# EDGAR Filing Document

**Accession Number:** 0002056650
**File Stem:** 0002056650-25-000003
**Filing Date:** 2025-8
**Character Count:** 69006
**Document Hash:** 42d2398f36152293878ec78da8990388
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002056650-25-000003.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0002056650-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 10Elms LLP
- **CENTRAL INDEX KEY:** 0002056650

**ORGANIZATION NAME:**
- **EIN:** 882890024
- **STATE OF INCORPORATION:** OK
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25352
- **FILM NUMBER:** 251216646

**BUSINESS ADDRESS:**
- **STREET 1:** 8721 SOUTH 79TH EAST AVENUE
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74133
- **BUSINESS PHONE:** 9188127998

**MAIL ADDRESS:**
- **STREET 1:** 8721 SOUTH 79TH EAST AVENUE
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74133

### 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:** 10Elms LLP<br>**Address:** 8721 SOUTH 79TH EAST AVENUE<br>TULSA, OK 74133

**Form 13F File Number:** 028-25352

**CRD Number (if applicable):** 000323398

**SEC File Number (if applicable):** 801-131155

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:** Julie Hazzard<br>**Title:** Partner and Chief Compliance Officer<br>**Phone:** 918-812-7998

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

Julie Hazzard  Tulsa, OK  08-14-2025<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:** 504

**Form 13F Information Table Value Total:** $105046200

      (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 |
| LVMH MOET HENNESSY LOU FSPONSORED ADR           1 ADR REPS  0 2  ORD SHS | AMERICAN DEPOSITORY | 502441306 |  | 21012 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| INTERNTNL CONS AIRLS A FSPONSORED ADR           1 ADR REPS    2  ORD SHS | AMERICAN DEPOSITORY | 459348108 |  | 37200 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| BANCO BBVA ARGENTINA S FSPONSORED ADR           1 ADR REPS    3  ORD SHS | AMERICAN DEPOSITORY | 058934100 |  | 32920 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| NOVARTIS AG            FSPONSORED ADR           1 ADR REPS    1  ORD SHS | AMERICAN DEPOSITORY | 66987V109 |  | 84707 | 700 | SH |  | SOLE |  | 0 | 0 | 700 |
| ANHEUSER BUSCH INBEV S FSPONSORED ADR           1 ADR REPS    1  ORD SHS | AMERICAN DEPOSITORY | 03524A108 |  | 71606 | 1042 | SH |  | SOLE |  | 0 | 0 | 1042 |
| SANTANDER BANK  4 35 25CD FDIC INS DUE 08/15/25US | CERTIFICATE  DEPOSIT | 80280JYM7 |  | 34994 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| BANK OF AMERICA  4 1 26CD FDIC INS DUE 01/15/26US | CERTIFICATE  DEPOSIT | 06051XNJ7 |  | 13978 | 14000 | PRN |  | SOLE |  | 0 | 0 | 14000 |
| UBS BANK USA      3 4 25CD FDIC INS DUE 09/02/25US | CERTIFICATE  DEPOSIT | 90348J5H9 |  | 7988 | 8000 | PRN |  | SOLE |  | 0 | 0 | 8000 |
| WELLS FARGO BANK 5 25 25CD FDIC INS DUE 09/19/25US | CERTIFICATE  DEPOSIT | 949764FV1 |  | 13028 | 13000 | PRN |  | SOLE |  | 0 | 0 | 13000 |
| JPMORGAN CHASE B 4 55 25CD FDIC INS DUE 11/19/25US | CERTIFICATE  DEPOSIT | 46657VPW4 |  | 35001 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| BANK OF AMERICA NT 4 26CD FDIC INS DUE 01/02/26US | CERTIFICATE  DEPOSIT | 06051XMG4 |  | 21957 | 22000 | PRN |  | SOLE |  | 0 | 0 | 22000 |
| ALLY BANK         3 3 25CD FDIC INS DUE 12/23/25US | CERTIFICATE  DEPOSIT | 02007GTY9 |  | 22878 | 23000 | PRN |  | SOLE |  | 0 | 0 | 23000 |
| BANK OF AMERICA 5 05 25CD FDIC INS DUE 09/29/25US | CERTIFICATE  DEPOSIT | 06051XBS0 |  | 15024 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| BANK OF AMERICA 4 05 26CD FDIC INS DUE 02/09/26US | CERTIFICATE  DEPOSIT | 06051XUU4 |  | 34939 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| WELLS FARGO BANK 4 8 26CD FDIC INS DUE 01/12/26US | CERTIFICATE  DEPOSIT | 949764KS2 |  | 7008 | 7000 | PRN |  | SOLE |  | 0 | 0 | 7000 |
| WELLS FARGO BANK 5 35 25CD FDIC INS DUE 11/21/25US | CERTIFICATE  DEPOSIT | 949764JD7 |  | 15064 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| TRUIST BANK       4 3 26CD FDIC INS DUE 06/12/26US | CERTIFICATE  DEPOSIT | 89788HJU8 |  | 16003 | 16000 | PRN |  | SOLE |  | 0 | 0 | 16000 |
| U S  BANK NTNL AS 4 3 26CD FDIC INS DUE 01/02/26US | CERTIFICATE  DEPOSIT | 90355UKC8 |  | 26971 | 27000 | PRN |  | SOLE |  | 0 | 0 | 27000 |
| WOORI AMERICA BA 4 25 25CD FDIC INS DUE 10/28/25US | CERTIFICATE  DEPOSIT | 981059DR6 |  | 34966 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| WELLS FARGO BANK 4 25 26CD FDIC INS DUE 03/05/26US | CERTIFICATE  DEPOSIT | 949764QJ6 |  | 8992 | 9000 | PRN |  | SOLE |  | 0 | 0 | 9000 |
| JPMORGAN CHASE BA 4 6 25CD FDIC INS DUE 12/19/25US | CERTIFICATE  DEPOSIT | 46657VPX2 |  | 30002 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| GOLDMAN SACHS BA 4 75 25CD FDIC INS DUE 07/30/25US | CERTIFICATE  DEPOSIT | 38150VWC9 |  | 32005 | 32000 | PRN |  | SOLE |  | 0 | 0 | 32000 |
| WELLS FARGO BANK 4 2 25CD FDIC INS DUE 12/31/25US | CERTIFICATE  DEPOSIT | 949764QV9 |  | 8993 | 9000 | PRN |  | SOLE |  | 0 | 0 | 9000 |
| WELLS FARGO BANK 4 25 26CD FDIC INS DUE 03/11/26US | CERTIFICATE  DEPOSIT | 949764QN7 |  | 14987 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| WELLS FARGO BANK 4 25 25CD FDIC INS DUE 12/05/25US | CERTIFICATE  DEPOSIT | 949764QH0 |  | 11993 | 12000 | PRN |  | SOLE |  | 0 | 0 | 12000 |
| TRUIST BANK      4 25 25CD FDIC INS DUE 09/05/25US | CERTIFICATE  DEPOSIT | 89788HJD6 |  | 34989 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| BWX TECHNOLOGIES INC | COMMON STOCK | 05605H100 |  | 216954 | 1506 | SH |  | SOLE |  | 0 | 0 | 1506 |
| ALPHABET INC            CLASS                  A | COMMON STOCK | 02079K305 |  | 373642 | 2120 | SH |  | SOLE |  | 0 | 0 | 2120 |
| MICROSOFT CORP | COMMON STOCK | 594918104 |  | 318384 | 640 | SH |  | SOLE |  | 0 | 0 | 640 |
| MORGAN STANLEY | COMMON STOCK | 617446448 |  | 20143 | 143 | SH |  | SOLE |  | 0 | 0 | 143 |
| AMAZON COM INC | COMMON STOCK | 023135106 |  | 575935 | 2625 | SH |  | SOLE |  | 0 | 0 | 2625 |
| CAPITAL ONE FINL CORP | COMMON STOCK | 14040H105 |  | 6596 | 31 | SH |  | SOLE |  | 0 | 0 | 31 |
| JPMORGAN CHASE  CO | COMMON STOCK | 46625H100 |  | 28991 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| ABBVIE INC | COMMON STOCK | 00287Y109 |  | 17448 | 94 | SH |  | SOLE |  | 0 | 0 | 94 |
| WILLIAMS COS INC | COMMON STOCK | 969457100 |  | 197789 | 3149 | SH |  | SOLE |  | 0 | 0 | 3149 |
| PFIZER INC | COMMON STOCK | 717081103 |  | 16968 | 700 | SH |  | SOLE |  | 0 | 0 | 700 |
| FORD MTR CO DEL | COMMON STOCK | 345370860 |  | 57646 | 5313 | SH |  | SOLE |  | 0 | 0 | 5313 |
| PHILLIPS 66 | COMMON STOCK | 718546104 |  | 161532 | 1354 | SH |  | SOLE |  | 0 | 0 | 1354 |
| BLACKSTONE INC | COMMON STOCK | 09260D107 |  | 690162 | 4614 | SH |  | SOLE |  | 0 | 0 | 4614 |
| EYENOVIA INC | COMMON STOCK | 30234E203 |  | 934 | 90 | SH |  | SOLE |  | 0 | 0 | 90 |
| CITIGROUP INC | COMMON STOCK | 172967424 |  | 17109 | 201 | SH |  | SOLE |  | 0 | 0 | 201 |
| DOVER CORP | COMMON STOCK | 260003108 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| ELI LILLY AND CO | COMMON STOCK | 532457108 |  | 23386 | 30 | SH |  | SOLE |  | 0 | 0 | 30 |
| GENERAL MTRS CO | COMMON STOCK | 37045V100 |  | 71613 | 1455 | SH |  | SOLE |  | 0 | 0 | 1455 |
| MCDONALDS CORP | COMMON STOCK | 580135101 |  | 132860 | 455 | SH |  | SOLE |  | 0 | 0 | 455 |
| BROADCOM INC | COMMON STOCK | 11135F101 |  | 179173 | 650 | SH |  | SOLE |  | 0 | 0 | 650 |
| PROCTER  GAMBLE CO | COMMON STOCK | 742718109 |  | 31864 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| CVS HEALTH CORP | COMMON STOCK | 126650100 |  | 1946 | 28 | SH |  | SOLE |  | 0 | 0 | 28 |
| WELLS FARGO  CO | COMMON STOCK | 949746101 |  | 318157 | 3971 | SH |  | SOLE |  | 0 | 0 | 3971 |
| CHEVRON CORP NEW | COMMON STOCK | 166764100 |  | 28638 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| KKR  CO INC | COMMON STOCK | 48251W104 |  | 611140 | 4594 | SH |  | SOLE |  | 0 | 0 | 4594 |
| PEPSICO INC | COMMON STOCK | 713448108 |  | 231598 | 1754 | SH |  | SOLE |  | 0 | 0 | 1754 |
| COSTCO WHSL CORP NEW | COMMON STOCK | 22160K105 |  | 212837 | 215 | SH |  | SOLE |  | 0 | 0 | 215 |
| VISA INC                CLASS                  A | COMMON STOCK | 92826C839 |  | 81662 | 230 | SH |  | SOLE |  | 0 | 0 | 230 |
| NVIDIA CORP | COMMON STOCK | 67066G104 |  | 233825 | 1480 | SH |  | SOLE |  | 0 | 0 | 1480 |
| BRINKER INTL INC | COMMON STOCK | 109641100 |  | 25246 | 140 | SH |  | SOLE |  | 0 | 0 | 140 |
| RTX CORP | COMMON STOCK | 75513E101 |  | 36651 | 251 | SH |  | SOLE |  | 0 | 0 | 251 |
| DUPONT DE NEMOURS INC | COMMON STOCK | 26614N102 |  | 15707 | 229 | SH |  | SOLE |  | 0 | 0 | 229 |
