Mission Hills Financial Advisory, LLC Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SRLN	SSGA ACTIVE ETF TR	13,626	$562	0.3%	$41.27	—	STATE STREET BLA	78467V608
JPIB	J P MORGAN EXCHANGE TRADED F	7,506	$366	0.2%	$48.70	—	INTL BD OPP ETF	46641Q852
DGRO	ISHARES TR	3,129	$217	0.1%	$69.41	—	CORE DIV GRWTH	46434V621
DVY	ISHARES TR	1,490	$210	0.1%	$141.18	—	SELECT DIVID ETF	464287168
REGL	PROSHARES TR	2,472	$208	0.1%	$84.22	—	S&P MDCP 400 DIV	74347B680
VOO	VANGUARD INDEX FDS	323	$203	0.1%	$627.33	—	S&P 500 ETF SHS	922908363
—	FS CREDIT OPPORTUNITIES CORP	13,612	$86	0.0%	$6.30	—	COMMON STOCK	30290Y101

Increased Positions (31)

QYLD GLOBAL X FDS 7.0%

Value ($000) $13,320 (+11.6%) Shares 753,812 (+7.4%) Est. Cost $17.68 Unrealized —

MINT PIMCO ETF TR 8.8%

Value ($000) $16,754 (+7.2%) Shares 166,970 (+7.5%) Est. Cost $100.41 Unrealized —

KBWD INVESCO EXCH TRADED FD TR II 5.8%

Value ($000) $11,051 (+9.5%) Shares 808,721 (+8.5%) Est. Cost $14.62 Unrealized —

QQQ INVESCO QQQ TR 6.6%

Value ($000) $12,491 (+6.7%) Shares 20,333 (+4.2%) Est. Cost $521.00 Unrealized —

SPHY SPDR SERIES TRUST 0.7%

Value ($000) $1,405 (+74.6%) Shares 59,337 (+76.5%) Est. Cost $23.76 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 5.7%

Value ($000) $10,821 (+5.7%) Shares 173,226 (+1.4%) Est. Cost $50.68 Unrealized —

SCHD SCHWAB STRATEGIC TR 5.1%

Value ($000) $9,664 (+6.2%) Shares 352,317 (+5.7%) Est. Cost $28.09 Unrealized —

— PIMCO DYNAMIC INCOME FD 6.4%

Value ($000) $12,087 (-4.1%) Shares 682,476 (+7.2%) Est. Cost $19.40 Unrealized —

BIZD VANECK ETF TRUST 9.1%

Value ($000) $17,190 (+2.5%) Shares 1,212,252 (+8.0%) Est. Cost $16.08 Unrealized —

RWL INVESCO EXCH TRADED FD TR II 4.0%

Value ($000) $7,583 (+5.7%) Shares 66,230 (+2.1%) Est. Cost $101.36 Unrealized —

VYMI VANGUARD WHITEHALL FDS 2.4%

Value ($000) $4,619 (+9.1%) Shares 51,327 (+2.7%) Est. Cost $74.84 Unrealized —

SCHO SCHWAB STRATEGIC TR 0.5%

Value ($000) $997 (+63.1%) Shares 40,929 (+63.3%) Est. Cost $24.38 Unrealized —

— COHEN & STEERS QUALITY INCOM 6.1%

Value ($000) $11,514 (-2.6%) Shares 1,008,247 (+6.4%) Est. Cost $12.86 Unrealized —

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $573 (+49.1%) Shares 840 (+45.6%) Est. Cost $637.98 Unrealized —

FTSL FIRST TR EXCHANGE-TRADED FD 3.3%

Value ($000) $6,165 (+2.1%) Shares 134,381 (+2.0%) Est. Cost $46.27 Unrealized —

XLP SELECT SECTOR SPDR TR 2.0%

Value ($000) $3,839 (+3.1%) Shares 49,419 (+4.0%) Est. Cost $79.58 Unrealized —

— NUVEEN PFD & INCOME OPPORTUN 0.4%

Value ($000) $705 (+17.2%) Shares 86,884 (+18.5%) Est. Cost $8.05 Unrealized —

— BLACKROCK SCIENCE & TECHNOLO 0.5%

Value ($000) $919 (+10.6%) Shares 22,665 (+12.8%) Est. Cost $39.38 Unrealized —

— PIMCO CORPORATE & INCM STRG 8.3%

Value ($000) $15,694 (-0.5%) Shares 1,229,934 (+4.3%) Est. Cost $13.64 Unrealized —

