# EDGAR Filing Document

**Accession Number:** 0001582813
**File Stem:** 0001582813-26-000001
**Filing Date:** 2026-2
**Character Count:** 25864
**Document Hash:** 0cd4ef9c53a55aecfc5db838fb229b22
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001582813-26-000001.hdr.sgml**: 20260209

**ACCESSION NUMBER**: 0001582813-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260209

**DATE AS OF CHANGE**: 20260206

**EFFECTIVENESS DATE**: 20260209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New England Private Wealth Advisors LLC
- **CENTRAL INDEX KEY:** 0001582813

**ORGANIZATION NAME:**
- **EIN:** 202021915
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15579
- **FILM NUMBER:** 26609180

**BUSINESS ADDRESS:**
- **STREET 1:** 36 WASHINGTON STREET
- **STREET 2:** SUITE 280
- **CITY:** WELLESLEY
- **STATE:** MA
- **ZIP:** 02481
- **BUSINESS PHONE:** 781-416-1700

**MAIL ADDRESS:**
- **STREET 1:** 36 WASHINGTON STREET
- **STREET 2:** SUITE 280
- **CITY:** WELLESLEY
- **STATE:** MA
- **ZIP:** 02481

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** New England Private Wealth Advisors LLC<br>**Address:** 36 WASHINGTON STREET<br>SUITE 280<br>WELLESLEY, MA 02481

**Form 13F File Number:** 028-15579

**CRD Number (if applicable):** 000133790

**SEC File Number (if applicable):** 801-63830

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:** Melissa.Boccaci<br>**Title:** Chief Compliance Officer<br>**Phone:** 781-416-1707

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

/s/  Melissa.Boccaci  Wellesley, MA  02-06-2026<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:** 187