| CATERPILLAR INC | COMMON STOCK | 149123101 |  | 271359 | 699 | SH |  | SOLE |  | 0 | 0 | 699 |
| WALMART INC | COMMON STOCK | 931142103 |  | 96802 | 990 | SH |  | SOLE |  | 0 | 0 | 990 |
| ALLSTATE CORP | COMMON STOCK | 020002101 |  | 201 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| EXCELERATE ENERGY INC   CLASS                  A | COMMON STOCK | 30069T101 |  | 73300 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| KIMBERLY CLARK CORP | COMMON STOCK | 494368103 |  | 6704 | 52 | SH |  | SOLE |  | 0 | 0 | 52 |
| EXXON MOBIL CORP | COMMON STOCK | 30231G102 |  | 24578 | 228 | SH |  | SOLE |  | 0 | 0 | 228 |
| ALTRIA GROUP INC | COMMON STOCK | 02209S103 |  | 6860 | 117 | SH |  | SOLE |  | 0 | 0 | 117 |
| CHENIERE ENERGY INC | COMMON STOCK | 16411R208 |  | 131744 | 541 | SH |  | SOLE |  | 0 | 0 | 541 |
| SOUTHERN CO | COMMON STOCK | 842587107 |  | 22223 | 242 | SH |  | SOLE |  | 0 | 0 | 242 |
| T-MOBILE US INC | COMMON STOCK | 872590104 |  | 45746 | 192 | SH |  | SOLE |  | 0 | 0 | 192 |
| TESLA INC | COMMON STOCK | 88160R101 |  | 34943 | 110 | SH |  | SOLE |  | 0 | 0 | 110 |
| KINDER MORGAN INC DEL | COMMON STOCK | 49456B101 |  | 190453 | 6478 | SH |  | SOLE |  | 0 | 0 | 6478 |
| ALPHABET INC            CLASS                  C | COMMON STOCK | 02079K107 |  | 283824 | 1600 | SH |  | SOLE |  | 0 | 0 | 1600 |
| JOHNSON  JOHNSON | COMMON STOCK | 478160104 |  | 104328 | 683 | SH |  | SOLE |  | 0 | 0 | 683 |
| UBER TECHNOLOGIES INC | COMMON STOCK | 90353T100 |  | 83970 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| CONOCOPHILLIPS | COMMON STOCK | 20825C104 |  | 25037 | 279 | SH |  | SOLE |  | 0 | 0 | 279 |
| EVERGY INC | COMMON STOCK | 30034W106 |  | 2481 | 36 | SH |  | SOLE |  | 0 | 0 | 36 |
| QUALCOMM INC | COMMON STOCK | 747525103 |  | 96034 | 603 | SH |  | SOLE |  | 0 | 0 | 603 |
| THE COCA-COLA CO | COMMON STOCK | 191216100 |  | 16980 | 240 | SH |  | SOLE |  | 0 | 0 | 240 |
| AT INC | COMMON STOCK | 00206R102 |  | 24136 | 834 | SH |  | SOLE |  | 0 | 0 | 834 |
| APPLE INC | COMMON STOCK | 037833100 |  | 49884 | 243 | SH |  | SOLE |  | 0 | 0 | 243 |
| BERKSHIRE HATHAWAY      CLASS                  B | COMMON STOCK | 084670702 |  | 320608 | 660 | SH |  | SOLE |  | 0 | 0 | 660 |
| AIR PRODS  CHEMS INC | COMMON STOCK | 009158106 |  | 5077 | 18 | SH |  | SOLE |  | 0 | 0 | 18 |
| ALLIANT ENERGY CORP | COMMON STOCK | 018802108 |  | 144402 | 2388 | SH |  | SOLE |  | 0 | 0 | 2388 |
| BOA 7 25  SR L 7 25  PFDCONV SER L | CONVERTABLE PREFERED | 060505682 |  | 7278 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| THE ALLSTATE COR 0 75 25            DUE 12/15/25 | CORPORATE BONDS | 020002BH3 |  | 49158 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| THE GOLDMAN SACHS G 1 25            DUE 12/21/25 | CORPORATE BONDS | 38150AEL5 |  | 73424 | 75000 | PRN |  | SOLE |  | 0 | 0 | 75000 |
| NEXTERA ENERGY CAPI 5 30            DUE 02/28/30 | CORPORATE BONDS | 65339KCN8 |  | 87067 | 85000 | PRN |  | SOLE |  | 0 | 0 | 85000 |
| EASTERN GAS TRANSMI 3 29            DUE 11/15/29 | CORPORATE BONDS | 276480AH3 |  | 9418 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| NEXTERA ENERGY  1 875 27            DUE 01/15/27 | CORPORATE BONDS | 65339KBY5 |  | 24109 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| RYDER SYSTEM INC 5 65 28            DUE 03/01/28 | CORPORATE BONDS | 78355HKV0 |  | 30989 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| HELMERICH  PAYNE 2 9 31            DUE 09/29/31 | CORPORATE BONDS | 423452AG6 |  | 8333 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| PROVIDENCE ST   2 532 29            DUE 10/01/29 | CORPORATE BONDS | 743820AA0 |  | 46008 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| GENERAL ELECTRIC CO 4 32            DUE 07/15/32 | CORPORATE BONDS | 36966TKV3 |  | 9307 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| THE GOLDMAN SACH 4 75 33            DUE 08/15/33 | CORPORATE BONDS | 38143CDS7 |  | 56308 | 57000 | PRN |  | SOLE |  | 0 | 0 | 57000 |
| GENERAL ELECTRIC CO 4 32            DUE 06/15/32 | CORPORATE BONDS | 36966TKS0 |  | 46568 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| PROLOGIS L P    1 25 30            DUE 10/15/30 | CORPORATE BONDS | 74340XBR1 |  | 8527 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| AXIS SPECIALTY FI 3 9 29            DUE 07/15/29 | CORPORATE BONDS | 05463HAB7 |  | 9687 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| SOUTHERN POWER C 4 15 25            DUE 12/01/25 | CORPORATE BONDS | 843646AM2 |  | 34971 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| THE WILLIAMS COMP 5 3 28            DUE 08/15/28 | CORPORATE BONDS | 969457CK4 |  | 10268 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| ONEOK INC          5 26            DUE 03/01/26 | CORPORATE BONDS | 682680BR3 |  | 20071 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| THE GOLDMAN SACH 5 25 26            DUE 09/15/26 | CORPORATE BONDS | 38141ET82 |  | 15086 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| PHILIP MORRIS I 5 125 27            DUE 11/17/27 | CORPORATE BONDS | 718172CV9 |  | 81560 | 80000 | PRN |  | SOLE |  | 0 | 0 | 80000 |
| THE GOLDMAN SACH 1 55 27            DUE 07/29/27 | CORPORATE BONDS | 38150AH24 |  | 23322 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| PUBLIC STORAGE  5 125 29            DUE 01/15/29 | CORPORATE BONDS | 74460WAF4 |  | 113369 | 110000 | PRN |  | SOLE |  | 0 | 0 | 110000 |
| THE GOLDMAN SACHS G 2 28            DUE 12/15/28 | CORPORATE BONDS | 38150AG90 |  | 18125 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| REALTY INCOME CO 0 75 26            DUE 03/15/26 | CORPORATE BONDS | 756109AZ7 |  | 38931 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| WELLS FARGO  CO  5 9 28            DUE 08/14/28 | CORPORATE BONDS | 95001DDT4 |  | 89096 | 89000 | PRN |  | SOLE |  | 0 | 0 | 89000 |
| THE GOLDMAN SACHS G 5 27            DUE 09/15/27 | CORPORATE BONDS | 38150AP58 |  | 9986 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| NEXTERA ENERGY CA 1 9 28            DUE 06/15/28 | CORPORATE BONDS | 65339KBW9 |  | 51284 | 55000 | PRN |  | SOLE |  | 0 | 0 | 55000 |
| CBOE GLOBAL MARK 3 65 27            DUE 01/12/27 | CORPORATE BONDS | 12503MAA6 |  | 49559 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| ONEOK INC       5 65 28            DUE 11/01/28 | CORPORATE BONDS | 682680BJ1 |  | 10332 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| ONEOK INC        5 8 30            DUE 11/01/30 | CORPORATE BONDS | 682680BK8 |  | 26117 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| THE GOLDMAN SACHS G 1 26            DUE 02/26/26 | CORPORATE BONDS | 38150AF34 |  | 4863 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| PARAMOUNT GLOBAL    4 26            DUE 01/15/26 | CORPORATE BONDS | 124857AQ6 |  | 4964 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| WILLIAMS PARTNER 3 75 27            DUE 06/15/27 | CORPORATE BONDS | 96949LAD7 |  | 4941 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| GILEAD SCIENCES  1 2 27            DUE 10/01/27 | CORPORATE BONDS | 375558BX0 |  | 116272 | 124000 | PRN |  | SOLE |  | 0 | 0 | 124000 |
| MORGAN STANLEY F STEP 29            DUE 10/29/29MULTI STEP CPN | CORPORATE BONDS | 61766YGP0 |  | 13341 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| FORD MOTOR CREDIT C 4 27            DUE 08/20/27 | CORPORATE BONDS | 34540TRS3 |  | 24224 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| MORGAN STANLEY      5 25            DUE 11/24/25 | CORPORATE BONDS | 6174467X1 |  | 40046 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| ALEXANDRIA REAL E 4 3 26            DUE 01/15/26 | CORPORATE BONDS | 015271AH2 |  | 14949 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| LOWE'S COMPANIES 1 3 28            DUE 04/15/28 | CORPORATE BONDS | 548661DX2 |  | 9247 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| EXTRA SPACE STORA 5 5 30            DUE 07/01/30 | CORPORATE BONDS | 30225VAK3 |  | 31083 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| FLUOR CORP       4 25 28            DUE 09/15/28 | CORPORATE BONDS | 343412AF9 |  | 34300 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| THE WILLIAMS COMP 5 4 26            DUE 03/02/26 | CORPORATE BONDS | 969457CH1 |  | 55252 | 55000 | PRN |  | SOLE |  | 0 | 0 | 55000 |
| CITIGROUP INC       3 31            DUE 08/30/31 | CORPORATE BONDS | 17298CH76 |  | 8872 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| REALTY INCOME COR 1 8 33            DUE 03/15/33 | CORPORATE BONDS | 756109BA1 |  | 80371 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| VEREIT OPERATING  2 2 28            DUE 06/15/28 | CORPORATE BONDS | 92340LAH2 |  | 23019 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| PHILIP MORRIS IN 1 75 30            DUE 11/01/30 | CORPORATE BONDS | 718172CS6 |  | 117540 | 135000 | PRN |  | SOLE |  | 0 | 0 | 135000 |