— COHEN & STEERS INFRASTRUCTUR 0.3%

Value ($000) $566 (+15.5%) Shares 23,481 (+18.8%) Est. Cost $26.21 Unrealized —

FLBL FRANKLIN TEMPLETON ETF TR 2.4%

Value ($000) $4,576 (+1.2%) Shares 195,393 (+3.8%) Est. Cost $24.17 Unrealized —

BOTZ GLOBAL X FDS 0.4%

Value ($000) $691 (+8.3%) Shares 19,064 (+5.9%) Est. Cost $33.75 Unrealized —

VXF VANGUARD INDEX FDS 2.0%

Value ($000) $3,859 (+1.3%) Shares 18,454 (+1.4%) Est. Cost $195.99 Unrealized —

REZ ISHARES TR 1.2%

Value ($000) $2,201 (+1.4%) Shares 26,637 (+4.2%) Est. Cost $85.73 Unrealized —

JEPI J P MORGAN EXCHANGE TRADED F 0.2%

Value ($000) $373 (+7.4%) Shares 6,510 (+7.1%) Est. Cost $56.95 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 0.1%

Value ($000) $237 (+8.0%) Shares 11,263 (+7.6%) Est. Cost $20.93 Unrealized —

— REAVES UTIL INCOME FD 0.3%

Value ($000) $618 (+2.1%) Shares 16,886 (+10.6%) Est. Cost $36.81 Unrealized —

PFXF VANECK ETF TRUST 0.1%

Value ($000) $201 (+6.4%) Shares 11,406 (+7.0%) Est. Cost $17.16 Unrealized —

MLPX GLOBAL X FDS 0.2%

Value ($000) $329 (+3.7%) Shares 5,430 (+7.5%) Est. Cost $62.53 Unrealized —

O REALTY INCOME CORP 0.1%

Value ($000) $278 (+4.1%) Shares 4,935 (+12.3%) Est. Cost $56.97 Unrealized +0.7%

