# EDGAR Filing Document

**Accession Number:** 0001913608
**File Stem:** 0001398344-23-000400
**Filing Date:** 2023-1
**Character Count:** 20214
**Document Hash:** 1de5c0463f51f2ff1cbb280b77caf598
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-000400.hdr.sgml**: 20230109

**ACCESSION NUMBER**: 0001398344-23-000400

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20200331

**FILED AS OF DATE**: 20230109

**DATE AS OF CHANGE**: 20230109

**EFFECTIVENESS DATE**: 20230109

**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:** 23517198

**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:** 03-31-2020

**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  01-05-2023<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:** 173

**Form 13F Information Table Value Total:** $83305071

      (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 |
| ACELRX PHARMACEUTICALS INC | COM | 00444T100 |  | 501636 | 425115 | SH |  | SOLE |  | 0 | 0 | 425115 |
| AIMMUNE THERAPEUTICS INC | COM | 00900T107 |  | 389947 | 27042 | SH |  | SOLE |  | 0 | 0 | 27042 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 691078 | 6349 | SH |  | SOLE |  | 0 | 0 | 6349 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 983857 | 14039 | SH |  | SOLE |  | 0 | 0 | 14039 |
| AMERICAS CAR MART INC | COM | 03062T105 |  | 317218 | 5629 | SH |  | SOLE |  | 0 | 0 | 5629 |
| ANNALY CAPITAL MANAGEMENT IN | COM | 035710409 |  | 203539 | 40146 | SH |  | SOLE |  | 0 | 0 | 40146 |
| ARGENX SE | SPONSORED ADR | 04016X101 |  | 536692 | 4074 | SH |  | SOLE |  | 0 | 0 | 4074 |
| ASCENDIS PHARMA A S | SPONSORED ADR | 04351P101 |  | 937803 | 8328 | SH |  | SOLE |  | 0 | 0 | 8328 |
| ATHERSYS INC NEW | COM | 04744L106 |  | 667586 | 222529 | SH |  | SOLE |  | 0 | 0 | 222529 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 1345939 | 7098 | SH |  | SOLE |  | 0 | 0 | 7098 |
| CARRIAGE SVCS INC | COM | 143905107 |  | 228767 | 14165 | SH |  | SOLE |  | 0 | 0 | 14165 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 730934 | 47310 | SH |  | SOLE |  | 0 | 0 | 47310 |
| CENTRAL GARDEN  PET CO | COM | 153527106 |  | 248513 | 9037 | SH |  | SOLE |  | 0 | 0 | 9037 |
| CINTAS CORP | COM | 172908105 |  | 1254798 | 7244 | SH |  | SOLE |  | 0 | 0 | 7244 |
| COFFEE HLDG CO INC | COM | 192176105 |  | 278722 | 119623 | SH |  | SOLE |  | 0 | 0 | 119623 |
| COGNEX CORP | COM | 192422103 |  | 1080324 | 25588 | SH |  | SOLE |  | 0 | 0 | 25588 |
| COLLEGIUM PHARMACEUTICAL INC | COM | 19459J104 |  | 397549 | 24345 | SH |  | SOLE |  | 0 | 0 | 24345 |
| CROWN CASTLE INTL CORP NEW | COM | 22822V101 |  | 590693 | 4091 | SH |  | SOLE |  | 0 | 0 | 4091 |
| DIVERSIFIED HEALTHCARE TR | COM SH BEN INT | 25525P107 |  | 192333 | 52984 | SH |  | SOLE |  | 0 | 0 | 52984 |
| DONALDSON INC | COM | 257651109 |  | 1016781 | 26321 | SH |  | SOLE |  | 0 | 0 | 26321 |
