1.2%)	5.4%	$128.71	—	MSCI WORLD ETF	464286392
SPYM	SPDR SERIES TRUST	10,335 (-9.9%)	$829 (-7.7%)	0.4%	$52.82	—	STATE STREET SPD	78464A854
LQD	ISHARES TR	3,817 (-11.6%)	$421 (-12.6%)	0.2%	$123.71	—	IBOXX INV CP ETF	464287242
SPYV	SPDR SERIES TRUST	10,234 (-10.2%)	$581 (-7.8%)	0.3%	$41.25	—	STATE STREET SPD	78464A508
JNK	SPDR SERIES TRUST	2,287 (-7.6%)	$222 (-8.4%)	0.1%	$102.91	—	STATE STREET SPD	78468R622
SPDW	SPDR INDEX SHS FDS	9,043 (-6.8%)	$402 (-3.3%)	0.2%	$35.61	—	PORTFOLIO DEVLPD	78463X889
AMZN	AMAZON COM INC	1,859 (-2.6%)	$429 (+2.4%)	0.2%	$115.97	+97.3%	COM	023135106
SPEM	SPDR INDEX SHS FDS	4,355 (-4.4%)	$204 (-4.4%)	0.1%	$42.74	—	PORTFOLIO EMG MK	78463X509
SCHW	SCHWAB CHARLES CORP	2,500 (-1.9%)	$250 (+2.6%)	0.1%	$83.15	+13.9%	COM	808513105
VBR	VANGUARD INDEX FDS	1,847 (-1.5%)	$391 (-0.1%)	0.2%	$174.55	—	SM CP VAL ETF	922908611

Unchanged Positions (10)

IJH ISHARES TR 14.3%

Value ($000) $26,716 Shares 404,791 Est. Cost $100.30 Unrealized —

AAPL APPLE INC 0.4%

Value ($000) $809 Shares 2,976 Est. Cost $156.75 Unrealized +71.2%

TSLA TESLA INC 1.3%

Value ($000) $2,499 Shares 5,557 Est. Cost $225.85 Unrealized +96.3%

MSFT MICROSOFT CORP 0.2%

Value ($000) $306 Shares 633 Est. Cost $405.08 Unrealized +23.6%

UNH UNITEDHEALTH GROUP INC 0.1%

Value ($000) $212 Shares 642 Est. Cost $457.97 Unrealized -26.4%

NVDA NVIDIA CORPORATION 2.4%

Value ($000) $4,528 Shares 24,280 Est. Cost $94.67 Unrealized +96.6%

VOE VANGUARD INDEX FDS 0.3%

Value ($000) $476 Shares 2,682 Est. Cost $148.43 Unrealized —

SUB ISHARES TR 0.2%

Value ($000) $422 Shares 3,957 Est. Cost $105.91 Unrealized —

BA BOEING CO 0.1%

Value ($000) $259 Shares 1,191 Est. Cost $156.93 Unrealized +31.1%

DIS DISNEY WALT CO 0.1%

Value ($000) $220 Shares 1,931 Est. Cost $102.81 Unrealized +6.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IJH	ISHARES TR	404,791	$26,716	14.3%	$100.30	—	CORE S&P MCP ETF	464287507
AAPL	APPLE INC	2,976	$809	0.4%	$156.75	+71.2%	COM	037833100
TSLA	TESLA INC	5,557	$2,499	1.3%	$225.85	+96.3%	COM	88160R101
MSFT	MICROSOFT CORP	633	$306	0.2%	$405.08	+23.6%	COM	594918104
UNH	UNITEDHEALTH GROUP INC	642	$212	0.1%	$457.97	-26.4%	COM	91324P102
NVDA	NVIDIA CORPORATION	24,280	$4,528	2.4%	$94.67	+96.6%	COM	67066G104
VOE	VANGUARD INDEX FDS	2,682	$476	0.3%	$148.43	—	MCAP VL IDXVIP	922908512
SUB	ISHARES TR	3,957	$422	0.2%	$105.91	—	SHRT NAT MUN ETF	464288158
BA	BOEING CO	1,191	$259	0.1%	$156.93	+31.1%	COM	097023105
DIS	DISNEY WALT CO	1,931	$220	0.1%	$102.81	+6.5%	COM	254687106