# EDGAR Filing Document

**Accession Number:** 0001929070
**File Stem:** 0001172661-23-000176
**Filing Date:** 2023-1
**Character Count:** 13250
**Document Hash:** c4082d5136dde702fb825b0c568adf44
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000176.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0001172661-23-000176

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230113

**DATE AS OF CHANGE**: 20230113

**EFFECTIVENESS DATE**: 20230113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Joule Financial, LLC
- **CENTRAL INDEX KEY:** 0001929070
- **IRS NUMBER:** 881272260
- **STATE OF INCORPORATION:** KY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22569
- **FILM NUMBER:** 23528463

**BUSINESS ADDRESS:**
- **STREET 1:** 1216 S. BROADWAY
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40504
- **BUSINESS PHONE:** 8598810777

**MAIL ADDRESS:**
- **STREET 1:** 1216 S. BROADWAY
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40504

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Joule Financial LLC<br>**Address:** 1216 S. Broadway<br>Lexington, KY 40504

**Form 13F File Number:** 028-22569

**CRD Number (if applicable):** 000320791

**SEC File Number (if applicable):** 801-125024

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:** Daniel Czulno<br>**Title:** Managing Director<br>**Phone:** 859-881-0777

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

/s/ Daniel Czulno  Lexington, KY  01-13-2023<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:** 99

