# EDGAR Filing Document

**Accession Number:** 0001962465
**File Stem:** 0001951757-25-001204
**Filing Date:** 2025-10
**Character Count:** 24022
**Document Hash:** 0cdd3d0af3eb52fdb7d06cd5e818993a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-25-001204.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001951757-25-001204

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251027

**EFFECTIVENESS DATE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MELFA WEALTH MANAGEMENT, INC.
- **CENTRAL INDEX KEY:** 0001962465

**ORGANIZATION NAME:**
- **EIN:** 264422363
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22780
- **FILM NUMBER:** 251420964

**BUSINESS ADDRESS:**
- **STREET 1:** 8 LYMAN STREET
- **CITY:** WESTBOROUGH
- **STATE:** MA
- **ZIP:** 01581
- **BUSINESS PHONE:** (508) 366-6040

**MAIL ADDRESS:**
- **STREET 1:** 8 LYMAN STREET
- **CITY:** WESTBOROUGH
- **STATE:** MA
- **ZIP:** 01581

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MELFA WEALTH MANAGEMENT, LLC
- **DATE OF NAME CHANGE:** 20230117

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** MELFA WEALTH MANAGEMENT INC.<br>**Address:** 8 LYMAN STREET<br>WESTBOROUGH, MA 01581

**Form 13F File Number:** 028-22780

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:** Victor Melfa Jr.<br>**Title:** Chief Compliance Officer<br>**Phone:** (508) 366-6040

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

Victor Melfa Jr.  Westborough, MA  10-27-2025<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:** 195

