# EDGAR Filing Document

**Accession Number:** 0001050068
**File Stem:** 0001085146-25-004715
**Filing Date:** 2025-8
**Character Count:** 21085
**Document Hash:** 761f566da7d9594a7ba04e228ca21f00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004715.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001085146-25-004715

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INVESTMENT PARTNERS, LTD.
- **CENTRAL INDEX KEY:** 0001050068

**ORGANIZATION NAME:**
- **EIN:** 341828939
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16440
- **FILM NUMBER:** 251197156

**BUSINESS ADDRESS:**
- **STREET 1:** 419 W HIGH AVE
- **STREET 2:** PO BOX 309
- **CITY:** NEW PHILADELPHIA
- **STATE:** OH
- **ZIP:** 44663
- **BUSINESS PHONE:** 3303089707

**MAIL ADDRESS:**
- **STREET 1:** 419 W HIGH AVE
- **STREET 2:** PO BOX 309
- **CITY:** NEW PHILADELPHIA
- **STATE:** OH
- **ZIP:** 44663

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INVESTMENT PARTNERS LTD /OH/                            /ADV
- **DATE OF NAME CHANGE:** 19971120

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** INVESTMENT PARTNERS LTD.<br>**Address:** 419 W High Ave<br>Po Box 309<br>NEW PHILADELPHIA, OH 44663

**Form 13F File Number:** 028-16440

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:** Douglas G Bambeck<br>**Title:** CCO<br>**Phone:** 330-308-9707

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

/s/  Douglas G Bambeck  New Philadelphia, OH  08-08-2025<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:** 158

