K2 Financial Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCHX	SCHWAB STRATEGIC TR	380,612 (+2.2%)	$10,372 (+6.0%)	8.0%	$22.92	—	US LRG CAP ETF	808524201
SCHA	SCHWAB STRATEGIC TR	171,073 (+3.8%)	$5,105 (+11.5%)	3.9%	$25.11	—	US SML CAP ETF	808524607
VTIP	VANGUARD MALVERN FDS	69,617 (+14.2%)	$3,446 (+12.8%)	2.7%	$48.68	—	STRM INFPROIDX	922020805
SCHZ	SCHWAB STRATEGIC TR	78,358 (+27.6%)	$1,833 (+26.8%)	1.4%	$22.85	—	US AGGREGATE B	808524839
USIG	ISHARES TR	60,372 (+13.9%)	$3,127 (+12.9%)	2.4%	$50.33	—	USD INV GRDE ETF	464288620
SCHM	SCHWAB STRATEGIC TR	45,465 (+17.8%)	$1,427 (+25.5%)	1.1%	$28.44	—	US MID-CAP ETF	808524508
MUB	ISHARES TR	49,331 (+3.9%)	$5,305 (+4.5%)	4.1%	$105.60	—	NATIONAL MUN ETF	464288414
IDEV	ISHARES TR	21,391 (+3.8%)	$1,800 (+9.5%)	1.4%	$69.04	—	CORE MSCI INTL	46435G326
SPEU	SPDR INDEX SHS FDS	18,434 (+9.6%)	$978 (+16.6%)	0.8%	$42.33	—	PORTFLO EURP ETF	78463X103
SCHV	SCHWAB STRATEGIC TR	56,962 (+3.0%)	$1,730 (+8.7%)	1.3%	$26.72	—	US LCAP VA ETF	808524409
BND	VANGUARD BD INDEX FDS	101,248 (+2.4%)	$7,506 (+1.7%)	5.8%	$72.31	—	TOTAL BND MRKT	921937835
SCHC	SCHWAB STRATEGIC TR	17,147 (+10.6%)	$801 (+14.3%)	0.6%	$36.40	—	INTL SCEQT ETF	808524888
DXJ	WISDOMTREE TR	3,612 (+4.5%)	$536 (+20.2%)	0.4%	$111.65	—	JAPN HEDGE EQT	97717W851
SPHY	SPDR SERIES TRUST	134,568 (+2.3%)	$3,197 (+2.6%)	2.5%	$23.44	—	STATE STREET SPD	78468R606
SCHG	SCHWAB STRATEGIC TR	61,924 (+1.5%)	$2,024 (+3.6%)	1.6%	$27.95	—	US LCAP GR ETF	808524300
EMLC	VANECK ETF TRUST	66,901 (+1.9%)	$1,731 (+4.1%)	1.3%	$23.26	—	JP MRGAN EM LOC	92189H300
DUHP	DIMENSIONAL ETF TRUST	46,356 (+1.4%)	$1,779 (+3.5%)	1.4%	$33.84	—	US HIGH PROFITAB	25434V831
VBR	VANGUARD INDEX FDS	2,813 (+2.6%)	$621 (+10.5%)	0.5%	$198.38	—	SM CP VAL ETF	922908611
SPEM	SPDR INDEX SHS FDS	12,414 (+7.5%)	$597 (+10.6%)	0.5%	$38.91	—	PORTFOLIO EMG MK	78463X509
GMF	SPDR INDEX SHS FDS	3,364 (+10.7%)	$479 (+13.3%)	0.4%	$117.05	—	ASIA PACIF ETF	78463X301
VBK	VANGUARD INDEX FDS	1,730 (+2.5%)	$548 (+7.6%)	0.4%	$283.88	—	SML CP GRW ETF	922908595
MBB	ISHARES TR	16,795 (+2.1%)	$1,599 (+1.9%)	1.2%	$91.60	—	MBS ETF	464288588
BKLN	INVESCO EXCH TRADED FD TR II	26,358 (+4.2%)	$555 (+5.2%)	0.4%	$21.06	—	SR LN ETF	46138G508
BNDX	VANGUARD CHARLOTTE FDS	91,803 (+2.8%)	$4,455 (+0.5%)	3.4%	$48.67	—	TOTAL INT BD ETF	92203J407
HYD	VANECK ETF TRUST	19,430 (+1.1%)	$995 (+1.9%)	0.8%	$51.27	—	HIGH YLD MUNIETF	92189H409
SCHP	SCHWAB STRATEGIC TR	111,492 (+2.1%)	$2,958 (+0.2%)	2.3%	$25.86	—	US TIPS ETF	808524870

Decreased Positions (18)

VEA VANGUARD TAX-MANAGED FDS 9.7%

Value ($000) $12,517 (+5.7%) Shares 195,762 (-1.2%) Est. Cost $47.66 Unrealized —