| THE GOLDMAN SACHS G 2 28            DUE 05/17/28 | CORPORATE BONDS | 38150AFQ3 |  | 13815 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| DUKE ENERGY CORP    5 27            DUE 12/08/27 | CORPORATE BONDS | 26441CBW4 |  | 20352 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| PHILLIPS 66       1 3 26            DUE 02/15/26 | CORPORATE BONDS | 718546AZ7 |  | 58598 | 60000 | PRN |  | SOLE |  | 0 | 0 | 60000 |
| SAN DIEGO GAS  E 1 7 30            DUE 10/01/30 | CORPORATE BONDS | 797440BZ6 |  | 86921 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| BAKER HUGHES HO 3 337 27            DUE 12/15/27 | CORPORATE BONDS | 05723KAE0 |  | 48819 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| JPMORGAN CHASE FI 5 2 28            DUE 04/28/28 | CORPORATE BONDS | 48133U5X6 |  | 10015 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| FRANKLIN RESOURCE 1 6 30            DUE 10/30/30 | CORPORATE BONDS | 354613AL5 |  | 12035 | 14000 | PRN |  | SOLE |  | 0 | 0 | 14000 |
| TOYOTA MOTOR CRE 5 45 27            DUE 11/10/27 | CORPORATE BONDS | 89236TKL8 |  | 20575 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| THE GOLDMAN SACH 1 65 27            DUE 06/10/27 | CORPORATE BONDS | 38150AGC3 |  | 37559 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| THE BANK OF NEW Y 1 9 29            DUE 01/25/29 | CORPORATE BONDS | 06406RAZ0 |  | 36899 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| JPMORGAN CHASE   VAR 27            DUE 09/22/27 | CORPORATE BONDS | 46647PCP9 |  | 28910 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| FORTINET INC     2 2 31            DUE 03/15/31 | CORPORATE BONDS | 34959EAB5 |  | 13196 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| ENTERPRISE PRODU 5 05 26            DUE 01/10/26 | CORPORATE BONDS | 29379VCC5 |  | 30062 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| JPMORGAN CHASE   1 6 30            DUE 12/23/30 | CORPORATE BONDS | 48128GY95 |  | 8286 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| SERVICENOW INC   1 4 30            DUE 09/01/30 | CORPORATE BONDS | 81762PAE2 |  | 8657 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| FORD MOTOR CO   4 346 26            DUE 12/08/26 | CORPORATE BONDS | 345370CR9 |  | 9888 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| HP INC              6 41            DUE 09/15/41 | CORPORATE BONDS | 428236BR3 |  | 80542 | 80000 | PRN |  | SOLE |  | 0 | 0 | 80000 |
| L3HARRIS TECHNOLO 5 4 27            DUE 01/15/27 | CORPORATE BONDS | 502431AP4 |  | 45743 | 45000 | PRN |  | SOLE |  | 0 | 0 | 45000 |
| WELLTOWER INC    2 05 29            DUE 01/15/29 | CORPORATE BONDS | 95040QAN4 |  | 36969 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| PHILLIPS 66 CO   4 95 27            DUE 12/01/27 | CORPORATE BONDS | 718547AT9 |  | 10151 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| SEMPRA            5 4 26            DUE 08/01/26 | CORPORATE BONDS | 816851BQ1 |  | 40351 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| CITIZENS FINL GRO 2 5 30            DUE 02/06/30 | CORPORATE BONDS | 174610AS4 |  | 9034 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| CITIGROUP INC       3 27            DUE 12/31/27 | CORPORATE BONDS | 17298CH35 |  | 47725 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| MID-AMERICA APART 1 1 26            DUE 09/15/26 | CORPORATE BONDS | 59523UAT4 |  | 28895 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| CITIGROUP INC       2 32            DUE 08/18/32 | CORPORATE BONDS | 17298CJY5 |  | 12128 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| NEXTERA ENERGY  5 749 25            DUE 09/01/25 | CORPORATE BONDS | 65339KBS8 |  | 15020 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| ONEOK INC       5 85 26            DUE 01/15/26 | CORPORATE BONDS | 682680BD4 |  | 15050 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| THE GOLDMAN SACHS G 5 30            DUE 11/15/30 | CORPORATE BONDS | 38141E3S6 |  | 10151 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| JPMORGAN CHASE  CO 2 28            DUE 11/14/28 | CORPORATE BONDS | 48128G3L2 |  | 27121 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| ONEOK INC       5 55 26            DUE 11/01/26 | CORPORATE BONDS | 682680BH5 |  | 50645 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| PHILLIPS 66      4 65 34            DUE 11/15/34 | CORPORATE BONDS | 718546AK0 |  | 95399 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| MORGAN STANLEY F 5 25 27  CALLED 100 EFF 10292025 | CORPORATE BONDS | 61766YLS8 |  | 15007 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| JEFFERIES FINL G 4 85 27            DUE 01/15/27 | CORPORATE BONDS | 47233JAG3 |  | 15099 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| ATHENE HOLDING  4 125 28            DUE 01/12/28 | CORPORATE BONDS | 04686JAA9 |  | 29675 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| CHENIERE CORPUS 5 125 27            DUE 06/30/27 | CORPORATE BONDS | 16412XAG0 |  | 10077 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| WASTE MANAGEMENT I 2 29            DUE 06/01/29 | CORPORATE BONDS | 94106LBQ1 |  | 9211 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| SIMON PROPERTY G 2 45 29            DUE 09/13/29 | CORPORATE BONDS | 828807DF1 |  | 46370 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| THE GOLDMAN SACHS G 1 26            DUE 08/17/26 | CORPORATE BONDS | 38150AET8 |  | 9539 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| PRUDENTIAL FINL 4 05 34            DUE 11/15/34 | CORPORATE BONDS | 74432AYZ7 |  | 22992 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| PHILIP MORRIS I 5 125 30            DUE 02/15/30 | CORPORATE BONDS | 718172DA4 |  | 30874 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| NTNL RURAL UTILI 1 35 31            DUE 03/15/31 | CORPORATE BONDS | 637432NW1 |  | 16845 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| THE GOLDMAN SACH 1 45 26            DUE 09/14/26 | CORPORATE BONDS | 38150AHN8 |  | 19125 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| WEC ENERGY GROUP 5 15 27            DUE 10/01/27 | CORPORATE BONDS | 92939UAJ5 |  | 40712 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| NEXTERA ENERGY  5 05 28            DUE 04/01/28 | CORPORATE BONDS | 341081GK7 |  | 25636 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| CVS HEALTH CORP     5 26            DUE 02/20/26 | CORPORATE BONDS | 126650DS6 |  | 44994 | 45000 | PRN |  | SOLE |  | 0 | 0 | 45000 |
| INTEL CORP        3 7 25            DUE 07/29/25 | CORPORATE BONDS | 458140AS9 |  | 99900 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| JACKSON FINL INC 5 17 27            DUE 06/08/27 | CORPORATE BONDS | 46817MAR8 |  | 40474 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| TRUIST FINL COR 1 125 27            DUE 08/03/27 | CORPORATE BONDS | 89788MAC6 |  | 122237 | 130000 | PRN |  | SOLE |  | 0 | 0 | 130000 |
| CITIGROUP INC       2 31            DUE 10/16/31 | CORPORATE BONDS | 17298CKL1 |  | 4994 | 6000 | PRN |  | SOLE |  | 0 | 0 | 6000 |
| JPMORGAN CHASE  CO 2 28            DUE 12/24/28 | CORPORATE BONDS | 48128G3E8 |  | 9016 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| 3M CO           2 375 29            DUE 08/26/29 | CORPORATE BONDS | 88579YBJ9 |  | 101927 | 110000 | PRN |  | SOLE |  | 0 | 0 | 110000 |
| THE GOLDMAN SACHS G 2 29            DUE 08/30/29 | CORPORATE BONDS | 38150AHF5 |  | 44345 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| LOWE'S COMPANIES 1 7 28            DUE 09/15/28 | CORPORATE BONDS | 548661ED5 |  | 83273 | 90000 | PRN |  | SOLE |  | 0 | 0 | 90000 |
| ENTERGY TEXAS I 1 75 31            DUE 03/15/31 | CORPORATE BONDS | 29365TAK0 |  | 86058 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| SABINE PASS LIQUEFA 5 27            DUE 03/15/27 | CORPORATE BONDS | 785592AS5 |  | 55335 | 55000 | PRN |  | SOLE |  | 0 | 0 | 55000 |
| TWDC ENTERPRISES 18 2 29            DUE 09/01/29 | CORPORATE BONDS | 254687FL5 |  | 36726 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| WELLS FARGO  CO STEP 29            DUE 10/31/29MULTI STEP CPN | CORPORATE BONDS | 95001DAY6 |  | 8817 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| CITIGROUP INC     3 7 26            DUE 01/12/26 | CORPORATE BONDS | 172967KG5 |  | 24879 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| AMGEN INC        5 15 28            DUE 03/02/28 | CORPORATE BONDS | 031162DP2 |  | 5102 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| THE TORONTO-DO5 156  28F            DUE 01/10/28 | FOREIGN BONDS (US $) | 89115A2M3 |  | 117390 | 115000 | PRN |  | SOLE |  | 0 | 0 | 115000 |