**Form 13F Information Table Value Total:** $170569361

      (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 |
| AT INC | COM | 00206R102 |  | 253936 | 8992 | SH |  | SOLE |  | 0 | 0 | 8992 |
| ABBVIE INC | COM | 00287Y109 |  | 299910 | 1295 | SH |  | SOLE |  | 0 | 0 | 1295 |
| ABRDN INCOME CREDIT STRATEGI | COM | 003057106 |  | 197445 | 34042 | SH |  | SOLE |  | 0 | 0 | 34042 |
| ADVENT CONV  INCOME FD | COM | 00764C109 |  | 176524 | 13802 | SH |  | SOLE |  | 0 | 0 | 13802 |
| ALLIANCEBERNSTEIN NATL MUN I | COM | 01864U106 |  | 508307 | 46849 | SH |  | SOLE |  | 0 | 0 | 46849 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 466220 | 1914 | SH |  | SOLE |  | 0 | 0 | 1914 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 732982 | 3015 | SH |  | SOLE |  | 0 | 0 | 3015 |
| AMAZON COM INC | COM | 023135106 |  | 684013 | 3115 | SH |  | SOLE |  | 0 | 0 | 3115 |
| MIDCAP FINANCIAL INVSTMNT CO | COM NEW | 03761U502 |  | 164481 | 13718 | SH |  | SOLE |  | 0 | 0 | 13718 |
| APPLE INC | COM | 037833100 |  | 4901441 | 19249 | SH |  | SOLE |  | 0 | 0 | 19249 |
| AVIDIA BANCORP INC | COMMON STOCK | 05369T100 |  | 672300 | 45000 | SH |  | SOLE |  | 0 | 0 | 45000 |
| BNY MELLON STRATEGIC MUNS IN | COM | 05588W108 |  | 376861 | 60298 | SH |  | SOLE |  | 0 | 0 | 60298 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 212156 | 422 | SH |  | SOLE |  | 0 | 0 | 422 |
| BLACKROCK FLOATING RATE INC | COM | 091941104 |  | 956627 | 78735 | SH |  | SOLE |  | 0 | 0 | 78735 |
| BLACKROCK INVT QUALITY MUN T | COM | 09247D105 |  | 224182 | 19769 | SH |  | SOLE |  | 0 | 0 | 19769 |
| BLACKROCK INCOME TR INC | RIGHT 10/20/2025 | 09247F118 |  | 21615 | 366362 | SH |  | SOLE |  | 0 | 0 | 366362 |
| BLACKROCK INCOME TR INC | COM NEW | 09247F209 |  | 4118490 | 366414 | SH |  | SOLE |  | 0 | 0 | 366414 |
| BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 |  | 831114 | 75901 | SH |  | SOLE |  | 0 | 0 | 75901 |
| BLACKROCK MUN INCOME TR | SH BEN INT | 09248F109 |  | 1014043 | 100900 | SH |  | SOLE |  | 0 | 0 | 100900 |
| BLACKROCK TAX MUNICPAL BD TR | SHS | 09248X100 |  | 249660 | 15040 | SH |  | SOLE |  | 0 | 0 | 15040 |
| BLACKROCK CORE BD TR | SHS BEN INT | 09249E101 |  | 1219925 | 122729 | SH |  | SOLE |  | 0 | 0 | 122729 |
| BLACKROCK MUNI INCOME TR II | COM | 09249N101 |  | 960054 | 91871 | SH |  | SOLE |  | 0 | 0 | 91871 |
| BLACKROCK CR ALLOCATION INCO | COM | 092508100 |  | 146257 | 13236 | SH |  | SOLE |  | 0 | 0 | 13236 |
| BLACKROCK LONG-TERM MUN ADVA | COM | 09250B103 |  | 421434 | 43991 | SH |  | SOLE |  | 0 | 0 | 43991 |
| BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 |  | 2209287 | 188024 | SH |  | SOLE |  | 0 | 0 | 188024 |
| BLACKROCK MUNIVEST FD INC | COM | 09253R105 |  | 1294193 | 188658 | SH |  | SOLE |  | 0 | 0 | 188658 |
| BLACKROCK MUNIVEST FD II INC | COM | 09253T101 |  | 688662 | 64785 | SH |  | SOLE |  | 0 | 0 | 64785 |
| BLACKROCK MUNIHOLDINGS QUALI | COM | 09254C107 |  | 273741 | 27211 | SH |  | SOLE |  | 0 | 0 | 27211 |
| BLACKROCK MUNIYIELD QUALITY | COM | 09254E103 |  | 2668521 | 240841 | SH |  | SOLE |  | 0 | 0 | 240841 |
| BLACKROCK MUNIYILD QULT FD I | COM | 09254F100 |  | 2264129 | 194346 | SH |  | SOLE |  | 0 | 0 | 194346 |
| BLACKROCK MUNIYIELD QUALITY | COM | 09254G108 |  | 164441 | 16395 | SH |  | SOLE |  | 0 | 0 | 16395 |
| BLACKROCK MUNIASSETS FD INC | COM | 09254J102 |  | 944578 | 85097 | SH |  | SOLE |  | 0 | 0 | 85097 |
| BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 |  | 1141437 | 105202 | SH |  | SOLE |  | 0 | 0 | 105202 |
| BLACKROCK MUNIYIELD MICH QU | COM | 09254V105 |  | 595466 | 52790 | SH |  | SOLE |  | 0 | 0 | 52790 |
| BLACKROCK MUNIHLDGS NJ QLTY | COM | 09254X101 |  | 619893 | 53485 | SH |  | SOLE |  | 0 | 0 | 53485 |
| BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 |  | 118552 | 11600 | SH |  | SOLE |  | 0 | 0 | 11600 |
| BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 |  | 767333 | 80772 | SH |  | SOLE |  | 0 | 0 | 80772 |
| BLACKROCK DEBT STRATEGIES FD | COM NEW | 09255R202 |  | 434456 | 40909 | SH |  | SOLE |  | 0 | 0 | 40909 |
| BLACKROCK FLOATING RATE INCO | COM | 09255X100 |  | 437783 | 33728 | SH |  | SOLE |  | 0 | 0 | 33728 |
| BLACKROCK MUN TARGET TERM TR | COM SHS BEN IN | 09257P105 |  | 258221 | 11497 | SH |  | SOLE |  | 0 | 0 | 11497 |
| BLACKSTONE STRATEGIC CRED 20 | COM SHS BEN IN | 09257R101 |  | 135902 | 11167 | SH |  | SOLE |  | 0 | 0 | 11167 |
| BLACKROCK MULTI SECTOR INC T | COM | 09258A107 |  | 226117 | 16887 | SH |  | SOLE |  | 0 | 0 | 16887 |
| BNY MELLON HIGH YIELD STRATE | SH BEN INT | 09660L105 |  | 352655 | 136160 | SH |  | SOLE |  | 0 | 0 | 136160 |
| BNY MELLON STRATEGIC MUN BD | COM | 09662E109 |  | 261137 | 44111 | SH |  | SOLE |  | 0 | 0 | 44111 |
| BNY MELLON MUN BD INFRASTRUC | COM SHS | 09662W109 |  | 363498 | 33972 | SH |  | SOLE |  | 0 | 0 | 33972 |
| BROADCOM INC | COM | 11135F101 |  | 1025360 | 3108 | SH |  | SOLE |  | 0 | 0 | 3108 |
| BROOKFIELD REAL ASSETS INCOM | SHS BEN INT | 112830104 |  | 276180 | 20672 | SH |  | SOLE |  | 0 | 0 | 20672 |
| CALAMOS CONV OPPORTUNITIES | SH BEN INT | 128117108 |  | 127523 | 11819 | SH |  | SOLE |  | 0 | 0 | 11819 |
| CALAMOS CONV  HIGH INCOME F | COM SHS | 12811P108 |  | 191890 | 17103 | SH |  | SOLE |  | 0 | 0 | 17103 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1671299 | 16466 | SH |  | SOLE |  | 0 | 0 | 16466 |
| COMMUNITY FINANCIAL SYSTEM I | COM | 203607106 |  | 236898 | 4040 | SH |  | SOLE |  | 0 | 0 | 4040 |
| CREDIT SUISSE ASSET MGMT INC | COM | 224916106 |  | 125844 | 42950 | SH |  | SOLE |  | 0 | 0 | 42950 |
| CREDIT SUISSE HIGH YIELD CRE | SH BEN INT | 22544F103 |  | 52248 | 25363 | SH |  | SOLE |  | 0 | 0 | 25363 |
| DTF TAX-FREE INCOME 2028 TER | COM | 23334J107 |  | 163897 | 14339 | SH |  | SOLE |  | 0 | 0 | 14339 |
| DWS MUN INCOME TR NEW | COM | 233368109 |  | 1234001 | 134569 | SH |  | SOLE |  | 0 | 0 | 134569 |
| ABRDN NATL MUN INCOME FD | SH BEN INT | 24610T108 |  | 308471 | 30065 | SH |  | SOLE |  | 0 | 0 | 30065 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 3254105 | 71112 | SH |  | SOLE |  | 0 | 0 | 71112 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 2060329 | 56680 | SH |  | SOLE |  | 0 | 0 | 56680 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 1307884 | 22468 | SH |  | SOLE |  | 0 | 0 | 22468 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VAL | 25434V666 |  | 504854 | 15345 | SH |  | SOLE |  | 0 | 0 | 15345 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 12127393 | 314426 | SH |  | SOLE |  | 0 | 0 | 314426 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 2811148 | 62903 | SH |  | SOLE |  | 0 | 0 | 62903 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 778244 | 16874 | SH |  | SOLE |  | 0 | 0 | 16874 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 3672214 | 115333 | SH |  | SOLE |  | 0 | 0 | 115333 |
