VERUS WEALTH MANAGEMENT, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	20,981 (+5.9%)	$13,158 (+8.5%)	12.3%	$542.89	—	S&P 500 ETF SHS	922908363
VTEB	VANGUARD MUN BD FDS	106,720 (+14.4%)	$5,367 (+14.9%)	5.0%	$50.12	—	TAX EXEMPT BD	922907746
SPIB	SPDR SERIES TRUST	67,081 (+22.6%)	$2,268 (+22.3%)	2.1%	$33.22	—	STATE STREET SPD	78464A375
VCIT	VANGUARD SCOTTSDALE FDS	99,012 (+5.3%)	$8,292 (+4.9%)	7.7%	$80.94	—	INT-TERM CORP	92206C870
VCSH	VANGUARD SCOTTSDALE FDS	36,295 (+13.5%)	$2,894 (+13.2%)	2.7%	$78.62	—	SHRT TRM CORP BD	92206C409
MUB	ISHARES TR	117,216 (+1.5%)	$12,555 (+2.0%)	11.7%	$106.38	—	NATIONAL MUN ETF	464288414
BND	VANGUARD BD INDEX FDS	92,728 (+3.7%)	$6,868 (+3.3%)	6.4%	$72.36	—	TOTAL BND MRKT	921937835
LLY	ELI LILLY & CO	343 (+3.3%)	$369 (+45.5%)	0.3%	$824.79	+15.9%	COM	532457108
IJR	ISHARES TR	31,212 (+1.9%)	$3,751 (+3.0%)	3.5%	$114.99	—	CORE S&P SCP ETF	464287804
EMB	ISHARES TR	29,973 (+1.4%)	$2,886 (+2.5%)	2.7%	$89.50	—	JPMORGAN USD EMG	464288281
AGG	ISHARES TR	7,951 (+3.2%)	$794 (+2.8%)	0.7%	$98.27	—	CORE US AGGBD ET	464287226
SPHY	SPDR SERIES TRUST	177,382 (+1.5%)	$4,199 (+0.4%)	3.9%	$23.51	—	STATE STREET SPD	78468R606
VCEB	VANGUARD WORLD FD	8,490 (+2.0%)	$540 (+1.1%)	0.5%	$62.67	—	ESG US CORP BD	921910691

Exited Positions (8)

NIC NICOLET BANKSHARES INC 0.7%

Value ($000) $706 Shares 5,250 Est. Cost $104.42 Unrealized +20.8%

CEG CONSTELLATION ENERGY CORP 0.5%

Value ($000) $544 Shares 1,654 Est. Cost $248.41 Unrealized +46.2%

WTRG ESSENTIAL UTILS INC 0.4%

Value ($000) $404 Shares 10,137 Est. Cost $38.81 Unrealized +1.4%

VZ VERIZON COMMUNICATIONS INC 0.3%

Value ($000) $351 Shares 7,991 Est. Cost $39.46 Unrealized +2.6%

NFLX NETFLIX INC 0.3%

Value ($000) $295 Shares 246 Est. Cost $82.31 Unrealized +31.0%

COST COSTCO WHSL CORP NEW 0.2%

Value ($000) $259 Shares 280 Est. Cost $926.91 Unrealized -2.3%

FTS FORTIS INC 0.2%

Value ($000) $218 Shares 4,293 Est. Cost $46.59 Unrealized +9.1%

WMT WALMART INC 0.2%

Value ($000) $206 Shares 2,001 Est. Cost $99.23 Unrealized +8.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NIC	NICOLET BANKSHARES INC	5,250	$706	0.7%	$104.42	+20.8%	—	65406E102
CEG	CONSTELLATION ENERGY CORP	1,654	$544	0.5%	$248.41	+46.2%	—	21037T109
WTRG	ESSENTIAL UTILS INC	10,137	$404	0.4%	$38.81	+1.4%	—	29670G102
VZ	VERIZON COMMUNICATIONS INC	7,991	$351	0.3%	$39.46	+2.6%	—	92343V104
NFLX	NETFLIX INC	246	$295	0.3%	$82.31	+31.0%	—	64110L106
COST	COSTCO WHSL CORP NEW	280	$259	0.2%	$926.91	-2.3%	—	22160K105
FTS	FORTIS INC	4,293	$218	0.2%	$46.59	+9.1%	—	349553107
WMT	WALMART INC	2,001	$206	0.2%	$99.23	+8.0%	—	931142103