| BP CAPITAL MAR3 723  28F            DUE 11/28/28 | FOREIGN BONDS (US $) | 05565QDH8 |  | 49144 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| BANK NOVA SCOTI5 25  28F            DUE 06/12/28 | FOREIGN BONDS (US $) | 06418GAD9 |  | 149283 | 145000 | PRN |  | SOLE |  | 0 | 0 | 145000 |
| CANADIAN IMPER5 001  28F            DUE 04/28/28 | FOREIGN BONDS (US $) | 13607LNG4 |  | 10187 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| TRANSCANADA PI4 625  34F            DUE 03/01/34 | FOREIGN BONDS (US $) | 89352HAM1 |  | 95569 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| ENBRIDGE INC   4 25  26F            DUE 12/01/26 | FOREIGN BONDS (US $) | 29250NAL9 |  | 4981 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| THE TORONTO-DOM0 75  26F            DUE 01/06/26 | FOREIGN BONDS (US $) | 89114QCP1 |  | 24511 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| THE TORONTO-DOM1 95  27F            DUE 01/12/27 | FOREIGN BONDS (US $) | 89114TZN5 |  | 48341 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| BANK OF MONTRE5 203  28F            DUE 02/01/28 | FOREIGN BONDS (US $) | 06368LGV2 |  | 35793 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| ROYAL BANK OF CA5 2  28F            DUE 04/17/28 | FOREIGN BONDS (US $) | 78014RMC1 |  | 50011 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| SHELL INTERNTN2 875  26F            DUE 05/10/26 | FOREIGN BONDS (US $) | 822582BT8 |  | 24718 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| THE TORONTO-DOMI1 1  26F            DUE 09/20/26 | FOREIGN BONDS (US $) | 89114TR61 |  | 19130 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| ROYAL BANK OF C5 25  28F            DUE 04/28/28 | FOREIGN BONDS (US $) | 78014RMN7 |  | 20008 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| ROYAL BANK OF 0 875  26F            DUE 01/20/26 | FOREIGN BONDS (US $) | 78016EZM2 |  | 4902 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| BANK OF MONTREA1 25  26F            DUE 09/15/26 | FOREIGN BONDS (US $) | 06368FAC3 |  | 86849 | 90000 | PRN |  | SOLE |  | 0 | 0 | 90000 |
| THE TORONTO-DO5 532  26F            DUE 07/17/26 | FOREIGN BONDS (US $) | 89115A2S0 |  | 15187 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| TRANSCANADA PI4 875  26F            DUE 01/15/26 | FOREIGN BONDS (US $) | 89352HAT6 |  | 55007 | 55000 | PRN |  | SOLE |  | 0 | 0 | 55000 |
| BARCLAYS BANK PLC 4  26F            DUE 10/15/26 | FOREIGN BONDS (US $) | 06738JGY4 |  | 7912 | 8000 | PRN |  | SOLE |  | 0 | 0 | 8000 |
| VODAFONE GROUP4 375  28F            DUE 05/30/28 | FOREIGN BONDS (US $) | 92857WBK5 |  | 35651 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| THE BANK OF NOVA4 5  25F            DUE 12/16/25 | FOREIGN BONDS (US $) | 064159HB5 |  | 49960 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| SUNCOR ENERGY INC NEW  F | FOREIGN CANADIAN | 867224107 |  | 99243 | 2650 | SH |  | SOLE |  | 0 | 0 | 2650 |
| STELLANTIS N V         F | FOREIGN ORDINARIES | N82405106 |  | 37984 | 3787 | SH |  | SOLE |  | 0 | 0 | 3787 |
| ENTERPRISE PRODS PART LP | LIMITED PARTNERSHP | 293792107 |  | 614556 | 19818 | SH |  | SOLE |  | 0 | 0 | 19818 |
| ALLIANCEBERNSTEIN HLD LP | LIMITED PARTNERSHP | 01881G106 |  | 631232 | 15460 | SH |  | SOLE |  | 0 | 0 | 15460 |
| ARLINGTON TEX HIGHE 4 44CHAR EDUC   DUE 08/15/44OID XTRO | MUNI BONDS | 041806DV9 |  | 133017 | 150000 | PRN |  | SOLE |  | 0 | 0 | 150000 |
| LANCASTER TEX       4 35GO LTX      DUE 02/15/35 | MUNI BONDS | 514444ZJ0 |  | 20003 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| NORMAN OKLA      2 25 30GO UTX      DUE 06/01/30OID | MUNI BONDS | 656168RB9 |  | 28009 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| WICHITA KANS        2 33DB UTX      DUE 06/01/33 | MUNI BONDS | 967245UJ8 |  | 33622 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| LOUISIANA PUB FACS  3 31SYST HLTH   DUE 05/15/31OID XTRO | MUNI BONDS | 546399DP8 |  | 23961 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| LANSING MICH TA 3 655 29DB UTX      DUE 06/01/29TAXBL | MUNI BONDS | 516447CC1 |  | 24503 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| GRAND RIVER DAM AUT 4 38ELEC UTIL   DUE 06/01/38 | MUNI BONDS | 386442WY9 |  | 19755 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| NEW YORK TRANSN DEV 4 35AIR TRAN    DUE 07/01/35XTRO AMT | MUNI BONDS | 650116AM8 |  | 99062 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| MC HENRY CNTY ILL 1 5 26GO UTX      DUE 12/30/26 | MUNI BONDS | 580818GH9 |  | 77296 | 80000 | PRN |  | SOLE |  | 0 | 0 | 80000 |
| UNION CNTY N C  1 375 30WRSR UTIL   DUE 06/01/30 | MUNI BONDS | 906400FQ4 |  | 22010 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| UCF STAD CORP FLA 3 5 32FAC EDUC    DUE 03/01/32OID | MUNI BONDS | 90350TAS2 |  | 30015 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| OTTAWA CNTY MICH  3 7 28GO LTX      DUE 11/01/28OID TAXBL | MUNI BONDS | 689225TT7 |  | 9888 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| LOWER COLO RIV AUTH 4 35ELEC UTIL   DUE 05/15/35 | MUNI BONDS | 54811BQU8 |  | 34835 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| CHARLOTTE N C       2 34GO UTX      DUE 06/01/34 | MUNI BONDS | 161035LL2 |  | 63803 | 75000 | PRN |  | SOLE |  | 0 | 0 | 75000 |
| MIDWEST CITY OKL 4 25 38RTL IDR     DUE 02/01/38XTRO TAXBL | MUNI BONDS | 598292AR1 |  | 46068 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| GREENSBORO N C  1 671 31PKG BLDG    DUE 11/01/31TAXBL | MUNI BONDS | 395476EN0 |  | 42753 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| NEW ORLEANS LA      3 32GO UTX      DUE 12/01/32 | MUNI BONDS | 64763FWL9 |  | 14364 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| HARRIS CNTY TEX MUN 3 28GO UTX      DUE 09/01/28 | MUNI BONDS | 413910ED8 |  | 24958 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| RAMAPO N Y LOC DEV  5 41REV LTX     DUE 03/15/41 | MUNI BONDS | 751435AN8 |  | 95737 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| UNIVERSITY N C WILM 4 34STHG EDUC   DUE 06/01/34XTRO | MUNI BONDS | 91472TBH6 |  | 15013 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| CHAMBERS CNTY TE 3 75 28GO UTX      DUE 09/01/28 | MUNI BONDS | 157792KH4 |  | 34767 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| FOND DU LAC WIS WTR 4 26WTR UTIL    DUE 09/01/26 | MUNI BONDS | 344532MH6 |  | 50661 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| FULTON CNTY GA DEV  4 31SYST HLTH   DUE 07/01/31 | MUNI BONDS | 3599008A8 |  | 10046 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| AURORA ILL      3 125 32GO UTX      DUE 12/30/32OID | MUNI BONDS | 051645Q44 |  | 96514 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| TEXAS WOMANS UNIV R 4 34PUB EDUC    DUE 07/01/34 | MUNI BONDS | 882874GL8 |  | 5010 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| LAVACA-NAVIDAD R 3 25 28WRSR UTIL   DUE 08/01/28OID | MUNI BONDS | 519385EX2 |  | 4974 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| UNIVERSITY OKLA REV 4 40PUB EDUC    DUE 07/01/40OID | MUNI BONDS | 91476PNP9 |  | 23333 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| ROCKETT TEX SPL U 3 1 30WTR UTIL    DUE 07/10/30ASSURED GUARANTY MUN | MUNI BONDS | 773138GW6 |  | 48794 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| ARLINGTON TEX HIGHE 4 39CHAR EDUC   DUE 08/15/39OID XTRO | MUNI BONDS | 041806EP1 |  | 93407 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| BRUSHY CREEK MUN 2 25 33GO UTX      DUE 06/01/33OID | MUNI BONDS | 117464TU1 |  | 41769 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| KING CNTY WASH HSG  4 27MULT HSG    DUE 08/01/27 | MUNI BONDS | 494762NT0 |  | 50703 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| FORT BEND CNTY  3 125 29GO UTX      DUE 09/01/29OID ASSURED GUARANTY MUN | MUNI BONDS | 34682JKP6 |  | 4946 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| TEXAS ST        4 631 33GO UTX      DUE 04/01/33XTRO TAXBL | MUNI BONDS | 882722VP3 |  | 25085 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| KELLER TEX          2 26GO LTX      DUE 02/15/26 | MUNI BONDS | 487685BB4 |  | 49558 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| NEW YORK N Y CIT 3 05 49MULT HSG    DUE 11/01/49XTRO | MUNI BONDS | 64972ELD9 |  | 10753 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| KENTUCKY INC KY PUB 4 29OILG IDR    DUE 08/01/29XTRO | MUNI BONDS | 74440DDP6 |  | 50448 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| HOLLAND MICH     3 35 27GO LTX      DUE 12/01/27TAXBL | MUNI BONDS | 435164TX6 |  | 24678 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| UNIVERSITY OKLA R 2 9 26PUB EDUC    DUE 07/01/26TAXBL | MUNI BONDS | 91476PQU5 |  | 14818 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| OKLAHOMA ST MUN 3 125 41ELEC UTIL   DUE 01/01/41OID | MUNI BONDS | 67910HQB9 |  | 7922 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| METROPOLITAN TRANSN 4 36COMB TRAN   DUE 11/15/36XTRO | MUNI BONDS | 59261AFR3 |  | 147044 | 150000 | PRN |  | SOLE |  | 0 | 0 | 150000 |
