# EDGAR Filing Document

**Accession Number:** 0001848704
**File Stem:** 0001085146-25-003959
**Filing Date:** 2025-7
**Character Count:** 18561
**Document Hash:** 25971d4c7e108ea12ccdbd6702e1d39f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-003959.hdr.sgml**: 20250717

**ACCESSION NUMBER**: 0001085146-25-003959

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250717

**DATE AS OF CHANGE**: 20250717

**EFFECTIVENESS DATE**: 20250717

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MBA Advisors LLC
- **CENTRAL INDEX KEY:** 0001848704

**ORGANIZATION NAME:**
- **EIN:** 462982316
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21256
- **FILM NUMBER:** 251131836

**BUSINESS ADDRESS:**
- **STREET 1:** 295 N. KERRWOOD DRIVE
- **STREET 2:** SUITE 102
- **CITY:** HERMITAGE
- **STATE:** PA
- **ZIP:** 16148
- **BUSINESS PHONE:** 7249776275

**MAIL ADDRESS:**
- **STREET 1:** 295 N. KERRWOOD DRIVE
- **STREET 2:** SUITE 102
- **CITY:** HERMITAGE
- **STATE:** PA
- **ZIP:** 16148

### 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:** MBA Advisors LLC<br>**Address:** 295 N. KERRWOOD DRIVE<br>SUITE 102<br>HERMITAGE, PA 16148

**Form 13F File Number:** 028-21256

**CRD Number (if applicable):** 000168073

**SEC File Number (if applicable):** 801-114359

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:** John Matune<br>**Title:** Chief Compliance Officer<br>**Phone:** 724-301-1209

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

/s/John Matune  Hermitage, PA  07-17-2025<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:** 134

