# EDGAR Filing Document

**Accession Number:** 0001806473
**File Stem:** 0001172661-25-002655
**Filing Date:** 2025-7
**Character Count:** 23944
**Document Hash:** 69086b9ebc75b0377a1910d1ebd2e322
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-002655.hdr.sgml**: 20250721

**ACCESSION NUMBER**: 0001172661-25-002655

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250721

**DATE AS OF CHANGE**: 20250721

**EFFECTIVENESS DATE**: 20250721

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TFG Advisers LLC
- **CENTRAL INDEX KEY:** 0001806473

**ORGANIZATION NAME:**
- **EIN:** 821215710
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20204
- **FILM NUMBER:** 251135980

**BUSINESS ADDRESS:**
- **STREET 1:** 3121 UNIVERSITY DRIVE
- **STREET 2:** SUITE 100
- **CITY:** AUBURN HILLS
- **STATE:** MI
- **ZIP:** 48326
- **BUSINESS PHONE:** 248-724-0090

**MAIL ADDRESS:**
- **STREET 1:** 3121 UNIVERSITY DRIVE
- **STREET 2:** SUITE 100
- **CITY:** AUBURN HILLS
- **STATE:** MI
- **ZIP:** 48326

### 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:** TFG Advisers LLC<br>**Address:** 3121 University Drive<br>Suite 100<br>Auburn Hills, MI 48326

**Form 13F File Number:** 028-20204

**CRD Number (if applicable):** 000288787

**SEC File Number (if applicable):** 801-111790

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:** Timothy P. Atkinson<br>**Title:** Chief Compliance Officer<br>**Phone:** 248-724-0090

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

/s/ Timothy P. Atkinson  Auburn Hills, MI  07-21-2025<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:** 208

