# EDGAR Filing Document

**Accession Number:** 0002032436
**File Stem:** 0002032436-26-000004
**Filing Date:** 2026-4
**Character Count:** 16790
**Document Hash:** 67a1239f13f7f0c44b3337fdcc926411
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002032436-26-000004.hdr.sgml**: 20260416

**ACCESSION NUMBER**: 0002032436-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260416

**DATE AS OF CHANGE**: 20260416

**EFFECTIVENESS DATE**: 20260416

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Smith Thornton Advisors LLC
- **CENTRAL INDEX KEY:** 0002032436

**ORGANIZATION NAME:**
- **EIN:** 453064370
- **STATE OF INCORPORATION:** AL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24333
- **FILM NUMBER:** 26866330

**BUSINESS ADDRESS:**
- **STREET 1:** 626 CLINTON AVENUE WEST
- **STREET 2:** SUITE 100
- **CITY:** HUNTSVILLE
- **STATE:** AL
- **ZIP:** 35801
- **BUSINESS PHONE:** 256-715-7715

**MAIL ADDRESS:**
- **STREET 1:** 626 CLINTON AVENUE WEST
- **STREET 2:** SUITE 100
- **CITY:** HUNTSVILLE
- **STATE:** AL
- **ZIP:** 35801

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Smith Thornton Advisors LLC<br>**Address:** 626 CLINTON AVENUE WEST<br>SUITE 100<br>HUNTSVILLE, AL 35801

**Form 13F File Number:** 028-24333

**CRD Number (if applicable):** 000312537

**SEC File Number (if applicable):** 801-120351

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:** Donna M Ryberg<br>**Title:** CCO<br>**Phone:** 2567157715

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

Donna M Ryberg  Huntsville, AL  04-16-2026<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:** 130

