# EDGAR Filing Document

**Accession Number:** 0001569139
**File Stem:** 0001085146-25-005304
**Filing Date:** 2025-8
**Character Count:** 17859
**Document Hash:** de7dfef8e621b21fc9dbe2e49197f3dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-005304.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001085146-25-005304

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250815

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** High Falls Advisors, Inc
- **CENTRAL INDEX KEY:** 0001569139

**ORGANIZATION NAME:**
- **EIN:** 461165286
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17373
- **FILM NUMBER:** 251221590

**BUSINESS ADDRESS:**
- **STREET 1:** 180 SOUTH CLINTON AVE
- **STREET 2:** SUITE 300
- **CITY:** ROCHESTER
- **STATE:** NY
- **ZIP:** 14604
- **BUSINESS PHONE:** 585-935-5300

**MAIL ADDRESS:**
- **STREET 1:** 180 SOUTH CLINTON AVE
- **STREET 2:** SUITE 300
- **CITY:** ROCHESTER
- **STATE:** NY
- **ZIP:** 14604

### 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:** High Falls Advisors Inc<br>**Address:** 180 SOUTH CLINTON AVE<br>SUITE 300<br>ROCHESTER, NY 14604

**Form 13F File Number:** 028-17373

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:** Jennifer Vogler<br>**Title:** Chief Compliance Officer<br>**Phone:** 585-935-5308

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

/s/Jennifer Vogler  Rochester, NY  08-14-2025<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:** 142