**Form 13F Information Table Value Total:** $1660000359

      (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 |
| AB ACTIVE ETFS INC | CALIFORNIA INTER | 00039J772 | BBG01XHF5LV8 | 212904 | 8484 | SH |  | SOLE |  | 0 | 0 | 8484 |
| ALLSPRING GLOBAL DIVIDEND OP | COM | 94987C103 | BBG001SM51M6 | 77848 | 13353 | SH |  | SOLE |  | 0 | 0 | 13353 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 | BBG00Q9MQZW3 | 2848486 | 27932 | SH |  | SOLE |  | 0 | 0 | 27932 |
| AMPLIFY ETF TR | BLOCKCHAIN TECHN | 032108607 | BBG00JRH3FV0 | 486497 | 8552 | SH |  | SOLE |  | 0 | 0 | 8552 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 | BBG007FJMV49 | 1164237 | 15136 | SH |  | SOLE |  | 0 | 0 | 15136 |
| BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 | BBG001SJQLG3 | 375984 | 42245 | SH |  | SOLE |  | 0 | 0 | 42245 |
| BLACKROCK ETF TRUST II | ISHARES AAA CLO | 092528504 | BBG01C8315P7 | 517446 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 | BBG01GQYLJY8 | 288082 | 5459 | SH |  | SOLE |  | 0 | 0 | 5459 |
| BROADSTONE NET LEASE INC | COM | 11135E203 | BBG001T61WG3 | 27425678 | 1578911 | SH |  | SOLE |  | 0 | 0 | 1578911 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 | BBG015H8BXT5 | 22144718 | 507441 | SH |  | SOLE |  | 0 | 0 | 507441 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 | BBG01633Y2Y6 | 2406278 | 63323 | SH |  | SOLE |  | 0 | 0 | 63323 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 | BBG0177CTQC7 | 1237804 | 26568 | SH |  | SOLE |  | 0 | 0 | 26568 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 | BBG011DXY0L8 | 9383561 | 157601 | SH |  | SOLE |  | 0 | 0 | 157601 |
| EA SERIES TRUST | FREEDOM 100 EM | 02072L607 | BBG00P7KKMR2 | 5887010 | 114824 | SH |  | SOLE |  | 0 | 0 | 114824 |
| ETF SER SOLUTIONS | COLTERPOINT NET | 26922A248 | BBG00NNW97K6 | 474415 | 19995 | SH |  | SOLE |  | 0 | 0 | 19995 |
| ETF SER SOLUTIONS | DEFIANCE QUANTUM | 26922A420 | BBG00LWJ3BF2 | 7628463 | 69565 | SH |  | SOLE |  | 0 | 0 | 69565 |
| EXCHANGE LISTED FDS TR | SABA INT RATE | 30151E806 | BBG00G3T51V5 | 8818376 | 382742 | SH |  | SOLE |  | 0 | 0 | 382742 |
| FIDELITY COVINGTON TRUST | ENHANCED LARGE | 316092113 | BBG01K4JD281 | 1235969 | 32381 | SH |  | SOLE |  | 0 | 0 | 32381 |
| FIDELITY COVINGTON TRUST | HIGH DIVID ETF | 316092840 | BBG00DR7RGF5 | 364974 | 6438 | SH |  | SOLE |  | 0 | 0 | 6438 |
| FIDELITY COVINGTON TRUST | MSCI RL EST ETF | 316092857 | BBG008229899 | 666900 | 24801 | SH |  | SOLE |  | 0 | 0 | 24801 |
| FIDELITY COVINGTON TRUST | SML MID MLTFCT | 316092527 | BBG00NFRNCH3 | 249429 | 5652 | SH |  | SOLE |  | 0 | 0 | 5652 |
| FIDELITY COVINGTON TRUST | VLU FACTOR ETF | 316092782 | BBG00DRGLK53 | 313068 | 4332 | SH |  | SOLE |  | 0 | 0 | 4332 |
| FIDELITY MERRIMACK STR TR | LOW DURTIN ETF | 316188408 | BBG00L4J9BR4 | 361685 | 7201 | SH |  | SOLE |  | 0 | 0 | 7201 |
| FIRST TR EXCHANGE TRADED FD | NASD TECH DIV | 33738R118 | BBG00393GRN5 | 13823421 | 142745 | SH |  | SOLE |  | 0 | 0 | 142745 |
| FIRST TR EXCHANGE-TRADED FD | NASDAQ-100 SEL | 337344105 | BBG001SNH6H6 | 9861641 | 69385 | SH |  | SOLE |  | 0 | 0 | 69385 |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 33738D101 | BBG0034YTRP6 | 11743949 | 310112 | SH |  | SOLE |  | 0 | 0 | 310112 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 | BBG004HQLXB7 | 81455326 | 1774626 | SH |  | SOLE |  | 0 | 0 | 1774626 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 336917109 | BBG001SP68G0 | 1060030 | 23907 | SH |  | SOLE |  | 0 | 0 | 23907 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 33734H106 | BBG001SLWD88 | 35149342 | 762790 | SH |  | SOLE |  | 0 | 0 | 762790 |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN DYN MUN | 35473P868 | BBG00HLJ4LS6 | 13078537 | 525876 | SH |  | SOLE |  | 0 | 0 | 525876 |
