# EDGAR Filing Document

**Accession Number:** 0001913608
**File Stem:** 0001398344-23-000781
**Filing Date:** 2023-1
**Character Count:** 22132
**Document Hash:** f7392b77d4562260f1eceb30b587fd81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-000781.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001398344-23-000781

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230120

**EFFECTIVENESS DATE**: 20230120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Values First Advisors, Inc.
- **CENTRAL INDEX KEY:** 0001913608
- **IRS NUMBER:** 270392191

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22366
- **FILM NUMBER:** 23539454

**BUSINESS ADDRESS:**
- **STREET 1:** 101 OLD GRAY STATION ROAD
- **CITY:** GRAY
- **STATE:** TN
- **ZIP:** 37615
- **BUSINESS PHONE:** 4232181403

**MAIL ADDRESS:**
- **STREET 1:** 101 OLD GRAY STATION ROAD
- **CITY:** GRAY
- **STATE:** TN
- **ZIP:** 37615

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Values First Advisors Inc.<br>**Address:** 101 OLD GRAY STATION ROAD<br>GRAY, TN 37615

**Form 13F File Number:** 028-22366

**CRD Number (if applicable):** 000148532

**SEC File Number (if applicable):** 801-70391

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ed West<br>**Title:** Chief Compliance Officer and Operations Manager<br>**Phone:** 423-218-1403

**Signature, Place, and Date of Signing:**

/s/ Ed West  Gray, TN  01-17-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 192