| DYNATRACE INC | COM | 268150109 |  | 246412 | 10336 | SH |  | SOLE |  | 0 | 0 | 10336 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1495482 | 7929 | SH |  | SOLE |  | 0 | 0 | 7929 |
| ENSIGN GROUP INC | COM | 29358P101 |  | 523556 | 13921 | SH |  | SOLE |  | 0 | 0 | 13921 |
| EXELIXIS INC | COM | 30161Q104 |  | 265748 | 15433 | SH |  | SOLE |  | 0 | 0 | 15433 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 1193159 | 17883 | SH |  | SOLE |  | 0 | 0 | 17883 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 399180 | 4169 | SH |  | SOLE |  | 0 | 0 | 4169 |
| F5 NETWORKS INC | COM | 315616102 |  | 929760 | 8719 | SH |  | SOLE |  | 0 | 0 | 8719 |
| 1ST SOURCE CORP | COM | 336901103 |  | 983304 | 30321 | SH |  | SOLE |  | 0 | 0 | 30321 |
| FIVE9 INC | COM | 338307101 |  | 594461 | 7775 | SH |  | SOLE |  | 0 | 0 | 7775 |
| GENTEX CORP | COM | 371901109 |  | 1339050 | 60426 | SH |  | SOLE |  | 0 | 0 | 60426 |
| GULF ISLAND FABRICATION INC | COM | 402307102 |  | 59693 | 19898 | SH |  | SOLE |  | 0 | 0 | 19898 |
| HANNON ARMSTRONG SUST INFR C | COM | 41068X100 |  | 378208 | 18531 | SH |  | SOLE |  | 0 | 0 | 18531 |
| HUBSPOT INC | COM | 443573100 |  | 506198 | 3801 | SH |  | SOLE |  | 0 | 0 | 3801 |
| INGREDION INC | COM | 457187102 |  | 1157517 | 15331 | SH |  | SOLE |  | 0 | 0 | 15331 |
| INPHI CORP | COM | 45772F107 |  | 220286 | 2782 | SH |  | SOLE |  | 0 | 0 | 2782 |
| IRIDIUM COMMUNICATIONS INC | COM | 46269C102 |  | 691713 | 30977 | SH |  | SOLE |  | 0 | 0 | 30977 |
| ISHARES TR | MBS ETF | 464288588 |  | 1017639 | 9214 | SH |  | SOLE |  | 0 | 0 | 9214 |
| ISHARES SILVER TRUST | ISHARES | 46428Q109 |  | 133707 | 10246 | SH |  | SOLE |  | 0 | 0 | 10246 |
| ISHARES U S ETF TR | SHT MAT BD ETF | 46431W507 |  | 1232946 | 25427 | SH |  | SOLE |  | 0 | 0 | 25427 |
| LHC GROUP INC | COM | 50187A107 |  | 753587 | 5375 | SH |  | SOLE |  | 0 | 0 | 5375 |
| LAM RESEARCH CORP | COM | 512807108 |  | 407646 | 1699 | SH |  | SOLE |  | 0 | 0 | 1699 |
| LANNET INC | COM | 516012101 |  | 491614 | 70736 | SH |  | SOLE |  | 0 | 0 | 70736 |
| LENNOX INTL INC | COM | 526107107 |  | 262822 | 1446 | SH |  | SOLE |  | 0 | 0 | 1446 |
| LIFETIME BRANDS INC | COM | 53222Q103 |  | 99290 | 17573 | SH |  | SOLE |  | 0 | 0 | 17573 |
| LIFE STORAGE INC | COM | 53223X107 |  | 312243 | 3302 | SH |  | SOLE |  | 0 | 0 | 3302 |
| LINCOLN EDL SVCS CORP | COM | 533535100 |  | 37507 | 17049 | SH |  | SOLE |  | 0 | 0 | 17049 |
| LIQUIDITY SERVICES INC | COM | 53635B107 |  | 206083 | 53114 | SH |  | SOLE |  | 0 | 0 | 53114 |
| LITTELFUSE INC | COM | 537008104 |  | 937442 | 7026 | SH |  | SOLE |  | 0 | 0 | 7026 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 405895 | 588 | SH |  | SOLE |  | 0 | 0 | 588 |
| MICROCHIP TECHNOLOGY INC | COM | 595017104 |  | 966847 | 14260 | SH |  | SOLE |  | 0 | 0 | 14260 |
| MID AMER APT CMNTYS INC | COM | 59522J103 |  | 1637177 | 15890 | SH |  | SOLE |  | 0 | 0 | 15890 |
| MISTRAS GROUP INC | COM | 60649T107 |  | 149734 | 35149 | SH |  | SOLE |  | 0 | 0 | 35149 |