| DIMENSIONAL ETF TRUST | US REAL ESTATE E | 25434V823 |  | 422846 | 17729 | SH |  | SOLE |  | 0 | 0 | 17729 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 |  | 215289 | 5700 | SH |  | SOLE |  | 0 | 0 | 5700 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 2066758 | 65862 | SH |  | SOLE |  | 0 | 0 | 65862 |
| DOUBLELINE OPPORTUNISTIC CR | COM | 258623107 |  | 243189 | 15609 | SH |  | SOLE |  | 0 | 0 | 15609 |
| EATON VANCE CALIF MUN INCOM | SH BEN INT | 27826F101 |  | 208448 | 20679 | SH |  | SOLE |  | 0 | 0 | 20679 |
| EATON VANCE SR INCOME TR | SH BEN INT | 27826S103 |  | 255079 | 46547 | SH |  | SOLE |  | 0 | 0 | 46547 |
| EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 |  | 4572104 | 413018 | SH |  | SOLE |  | 0 | 0 | 413018 |
| EATON VANCE FLTING RATE INC | COM | 278279104 |  | 298002 | 25319 | SH |  | SOLE |  | 0 | 0 | 25319 |
| EATON VANCE MUN BD FD | COM | 27827X101 |  | 1649311 | 165927 | SH |  | SOLE |  | 0 | 0 | 165927 |
| EATON VANCE NEW YORK MUN BD | COM | 27827Y109 |  | 671787 | 68133 | SH |  | SOLE |  | 0 | 0 | 68133 |
| EATON VANCE CALIF MUN BD FD | COM | 27828A100 |  | 402810 | 42446 | SH |  | SOLE |  | 0 | 0 | 42446 |
| EATON VANCE LIMITED DURATION | COM | 27828H105 |  | 983444 | 96891 | SH |  | SOLE |  | 0 | 0 | 96891 |
| EATON VANCE SHORT DURATION D | COM | 27828V104 |  | 293785 | 25953 | SH |  | SOLE |  | 0 | 0 | 25953 |
| EATON VANCE NATL MUN OPPORT | COM SHS | 27829L105 |  | 1431885 | 86051 | SH |  | SOLE |  | 0 | 0 | 86051 |
| EATON VANCE MUN INCOME 2028 | SHS | 27829U105 |  | 296672 | 15372 | SH |  | SOLE |  | 0 | 0 | 15372 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 280354 | 3941 | SH |  | SOLE |  | 0 | 0 | 3941 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1560540 | 13841 | SH |  | SOLE |  | 0 | 0 | 13841 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3138759 | 4274 | SH |  | SOLE |  | 0 | 0 | 4274 |
| FEDERATED HERMES PREM MUNI I | COM | 31423P108 |  | 288376 | 26121 | SH |  | SOLE |  | 0 | 0 | 26121 |
| FIDELITY COVINGTON TRUST | HIGH DIVID ETF | 316092840 |  | 1066324 | 19141 | SH |  | SOLE |  | 0 | 0 | 19141 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 1389960 | 31200 | SH |  | SOLE |  | 0 | 0 | 31200 |
| GE VERNOVA INC | COM | 36828A101 |  | 1689136 | 2747 | SH |  | SOLE |  | 0 | 0 | 2747 |
| GE AEROSPACE | COM NEW | 369604301 |  | 3555164 | 11818 | SH |  | SOLE |  | 0 | 0 | 11818 |
| HANCOCK JOHN INCOME SECS TR | COM | 410123103 |  | 183941 | 15755 | SH |  | SOLE |  | 0 | 0 | 15755 |
| HANCOCK JOHN PREM DIVID FD | COM SH BEN INT | 41013T105 |  | 221944 | 16637 | SH |  | SOLE |  | 0 | 0 | 16637 |
| HIGH INCOME SECS FD | SHS BEN INT | 42968F108 |  | 195083 | 30722 | SH |  | SOLE |  | 0 | 0 | 30722 |
| HIGHLAND OPPS  INCOME FD | HIGHLAND INCOME | 43010E404 |  | 185010 | 29135 | SH |  | SOLE |  | 0 | 0 | 29135 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 359754 | 1275 | SH |  | SOLE |  | 0 | 0 | 1275 |
| INVESCO HIGH INCOME TR II | COM | 46131F101 |  | 837234 | 74620 | SH |  | SOLE |  | 0 | 0 | 74620 |
| INVESCO SR INCOME TR | COM | 46131H107 |  | 324140 | 93682 | SH |  | SOLE |  | 0 | 0 | 93682 |
| INVESCO MUNICIPAL TRUST | COM | 46131J103 |  | 304123 | 31515 | SH |  | SOLE |  | 0 | 0 | 31515 |
| INVESCO TR INVT GRADE MUNS | COM | 46131M106 |  | 378083 | 37360 | SH |  | SOLE |  | 0 | 0 | 37360 |