**Form 13F Information Table Value Total:** $143307265

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| THE AARONS COMPANY INC | COM | 00258W108 |  | 559948 | 46858 | SH |  | SOLE |  | 0 | 0 | 46858 |
| ACELRX PHARMACEUTICALS INC | COM NEW | 00444T209 |  | 83572 | 36979 | SH |  | SOLE |  | 0 | 0 | 36979 |
| AGENUS INC | COM NEW | 00847G705 |  | 574466 | 239361 | SH |  | SOLE |  | 0 | 0 | 239361 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 1497716 | 6302 | SH |  | SOLE |  | 0 | 0 | 6302 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 1810133 | 13186 | SH |  | SOLE |  | 0 | 0 | 13186 |
| AMERICAS CAR-MART INC | COM | 03062T105 |  | 399865 | 5534 | SH |  | SOLE |  | 0 | 0 | 5534 |
| AMERISAFE INC | COM | 03071H100 |  | 201592 | 3879 | SH |  | SOLE |  | 0 | 0 | 3879 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1928607 | 25330 | SH |  | SOLE |  | 0 | 0 | 25330 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 396117 | 18791 | SH |  | SOLE |  | 0 | 0 | 18791 |
| ANNEXON INC | COM | 03589W102 |  | 88917 | 17199 | SH |  | SOLE |  | 0 | 0 | 17199 |
| ATHERSYS INC NEW | COM NEW | 04744L205 |  | 12449 | 14820 | SH |  | SOLE |  | 0 | 0 | 14820 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 1444423 | 17428 | SH |  | SOLE |  | 0 | 0 | 17428 |
| BROOKFIELD RENEWABLE CORP | CL A SUB VTG | 11284V105 |  | 410252 | 14913 | SH |  | SOLE |  | 0 | 0 | 14913 |
| CDW CORP | COM | 12514G108 |  | 407576 | 2282 | SH |  | SOLE |  | 0 | 0 | 2282 |
| CMS ENERGY CORP | COM | 125896100 |  | 301579 | 4762 | SH |  | SOLE |  | 0 | 0 | 4762 |
| CARRIAGE SVCS INC | COM | 143905107 |  | 415745 | 15096 | SH |  | SOLE |  | 0 | 0 | 15096 |
| CELLDEX THERAPEUTICS INC NEW | COM NEW | 15117B202 |  | 336066 | 7540 | SH |  | SOLE |  | 0 | 0 | 7540 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 1680783 | 56045 | SH |  | SOLE |  | 0 | 0 | 56045 |
| CENTRAL GARDEN  PET CO | COM | 153527106 |  | 333745 | 8912 | SH |  | SOLE |  | 0 | 0 | 8912 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 657502 | 4385 | SH |  | SOLE |  | 0 | 0 | 4385 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 1339557 | 13083 | SH |  | SOLE |  | 0 | 0 | 13083 |
| CINTAS CORP | COM | 172908105 |  | 1961659 | 4344 | SH |  | SOLE |  | 0 | 0 | 4344 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 887791 | 27857 | SH |  | SOLE |  | 0 | 0 | 27857 |
| COGENT BIOSCIENCES INC | COM | 19240Q201 |  | 133428 | 11542 | SH |  | SOLE |  | 0 | 0 | 11542 |
| COGNEX CORP | COM | 192422103 |  | 1175282 | 24948 | SH |  | SOLE |  | 0 | 0 | 24948 |
| COLLEGIUM PHARMACEUTICAL INC | COM | 19459J104 |  | 1104975 | 47628 | SH |  | SOLE |  | 0 | 0 | 47628 |
| COURSERA INC | COM | 22266M104 |  | 513744 | 43427 | SH |  | SOLE |  | 0 | 0 | 43427 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 584358 | 5550 | SH |  | SOLE |  | 0 | 0 | 5550 |
| CROWN CASTLE INC | COM | 22822V101 |  | 603342 | 4448 | SH |  | SOLE |  | 0 | 0 | 4448 |
| D R HORTON INC | COM | 23331A109 |  | 413623 | 4640 | SH |  | SOLE |  | 0 | 0 | 4640 |
| DATADOG INC | CL A COM | 23804L103 |  | 399100 | 5430 | SH |  | SOLE |  | 0 | 0 | 5430 |
| DIVERSIFIED HEALTHCARE TR | COM SH BEN INT | 25525P107 |  | 122608 | 189561 | SH |  | SOLE |  | 0 | 0 | 189561 |
| DONALDSON INC | COM | 257651109 |  | 2115155 | 35929 | SH |  | SOLE |  | 0 | 0 | 35929 |
| DOUBLEVERIFY HLDGS INC | COM | 25862V105 |  | 379645 | 17288 | SH |  | SOLE |  | 0 | 0 | 17288 |
| EOG RES INC | COM | 26875P101 |  | 1974322 | 15243 | SH |  | SOLE |  | 0 | 0 | 15243 |
| EMERGENT BIOSOLUTIONS INC | COM | 29089Q105 |  | 400858 | 33942 | SH |  | SOLE |  | 0 | 0 | 33942 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 504181 | 1903 | SH |  | SOLE |  | 0 | 0 | 1903 |