| NATIONAL BEVERAGE CORP | COM | 635017106 |  | 1063479 | 24935 | SH |  | SOLE |  | 0 | 0 | 24935 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 |  | 1107911 | 34418 | SH |  | SOLE |  | 0 | 0 | 34418 |
| NATUS MED INC DEL | COM | 639050103 |  | 309024 | 13360 | SH |  | SOLE |  | 0 | 0 | 13360 |
| NEXTERA ENERGY PARTNERS LP | COM UNIT PART IN | 65341B106 |  | 464755 | 10808 | SH |  | SOLE |  | 0 | 0 | 10808 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 279759 | 24159 | SH |  | SOLE |  | 0 | 0 | 24159 |
| OFFICE PPTYS INCOME TR | COM SHS BEN INT | 67623C109 |  | 320308 | 11754 | SH |  | SOLE |  | 0 | 0 | 11754 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 323279 | 2463 | SH |  | SOLE |  | 0 | 0 | 2463 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 280245 | 24014 | SH |  | SOLE |  | 0 | 0 | 24014 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 233785 | 8809 | SH |  | SOLE |  | 0 | 0 | 8809 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 359281 | 2191 | SH |  | SOLE |  | 0 | 0 | 2191 |
| PAPA JOHNS INTL INC | COM | 698813102 |  | 1470945 | 27561 | SH |  | SOLE |  | 0 | 0 | 27561 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 1584268 | 7843 | SH |  | SOLE |  | 0 | 0 | 7843 |
| PERFICIENT INC | COM | 71375U101 |  | 278630 | 10285 | SH |  | SOLE |  | 0 | 0 | 10285 |
| PLURISTEM THERAPEUTICS INC | COM NEW | 72940R300 |  | 166637 | 45405 | SH |  | SOLE |  | 0 | 0 | 45405 |
| POOL CORPORATION | COM | 73278L105 |  | 212074 | 1078 | SH |  | SOLE |  | 0 | 0 | 1078 |
| POWERFLEET INC | COM | 73931J109 |  | 61381 | 17740 | SH |  | SOLE |  | 0 | 0 | 17740 |
| ROLLINS INC | COM | 775711104 |  | 321508 | 8896 | SH |  | SOLE |  | 0 | 0 | 8896 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 278479 | 893 | SH |  | SOLE |  | 0 | 0 | 893 |
| SAGE THERAPEUTICS INC | COM | 78667J108 |  | 332084 | 11563 | SH |  | SOLE |  | 0 | 0 | 11563 |
| SAREPTA THERAPEUTICS INC | COM | 803607100 |  | 759245 | 7762 | SH |  | SOLE |  | 0 | 0 | 7762 |
| SEATTLE GENETICS INC | COM | 812578102 |  | 444064 | 3849 | SH |  | SOLE |  | 0 | 0 | 3849 |
| SMARTSHEET INC | COM CL A | 83200N103 |  | 292440 | 7045 | SH |  | SOLE |  | 0 | 0 | 7045 |
| SPLUNK INC | COM | 848637104 |  | 351577 | 2785 | SH |  | SOLE |  | 0 | 0 | 2785 |
| STEMLINE THERAPEUTICS INC | COM | 85858C107 |  | 251739 | 52012 | SH |  | SOLE |  | 0 | 0 | 52012 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 678165 | 38620 | SH |  | SOLE |  | 0 | 0 | 38620 |
| TANDY LEATHER FACTORY INC | COM | 87538X105 |  | 120165 | 33379 | SH |  | SOLE |  | 0 | 0 | 33379 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 445579 | 2309 | SH |  | SOLE |  | 0 | 0 | 2309 |
| TORO CO | COM | 891092108 |  | 1249205 | 19192 | SH |  | SOLE |  | 0 | 0 | 19192 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 1137817 | 13457 | SH |  | SOLE |  | 0 | 0 | 13457 |