| INVESCO MUN OPPORTUNITY TR | COM | 46132C107 |  | 420415 | 43476 | SH |  | SOLE |  | 0 | 0 | 43476 |
| INVESCO ADVANTAGE MUN INCOME | SH BEN INT | 46132E103 |  | 741127 | 84507 | SH |  | SOLE |  | 0 | 0 | 84507 |
| INVESCO BD FD | COM | 46132L107 |  | 567517 | 35964 | SH |  | SOLE |  | 0 | 0 | 35964 |
| INVESCO MUNI INCOME OPP TRST | COM | 46132X101 |  | 515135 | 85429 | SH |  | SOLE |  | 0 | 0 | 85429 |
| INVESCO QUALITY MUN INCOME T | COM | 46133G107 |  | 151142 | 15344 | SH |  | SOLE |  | 0 | 0 | 15344 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 1396158 | 31318 | SH |  | SOLE |  | 0 | 0 | 31318 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 658784 | 3473 | SH |  | SOLE |  | 0 | 0 | 3473 |
| ISHARES TR | S 100 ETF | 464287101 |  | 349482 | 1050 | SH |  | SOLE |  | 0 | 0 | 1050 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 280648 | 1975 | SH |  | SOLE |  | 0 | 0 | 1975 |
| ISHARES TR | CORE S ETF | 464287200 |  | 3255191 | 4864 | SH |  | SOLE |  | 0 | 0 | 4864 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 690523 | 6888 | SH |  | SOLE |  | 0 | 0 | 6888 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 1649479 | 14798 | SH |  | SOLE |  | 0 | 0 | 14798 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 334998 | 2775 | SH |  | SOLE |  | 0 | 0 | 2775 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 552214 | 5725 | SH |  | SOLE |  | 0 | 0 | 5725 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 301118 | 3225 | SH |  | SOLE |  | 0 | 0 | 3225 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 538242 | 8248 | SH |  | SOLE |  | 0 | 0 | 8248 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 666757 | 3275 | SH |  | SOLE |  | 0 | 0 | 3275 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 290414 | 620 | SH |  | SOLE |  | 0 | 0 | 620 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 292384 | 800 | SH |  | SOLE |  | 0 | 0 | 800 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 517271 | 4353 | SH |  | SOLE |  | 0 | 0 | 4353 |
| ISHARES TR | DOW JONES US ETF | 464287846 |  | 369033 | 2271 | SH |  | SOLE |  | 0 | 0 | 2271 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 633560 | 20037 | SH |  | SOLE |  | 0 | 0 | 20037 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 309648 | 3547 | SH |  | SOLE |  | 0 | 0 | 3547 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 498174 | 7557 | SH |  | SOLE |  | 0 | 0 | 7557 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 833200 | 2641 | SH |  | SOLE |  | 0 | 0 | 2641 |
| MFS MUN INCOME TR | SH BEN INT | 552738106 |  | 685738 | 127224 | SH |  | SOLE |  | 0 | 0 | 127224 |
| MFS INTER INCOME TR | SH BEN INT | 55273C107 |  | 91477 | 34133 | SH |  | SOLE |  | 0 | 0 | 34133 |
| MFS INVT GRADE MUN TR | SH BEN INT | 59318B108 |  | 615913 | 78360 | SH |  | SOLE |  | 0 | 0 | 78360 |
| MFS HIGH INCOME MUN TR | SH BEN INT | 59318D104 |  | 560355 | 150633 | SH |  | SOLE |  | 0 | 0 | 150633 |
| MFS HIGH YIELD MUN TR | SH BEN INT | 59318E102 |  | 430313 | 124010 | SH |  | SOLE |  | 0 | 0 | 124010 |
| MICROSOFT CORP | COM | 594918104 |  | 1361776 | 2629 | SH |  | SOLE |  | 0 | 0 | 2629 |
| NETFLIX INC | COM | 64110L106 |  | 329703 | 275 | SH |  | SOLE |  | 0 | 0 | 275 |
| NEUBERGER BERMAN MUN FD INC | COM | 64124P101 |  | 2321898 | 224990 | SH |  | SOLE |  | 0 | 0 | 224990 |
| NEUBERGER BERMAN HIGH YIELD | COM | 64128C106 |  | 613404 | 81787 | SH |  | SOLE |  | 0 | 0 | 81787 |