**Form 13F Information Table Value Total:** $291906072

      (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 |  | 317030 | 2082 | SH |  | SOLE |  | 0 | 0 | 2082 |
| ABBOTT LABS | COM | 002824100 |  | 797855 | 5866 | SH |  | SOLE |  | 0 | 0 | 5866 |
| ABBVIE INC | COM | 00287Y109 |  | 3882727 | 20918 | SH |  | SOLE |  | 0 | 0 | 20918 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 909396 | 3043 | SH |  | SOLE |  | 0 | 0 | 3043 |
| ADOBE INC | COM | 00724F101 |  | 221682 | 573 | SH |  | SOLE |  | 0 | 0 | 573 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 677446 | 4774 | SH |  | SOLE |  | 0 | 0 | 4774 |
| AFLAC INC | COM | 001055102 |  | 444514 | 4215 | SH |  | SOLE |  | 0 | 0 | 4215 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 466315 | 1653 | SH |  | SOLE |  | 0 | 0 | 1653 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4276088 | 24264 | SH |  | SOLE |  | 0 | 0 | 24264 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 277685 | 4736 | SH |  | SOLE |  | 0 | 0 | 4736 |
| AMAZON COM INC | COM | 023135106 |  | 7598622 | 34635 | SH |  | SOLE |  | 0 | 0 | 34635 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 2285431 | 22026 | SH |  | SOLE |  | 0 | 0 | 22026 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 3577521 | 16186 | SH |  | SOLE |  | 0 | 0 | 16186 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 705038 | 5068 | SH |  | SOLE |  | 0 | 0 | 5068 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 848717 | 8595 | SH |  | SOLE |  | 0 | 0 | 8595 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 |  | 295302 | 3419 | SH |  | SOLE |  | 0 | 0 | 3419 |
| APPLE INC | COM | 037833100 |  | 15533404 | 75710 | SH |  | SOLE |  | 0 | 0 | 75710 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 1413567 | 64370 | SH |  | SOLE |  | 0 | 0 | 64370 |
| AT INC | COM | 00206R102 |  | 517780 | 17891 | SH |  | SOLE |  | 0 | 0 | 17891 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 7454851 | 24173 | SH |  | SOLE |  | 0 | 0 | 24173 |
| BADGER METER INC | COM | 056525108 |  | 527024 | 2152 | SH |  | SOLE |  | 0 | 0 | 2152 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 236084 | 486 | SH |  | SOLE |  | 0 | 0 | 486 |
| BOEING CO | COM | 097023105 |  | 591073 | 2821 | SH |  | SOLE |  | 0 | 0 | 2821 |
| BROADCOM INC | COM | 11135F101 |  | 592636 | 2150 | SH |  | SOLE |  | 0 | 0 | 2150 |
| CALAMOS CONV  HIGH INCOME F | COM SHS | 12811P108 |  | 157532 | 14334 | SH |  | SOLE |  | 0 | 0 | 14334 |
| CALAMOS CONV OPPORTUNITIES | SH BEN INT | 128117108 |  | 426158 | 40509 | SH |  | SOLE |  | 0 | 0 | 40509 |
| CALAMOS STRATEGIC TOTAL RETU | COM SH BEN INT | 128125101 |  | 267944 | 14690 | SH |  | SOLE |  | 0 | 0 | 14690 |
| CAMBRIA ETF TR | SHSHLD YIELD ETF | 132061201 |  | 756085 | 11627 | SH |  | SOLE |  | 0 | 0 | 11627 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 415010 | 3989 | SH |  | SOLE |  | 0 | 0 | 3989 |
| CARLISLE COS INC | COM | 142339100 |  | 584426 | 1565 | SH |  | SOLE |  | 0 | 0 | 1565 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 575440 | 7862 | SH |  | SOLE |  | 0 | 0 | 7862 |
| CATERPILLAR INC | COM | 149123101 |  | 692966 | 1785 | SH |  | SOLE |  | 0 | 0 | 1785 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3024321 | 21121 | SH |  | SOLE |  | 0 | 0 | 21121 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 346173 | 6165 | SH |  | SOLE |  | 0 | 0 | 6165 |
| CHUBB LIMITED | COM | H1467J104 |  | 2337266 | 8067 | SH |  | SOLE |  | 0 | 0 | 8067 |
| CISCO SYS INC | COM | 17275R102 |  | 3363341 | 48477 | SH |  | SOLE |  | 0 | 0 | 48477 |
| COCA COLA CO | COM | 191216100 |  | 1987971 | 28099 | SH |  | SOLE |  | 0 | 0 | 28099 |
| COHEN  STEERS REIT  PFD | COM | 19247X100 |  | 271386 | 11919 | SH |  | SOLE |  | 0 | 0 | 11919 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 554017 | 6095 | SH |  | SOLE |  | 0 | 0 | 6095 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 389730 | 10920 | SH |  | SOLE |  | 0 | 0 | 10920 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 273257 | 2723 | SH |  | SOLE |  | 0 | 0 | 2723 |