| TRANSGLOBE ENERGY CORP | COM | 893662106 |  | 283253 | 786813 | SH |  | SOLE |  | 0 | 0 | 786813 |
| TWILIO INC | CL A | 90138F102 |  | 507287 | 5669 | SH |  | SOLE |  | 0 | 0 | 5669 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 1576737 | 25293 | SH |  | SOLE |  | 0 | 0 | 25293 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1513366 | 19132 | SH |  | SOLE |  | 0 | 0 | 19132 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 1057368 | 14987 | SH |  | SOLE |  | 0 | 0 | 14987 |
| VANGUARD SCOTTSDALE FDS | MORTG-BACK SEC | 92206C771 |  | 3628 | 67 | SH |  | SOLE |  | 0 | 0 | 67 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 939057 | 10783 | SH |  | SOLE |  | 0 | 0 | 10783 |
| VARIAN MED SYS INC | COM | 92220P105 |  | 1056086 | 10287 | SH |  | SOLE |  | 0 | 0 | 10287 |
| VARONIS SYS INC | COM | 922280102 |  | 327977 | 5151 | SH |  | SOLE |  | 0 | 0 | 5151 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 326798 | 1373 | SH |  | SOLE |  | 0 | 0 | 1373 |
| VULCAN MATLS CO | COM | 929160109 |  | 427619 | 3957 | SH |  | SOLE |  | 0 | 0 | 3957 |
| WASHINGTON PRIME GROUP NEW | COM | 93964W108 |  | 262179 | 325647 | SH |  | SOLE |  | 0 | 0 | 325647 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 528594 | 6889 | SH |  | SOLE |  | 0 | 0 | 6889 |
| WAYFAIR INC | CL A | 94419L101 |  | 246318 | 4609 | SH |  | SOLE |  | 0 | 0 | 4609 |
| WELLTOWER INC | COM | 95040Q104 |  | 220413 | 4815 | SH |  | SOLE |  | 0 | 0 | 4815 |
| WEYERHAEUSER CO | COM | 962166104 |  | 238740 | 14085 | SH |  | SOLE |  | 0 | 0 | 14085 |
| XILINX INC | COM | 983919101 |  | 934731 | 11993 | SH |  | SOLE |  | 0 | 0 | 11993 |
| XYLEM INC | COM | 98419M100 |  | 448584 | 6888 | SH |  | SOLE |  | 0 | 0 | 6888 |
| ZAGG INC | COM | 98884U108 |  | 359009 | 115437 | SH |  | SOLE |  | 0 | 0 | 115437 |
| ZOGENIX INC | COM NEW | 98978L204 |  | 543353 | 21971 | SH |  | SOLE |  | 0 | 0 | 21971 |
| BIOHAVEN PHARMACTL HLDG CO L | COM | G11196105 |  | 275807 | 8105 | SH |  | SOLE |  | 0 | 0 | 8105 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 424954 | 10001 | SH |  | SOLE |  | 0 | 0 | 10001 |
| IHS MARKIT LTD | SHS | G47567105 |  | 229282 | 3821 | SH |  | SOLE |  | 0 | 0 | 3821 |
| NABRIVA THERAPEUTICS PLC | SHS | G63637105 |  | 236125 | 410653 | SH |  | SOLE |  | 0 | 0 | 410653 |
| MYOVANT SCIENCES LTD | COM | G637AM102 |  | 247777 | 32818 | SH |  | SOLE |  | 0 | 0 | 32818 |
| STRATASYS LTD | SHS | M85548101 |  | 170422 | 10685 | SH |  | SOLE |  | 0 | 0 | 10685 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 365153 | 1396 | SH |  | SOLE |  | 0 | 0 | 1396 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 32425 | 463 | SH |  | SOLE |  | 0 | 0 | 463 |
| ISHARES U S ETF TR | SHT MAT BD ETF | 46431W507 |  | 597167 | 12315 | SH |  | SOLE |  | 0 | 0 | 12315 |
| MICROCHIP TECHNOLOGY INC | COM | 595017104 |  | 35731 | 527 | SH |  | SOLE |  | 0 | 0 | 527 |