| ENSIGN GROUP INC | COM | 29358P101 |  | 2932306 | 30994 | SH |  | SOLE |  | 0 | 0 | 30994 |
| ENTEGRIS INC | COM | 29362U104 |  | 515499 | 7859 | SH |  | SOLE |  | 0 | 0 | 7859 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 282973 | 4380 | SH |  | SOLE |  | 0 | 0 | 4380 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 846927 | 17106 | SH |  | SOLE |  | 0 | 0 | 17106 |
| EXELIXIS INC | COM | 30161Q104 |  | 242922 | 15145 | SH |  | SOLE |  | 0 | 0 | 15145 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 1943385 | 18701 | SH |  | SOLE |  | 0 | 0 | 18701 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 276856 | 2271 | SH |  | SOLE |  | 0 | 0 | 2271 |
| 1ST SOURCE CORP | COM | 336901103 |  | 2155924 | 40609 | SH |  | SOLE |  | 0 | 0 | 40609 |
| FIVE9 INC | COM | 338307101 |  | 838231 | 12352 | SH |  | SOLE |  | 0 | 0 | 12352 |
| FORTINET INC | COM | 34959E109 |  | 1323094 | 27063 | SH |  | SOLE |  | 0 | 0 | 27063 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 |  | 201546 | 4721 | SH |  | SOLE |  | 0 | 0 | 4721 |
| GENERAC HLDGS INC | COM | 368736104 |  | 301751 | 2998 | SH |  | SOLE |  | 0 | 0 | 2998 |
| GENTEX CORP | COM | 371901109 |  | 1790976 | 65676 | SH |  | SOLE |  | 0 | 0 | 65676 |
| GUARDANT HEALTH INC | COM | 40131M109 |  | 373151 | 13719 | SH |  | SOLE |  | 0 | 0 | 13719 |
| GULF IS FABRICATION INC | COM | 402307102 |  | 106516 | 20763 | SH |  | SOLE |  | 0 | 0 | 20763 |
| HANNON ARMSTRONG SUST INFR C | COM | 41068X100 |  | 785313 | 27098 | SH |  | SOLE |  | 0 | 0 | 27098 |
| HAWKINS INC | COM | 420261109 |  | 408818 | 10591 | SH |  | SOLE |  | 0 | 0 | 10591 |
| HUBSPOT INC | COM | 443573100 |  | 671576 | 2323 | SH |  | SOLE |  | 0 | 0 | 2323 |
| IDEX CORP | COM | 45167R104 |  | 316588 | 1387 | SH |  | SOLE |  | 0 | 0 | 1387 |
| IMMUNOVANT INC | COM | 45258J102 |  | 210270 | 11846 | SH |  | SOLE |  | 0 | 0 | 11846 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 611669 | 2305 | SH |  | SOLE |  | 0 | 0 | 2305 |
| IRIDIUM COMMUNICATIONS INC | COM | 46269C102 |  | 567304 | 11037 | SH |  | SOLE |  | 0 | 0 | 11037 |
| ISHARES TR | MBS ETF | 464288588 |  | 770591 | 8308 | SH |  | SOLE |  | 0 | 0 | 8308 |
| ISHARES U S ETF TR | BLACKROCK ST MAT | 46431W507 |  | 3152446 | 63983 | SH |  | SOLE |  | 0 | 0 | 63983 |
| KLA CORP | COM NEW | 482480100 |  | 273859 | 726 | SH |  | SOLE |  | 0 | 0 | 726 |
| KARUNA THERAPEUTICS INC | COM | 48576A100 |  | 787244 | 4006 | SH |  | SOLE |  | 0 | 0 | 4006 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 499724 | 23594 | SH |  | SOLE |  | 0 | 0 | 23594 |
| KNOWBE4 INC | CL A | 49926T104 |  | 743180 | 29991 | SH |  | SOLE |  | 0 | 0 | 29991 |
| LHC GROUP INC | COM | 50187A107 |  | 389472 | 2409 | SH |  | SOLE |  | 0 | 0 | 2409 |
| LAM RESEARCH CORP | COM | 512807108 |  | 554815 | 1320 | SH |  | SOLE |  | 0 | 0 | 1320 |
| LANNET INC | COM | 516012101 |  | 102158 | 196155 | SH |  | SOLE |  | 0 | 0 | 196155 |
| LATTICE SEMICONDUCTOR CORP | COM | 518415104 |  | 420207 | 6477 | SH |  | SOLE |  | 0 | 0 | 6477 |
| LEMAITRE VASCULAR INC | COM | 525558201 |  | 1785491 | 38798 | SH |  | SOLE |  | 0 | 0 | 38798 |
| LIFETIME BRANDS INC | COM | 53222Q103 |  | 137245 | 18082 | SH |  | SOLE |  | 0 | 0 | 18082 |
| LIFE STORAGE INC | COM | 53223X107 |  | 493756 | 5013 | SH |  | SOLE |  | 0 | 0 | 5013 |
| LIQUIDITY SVCS INC | COM | 53635B107 |  | 572849 | 40743 | SH |  | SOLE |  | 0 | 0 | 40743 |
| LL FLOORING HOLDINGS INC | COM | 55003T107 |  | 120470 | 21436 | SH |  | SOLE |  | 0 | 0 | 21436 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 1680026 | 1162 | SH |  | SOLE |  | 0 | 0 | 1162 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1894456 | 26967 | SH |  | SOLE |  | 0 | 0 | 26967 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 1912096 | 12180 | SH |  | SOLE |  | 0 | 0 | 12180 |
