Midwestern Financial, LLC /IA Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	16,824 (+10.0%)	$11,472 (+12.6%)	9.5%	$630.71	—	TR UNIT	78462F103
ACWX	ISHARES TR	101,748 (+9.4%)	$6,830 (+13.0%)	5.7%	$62.15	—	MSCI ACWI EX US	464288240
SHYD	VANECK ETF TRUST	76,195 (+39.7%)	$1,746 (+39.7%)	1.4%	$22.70	—	SHRT HGH YLD MUN	92189F387
JPST	J P MORGAN EXCHANGE TRADED F	82,095 (+11.9%)	$4,153 (+11.6%)	3.4%	$50.68	—	ULTRA SHRT ETF	46641Q837
AVEM	AMERICAN CENTY ETF TR	78,224 (+4.3%)	$6,025 (+6.9%)	5.0%	$69.24	—	AVANTIS EMGMKT	025072604
SCHA	SCHWAB STRATEGIC TR	83,713 (+15.3%)	$2,384 (+17.7%)	2.0%	$26.59	—	US SML CAP ETF	808524607
AVDE	AMERICAN CENTY ETF TR	73,654 (+1.8%)	$6,063 (+6.2%)	5.0%	$74.51	—	INTL EQT ETF	025072703
VO	VANGUARD INDEX FDS	7,895 (+18.9%)	$2,291 (+17.5%)	1.9%	$285.96	—	MID CAP ETF	922908629
VTEB	VANGUARD MUN BD FDS	44,720 (+16.4%)	$2,249 (+16.9%)	1.9%	$49.24	—	TAX EXEMPT BD	922907746
VEA	VANGUARD TAX-MANAGED FDS	55,729 (+5.7%)	$3,481 (+10.2%)	2.9%	$57.30	—	VAN FTSE DEV MKT	921943858
FLV	AMERICAN CENTY ETF TR	111,760 (+1.1%)	$8,468 (+3.9%)	7.0%	$70.17	—	FOCUSED LRG CAP	025072794
AGG	ISHARES TR	83,522 (+4.1%)	$8,342 (+3.8%)	6.9%	$99.28	—	CORE US AGGBD ET	464287226
QUAL	ISHARES TR	9,737 (+14.8%)	$1,934 (+17.3%)	1.6%	$184.85	—	MSCI USA QLT FCT	46432F339
AAPL	APPLE INC	4,570 (+14.4%)	$1,243 (+22.2%)	1.0%	$209.84	+27.9%	COM	037833100
IAGG	ISHARES TR	54,175 (+10.5%)	$2,709 (+7.9%)	2.2%	$50.99	—	CORE INTL AGGR	46435G672
VTIP	VANGUARD MALVERN FDS	17,653 (+27.5%)	$873 (+24.5%)	0.7%	$50.21	—	STRM INFPROIDX	922020805
VBR	VANGUARD INDEX FDS	15,858 (+3.6%)	$3,358 (+5.2%)	2.8%	$195.59	—	SM CP VAL ETF	922908611
VT	VANGUARD INTL EQUITY INDEX F	20,713 (+1.5%)	$2,922 (+3.9%)	2.4%	$128.70	—	TT WRLD ST ETF	922042742
LQD	ISHARES TR	6,020 (+11.3%)	$663 (+10.0%)	0.5%	$109.66	—	IBOXX INV CP ETF	464287242
VWO	VANGUARD INTL EQUITY INDEX F	28,151 (+4.8%)	$1,513 (+4.0%)	1.3%	$49.66	—	FTSE EMR MKT ETF	922042858
WMT	WALMART INC	4,450 (+3.5%)	$496 (+11.9%)	0.4%	$95.18	+12.6%	COM	931142103
AMZN	AMAZON COM INC	2,826 (+2.2%)	$652 (+7.4%)	0.5%	$198.55	+15.2%	COM	023135106
TEL	TE CONNECTIVITY PLC	2,193 (+3.2%)	$499 (+7.0%)	0.4%	$153.45	+50.7%	ORD SHS	G87052109
XLB	SELECT SECTOR SPDR TR	7,870 (+87.2%)	$357 (-5.2%)	0.3%	$68.10	—	STATE STREET MAT	81369Y100
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,889 (+1.2%)	$1,452 (+1.2%)	1.2%	$507.74	-2.0%	CL B NEW	084670702
BBHY	J P MORGAN EXCHANGE TRADED F	10,706 (+1.4%)	$498 (+0.4%)	0.4%	$46.64	—	BETABUILDERS USD	46641Q878