| MID AMER APT CMNTYS INC | COM | 59522J103 |  | 37868 | 368 | SH |  | SOLE |  | 0 | 0 | 368 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 |  | 21909 | 681 | SH |  | SOLE |  | 0 | 0 | 681 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 232 | 20 | SH |  | SOLE |  | 0 | 0 | 20 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 42188 | 499 | SH |  | SOLE |  | 0 | 0 | 499 |
| VANGUARD SCOTTSDALE FDS | MORTG-BACK SEC | 92206C771 |  | 12426 | 228 | SH |  | SOLE |  | 0 | 0 | 228 |
| VARIAN MED SYS INC | COM | 92220P105 |  | 34186 | 333 | SH |  | SOLE |  | 0 | 0 | 333 |
| XILINX INC | COM | 983919101 |  | 38192 | 490 | SH |  | SOLE |  | 0 | 0 | 490 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 2032 | 29 | SH |  | SOLE |  | 0 | 0 | 29 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 2655 | 14 | SH |  | SOLE |  | 0 | 0 | 14 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 1607 | 104 | SH |  | SOLE |  | 0 | 0 | 104 |
| CINTAS CORP | COM | 172908105 |  | 1905 | 11 | SH |  | SOLE |  | 0 | 0 | 11 |
| COGNEX CORP | COM | 192422103 |  | 2449 | 58 | SH |  | SOLE |  | 0 | 0 | 58 |
| DONALDSON INC | COM | 257651109 |  | 2047 | 53 | SH |  | SOLE |  | 0 | 0 | 53 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 2452 | 13 | SH |  | SOLE |  | 0 | 0 | 13 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 2669 | 40 | SH |  | SOLE |  | 0 | 0 | 40 |
| F5 NETWORKS INC | COM | 315616102 |  | 2133 | 20 | SH |  | SOLE |  | 0 | 0 | 20 |
| 1ST SOURCE CORP | COM | 336901103 |  | 1784 | 55 | SH |  | SOLE |  | 0 | 0 | 55 |
| GENTEX CORP | COM | 371901109 |  | 2415 | 109 | SH |  | SOLE |  | 0 | 0 | 109 |
| INGREDION INC | COM | 457187102 |  | 2794 | 37 | SH |  | SOLE |  | 0 | 0 | 37 |
| ISHARES U S ETF TR | SHT MAT BD ETF | 46431W507 |  | 410904 | 8474 | SH |  | SOLE |  | 0 | 0 | 8474 |
| LITTELFUSE INC | COM | 537008104 |  | 1868 | 14 | SH |  | SOLE |  | 0 | 0 | 14 |
| MICROCHIP TECHNOLOGY INC | COM | 595017104 |  | 1898 | 28 | SH |  | SOLE |  | 0 | 0 | 28 |
| MID AMER APT CMNTYS INC | COM | 59522J103 |  | 2267 | 22 | SH |  | SOLE |  | 0 | 0 | 22 |
| NATIONAL BEVERAGE CORP | COM | 635017106 |  | 2431 | 57 | SH |  | SOLE |  | 0 | 0 | 57 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 |  | 1706 | 53 | SH |  | SOLE |  | 0 | 0 | 53 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 834 | 72 | SH |  | SOLE |  | 0 | 0 | 72 |
| PAPA JOHNS INTL INC | COM | 698813102 |  | 2775 | 52 | SH |  | SOLE |  | 0 | 0 | 52 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 3030 | 15 | SH |  | SOLE |  | 0 | 0 | 15 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 1528 | 87 | SH |  | SOLE |  | 0 | 0 | 87 |
| TORO CO | COM | 891092108 |  | 2604 | 40 | SH |  | SOLE |  | 0 | 0 | 40 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 2621 | 31 | SH |  | SOLE |  | 0 | 0 | 31 |
| VARIAN MED SYS INC | COM | 92220P105 |  | 2464 | 24 | SH |  | SOLE |  | 0 | 0 | 24 |
| XILINX INC | COM | 983919101 |  | 2416 | 31 | SH |  | SOLE |  | 0 | 0 | 31 |