| GABELLI EQUITY TR INC | COM | 362397101 | BBG001S5RFR3 | 70622 | 11446 | SH |  | SOLE |  | 0 | 0 | 11446 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 | BBG01J6K2RX8 | 569680 | 8793 | SH |  | SOLE |  | 0 | 0 | 8793 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 | BBG00G5CR9C0 | 9804784 | 205164 | SH |  | SOLE |  | 0 | 0 | 205164 |
| GMO ETF TRUST | GMO US QUALITY E | 90139K100 | BBG01K0RTLB4 | 7154505 | 186025 | SH |  | SOLE |  | 0 | 0 | 186025 |
| GOLDMAN SACHS ETF TR | INNOVAT EQ ETF | 38149W820 | BBG00Y3MQ567 | 915320 | 12521 | SH |  | SOLE |  | 0 | 0 | 12521 |
| GUGGENHEIM STRATEGIC OPPORTU | COM SBI | 40167F101 | BBG001STTSL7 | 558052 | 43327 | SH |  | SOLE |  | 0 | 0 | 43327 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 | BBG001T0NSB6 | 13816595 | 1227261 | SH |  | SOLE |  | 0 | 0 | 1227261 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 | BBG001V18CG8 | 26965611 | 377564 | SH |  | SOLE |  | 0 | 0 | 377564 |
| INVESCO EXCHANGE TRADED FD T | AEROSPACE DEFN | 46137V100 | BBG001S8JG85 | 6496473 | 41477 | SH |  | SOLE |  | 0 | 0 | 41477 |
| INVESCO EXCHANGE TRADED FD T | LARGE CAP GROWTH | 46137V746 | BBG001S9FH85 | 2013905 | 15844 | SH |  | SOLE |  | 0 | 0 | 15844 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 | BBG001S6H5N8 | 4867088 | 103732 | SH |  | SOLE |  | 0 | 0 | 103732 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1500 | 46137V597 | BBG001SPSDJ2 | 1150156 | 25063 | SH |  | SOLE |  | 0 | 0 | 25063 |
| INVESCO EXCHANGE TRADED FD T | S MDCP400 PR | 46137V217 | BBG00KJR2XY3 | 9730923 | 185580 | SH |  | SOLE |  | 0 | 0 | 185580 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 10070958 | 52573 | SH |  | SOLE |  | 0 | 0 | 52573 |
| INVESCO EXCHANGE TRADED FD T | S PUR GWT | 46137V266 | BBG00KJR2976 | 27382840 | 586670 | SH |  | SOLE |  | 0 | 0 | 586670 |
| INVESCO EXCHANGE TRADED FD T | S PUR VAL | 46137V258 | BBG00KJR2X19 | 35867886 | 346868 | SH |  | SOLE |  | 0 | 0 | 346868 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 11970795 | 19487 | SH |  | SOLE |  | 0 | 0 | 19487 |
| INVESTMENT MANAGERS SER TR I | FPA GBL EQTY ETF | 30254T577 | BBG01MNCH9Z2 | 7835783 | 211207 | SH |  | SOLE |  | 0 | 0 | 211207 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 2733887 | 33681 | SH |  | SOLE |  | 0 | 0 | 33681 |
| ISHARES GOLD TR | SHARES REPRESENT | 46436F103 | BBG011K3SP01 | 721028 | 16772 | SH |  | SOLE |  | 0 | 0 | 16772 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 426801 | 6349 | SH |  | SOLE |  | 0 | 0 | 6349 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 | BBG00D7BDH70 | 11361270 | 258604 | SH |  | SOLE |  | 0 | 0 | 258604 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 | BBG0025X3FS0 | 2042820 | 31899 | SH |  | SOLE |  | 0 | 0 | 31899 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 | BBG001T3YV58 | 761976 | 11721 | SH |  | SOLE |  | 0 | 0 | 11721 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 | BBG006MJFZK4 | 480465 | 6921 | SH |  | SOLE |  | 0 | 0 | 6921 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 | BBG001V0XLT8 | 374234 | 3077 | SH |  | SOLE |  | 0 | 0 | 3077 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 5531064 | 61866 | SH |  | SOLE |  | 0 | 0 | 61866 |
| ISHARES TR | CORE MSCI INTL | 46435G326 | BBG00G9DM0M7 | 1124027 | 13628 | SH |  | SOLE |  | 0 | 0 | 13628 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 2963214 | 44897 | SH |  | SOLE |  | 0 | 0 | 44897 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 379488 | 3158 | SH |  | SOLE |  | 0 | 0 | 3158 |