Exited Positions (2)

CLS CELESTICA INC 0.2%

Value ($000) $222 Shares 900 Est. Cost $201.61 Unrealized +49.5%

COST COSTCO WHSL CORP NEW 0.2%

Value ($000) $207 Shares 224 Est. Cost $990.72 Unrealized -8.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CLS	CELESTICA INC	900	$222	0.2%	$201.61	+49.5%	—	15101Q207
COST	COSTCO WHSL CORP NEW	224	$207	0.2%	$990.72	-8.6%	—	22160K105

Decreased Positions (15)

VTI VANGUARD INDEX FDS 3.6%

Value ($000) $4,398 (-14.9%) Shares 13,118 (-16.8%) Est. Cost $304.54 Unrealized —

SCHB SCHWAB STRATEGIC TR 4.0%

Value ($000) $4,878 (-9.0%) Shares 185,988 (-10.8%) Est. Cost $23.83 Unrealized —

ROP ROPER TECHNOLOGIES INC 0.6%

Value ($000) $771 (-34.0%) Shares 1,733 (-26.0%) Est. Cost $562.13 Unrealized -17.8%

HDV ISHARES TR 0.2%

Value ($000) $227 (-37.8%) Shares 1,871 (-37.3%) Est. Cost $117.17 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 2.1%

Value ($000) $2,483 (-3.5%) Shares 42,273 (-3.3%) Est. Cost $58.78 Unrealized —

SBUX STARBUCKS CORP 0.7%

Value ($000) $905 (-8.3%) Shares 10,748 (-7.9%) Est. Cost $85.17 Unrealized -1.3%

ACWI ISHARES TR 0.4%

Value ($000) $463 (-14.5%) Shares 3,275 (-16.4%) Est. Cost $128.59 Unrealized —

VTV VANGUARD INDEX FDS 5.0%

Value ($000) $6,010 (+1.0%) Shares 31,466 (-1.4%) Est. Cost $176.74 Unrealized —

SUB ISHARES TR 1.6%

Value ($000) $1,944 (-2.5%) Shares 18,218 (-2.4%) Est. Cost $106.34 Unrealized —

QQQ INVESCO QQQ TR 2.2%

Value ($000) $2,694 (-1.7%) Shares 4,385 (-3.9%) Est. Cost $553.53 Unrealized —

BBCB J P MORGAN EXCHANGE TRADED F 0.5%

Value ($000) $585 (-7.0%) Shares 12,761 (-6.1%) Est. Cost $45.70 Unrealized —

JMST J P MORGAN EXCHANGE TRADED F 0.4%

Value ($000) $480 (-5.4%) Shares 9,431 (-5.2%) Est. Cost $50.92 Unrealized —

BND VANGUARD BD INDEX FDS 0.3%

Value ($000) $321 (-5.7%) Shares 4,332 (-5.3%) Est. Cost $73.69 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 1.4%

