# EDGAR Filing Document

**Accession Number:** 0001673385
**File Stem:** 0001104659-25-071055
**Filing Date:** 2025-7
**Character Count:** 24449
**Document Hash:** cc18a2df882ccb1d05457eb65ea33411
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-071055.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001104659-25-071055

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**EFFECTIVENESS DATE**: 20250728

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morningstar Investment Management LLC
- **CENTRAL INDEX KEY:** 0001673385

**ORGANIZATION NAME:**
- **EIN:** 364317381
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17446
- **FILM NUMBER:** 251153510

**BUSINESS ADDRESS:**
- **STREET 1:** 22 W WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 312-696-6168

**MAIL ADDRESS:**
- **STREET 1:** 22 W WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602

### 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:** Morningstar Investment Management LLC<br>**Address:** 22 W Washington Street<br>Chicago, IL 60602

**Form 13F File Number:** 028-17446

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:** Sara Kasun-Fretz<br>**Title:** Chief Compliance Officer<br>**Phone:** 312-244-7556

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

/s/ Sara Kasun-Fretz  Chicago, IL  07-25-2025<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 205

**Form 13F Information Table Value Total:** $1139567

      (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.]

|   No. | Name                                          | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | ALPS ADVISORS INC                             | 028-12230              |  |  |
|     2 | Clearbridge Investments LLC                   | 028-11611              |  |  |
|     3 | DIAMOND HILL CAPITAL MANAGEMENT INC           | 028-10648              |  |  |
|     4 | MFS Institutional Advisors Inc.               | 028-13173              |  |  |
|     5 | WASATCH ADVISORS LP                           | 028-01286              |  |  |
|     6 | WESTWOOD MANAGEMENT CORP /TX                  | 028-05046              |  |  |
|     7 | HARDING LOEVNER LP                            | 028-04434              |  |  |
|     8 | HARRIS ASSOCIATES L P                         | 028-02013              |  |  |
|     9 | LAZARD ASSET MANAGEMENT LLC                   | 028-10469              |  |  |
|    10 | PRICE T ROWE ASSOCIATES INC /MD/              | 028-00115              |  |  |
|    11 | Cullen Capital Management LLC                 | 028-11905              |  |  |
|    12 | BlackRock Asset Management International Inc  | 028-15553              |  |  |
|    13 | Allspring Global Investments LLC              | 028-04413              |  |  |
|    14 | First Pacific Advisors LP                     | 028-12253              |  |  |
|    15 | LOOMIS SAYLES  CO L P                         | 028-00398              |  |  |
|    16 | SSI INVESTMENT MANAGEMENT LLC                 | 028-04720              |  |  |
|    17 | WATER ISLAND CAPITAL LLC                      | 028-10693              |  |  |
|    18 | TCW INVESTMENT MANAGEMENT Co LLC              | 028-06683              |  |  |
|    19 | VOYA INVESTMENT MANAGEMENT CO                 | 028-01217              |  |  |
|    20 | Guggenheim Partners Investment Management LLC | 028-12837              |  |  |