| MISTRAS GROUP INC | COM | 60649T107 |  | 174310 | 35357 | SH |  | SOLE |  | 0 | 0 | 35357 |
| MONGODB INC | CL A | 60937P106 |  | 661681 | 3362 | SH |  | SOLE |  | 0 | 0 | 3362 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 1745156 | 4935 | SH |  | SOLE |  | 0 | 0 | 4935 |
| NASDAQ INC | COM | 631103108 |  | 388286 | 6329 | SH |  | SOLE |  | 0 | 0 | 6329 |
| NATIONAL BEVERAGE CORP | COM | 635017106 |  | 1813665 | 38978 | SH |  | SOLE |  | 0 | 0 | 38978 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 |  | 2350483 | 51365 | SH |  | SOLE |  | 0 | 0 | 51365 |
| NEOGEN CORP | COM | 640491106 |  | 202533 | 13298 | SH |  | SOLE |  | 0 | 0 | 13298 |
| NEXTERA ENERGY PARTNERS LP | COM UNIT PART IN | 65341B106 |  | 1002404 | 14302 | SH |  | SOLE |  | 0 | 0 | 14302 |
| NOVANTA INC | COM | 67000B104 |  | 380225 | 2798 | SH |  | SOLE |  | 0 | 0 | 2798 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 1221380 | 4304 | SH |  | SOLE |  | 0 | 0 | 4304 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 718842 | 13578 | SH |  | SOLE |  | 0 | 0 | 13578 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 485606 | 17374 | SH |  | SOLE |  | 0 | 0 | 17374 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 894243 | 6409 | SH |  | SOLE |  | 0 | 0 | 6409 |
| PATTERSON COS INC | COM | 703395103 |  | 270448 | 9649 | SH |  | SOLE |  | 0 | 0 | 9649 |
| PERFICIENT INC | COM | 71375U101 |  | 271992 | 3895 | SH |  | SOLE |  | 0 | 0 | 3895 |
| PLURI INC | COM | 72942G104 |  | 42919 | 45653 | SH |  | SOLE |  | 0 | 0 | 45653 |
| POOL CORP | COM | 73278L105 |  | 1968924 | 6513 | SH |  | SOLE |  | 0 | 0 | 6513 |
| PROLOGIS INC. | COM | 74340W103 |  | 529817 | 4700 | SH |  | SOLE |  | 0 | 0 | 4700 |
| PROMETHEUS BIOSCIENCES INC | COM | 74349U108 |  | 736676 | 6697 | SH |  | SOLE |  | 0 | 0 | 6697 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1236526 | 2862 | SH |  | SOLE |  | 0 | 0 | 2862 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 1263169 | 24264 | SH |  | SOLE |  | 0 | 0 | 24264 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 308862 | 1301 | SH |  | SOLE |  | 0 | 0 | 1301 |
| SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 |  | 365609 | 14820 | SH |  | SOLE |  | 0 | 0 | 14820 |
| SILVERGATE CAP CORP | CL A | 82837P408 |  | 281980 | 16206 | SH |  | SOLE |  | 0 | 0 | 16206 |
| SPROUT SOCIAL INC | COM CL A | 85209W109 |  | 433102 | 7671 | SH |  | SOLE |  | 0 | 0 | 7671 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 1570790 | 41832 | SH |  | SOLE |  | 0 | 0 | 41832 |
| TALARIS THERAPEUTICS INC | COM | 87410C104 |  | 40689 | 39891 | SH |  | SOLE |  | 0 | 0 | 39891 |
| TANDY LEATHER FACTORY INC | COM | 87538X105 |  | 137965 | 32462 | SH |  | SOLE |  | 0 | 0 | 32462 |
| TANGER FACTORY OUTLET CTRS I | COM | 875465106 |  | 1410436 | 78620 | SH |  | SOLE |  | 0 | 0 | 78620 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 647918 | 14453 | SH |  | SOLE |  | 0 | 0 | 14453 |
| TORO CO | COM | 891092108 |  | 2451611 | 21657 | SH |  | SOLE |  | 0 | 0 | 21657 |
| TREX CO INC | COM | 89531P105 |  | 419762 | 9916 | SH |  | SOLE |  | 0 | 0 | 9916 |
| VAALCO ENERGY INC | COM NEW | 91851C201 |  | 1616839 | 354570 | SH |  | SOLE |  | 0 | 0 | 354570 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 3515701 | 60804 | SH |  | SOLE |  | 0 | 0 | 60804 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 158 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 523785 | 2969 | SH |  | SOLE |  | 0 | 0 | 2969 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 342487 | 3653 | SH |  | SOLE |  | 0 | 0 | 3653 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 1384537 | 10445 | SH |  | SOLE |  | 0 | 0 | 10445 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 401721 | 2561 | SH |  | SOLE |  | 0 | 0 | 2561 |