**Form 13F Information Table Value Total:** $264218924

      (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 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 815490 | 5996 | SH |  | SOLE |  | 5996 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 3212003 | 17304 | SH |  | SOLE |  | 17304 | 0 | 0 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 456905 | 1181 | SH |  | SOLE |  | 1181 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 | BBG001S6DMD6 | 291249 | 1480 | SH |  | SOLE |  | 1480 | 0 | 0 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 368858 | 3498 | SH |  | SOLE |  | 3498 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 446458 | 2218 | SH |  | SOLE |  | 2218 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 1093174 | 6203 | SH |  | SOLE |  | 6203 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 1307309 | 7370 | SH |  | SOLE |  | 7370 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1707514 | 7783 | SH |  | SOLE |  | 7783 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 2192404 | 21130 | SH |  | SOLE |  | 21130 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 357651 | 1503 | SH |  | SOLE |  | 1503 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 7096103 | 34586 | SH |  | SOLE |  | 34586 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 793960 | 991 | SH |  | SOLE |  | 991 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 302832 | 10464 | SH |  | SOLE |  | 10464 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 | BBG01BGWHFS4 | 247364 | 1218 | SH |  | SOLE |  | 1218 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 2187649 | 7094 | SH |  | SOLE |  | 7094 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 355222 | 7507 | SH |  | SOLE |  | 7507 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 2747233 | 5655 | SH |  | SOLE |  | 5655 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 441264 | 421 | SH |  | SOLE |  | 421 | 0 | 0 |
| BLACKROCK MUNIASSETS FD INC | COM | 09254J102 | BBG001S7DTL0 | 153733 | 14782 | SH |  | SOLE |  | 14782 | 0 | 0 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 347705 | 1659 | SH |  | SOLE |  | 1659 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 582827 | 12591 | SH |  | SOLE |  | 12591 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 1424210 | 3669 | SH |  | SOLE |  | 3669 | 0 | 0 |
| CAVA GROUP INC | COM | 148929102 | BBG00GBR8762 | 355703 | 4223 | SH |  | SOLE |  | 4223 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 1096083 | 7655 | SH |  | SOLE |  | 7655 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 | BBG001S5PTM0 | 445801 | 2994 | SH |  | SOLE |  | 2994 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 892831 | 12869 | SH |  | SOLE |  | 12869 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 960250 | 13572 | SH |  | SOLE |  | 13572 | 0 | 0 |
| COCA-COLA FEMSA SAB DE CV | SPONS ADS REP | 191241108 | BBG001S6R487 | 358125 | 3702 | SH |  | SOLE |  | 3702 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 352039 | 3873 | SH |  | SOLE |  | 3873 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 254205 | 7123 | SH |  | SOLE |  | 7123 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 2100795 | 2122 | SH |  | SOLE |  | 2122 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKRZ7 | 850548 | 1670 | SH |  | SOLE |  | 1670 | 0 | 0 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051630 | BBG009RY6HH4 | 1618382 | 56077 | SH |  | SOLE |  | 56077 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG001SM0K30 | 239704 | 1375 | SH |  | SOLE |  | 1375 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 653261 | 5268 | SH |  | SOLE |  | 5268 | 0 | 0 |
| DNP SELECT INCOME FD INC | COM | 23325P104 | BBG001S5QKC9 | 531769 | 54318 | SH |  | SOLE |  | 54318 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 210653 | 590 | SH |  | SOLE |  | 590 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 4911036 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 | BBG001S6Q6D7 | 641428 | 14153 | SH |  | SOLE |  | 14153 | 0 | 0 |
| ENCORE ENERGY CORP | COM NEW | 29259W700 | BBG001T8HNC6 | 59233 | 20711 | SH |  | SOLE |  | 20711 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 1680050 | 15585 | SH |  | SOLE |  | 15585 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 | BBG00J3TCS97 | 848358 | 24046 | SH |  | SOLE |  | 24046 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 404688 | 1572 | SH |  | SOLE |  | 1572 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 608116 | 2085 | SH |  | SOLE |  | 2085 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 | BBG001S5RKR2 | 245119 | 4731 | SH |  | SOLE |  | 4731 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 586826 | 5293 | SH |  | SOLE |  | 5293 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 602010 | 851 | SH |  | SOLE |  | 851 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 1624483 | 4431 | SH |  | SOLE |  | 4431 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 500825 | 2151 | SH |  | SOLE |  | 2151 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 | BBG001S5RSZ6 | 1099524 | 65604 | SH |  | SOLE |  | 65604 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 249729 | 11149 | SH |  | SOLE |  | 11149 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 974561 | 3306 | SH |  | SOLE |  | 3306 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 589056 | 1084 | SH |  | SOLE |  | 1084 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 | BBG001V18CG8 | 363385 | 4990 | SH |  | SOLE |  | 4990 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 | BBG001V0MBC0 | 334962 | 16012 | SH |  | SOLE |  | 16012 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 550694 | 3030 | SH |  | SOLE |  | 3030 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 1516268 | 2749 | SH |  | SOLE |  | 2749 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | BBG01KYQ6QS5 | 2292131 | 37447 | SH |  | SOLE |  | 37447 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 | BBG001SQLN69 | 1407549 | 42900 | SH |  | SOLE |  | 42900 | 0 | 0 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 | BBG005DW06B7 | 4620487 | 107104 | SH |  | SOLE |  | 107104 | 0 | 0 |
| ISHARES TR | CORE 40/60 MODER | 464289875 | BBG001T3YV21 | 439768 | 9552 | SH |  | SOLE |  | 9552 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 | BBG006MJFZK4 | 1426103 | 22304 | SH |  | SOLE |  | 22304 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 | BBG001V0XLT8 | 773202 | 6599 | SH |  | SOLE |  | 6599 | 0 | 0 |
| ISHARES TR | CORE INTL AGGR | 46435G672 | BBG00BDV2SQ0 | 2621662 | 51315 | SH |  | SOLE |  | 51315 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 5196715 | 62251 | SH |  | SOLE |  | 62251 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 1794065 | 28927 | SH |  | SOLE |  | 28927 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 200521 | 1835 | SH |  | SOLE |  | 1835 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 3073177 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 | BBG001SSD858 | 5151384 | 97638 | SH |  | SOLE |  | 97638 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 4273915 | 47812 | SH |  | SOLE |  | 47812 | 0 | 0 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 | BBG0025X2WP7 | 920161 | 10946 | SH |  | SOLE |  | 10946 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 | BBG002DMN4B6 | 320995 | 5765 | SH |  | SOLE |  | 5765 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 | BBG0025X2G81 | 3409124 | 36318 | SH |  | SOLE |  | 36318 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 2594761 | 24835 | SH |  | SOLE |  | 24835 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 15362927 | 36184 | SH |  | SOLE |  | 36184 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 11238364 | 57861 | SH |  | SOLE |  | 57861 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 | BBG001S562F8 | 2487234 | 8701 | SH |  | SOLE |  | 8701 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 | BBG001S56277 | 2727039 | 17286 | SH |  | SOLE |  | 17286 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 | BBG001S561Z8 | 5604748 | 40415 | SH |  | SOLE |  | 40415 | 0 | 0 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 | BBG001S561V2 | 4973675 | 37639 | SH |  | SOLE |  | 37639 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 739268 | 3426 | SH |  | SOLE |  | 3426 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 5917397 | 53746 | SH |  | SOLE |  | 53746 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 4632066 | 23703 | SH |  | SOLE |  | 23703 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 460419 | 3467 | SH |  | SOLE |  | 3467 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 | BBG001SSD803 | 400493 | 3627 | SH |  | SOLE |  | 3627 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 | BBG001SLS4Q3 | 723431 | 6803 | SH |  | SOLE |  | 6803 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 | BBG019C1BQS3 | 225786 | 1718 | SH |  | SOLE |  | 1718 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 822587 | 5385 | SH |  | SOLE |  | 5385 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 5245288 | 18093 | SH |  | SOLE |  | 18093 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 223935 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 945889 | 2042 | SH |  | SOLE |  | 2042 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 341595 | 1540 | SH |  | SOLE |  | 1540 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 | BBG001S5T7M4 | 370854 | 1696 | SH |  | SOLE |  | 1696 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 1768855 | 6054 | SH |  | SOLE |  | 6054 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 219834 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 398250 | 5031 | SH |  | SOLE |  | 5031 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 295881 | 401 | SH |  | SOLE |  | 401 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 378771 | 3073 | SH |  | SOLE |  | 3073 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 10407807 | 20924 | SH |  | SOLE |  | 20924 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 291517 | 2070 | SH |  | SOLE |  | 2070 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 228991 | 171 | SH |  | SOLE |  | 171 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 242647 | 3495 | SH |  | SOLE |  | 3495 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 523501 | 1047 | SH |  | SOLE |  | 1047 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 7477947 | 47332 | SH |  | SOLE |  | 47332 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 3255803 | 14892 | SH |  | SOLE |  | 14892 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG001T53796 | 1059752 | 7774 | SH |  | SOLE |  | 7774 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 362213 | 1770 | SH |  | SOLE |  | 1770 | 0 | 0 |