| SAN LEANDRO CAL 3 625 27MUNI BLDG   DUE 12/01/27OID XTRO | MUNI BONDS | 798451AQ3 |  | 85047 | 85000 | PRN |  | SOLE |  | 0 | 0 | 85000 |
| ELGIN ILL           2 25GO UTX      DUE 12/15/25 | MUNI BONDS | 2862997Y2 |  | 89256 | 90000 | PRN |  | SOLE |  | 0 | 0 | 90000 |
| COLUMBUS CNTY N C 3 5 35WRSR UTIL   DUE 06/01/35OID | MUNI BONDS | 199049AR8 |  | 9416 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| HARRIS CNTY TEX CUL 4 36SERV EDR    DUE 11/15/36XTRO | MUNI BONDS | 41401PCT8 |  | 28871 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| LAKE CNTY ILL WTR  2 30WRSR UTIL   DUE 12/01/30 | MUNI BONDS | 509300WE5 |  | 31492 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| ARAPAHOE CNTY CO 2 25 34GO UTX      DUE 12/01/34OID | MUNI BONDS | 03871LDC4 |  | 83601 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| GREENSBORO N C L 1 67 28REV UTX     DUE 04/01/28TAXBL | MUNI BONDS | 395476FU3 |  | 9360 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| UNIVERSITY N C  2 479 25PUB EDUC    DUE 12/01/25XTRO TAXBL | MUNI BONDS | 914713N65 |  | 9926 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| TOPEKA KANS         2 27DB UTX      DUE 08/15/27 | MUNI BONDS | 8905684J4 |  | 14476 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| KERRVILLE TEX   3 375 32DB LTX      DUE 08/15/32 | MUNI BONDS | 492422PD6 |  | 49287 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| CHANNAHON ILL FIRE  3 32DB UTX      DUE 01/01/32 | MUNI BONDS | 15913TAY6 |  | 72128 | 75000 | PRN |  | SOLE |  | 0 | 0 | 75000 |
| KALAMAZOO MICH HOSP 4 36SYST HLTH   DUE 05/15/36XTRO | MUNI BONDS | 483233RK0 |  | 24395 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| UNIVERSITY OKLA  3 75 33PUB EDUC    DUE 07/01/33OID | MUNI BONDS | 91476PKV9 |  | 9629 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| APPALACHIAN ST  3 375 32PUB EDUC    DUE 07/15/32OID | MUNI BONDS | 037777TG4 |  | 11794 | 12000 | PRN |  | SOLE |  | 0 | 0 | 12000 |
| FORSYTH MONT POLL 3 9 31ELEC PCR    DUE 03/01/31XTRO | MUNI BONDS | 346668DH6 |  | 9967 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| BRIDGESTONE MUN UTI 3 33DB UTX      DUE 05/01/33OID | MUNI BONDS | 108443SA1 |  | 46149 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| TULSA CNTY OKLA IND 4 29FAC BLDG    DUE 02/01/29XTRO | MUNI BONDS | 899521CD8 |  | 46026 | 45000 | PRN |  | SOLE |  | 0 | 0 | 45000 |
| JOHNSTON CNTY N C 1 5 30GO UTX      DUE 02/01/30 | MUNI BONDS | 479340WP2 |  | 45010 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| HIDALGO CNTY TE 4 044 30GO LTX      DUE 08/15/30TAXBL | MUNI BONDS | 429326ZV6 |  | 9954 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| LAKE CNTY ILL WTR  2 31WRSR UTIL   DUE 12/01/31 | MUNI BONDS | 509300WF2 |  | 70143 | 80000 | PRN |  | SOLE |  | 0 | 0 | 80000 |
| GULF COAST WASTE DI 5 33SWR UTIL    DUE 10/01/33XTRO ASSURED GUARANTY MU | MUNI BONDS | 401905FJ8 |  | 200738 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| DALLAS TEX HOTEL OC 4 35SERV TAX    DUE 08/15/35 | MUNI BONDS | 235286AP6 |  | 98059 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| TEXAS MUN PWR AGY R 3 30PWR UTIL    DUE 09/01/30 | MUNI BONDS | 882555ZN8 |  | 49557 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| MONTGOMERY CNTY TEX 3 32GO UTX      DUE 09/01/32OID | MUNI BONDS | 61370PLX4 |  | 71279 | 75000 | PRN |  | SOLE |  | 0 | 0 | 75000 |
| NEW HANOVER CNT 3 125 33HOSP HLTH   DUE 10/01/33OID XTRO | MUNI BONDS | 644804FE1 |  | 25227 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| OKLAHOMA ST WTR RES 3 35WRSR UTIL   DUE 10/01/35OID XTRO | MUNI BONDS | 67920QLY2 |  | 22829 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| UNIVERSITY OKLA REV 3 33PUB EDUC    DUE 07/01/33OID | MUNI BONDS | 91476PRV2 |  | 23428 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| CAROL STREAM ILL PK 5 37GO UTX      DUE 01/01/37 | MUNI BONDS | 143735YT9 |  | 25265 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| GEORGIA ST HSG  2 45 28SING HSG    DUE 12/01/28XTRO | MUNI BONDS | 37353PCV9 |  | 24282 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| HARNETT CNTY N C  3 5 36SPLO        DUE 06/01/36OID | MUNI BONDS | 41333TAT5 |  | 4797 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| HARRIS CNTY TEX HOS 4 34DIST HLTH   DUE 02/15/34 | MUNI BONDS | 41415WCM2 |  | 49881 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| PORT FREEPORT T 4 125 32PA TRAN     DUE 06/01/32OID | MUNI BONDS | 73412PAS2 |  | 14999 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| COLUMBUS CNTY N C L 4 32WRSR UTIL   DUE 06/01/32 | MUNI BONDS | 199049AU1 |  | 25002 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| TARRANT CNTY TEX CU 4 42SYST HLTH   DUE 11/15/42XTRO | MUNI BONDS | 87638QPR4 |  | 92100 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| ILLINOIS FIN AUTH R 5 36EXCISE TAX  DUE 12/01/36 | MUNI BONDS | 45203H7X4 |  | 50367 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| ILLINOIS HSG DEV  1 4 30SING HSG    DUE 10/01/30XTRO | MUNI BONDS | 45201Y7Y7 |  | 132629 | 150000 | PRN |  | SOLE |  | 0 | 0 | 150000 |
| KANSAS ST DEV F 3 125 35PUB EDUC    DUE 03/01/35OID XTRO | MUNI BONDS | 4854292S2 |  | 13621 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| MICHIGAN ST      3 59 26GO UTX      DUE 12/01/26TAXBL | MUNI BONDS | 594612BS1 |  | 29841 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| DANSVILLE MICH SCHS 4 32GO UTX      DUE 05/01/32 | MUNI BONDS | 236388BN3 |  | 15082 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| BOSSIER PARISH LA P 4 29GO UTX      DUE 03/01/29 | MUNI BONDS | 100272KE2 |  | 35208 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| COUNCIL ROCK PA SCH 2 32GO LTX      DUE 11/15/32 | MUNI BONDS | 222263L78 |  | 17067 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| NEW HAVEN MICH C 2 76 27GO UTX      DUE 05/01/27TAXBL | MUNI BONDS | 645172LA3 |  | 19541 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| CLINTON OKLA PUB WK 4 34LEAS SCH    DUE 10/01/34OID XTRO | MUNI BONDS | 188411AT9 |  | 10137 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| KANSAS ST DEV FIN A 3 33PUB EDUC    DUE 03/01/33OID XTRO | MUNI BONDS | 4854292Q6 |  | 14140 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| WILMINGTON N C    4 1 32GO UTX      DUE 06/01/32TAXBL | MUNI BONDS | 971668N95 |  | 20006 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| BURLESON TEX WTR   4 30WRSR UTIL   DUE 03/01/30 | MUNI BONDS | 121410QB3 |  | 250018 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| METROPOLITAN TRANSN 4 32COMB TRAN   DUE 11/15/32XTRO | MUNI BONDS | 59261AJW8 |  | 140512 | 140000 | PRN |  | SOLE |  | 0 | 0 | 140000 |
| FORT BEND CNTY T 2 75 35GO UTX      DUE 09/01/35OID | MUNI BONDS | 34680CES4 |  | 41640 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| SEDGWICK CNTY KANS  3 34GO UTX      DUE 11/01/34 | MUNI BONDS | 815645PK6 |  | 9264 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| CUMBERLAND CNTY PA  4 35SYST HLTH   DUE 11/01/35XTRO | MUNI BONDS | 230614NX3 |  | 34573 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| WILMINGTON N C L 1 13 26FAC REC     DUE 06/01/26TAXBL | MUNI BONDS | 971697JK4 |  | 9731 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| LIBERTY TEX         2 27GO LTX      DUE 03/01/27 | MUNI BONDS | 531286NM0 |  | 48570 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| LYNWOOD CALIF HSG A 4 29MULT HSG    DUE 09/01/29OID TAXBL | MUNI BONDS | 55178CAG8 |  | 9736 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| BRANCH CNTY MICH BL 4 32REV UTX     DUE 05/01/32 | MUNI BONDS | 105173MF2 |  | 51352 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| EVANSTON ILL        2 31GO UTX      DUE 12/01/31 | MUNI BONDS | 299228JD9 |  | 87679 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| CHARLOTTE-MECKLENBU 4 39SYST HLTH   DUE 01/15/39OID XTRO | MUNI BONDS | 160853RS8 |  | 1923 | 2000 | PRN |  | SOLE |  | 0 | 0 | 2000 |
| VIRIDIAN MUN MGMT D 2 34DB UTX      DUE 12/01/34OID | MUNI BONDS | 92823PNH5 |  | 77280 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| TEXAS ST UNIV SYS F 3 34PUB EDUC    DUE 03/15/34 | MUNI BONDS | 88278PC69 |  | 60657 | 65000 | PRN |  | SOLE |  | 0 | 0 | 65000 |