Value ($000) $1,713 (+0.8%) Shares 7,794 (-1.0%) Est. Cost $204.68 Unrealized —

MUB ISHARES TR 0.9%

Value ($000) $1,063 (-0.5%) Shares 9,928 (-1.0%) Est. Cost $104.48 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTI	VANGUARD INDEX FDS	13,118 (-16.8%)	$4,398 (-14.9%)	3.6%	$304.54	—	TOTAL STK MKT	922908769
SCHB	SCHWAB STRATEGIC TR	185,988 (-10.8%)	$4,878 (-9.0%)	4.0%	$23.83	—	US BRD MKT ETF	808524102
ROP	ROPER TECHNOLOGIES INC	1,733 (-26.0%)	$771 (-34.0%)	0.6%	$562.13	-17.8%	COM	776696106
HDV	ISHARES TR	1,871 (-37.3%)	$227 (-37.8%)	0.2%	$117.17	—	CORE HIGH DV ETF	46429B663
VGSH	VANGUARD SCOTTSDALE FDS	42,273 (-3.3%)	$2,483 (-3.5%)	2.1%	$58.78	—	SHORT TERM TREAS	92206C102
SBUX	STARBUCKS CORP	10,748 (-7.9%)	$905 (-8.3%)	0.7%	$85.17	-1.3%	COM	855244109
ACWI	ISHARES TR	3,275 (-16.4%)	$463 (-14.5%)	0.4%	$128.59	—	MSCI ACWI ETF	464288257
VTV	VANGUARD INDEX FDS	31,466 (-1.4%)	$6,010 (+1.0%)	5.0%	$176.74	—	VALUE ETF	922908744
SUB	ISHARES TR	18,218 (-2.4%)	$1,944 (-2.5%)	1.6%	$106.34	—	SHRT NAT MUN ETF	464288158
QQQ	INVESCO QQQ TR	4,385 (-3.9%)	$2,694 (-1.7%)	2.2%	$553.53	—	UNIT SER 1	46090E103
BBCB	J P MORGAN EXCHANGE TRADED F	12,761 (-6.1%)	$585 (-7.0%)	0.5%	$45.70	—	BETABUILDERS USD	46641Q449
JMST	J P MORGAN EXCHANGE TRADED F	9,431 (-5.2%)	$480 (-5.4%)	0.4%	$50.92	—	ULTRA SHT MUNCPL	46641Q654
BND	VANGUARD BD INDEX FDS	4,332 (-5.3%)	$321 (-5.7%)	0.3%	$73.69	—	TOTAL BND MRKT	921937835
VIG	VANGUARD SPECIALIZED FUNDS	7,794 (-1.0%)	$1,713 (+0.8%)	1.4%	$204.68	—	DIV APP ETF	921908844
MUB	ISHARES TR	9,928 (-1.0%)	$1,063 (-0.5%)	0.9%	$104.48	—	NATIONAL MUN ETF	464288414

Unchanged Positions (11)

META META PLATFORMS INC 1.8%

Value ($000) $2,163 Shares 3,277 Est. Cost $616.61 Unrealized +8.2%

GOOGL ALPHABET INC 0.3%

Value ($000) $385 Shares 1,231 Est. Cost $163.29 Unrealized +74.9%

MSFT MICROSOFT CORP 0.5%

Value ($000) $573 Shares 1,185 Est. Cost $432.38 Unrealized +15.8%

TAXF AMERICAN CENTY ETF TR 1.1%

Value ($000) $1,270 Shares 25,203 Est. Cost $48.93 Unrealized —

VB VANGUARD INDEX FDS 0.4%

Value ($000) $471 Shares 1,824 Est. Cost $237.00 Unrealized —

XLI SELECT SECTOR SPDR TR 0.8%

Value ($000) $999 Shares 6,443 Est. Cost $147.52 Unrealized —

VGT VANGUARD WORLD FD 0.8%

Value ($000) $927 Shares 1,230 Est. Cost $663.51 Unrealized —

SPMD SPDR SERIES TRUST 0.2%

Value ($000) $267 Shares 4,606 Est. Cost $54.39 Unrealized —

TSLA TESLA INC 0.2%

Value ($000) $283 Shares 630 Est. Cost $301.28 Unrealized +47.1%

VTES VANGUARD WELLINGTON FD 0.2%

Value ($000) $302 Shares 2,973 Est. Cost $100.94 Unrealized —

NVDA NVIDIA CORPORATION 1.3%

Value ($000) $1,623 Shares 8,700 Est. Cost $125.82 Unrealized +47.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	3,277	$2,163	1.8%	$616.61	+8.2%	CL A	30303M102
GOOGL	ALPHABET INC	1,231	$385	0.3%	$163.29	+74.9%	CAP STK CL A	02079K305
MSFT	MICROSOFT CORP	1,185	$573	0.5%	$432.38	+15.8%	COM	594918104
TAXF	AMERICAN CENTY ETF TR	25,203	$1,270	1.1%	$48.93	—	DIVERSIFIED MU	025072505
VB	VANGUARD INDEX FDS	1,824	$471	0.4%	$237.00	—	SMALL CP ETF	922908751
XLI	SELECT SECTOR SPDR TR	6,443	$999	0.8%	$147.52	—	STATE STREET IND	81369Y704
VGT	VANGUARD WORLD FD	1,230	$927	0.8%	$663.51	—	INF TECH ETF	92204A702
SPMD	SPDR SERIES TRUST	4,606	$267	0.2%	$54.39	—	STATE STREET SPD	78464A847
TSLA	TESLA INC	630	$283	0.2%	$301.28	+47.1%	COM	88160R101
VTES	VANGUARD WELLINGTON FD	2,973	$302	0.2%	$100.94	—	SHORT TRM TAX EX	921935870
NVDA	NVIDIA CORPORATION	8,700	$1,623	1.3%	$125.82	+47.9%	COM	67066G104