GLDM WORLD GOLD TR 0.4%

Value ($000) $481 (-50.0%) Shares 5,430 (-54.1%) Est. Cost $72.37 Unrealized —

SEIV SEI EXCHANGE TRADED FUNDS 3.8%

Value ($000) $4,896 (+6.8%) Shares 116,178 (-3.1%) Est. Cost $33.77 Unrealized —

SEIM SEI EXCHANGE TRADED FUNDS 3.7%

Value ($000) $4,835 (+3.3%) Shares 103,099 (-1.2%) Est. Cost $39.33 Unrealized —

SCHO SCHWAB STRATEGIC TR 1.0%

Value ($000) $1,284 (-7.2%) Shares 52,679 (-7.1%) Est. Cost $24.15 Unrealized —

VTEB VANGUARD MUN BD FDS 4.0%

Value ($000) $5,161 (-0.8%) Shares 102,185 (-1.2%) Est. Cost $49.37 Unrealized —

ACWV ISHARES INC 1.8%

Value ($000) $2,271 (-1.6%) Shares 19,019 (-1.9%) Est. Cost $108.12 Unrealized —

JPST J P MORGAN EXCHANGE TRADED F 0.2%

Value ($000) $224 (-11.0%) Shares 4,414 (-11.0%) Est. Cost $50.43 Unrealized —

DFIV DIMENSIONAL ETF TRUST 0.4%

Value ($000) $529 (+4.1%) Shares 10,474 (-6.4%) Est. Cost $35.42 Unrealized —

VUG VANGUARD INDEX FDS 2.0%

Value ($000) $2,618 (-0.6%) Shares 5,364 (-2.4%) Est. Cost $405.52 Unrealized —

SPDW SPDR INDEX SHS FDS 0.2%

Value ($000) $292 (+5.3%) Shares 6,425 (-1.1%) Est. Cost $34.11 Unrealized —

HYMB SPDR SERIES TRUST 0.7%

Value ($000) $883 (-1.6%) Shares 35,232 (-1.7%) Est. Cost $25.17 Unrealized —

CLIP GLOBAL X FDS 0.5%

Value ($000) $607 (-2.0%) Shares 6,062 (-1.9%) Est. Cost $100.21 Unrealized —

SELV SEI EXCHANGE TRADED FUNDS 0.6%

Value ($000) $720 (+1.5%) Shares 22,144 (-2.3%) Est. Cost $28.83 Unrealized —

DFUS DIMENSIONAL ETF TRUST 1.3%

Value ($000) $1,619 (-0.6%) Shares 21,547 (-4.6%) Est. Cost $63.17 Unrealized —

CVX CHEVRON CORP NEW 0.3%

Value ($000) $425 (+2.5%) Shares 2,669 (-2.2%) Est. Cost $145.50 Unrealized +4.1%

DFAS DIMENSIONAL ETF TRUST 0.4%

Value ($000) $473 (+2.1%) Shares 6,488 (-5.5%) Est. Cost $64.12 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 3.7%

Value ($000) $4,726 (-0.1%) Shares 85,446 (-2.4%) Est. Cost $42.58 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VEA	VANGUARD TAX-MANAGED FDS	195,762 (-1.2%)	$12,517 (+5.7%)	9.7%	$47.66	—	VAN FTSE DEV MKT	921943858
GLDM	WORLD GOLD TR	5,430 (-54.1%)	$481 (-50.0%)	0.4%	$72.37	—	SPDR GLD MINIS	98149E303
SEIV	SEI EXCHANGE TRADED FUNDS	116,178 (-3.1%)	$4,896 (+6.8%)	3.8%	$33.77	—	ENHANCED US LRG	81589A304
SEIM	SEI EXCHANGE TRADED FUNDS	103,099 (-1.2%)	$4,835 (+3.3%)	3.7%	$39.33	—	ENHANCED US LRG	81589A205
SCHO	SCHWAB STRATEGIC TR	52,679 (-7.1%)	$1,284 (-7.2%)	1.0%	$24.15	—	SHT TM US TRES	808524862
VTEB	VANGUARD MUN BD FDS	102,185 (-1.2%)	$5,161 (-0.8%)	4.0%	$49.37	—	TAX EXEMPT BD	922907746
ACWV	ISHARES INC	19,019 (-1.9%)	$2,271 (-1.6%)	1.8%	$108.12	—	MSCI GBL MIN VOL	464286525
JPST	J P MORGAN EXCHANGE TRADED F	4,414 (-11.0%)	$224 (-11.0%)	0.2%	$50.43	—	ULTRA SHRT ETF	46641Q837
DFIV	DIMENSIONAL ETF TRUST	10,474 (-6.4%)	$529 (+4.1%)	0.4%	$35.42	—	INTERNATNAL VAL	25434V807
VUG	VANGUARD INDEX FDS	5,364 (-2.4%)	$2,618 (-0.6%)	2.0%	$405.52	—	GROWTH ETF	922908736
SPDW	SPDR INDEX SHS FDS	6,425 (-1.1%)	$292 (+5.3%)	0.2%	$34.11	—	PORTFOLIO DEVLPD	78463X889
HYMB	SPDR SERIES TRUST	35,232 (-1.7%)	$883 (-1.6%)	0.7%	$25.17	—	STATE STREET SPD	78464A284
CLIP	GLOBAL X FDS	6,062 (-1.9%)	$607 (-2.0%)	0.5%	$100.21	—	1-3 MONTH T-BILL	37960A438
SELV	SEI EXCHANGE TRADED FUNDS	22,144 (-2.3%)	$720 (+1.5%)	0.6%	$28.83	—	ENHANCED LOW VOL	81589A403
DFUS	DIMENSIONAL ETF TRUST	21,547 (-4.6%)	$1,619 (-0.6%)	1.3%	$63.17	—	US EQUITY MARKET	25434V401
CVX	CHEVRON CORP NEW	2,669 (-2.2%)	$425 (+2.5%)	0.3%	$145.50	+4.1%	COM	166764100
DFAS	DIMENSIONAL ETF TRUST	6,488 (-5.5%)	$473 (+2.1%)	0.4%	$64.12	—	US SMALL CAP ETF	25434V500
VWO	VANGUARD INTL EQUITY INDEX F	85,446 (-2.4%)	$4,726 (-0.1%)	3.7%	$42.58	—	FTSE EMR MKT ETF	922042858