| TENNESSEE HSG DE 1 95 30SING HSG    DUE 07/01/30XTRO | MUNI BONDS | 880461W38 |  | 9047 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| FLORIDA HSG FIN  1 75 33SING HSG    DUE 07/01/33XTRO | MUNI BONDS | 34074MXR7 |  | 40355 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| CLINTON OKLA PUB WK 4 34COMB TAX    DUE 12/01/34XTRO BUILD AMERICA MUTUA | MUNI BONDS | 188408AN8 |  | 100009 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| HARRIS CNTY TEX HOS 4 31DIST HLTH   DUE 02/15/31 | MUNI BONDS | 41415WCJ9 |  | 100243 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| HARRIS CNTY TEX MUN 2 25DB UTX      DUE 09/01/25 | MUNI BONDS | 414199PD5 |  | 69746 | 70000 | PRN |  | SOLE |  | 0 | 0 | 70000 |
| HARRIS CNTY TEX M 2 5 26GO UTX      DUE 09/01/26OID HARRIS CNTY TEX MUN | MUNI BONDS | 41421DSC1 |  | 4946 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| OKLAHOMA DEV FI 4 851 45COMB IDR    DUE 02/01/45TAXBL | MUNI BONDS | 6789084A9 |  | 48947 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| COOK CNTY ILL SCH D 3 35GO LTX      DUE 12/01/35 | MUNI BONDS | 213759HL0 |  | 90228 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| CHAMBERS CNTY TEX I 4 29GO UTX      DUE 09/01/29 | MUNI BONDS | 157792QM7 |  | 50871 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| VIRIDIAN MUN MGMT D 1 29DB UTX      DUE 12/01/29OID | MUNI BONDS | 92823PML7 |  | 63684 | 75000 | PRN |  | SOLE |  | 0 | 0 | 75000 |
| JOHNSON CNTY KAN 2 25 29WTR UTIL    DUE 07/01/29OID | MUNI BONDS | 47875PCE5 |  | 47374 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| LOVE CNTY OKLA EDL  4 28LEAS SCH    DUE 12/01/28XTRO | MUNI BONDS | 54713PBF5 |  | 35854 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| JOHNSON CNTY KA 3 625 34MUNI BLDG   DUE 09/01/34OID XTRO | MUNI BONDS | 478497XX3 |  | 100007 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| RAMAPO N Y LOC DEV  5 28REV LTX     DUE 03/15/28 | MUNI BONDS | 751435AL2 |  | 10000 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| RICHMOND CNTY GA HO 3 32SYST HLTH   DUE 01/01/32OID XTRO | MUNI BONDS | 764603BR6 |  | 19630 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| OK DFA LSE          4 28IMPT EDUC   DUE 06/01/28XTRO | MUNI BONDS | 67884FU95 |  | 10086 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| CHAMPAIGN  VERMILL 3 33GO UTX      DUE 12/01/33 | MUNI BONDS | 158159CE1 |  | 85078 | 90000 | PRN |  | SOLE |  | 0 | 0 | 90000 |
| ILLINOIS HSG DEV  0 9 28SING HSG    DUE 10/01/28XTRO | MUNI BONDS | 45201Y7U5 |  | 67875 | 75000 | PRN |  | SOLE |  | 0 | 0 | 75000 |
| TULSA OKLA INDL  3 75 26UNIV EDUC   DUE 10/01/26OID | MUNI BONDS | 89965QAZ1 |  | 24848 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| LAKES FRESH WTR SUP 2 33GO UTX      DUE 09/01/33 | MUNI BONDS | 51207MCN3 |  | 40436 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| AVONDALE MICH SCH D 4 32GO UTX      DUE 05/01/32 | MUNI BONDS | 054375UT5 |  | 15541 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| PORT FREEPORT T 4 125 31PA TRAN     DUE 06/01/31OID | MUNI BONDS | 73412PAR4 |  | 100008 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| NEW YORK ST DOR 4 625 27POOL EDR    DUE 06/01/27OID XTRO | MUNI BONDS | 649903E64 |  | 100150 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| MISSION TEX REDEV A 4 27TAXI TAX    DUE 09/01/27 | MUNI BONDS | 605171BS5 |  | 35003 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| KANE COOK  DU PA 1 5 29GO UTX      DUE 12/15/29 | MUNI BONDS | 483854JH9 |  | 89587 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| NEW YORK ST DORM AU 5 45UNIV EDUC   DUE 07/01/45 | MUNI BONDS | 64990BQK2 |  | 236070 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| WILMINGTON N C L 1 88 29FAC REC     DUE 06/01/29TAXBL | MUNI BONDS | 971697JN8 |  | 9204 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| OKLAHOMA ST UNIV AG 4 39PUB EDUC    DUE 09/01/39 | MUNI BONDS | 679191KP0 |  | 9806 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| WESTERN CAROLINA UN 4 39STHG EDUC   DUE 06/01/39XTRO | MUNI BONDS | 957897JU6 |  | 9681 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| SAN FELIPE DEL RIO  4 32GO UTX      DUE 08/15/32 | MUNI BONDS | 797550HX1 |  | 100871 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| BRYAN CNTY OKLA SCH 4 26EXCISE TAX  DUE 12/01/26XTRO | MUNI BONDS | 117510BL0 |  | 25387 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| OKLAHOMA AGRIC  4 347 47PUB EDUC    DUE 08/01/47TAXBL | MUNI BONDS | 678505JP4 |  | 8554 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| KANNAPOLIS N C  2 153 33PKG         DUE 04/01/33TAXBL | MUNI BONDS | 484580CL7 |  | 21062 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| LOWER COLO RIV AUTH 4 40ELEC UTIL   DUE 05/15/40OID ASSURED GUARANTY MUN | MUNI BONDS | 54811BPV7 |  | 58367 | 62000 | PRN |  | SOLE |  | 0 | 0 | 62000 |
| SAN JACINTO TEX R 4 5 27WTR UTIL    DUE 10/01/27OID ASSURED GUARANTY MUN | MUNI BONDS | 798055MU0 |  | 45049 | 45000 | PRN |  | SOLE |  | 0 | 0 | 45000 |
| MAINE MUN BD BK 5 093 25MUBB        DUE 11/01/25XTRO TAXBL | MUNI BONDS | 5604595E5 |  | 10020 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| HOUSTON TEX INDPT S 4 38GO LTX      DUE 02/15/38 | MUNI BONDS | 442403LG4 |  | 48969 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| BLACKMAN TWP MICH   4 32GO UTX      DUE 05/01/32 | MUNI BONDS | 092446CB7 |  | 30646 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| BUNCOMBE CNTY N C 2 4 30REV LTX     DUE 06/01/30TAXBL | MUNI BONDS | 120525HY9 |  | 9186 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| NORTH TEX TWY AUTH  0 28TOLL TRAN   DUE 01/01/28OID ASSURED GUARANTY COR | MUNI BONDS | 66285WBT2 |  | 60061 | 65000 | PRN |  | SOLE |  | 0 | 0 | 65000 |
| COBB CNTY GA DEV AU 4 30STHG EDUC   DUE 07/15/30XTRO | MUNI BONDS | 19078VBX5 |  | 5179 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| UNIVERSITY N C  2 127 31PUB EDUC    DUE 04/01/31XTRO TAXBL | MUNI BONDS | 914716V93 |  | 4491 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| ORLAND PARK ILL     3 46DB UTX      DUE 12/01/46 | MUNI BONDS | 686356SP2 |  | 74370 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| HARRIS CNTY TEX M 3 5 33WRSR UTIL   DUE 12/01/33OID | MUNI BONDS | 41422PEW4 |  | 4731 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| VAN ALSTYNE TEX     2 36DB LTX      DUE 02/15/36 | MUNI BONDS | 920494FQ9 |  | 38751 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| SAN ANTONIO TEX PUB 4 42CONV BLDG   DUE 09/15/42OID XTRO | MUNI BONDS | 796334AS9 |  | 38100 | 42000 | PRN |  | SOLE |  | 0 | 0 | 42000 |
| ARIZONA INDL DEV AU 4 28CHAR EDUC   DUE 11/01/28XTRO | MUNI BONDS | 04052FCC7 |  | 50768 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| SCAGO EDL FACS  4 118 26IMPT SCH    DUE 12/01/26XTRO TAXBL BUILD AMERICA | MUNI BONDS | 80585RAS4 |  | 19972 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| SEDGWICK CNTY KANS  4 29FAC BLDG    DUE 08/01/29 | MUNI BONDS | 81533PJP6 |  | 200148 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| CAROL STREAM ILL PK 5 37GO UTX      DUE 01/01/37 | MUNI BONDS | 143735YV4 |  | 75671 | 75000 | PRN |  | SOLE |  | 0 | 0 | 75000 |
| ALBANY-DOUGHERTY GA 4 32STHG EDUC   DUE 06/01/32XTRO | MUNI BONDS | 012173JC5 |  | 10138 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| LUBBOCK COOPER TEX  2 27GO UTX      DUE 02/15/27 | MUNI BONDS | 549108XU7 |  | 48892 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| INFIRMARY HEALTH SY 3 29SYST HLTH   DUE 02/01/29OID XTRO | MUNI BONDS | 45663NBR2 |  | 4878 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| CALIFORNIA ST   4 988 39GO UTX      DUE 04/01/39XTRO TAXBL | MUNI BONDS | 13063BN81 |  | 9523 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| UNIVERSITY HAWAI 3 65 31PUB EDUC    DUE 10/01/31XTRO TAXBL | MUNI BONDS | 91428LMF0 |  | 19356 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| AUSTIN TEX CMNTY CO 4 35COLL EDUC   DUE 08/01/35XTRO | MUNI BONDS | 052405FE2 |  | 249998 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| NEW ORLEANS LA  3 625 31GO UTX      DUE 12/01/31OID | MUNI BONDS | 64763FVN6 |  | 10013 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| SOUTH BROWARD HO 3 25 31SYST HLTH   DUE 05/01/31OID XTRO | MUNI BONDS | 836753MV2 |  | 49245 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| DURHAM N C LTD O 1 35 29VP          DUE 10/01/29TAXBL | MUNI BONDS | 26678PGB0 |  | 4438 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| ILLINOIS HSG DEV  1 4 29SING HSG    DUE 10/01/29XTRO | MUNI BONDS | 45203MAS0 |  | 13497 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| NORTH CAROLINA CENT 3 34PUB EDUC    DUE 10/01/34OID | MUNI BONDS | 65819PCL0 |  | 9179 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| DALLAS TEX WTRW 3 125 32WRSR UTIL   DUE 10/01/32OID | MUNI BONDS | 2354164Y7 |  | 43957 | 45000 | PRN |  | SOLE |  | 0 | 0 | 45000 |