XLY SELECT SECTOR SPDR TR 2.8%

Value ($000) $5,302 (-0.0%) Shares 44,404 (+100.7%) Est. Cost $166.52 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QYLD	GLOBAL X FDS	753,812 (+7.4%)	$13,320 (+11.6%)	7.0%	$17.68	—	NASDAQ 100 COVER	37954Y483
MINT	PIMCO ETF TR	166,970 (+7.5%)	$16,754 (+7.2%)	8.8%	$100.41	—	ENHAN SHRT MA AC	72201R833
KBWD	INVESCO EXCH TRADED FD TR II	808,721 (+8.5%)	$11,051 (+9.5%)	5.8%	$14.62	—	KBW HIG DV YLD	46138E610
QQQ	INVESCO QQQ TR	20,333 (+4.2%)	$12,491 (+6.7%)	6.6%	$521.00	—	UNIT SER 1	46090E103
SPHY	SPDR SERIES TRUST	59,337 (+76.5%)	$1,405 (+74.6%)	0.7%	$23.76	—	STATE STREET SPD	78468R606
VEA	VANGUARD TAX-MANAGED FDS	173,226 (+1.4%)	$10,821 (+5.7%)	5.7%	$50.68	—	VAN FTSE DEV MKT	921943858
SCHD	SCHWAB STRATEGIC TR	352,317 (+5.7%)	$9,664 (+6.2%)	5.1%	$28.09	—	US DIVIDEND EQ	808524797
—	PIMCO DYNAMIC INCOME FD	682,476 (+7.2%)	$12,087 (-4.1%)	6.4%	$19.40	—	SHS	72201Y101
BIZD	VANECK ETF TRUST	1,212,252 (+8.0%)	$17,190 (+2.5%)	9.1%	$16.08	—	BDC INCOME ETF	92189F411
RWL	INVESCO EXCH TRADED FD TR II	66,230 (+2.1%)	$7,583 (+5.7%)	4.0%	$101.36	—	S&P 500 REVENUE	46138G698
VYMI	VANGUARD WHITEHALL FDS	51,327 (+2.7%)	$4,619 (+9.1%)	2.4%	$74.84	—	INTL HIGH ETF	921946794
SCHO	SCHWAB STRATEGIC TR	40,929 (+63.3%)	$997 (+63.1%)	0.5%	$24.38	—	SHT TM US TRES	808524862
—	COHEN & STEERS QUALITY INCOM	1,008,247 (+6.4%)	$11,514 (-2.6%)	6.1%	$12.86	—	COM	19247L106
SPY	SPDR S&P 500 ETF TR	840 (+45.6%)	$573 (+49.1%)	0.3%	$637.98	—	TR UNIT	78462F103
FTSL	FIRST TR EXCHANGE-TRADED FD	134,381 (+2.0%)	$6,165 (+2.1%)	3.3%	$46.27	—	SENIOR LN FD	33738D309
XLP	SELECT SECTOR SPDR TR	49,419 (+4.0%)	$3,839 (+3.1%)	2.0%	$79.58	—	STATE STREET CON	81369Y308
—	NUVEEN PFD & INCOME OPPORTUN	86,884 (+18.5%)	$705 (+17.2%)	0.4%	$8.05	—	COM	67073B106
—	BLACKROCK SCIENCE & TECHNOLO	22,665 (+12.8%)	$919 (+10.6%)	0.5%	$39.38	—	SHS	09258G104
—	PIMCO CORPORATE & INCM STRG	1,229,934 (+4.3%)	$15,694 (-0.5%)	8.3%	$13.64	—	COM	72200U100
—	COHEN & STEERS INFRASTRUCTUR	23,481 (+18.8%)	$566 (+15.5%)	0.3%	$26.21	—	COM	19248A109
FLBL	FRANKLIN TEMPLETON ETF TR	195,393 (+3.8%)	$4,576 (+1.2%)	2.4%	$24.17	—	SENIOR LOAN ETF	35473P595
BOTZ	GLOBAL X FDS	19,064 (+5.9%)	$691 (+8.3%)	0.4%	$33.75	—	RBTCS ARTFL INTE	37954Y715
VXF	VANGUARD INDEX FDS	18,454 (+1.4%)	$3,859 (+1.3%)	2.0%	$195.99	—	EXTEND MKT ETF	922908652
REZ	ISHARES TR	26,637 (+4.2%)	$2,201 (+1.4%)	1.2%	$85.73	—	RESIDENTIAL MULT	464288562
JEPI	J P MORGAN EXCHANGE TRADED F	6,510 (+7.1%)	$373 (+7.4%)	0.2%	$56.95	—	EQUITY PREMIUM	46641Q332
BKLN	INVESCO EXCH TRADED FD TR II	11,263 (+7.6%)	$237 (+8.0%)	0.1%	$20.93	—	SR LN ETF	46138G508
—	REAVES UTIL INCOME FD	16,886 (+10.6%)	$618 (+2.1%)	0.3%	$36.81	—	COM SH BEN INT	756158101
PFXF	VANECK ETF TRUST	11,406 (+7.0%)	$201 (+6.4%)	0.1%	$17.16	—	PREFERRED SECURT	92189F429
MLPX	GLOBAL X FDS	5,430 (+7.5%)	$329 (+3.7%)	0.2%	$62.53	—	GLB X MLP ENRG I	37954Y293
O	REALTY INCOME CORP	4,935 (+12.3%)	$278 (+4.1%)	0.1%	$56.97	+0.7%	COM	756109104
XLY	SELECT SECTOR SPDR TR	44,404 (+100.7%)	$5,302 (-0.0%)	2.8%	$166.52	—	STATE STREET CON	81369Y407

Exited Positions (3)

APP APPLOVIN CORP 4.5%

Value ($000) $8,548 Shares 11,897 Est. Cost $344.61 Unrealized +82.8%

NVDA NVIDIA CORPORATION 0.3%

Value ($000) $484 Shares 2,592 Est. Cost $174.29 Unrealized +6.8%

— COHEN & STEERS INFRASTRUCTUR 0.0%

Value ($000) $2 Shares 19,727 Est. Cost $0.08 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APP	APPLOVIN CORP	11,897	$8,548	4.5%	$344.61	+82.8%	—	03831W108
NVDA	NVIDIA CORPORATION	2,592	$484	0.3%	$174.29	+6.8%	—	67066G104
—	COHEN & STEERS INFRASTRUCTUR	19,727	$2	0.0%	$0.08	—	—	19248A117

Decreased Positions (6)

AAPL APPLE INC 0.8%

Value ($000) $1,560 (-11.8%) Shares 5,739 (-17.4%) Est. Cost $214.72 Unrealized +25.0%