Decreased Positions (22)

VEA VANGUARD TAX-MANAGED FDS 3.3%

Value ($000) $3,594 (-44.7%) Shares 57,527 (-46.9%) Est. Cost $47.82 Unrealized —

IDEV ISHARES TR 0.6%

Value ($000) $691 (-43.0%) Shares 8,378 (-44.6%) Est. Cost $67.86 Unrealized —

AAPL APPLE INC 1.2%

Value ($000) $1,272 (-23.1%) Shares 4,678 (-28.0%) Est. Cost $234.51 Unrealized +14.4%

MSFT MICROSOFT CORP 1.1%

Value ($000) $1,182 (-22.3%) Shares 2,445 (-16.8%) Est. Cost $422.35 Unrealized +18.5%

VONV VANGUARD SCOTTSDALE FDS 3.7%

Value ($000) $3,978 (-3.4%) Shares 43,096 (-6.5%) Est. Cost $81.29 Unrealized —

DFAS DIMENSIONAL ETF TRUST 1.4%

Value ($000) $1,460 (-8.6%) Shares 20,950 (-10.2%) Est. Cost $64.59 Unrealized —

META META PLATFORMS INC 0.4%

Value ($000) $458 (-21.4%) Shares 694 (-12.6%) Est. Cost $585.18 Unrealized +14.0%

AVEM AMERICAN CENTY ETF TR 3.2%

Value ($000) $3,487 (-2.9%) Shares 45,268 (-5.3%) Est. Cost $58.82 Unrealized —

GOOGL ALPHABET INC 0.6%

Value ($000) $642 (+13.6%) Shares 2,052 (-11.8%) Est. Cost $174.65 Unrealized +63.5%

AVGO BROADCOM INC 0.4%

Value ($000) $468 (-12.6%) Shares 1,351 (-16.7%) Est. Cost $184.32 Unrealized +93.7%

V VISA INC 0.2%

Value ($000) $206 (-23.0%) Shares 588 (-25.1%) Est. Cost $298.33 Unrealized +14.1%

JPM JPMORGAN CHASE & CO. 0.3%

Value ($000) $346 (-13.9%) Shares 1,073 (-15.7%) Est. Cost $228.03 Unrealized +35.7%

AMZN AMAZON COM INC 0.6%

Value ($000) $643 (-5.2%) Shares 2,787 (-9.9%) Est. Cost $205.51 Unrealized +11.3%