| NORTH CAROLINA H 1 45 30SING HSG    DUE 01/01/30XTRO | MUNI BONDS | 658207K79 |  | 45225 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| FORT BEND CNTY TEX  3 28GO UTX      DUE 09/01/28OID BUILD AMERICA MUTUAL | MUNI BONDS | 34683CJK3 |  | 9907 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| FLORIDA HSG FIN COR 2 32SING HSG    DUE 07/01/32XTRO | MUNI BONDS | 34074MUF6 |  | 44294 | 50000 | PRN |  | SOLE |  | 0 | 0 | 50000 |
| OKLAHOMA DEV FIN AU 4 29IMPT EDUC   DUE 06/01/29XTRO | MUNI BONDS | 67884GEZ3 |  | 41422 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| GRAND RAPIDS MICH W 5 36WTR UTIL    DUE 01/01/36 | MUNI BONDS | 386316ND1 |  | 10081 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| OKLAHOMA ST WTR 3 125 34POOL AUTH   DUE 04/01/34OID XTRO | MUNI BONDS | 67919PMJ9 |  | 9539 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| TULSA OKLA ARPTS  3 5 27AIR TRAN    DUE 06/01/27XTRO TAXBL | MUNI BONDS | 899647RM5 |  | 29660 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| BUTLER CNTY KANS UN 3 34GO UTX      DUE 09/01/34 | MUNI BONDS | 123425HE3 |  | 37368 | 40000 | PRN |  | SOLE |  | 0 | 0 | 40000 |
| KAUFMAN CNTY TEX MU 4 35GO UTX      DUE 09/01/35OID | MUNI BONDS | 486190EN7 |  | 100003 | 100000 | PRN |  | SOLE |  | 0 | 0 | 100000 |
| CARTER CNTY OKLA PU 4 29LEAS SCH    DUE 12/01/29XTRO | MUNI BONDS | 146201EQ7 |  | 20726 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| NORTH TEX TWY AUTH  4 39TOLL TRAN   DUE 01/01/39 | MUNI BONDS | 66285WSS6 |  | 330544 | 350000 | PRN |  | SOLE |  | 0 | 0 | 350000 |
| UNIVERSITY OKLA REV 4 39PUB EDUC    DUE 07/01/39OID | MUNI BONDS | 91476PNN4 |  | 4732 | 5000 | PRN |  | SOLE |  | 0 | 0 | 5000 |
| TVA VAR 06/01/ 2 134 PFD            DUE 06/01/28SUBJ TO XTRO REDEMPTION | PREFERRED DEBT | 880591300 |  | 117866 | 5037 | SH |  | SOLE |  | 0 | 0 | 5037 |
| GABELLI UTIL  5 375  PFDPFD SER C | PREFERRED DEBT | 36240A408 |  | 11228 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| RIVERNORTH/DO  4 75  PFDPFD SER B | PREFERRED DEBT | 76882G404 |  | 36880 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| THE GABELLI   5 125  PFDPFD SER E | PREFERRED STOCK | 36239Q505 |  | 24530 | 1100 | SH |  | SOLE |  | 0 | 0 | 1100 |
| RIVERNORTH OPPTY  6  PFDPFD SER A | PREFERRED STOCK | 76881Y208 |  | 11665 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| PUBLIC STORAG  5 05  PFDPFD SER G | PREFERRED STOCK | 74460W669 |  | 20020 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| ABRDN ASSET M  5 25  PFDPFD SER A | PREFERRED STOCK | 003057205 |  | 150234 | 7300 | SH |  | SOLE |  | 0 | 0 | 7300 |
| NORTHERN TRUST  4 7  PFDPFD SER E | PREFERRED STOCK | 665859856 |  | 227874 | 11650 | SH |  | SOLE |  | 0 | 0 | 11650 |
| PUBLIC STORA  4 625  PFDPFD SER L | PREFERRED STOCK | 74460W552 |  | 47476 | 2600 | SH |  | SOLE |  | 0 | 0 | 2600 |
| THE GABELLI   5 125  PFDPFD SER G | PREFERRED STOCK | 36239Q604 |  | 200183 | 8997 | SH |  | SOLE |  | 0 | 0 | 8997 |
| FLAGSTAR FIN  6 375  PFDPFD SER A | PREFERRED STOCK | 649445202 |  | 8244 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| GABELLI EQUITY T  5  PFDPFD SER K | PREFERRED STOCK | 362397846 |  | 53378 | 2600 | SH |  | SOLE |  | 0 | 0 | 2600 |
| GAMCO NATURAL   5 2  PFDPFD SER A | PREFERRED STOCK | 36465E200 |  | 15016 | 703 | SH |  | SOLE |  | 0 | 0 | 703 |
| GAMCO INVESTORS  5  PFDPFD SER G | PREFERRED STOCK | 362397176 |  | 210532 | 10300 | SH |  | SOLE |  | 0 | 0 | 10300 |
| ATLANTIC UNI  6 875  PFDPFD SER A | PREFERRED STOCK | 04911A206 |  | 7245 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| GABELLI DIVID  4 25  PFDPFD SER K | PREFERRED STOCK | 36242H864 |  | 269855 | 14714 | SH |  | SOLE |  | 0 | 0 | 14714 |
| FRANKLIN BSP R  7 5  PFDPFD SER E | PREFERRED STOCK | 35243J200 |  | 84924 | 4200 | SH |  | SOLE |  | 0 | 0 | 4200 |
| PUBLIC STORAG  5 15  PFDPFD SER F | PREFERRED STOCK | 74460W685 |  | 91530 | 4500 | SH |  | SOLE |  | 0 | 0 | 4500 |
| BANCROFT 5 3  5 375  PFDPFD SER A | PREFERRED STOCK | 059702209 |  | 206481 | 9482 | SH |  | SOLE |  | 0 | 0 | 9482 |
| GABELLI DVD   5 375  PFDPFD SER H | PREFERRED STOCK | 36242H880 |  | 22750 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| REALTY INCOME CORP      REIT | REAL ESTATE INVESTME | 756109104 |  | 38426 | 667 | SH |  | SOLE |  | 0 | 0 | 667 |
| AMERICAN TOWER CORP NEW REIT | REAL ESTATE INVESTME | 03027X100 |  | 51056 | 231 | SH |  | SOLE |  | 0 | 0 | 231 |
| SPDR PORTFOLIO DEVELOPEDWORLD EX-US | UIT EXCHANGE TRADED | 78463X889 |  | 486 | 12 | SH |  | SOLE |  | 0 | 0 | 12 |
| VANGUARD MUNI BND TAX   EXEMPT ETF | UIT EXCHANGE TRADED | 922907746 |  | 138755 | 2830 | SH |  | SOLE |  | 0 | 0 | 2830 |
| ISHARES INTERNATIONAL   EQUITY FCT ETF | UIT EXCHANGE TRADED | 46434V274 |  | 70822 | 2069 | SH |  | SOLE |  | 0 | 0 | 2069 |
| ISHARES IBONDS 2026 TERMHIGH YIELD | UIT EXCHANGE TRADED | 46436E528 |  | 246586 | 10615 | SH |  | SOLE |  | 0 | 0 | 10615 |
| SELECT SECTOR INDUSTRIALSPDR ETF | UIT EXCHANGE TRADED | 81369Y704 |  | 2307655 | 15643 | SH |  | SOLE |  | 0 | 0 | 15643 |
| FIRST TRUST NORTH       AMERICAN ENERG ETF | UIT EXCHANGE TRADED | 33738D101 |  | 425476 | 11343 | SH |  | SOLE |  | 0 | 0 | 11343 |
| ISHARES PREFERRED INCOMESEC ETF | UIT EXCHANGE TRADED | 464288687 |  | 433018 | 14114 | SH |  | SOLE |  | 0 | 0 | 14114 |
| ISHS IBND 2027 TRM HGH  YLD INCM ETF | UIT EXCHANGE TRADED | 46436E478 |  | 107223 | 4757 | SH |  | SOLE |  | 0 | 0 | 4757 |
| ISHARES IBONDS DEC 2027 TERM CORPORA | UIT EXCHANGE TRADED | 46435UAA9 |  | 845203 | 34825 | SH |  | SOLE |  | 0 | 0 | 34825 |
| SPDR FUND MATERIALS     SELECT SECTR ETF | UIT EXCHANGE TRADED | 81369Y100 |  | 428162 | 4876 | SH |  | SOLE |  | 0 | 0 | 4876 |
| ISHARES IBONDS DEC 2026 TRM MUNI ETF | UIT EXCHANGE TRADED | 46435U259 |  | 609674 | 23794 | SH |  | SOLE |  | 0 | 0 | 23794 |
| VANGUARD TOTAL BOND     MARKET ETF | UIT EXCHANGE TRADED | 921937835 |  | 2835639 | 38512 | SH |  | SOLE |  | 0 | 0 | 38512 |
| ISHARES MSCI ACWI EX US ETF | UIT EXCHANGE TRADED | 464288240 |  | 56857 | 933 | SH |  | SOLE |  | 0 | 0 | 933 |
| ISHARES TIPS BOND ETF | UIT EXCHANGE TRADED | 464287176 |  | 425635 | 3868 | SH |  | SOLE |  | 0 | 0 | 3868 |
| SPDR FUND CONSUMER      STAPLES ETF | UIT EXCHANGE TRADED | 81369Y308 |  | 1173984 | 14499 | SH |  | SOLE |  | 0 | 0 | 14499 |
| ISHARES IBND DEC 2025   TRM MUN BD ETF | UIT EXCHANGE TRADED | 46435U432 |  | 434612 | 16239 | SH |  | SOLE |  | 0 | 0 | 16239 |
| ISHARES MSCI USA VALUE  FACTOR ETF | UIT EXCHANGE TRADED | 46432F388 |  | 1348684 | 11913 | SH |  | SOLE |  | 0 | 0 | 11913 |
| ISHARES IBOXX INVT GRADEBOND ETF | UIT EXCHANGE TRADED | 464287242 |  | 678047 | 6186 | SH |  | SOLE |  | 0 | 0 | 6186 |
| TECHNOLOGY SELECT SECTORSPDR ETF | UIT EXCHANGE TRADED | 81369Y803 |  | 5563716 | 21971 | SH |  | SOLE |  | 0 | 0 | 21971 |
| SCHWAB FUNDAMNTL US SML COM ETF | UIT EXCHANGE TRADED | 808524763 |  | 471522 | 16458 | SH |  | SOLE |  | 0 | 0 | 16458 |
| ISHR IBND DEC 2025 TRM  ETF | UIT EXCHANGE TRADED | 46434VBD1 |  | 826634 | 32829 | SH |  | SOLE |  | 0 | 0 | 32829 |
| GOLDMAN SACHS ACTVBT    INTEREQY ETF | UIT EXCHANGE TRADED | 381430107 |  | 15547 | 392 | SH |  | SOLE |  | 0 | 0 | 392 |
| ISHARES RUSSELL MID CAP VALUE ETF | UIT EXCHANGE TRADED | 464287473 |  | 4889 | 37 | SH |  | SOLE |  | 0 | 0 | 37 |
| ISHARES IBONDS DEC 2033 TM CP ETF | UIT EXCHANGE TRADED | 46436E130 |  | 36267 | 1400 | SH |  | SOLE |  | 0 | 0 | 1400 |
| ALERIAN ENERGY          INFRASTRUCTURE ETF | UIT EXCHANGE TRADED | 00162Q676 |  | 251472 | 7800 | SH |  | SOLE |  | 0 | 0 | 7800 |
| ISHARES IBONDS DEC 2032 TM CRP ETF | UIT EXCHANGE TRADED | 46436E312 |  | 173202 | 6850 | SH |  | SOLE |  | 0 | 0 | 6850 |
| ALPS DISRUPTIVE         TECHNOLOGIES ETF | UIT EXCHANGE TRADED | 00162Q478 |  | 269143 | 5456 | SH |  | SOLE |  | 0 | 0 | 5456 |
| SPDR MSCI ACWI EX-US    ETF | UIT EXCHANGE TRADED | 78463X848 |  | 180544 | 5528 | SH |  | SOLE |  | 0 | 0 | 5528 |
| VANGUARD DIVIDEND       APPRECIATION ETF | UIT EXCHANGE TRADED | 921908844 |  | 81868 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| ISHARES IBND DC 2028 TRMMUNI ETF | UIT EXCHANGE TRADED | 46435U325 |  | 486856 | 19160 | SH |  | SOLE |  | 0 | 0 | 19160 |