### 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 |
| XCEL ENERGY INC | COM | 98389B100 |  | 203 | 2985 | SH |  | SOLE |  | 2985 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 203 | 2684 | SH |  | SOLE |  | 2684 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 208 | 3944 | SH |  | SOLE |  | 3944 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 212 | 398 | SH |  | SOLE |  | 398 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 214 | 3048 | SH |  | SOLE |  | 3048 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 216 | 749 | SH |  | SOLE |  | 749 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 217 | 1773 | SH |  | SOLE |  | 1773 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 218 | 2270 | SH |  | SOLE |  | 2270 | 0 | 0 |
| COMINION ENERGY INC | COM | 25746U109 |  | 224 | 3963 | SH |  | SOLE |  | 3963 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 225 | 480 | SH |  | SOLE |  | 480 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 225 | 5199 | SH |  | SOLE |  | 5199 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 232 | 5534 | SH |  | SOLE |  | 5534 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 233 | 2038 | SH |  | SOLE |  | 2038 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 233 | 3377 | SH |  | SOLE |  | 3377 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 235 | 3391 | SH |  | SOLE |  | 3391 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 236 | 759 | SH |  | SOLE |  | 759 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 237 | 2437 | SH |  | SOLE |  | 2437 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 240 | 814 | SH |  | SOLE |  | 814 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 243 | 8047 | SH |  | SOLE |  | 8047 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 244 | 1517 | SH |  | SOLE |  | 1517 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 244 | 2430 | SH |  | SOLE |  | 2430 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 245 | 6134 | SH |  | SOLE |  | 6134 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 251 | 1849 | SH |  | SOLE |  | 1849 | 0 | 0 |
| AVERY DENNISON COPR | COM | 053611109 |  | 253 | 1439 | SH |  | SOLE |  | 1439 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 253 | 1344 | SH |  | SOLE |  | 1344 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 255 | 1877 | SH |  | SOLE |  | 1877 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 255 | 497 | SH |  | SOLE |  | 497 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 255 | 3546 | SH |  | SOLE |  | 3546 | 0 | 0 |
| AMDOCS LTD | SHS | G02602103 |  | 258 | 2827 | SH |  | SOLE |  | 2827 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 260 | 844 | SH |  | SOLE |  | 844 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 269 | 2630 | SH |  | SOLE |  | 2630 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 271 | 3679 | SH |  | SOLE |  | 3679 | 0 | 0 |
| NXP SEMINCONDUCTORS N V | COM | N6596X109 |  | 292 | 1335 | SH |  | SOLE |  | 1335 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 293 | 1912 | SH |  | SOLE |  | 1912 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 299 | 1632 | SH |  | SOLE |  | 1632 | 0 | 0 |
| ROAYLTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 299 | 8307 | SH |  | SOLE |  | 8307 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 300 | 4182 | SH |  | SOLE |  | 4182 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 301 | 920 | SH |  | SOLE |  | 920 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 311 | 4213 | SH |  | SOLE |  | 4213 | 0 | 0 |
| INTERNANTIONAL BUSINESS MACHS | COM | 459200101 |  | 313 | 1061 | SH |  | SOLE |  | 1061 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 315 | 1751 | SH |  | SOLE |  | 1751 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 315 | 2070 | SH |  | SOLE |  | 2070 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 319 | 2251 | SH |  | SOLE |  | 2251 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 323 | 1106 | SH |  | SOLE |  | 1106 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 324 | 4357 | SH |  | SOLE |  | 4357 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 324 | 3042 | SH |  | SOLE |  | 3042 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 331 | 2075 | SH |  | SOLE |  | 2075 | 0 | 0 |
| SEI INVTS CO | COM | 784117103 |  | 333 | 3706 | SH |  | SOLE |  | 3706 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 337 | 3509 | SH |  | SOLE |  | 3509 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 342 | 1418 | SH |  | SOLE |  | 1418 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 346 | 1153 | SH |  | SOLE |  | 1153 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 347 | 2177 | SH |  | SOLE |  | 2177 | 0 | 0 |
| CITIZENS FINL GROPU INC | COM | 174610105 |  | 348 | 7772 | SH |  | SOLE |  | 7772 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 350 | 3915 | SH |  | SOLE |  | 3915 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 352 | 3384 | SH |  | SOLE |  | 3384 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 355 | 3675 | SH |  | SOLE |  | 3675 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 357 | 5482 | SH |  | SOLE |  | 5482 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 361 | 1587 | SH |  | SOLE |  | 1587 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 364 | 1959 | SH |  | SOLE |  | 1959 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 375 | 2083 | SH |  | SOLE |  | 2083 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 378 | 3559 | SH |  | SOLE |  | 3559 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 391 | 8819 | SH |  | SOLE |  | 8819 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 393 | 4310 | SH |  | SOLE |  | 4310 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 409 | 1720 | SH |  | SOLE |  | 1720 | 0 | 0 |