| ISHARES TR | CORE S US GWT | 464287671 | BBG001SFQL99 | 251428 | 1497 | SH |  | SOLE |  | 0 | 0 | 1497 |
| ISHARES TR | CORE S US VLU | 464287663 | BBG001SFQL80 | 224188 | 2186 | SH |  | SOLE |  | 0 | 0 | 2186 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 4837678 | 7063 | SH |  | SOLE |  | 0 | 0 | 7063 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 1862678 | 18649 | SH |  | SOLE |  | 0 | 0 | 18649 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 | BBG00D7BBRS7 | 507127 | 5333 | SH |  | SOLE |  | 0 | 0 | 5333 |
| ISHARES TR | ESG OPTIMIZED | 464288802 | BBG001SN86J4 | 247387 | 1767 | SH |  | SOLE |  | 0 | 0 | 1767 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 | BBG001V1QYX1 | 25952418 | 510009 | SH |  | SOLE |  | 0 | 0 | 510009 |
| ISHARES TR | FUTURE EXPONENTI | 46434V381 | BBG008B3Q692 | 14736420 | 211305 | SH |  | SOLE |  | 0 | 0 | 211305 |
| ISHARES TR | IBDS DEC28 ETF | 46435U515 | BBG00M0P3SC7 | 225103 | 8843 | SH |  | SOLE |  | 0 | 0 | 8843 |
| ISHARES TR | IBONDS 2026 TERM | 46436E528 | BBG00Y1B7X63 | 226636 | 9820 | SH |  | SOLE |  | 0 | 0 | 9820 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 | BBG00HPLJP02 | 1815955 | 74792 | SH |  | SOLE |  | 0 | 0 | 74792 |
| ISHARES TR | IBONDS DEC 26 | 46435U259 | BBG00NSLFHR9 | 1880204 | 73339 | SH |  | SOLE |  | 0 | 0 | 73339 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 | BBG00DST7FD2 | 4193045 | 173052 | SH |  | SOLE |  | 0 | 0 | 173052 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | BBG001ST0ZQ7 | 7429611 | 92169 | SH |  | SOLE |  | 0 | 0 | 92169 |
| ISHARES TR | INVESTMENT GRADE | 46435G219 | BBG00H4BPM52 | 312447 | 6843 | SH |  | SOLE |  | 0 | 0 | 6843 |
| ISHARES TR | ISHARES BIOTECH | 464287556 | BBG001SGYSW7 | 2206170 | 13072 | SH |  | SOLE |  | 0 | 0 | 13072 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 | BBG001SJ8F58 | 665813 | 2211 | SH |  | SOLE |  | 0 | 0 | 2211 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 | BBG001SQS9Y2 | 818282 | 8499 | SH |  | SOLE |  | 0 | 0 | 8499 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 | BBG001S56D46 | 488327 | 2736 | SH |  | SOLE |  | 0 | 0 | 2736 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 7351322 | 76552 | SH |  | SOLE |  | 0 | 0 | 76552 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 | BBG002DMN4B6 | 425498 | 7872 | SH |  | SOLE |  | 0 | 0 | 7872 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 | BBG0025X2G81 | 9564347 | 101575 | SH |  | SOLE |  | 0 | 0 | 101575 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 | BBG004FPV022 | 2565982 | 10251 | SH |  | SOLE |  | 0 | 0 | 10251 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 216796 | 1092 | SH |  | SOLE |  | 0 | 0 | 1092 |
| ISHARES TR | NORTH AMERN NAT | 464287374 | BBG001SJKDG7 | 7010783 | 139505 | SH |  | SOLE |  | 0 | 0 | 139505 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 1137391 | 36737 | SH |  | SOLE |  | 0 | 0 | 36737 |
| ISHARES TR | RUS 1000 ETF | 464287622 | BBG001S562W9 | 15772678 | 42236 | SH |  | SOLE |  | 0 | 0 | 42236 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 10879599 | 22965 | SH |  | SOLE |  | 0 | 0 | 22965 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 5142929 | 24451 | SH |  | SOLE |  | 0 | 0 | 24451 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 | BBG001S56277 | 303245 | 1673 | SH |  | SOLE |  | 0 | 0 | 1673 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 | BBG001S561Z8 | 355292 | 2595 | SH |  | SOLE |  | 0 | 0 | 2595 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 | BBG001S561V2 | 228299 | 1619 | SH |  | SOLE |  | 0 | 0 | 1619 |