| NUVEEN MASSACHUSETS QLT MUN | COM | 67061E104 |  | 585118 | 50225 | SH |  | SOLE |  | 0 | 0 | 50225 |
| NUVEEN CALIFORNIA MUNI VLU F | COM STK | 67062C107 |  | 721799 | 81101 | SH |  | SOLE |  | 0 | 0 | 81101 |
| NUVEEN SELECT TAX-FREE INCOM | SH BEN INT | 67062F100 |  | 1301932 | 90037 | SH |  | SOLE |  | 0 | 0 | 90037 |
| NUVEEN N Y MUN VALUE FD | COM | 67062M105 |  | 247040 | 29908 | SH |  | SOLE |  | 0 | 0 | 29908 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 216203 | 18982 | SH |  | SOLE |  | 0 | 0 | 18982 |
| NUVEEN MUN CR OPPORTUNITIES | COM | 670663103 |  | 443634 | 40850 | SH |  | SOLE |  | 0 | 0 | 40850 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2523681 | 13531 | SH |  | SOLE |  | 0 | 0 | 13531 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 448606 | 38375 | SH |  | SOLE |  | 0 | 0 | 38375 |
| NUVEEN CA QUALTY MUN INCOME | COM | 67066Y105 |  | 572880 | 49816 | SH |  | SOLE |  | 0 | 0 | 49816 |
| NUVEEN MUN HIGH INCOME OPPOR | COM | 670682103 |  | 209704 | 19802 | SH |  | SOLE |  | 0 | 0 | 19802 |
| NUVEEN AMT-FREE MUN VALUE FD | COM | 670695105 |  | 466761 | 32917 | SH |  | SOLE |  | 0 | 0 | 32917 |
| NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 |  | 370401 | 29490 | SH |  | SOLE |  | 0 | 0 | 29490 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 2250821 | 183142 | SH |  | SOLE |  | 0 | 0 | 183142 |
| NUVEEN FLOATING RATE INCOME | COM | 67072T108 |  | 877175 | 107234 | SH |  | SOLE |  | 0 | 0 | 107234 |
| NUVEEN MORTGAGE AND INCOME F | COM | 670735109 |  | 346933 | 18533 | SH |  | SOLE |  | 0 | 0 | 18533 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 |  | 797290 | 97230 | SH |  | SOLE |  | 0 | 0 | 97230 |
| NUVEEN REAL ASSET INCOME  G | COM | 67074Y105 |  | 172396 | 12098 | SH |  | SOLE |  | 0 | 0 | 12098 |
| NUVEEN MULTI ASSET INCOME FU | COM | 670750108 |  | 354419 | 27305 | SH |  | SOLE |  | 0 | 0 | 27305 |
| NUVEEN DYNAMIC MUN OPPORTUNI | COM SHS | 67079X102 |  | 150949 | 14528 | SH |  | SOLE |  | 0 | 0 | 14528 |
| NUVEEN MUN VALUE FD INC | COM | 670928100 |  | 364756 | 40619 | SH |  | SOLE |  | 0 | 0 | 40619 |
| NUVEEN PENNSYLVANIA QLT MUN | COM | 670972108 |  | 193608 | 16134 | SH |  | SOLE |  | 0 | 0 | 16134 |
| ORACLE CORP | COM | 68389X105 |  | 397232 | 1412 | SH |  | SOLE |  | 0 | 0 | 1412 |
| PGIM GLOBAL HIGH YIELD FD FO | COM | 69346J106 |  | 438713 | 34062 | SH |  | SOLE |  | 0 | 0 | 34062 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 998750 | 5475 | SH |  | SOLE |  | 0 | 0 | 5475 |
| PIMCO CALIF MUN INCOME FD | COM | 72200N106 |  | 1549336 | 177676 | SH |  | SOLE |  | 0 | 0 | 177676 |
| PIMCO MUN INCOME FD II | COM | 72200W106 |  | 1256838 | 158892 | SH |  | SOLE |  | 0 | 0 | 158892 |
| PIMCO DYNAMIC INCOME FD | SHS | 72201Y101 |  | 315136 | 15916 | SH |  | SOLE |  | 0 | 0 | 15916 |
| PIONEER FLOATING RATE FUND I | COM | 72369J102 |  | 194188 | 19497 | SH |  | SOLE |  | 0 | 0 | 19497 |
| PUTNAM MANAGED MUN INCOME TR | COM | 746823103 |  | 578969 | 95856 | SH |  | SOLE |  | 0 | 0 | 95856 |
| PUTNAM MASTER INTER INCOME T | SH BEN INT | 746909100 |  | 278383 | 80925 | SH |  | SOLE |  | 0 | 0 | 80925 |
| PUTNAM MUN OPPORTUNITIES TR | SH BEN INT | 746922103 |  | 4962983 | 480444 | SH |  | SOLE |  | 0 | 0 | 480444 |