| CORNING INC | COM | 219350105 |  | 1180065 | 22439 | SH |  | SOLE |  | 0 | 0 | 22439 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 8706096 | 8795 | SH |  | SOLE |  | 0 | 0 | 8795 |
| CRH PLC | ORD | G25508105 |  | 450187 | 4904 | SH |  | SOLE |  | 0 | 0 | 4904 |
| CUMMINS INC | COM | 231021106 |  | 1568184 | 4788 | SH |  | SOLE |  | 0 | 0 | 4788 |
| DISNEY WALT CO | COM | 254687106 |  | 281829 | 2273 | SH |  | SOLE |  | 0 | 0 | 2273 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 568458 | 10058 | SH |  | SOLE |  | 0 | 0 | 10058 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 967084 | 2146 | SH |  | SOLE |  | 0 | 0 | 2146 |
| DONALDSON INC | COM | 257651109 |  | 403570 | 5819 | SH |  | SOLE |  | 0 | 0 | 5819 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 652943 | 5941 | SH |  | SOLE |  | 0 | 0 | 5941 |
| DTE ENERGY CO | COM | 233331107 |  | 775207 | 5852 | SH |  | SOLE |  | 0 | 0 | 5852 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 664889 | 5635 | SH |  | SOLE |  | 0 | 0 | 5635 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 561828 | 8191 | SH |  | SOLE |  | 0 | 0 | 8191 |
| ELI LILLY  CO | COM | 532457108 |  | 2698320 | 3461 | SH |  | SOLE |  | 0 | 0 | 3461 |
| EMERSON ELEC CO | COM | 291011104 |  | 334803 | 2511 | SH |  | SOLE |  | 0 | 0 | 2511 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 1046693 | 28182 | SH |  | SOLE |  | 0 | 0 | 28182 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1998908 | 18543 | SH |  | SOLE |  | 0 | 0 | 18543 |
| FASTENAL CO | COM | 311900104 |  | 624704 | 14874 | SH |  | SOLE |  | 0 | 0 | 14874 |
| FEDEX CORP | COM | 31428X106 |  | 1142121 | 5025 | SH |  | SOLE |  | 0 | 0 | 5025 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 235500 | 13230 | SH |  | SOLE |  | 0 | 0 | 13230 |
| FIRST TR EXCHANGE TRADED FD | DJ GLBL DIVID | 33734X200 |  | 239426 | 8694 | SH |  | SOLE |  | 0 | 0 | 8694 |
| FIRST TR EXCHANGE TRADED FD | FINLS ALPHADEX | 33734X135 |  | 329571 | 5879 | SH |  | SOLE |  | 0 | 0 | 5879 |
| FIRST TR EXCHANGE TRADED FD | TECH ALPHADEX | 33734X176 |  | 1462028 | 9291 | SH |  | SOLE |  | 0 | 0 | 9291 |
| FIRST TR EXCHANGE TRADED FD | NASD TECH DIV | 33738R118 |  | 1737551 | 19270 | SH |  | SOLE |  | 0 | 0 | 19270 |
| FIRST TR EXCHANGE-TRADED ALP | COM SHS | 33734Y109 |  | 292020 | 3002 | SH |  | SOLE |  | 0 | 0 | 3002 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 497183 | 1846 | SH |  | SOLE |  | 0 | 0 | 1846 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 33734H106 |  | 2506192 | 56067 | SH |  | SOLE |  | 0 | 0 | 56067 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 265784 | 4439 | SH |  | SOLE |  | 0 | 0 | 4439 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 |  | 748587 | 16313 | SH |  | SOLE |  | 0 | 0 | 16313 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 337345102 |  | 1492455 | 7012 | SH |  | SOLE |  | 0 | 0 | 7012 |
| FIRST TR SR FLTG RATE INCOME | COM | 33733U108 |  | 2260926 | 222532 | SH |  | SOLE |  | 0 | 0 | 222532 |
| FORD MTR CO | COM | 345370860 |  | 469413 | 43264 | SH |  | SOLE |  | 0 | 0 | 43264 |
| FORMULA SYSTEMS 1985 LTD | SPONSORED ADS | 346414105 |  | 931085 | 7288 | SH |  | SOLE |  | 0 | 0 | 7288 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 910789 | 21010 | SH |  | SOLE |  | 0 | 0 | 21010 |
| GE AEROSPACE | COM NEW | 369604301 |  | 457071 | 1776 | SH |  | SOLE |  | 0 | 0 | 1776 |
| GENERAL MLS INC | COM | 370334104 |  | 432471 | 8347 | SH |  | SOLE |  | 0 | 0 | 8347 |
| GENUINE PARTS CO | COM | 372460105 |  | 266728 | 2199 | SH |  | SOLE |  | 0 | 0 | 2199 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 361376 | 3259 | SH |  | SOLE |  | 0 | 0 | 3259 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2839608 | 4012 | SH |  | SOLE |  | 0 | 0 | 4012 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 1194988 | 65371 | SH |  | SOLE |  | 0 | 0 | 65371 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 607885 | 2282 | SH |  | SOLE |  | 0 | 0 | 2282 |
| HOME DEPOT INC | COM | 437076102 |  | 2821114 | 7695 | SH |  | SOLE |  | 0 | 0 | 7695 |