**Form 13F Information Table Value Total:** $198578744

      (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 LABORATORIES | COM | 002824100 |  | 412322 | 4016 | SH |  | SOLE | 0 | 0 | 0 | 4016 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4971408 | 17288 | SH |  | SOLE | 0 | 0 | 0 | 17288 |
| AMAZON COM INC | COM | 023135106 |  | 1570356 | 7540 | SH |  | SOLE | 0 | 0 | 0 | 7540 |
| AMGEN INC | COM | 031162100 |  | 408979 | 1162 | SH |  | SOLE | 0 | 0 | 0 | 1162 |
| APPLE INC | COM | 037833100 |  | 3530223 | 13910 | SH |  | SOLE | 0 | 0 | 0 | 13910 |
| APPLIED MATLS INC | COM | 038222105 |  | 424257 | 1241 | SH |  | SOLE | 0 | 0 | 0 | 1241 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 |  | 347378 | 263 | SH |  | SOLE | 0 | 0 | 0 | 263 |
| AT INC | COM | 00206R102 |  | 1856422 | 64037 | SH |  | SOLE | 0 | 0 | 0 | 64037 |
| BANK AMERICA CORP | COM | 060505104 |  | 1353726 | 27769 | SH |  | SOLE | 0 | 0 | 0 | 27769 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1488874 | 3107 | SH |  | SOLE | 0 | 0 | 0 | 3107 |
| BHP BILLITON LIMITED | SPONSORED ADS | 088606108 |  | 203672 | 2800 | SH |  | SOLE | 0 | 0 | 0 | 2800 |
| BRC INC | COM CL A | 05601U105 |  | 15049 | 19388 | SH |  | SOLE | 0 | 0 | 0 | 19388 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 232229 | 3829 | SH |  | SOLE | 0 | 0 | 0 | 3829 |
| BROADCOM INC | COM | 11135F101 |  | 715117 | 2310 | SH |  | SOLE | 0 | 0 | 0 | 2310 |
| CAPITAL GROUP CORE BALANCED | SHS | 14021D107 |  | 1479135 | 42986 | SH |  | SOLE | 0 | 0 | 0 | 42986 |
| CAPITAL GROUP CORE EQUITY ET | SHS CREATION UNI | 14020V108 |  | 706489 | 18389 | SH |  | SOLE | 0 | 0 | 0 | 18389 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 10132386 | 238185 | SH |  | SOLE | 0 | 0 | 0 | 238185 |
| CAPITAL GROUP EQUITY ETF TR | US SMALL AND MID | 14022A102 |  | 3905167 | 133010 | SH |  | SOLE | 0 | 0 | 0 | 133010 |
| CAPITAL GROUP GBL GROWTH EQT | SHS CREATION UNI | 14020X104 |  | 5113994 | 153251 | SH |  | SOLE | 0 | 0 | 0 | 153251 |
| CAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 14020G101 |  | 8238147 | 204980 | SH |  | SOLE | 0 | 0 | 0 | 204980 |
| CAPITAL GRP FIXED INCM ETF T | SHORT DURATION M | 14020Y607 |  | 1573909 | 59890 | SH |  | SOLE | 0 | 0 | 0 | 59890 |
| CAPITAL GRP FIXED INCM ETF T | CORE BOND ETF | 14020Y508 |  | 5854685 | 222951 | SH |  | SOLE | 0 | 0 | 0 | 222951 |
| CAPITAL GRP FIXED INCM ETF T | SHORT DURATION | 14020Y409 |  | 1734972 | 67273 | SH |  | SOLE | 0 | 0 | 0 | 67273 |
| CAPITAL GRP FIXED INCM ETF T | CORE PLUS INCM | 14020Y102 |  | 5916079 | 264820 | SH |  | SOLE | 0 | 0 | 0 | 264820 |
| CAPITAL GRP FIXED INCM ETF T | MUNICIPAL INCOME | 14020Y201 |  | 1634702 | 60210 | SH |  | SOLE | 0 | 0 | 0 | 60210 |
| CAPITAL GRP FIXED INCM ETF T | US MULTI-SECTOR | 14020Y300 |  | 244389 | 8975 | SH |  | SOLE | 0 | 0 | 0 | 8975 |
| CATERPILLAR INC | COM | 149123101 |  | 634780 | 896 | SH |  | SOLE | 0 | 0 | 0 | 896 |
| CHEVRON CORPORATION | COM | 166764100 |  | 447160 | 2161 | SH |  | SOLE | 0 | 0 | 0 | 2161 |
| CISCO SYS INC | COM | 17275R102 |  | 843791 | 10875 | SH |  | SOLE | 0 | 0 | 0 | 10875 |
| CITIGROUP INC | COM NEW | 172967424 |  | 442817 | 3905 | SH |  | SOLE | 0 | 0 | 0 | 3905 |
| COCA COLA CO | COM | 191216100 |  | 1734973 | 22814 | SH |  | SOLE | 0 | 0 | 0 | 22814 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 228136 | 1728 | SH |  | SOLE | 0 | 0 | 0 | 1728 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 353849 | 355 | SH |  | SOLE | 0 | 0 | 0 | 355 |
| DEERE  CO | COM | 244199105 |  | 337980 | 600 | SH |  | SOLE | 0 | 0 | 0 | 600 |
| DISNEY WALT CO | COM | 254687106 |  | 925531 | 9603 | SH |  | SOLE | 0 | 0 | 0 | 9603 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 217174 | 3513 | SH |  | SOLE | 0 | 0 | 0 | 3513 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 885474 | 6762 | SH |  | SOLE | 0 | 0 | 0 | 6762 |
| ELI LILLY  CO | COM | 532457108 |  | 828274 | 901 | SH |  | SOLE | 0 | 0 | 0 | 901 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2697764 | 15901 | SH |  | SOLE | 0 | 0 | 0 | 15901 |
| FEDEX CORP | COM | 31428X106 |  | 571313 | 1604 | SH |  | SOLE | 0 | 0 | 0 | 1604 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 2647404 | 23898 | SH |  | SOLE | 0 | 0 | 0 | 23898 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 744338 | 11060 | SH |  | SOLE | 0 | 0 | 0 | 11060 |