| RIVERNORTH MANAGED DUR MUN I | COM | 76882H105 |  | 154503 | 10927 | SH |  | SOLE |  | 0 | 0 | 10927 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2354483 | 3534 | SH |  | SOLE |  | 0 | 0 | 3534 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 665808 | 6645 | SH |  | SOLE |  | 0 | 0 | 6645 |
| VIRTUS STONE HBR EMRG MKTS I | COM | 86164T107 |  | 108863 | 21557 | SH |  | SOLE |  | 0 | 0 | 21557 |
| SABA CAPITAL INCOME  OPPORT | COM NEW | 880198205 |  | 153900 | 16875 | SH |  | SOLE |  | 0 | 0 | 16875 |
| TESLA INC | COM | 88160R101 |  | 426931 | 960 | SH |  | SOLE |  | 0 | 0 | 960 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 916841 | 4249 | SH |  | SOLE |  | 0 | 0 | 4249 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 912247 | 12418 | SH |  | SOLE |  | 0 | 0 | 12418 |
| VANGUARD WELLINGTON FD | US MOMENTUM | 921935508 |  | 226982 | 1185 | SH |  | SOLE |  | 0 | 0 | 1185 |
| VANGUARD WELLINGTON FD | US QUALITY | 921935706 |  | 237460 | 1574 | SH |  | SOLE |  | 0 | 0 | 1574 |
| VANGUARD WELLINGTON FD | US VALUE FACTR | 921935805 |  | 269615 | 2114 | SH |  | SOLE |  | 0 | 0 | 2114 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 297869 | 4005 | SH |  | SOLE |  | 0 | 0 | 4005 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 348400 | 5814 | SH |  | SOLE |  | 0 | 0 | 5814 |
| VANGUARD FIXED INCOME SECS F | HIGH-YIELD ACTV | 922031687 |  | 626581 | 8325 | SH |  | SOLE |  | 0 | 0 | 8325 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 390499 | 2834 | SH |  | SOLE |  | 0 | 0 | 2834 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 250295 | 3507 | SH |  | SOLE |  | 0 | 0 | 3507 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 424269 | 7831 | SH |  | SOLE |  | 0 | 0 | 7831 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 403455 | 6856 | SH |  | SOLE |  | 0 | 0 | 6856 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 294838 | 5889 | SH |  | SOLE |  | 0 | 0 | 5889 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 260967 | 2855 | SH |  | SOLE |  | 0 | 0 | 2855 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 352983 | 1691 | SH |  | SOLE |  | 0 | 0 | 1691 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 347614 | 725 | SH |  | SOLE |  | 0 | 0 | 725 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 216138 | 850 | SH |  | SOLE |  | 0 | 0 | 850 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 9856641 | 30035 | SH |  | SOLE |  | 0 | 0 | 30035 |
| CARLYLE CREDIT INCOME FUND | SHS BEN INT | 92535C104 |  | 132252 | 22724 | SH |  | SOLE |  | 0 | 0 | 22724 |
| VISA INC | COM CL A | 92826C839 |  | 323039 | 946 | SH |  | SOLE |  | 0 | 0 | 946 |
| WESTERN ASSET PREMIER BD FD | SHS BEN INT | 957664105 |  | 194067 | 17281 | SH |  | SOLE |  | 0 | 0 | 17281 |
| WESTERN ASSET HIGH INCOM FD | COM | 95766J102 |  | 550042 | 126446 | SH |  | SOLE |  | 0 | 0 | 126446 |
| WESTERN ASSET HIGH INCOME OP | COM | 95766K109 |  | 303168 | 78950 | SH |  | SOLE |  | 0 | 0 | 78950 |
| WESTERN ASSET MANAGED MUNS F | COM | 95766M105 |  | 1128522 | 109141 | SH |  | SOLE |  | 0 | 0 | 109141 |
| WESTERN ASSET MUN HIGH INCOM | COM | 95766N103 |  | 457034 | 63214 | SH |  | SOLE |  | 0 | 0 | 63214 |
| WESTERN ASST INFLTN LKD INM | COM SH BEN INT | 95766Q106 |  | 103546 | 12298 | SH |  | SOLE |  | 0 | 0 | 12298 |
| WESTERN ASSET INVT GRADE OPP | COM | 95790A101 |  | 173984 | 10424 | SH |  | SOLE |  | 0 | 0 | 10424 |
| WESTERN ASSET INTER MUNI FD | COM | 958435109 |  | 366605 | 46347 | SH |  | SOLE |  | 0 | 0 | 46347 |

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