| CT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 410 | 3731 | SH |  | SOLE |  | 3731 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 411 | 459 | SH |  | SOLE |  | 459 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 413 | 2127 | SH |  | SOLE |  | 2127 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 434 | 4226 | SH |  | SOLE |  | 4226 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 435 | 593 | SH |  | SOLE |  | 593 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 449 | 6510 | SH |  | SOLE |  | 6510 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 458 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 466 | 1653 | SH |  | SOLE |  | 1653 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 468 | 594 | SH |  | SOLE |  | 594 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 468 | 8335 | SH |  | SOLE |  | 8335 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 485 | 3765 | SH |  | SOLE |  | 3765 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 489 | 4956 | SH |  | SOLE |  | 4956 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 495 | 2717 | SH |  | SOLE |  | 2717 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 496 | 2333 | SH |  | SOLE |  | 2333 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 537 | 3087 | SH |  | SOLE |  | 3087 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 548 | 1230 | SH |  | SOLE |  | 1230 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 552 | 3467 | SH |  | SOLE |  | 3467 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 562 | 6608 | SH |  | SOLE |  | 6608 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 566 | 2559 | SH |  | SOLE |  | 2559 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 568 | 5977 | SH |  | SOLE |  | 5977 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 573 | 99 | SH |  | SOLE |  | 99 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 584 | 6363 | SH |  | SOLE |  | 6363 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 597 | 2333 | SH |  | SOLE |  | 2333 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 608 | 1159 | SH |  | SOLE |  | 1159 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 612 | 7706 | SH |  | SOLE |  | 7706 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 639 | 9028 | SH |  | SOLE |  | 9028 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 653 | 7124 | SH |  | SOLE |  | 7124 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 661 | 435 | SH |  | SOLE |  | 435 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 665 | 1735 | SH |  | SOLE |  | 1735 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 665 | 3567 | SH |  | SOLE |  | 3567 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 669 | 6451 | SH |  | SOLE |  | 6451 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 683 | 9621 | SH |  | SOLE |  | 9621 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 692 | 3105 | SH |  | SOLE |  | 3105 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 695 | 5483 | SH |  | SOLE |  | 5483 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 704 | 5886 | SH |  | SOLE |  | 5886 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 716 | 4686 | SH |  | SOLE |  | 4686 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 732 | 2364 | SH |  | SOLE |  | 2364 | 0 | 0 |
| EASTON CORP PLC | SHS | G29183103 |  | 737 | 2064 | SH |  | SOLE |  | 2064 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 811 | 2799 | SH |  | SOLE |  | 2799 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 820 | 1874 | SH |  | SOLE |  | 1874 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 822 | 5834 | SH |  | SOLE |  | 5834 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 836 | 8285 | SH |  | SOLE |  | 8285 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 872 | 5422 | SH |  | SOLE |  | 5422 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 879 | 6589 | SH |  | SOLE |  | 6589 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 887 | 1253 | SH |  | SOLE |  | 1253 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 912 | 2655 | SH |  | SOLE |  | 2655 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 944 | 6052 | SH |  | SOLE |  | 6052 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 1010 | 272 | SH |  | SOLE |  | 272 | 0 | 0 |
| THERMO FIHER SCIENTIFIC INC | COM | 883556102 |  | 1030 | 2540 | SH |  | SOLE |  | 2540 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1039 | 1833 | SH |  | SOLE |  | 1833 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1044 | 5030 | SH |  | SOLE |  | 5030 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 1067 | 8639 | SH |  | SOLE |  | 8639 | 0 | 0 |
| LOCKHEED MARTIN COPR | COM | 539830109 |  | 1139 | 2460 | SH |  | SOLE |  | 2460 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 1140 | 4084 | SH |  | SOLE |  | 4084 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1159 | 1171 | SH |  | SOLE |  | 1171 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1170 | 4011 | SH |  | SOLE |  | 4011 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 1178 | 3301 | SH |  | SOLE |  | 3301 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 1269 | 3964 | SH |  | SOLE |  | 3964 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1323 | 7681 | SH |  | SOLE |  | 7681 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1362 | 5850 | SH |  | SOLE |  | 5850 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 1390 | 3307 | SH |  | SOLE |  | 3307 | 0 | 0 |
| NORTHROP GUNMAN CORP | COM | 666807102 |  | 1455 | 2911 | SH |  | SOLE |  | 2911 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 1723 | 7074 | SH |  | SOLE |  | 7074 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1748 | 9530 | SH |  | SOLE |  | 9530 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 1749 | 1667 | SH |  | SOLE |  | 1667 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1795 | 5820 | SH |  | SOLE |  | 5820 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 2259 | 9480 | SH |  | SOLE |  | 9480 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 2415 | 8762 | SH |  | SOLE |  | 8762 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 11408 | 8519 | SH |  | SOLE |  | 8519 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 415 | 10078 | SH |  | SOLE |  | 10078 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 280 | 10840 | SH |  | SOLE |  | 10840 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 865 | 10924 | SH |  | SOLE |  | 10924 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 227 | 11122 | SH |  | SOLE |  | 11122 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 936 | 11683 | SH |  | SOLE |  | 11683 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 287 | 12190 | SH |  | SOLE |  | 12190 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 