VOOV VANGUARD ADMIRAL FDS INC 0.7%

Value ($000) $723 (-3.7%) Shares 3,531 (-6.2%) Est. Cost $184.69 Unrealized —

VONE VANGUARD SCOTTSDALE FDS 1.5%

Value ($000) $1,571 (-1.6%) Shares 5,085 (-3.7%) Est. Cost $275.04 Unrealized —

IEMG ISHARES INC 2.2%

Value ($000) $2,364 (-0.9%) Shares 35,165 (-2.8%) Est. Cost $52.44 Unrealized —

EFIV SPDR SERIES TRUST 0.6%

Value ($000) $592 (+2.3%) Shares 8,950 (-1.6%) Est. Cost $56.18 Unrealized —

DFIV DIMENSIONAL ETF TRUST 1.5%

Value ($000) $1,607 (+0.4%) Shares 32,209 (-7.2%) Est. Cost $35.48 Unrealized —

CMF ISHARES TR 0.4%

Value ($000) $385 (-1.0%) Shares 6,700 (-1.8%) Est. Cost $55.74 Unrealized —

TSLA TESLA INC 0.4%

Value ($000) $386 (-0.5%) Shares 859 (-1.6%) Est. Cost $322.06 Unrealized +37.6%

AVDV AMERICAN CENTY ETF TR 1.4%

Value ($000) $1,490 (+0.0%) Shares 15,851 (-5.2%) Est. Cost $65.19 Unrealized —

DFAT DIMENSIONAL ETF TRUST 1.5%

Value ($000) $1,568 (-0.0%) Shares 26,335 (-2.3%) Est. Cost $55.66 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VEA	VANGUARD TAX-MANAGED FDS	57,527 (-46.9%)	$3,594 (-44.7%)	3.3%	$47.82	—	VAN FTSE DEV MKT	921943858
IDEV	ISHARES TR	8,378 (-44.6%)	$691 (-43.0%)	0.6%	$67.86	—	CORE MSCI INTL	46435G326
AAPL	APPLE INC	4,678 (-28.0%)	$1,272 (-23.1%)	1.2%	$234.51	+14.4%	COM	037833100
MSFT	MICROSOFT CORP	2,445 (-16.8%)	$1,182 (-22.3%)	1.1%	$422.35	+18.5%	COM	594918104
VONV	VANGUARD SCOTTSDALE FDS	43,096 (-6.5%)	$3,978 (-3.4%)	3.7%	$81.29	—	VNG RUS1000VAL	92206C714
DFAS	DIMENSIONAL ETF TRUST	20,950 (-10.2%)	$1,460 (-8.6%)	1.4%	$64.59	—	US SMALL CAP ETF	25434V500
META	META PLATFORMS INC	694 (-12.6%)	$458 (-21.4%)	0.4%	$585.18	+14.0%	CL A	30303M102
AVEM	AMERICAN CENTY ETF TR	45,268 (-5.3%)	$3,487 (-2.9%)	3.2%	$58.82	—	AVANTIS EMGMKT	025072604
GOOGL	ALPHABET INC	2,052 (-11.8%)	$642 (+13.6%)	0.6%	$174.65	+63.5%	CAP STK CL A	02079K305
AVGO	BROADCOM INC	1,351 (-16.7%)	$468 (-12.6%)	0.4%	$184.32	+93.7%	COM	11135F101
V	VISA INC	588 (-25.1%)	$206 (-23.0%)	0.2%	$298.33	+14.1%	COM CL A	92826C839
JPM	JPMORGAN CHASE & CO.	1,073 (-15.7%)	$346 (-13.9%)	0.3%	$228.03	+35.7%	COM	46625H100
AMZN	AMAZON COM INC	2,787 (-9.9%)	$643 (-5.2%)	0.6%	$205.51	+11.3%	COM	023135106
VOOV	VANGUARD ADMIRAL FDS INC	3,531 (-6.2%)	$723 (-3.7%)	0.7%	$184.69	—	500 VAL IDX FD	921932703
VONE	VANGUARD SCOTTSDALE FDS	5,085 (-3.7%)	$1,571 (-1.6%)	1.5%	$275.04	—	VNG RUS1000IDX	92206C730
IEMG	ISHARES INC	35,165 (-2.8%)	$2,364 (-0.9%)	2.2%	$52.44	—	CORE MSCI EMKT	46434G103
EFIV	SPDR SERIES TRUST	8,950 (-1.6%)	$592 (+2.3%)	0.6%	$56.18	—	STATE STREET SPD	78468R531
DFIV	DIMENSIONAL ETF TRUST	32,209 (-7.2%)	$1,607 (+0.4%)	1.5%	$35.48	—	INTERNATNAL VAL	25434V807
CMF	ISHARES TR	6,700 (-1.8%)	$385 (-1.0%)	0.4%	$55.74	—	CALIF MUN BD ETF	464288356
TSLA	TESLA INC	859 (-1.6%)	$386 (-0.5%)	0.4%	$322.06	+37.6%	COM	88160R101
AVDV	AMERICAN CENTY ETF TR	15,851 (-5.2%)	$1,490 (+0.0%)	1.4%	$65.19	—	INTL SMCP VLU	025072802
DFAT	DIMENSIONAL ETF TRUST	26,335 (-2.3%)	$1,568 (-0.0%)	1.5%	$55.66	—	US TARGETED VLU	25434V609