| GLOBE LIFE INC | COM | 37959E102 |  | 2976707 | 21389 | SH |  | SOLE | 0 | 0 | 0 | 21389 |
| HOME DEPOT INC | COM | 437076102 |  | 957997 | 2913 | SH |  | SOLE | 0 | 0 | 0 | 2913 |
| HUMANA INC | COM | 444859102 |  | 488786 | 2819 | SH |  | SOLE | 0 | 0 | 0 | 2819 |
| INTEL CORP | COM | 458140100 |  | 217844 | 4936 | SH |  | SOLE | 0 | 0 | 0 | 4936 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1241946 | 5124 | SH |  | SOLE | 0 | 0 | 0 | 5124 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 338367 | 734 | SH |  | SOLE | 0 | 0 | 0 | 734 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 264182 | 3612 | SH |  | SOLE | 0 | 0 | 0 | 3612 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 419921 | 2188 | SH |  | SOLE | 0 | 0 | 0 | 2188 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3226204 | 5590 | SH |  | SOLE | 0 | 0 | 0 | 5590 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 5321867 | 60366 | SH |  | SOLE | 0 | 0 | 0 | 60366 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 518522 | 7434 | SH |  | SOLE | 0 | 0 | 0 | 7434 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 2697131 | 34288 | SH |  | SOLE | 0 | 0 | 0 | 34288 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 5113366 | 52590 | SH |  | SOLE | 0 | 0 | 0 | 52590 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1452224 | 21505 | SH |  | SOLE | 0 | 0 | 0 | 21505 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 654009 | 7224 | SH |  | SOLE | 0 | 0 | 0 | 7224 |
| ISHARES TR | CORE S ETF | 464287200 |  | 5089570 | 7792 | SH |  | SOLE | 0 | 0 | 0 | 7792 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 4875095 | 69466 | SH |  | SOLE | 0 | 0 | 0 | 69466 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 979696 | 9869 | SH |  | SOLE | 0 | 0 | 0 | 9869 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 611428 | 3225 | SH |  | SOLE | 0 | 0 | 0 | 3225 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 270912 | 3281 | SH |  | SOLE | 0 | 0 | 0 | 3281 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 355631 | 6980 | SH |  | SOLE | 0 | 0 | 0 | 6980 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 646984 | 6095 | SH |  | SOLE | 0 | 0 | 0 | 6095 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 1855647 | 17424 | SH |  | SOLE | 0 | 0 | 0 | 17424 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 495868 | 3275 | SH |  | SOLE | 0 | 0 | 0 | 3275 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 445303 | 4035 | SH |  | SOLE | 0 | 0 | 0 | 4035 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 271667 | 4793 | SH |  | SOLE | 0 | 0 | 0 | 4793 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1022041 | 4181 | SH |  | SOLE | 0 | 0 | 0 | 4181 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1396810 | 4748 | SH |  | SOLE | 0 | 0 | 0 | 4748 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 341856 | 1600 | SH |  | SOLE | 0 | 0 | 0 | 1600 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 705896 | 1168 | SH |  | SOLE | 0 | 0 | 0 | 1168 |
| MCDONALDS CORP | COM | 580135101 |  | 426404 | 1372 | SH |  | SOLE | 0 | 0 | 0 | 1372 |
| MERCK  CO INC | COM | 58933Y105 |  | 533528 | 4435 | SH |  | SOLE | 0 | 0 | 0 | 4435 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2904619 | 5077 | SH |  | SOLE | 0 | 0 | 0 | 5077 |
| MGE ENERGY INC | COM | 55277P104 |  | 219091 | 2835 | SH |  | SOLE | 0 | 0 | 0 | 2835 |
| MICROSOFT CORP | COM | 594918104 |  | 3134696 | 8468 | SH |  | SOLE | 0 | 0 | 0 | 8468 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 688966 | 7418 | SH |  | SOLE | 0 | 0 | 0 | 7418 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 724170 | 1061 | SH |  | SOLE | 0 | 0 | 0 | 1061 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1514902 | 8686 | SH |  | SOLE | 0 | 0 | 0 | 8686 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 2840759 | 45409 | SH |  | SOLE | 0 | 0 | 0 | 45409 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 568590 | 3887 | SH |  | SOLE | 0 | 0 | 0 | 3887 |
| PEPSICO INC | COM | 713448108 |  | 498304 | 3209 | SH |  | SOLE | 0 | 0 | 0 | 3209 |
| PFIZER INC | COM | 717081103 |  | 221551 | 7890 | SH |  | SOLE | 0 | 0 | 0 | 7890 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 5205634 | 51761 | SH |  | SOLE | 0 | 0 | 0 | 51761 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 1192321 | 22846 | SH |  | SOLE | 0 | 0 | 0 | 22846 |
| PIMCO ETF TR | MUNI INCOME OPP | 72201R635 |  | 250919 | 5555 | SH |  | SOLE | 0 | 0 | 0 | 5555 |