| HONEYWELL INTL INC | COM | 438516106 |  | 993307 | 4265 | SH |  | SOLE |  | 0 | 0 | 4265 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 760930 | 4088 | SH |  | SOLE |  | 0 | 0 | 4088 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 2092033 | 8461 | SH |  | SOLE |  | 0 | 0 | 8461 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 3655680 | 12401 | SH |  | SOLE |  | 0 | 0 | 12401 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 541778 | 997 | SH |  | SOLE |  | 0 | 0 | 997 |
| INVESCO EXCH TRADED FD TR II | CEF INM COMPSI | 46138E404 |  | 293057 | 14998 | SH |  | SOLE |  | 0 | 0 | 14998 |
| INVESCO EXCH TRADED FD TR II | S SMLCP INDL | 46138E123 |  | 248479 | 1853 | SH |  | SOLE |  | 0 | 0 | 1853 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 734558 | 10087 | SH |  | SOLE |  | 0 | 0 | 10087 |
| INVESCO EXCHANGE TRADED FD T | S EQL STP | 46137V373 |  | 415422 | 13861 | SH |  | SOLE |  | 0 | 0 | 13861 |
| INVESCO EXCHANGE TRADED FD T | INTL DIVI ACHI | 46137V548 |  | 1616468 | 78852 | SH |  | SOLE |  | 0 | 0 | 78852 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1227731 | 2226 | SH |  | SOLE |  | 0 | 0 | 2226 |
| IRON MTN INC DEL | COM | 46284V101 |  | 2595682 | 25306 | SH |  | SOLE |  | 0 | 0 | 25306 |
| ISHARES TR | CORE S ETF | 464287200 |  | 282357 | 455 | SH |  | SOLE |  | 0 | 0 | 455 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 839665 | 9393 | SH |  | SOLE |  | 0 | 0 | 9393 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 259732 | 2824 | SH |  | SOLE |  | 0 | 0 | 2824 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 243518 | 574 | SH |  | SOLE |  | 0 | 0 | 574 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 268223 | 2447 | SH |  | SOLE |  | 0 | 0 | 2447 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1024654 | 16521 | SH |  | SOLE |  | 0 | 0 | 16521 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 236341 | 6848 | SH |  | SOLE |  | 0 | 0 | 6848 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 508227 | 2355 | SH |  | SOLE |  | 0 | 0 | 2355 |
| ISHARES TR | S 100 ETF | 464287101 |  | 3532707 | 11607 | SH |  | SOLE |  | 0 | 0 | 11607 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 354010 | 2679 | SH |  | SOLE |  | 0 | 0 | 2679 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1995209 | 65033 | SH |  | SOLE |  | 0 | 0 | 65033 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 208499 | 2292 | SH |  | SOLE |  | 0 | 0 | 2292 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 210554 | 1152 | SH |  | SOLE |  | 0 | 0 | 1152 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 250284 | 876 | SH |  | SOLE |  | 0 | 0 | 876 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 607823 | 3508 | SH |  | SOLE |  | 0 | 0 | 3508 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1557506 | 14251 | SH |  | SOLE |  | 0 | 0 | 14251 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 4128242 | 81457 | SH |  | SOLE |  | 0 | 0 | 81457 |
| JABIL INC | COM | 466313103 |  | 349383 | 1602 | SH |  | SOLE |  | 0 | 0 | 1602 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1712674 | 11212 | SH |  | SOLE |  | 0 | 0 | 11212 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 10587075 | 36518 | SH |  | SOLE |  | 0 | 0 | 36518 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 998458 | 33961 | SH |  | SOLE |  | 0 | 0 | 33961 |
| KLA CORP | COM NEW | 482480100 |  | 1960287 | 2188 | SH |  | SOLE |  | 0 | 0 | 2188 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1417041 | 5649 | SH |  | SOLE |  | 0 | 0 | 5649 |
| LINDE PLC | SHS | G54950103 |  | 1752726 | 3736 | SH |  | SOLE |  | 0 | 0 | 3736 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1318937 | 2848 | SH |  | SOLE |  | 0 | 0 | 2848 |
| LOWES COS INC | COM | 548661107 |  | 287052 | 1294 | SH |  | SOLE |  | 0 | 0 | 1294 |
| MARATHON PETE CORP | COM | 56585A102 |  | 215524 | 1297 | SH |  | SOLE |  | 0 | 0 | 1297 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1220012 | 4465 | SH |  | SOLE |  | 0 | 0 | 4465 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 323661 | 590 | SH |  | SOLE |  | 0 | 0 | 590 |