| WELLTOWER INC | COM | 95040Q104 |  | 507308 | 7739 | SH |  | SOLE |  | 0 | 0 | 7739 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 520236 | 16782 | SH |  | SOLE |  | 0 | 0 | 16782 |
| WILLIAMS COS INC | COM | 969457100 |  | 405940 | 12339 | SH |  | SOLE |  | 0 | 0 | 12339 |
| ZOETIS INC | CL A | 98978V103 |  | 264162 | 1803 | SH |  | SOLE |  | 0 | 0 | 1803 |
| ZOOMINFO TECHNOLOGIES INC | COMMON STOCK | 98980F104 |  | 746770 | 24801 | SH |  | SOLE |  | 0 | 0 | 24801 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 433127 | 27818 | SH |  | SOLE |  | 0 | 0 | 27818 |
| APTIV PLC | SHS | G6095L109 |  | 922143 | 9902 | SH |  | SOLE |  | 0 | 0 | 9902 |
| NABRIVA THERAPEUTICS PLC | SHS NEW 2022 | G63637139 |  | 48890 | 25868 | SH |  | SOLE |  | 0 | 0 | 25868 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 413142 | 10739 | SH |  | SOLE |  | 0 | 0 | 10739 |
| ROIVANT SCIENCES LTD | SHS | G76279101 |  | 97171 | 12162 | SH |  | SOLE |  | 0 | 0 | 12162 |
| STERIS PLC | SHS USD | G8473T100 |  | 385637 | 2088 | SH |  | SOLE |  | 0 | 0 | 2088 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 1181539 | 7029 | SH |  | SOLE |  | 0 | 0 | 7029 |
| ADC THERAPEUTICS SA | SHS | H0036K147 |  | 39936 | 10400 | SH |  | SOLE |  | 0 | 0 | 10400 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 381431 | 18480 | SH |  | SOLE |  | 0 | 0 | 18480 |
| ITURAN LOCATION AND CONTROL | SHS | M6158M104 |  | 220169 | 10420 | SH |  | SOLE |  | 0 | 0 | 10420 |
| STRATASYS LTD | SHS | M85548101 |  | 142837 | 12044 | SH |  | SOLE |  | 0 | 0 | 12044 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 60474 | 441 | SH |  | SOLE |  | 0 | 0 | 441 |
| ISHARES U S ETF TR | BLACKROCK ST MAT | 46431W507 |  | 509439 | 10340 | SH |  | SOLE |  | 0 | 0 | 10340 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 74522 | 1061 | SH |  | SOLE |  | 0 | 0 | 1061 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 53912 | 343 | SH |  | SOLE |  | 0 | 0 | 343 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 |  | 28563 | 624 | SH |  | SOLE |  | 0 | 0 | 624 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 86073 | 1489 | SH |  | SOLE |  | 0 | 0 | 1489 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 3186 | 70 | SH |  | SOLE |  | 0 | 0 | 70 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 5766 | 42 | SH |  | SOLE |  | 0 | 0 | 42 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 3647 | 44 | SH |  | SOLE |  | 0 | 0 | 44 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 4259 | 142 | SH |  | SOLE |  | 0 | 0 | 142 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 4505 | 44 | SH |  | SOLE |  | 0 | 0 | 44 |
| CINTAS CORP | COM | 172908105 |  | 4065 | 9 | SH |  | SOLE |  | 0 | 0 | 9 |
| COGNEX CORP | COM | 192422103 |  | 2026 | 43 | SH |  | SOLE |  | 0 | 0 | 43 |
| DONALDSON INC | COM | 257651109 |  | 3591 | 61 | SH |  | SOLE |  | 0 | 0 | 61 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 3637 | 35 | SH |  | SOLE |  | 0 | 0 | 35 |
| 1ST SOURCE CORP | COM | 336901103 |  | 5362 | 101 | SH |  | SOLE |  | 0 | 0 | 101 |
| GENTEX CORP | COM | 371901109 |  | 2972 | 109 | SH |  | SOLE |  | 0 | 0 | 109 |
| ISHARES U S ETF TR | BLACKROCK ST MAT | 46431W507 |  | 13648 | 277 | SH |  | SOLE |  | 0 | 0 | 277 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 3794 | 54 | SH |  | SOLE |  | 0 | 0 | 54 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 4082 | 26 | SH |  | SOLE |  | 0 | 0 | 26 |
| NATIONAL BEVERAGE CORP | COM | 635017106 |  | 3629 | 78 | SH |  | SOLE |  | 0 | 0 | 78 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 |  | 4484 | 98 | SH |  | SOLE |  | 0 | 0 | 98 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 4619 | 123 | SH |  | SOLE |  | 0 | 0 | 123 |
