Vestwell Advisors, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FSPSX	Fidelity	1,450,576	$88,195	13.0%	$60.80	—	Fidelity International Index	315911727
FXNAX	Fidelity	6,426,357	$67,862	10.0%	$10.56	—	Fidelity U.S. Bond Index	316146356
—	Lincoln	38,757,598	$53,897	8.0%	$1.39	—	Lincoln Stable Value Account -Z953X	53422Q259
FPADX	Fidelity	3,035,396	$41,524	6.1%	$13.68	—	Fidelity Emerging Markets Idx	316146331
IJH	iShares Tr	398,371	$26,293	3.9%	$66.00	—	iShares Core S&P Mid-Cap ETF	464287507
PEQSX	Putnam	609,615	$23,940	3.5%	$39.27	—	Putnam Large Cap Value R6	746745801
PTREX	Putnam	2,571,579	$21,370	3.2%	$8.31	—	Putnam Core Bond Fund R6	74676A402
FSKAX	Fidelity	82,684	$15,449	2.3%	$186.84	—	Fidelity Total Market Index	315911693
—	Lincoln	4,853,818	$6,750	1.0%	$1.39	—	Lincoln Stable Value Account -Z954X	53422Q267
VWEAX	Vanguard	931,950	$5,191	0.8%	$5.57	—	Vanguard High-Yield Corporate Adm	922031760
SWRSX	Schwab Strategic Tr	495,011	$5,109	0.8%	$10.32	—	Schwab Treasury Infl Protected Secs Idx	808517817
FSRNX	Fidelity	249,559	$4,030	0.6%	$16.15	—	Fidelity Real Estate Index	316146232
SWTSX	Schwab Strategic Tr	213,611	$3,501	0.5%	$16.39	—	Schwab Total Stock Market Index	808509756
VBIAX	Vanguard	41,033	$2,126	0.3%	$51.81	—	Vanguard Balanced Index Adm	921931200
FNBGX	Fidelity	73,867	$686	0.1%	$9.29	—	Fidelity Long-Term Trs Bd Index	31635V232
—	Schwab Strategic Tr	507,665	$508	0.1%	$1.00	—	Schwab PCRA Self-Directed Account	99SCPCRA1
SWAGX	Schwab Strategic Tr	54,396	$491	0.1%	$9.03	—	Schwab US Aggregate Bond Index	808517718
VEGBX	Vanguard	14,540	$362	0.1%	$24.92	—	Vanguard Emerging Markets Bond Admiral	922020813

Increased Positions (8)

IVV iShares Tr 29.8%

Value ($000) $201,656 (+206.3%) Shares 294,414 (+199.3%) Est. Cost $668.81 Unrealized —

VWO Vanguard Intl Equity Index F 0.5%

Value ($000) $3,222 (-81.8%) Shares 59,926 (+83.9%) Est. Cost $51.42 Unrealized —

IJR iShares Tr 1.7%

Value ($000) $11,215 (+71.0%) Shares 93,316 (+69.1%) Est. Cost $113.74 Unrealized —

SCHG Schwab Strategic Tr 6.0%

Value ($000) $40,706 (+9.2%) Shares 1,247,892 (+6.8%) Est. Cost $29.43 Unrealized —

IAGG iShares Tr 1.2%

Value ($000) $7,930 (+15.2%) Shares 158,559 (+18.0%) Est. Cost $50.97 Unrealized —

VBR Vanguard Index FDS 0.3%

Value ($000) $1,743 (+15.7%) Shares 8,230 (+14.0%) Est. Cost $197.97 Unrealized —

VBK Vanguard Index FDS 0.3%

Value ($000) $2,148 (+6.2%) Shares 7,110 (+4.7%) Est. Cost $280.14 Unrealized —

USHY iShares Tr 0.2%

Value ($000) $1,193 (+1.6%) Shares 31,900 (+2.7%) Est. Cost $37.55 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IVV	iShares Tr	294,414 (+199.3%)	$201,656 (+206.3%)	29.8%	$668.81	—	iShares Core S&P 500 ETF	464287200
VWO	Vanguard Intl Equity Index F	59,926 (+83.9%)	$3,222 (-81.8%)	0.5%	$51.42	—	Vanguard FTSE Emerging Markets ETF	922042858
IJR	iShares Tr	93,316 (+69.1%)	$11,215 (+71.0%)	1.7%	$113.74	—	iShares Core S&P Small-Cap ETF	464287804
SCHG	Schwab Strategic Tr	1,247,892 (+6.8%)	$40,706 (+9.2%)	6.0%	$29.43	—	Schwab US Large-Cap Growth ETF	808524300
IAGG	iShares Tr	158,559 (+18.0%)	$7,930 (+15.2%)	1.2%	$50.97	—	iShares Core International Aggt Bd ETF	46435G672
VBR	Vanguard Index FDS	8,230 (+14.0%)	$1,743 (+15.7%)	0.3%	$197.97	—	Vanguard Small-Cap Value ETF	922908611
VBK	Vanguard Index FDS	7,110 (+4.7%)	$2,148 (+6.2%)	0.3%	$280.14	—	Vanguard Small-Cap Growth ETF	922908595
USHY	iShares Tr	31,900 (+2.7%)	$1,193 (+1.6%)	0.2%	$37.55	—	iShares Broad USD High Yield Corp Bd ETF	46435U853