| MASCO CORP | COM | 574599106 |  | 227307 | 3532 | SH |  | SOLE |  | 0 | 0 | 3532 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 893482 | 1590 | SH |  | SOLE |  | 0 | 0 | 1590 |
| MCDONALDS CORP | COM | 580135101 |  | 1707211 | 5843 | SH |  | SOLE |  | 0 | 0 | 5843 |
| MERCK  CO INC | COM | 58933Y105 |  | 514532 | 6500 | SH |  | SOLE |  | 0 | 0 | 6500 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1316318 | 1783 | SH |  | SOLE |  | 0 | 0 | 1783 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1446756 | 20559 | SH |  | SOLE |  | 0 | 0 | 20559 |
| MICROSOFT CORP | COM | 594918104 |  | 15094780 | 30347 | SH |  | SOLE |  | 0 | 0 | 30347 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 693499 | 10283 | SH |  | SOLE |  | 0 | 0 | 10283 |
| MUELLER INDS INC | COM | 624756102 |  | 206930 | 2604 | SH |  | SOLE |  | 0 | 0 | 2604 |
| NETFLIX INC | COM | 64110L106 |  | 376296 | 281 | SH |  | SOLE |  | 0 | 0 | 281 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2439590 | 35142 | SH |  | SOLE |  | 0 | 0 | 35142 |
| NIKE INC | CL B | 654106103 |  | 307523 | 4329 | SH |  | SOLE |  | 0 | 0 | 4329 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 1463367 | 5717 | SH |  | SOLE |  | 0 | 0 | 5717 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 208266 | 417 | SH |  | SOLE |  | 0 | 0 | 417 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 10956073 | 69347 | SH |  | SOLE |  | 0 | 0 | 69347 |
| OMNICOM GROUP INC | COM | 681919106 |  | 945361 | 13141 | SH |  | SOLE |  | 0 | 0 | 13141 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 324468 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 955187 | 4668 | SH |  | SOLE |  | 0 | 0 | 4668 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 1506564 | 2157 | SH |  | SOLE |  | 0 | 0 | 2157 |
| PAYCHEX INC | COM | 704326107 |  | 589977 | 4056 | SH |  | SOLE |  | 0 | 0 | 4056 |
| PEPSICO INC | COM | 713448108 |  | 2323169 | 17594 | SH |  | SOLE |  | 0 | 0 | 17594 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 494071 | 2713 | SH |  | SOLE |  | 0 | 0 | 2713 |
| PHILLIPS 66 | COM | 718546104 |  | 261151 | 2189 | SH |  | SOLE |  | 0 | 0 | 2189 |
| PIMCO CORPORATE  INCOME OPP | COM | 72201B101 |  | 166609 | 11978 | SH |  | SOLE |  | 0 | 0 | 11978 |
| PIMCO ETF TR | 0-5 HIGH YIELD | 72201R783 |  | 667922 | 7030 | SH |  | SOLE |  | 0 | 0 | 7030 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 514282 | 5115 | SH |  | SOLE |  | 0 | 0 | 5115 |
| PPG INDS INC | COM | 693506107 |  | 571525 | 5024 | SH |  | SOLE |  | 0 | 0 | 5024 |
| PPL CORP | COM | 69351T106 |  | 416339 | 12285 | SH |  | SOLE |  | 0 | 0 | 12285 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 268150 | 2779 | SH |  | SOLE |  | 0 | 0 | 2779 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 3368358 | 21142 | SH |  | SOLE |  | 0 | 0 | 21142 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1878598 | 17485 | SH |  | SOLE |  | 0 | 0 | 17485 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 683235 | 2329 | SH |  | SOLE |  | 0 | 0 | 2329 |
| QUALCOMM INC | COM | 747525103 |  | 1588249 | 9973 | SH |  | SOLE |  | 0 | 0 | 9973 |
| REALTY INCOME CORP | COM | 756109104 |  | 844779 | 14664 | SH |  | SOLE |  | 0 | 0 | 14664 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 285360 | 1157 | SH |  | SOLE |  | 0 | 0 | 1157 |
| RTX CORPORATION | COM | 75513E101 |  | 669019 | 4582 | SH |  | SOLE |  | 0 | 0 | 4582 |
| SALESFORCE INC | COM | 79466L302 |  | 898362 | 3294 | SH |  | SOLE |  | 0 | 0 | 3294 |
| SANMINA CORPORATION | COM | 801056102 |  | 411277 | 4204 | SH |  | SOLE |  | 0 | 0 | 4204 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 416894 | 4569 | SH |  | SOLE |  | 0 | 0 | 4569 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 483922 | 18261 | SH |  | SOLE |  | 0 | 0 | 18261 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 470305 | 6311 | SH |  | SOLE |  | 0 | 0 | 6311 |