| PARK NATL CORP | COM | 700658107 | BBG001S7X549 | 464983 | 2780 | SH |  | SOLE |  | 2780 | 0 | 0 |
| PENNANTPARK FLOATING RATE CA | COM | 70806A106 | BBG001V0Y5S3 | 103300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 1527883 | 11571 | SH |  | SOLE |  | 11571 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 434303 | 17917 | SH |  | SOLE |  | 17917 | 0 | 0 |
| PRINCIPAL EXCHANGE TRADED FD | SPECTRUM PFD | 74255Y888 | BBG00H3P9YB7 | 1888293 | 99541 | SH |  | SOLE |  | 99541 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1278248 | 8023 | SH |  | SOLE |  | 8023 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 | BBG001S97MM7 | 293017 | 2727 | SH |  | SOLE |  | 2727 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 209149 | 397 | SH |  | SOLE |  | 397 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | BBG001S7T1S7 | 768350 | 9060 | SH |  | SOLE |  | 9060 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG001S7T223 | 881125 | 16825 | SH |  | SOLE |  | 16825 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 | BBG001S7T232 | 827587 | 5610 | SH |  | SOLE |  | 5610 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 | BBG001S7T107 | 537722 | 6641 | SH |  | SOLE |  | 6641 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 | BBG001S7TD56 | 3192195 | 39091 | SH |  | SOLE |  | 39091 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 | BBG001S7R733 | 678332 | 7725 | SH |  | SOLE |  | 7725 | 0 | 0 |
| SIFCO INDS INC | COM | 826546103 | BBG001S5W2P8 | 214628 | 57541 | SH |  | SOLE |  | 57541 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 1641814 | 5386 | SH |  | SOLE |  | 5386 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 | BBG001SRXRJ1 | 2023249 | 49969 | SH |  | SOLE |  | 49969 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 791190 | 1281 | SH |  | SOLE |  | 1281 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 216962 | 383 | SH |  | SOLE |  | 383 | 0 | 0 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 | BBG001SD7RB9 | 284054 | 2980 | SH |  | SOLE |  | 2980 | 0 | 0 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 | BBG001SG4284 | 471165 | 9002 | SH |  | SOLE |  | 9002 | 0 | 0 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 | BBG001SPTBP8 | 2105037 | 15509 | SH |  | SOLE |  | 15509 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 379606 | 4143 | SH |  | SOLE |  | 4143 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 | BBG001SQGH95 | 245050 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG001S5VTR8 | 226605 | 442 | SH |  | SOLE |  | 442 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 702627 | 3102 | SH |  | SOLE |  | 3102 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 598154 | 1883 | SH |  | SOLE |  | 1883 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 562745 | 1388 | SH |  | SOLE |  | 1388 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 463585 | 1486 | SH |  | SOLE |  | 1486 | 0 | 0 |
| VANECK ETF TRUST | CEF MUNI INCOME | 92189F460 | BBG001WL63R3 | 1117613 | 53245 | SH |  | SOLE |  | 53245 | 0 | 0 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 | BBG001SZDBR1 | 663425 | 13213 | SH |  | SOLE |  | 13213 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 5765700 | 73262 | SH |  | SOLE |  | 73262 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 329438 | 751 | SH |  | SOLE |  | 751 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 2612283 | 9335 | SH |  | SOLE |  | 9335 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 1822605 | 20465 | SH |  | SOLE |  | 20465 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 1577280 | 6656 | SH |  | SOLE |  | 6656 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 7575729 | 153169 | SH |  | SOLE |  | 153169 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 | BBG001T0SKD6 | 763941 | 5685 | SH |  | SOLE |  | 5685 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 | BBG001TCH581 | 539708 | 6334 | SH |  | SOLE |  | 6334 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 6192070 | 30254 | SH |  | SOLE |  | 30254 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 14316328 | 251120 | SH |  | SOLE |  | 251120 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 | BBG00C863MQ1 | 1916222 | 21263 | SH |  | SOLE |  | 21263 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 825734 | 19083 | SH |  | SOLE |  | 19083 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8LM7 | 257269 | 2003 | SH |  | SOLE |  | 2003 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 1632953 | 4599 | SH |  | SOLE |  | 4599 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 494674 | 2552 | SH |  | SOLE |  | 2552 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 1926865 | 19706 | SH |  | SOLE |  | 19706 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 223505 | 2790 | SH |  | SOLE |  | 2790 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 | BBG001S5RTQ4 | 247965 | 1613 | SH |  | SOLE |  | 1613 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 296558 | 2001 | SH |  | SOLE |  | 2001 | 0 | 0 |

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