Exited Positions (31)

VO Vanguard Index FDS 1.5%

Value ($000) $9,954 Shares 33,886 Est. Cost $279.83 Unrealized —

SCHH Schwab Strategic Tr 0.5%

Value ($000) $3,450 Shares 159,934 Est. Cost $21.16 Unrealized —

SCHE Schwab Strategic Tr 0.1%

Value ($000) $797 Shares 2,389 Est. Cost $297.00 Unrealized —

VTIP Vanguard Malvern FDS 0.1%

Value ($000) $720 Shares 14,215 Est. Cost $50.36 Unrealized —

ITOT iShares Tr 0.1%

Value ($000) $591 Shares 4,059 Est. Cost $135.03 Unrealized —

SCHO Schwab Strategic Tr 0.1%

Value ($000) $556 Shares 22,792 Est. Cost $24.38 Unrealized —

VGSH Vanguard Scottsdale FDS 0.1%

Value ($000) $541 Shares 9,189 Est. Cost $58.78 Unrealized —

SHV iShares Tr 0.1%

Value ($000) $532 Shares 4,817 Est. Cost $110.42 Unrealized —

DFAS Dimensional Fund Advisors 0.1%

Value ($000) $483 Shares 705 Est. Cost $684.41 Unrealized —

VTI Vanguard 0.1%

Value ($000) $463 Shares 1,411 Est. Cost $328.21 Unrealized —

VGT Vanguard World FD 0.1%

Value ($000) $342 Shares 458 Est. Cost $662.93 Unrealized —

SCHZ Schwab Strategic Tr 0.0%

Value ($000) $125 Shares 5,344 Est. Cost $23.28 Unrealized —

AVUV Avantis Investors 0.0%

Value ($000) $116 Shares 1,169 Est. Cost $99.47 Unrealized —

TIP iShares Tr 0.0%

Value ($000) $111 Shares 998 Est. Cost $110.55 Unrealized —

QUAL iShares TR 0.0%

Value ($000) $80 Shares 414 Est. Cost $182.80 Unrealized —

IWR iShares TR 0.0%

Value ($000) $68 Shares 709 Est. Cost $96.51 Unrealized —

AVDV Avantis Investors 0.0%

Value ($000) $66 Shares 742 Est. Cost $88.99 Unrealized —

IWY iShares 0.0%

Value ($000) $51 Shares 185 Est. Cost $273.95 Unrealized —

IYW iShares 0.0%

Value ($000) $51 Shares 258 Est. Cost $196.14 Unrealized —

QQQM Invesco 0.0%

Value ($000) $51 Shares 205 Est. Cost $246.60 Unrealized —

VOO Vanguard 0.0%

Value ($000) $51 Shares 83 Est. Cost $608.94 Unrealized —

IXUS iShares 0.0%

Value ($000) $29 Shares 35 Est. Cost $817.49 Unrealized —

ANGL VanEck ETF Trust 0.0%

Value ($000) $28 Shares 945 Est. Cost $29.36 Unrealized —

GLD SPDR 0.0%

Value ($000) $27 Shares 76 Est. Cost $353.18 Unrealized —

XLK SPDR 0.0%

Value ($000) $19 Shares 66 Est. Cost $282.67 Unrealized —

XLC SPDR 0.0%

Value ($000) $19 Shares 156 Est. Cost $118.76 Unrealized —

VSS Vanguard Intl Equity Index F 0.0%

Value ($000) $17 Shares 122 Est. Cost $134.97 Unrealized —

VEA Vanguard 0.0%

Value ($000) $15 Shares 2,468 Est. Cost $5.99 Unrealized —

SCHR Schwab 0.0%

Value ($000) $2 Shares 93 Est. Cost $25.23 Unrealized —

SPSB SPDR 0.0%

Value ($000) $2 Shares 77 Est. Cost $30.34 Unrealized —

XLRE SPDR 0.0%

Value ($000) $2 Shares 40 Est. Cost $37.88 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VO	Vanguard Index FDS	33,886	$9,954	1.5%	$279.83	—	—	922908629
SCHH	Schwab Strategic Tr	159,934	$3,450	0.5%	$21.16	—	—	808524847
SCHE	Schwab Strategic Tr	2,389	$797	0.1%	$297.00	—	—	808524706
VTIP	Vanguard Malvern FDS	14,215	$720	0.1%	$50.36	—	—	922020805
