Penney Financial, LLC Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SGOV	ISHARES TR	183,697 (+55.9%)	$18,440 (+55.4%)	7.1%	$100.58	—	0-3 MNTH TREASRY	46436E718
GSLC	GOLDMAN SACHS ETF TR	472,644 (+8.4%)	$62,564 (+10.2%)	24.1%	$100.18	—	ACTIVEBETA US LG	381430503
FLMI	FRANKLIN TEMPLETON ETF TR	260,442 (+240.3%)	$6,477 (+241.7%)	2.5%	$24.84	—	FRANKLIN DYN MUN	35473P868
CGMU	CAPITAL GRP FIXED INCM ETF T	164,085 (+179.2%)	$4,493 (+180.1%)	1.7%	$27.35	—	MUNICIPAL INCOME	14020Y201
DFNM	DIMENSIONAL ETF TRUST	88,305 (+178.2%)	$4,254 (+179.3%)	1.6%	$48.10	—	NATL MUN BD ETF	25434V849
VTI	VANGUARD INDEX FDS	124,072 (+4.7%)	$41,598 (+7.0%)	16.1%	$248.64	—	TOTAL STK MKT	922908769
VEA	VANGUARD TAX-MANAGED FDS	341,986 (+8.6%)	$21,364 (+13.3%)	8.2%	$49.79	—	VAN FTSE DEV MKT	921943858
IEFA	ISHARES TR	131,595 (+11.1%)	$11,772 (+13.8%)	4.5%	$75.60	—	CORE MSCI EAFE	46432F842
JPIE	J P MORGAN EXCHANGE TRADED F	201,316 (+12.4%)	$9,319 (+12.1%)	3.6%	$46.32	—	INCOME ETF	46641Q159
EVTR	MORGAN STANLEY ETF TRUST	134,473 (+14.0%)	$6,925 (+14.1%)	2.7%	$50.96	—	EATON VANCE TOTA	61774R841
VCRB	VANGUARD MALVERN FDS	88,421 (+14.3%)	$6,888 (+13.6%)	2.7%	$77.65	—	CORE BD ETF	922020748
VTEB	VANGUARD MUN BD FDS	73,132 (+26.4%)	$3,678 (+27.0%)	1.4%	$50.10	—	TAX EXEMPT BD	922907746
VYM	VANGUARD WHITEHALL FDS	60,808 (+6.8%)	$8,727 (+8.8%)	3.4%	$114.92	—	HIGH DIV YLD	921946406
VOO	VANGUARD INDEX FDS	2,070 (+64.7%)	$1,298 (+68.6%)	0.5%	$580.36	—	S&P 500 ETF SHS	922908363
VB	VANGUARD INDEX FDS	24,650 (+6.7%)	$6,358 (+8.3%)	2.5%	$217.44	—	SMALL CP ETF	922908751
JEPI	J P MORGAN EXCHANGE TRADED F	97,787 (+8.1%)	$5,597 (+8.4%)	2.2%	$55.41	—	EQUITY PREMIUM	46641Q332
VXUS	VANGUARD STAR FDS	41,273 (+9.6%)	$3,114 (+12.6%)	1.2%	$59.61	—	VG TL INTL STK F	921909768
AAPL	APPLE INC	8,887 (+5.2%)	$2,416 (+12.3%)	0.9%	$190.14	+41.1%	COM	037833100
HELO	J P MORGAN EXCHANGE TRADED F	63,799 (+4.3%)	$4,238 (+6.6%)	1.6%	$57.13	—	HEDGED EQUITY LA	46654Q724
AGG	ISHARES TR	44,448 (+6.6%)	$4,439 (+6.2%)	1.7%	$99.26	—	CORE US AGGBD ET	464287226
SUB	ISHARES TR	24,606 (+4.3%)	$2,625 (+4.3%)	1.0%	$105.41	—	SHRT NAT MUN ETF	464288158
XOM	EXXON MOBIL CORP	2,187 (+7.9%)	$263 (+15.2%)	0.1%	$110.13	+4.9%	COM	30231G102

Exited Positions (2)

SHYM BLACKROCK ETF TRUST II 0.2%

Value ($000) $610 Shares 27,300 Est. Cost $22.31 Unrealized —

XLK SELECT SECTOR SPDR TR 0.1%

Value ($000) $203 Shares 720 Est. Cost $281.86 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHYM	BLACKROCK ETF TRUST II	27,300	$610	0.2%	$22.31	—	—	092528108
XLK	SELECT SECTOR SPDR TR	720	$203	0.1%	$281.86	—	—	81369Y803

Decreased Positions (2)

IJH ISHARES TR 0.1%

Value ($000) $236 (-13.4%) Shares 3,575 (-14.4%) Est. Cost $104.72 Unrealized —

AMZN AMAZON COM INC 0.3%

Value ($000) $713 (-0.5%) Shares 3,087 (-5.3%) Est. Cost $157.74 Unrealized +45.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IJH	ISHARES TR	3,575 (-14.4%)	$236 (-13.4%)	0.1%	$104.72	—	CORE S&P MCP ETF	464287507
AMZN	AMAZON COM INC	3,087 (-5.3%)	$713 (-0.5%)	0.3%	$157.74	+45.0%	COM	023135106

Unchanged Positions (23)