**Form 13F Information Table Value Total:** $150842843

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 260532 | 2373 | SH |  | SOLE |  | 2373 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 239742 | 2804 | SH |  | SOLE |  | 2804 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 231163 | 2620 | SH |  | SOLE |  | 2620 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 459312 | 5468 | SH |  | SOLE |  | 5468 | 0 | 0 |
| AMERICAN SUPERCONDUCTOR CORP | SHS NEW | 030111207 |  | 78134 | 21232 | SH |  | SOLE |  | 21232 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 362482 | 2790 | SH |  | SOLE |  | 2790 | 0 | 0 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 1032919 | 33064 | SH |  | SOLE |  | 33064 | 0 | 0 |
| ATI INC | COM | 01741R102 |  | 242941 | 8136 | SH |  | SOLE |  | 8136 | 0 | 0 |
| BOX INC | CL A | 10316T104 |  | 280326 | 9005 | SH |  | SOLE |  | 9005 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 350684 | 4874 | SH |  | SOLE |  | 4874 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 324000 | 14292 | SH |  | SOLE |  | 14292 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 267828 | 1118 | SH |  | SOLE |  | 1118 | 0 | 0 |
| CHARGEPOINT HOLDINGS INC | COM CL A | 15961R105 |  | 180498 | 18940 | SH |  | SOLE |  | 18940 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 382134 | 2129 | SH |  | SOLE |  | 2129 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 762845 | 16013 | SH |  | SOLE |  | 16013 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 490791 | 7716 | SH |  | SOLE |  | 7716 | 0 | 0 |
| COMMERCE BANCSHARES INC | COM | 200525103 |  | 1699912 | 24973 | SH |  | SOLE |  | 24973 | 0 | 0 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 329906 | 6830 | SH |  | SOLE |  | 6830 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 346880 | 10860 | SH |  | SOLE |  | 10860 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 635284 | 2622 | SH |  | SOLE |  | 2622 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 485061 | 5205 | SH |  | SOLE |  | 5205 | 0 | 0 |
| DENISON MINES CORP | COM | 248356107 |  | 11730 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 337190 | 3881 | SH |  | SOLE |  | 3881 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 445688 | 4327 | SH |  | SOLE |  | 4327 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 249394 | 1589 | SH |  | SOLE |  | 1589 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 396295 | 4125 | SH |  | SOLE |  | 4125 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 327975 | 2973 | SH |  | SOLE |  | 2973 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 215496 | 6568 | SH |  | SOLE |  | 6568 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 1228877 | 8204 | SH |  | SOLE |  | 8204 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 347307 | 4142 | SH |  | SOLE |  | 4142 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 2344242 | 13511 | SH |  | SOLE |  | 13511 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 212624 | 619 | SH |  | SOLE |  | 619 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 202334 | 14350 | SH |  | SOLE |  | 14350 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 253432 | 9589 | SH |  | SOLE |  | 9589 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 209633 | 1488 | SH |  | SOLE |  | 1488 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 |  | 5247017 | 469322 | SH |  | SOLE |  | 469322 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 233491 | 3654 | SH |  | SOLE |  | 3654 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2023 CB | 46138J866 |  | 6608015 | 314967 | SH |  | SOLE |  | 314967 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 4780748 | 33846 | SH |  | SOLE |  | 33846 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 9829412 | 36914 | SH |  | SOLE |  | 36914 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 489548 | 1274 | SH |  | SOLE |  | 1274 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 5790509 | 58161 | SH |  | SOLE |  | 58161 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 6920853 | 65644 | SH |  | SOLE |  | 65644 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 733771 | 7661 | SH |  | SOLE |  | 7661 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 294065 | 1665 | SH |  | SOLE |  | 1665 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 675184 | 5035 | SH |  | SOLE |  | 5035 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 337304 | 922 | SH |  | SOLE |  | 922 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 225582 | 856 | SH |  | SOLE |  | 856 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 845506 | 7621 | SH |  | SOLE |  | 7621 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 361271 | 4992 | SH |  | SOLE |  | 4992 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 228541 | 4573 | SH |  | SOLE |  | 4573 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 434074 | 1810 | SH |  | SOLE |  | 1810 | 0 | 0 |
| MITEK SYS INC | COM NEW | 606710200 |  | 130495 | 13467 | SH |  | SOLE |  | 13467 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 312214 | 3672 | SH |  | SOLE |  | 3672 | 0 | 0 |
| NEW GOLD INC CDA | COM | 644535106 |  | 13877 | 14160 | SH |  | SOLE |  | 14160 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 206151 | 1564 | SH |  | SOLE |  | 1564 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 472972 | 6641 | SH |  | SOLE |  | 6641 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 422564 | 2339 | SH |  | SOLE |  | 2339 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1475081 | 28788 | SH |  | SOLE |  | 28788 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 265187 | 2432 | SH |  | SOLE |  | 2432 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 636070 | 4197 | SH |  | SOLE |  | 4197 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 297645 | 2993 | SH |  | SOLE |  | 2993 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 257245 | 2549 | SH |  | SOLE |  | 2549 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 943861 | 2818 | SH |  | SOLE |  | 2818 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 341324 | 14420 | SH |  | SOLE |  | 14420 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 342572 | 10636 | SH |  | SOLE |  | 10636 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 1253212 | 27967 | SH |  | SOLE |  | 27967 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 373860 | 7750 | SH |  | SOLE |  | 7750 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 6290716 | 155288 | SH |  | SOLE |  | 155288 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1006591 | 22294 | SH |  | SOLE |  | 22294 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 9273207 | 122759 | SH |  | SOLE |  | 122759 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 768498 | 11640 | SH |  | SOLE |  | 11640 | 0 | 0 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 637603 | 13967 | SH |  | SOLE |  | 13967 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 631387 | 9623 | SH |  | SOLE |  | 9623 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 412334 | 4714 | SH |  | SOLE |  | 4714 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 7433286 | 43818 | SH |  | SOLE |  | 43818 | 0 | 0 |
| SPDR SER TR | S REGL BKG | 78464A698 |  | 253219 | 4311 | SH |  | SOLE |  | 4311 | 0 | 0 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 784184 | 9448 | SH |  | SOLE |  | 9448 | 0 | 0 |
| STOCK YDS BANCORP INC | COM | 861025104 |  | 301702 | 4643 | SH |  | SOLE |  | 4643 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 423351 | 3437 | SH |  | SOLE |  | 3437 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 337090 | 2040 | SH |  | SOLE |  | 2040 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 203489 | 4729 | SH |  | SOLE |  | 4729 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 385615 | 15593 | SH |  | SOLE |  | 15593 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 455554 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 279072 | 9737 | SH |  | SOLE |  | 9737 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 12839480 | 178723 | SH |  | SOLE |  | 178723 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 5143013 | 131940 | SH |  | SOLE |  | 131940 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 5751079 | 137028 | SH |  | SOLE |  | 137028 | 0 | 0 |
| VANGUARD WORLD FDS | FINANCIALS ETF | 92204A405 |  | 6397292 | 77327 | SH |  | SOLE |  | 77327 | 0 | 0 |
| VANGUARD WORLD FDS | UTILITIES ETF | 92204A876 |  | 567653 | 3701 | SH |  | SOLE |  | 3701 | 0 | 0 |
| VANGUARD WORLD FDS | CONSUM DIS ETF | 92204A108 |  | 3353492 | 15311 | SH |  | SOLE |  | 15311 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 6307715 | 19748 | SH |  | SOLE |  | 19748 | 0 | 0 |
| VANGUARD WORLD FDS | COMM SRVC ETF | 92204A884 |  | 2207540 | 26839 | SH |  | SOLE |  | 26839 | 0 | 0 |
| VANGUARD WORLD FDS | MATERIALS ETF | 92204A801 |  | 478452 | 2811 | SH |  | SOLE |  | 2811 | 0 | 0 |
| VANGUARD WORLD FDS | INDUSTRIAL ETF | 92204A603 |  | 1116717 | 6114 | SH |  | SOLE |  | 6114 | 0 | 0 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 |  | 4105316 | 21430 | SH |  | SOLE |  | 21430 | 0 | 0 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 3761166 | 15163 | SH |  | SOLE |  | 15163 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 214616 | 1033 | SH |  | SOLE |  | 1033 | 0 | 0 |
| WOLFSPEED INC | COM | 977852102 |  | 717602 | 10394 | SH |  | SOLE |  | 10394 | 0 | 0 |

---