| IDEXX LABS INC | COM | 45168D104 |  | 299416 | 1236 | SH |  | SOLE |  | 0 | 0 | 1236 |
| ISHARES TR | BARCLAYS 7 10 YR | 464287440 |  | 1663574 | 13694 | SH |  | SOLE |  | 0 | 0 | 13694 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 1023185 | 11806 | SH |  | SOLE |  | 0 | 0 | 11806 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 1618712 | 12140 | SH |  | SOLE |  | 0 | 0 | 12140 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 1591914 | 14339 | SH |  | SOLE |  | 0 | 0 | 14339 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 954970 | 19593 | SH |  | SOLE |  | 0 | 0 | 19593 |
| LOWES COS INC | COM | 548661107 |  | 327823 | 3810 | SH |  | SOLE |  | 0 | 0 | 3810 |
| LUMBER LIQUIDATORS HLDGS INC | COM | 55003T107 |  | 179053 | 38178 | SH |  | SOLE |  | 0 | 0 | 38178 |
| MAGNA INTL INC | COM | 559222401 |  | 217061 | 6800 | SH |  | SOLE |  | 0 | 0 | 6800 |
| NORTHERN LTS FD TR IV | INSPIRE CORP | 66538H633 |  | 940084 | 38607 | SH |  | SOLE |  | 0 | 0 | 38607 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 3050325 | 30818 | SH |  | SOLE |  | 0 | 0 | 30818 |
| PROSHARES TR | SHT 7-10 YR TR | 74348A608 |  | 1190922 | 49539 | SH |  | SOLE |  | 0 | 0 | 49539 |
| SPDR SER TR | BLMBRG BRC CNVRT | 78464A359 |  | 603393 | 12607 | SH |  | SOLE |  | 0 | 0 | 12607 |
| SPDR SER TR | PORTFLI MORTGAGE | 78464A383 |  | 3157506 | 118303 | SH |  | SOLE |  | 0 | 0 | 118303 |
| SPDR SER TR | BLOMBERG BRC INV | 78468R200 |  | 1487547 | 50597 | SH |  | SOLE |  | 0 | 0 | 50597 |
| SPDR SER TR | SPDR BLOOMBERG | 78468R663 |  | 2797 | 31 | SH |  | SOLE |  | 0 | 0 | 31 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 15774 | 182 | SH |  | SOLE |  | 0 | 0 | 182 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 94393 | 850 | SH |  | SOLE |  | 0 | 0 | 850 |
| NORTHERN LTS FD TR IV | INSPIRE 100ETF | 66538H534 |  | 12753 | 513 | SH |  | SOLE |  | 0 | 0 | 513 |
| NORTHERN LTS FD TR IV | INSPIRE 100ETF | 66538H534 |  | 66629 | 2680 | SH |  | SOLE |  | 0 | 0 | 2680 |
| NORTHERN LTS FD TR IV | INSPIRE CORP | 66538H633 |  | 5844 | 240 | SH |  | SOLE |  | 0 | 0 | 240 |
| NORTHERN LTS FD TR IV | INSPIRE CORP | 66538H633 |  | 9350 | 384 | SH |  | SOLE |  | 0 | 0 | 384 |
| NORTHERN LTS FD TR IV | INSPIRE SMAL ETF | 66538H641 |  | 4969 | 258 | SH |  | SOLE |  | 0 | 0 | 258 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 11284 | 114 | SH |  | SOLE |  | 0 | 0 | 114 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 757852 | 7657 | SH |  | SOLE |  | 0 | 0 | 7657 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 6219 | 114 | SH |  | SOLE |  | 0 | 0 | 114 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 43187 | 389 | SH |  | SOLE |  | 0 | 0 | 389 |
| NORTHERN LTS FD TR IV | INSPIRE 100ETF | 66538H534 |  | 963971 | 38776 | SH |  | SOLE |  | 0 | 0 | 38776 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 126892 | 1282 | SH |  | SOLE |  | 0 | 0 | 1282 |

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