**Form 13F Information Table Value Total:** $216671236

      (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 |
| 3M CO | COM | 88579Y101 | BBG001S5T7X2 | 410555 | 2697 | SH |  | SOLE |  | 2696 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 433600 | 3188 | SH |  | SOLE |  | 3188 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 1044186 | 5625 | SH |  | SOLE |  | 5625 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 1595791 | 9055 | SH |  | SOLE |  | 9055 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 310787 | 1752 | SH |  | SOLE |  | 1752 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 | BBG001TBMNT5 | 1162233 | 23787 | SH |  | SOLE |  | 23787 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 773623 | 13195 | SH |  | SOLE |  | 13195 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1330804 | 6066 | SH |  | SOLE |  | 6065 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 844052 | 3023 | SH |  | SOLE |  | 3023 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 3492222 | 17021 | SH |  | SOLE |  | 17021 | 0 | 0 |
| ARK ETF TR | FINTECH INNOVA | 00214Q708 | BBG00N7YFKY9 | 375293 | 7470 | SH |  | SOLE |  | 7470 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 918393 | 1146 | SH |  | SOLE |  | 1146 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 474467 | 16395 | SH |  | SOLE |  | 16394 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 451537 | 9542 | SH |  | SOLE |  | 9542 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 863699 | 1778 | SH |  | SOLE |  | 1778 | 0 | 0 |
| BLOCK INC | CL A | 852234103 | BBG001TFLWL5 | 351809 | 5179 | SH |  | SOLE |  | 5179 | 0 | 0 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 216444 | 1033 | SH |  | SOLE |  | 1033 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 313198 | 6766 | SH |  | SOLE |  | 6766 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | BBG001S6VV46 | 287624 | 6077 | SH |  | SOLE |  | 6077 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 | BBG001S5Q6R4 | 221147 | 592 | SH |  | SOLE |  | 592 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 299615 | 772 | SH |  | SOLE |  | 771 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 701613 | 4900 | SH |  | SOLE |  | 4899 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 | BBG001S5PTM0 | 300818 | 2020 | SH |  | SOLE |  | 2020 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 770742 | 11109 | SH |  | SOLE |  | 11109 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 825228 | 11664 | SH |  | SOLE |  | 11664 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 | BBG001S5QRL4 | 241241 | 2404 | SH |  | SOLE |  | 2404 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKRZ7 | 519496 | 1020 | SH |  | SOLE |  | 1020 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 | BBG00Y2PHW26 | 4165271 | 143878 | SH |  | SOLE |  | 143878 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 | BBG011DXXVM0 | 5264740 | 82636 | SH |  | SOLE |  | 82636 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 201776 | 3570 | SH |  | SOLE |  | 3570 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 619972 | 5254 | SH |  | SOLE |  | 5254 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 405356 | 520 | SH |  | SOLE |  | 520 | 0 | 0 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 | BBG001S63XQ9 | 513044 | 9015 | SH |  | SOLE |  | 9015 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 536120 | 4021 | SH |  | SOLE |  | 4021 | 0 | 0 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 311106 | 2601 | SH |  | SOLE |  | 2601 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 | BBG001S7QT63 | 359901 | 1059 | SH |  | SOLE |  | 1059 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 1353891 | 12559 | SH |  | SOLE |  | 12559 | 0 | 0 |
| F N B CORP | COM | 302520101 | BBG001S5R1Q5 | 596614 | 40920 | SH |  | SOLE |  | 40920 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 999960 | 3885 | SH |  | SOLE |  | 3885 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | BBG01BFR8YW0 | 268133 | 3620 | SH |  | SOLE |  | 3620 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 507984 | 960 | SH |  | SOLE |  | 960 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 685401 | 2350 | SH |  | SOLE |  | 2350 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 628788 | 1715 | SH |  | SOLE |  | 1715 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 1583558 | 5372 | SH |  | SOLE |  | 5372 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 | BBG001S6H5N8 | 273064 | 6460 | SH |  | SOLE |  | 6460 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | BBG01KYQ6QS5 | 230456 | 3765 | SH |  | SOLE |  | 3765 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 7006707 | 112359 | SH |  | SOLE |  | 112359 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 441581 | 7356 | SH |  | SOLE |  | 7356 | 0 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 | BBG001S8SYN9 | 347052 | 4629 | SH |  | SOLE |  | 4629 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 | BBG001SKXPR1 | 7242574 | 87407 | SH |  | SOLE |  | 87407 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 | BBG001S8MLN3 | 1911156 | 21656 | SH |  | SOLE |  | 21656 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 478340 | 5730 | SH |  | SOLE |  | 5730 | 0 | 0 |
| ISHARES TR | CORE MSCI INTL | 46435G326 | BBG00G9DM0M7 | 6595338 | 86735 | SH |  | SOLE |  | 86735 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 1046339 | 16871 | SH |  | SOLE |  | 16871 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 | BBG001SHTRL5 | 5332754 | 39490 | SH |  | SOLE |  | 39490 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 1583295 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 | BBG001S7RSN5 | 225210 | 5732 | SH |  | SOLE |  | 5732 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 724059 | 8100 | SH |  | SOLE |  | 8100 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 | BBG002DMN4B6 | 438416 | 7874 | SH |  | SOLE |  | 7873 | 0 | 0 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 | BBG007WGM3H4 | 10656225 | 246558 | SH |  | SOLE |  | 246557 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 264358 | 1446 | SH |  | SOLE |  | 1446 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 249707 | 2390 | SH |  | SOLE |  | 2390 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 | BBG001SJCNS1 | 1374768 | 14948 | SH |  | SOLE |  | 14948 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 309011 | 1432 | SH |  | SOLE |  | 1432 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 2234039 | 20291 | SH |  | SOLE |  | 20291 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 861021 | 4406 | SH |  | SOLE |  | 4406 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE GROWTH | 46654Q609 | BBG018R2GN27 | 244783 | 2844 | SH |  | SOLE |  | 2844 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE VALUE ETF | 46641Q167 | BBG012NLLCC9 | 299073 | 4566 | SH |  | SOLE |  | 4566 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 | BBG00TSG0SK6 | 7406942 | 130289 | SH |  | SOLE |  | 130289 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 | BBG016NKZFF7 | 1139822 | 20953 | SH |  | SOLE |  | 20952 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 | BBG00GP26NW0 | 3337817 | 65861 | SH |  | SOLE |  | 65860 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | US QUALTY FCTR | 46641Q761 | BBG00J5DPW97 | 7914968 | 131806 | SH |  | SOLE |  | 131806 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 | BBG00XX898D2 | 2887624 | 56899 | SH |  | SOLE |  | 56899 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 926994 | 6069 | SH |  | SOLE |  | 6068 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 2292923 | 7909 | SH |  | SOLE |  | 7909 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 205634 | 444 | SH |  | SOLE |  | 444 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 | BBG001S169P1 | 1058287 | 6371 | SH |  | SOLE |  | 6371 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 1049224 | 3591 | SH |  | SOLE |  | 3591 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 342665 | 3931 | SH |  | SOLE |  | 3931 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 600824 | 7590 | SH |  | SOLE |  | 7590 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 1340371 | 1816 | SH |  | SOLE |  | 1816 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 3228380 | 6490 | SH |  | SOLE |  | 6490 | 0 | 0 |
| MORGAN STANLEY ETF TRUST | EATON VANCE SHRT | 61774R858 | BBG01LTGT129 | 639500 | 12790 | SH |  | SOLE |  | 12790 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 | BBG001S5TLR8 | 731612 | 8637 | SH |  | SOLE |  | 8636 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 253096 | 189 | SH |  | SOLE |  | 189 | 0 | 0 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 | BBG001SHZCF8 | 329984 | 27660 | SH |  | SOLE |  | 27660 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 | BBG001SKQWJ3 | 218400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 1861596 | 11783 | SH |  | SOLE |  | 11783 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 445568 | 2038 | SH |  | SOLE |  | 2038 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 479676 | 2344 | SH |  | SOLE |  | 2344 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 238145 | 341 | SH |  | SOLE |  | 340 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 865942 | 6558 | SH |  | SOLE |  | 6558 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 461457 | 19037 | SH |  | SOLE |  | 19037 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 800938 | 4398 | SH |  | SOLE |  | 4397 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1082349 | 6794 | SH |  | SOLE |  | 6793 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 | BBG005D266P2 | 1262979 | 12542 | SH |  | SOLE |  | 12542 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 464271 | 2915 | SH |  | SOLE |  | 2915 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 | BBG001S884K0 | 268117 | 4654 | SH |  | SOLE |  | 4654 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 635333 | 4351 | SH |  | SOLE |  | 4351 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | BBG001T5XQT9 | 4455779 | 186982 | SH |  | SOLE |  | 186981 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 8021501 | 302698 | SH |  | SOLE |  | 302698 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 9467405 | 324115 | SH |  | SOLE |  | 324115 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 9768463 | 399692 | SH |  | SOLE |  | 399691 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 | BBG001V036R6 | 2199362 | 78409 | SH |  | SOLE |  | 78408 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | BBG001S7T1S7 | 235009 | 2771 | SH |  | SOLE |  | 2771 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 | BBG001S7T232 | 687886 | 4663 | SH |  | SOLE |  | 4663 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 | BBG001S7T107 | 554725 | 6851 | SH |  | SOLE |  | 6851 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 | BBG001S7SCQ6 | 2136464 | 15850 | SH |  | SOLE |  | 15850 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 | BBG001S7TD56 | 274704 | 3364 | SH |  | SOLE |  | 3364 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 | BBG01KJQM3Z7 | 229700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 203220 | 2213 | SH |  | SOLE |  | 2213 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 1112325 | 3649 | SH |  | SOLE |  | 3649 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 | BBG001SRXRD7 | 1841410 | 43084 | SH |  | SOLE |  | 43084 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 976203 | 1580 | SH |  | SOLE |  | 1580 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 | BBG001STKCW9 | 3737906 | 40749 | SH |  | SOLE |  | 40749 | 0 | 0 |
| STANDARD LITHIUM LTD | COM | 853606101 | BBG001S8KR43 | 57820 | 29500 | SH |  | SOLE |  | 29500 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 394216 | 1241 | SH |  | SOLE |  | 1241 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG001SKR9Y6 | 403851 | 1695 | SH |  | SOLE |  | 1695 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 | BBG001ST39R1 | 13956447 | 180456 | SH |  | SOLE |  | 180455 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 1478122 | 20075 | SH |  | SOLE |  | 20075 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 | BBG001SHTTQ6 | 229451 | 804 | SH |  | SOLE |  | 804 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 285324 | 1204 | SH |  | SOLE |  | 1204 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 1345699 | 20019 | SH |  | SOLE |  | 20019 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 485104 | 9808 | SH |  | SOLE |  | 9808 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | BBG001T62M74 | 830091 | 14122 | SH |  | SOLE |  | 14122 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 233683 | 4099 | SH |  | SOLE |  | 4098 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 1057148 | 7930 | SH |  | SOLE |  | 7930 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 | BBG00C868SD7 | 1436452 | 17931 | SH |  | SOLE |  | 17931 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 906514 | 20950 | SH |  | SOLE |  | 20950 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 513541 | 5252 | SH |  | SOLE |  | 5252 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 411025 | 1796 | SH |  | SOLE |  | 1796 | 0 | 0 |
| WISDOMTREE TR | EMER MKT HIGH FD | 97717W315 | BBG001SV1SY8 | 1125049 | 24841 | SH |  | SOLE |  | 24841 | 0 | 0 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 | BBG005YHYNG8 | 2577254 | 51227 | SH |  | SOLE |  | 51227 | 0 | 0 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 | BBG004LMH3Z6 | 9369787 | 111891 | SH |  | SOLE |  | 111891 | 0 | 0 |

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