PSI INVESCO EXCHANGE TRADED FD T 0.6%

Value ($000) $1,175 (+7.8%) Shares 14,900 (-3.8%) Est. Cost $59.02 Unrealized —

FDN FIRST TR EXCHANGE-TRADED FD 0.3%

Value ($000) $627 (-7.5%) Shares 2,331 (-3.9%) Est. Cost $235.51 Unrealized —

ITA ISHARES TR 0.4%

Value ($000) $753 (-2.3%) Shares 3,506 (-4.7%) Est. Cost $150.26 Unrealized —

GLD SPDR GOLD TR 0.2%

Value ($000) $284 (-2.2%) Shares 717 (-12.2%) Est. Cost $288.14 Unrealized —

PSCH INVESCO EXCH TRADED FD TR II 0.2%

Value ($000) $378 (+0.1%) Shares 8,576 (-5.5%) Est. Cost $47.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	5,739 (-17.4%)	$1,560 (-11.8%)	0.8%	$214.72	+25.0%	COM	037833100
PSI	INVESCO EXCHANGE TRADED FD T	14,900 (-3.8%)	$1,175 (+7.8%)	0.6%	$59.02	—	SEMICONDUCTORS	46137V647
FDN	FIRST TR EXCHANGE-TRADED FD	2,331 (-3.9%)	$627 (-7.5%)	0.3%	$235.51	—	DJ INTERNT IDX	33733E302
ITA	ISHARES TR	3,506 (-4.7%)	$753 (-2.3%)	0.4%	$150.26	—	US AER DEF ETF	464288760
GLD	SPDR GOLD TR	717 (-12.2%)	$284 (-2.2%)	0.2%	$288.14	—	GOLD SHS	78463V107
PSCH	INVESCO EXCH TRADED FD TR II	8,576 (-5.5%)	$378 (+0.1%)	0.2%	$47.12	—	S&P SMLCP HELT	46138E149

Unchanged Positions (9)

XBI SPDR SERIES TRUST 2.3%

Value ($000) $4,377 Shares 35,902 Est. Cost $101.39 Unrealized —

GOOGL ALPHABET INC 0.1%

Value ($000) $275 Shares 878 Est. Cost $209.20 Unrealized +36.5%

BAC BANK AMERICA CORP 0.1%

Value ($000) $215 Shares 3,903 Est. Cost $48.34 Unrealized +8.9%

EFV ISHARES TR 0.1%

Value ($000) $258 Shares 3,612 Est. Cost $58.94 Unrealized —

AMZN AMAZON COM INC 0.1%

Value ($000) $255 Shares 1,104 Est. Cost $204.82 Unrealized +11.7%

BDX BECTON DICKINSON & CO 0.1%

Value ($000) $213 Shares 1,095 Est. Cost $184.06 Unrealized +3.0%

SCHB SCHWAB STRATEGIC TR 0.1%

Value ($000) $208 Shares 7,913 Est. Cost $25.71 Unrealized —

— WESTERN ASSET EMERGING MKTS 0.1%

Value ($000) $120 Shares 11,270 Est. Cost $9.62 Unrealized —

RDIV INVESCO EXCH TRADED FD TR II 0.1%

Value ($000) $218 Shares 4,181 Est. Cost $52.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XBI	SPDR SERIES TRUST	35,902	$4,377	2.3%	$101.39	—	STATE STREET SPD	78464A870
GOOGL	ALPHABET INC	878	$275	0.1%	$209.20	+36.5%	CAP STK CL A	02079K305
BAC	BANK AMERICA CORP	3,903	$215	0.1%	$48.34	+8.9%	COM	060505104
EFV	ISHARES TR	3,612	$258	0.1%	$58.94	—	EAFE VALUE ETF	464288877
AMZN	AMAZON COM INC	1,104	$255	0.1%	$204.82	+11.7%	COM	023135106
BDX	BECTON DICKINSON & CO	1,095	$213	0.1%	$184.06	+3.0%	COM	075887109
SCHB	SCHWAB STRATEGIC TR	7,913	$208	0.1%	$25.71	—	US BRD MKT ETF	808524102
—	WESTERN ASSET EMERGING MKTS	11,270	$120	0.1%	$9.62	—	COM	95766A101
RDIV	INVESCO EXCH TRADED FD TR II	4,181	$218	0.1%	$52.12	—	S&P ULTRA DIVIDE	46138G656