| SOUTHERN CO | COM | 842587107 |  | 2599593 | 28309 | SH |  | SOLE |  | 0 | 0 | 28309 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 481026 | 1578 | SH |  | SOLE |  | 0 | 0 | 1578 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 271097 | 6343 | SH |  | SOLE |  | 0 | 0 | 6343 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 787288 | 1274 | SH |  | SOLE |  | 0 | 0 | 1274 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 558377 | 986 | SH |  | SOLE |  | 0 | 0 | 986 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 504391 | 9275 | SH |  | SOLE |  | 0 | 0 | 9275 |
| SPDR SERIES TRUST | BBG CONV SEC ETF | 78464A359 |  | 3160931 | 38240 | SH |  | SOLE |  | 0 | 0 | 38240 |
| SPDR SERIES TRUST | PORTFLI HIGH YLD | 78468R606 |  | 593715 | 24946 | SH |  | SOLE |  | 0 | 0 | 24946 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 1610829 | 11868 | SH |  | SOLE |  | 0 | 0 | 11868 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 |  | 350240 | 4677 | SH |  | SOLE |  | 0 | 0 | 4677 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 2290838 | 53776 | SH |  | SOLE |  | 0 | 0 | 53776 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 1388561 | 19103 | SH |  | SOLE |  | 0 | 0 | 19103 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 4013059 | 96491 | SH |  | SOLE |  | 0 | 0 | 96491 |
| STARBUCKS CORP | COM | 855244109 |  | 576371 | 6290 | SH |  | SOLE |  | 0 | 0 | 6290 |
| STRYKER CORPORATION | COM | 863667101 |  | 5440837 | 13752 | SH |  | SOLE |  | 0 | 0 | 13752 |
| TARGA RES CORP | COM | 87612G101 |  | 1778336 | 10216 | SH |  | SOLE |  | 0 | 0 | 10216 |
| TOPBUILD CORP | COM | 89055F103 |  | 924999 | 2857 | SH |  | SOLE |  | 0 | 0 | 2857 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 446116 | 6074 | SH |  | SOLE |  | 0 | 0 | 6074 |
| UNION PAC CORP | COM | 907818108 |  | 3339875 | 14516 | SH |  | SOLE |  | 0 | 0 | 14516 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 832977 | 8252 | SH |  | SOLE |  | 0 | 0 | 8252 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2327705 | 7461 | SH |  | SOLE |  | 0 | 0 | 7461 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 568502 | 4229 | SH |  | SOLE |  | 0 | 0 | 4229 |
| VANECK ETF TRUST | FALLEN ANGEL HG | 92189F437 |  | 1001194 | 34194 | SH |  | SOLE |  | 0 | 0 | 34194 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 570279 | 1876 | SH |  | SOLE |  | 0 | 0 | 1876 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 454918 | 1038 | SH |  | SOLE |  | 0 | 0 | 1038 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1227051 | 5178 | SH |  | SOLE |  | 0 | 0 | 5178 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 275432 | 995 | SH |  | SOLE |  | 0 | 0 | 995 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 1020917 | 3648 | SH |  | SOLE |  | 0 | 0 | 3648 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 375467 | 7591 | SH |  | SOLE |  | 0 | 0 | 7591 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1982848 | 9688 | SH |  | SOLE |  | 0 | 0 | 9688 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 858565 | 6440 | SH |  | SOLE |  | 0 | 0 | 6440 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1441084 | 33304 | SH |  | SOLE |  | 0 | 0 | 33304 |
| VISA INC | COM CL A | 92826C839 |  | 4601309 | 12960 | SH |  | SOLE |  | 0 | 0 | 12960 |
| VULCAN MATLS CO | COM | 929160109 |  | 380266 | 1458 | SH |  | SOLE |  | 0 | 0 | 1458 |
| WALMART INC | COM | 931142103 |  | 878593 | 8985 | SH |  | SOLE |  | 0 | 0 | 8985 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 886873 | 5429 | SH |  | SOLE |  | 0 | 0 | 5429 |
| WISDOMTREE TR | GLB US QTLY DIV | 97717W844 |  | 887637 | 22042 | SH |  | SOLE |  | 0 | 0 | 22042 |
| WISDOMTREE TR | US SMALLCAP DIVD | 97717W604 |  | 1427024 | 44931 | SH |  | SOLE |  | 0 | 0 | 44931 |
| WISDOMTREE TR | EUROPE SMCP DV | 97717W869 |  | 292000 | 4164 | SH |  | SOLE |  | 0 | 0 | 4164 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 |  | 3224699 | 64340 | SH |  | SOLE |  | 0 | 0 | 64340 |
| WORKDAY INC | CL A | 98138H101 |  | 301920 | 1258 | SH |  | SOLE |  | 0 | 0 | 1258 |
| WP CAREY INC | COM | 92936U109 |  | 1404991 | 22523 | SH |  | SOLE |  | 0 | 0 | 22523 |
| XYLEM INC | COM | 98419M100 |  | 588137 | 4547 | SH |  | SOLE |  | 0 | 0 | 4547 |
| ZOETIS INC | CL A | 98978V103 |  | 442185 | 2835 | SH |  | SOLE |  | 0 | 0 | 2835 |

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