| ISHARES TR | RUS MID CAP ETF | 464287499 | BBG001SJCNS1 | 5731780 | 59539 | SH |  | SOLE |  | 0 | 0 | 59539 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 | BBG001T5LBR7 | 2013968 | 7272 | SH |  | SOLE |  | 0 | 0 | 7272 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 7177031 | 29156 | SH |  | SOLE |  | 0 | 0 | 29156 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 | BBG001SFC7Z6 | 1607996 | 4157 | SH |  | SOLE |  | 0 | 0 | 4157 |
| ISHARES TR | S 100 ETF | 464287101 | BBG001SGB026 | 411765 | 1201 | SH |  | SOLE |  | 0 | 0 | 1201 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 1536275 | 12464 | SH |  | SOLE |  | 0 | 0 | 12464 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 1098084 | 5178 | SH |  | SOLE |  | 0 | 0 | 5178 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 713083 | 5052 | SH |  | SOLE |  | 0 | 0 | 5052 |
| ISHARES TR | US AER DEF ETF | 464288760 | BBG001SC08P5 | 568200 | 2647 | SH |  | SOLE |  | 0 | 0 | 2647 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 | BBG00TSG0SK6 | 7407559 | 129412 | SH |  | SOLE |  | 0 | 0 | 129412 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 | BBG016NKZFF7 | 7237468 | 124526 | SH |  | SOLE |  | 0 | 0 | 124526 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 | BBG00XX898D2 | 32410196 | 640771 | SH |  | SOLE |  | 0 | 0 | 640771 |
| LISTED FDS TR | HORIZON KINETICS | 53656F623 | BBG00YV34KZ7 | 344327 | 7745 | SH |  | SOLE |  | 0 | 0 | 7745 |
| MORGAN STANLEY ETF TRUST | EATON VANCE SHRT | 61774R858 | BBG01LTGT129 | 607265 | 12056 | SH |  | SOLE |  | 0 | 0 | 12056 |
| NEOS ETF TRUST | NEOS ENH INC 1-3 | 78433H501 | BBG019CHS8F4 | 2781440 | 55931 | SH |  | SOLE |  | 0 | 0 | 55931 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 | BBG001SKQWJ3 | 232600 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| NUVEEN FLOATING RATE INCOME | COM | 67072T108 | BBG001SJ9S31 | 410535 | 52431 | SH |  | SOLE |  | 0 | 0 | 52431 |
| PACER FDS TR | TRENDP US LAR CP | 69374H105 | BBG009BJW8D9 | 228323 | 4108 | SH |  | SOLE |  | 0 | 0 | 4108 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 | BBG001T618D9 | 343022 | 3419 | SH |  | SOLE |  | 0 | 0 | 3419 |
| PIMCO HIGH INCOME FD | COM SHS | 722014107 | BBG001SGV4P1 | 215526 | 44347 | SH |  | SOLE |  | 0 | 0 | 44347 |
| PROFESIONALLY MANAGED PORTFO | AKRE FOCUS ETF | 74316P579 | BBG01RM0YZG2 | 20479081 | 312610 | SH |  | SOLE |  | 0 | 0 | 312610 |
| PROSHARES TR | RUSS 2000 DIVD | 74347B698 | BBG0081VG5Y6 | 1992152 | 30148 | SH |  | SOLE |  | 0 | 0 | 30148 |
| PUTNAM ETF TRUST | FOCUSED LAR CAP | 746729300 | BBG0115QY0G8 | 6277935 | 137765 | SH |  | SOLE |  | 0 | 0 | 137765 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 | BBG0051QPC87 | 265640 | 7367 | SH |  | SOLE |  | 0 | 0 | 7367 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 | BBG0051K49J8 | 255815 | 5658 | SH |  | SOLE |  | 0 | 0 | 5658 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 | BBG0051J0PJ9 | 230671 | 8477 | SH |  | SOLE |  | 0 | 0 | 8477 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | BBG001T5XQY3 | 570824 | 23745 | SH |  | SOLE |  | 0 | 0 | 23745 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | BBG001T5XQT9 | 236998 | 9035 | SH |  | SOLE |  | 0 | 0 | 9035 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 7065996 | 257601 | SH |  | SOLE |  | 0 | 0 | 257601 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 1978595 | 60656 | SH |  | SOLE |  | 0 | 0 | 60656 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 713110 | 26500 | SH |  | SOLE |  | 0 | 0 | 26500 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | BBG001T5XQW5 | 201616 | 7079 | SH |  | SOLE |  | 0 | 0 | 7079 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 | BBG001S7T1S7 | 232186 | 5193 | SH |  | SOLE |  | 0 | 0 | 5193 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 | BBG001S7SCQ6 | 3771840 | 24366 | SH |  | SOLE |  | 0 | 0 | 24366 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 | BBG001S7T232 | 225070 | 1451 | SH |  | SOLE |  | 0 | 0 | 1451 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 | BBG001S7TCZ5 | 1311420 | 9089 | SH |  | SOLE |  | 0 | 0 | 9089 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 | BBG001S7TD56 | 215216 | 5041 | SH |  | SOLE |  | 0 | 0 | 5041 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 3490302 | 8807 | SH |  | SOLE |  | 0 | 0 | 8807 |
| SPDR INDEX SHS FDS | DJ GLB RL ES ETF | 78463X749 | BBG001T2P370 | 24593630 | 541448 | SH |  | SOLE |  | 0 | 0 | 541448 |
| SPDR INDEX SHS FDS | DJ INTL RL ETF | 78463X863 | BBG001SRXRL8 | 678126 | 24219 | SH |  | SOLE |  | 0 | 0 | 24219 |
| SPDR INDEX SHS FDS | MSCI WRLD STRGIC | 78463X418 | BBG006LCS5J4 | 828657 | 5785 | SH |  | SOLE |  | 0 | 0 | 5785 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 20247016 | 29691 | SH |  | SOLE |  | 0 | 0 | 29691 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 2826375 | 4685 | SH |  | SOLE |  | 0 | 0 | 4685 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 | BBG001SQDKG3 | 240754 | 1975 | SH |  | SOLE |  | 0 | 0 | 1975 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 | BBG001SPTBP8 | 2501482 | 17976 | SH |  | SOLE |  | 0 | 0 | 17976 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A359 | BBG001T2PMD1 | 1525951 | 17107 | SH |  | SOLE |  | 0 | 0 | 17107 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R812 | BBG008HB6477 | 317168 | 1821 | SH |  | SOLE |  | 0 | 0 | 1821 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A631 | BBG0024LG8W4 | 578704 | 2399 | SH |  | SOLE |  | 0 | 0 | 2399 |
| T ROWE PRICE ETF INC | CAP APPRECIATION | 87283Q867 | BBG01GZY8BG0 | 301927 | 7900 | SH |  | SOLE |  | 0 | 0 | 7900 |
| VANECK ETF TRUST | MORTGAGE REIT | 92189F452 | BBG001ZSTNT4 | 585985 | 55755 | SH |  | SOLE |  | 0 | 0 | 55755 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 | BBG002XRNHT5 | 53268179 | 510560 | SH |  | SOLE |  | 0 | 0 | 510560 |
| VANECK ETF TRUST | REAL ASSETS ETF | 92189F130 | BBG00KK0KQR3 | 1220998 | 34956 | SH |  | SOLE |  | 0 | 0 | 34956 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 | BBG001TC6MF8 | 331144 | 745 | SH |  | SOLE |  | 0 | 0 | 745 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 IDX | 921932885 | BBG001TC6MJ4 | 337306 | 3017 | SH |  | SOLE |  | 0 | 0 | 3017 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 7095675 | 95649 | SH |  | SOLE |  | 0 | 0 | 95649 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 | BBG004N1LGK2 | 222558 | 4606 | SH |  | SOLE |  | 0 | 0 | 4606 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 | BBG001SK3J43 | 25226302 | 120631 | SH |  | SOLE |  | 0 | 0 | 120631 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 1588409 | 3256 | SH |  | SOLE |  | 0 | 0 | 3256 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 | BBG001SHTTQ6 | 3020205 | 9571 | SH |  | SOLE |  | 0 | 0 | 9571 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 | BBG001SRN7S6 | 281151 | 1007 | SH |  | SOLE |  | 0 | 0 | 1007 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 | BBG001SRN7W1 | 235082 | 1325 | SH |  | SOLE |  | 0 | 0 | 1325 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 1875245 | 6442 | SH |  | SOLE |  | 0 | 0 | 6442 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 791468 | 8895 | SH |  | SOLE |  | 0 | 0 | 8895 