| TORO CO | COM | 891092108 |  | 4075 | 36 | SH |  | SOLE |  | 0 | 0 | 36 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 752 | 13 | SH |  | SOLE |  | 0 | 0 | 13 |
| ARGENX SE | SPONSORED ADR | 04016X101 |  | 936697 | 2473 | SH |  | SOLE |  | 0 | 0 | 2473 |
| ASCENDIS PHARMA A/S | SPONSORED ADR | 04351P101 |  | 885926 | 7254 | SH |  | SOLE |  | 0 | 0 | 7254 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 343603 | 4613 | SH |  | SOLE |  | 0 | 0 | 4613 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 413877 | 757 | SH |  | SOLE |  | 0 | 0 | 757 |
| DIGI INTL INC | COM | 253798102 |  | 233324 | 6384 | SH |  | SOLE |  | 0 | 0 | 6384 |
| IDEXX LABS INC | COM | 45168D104 |  | 1205191 | 2954 | SH |  | SOLE |  | 0 | 0 | 2954 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 144 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 1563514 | 19262 | SH |  | SOLE |  | 0 | 0 | 19262 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 38896 | 296 | SH |  | SOLE |  | 0 | 0 | 296 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 154 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 9416756 | 85669 | SH |  | SOLE |  | 0 | 0 | 85669 |
| LOWES COS INC | COM | 548661107 |  | 862204 | 4327 | SH |  | SOLE |  | 0 | 0 | 4327 |
| NORTHERN LTS FD TR IV | INSPIRE 100 ETF | 66538H534 |  | 672987 | 22478 | SH |  | SOLE |  | 0 | 0 | 22478 |
| NORTHERN LTS FD TR IV | INSPIRE CORP BD | 66538H633 |  | 1556337 | 67549 | SH |  | SOLE |  | 0 | 0 | 67549 |
| NORTHERN LTS FD TR IV | INSPIRE SML/ MID | 66538H641 |  | 203650 | 6764 | SH |  | SOLE |  | 0 | 0 | 6764 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 9386187 | 95146 | SH |  | SOLE |  | 0 | 0 | 95146 |
| PROSHARES TR | SHT 7-10 YR TR | 74348A608 |  | 1538090 | 53686 | SH |  | SOLE |  | 0 | 0 | 53686 |
| SPDR SER TR | BBG CONV SEC ETF | 78464A359 |  | 754472 | 11726 | SH |  | SOLE |  | 0 | 0 | 11726 |
| SPDR SER TR | PORT MTG BK ETF | 78464A383 |  | 1144935 | 52762 | SH |  | SOLE |  | 0 | 0 | 52762 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 169559 | 2043 | SH |  | SOLE |  | 0 | 0 | 2043 |
| SPDR SER TR | BLOOMBERG INVT | 78468R200 |  | 168 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| SPDR SER TR | BLOOMBERG 3-12 M | 78468R523 |  | 6284639 | 63296 | SH |  | SOLE |  | 0 | 0 | 63296 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 200961 | 2197 | SH |  | SOLE |  | 0 | 0 | 2197 |
| SPDR SER TR | PRTFLO S HI | 78468R788 |  | 127088 | 3211 | SH |  | SOLE |  | 0 | 0 | 3211 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 8932 | 110 | SH |  | SOLE |  | 0 | 0 | 110 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 197259 | 1795 | SH |  | SOLE |  | 0 | 0 | 1795 |
| NORTHERN LTS FD TR IV | INSPIRE 100 ETF | 66538H534 |  | 9518 | 318 | SH |  | SOLE |  | 0 | 0 | 318 |
| NORTHERN LTS FD TR IV | INSPIRE 100 ETF | 66538H534 |  | 90935 | 3037 | SH |  | SOLE |  | 0 | 0 | 3037 |
| NORTHERN LTS FD TR IV | INSPIRE CORP BD | 66538H633 |  | 7810 | 339 | SH |  | SOLE |  | 0 | 0 | 339 |
| NORTHERN LTS FD TR IV | INSPIRE SML/ MID | 66538H641 |  | 7810 | 259 | SH |  | SOLE |  | 0 | 0 | 259 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 527975 | 5352 | SH |  | SOLE |  | 0 | 0 | 5352 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 7615 | 77 | SH |  | SOLE |  | 0 | 0 | 77 |
| SPDR SER TR | BLOOMBERG 3-12 M | 78468R523 |  | 120358 | 1212 | SH |  | SOLE |  | 0 | 0 | 1212 |
| NORTHERN LTS FD TR IV | INSPIRE 100 ETF | 66538H534 |  | 369305 | 12335 | SH |  | SOLE |  | 0 | 0 | 12335 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 53271 | 540 | SH |  | SOLE |  | 0 | 0 | 540 |

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