1129 | 12525 | SH |  | SOLE |  | 12525 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1394 | 12570 | SH |  | SOLE |  | 12570 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 263 | 12571 | SH |  | SOLE |  | 12571 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 1690 | 13150 | SH |  | SOLE |  | 13150 | 0 | 0 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 515 | 13301 | SH |  | SOLE |  | 13301 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 412 | 13599 | SH |  | SOLE |  | 13599 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 637 | 13764 | SH |  | SOLE |  | 13764 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 1473 | 14071 | SH |  | SOLE |  | 14071 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 753 | 14610 | SH |  | SOLE |  | 14610 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1377 | 15153 | SH |  | SOLE |  | 15153 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 1159 | 15299 | SH |  | SOLE |  | 15299 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 676 | 15728 | SH |  | SOLE |  | 15728 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 532 | 15744 | SH |  | SOLE |  | 15744 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 135 | 16077 | SH |  | SOLE |  | 16077 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 2286 | 17316 | SH |  | SOLE |  | 17316 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2523 | 17617 | SH |  | SOLE |  | 17617 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 878 | 18564 | SH |  | SOLE |  | 18564 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 858 | 18956 | SH |  | SOLE |  | 18956 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 341 | 19588 | SH |  | SOLE |  | 19588 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1167 | 19897 | SH |  | SOLE |  | 19897 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 390 | 20562 | SH |  | SOLE |  | 20562 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 459 | 20879 | SH |  | SOLE |  | 20879 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 697 | 21370 | SH |  | SOLE |  | 21370 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1555 | 22409 | SH |  | SOLE |  | 22409 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1984 | 22762 | SH |  | SOLE |  | 22762 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 441 | 26317 | SH |  | SOLE |  | 26317 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1835 | 27207 | SH |  | SOLE |  | 27207 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 2235 | 27375 | SH |  | SOLE |  | 27375 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 916 | 31650 | SH |  | SOLE |  | 31650 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3633 | 33702 | SH |  | SOLE |  | 33702 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 2631 | 41896 | SH |  | SOLE |  | 41896 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 1398 | 45093 | SH |  | SOLE |  | 45093 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 418 | 45481 | SH |  | SOLE |  | 45481 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 38317 | 51914 | SH |  | SOLE |  | 51914 | 0 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 964 | 52623 | SH |  | SOLE |  | 52623 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1384 | 57082 | SH |  | SOLE |  | 57082 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1141 | 62947 | SH |  | SOLE |  | 62947 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 17729 | 64316 | SH |  | SOLE |  | 64316 | 0 | 0 |
| CHUNGHWA TELECOM CO LTD | SPON ADR NEW11 | 17133Q502 |  | 315 | 68000 | SH |  | SOLE |  | 68000 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 8595 | 69311 | SH |  | SOLE |  | 69311 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 15697 | 71550 | SH |  | SOLE |  | 71550 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 4318 | 72197 | SH |  | SOLE |  | 72197 | 0 | 0 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 7294 | 77770 | SH |  | SOLE |  | 77770 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 3970 | 78982 | SH |  | SOLE |  | 78982 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 4028 | 81366 | SH |  | SOLE |  | 81366 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 2614 | 88905 | SH |  | SOLE |  | 88905 | 0 | 0 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 1805 | 92622 | SH |  | SOLE |  | 92622 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 23854 | 120949 | SH |  | SOLE |  | 120949 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 64665 | 130004 | SH |  | SOLE |  | 130004 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 10506 | 187211 | SH |  | SOLE |  | 187211 | 0 | 0 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 |  | 43824 | 200109 | SH |  | SOLE |  | 200109 | 0 | 0 |
| VERIZON COMMUNICATION INC | COM | 92343V104 |  | 8982 | 207578 | SH |  | SOLE |  | 207578 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 8229 | 230556 | SH |  | SOLE |  | 230556 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 71067 | 233826 | SH |  | SOLE |  | 233826 | 0 | 0 |
| ISHARES TR | GLB CNSM STP ETF | 464288737 |  | 15440 | 236154 | SH |  | SOLE |  | 236154 | 0 | 0 |
| SPDR SER TR | PORTFOLIO S | 78468R853 |  | 10328 | 242438 | SH |  | SOLE |  | 242438 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 60803 | 296355 | SH |  | SOLE |  | 296355 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 3734 | 298508 | SH |  | SOLE |  | 298508 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 22859 | 318457 | SH |  | SOLE |  | 318457 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 53448 | 338301 | SH |  | SOLE |  | 338301 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 63093 | 358015 | SH |  | SOLE |  | 358015 | 0 | 0 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 100610 | 405130 | SH |  | SOLE |  | 405130 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWB FDT EMK LG | 808524730 |  | 18541 | 561672 | SH |  | SOLE |  | 561672 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 25126 | 1187440 | SH |  | SOLE |  | 1187440 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 41001 | 1681738 | SH |  | SOLE |  | 1681738 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 254872 | 11091055 | SH |  | SOLE |  | 11091055 | 0 | 0 |

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