Unchanged Positions (13)

GOOG ALPHABET INC 0.4%

Value ($000) $406 Shares 1,294 Est. Cost $175.67 Unrealized +63.0%

DFUV DIMENSIONAL ETF TRUST 1.3%

Value ($000) $1,401 Shares 30,065 Est. Cost $40.92 Unrealized —

SCHF SCHWAB STRATEGIC TR 1.2%

Value ($000) $1,286 Shares 53,498 Est. Cost $18.50 Unrealized —

IVW ISHARES TR 0.8%

Value ($000) $908 Shares 7,368 Est. Cost $101.53 Unrealized —

IWF ISHARES TR 1.4%

Value ($000) $1,478 Shares 3,122 Est. Cost $401.58 Unrealized —

AVSD AMERICAN CENTY ETF TR 0.4%

Value ($000) $394 Shares 5,300 Est. Cost $71.55 Unrealized —

VWOB VANGUARD WHITEHALL FDS 1.5%

Value ($000) $1,626 Shares 24,119 Est. Cost $63.40 Unrealized —

GUNR FLEXSHARES TR 0.2%

Value ($000) $230 Shares 5,015 Est. Cost $40.11 Unrealized —

IWD ISHARES TR 0.3%

Value ($000) $300 Shares 1,424 Est. Cost $185.13 Unrealized —

AVUV AMERICAN CENTY ETF TR 0.3%

Value ($000) $276 Shares 2,702 Est. Cost $91.10 Unrealized —

DFSU DIMENSIONAL ETF TRUST 0.3%

Value ($000) $287 Shares 6,600 Est. Cost $37.90 Unrealized —

NVDA NVIDIA CORPORATION 1.2%

Value ($000) $1,305 Shares 6,999 Est. Cost $137.63 Unrealized +35.2%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.3%

Value ($000) $288 Shares 573 Est. Cost $461.73 Unrealized +7.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	1,294	$406	0.4%	$175.67	+63.0%	CAP STK CL C	02079K107
DFUV	DIMENSIONAL ETF TRUST	30,065	$1,401	1.3%	$40.92	—	US MKTWIDE VALUE	25434V724
SCHF	SCHWAB STRATEGIC TR	53,498	$1,286	1.2%	$18.50	—	INTL EQTY ETF	808524805
IVW	ISHARES TR	7,368	$908	0.8%	$101.53	—	S&P 500 GRWT ETF	464287309
IWF	ISHARES TR	3,122	$1,478	1.4%	$401.58	—	RUS 1000 GRW ETF	464287614
AVSD	AMERICAN CENTY ETF TR	5,300	$394	0.4%	$71.55	—	AVANTIS RESPONSI	025072299
VWOB	VANGUARD WHITEHALL FDS	24,119	$1,626	1.5%	$63.40	—	EM MK GOV BD ETF	921946885
GUNR	FLEXSHARES TR	5,015	$230	0.2%	$40.11	—	MORNSTAR UPSTR	33939L407
IWD	ISHARES TR	1,424	$300	0.3%	$185.13	—	RUS 1000 VAL ETF	464287598
AVUV	AMERICAN CENTY ETF TR	2,702	$276	0.3%	$91.10	—	US SML CP VALU	025072877
DFSU	DIMENSIONAL ETF TRUST	6,600	$287	0.3%	$37.90	—	US SUSTAINABILTY	25434V716
NVDA	NVIDIA CORPORATION	6,999	$1,305	1.2%	$137.63	+35.2%	COM	67066G104
BRK/B	BERKSHIRE HATHAWAY INC DEL	573	$288	0.3%	$461.73	+7.8%	CL B NEW	084670702