LNG CHENIERE ENERGY INC 0.2%

Value ($000) $530 Shares 2,725 Est. Cost $203.03 Unrealized +3.4%

LLY ELI LILLY & CO 0.1%

Value ($000) $320 Shares 298 Est. Cost $742.24 Unrealized +28.7%

NSP INSPERITY INC 0.1%

Value ($000) $270 Shares 6,976 Est. Cost $100.47 Unrealized -60.8%

SCHB SCHWAB STRATEGIC TR 1.1%

Value ($000) $2,905 Shares 110,748 Est. Cost $25.59 Unrealized —

MSFT MICROSOFT CORP 0.4%

Value ($000) $914 Shares 1,890 Est. Cost $368.90 Unrealized +35.7%

FDX FEDEX CORP 0.1%

Value ($000) $332 Shares 1,151 Est. Cost $242.32 Unrealized +7.9%

SCHD SCHWAB STRATEGIC TR 3.2%

Value ($000) $8,412 Shares 306,674 Est. Cost $41.99 Unrealized —

META META PLATFORMS INC 0.1%

Value ($000) $253 Shares 384 Est. Cost $743.23 Unrealized -10.2%

IVV ISHARES TR 0.4%

Value ($000) $941 Shares 1,374 Est. Cost $487.28 Unrealized —

IWB ISHARES TR 0.3%

Value ($000) $889 Shares 2,380 Est. Cost $262.26 Unrealized —

AVGO BROADCOM INC 0.1%

Value ($000) $346 Shares 1,000 Est. Cost $215.92 Unrealized +65.3%

CVX CHEVRON CORP NEW 0.3%

Value ($000) $839 Shares 5,508 Est. Cost $138.25 Unrealized +9.5%

GVA GRANITE CONSTR INC 0.1%

Value ($000) $305 Shares 2,647 Est. Cost $43.61 Unrealized +146.4%

ITOT ISHARES TR 0.2%

Value ($000) $518 Shares 3,481 Est. Cost $145.65 Unrealized —

EQNR EQUINOR ASA 0.1%

Value ($000) $314 Shares 13,297 Est. Cost $27.03 Unrealized —

IWM ISHARES TR 0.2%

Value ($000) $542 Shares 2,203 Est. Cost $200.71 Unrealized —

CWI SPDR INDEX SHS FDS 0.1%

Value ($000) $235 Shares 6,540 Est. Cost $32.66 Unrealized —

V VISA INC 0.1%

Value ($000) $226 Shares 645 Est. Cost $298.33 Unrealized +14.1%

SCHX SCHWAB STRATEGIC TR 0.1%

Value ($000) $264 Shares 9,816 Est. Cost $36.14 Unrealized —

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $212 Shares 658 Est. Cost $252.67 Unrealized +22.5%

VUG VANGUARD INDEX FDS 0.1%

Value ($000) $253 Shares 519 Est. Cost $479.61 Unrealized —

JQUA J P MORGAN EXCHANGE TRADED F 0.3%

Value ($000) $755 Shares 11,943 Est. Cost $47.86 Unrealized —

BSV VANGUARD BD INDEX FDS 0.1%

Value ($000) $305 Shares 3,866 Est. Cost $76.88 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LNG	CHENIERE ENERGY INC	2,725	$530	0.2%	$203.03	+3.4%	COM NEW	16411R208
LLY	ELI LILLY & CO	298	$320	0.1%	$742.24	+28.7%	COM	532457108
NSP	INSPERITY INC	6,976	$270	0.1%	$100.47	-60.8%	COM	45778Q107
SCHB	SCHWAB STRATEGIC TR	110,748	$2,905	1.1%	$25.59	—	US BRD MKT ETF	808524102
MSFT	MICROSOFT CORP	1,890	$914	0.4%	$368.90	+35.7%	COM	594918104
FDX	FEDEX CORP	1,151	$332	0.1%	$242.32	+7.9%	COM	31428X106
SCHD	SCHWAB STRATEGIC TR	306,674	$8,412	3.2%	$41.99	—	US DIVIDEND EQ	808524797
META	META PLATFORMS INC	384	$253	0.1%	$743.23	-10.2%	CL A	30303M102
IVV	ISHARES TR	1,374	$941	0.4%	$487.28	—	CORE S&P500 ETF	464287200
IWB	ISHARES TR	2,380	$889	0.3%	$262.26	—	RUS 1000 ETF	464287622
AVGO	BROADCOM INC	1,000	$346	0.1%	$215.92	+65.3%	COM	11135F101
CVX	CHEVRON CORP NEW	5,508	$839	0.3%	$138.25	+9.5%	COM	166764100
GVA	GRANITE CONSTR INC	2,647	$305	0.1%	$43.61	+146.4%	COM	387328107
ITOT	ISHARES TR	3,481	$518	0.2%	$145.65	—	CORE S&P TTL STK	464287150
EQNR	EQUINOR ASA	13,297	$314	0.1%	$27.03	—	SPONSORED ADR	29446M102
IWM	ISHARES TR	2,203	$542	0.2%	$200.71	—	RUSSELL 2000 ETF	464287655
CWI	SPDR INDEX SHS FDS	6,540	$235	0.1%	$32.66	—	MSCI ACWI EXUS	78463X848
V	VISA INC	645	$226	0.1%	$298.33	+14.1%	COM CL A	92826C839
SCHX	SCHWAB STRATEGIC TR	9,816	$264	0.1%	$36.14	—	US LRG CAP ETF	808524201
JPM	JPMORGAN CHASE & CO.	658	$212	0.1%	$252.67	+22.5%	COM	46625H100
VUG	VANGUARD INDEX FDS	519	$253	0.1%	$479.61	—	GROWTH ETF	922908736
JQUA	J P MORGAN EXCHANGE TRADED F	11,943	$755	0.3%	$47.86	—	US QUALTY FCTR	46641Q761
BSV	VANGUARD BD INDEX FDS	3,866	$305	0.1%	$76.88	—	SHORT TRM BOND	921937827