ITOT	iShares Tr	4,059	$591	0.1%	$135.03	—	—	464287150
SCHO	Schwab Strategic Tr	22,792	$556	0.1%	$24.38	—	—	808524862
VGSH	Vanguard Scottsdale FDS	9,189	$541	0.1%	$58.78	—	—	92206C102
SHV	iShares Tr	4,817	$532	0.1%	$110.42	—	—	464288679
DFAS	Dimensional Fund Advisors	705	$483	0.1%	$684.41	—	—	25434V500
VTI	Vanguard	1,411	$463	0.1%	$328.21	—	—	922908769
VGT	Vanguard World FD	458	$342	0.1%	$662.93	—	—	92204A702
SCHZ	Schwab Strategic Tr	5,344	$125	0.0%	$23.28	—	—	808524839
AVUV	Avantis Investors	1,169	$116	0.0%	$99.47	—	—	025072877
TIP	iShares Tr	998	$111	0.0%	$110.55	—	—	464287176
QUAL	iShares TR	414	$80	0.0%	$182.80	—	—	46432F339
IWR	iShares TR	709	$68	0.0%	$96.51	—	—	464287499
AVDV	Avantis Investors	742	$66	0.0%	$88.99	—	—	025072802
IWY	iShares	185	$51	0.0%	$273.95	—	—	464289438
IYW	iShares	258	$51	0.0%	$196.14	—	—	464287721
QQQM	Invesco	205	$51	0.0%	$246.60	—	—	46138G649
VOO	Vanguard	83	$51	0.0%	$608.94	—	—	922908363
IXUS	iShares	35	$29	0.0%	$817.49	—	—	46432F834
ANGL	VanEck ETF Trust	945	$28	0.0%	$29.36	—	—	92189F437
GLD	SPDR	76	$27	0.0%	$353.18	—	—	78463V107
XLK	SPDR	66	$19	0.0%	$282.67	—	—	81369Y803
XLC	SPDR	156	$19	0.0%	$118.76	—	—	81369Y852
VSS	Vanguard Intl Equity Index F	122	$17	0.0%	$134.97	—	—	922042718
VEA	Vanguard	2,468	$15	0.0%	$5.99	—	—	921943858
SCHR	Schwab	93	$2	0.0%	$25.23	—	—	808524854
SPSB	SPDR	77	$2	0.0%	$30.34	—	—	78464A474
XLRE	SPDR	40	$2	0.0%	$37.88	—	—	81369Y860

Decreased Positions (7)

AGG iShares Tr 0.6%

Value ($000) $3,783 (-90.8%) Shares 37,873 (-90.7%) Est. Cost $99.33 Unrealized —

SCHF Schwab Strategic Tr 1.0%

Value ($000) $7,009 (-80.6%) Shares 291,561 (-81.2%) Est. Cost $22.10 Unrealized —

VTV Vanguard Index FDS 1.3%

Value ($000) $8,694 (-68.3%) Shares 45,522 (-69.0%) Est. Cost $43.45 Unrealized —

VT Vanguard Intl Equity Index F 1.2%

Value ($000) $8,101 (+64.1%) Shares 57,433 (-84.0%) Est. Cost $23.76 Unrealized —

SCHB Schwab Strategic Tr 1.6%

Value ($000) $10,943 (-2.4%) Shares 417,180 (-4.3%) Est. Cost $23.83 Unrealized —

SLYG SPDR 0.1%

Value ($000) $640 (-5.3%) Shares 6,793 (-5.2%) Est. Cost $88.75 Unrealized —

SLYV SPDR 0.1%

Value ($000) $705 (+0.2%) Shares 7,753 (-2.4%) Est. Cost $85.29 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGG	iShares Tr	37,873 (-90.7%)	$3,783 (-90.8%)	0.6%	$99.33	—	iShares Core US Aggregate Bond ETF	464287226
SCHF	Schwab Strategic Tr	291,561 (-81.2%)	$7,009 (-80.6%)	1.0%	$22.10	—	Schwab International Equity ETF	808524805
VTV	Vanguard Index FDS	45,522 (-69.0%)	$8,694 (-68.3%)	1.3%	$43.45	—	Vanguard Value ETF	922908744
VT	Vanguard Intl Equity Index F	57,433 (-84.0%)	$8,101 (+64.1%)	1.2%	$23.76	—	Vanguard Total World Stock ETF	922042742
SCHB	Schwab Strategic Tr	417,180 (-4.3%)	$10,943 (-2.4%)	1.6%	$23.83	—	Schwab US Broad Market ETF	808524102
SLYG	SPDR	6,793 (-5.2%)	$640 (-5.3%)	0.1%	$88.75	—	State Street SPDR S&P 600 Sm Cp GrETF	78464A201
SLYV	SPDR	7,753 (-2.4%)	$705 (+0.2%)	0.1%	$85.29	—	State Street SPDR S&P 600 Sm CpValETF	78464A300