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 11889248 | 18958 | SH |  | SOLE |  | 0 | 0 | 18958 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 348912 | 1647 | SH |  | SOLE |  | 0 | 0 | 1647 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 2945373 | 11418 | SH |  | SOLE |  | 0 | 0 | 11418 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 | BBG001SHTTW9 | 236580 | 783 | SH |  | SOLE |  | 0 | 0 | 783 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 49364336 | 147155 | SH |  | SOLE |  | 0 | 0 | 147155 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 1537871 | 8052 | SH |  | SOLE |  | 0 | 0 | 8052 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 5508028 | 74947 | SH |  | SOLE |  | 0 | 0 | 74947 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 3295301 | 61297 | SH |  | SOLE |  | 0 | 0 | 61297 |
| VANGUARD INTL EQUITY INDEX F | GLB EX US ETF | 922042676 | BBG001TCVT65 | 531730 | 11355 | SH |  | SOLE |  | 0 | 0 | 11355 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | BBG001T2YZG9 | 332857609 | 2355843 | SH |  | SOLE |  | 0 | 0 | 2355843 |
| VANGUARD MALVERN FDS | MULTI SECTOR | 922020722 | BBG01VD0R7X4 | 260989 | 5060 | SH |  | SOLE |  | 0 | 0 | 5060 |
| VANGUARD MUN BD FDS | SHORT TAX EXEMPT | 922907696 | BBG01QXXK713 | 641001 | 8385 | SH |  | SOLE |  | 0 | 0 | 8385 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 1728698 | 21682 | SH |  | SOLE |  | 0 | 0 | 21682 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 | BBG001TCH518 | 537090 | 4411 | SH |  | SOLE |  | 0 | 0 | 4411 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 51373174 | 233691 | SH |  | SOLE |  | 0 | 0 | 233691 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 | BBG001TJR1D8 | 13467381 | 178486 | SH |  | SOLE |  | 0 | 0 | 178486 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 1415430 | 22658 | SH |  | SOLE |  | 0 | 0 | 22658 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 28405259 | 196222 | SH |  | SOLE |  | 0 | 0 | 196222 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 | BBG00C863MQ1 | 7331290 | 80167 | SH |  | SOLE |  | 0 | 0 | 80167 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 | BBG00C868SD7 | 17206287 | 191181 | SH |  | SOLE |  | 0 | 0 | 191181 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 | BBG00M0P2VR5 | 67193 | 635945 | SH |  | SOLE |  | 0 | 0 | 635945 |
| VANGUARD WORLD FD | ESG US CORP BD | 921910691 | BBG00XGJM879 | 21928345 | 343883 | SH |  | SOLE |  | 0 | 0 | 343883 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 | BBG00M0P2SP4 | 72292242 | 596018 | SH |  | SOLE |  | 0 | 0 | 596018 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 | BBG001SHVR32 | 10853217 | 37704 | SH |  | SOLE |  | 0 | 0 | 37704 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 4109976 | 5452 | SH |  | SOLE |  | 0 | 0 | 5452 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 | BBG001T0Y6L1 | 747938 | 5299 | SH |  | SOLE |  | 0 | 0 | 5299 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 | BBG001T0Y6W9 | 593703 | 1438 | SH |  | SOLE |  | 0 | 0 | 1438 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 | BBG001SHVTP4 | 88749096 | 475432 | SH |  | SOLE |  | 0 | 0 | 475432 |
| WISDOMTREE TR | EMER MKT HIGH FD | 97717W315 | BBG001SV1SY8 | 291901 | 6249 | SH |  | SOLE |  | 0 | 0 | 6249 |
| WISDOMTREE TR | EUROPE HEDGED EQ | 97717X701 | BBG001T6DPF6 | 23151254 | 441204 | SH |  | SOLE |  | 0 | 0 | 441204 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 | BBG001SHL470 | 33157205 | 232875 | SH |  | SOLE |  | 0 | 0 | 232875 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 | BBG00L8YYQ05 | 3146909 | 36862 | SH |  | SOLE |  | 0 | 0 | 36862 |

---