| PROASSURANCE CORP | COM | 74267C106 |  | 1643880 | 66500 | SH |  | SOLE | 0 | 0 | 0 | 66500 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 852142 | 5900 | SH |  | SOLE | 0 | 0 | 0 | 5900 |
| QUALCOMM INC | COM | 747525103 |  | 459658 | 3569 | SH |  | SOLE | 0 | 0 | 0 | 3569 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 2739962 | 104899 | SH |  | SOLE | 0 | 0 | 0 | 104899 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 209436 | 2245 | SH |  | SOLE | 0 | 0 | 0 | 2245 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 461533 | 4911 | SH |  | SOLE | 0 | 0 | 0 | 4911 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 3116020 | 107153 | SH |  | SOLE | 0 | 0 | 0 | 107153 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 789124 | 17196 | SH |  | SOLE | 0 | 0 | 0 | 17196 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 368133 | 2770 | SH |  | SOLE | 0 | 0 | 0 | 2770 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 326258 | 6608 | SH |  | SOLE | 0 | 0 | 0 | 6608 |
| SERVISFIRST BANCSHARES INC | COM | 81768T108 |  | 1176569 | 16155 | SH |  | SOLE | 0 | 0 | 0 | 16155 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 209364 | 1765 | SH |  | SOLE | 0 | 0 | 0 | 1765 |
| SOUTHERN CO | COM | 842587107 |  | 1699487 | 17608 | SH |  | SOLE | 0 | 0 | 0 | 17608 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 418672 | 973 | SH |  | SOLE | 0 | 0 | 0 | 973 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X889 |  | 5455175 | 119500 | SH |  | SOLE | 0 | 0 | 0 | 119500 |
| STARBUCKS CORP | COM | 855244109 |  | 430908 | 4810 | SH |  | SOLE | 0 | 0 | 0 | 4810 |
| STATE STR SPDR DOW JONES IND | UT SER 1 | 78467X109 |  | 360825 | 779 | SH |  | SOLE | 0 | 0 | 0 | 779 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 1219468 | 1875 | SH |  | SOLE | 0 | 0 | 0 | 1875 |
| TESLA INC | COM | 88160R101 |  | 1305958 | 3513 | SH |  | SOLE | 0 | 0 | 0 | 3513 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 580979 | 8077 | SH |  | SOLE | 0 | 0 | 0 | 8077 |
| UNITED CMNTY BKS BLAIRSVLE G | COM | 90984P303 |  | 429901 | 13652 | SH |  | SOLE | 0 | 0 | 0 | 13652 |
| UPEXI INC | COM NEW | 39959A205 |  | 10842 | 11000 | SH |  | SOLE | 0 | 0 | 0 | 11000 |
| V F CORP | COM | 918204108 |  | 547495 | 32225 | SH |  | SOLE | 0 | 0 | 0 | 32225 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 480374 | 4968 | SH |  | SOLE | 0 | 0 | 0 | 4968 |
| VANECK ETF TRUST | IG FLOATING RATE | 92189F486 |  | 3293347 | 129252 | SH |  | SOLE | 0 | 0 | 0 | 129252 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 IDX | 921932885 |  | 228640 | 2000 | SH |  | SOLE | 0 | 0 | 0 | 2000 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 213902 | 2728 | SH |  | SOLE | 0 | 0 | 0 | 2728 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 384812 | 881 | SH |  | SOLE | 0 | 0 | 0 | 881 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 250351 | 1276 | SH |  | SOLE | 0 | 0 | 0 | 1276 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 323733 | 1236 | SH |  | SOLE | 0 | 0 | 0 | 1236 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 565285 | 2602 | SH |  | SOLE | 0 | 0 | 0 | 2602 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 423475 | 2298 | SH |  | SOLE | 0 | 0 | 0 | 2298 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1513102 | 2532 | SH |  | SOLE | 0 | 0 | 0 | 2532 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 364475 | 2500 | SH |  | SOLE | 0 | 0 | 0 | 2500 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1201326 | 23931 | SH |  | SOLE | 0 | 0 | 0 | 23931 |
| VICTORY PORTFOLIOS II | SHORT TRM BD ETF | 92647N535 |  | 6641298 | 131303 | SH |  | SOLE | 0 | 0 | 0 | 131303 |
| VICTORY PORTFOLIOS II | VCSHS US LRG CAP | 92647N865 |  | 1106931 | 14855 | SH |  | SOLE | 0 | 0 | 0 | 14855 |
| VICTORY PORTFOLIOS II | VCSHS US 500 VOL | 92647N766 |  | 905003 | 9893 | SH |  | SOLE | 0 | 0 | 0 | 9893 |
| VICTORY PORTFOLIOS II | VCSHS US EQ INCM | 92647N824 |  | 589576 | 8254 | SH |  | SOLE | 0 | 0 | 0 | 8254 |
| VICTORY PORTFOLIOS II | CORE INTERMEDIAT | 92647N527 |  | 6767796 | 143944 | SH |  | SOLE | 0 | 0 | 0 | 143944 |
| WALMART INC | COM | 931142103 |  | 2529416 | 20353 | SH |  | SOLE | 0 | 0 | 0 | 20353 |
| WELLS FARGO  CO | COM | 949746101 |  | 754066 | 9472 | SH |  | SOLE | 0 | 0 | 0 | 9472 |
| XYLEM INC | COM | 98419M100 |  | 447292 | 3743 | SH |  | SOLE | 0 | 0 | 0 | 3743 |

---