| SELECT SECTOR HEALTH    CARE SPDR ETF | UIT EXCHANGE TRADED | 81369Y209 |  | 3765898 | 27939 | SH |  | SOLE |  | 0 | 0 | 27939 |
| ISHARES IBONDS DEC 2027 TRM MNI ETF | UIT EXCHANGE TRADED | 46435U283 |  | 541070 | 21344 | SH |  | SOLE |  | 0 | 0 | 21344 |
| ISHARES MSCI USA QLTY   FACT ETF | UIT EXCHANGE TRADED | 46432F339 |  | 2815258 | 15399 | SH |  | SOLE |  | 0 | 0 | 15399 |
| ISHARES IBONDS DEC 2026 TERM CORPORA | UIT EXCHANGE TRADED | 46435GAA0 |  | 1166643 | 48109 | SH |  | SOLE |  | 0 | 0 | 48109 |
| SPDR BLOOMBERG INT GRD  FLT RT ETF | UIT EXCHANGE TRADED | 78468R200 |  | 343138 | 11130 | SH |  | SOLE |  | 0 | 0 | 11130 |
| ISHARES MSCI USA MIN VOLFCTR ETF | UIT EXCHANGE TRADED | 46429B697 |  | 3258120 | 34709 | SH |  | SOLE |  | 0 | 0 | 34709 |
| ISHARES CORE MSCI       EMERGING ETF | UIT EXCHANGE TRADED | 46434G103 |  | 4327773 | 72094 | SH |  | SOLE |  | 0 | 0 | 72094 |
| ISHARS IBND 2029 TRM HG YLD INCM ETF | UIT EXCHANGE TRADED | 46436E379 |  | 3577 | 151 | SH |  | SOLE |  | 0 | 0 | 151 |
| VANGUARD VALUE ETF | UIT EXCHANGE TRADED | 922908744 |  | 549838 | 3111 | SH |  | SOLE |  | 0 | 0 | 3111 |
| ISHARES RUSSELL 1000    VALUE ETF | UIT EXCHANGE TRADED | 464287598 |  | 7381 | 38 | SH |  | SOLE |  | 0 | 0 | 38 |
| ISHARES EMERGING MARKETSDIV ETF | UIT EXCHANGE TRADED | 464286319 |  | 687772 | 24006 | SH |  | SOLE |  | 0 | 0 | 24006 |
| VANGUARD ST INFLATION   PROT ETF | UIT EXCHANGE TRADED | 922020805 |  | 29860 | 594 | SH |  | SOLE |  | 0 | 0 | 594 |
| ISHARES IBONDS 2025 TERMHIGH YI ETF | UIT EXCHANGE TRADED | 46435U168 |  | 658535 | 28318 | SH |  | SOLE |  | 0 | 0 | 28318 |
| ISHARES NATIONAL MUNI   BOND ETF | UIT EXCHANGE TRADED | 464288414 |  | 339560 | 3250 | SH |  | SOLE |  | 0 | 0 | 3250 |
| SELECT STR FINANCIAL    SELECT SPDR ETF | UIT EXCHANGE TRADED | 81369Y605 |  | 2475163 | 47263 | SH |  | SOLE |  | 0 | 0 | 47263 |
| RUSSELL 2000 ETF | UIT EXCHANGE TRADED | 92206C664 |  | 34888 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| ISHARES IBOXX HIGH YIELDBOND ETF | UIT EXCHANGE TRADED | 464288513 |  | 412525 | 5115 | SH |  | SOLE |  | 0 | 0 | 5115 |
| VANGUARD FTSE EMERGING  MARKETS ETF | UIT EXCHANGE TRADED | 922042858 |  | 34770 | 703 | SH |  | SOLE |  | 0 | 0 | 703 |
| ISHRS BLMBRG RL SEL CMDTSTRG ETF | UIT EXCHANGE TRADED | 46431W598 |  | 75656 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| ISHARES IBONDS DEC 2028 TERM ETF | UIT EXCHANGE TRADED | 46435U515 |  | 1152950 | 45356 | SH |  | SOLE |  | 0 | 0 | 45356 |
| ISHARES RUSSELL 2000    ETF | UIT EXCHANGE TRADED | 464287655 |  | 2192891 | 10162 | SH |  | SOLE |  | 0 | 0 | 10162 |
| VANGUARD EMERGING MKTS  GOV BOND ETF | UIT EXCHANGE TRADED | 921946885 |  | 13070 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| ISHARES MSCI ACWI ETF | UIT EXCHANGE TRADED | 464288257 |  | 55555 | 432 | SH |  | SOLE |  | 0 | 0 | 432 |
| SPDR S 500 ETF | UIT EXCHANGE TRADED | 78462F103 |  | 2705565 | 4379 | SH |  | SOLE |  | 0 | 0 | 4379 |
| INVESCO S 500 LOW     VOLATILITY ETF | UIT EXCHANGE TRADED | 46138E354 |  | 15219 | 209 | SH |  | SOLE |  | 0 | 0 | 209 |
| ISHARES RUSSELL 1000    GROWTH ETF | UIT EXCHANGE TRADED | 464287614 |  | 9341 | 22 | SH |  | SOLE |  | 0 | 0 | 22 |
| COMMUNICAT SVS SLCT SEC SPDR ETF | UIT EXCHANGE TRADED | 81369Y852 |  | 1536893 | 14161 | SH |  | SOLE |  | 0 | 0 | 14161 |
| ISHARES IBND DEC 2030   TRM CORP ETF | UIT EXCHANGE TRADED | 46436E726 |  | 440721 | 20051 | SH |  | SOLE |  | 0 | 0 | 20051 |
| ISHARES INTERNATIONAL   SEL DIV ETF | UIT EXCHANGE TRADED | 464288448 |  | 120785 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| ISHARES CORE S 500    ETF | UIT EXCHANGE TRADED | 464287200 |  | 16143 | 26 | SH |  | SOLE |  | 0 | 0 | 26 |
| ISHARES CYBERSECURITY   AND TECH ETF | UIT EXCHANGE TRADED | 46435U135 |  | 170272 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| SPDR FUND CONSUMER      DISCRE SELECT ETF | UIT EXCHANGE TRADED | 81369Y407 |  | 1693653 | 7793 | SH |  | SOLE |  | 0 | 0 | 7793 |
| ISHARES RUSSELL MID CAP ETF | UIT EXCHANGE TRADED | 464287499 |  | 1839 | 20 | SH |  | SOLE |  | 0 | 0 | 20 |
| ISHARES IBONDS DEC 2029 TERM ETF | UIT EXCHANGE TRADED | 46436E205 |  | 654407 | 28050 | SH |  | SOLE |  | 0 | 0 | 28050 |
| VANGUARD TOTAL STOCK    MARKET ETF | UIT EXCHANGE TRADED | 922908769 |  | 1310546 | 4312 | SH |  | SOLE |  | 0 | 0 | 4312 |
| ISHARES IBONDS DEC 2029 TM MN BD ETF | UIT EXCHANGE TRADED | 46436E163 |  | 497031 | 19700 | SH |  | SOLE |  | 0 | 0 | 19700 |
| ISHS MSCI EMERG MRKT MINVOL FCT ETF | UIT EXCHANGE TRADED | 464286533 |  | 5903 | 94 | SH |  | SOLE |  | 0 | 0 | 94 |
| REAL ESTATE SELECT SCTR SPDR ETF | UIT EXCHANGE TRADED | 81369Y860 |  | 449614 | 10855 | SH |  | SOLE |  | 0 | 0 | 10855 |
| ISHARES US AEROSPACE    DEFENSE ETF | UIT EXCHANGE TRADED | 464288760 |  | 245232 | 1300 | SH |  | SOLE |  | 0 | 0 | 1300 |
| INVESCO S 500 QUALITY ETF | UIT EXCHANGE TRADED | 46137V241 |  | 36699 | 515 | SH |  | SOLE |  | 0 | 0 | 515 |
| ISHARES EMG MRKTS EQTY  FACTOR ETF | UIT EXCHANGE TRADED | 46434G889 |  | 104 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| ISHARES JPMORGAN USD MTSBOND ETF | UIT EXCHANGE TRADED | 464288281 |  | 826170 | 8920 | SH |  | SOLE |  | 0 | 0 | 8920 |
| SCHWAB US LARGE CAP     GROWTH ETF | UIT EXCHANGE TRADED | 808524300 |  | 11450 | 392 | SH |  | SOLE |  | 0 | 0 | 392 |
| ISHARES IBOND DEC 2031  TRM CRP ETF | UIT EXCHANGE TRADED | 46436E486 |  | 265104 | 12600 | SH |  | SOLE |  | 0 | 0 | 12600 |
| INVESCO SENIOR LOAN ETF | UIT EXCHANGE TRADED | 46138G508 |  | 9519 | 455 | SH |  | SOLE |  | 0 | 0 | 455 |
| GLDMN SACH ACTVBETA EMRGMKT EQY ETF | UIT EXCHANGE TRADED | 381430206 |  | 37 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| ISHARES SHORT TERM NTNL MUN BND ETF | UIT EXCHANGE TRADED | 464288158 |  | 46258 | 435 | SH |  | SOLE |  | 0 | 0 | 435 |
| ISHS IBND DEC 2030 TRM  MN BND ETF | UIT EXCHANGE TRADED | 46438G687 |  | 141643 | 5520 | SH |  | SOLE |  | 0 | 0 | 5520 |
| VANGUARD TOTAL          INTERNATIONAL BOND ET | UIT EXCHANGE TRADED | 92203J407 |  | 2257260 | 45592 | SH |  | SOLE |  | 0 | 0 | 45592 |
| VANGUARD FTSE ALL WORLD EX US ETF | UIT EXCHANGE TRADED | 922042775 |  | 437132 | 6503 | SH |  | SOLE |  | 0 | 0 | 6503 |
| ISHARES MSCI USA MOMNTUMFCT ETF | UIT EXCHANGE TRADED | 46432F396 |  | 2427665 | 10102 | SH |  | SOLE |  | 0 | 0 | 10102 |
| ISHARES MSCI EAF MIN VOLFCT ETF | UIT EXCHANGE TRADED | 46429B689 |  | 7481 | 89 | SH |  | SOLE |  | 0 | 0 | 89 |
| ENERGY SELECT SECTOR    SPDR ETF | UIT EXCHANGE TRADED | 81369Y506 |  | 484435 | 5712 | SH |  | SOLE |  | 0 | 0 | 5712 |
| SCHWAB FUNDAMNTL INTRNL EQT ETF | UIT EXCHANGE TRADED | 808524755 |  | 80 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| VANGUARD TOTAL WORLD    STOCK ETF | UIT EXCHANGE TRADED | 922042742 |  | 25061 | 195 | SH |  | SOLE |  | 0 | 0 | 195 |
| INVESCO S 500 DOWNSIDEHEDGED ETF | UIT EXCHANGE TRADED | 46090A705 |  | 918 | 26 | SH |  | SOLE |  | 0 | 0 | 26 |
| ISHARES CORE MSCI EAFE  ETF | UIT EXCHANGE TRADED | 46432F842 |  | 10025902 | 120099 | SH |  | SOLE |  | 0 | 0 | 120099 |
| SELECT SECTOR UTI SELECTSPDR ETF | UIT EXCHANGE TRADED | 81369Y886 |  | 626169 | 7668 | SH |  | SOLE |  | 0 | 0 | 7668 |
| ISHARES BROAD USD       INVESTMENT GRADE C | UIT EXCHANGE TRADED | 464288620 |  | 1960533 | 38113 | SH |  | SOLE |  | 0 | 0 | 38113 |
| ALERIAN MLP ETF | UIT EXCHANGE TRADED | 00162Q452 |  | 56189 | 1150 | SH |  | SOLE |  | 0 | 0 | 1150 |
| INVESCO S SMALLCAP LOWVOLATILITY ETF | UIT EXCHANGE TRADED | 46138G102 |  | 32249 | 708 | SH |  | SOLE |  | 0 | 0 | 708 |
| ISHARES SEMICONDUCTOR   ETF | UIT EXCHANGE TRADED | 464287523 |  | 803226 | 3365 | SH |  | SOLE |  | 0 | 0 | 3365 |
| VANGUARD INTERNATNL HGH DIV YLD ETF | UIT EXCHANGE TRADED | 921946794 |  | 1684553 | 21028 | SH |  | SOLE |  | 0 | 0 | 21028 |
| ISHARES MSCI INDIA INDEXETF | UIT EXCHANGE TRADED | 46429B598 |  | 33408 | 600 | SH |  | SOLE |  | 0 | 0 | 600 |
| ISHARES BIOTECHNOLOGY   ETF | UIT EXCHANGE TRADED | 464287556 |  | 256183 | 2025 | SH |  | SOLE |  | 0 | 0 | 2025 |
| VANGUARD SMALL CAP VALUEETF | UIT EXCHANGE TRADED | 922908611 |  | 109596 | 562 | SH |  | SOLE |  | 0 | 0 | 562 |
| SCHWAB US DIVIDEND      EQUITY ETF | UIT EXCHANGE TRADED | 808524797 |  | 2773543 | 104662 | SH |  | SOLE |  | 0 | 0 | 104662 |
| FT VST S P 500 DIV ARISTTRGT ETF | UIT EXCHANGE TRADED | 33739Q705 |  | 138708 | 2825 | SH |  | SOLE |  | 0 | 0 | 2825 |
| INVESCO S 500 HIGH    DIVIDEND LOW VOLATILITY ETF | UIT EXCHANGE TRADED | 46138E362 |  | 64824 | 1363 | SH |  | SOLE |  | 0 | 0 | 1363 |
| VANGUARD MID CAP ETF | UIT EXCHANGE TRADED | 922908629 |  | 179091 | 640 | SH |  | SOLE |  | 0 | 0 | 640 |

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