Unchanged Positions (14)

VTV VANGUARD INDEX FDS 2.1%

Value ($000) $2,708 Shares 13,846 Est. Cost $169.51 Unrealized —

BCI ABRDN ETFS 1.3%

Value ($000) $1,626 Shares 81,440 Est. Cost $20.64 Unrealized —

IEMG ISHARES INC 1.3%

Value ($000) $1,703 Shares 24,410 Est. Cost $52.59 Unrealized —

SEIQ SEI EXCHANGE TRADED FUNDS 1.8%

Value ($000) $2,331 Shares 59,670 Est. Cost $34.98 Unrealized —

IEFA ISHARES TR 0.9%

Value ($000) $1,130 Shares 12,375 Est. Cost $69.57 Unrealized —

MCD MCDONALDS CORP 0.9%

Value ($000) $1,159 Shares 3,753 Est. Cost $290.22 Unrealized +5.1%

NOC NORTHROP GRUMMAN CORP 0.4%

Value ($000) $564 Shares 955 Est. Cost $492.97 Unrealized +17.4%

DFAI DIMENSIONAL ETF TRUST 0.3%

Value ($000) $348 Shares 8,950 Est. Cost $29.03 Unrealized —

VWOB VANGUARD WHITEHALL FDS 1.4%

Value ($000) $1,846 Shares 27,433 Est. Cost $63.09 Unrealized —

EFAV ISHARES TR 0.3%

Value ($000) $435 Shares 4,991 Est. Cost $71.23 Unrealized —

SUB ISHARES TR 3.0%

Value ($000) $3,903 Shares 36,525 Est. Cost $105.32 Unrealized —

USMV ISHARES TR 0.9%

Value ($000) $1,129 Shares 11,940 Est. Cost $88.17 Unrealized —

SHM SPDR SERIES TRUST 0.2%

Value ($000) $200 Shares 4,156 Est. Cost $47.91 Unrealized —

EBND SPDR SERIES TRUST 0.2%

Value ($000) $239 Shares 11,132 Est. Cost $19.47 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTV	VANGUARD INDEX FDS	13,846	$2,708	2.1%	$169.51	—	VALUE ETF	922908744
BCI	ABRDN ETFS	81,440	$1,626	1.3%	$20.64	—	BBRG ALL COMD K1	003261104
IEMG	ISHARES INC	24,410	$1,703	1.3%	$52.59	—	CORE MSCI EMKT	46434G103
SEIQ	SEI EXCHANGE TRADED FUNDS	59,670	$2,331	1.8%	$34.98	—	ENHANCED US LRG	81589A106
IEFA	ISHARES TR	12,375	$1,130	0.9%	$69.57	—	CORE MSCI EAFE	46432F842
MCD	MCDONALDS CORP	3,753	$1,159	0.9%	$290.22	+5.1%	COM	580135101
NOC	NORTHROP GRUMMAN CORP	955	$564	0.4%	$492.97	+17.4%	COM	666807102
DFAI	DIMENSIONAL ETF TRUST	8,950	$348	0.3%	$29.03	—	INTL CORE EQT MK	25434V203
VWOB	VANGUARD WHITEHALL FDS	27,433	$1,846	1.4%	$63.09	—	EM MK GOV BD ETF	921946885
EFAV	ISHARES TR	4,991	$435	0.3%	$71.23	—	MSCI EAFE MIN VL	46429B689
SUB	ISHARES TR	36,525	$3,903	3.0%	$105.32	—	SHRT NAT MUN ETF	464288158
USMV	ISHARES TR	11,940	$1,129	0.9%	$88.17	—	MSCI USA MIN VOL	46429B697
SHM	SPDR SERIES TRUST	4,156	$200	0.2%	$47.91	—	STATE STREET SPD	78468R739
EBND	SPDR SERIES TRUST	11,132	$239	0.2%	$19.47	—	BLOOMBERG EMERGI	78464A391