**Form 13F Information Table Value Total:** $451945127

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 306098 | 1649 | SH |  | SOLE |  | 0 | 0 | 1649 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 220132 | 1249 | SH |  | SOLE |  | 0 | 0 | 1249 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 241803 | 1363 | SH |  | SOLE |  | 0 | 0 | 1363 |
| AMAZON COM INC | COM | 023135106 |  | 954135 | 4349 | SH |  | SOLE |  | 0 | 0 | 4349 |
| AMERICAN CENTY ETF TR | FOCUSED DYNAMIC | 025072810 |  | 302426 | 2768 | SH |  | SOLE |  | 0 | 0 | 2768 |
| APPLE INC | COM | 037833100 |  | 11894948 | 57976 | SH |  | SOLE |  | 0 | 0 | 57976 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 808700 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 728800 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BLACKROCK ETF TRUST | ISHARES A I INNO | 09290C780 |  | 4079968 | 141420 | SH |  | SOLE |  | 0 | 0 | 141420 |
| BLACKROCK ETF TRUST | ISHARES ADVANTAG | 09290C863 |  | 200690 | 6665 | SH |  | SOLE |  | 0 | 0 | 6665 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 26037027 | 478095 | SH |  | SOLE |  | 0 | 0 | 478095 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 11702777 | 328914 | SH |  | SOLE |  | 0 | 0 | 328914 |
| BLACKROCK ETF TRUST | US CARBON TRANS | 09290C509 |  | 282571 | 4200 | SH |  | SOLE |  | 0 | 0 | 4200 |
| BLACKROCK ETF TRUST II | ISHARES AAA CLO | 092528504 |  | 288009 | 5547 | SH |  | SOLE |  | 0 | 0 | 5547 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 9677216 | 183142 | SH |  | SOLE |  | 0 | 0 | 183142 |
| BLACKROCK ETF TRUST II | ISHARES HIGH YIE | 092528843 |  | 1211633 | 24915 | SH |  | SOLE |  | 0 | 0 | 24915 |
| BROADCOM INC | COM | 11135F101 |  | 799414 | 2900 | SH |  | SOLE |  | 0 | 0 | 2900 |
| CAPITAL GROUP CORE BALANCED | SHS | 14021D107 |  | 322194 | 9635 | SH |  | SOLE |  | 0 | 0 | 9635 |
| CAPITAL GROUP CORE EQUITY ET | SHS CREATION UNI | 14020V108 |  | 586316 | 15876 | SH |  | SOLE |  | 0 | 0 | 15876 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 355453 | 9001 | SH |  | SOLE |  | 0 | 0 | 9001 |
| CAPITAL GROUP GBL GROWTH EQT | SHS CREATION UNI | 14020X104 |  | 269489 | 8429 | SH |  | SOLE |  | 0 | 0 | 8429 |
| CAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 14020G101 |  | 442249 | 10879 | SH |  | SOLE |  | 0 | 0 | 10879 |
| CATERPILLAR INC | COM | 149123101 |  | 1935583 | 4986 | SH |  | SOLE |  | 0 | 0 | 4986 |
| COCA COLA CO | COM | 191216100 |  | 346746 | 4901 | SH |  | SOLE |  | 0 | 0 | 4901 |
| CORNING INC | COM | 219350105 |  | 304043 | 5781 | SH |  | SOLE |  | 0 | 0 | 5781 |
| DEERE  CO | COM | 244199105 |  | 736929 | 1449 | SH |  | SOLE |  | 0 | 0 | 1449 |
| ELI LILLY  CO | COM | 532457108 |  | 473791 | 608 | SH |  | SOLE |  | 0 | 0 | 608 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 839703 | 7789 | SH |  | SOLE |  | 0 | 0 | 7789 |
| FIDELITY COVINGTON TRUST | DIVID ETF RISI | 316092832 |  | 475459 | 8768 | SH |  | SOLE |  | 0 | 0 | 8768 |
| FIDELITY COVINGTON TRUST | FIDELITY US MLTF | 316092378 |  | 234832 | 6533 | SH |  | SOLE |  | 0 | 0 | 6533 |
| FIDELITY COVINGTON TRUST | INTL MULTIFACTOR | 316092535 |  | 313054 | 9609 | SH |  | SOLE |  | 0 | 0 | 9609 |
| FIDELITY COVINGTON TRUST | MOMENTUM FACTR | 316092816 |  | 295727 | 3898 | SH |  | SOLE |  | 0 | 0 | 3898 |
| FIDELITY COVINGTON TRUST | STOCK FOR INFL | 316092386 |  | 314887 | 6750 | SH |  | SOLE |  | 0 | 0 | 6750 |
| FIDELITY MERRIMACK STR TR | CORP BOND ETF | 316188101 |  | 279912 | 5917 | SH |  | SOLE |  | 0 | 0 | 5917 |
| FIDELITY MERRIMACK STR TR | INVESTMENT GR SE | 316188705 |  | 242392 | 5565 | SH |  | SOLE |  | 0 | 0 | 5565 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 278368 | 6085 | SH |  | SOLE |  | 0 | 0 | 6085 |
| GE AEROSPACE | COM NEW | 369604301 |  | 267045 | 1038 | SH |  | SOLE |  | 0 | 0 | 1038 |
| HOME DEPOT INC | COM | 437076102 |  | 216318 | 590 | SH |  | SOLE |  | 0 | 0 | 590 |
| HONEYWELL INTL INC | COM | 438516106 |  | 933150 | 4007 | SH |  | SOLE |  | 0 | 0 | 4007 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1162643 | 3944 | SH |  | SOLE |  | 0 | 0 | 3944 |
| INTUIT | COM | 461202103 |  | 449280 | 570 | SH |  | SOLE |  | 0 | 0 | 570 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 368837 | 5065 | SH |  | SOLE |  | 0 | 0 | 5065 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 326497 | 1797 | SH |  | SOLE |  | 0 | 0 | 1797 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 5235541 | 83957 | SH |  | SOLE |  | 0 | 0 | 83957 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 17927811 | 298648 | SH |  | SOLE |  | 0 | 0 | 298648 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 993361 | 15733 | SH |  | SOLE |  | 0 | 0 | 15733 |
| ISHARES INC | MSCI GBL MIN VOL | 464286525 |  | 251477 | 2121 | SH |  | SOLE |  | 0 | 0 | 2121 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 1717550 | 16690 | SH |  | SOLE |  | 0 | 0 | 16690 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 13969782 | 137498 | SH |  | SOLE |  | 0 | 0 | 137498 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 296613 | 3361 | SH |  | SOLE |  | 0 | 0 | 3361 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 453611 | 4736 | SH |  | SOLE |  | 0 | 0 | 4736 |
| ISHARES TR | A RATE CP BD ETF | 46429B291 |  | 883912 | 18476 | SH |  | SOLE |  | 0 | 0 | 18476 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 360238 | 3998 | SH |  | SOLE |  | 0 | 0 | 3998 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 929833 | 15102 | SH |  | SOLE |  | 0 | 0 | 15102 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 951696 | 11411 | SH |  | SOLE |  | 0 | 0 | 11411 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 441815 | 6910 | SH |  | SOLE |  | 0 | 0 | 6910 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 241323 | 2060 | SH |  | SOLE |  | 0 | 0 | 2060 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 8597170 | 168275 | SH |  | SOLE |  | 0 | 0 | 168275 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 647275 | 7754 | SH |  | SOLE |  | 0 | 0 | 7754 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 240801 | 3115 | SH |  | SOLE |  | 0 | 0 | 3115 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 504015 | 8127 | SH |  | SOLE |  | 0 | 0 | 8127 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 348924 | 3193 | SH |  | SOLE |  | 0 | 0 | 3193 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 392696 | 2908 | SH |  | SOLE |  | 0 | 0 | 2908 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 713470 | 4744 | SH |  | SOLE |  | 0 | 0 | 4744 |
| ISHARES TR | CORE S ETF | 464287200 |  | 35923567 | 57857 | SH |  | SOLE |  | 0 | 0 | 57857 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 51654809 | 1117344 | SH |  | SOLE |  | 0 | 0 | 1117344 |
| ISHARES TR | CUR HD EURZN ETF | 46434V639 |  | 251205 | 6122 | SH |  | SOLE |  | 0 | 0 | 6122 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 12446137 | 111126 | SH |  | SOLE |  | 0 | 0 | 111126 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 27871392 | 439058 | SH |  | SOLE |  | 0 | 0 | 439058 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 211186 | 2367 | SH |  | SOLE |  | 0 | 0 | 2367 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 2323637 | 17174 | SH |  | SOLE |  | 0 | 0 | 17174 |
| ISHARES TR | EUROPE ETF | 464287861 |  | 833266 | 13174 | SH |  | SOLE |  | 0 | 0 | 13174 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 418718 | 3727 | SH |  | SOLE |  | 0 | 0 | 3727 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 422527 | 4576 | SH |  | SOLE |  | 0 | 0 | 4576 |
| ISHARES TR | HIGH YLD CORP BD | 46436E320 |  | 353208 | 11539 | SH |  | SOLE |  | 0 | 0 | 11539 |
| ISHARES TR | IBONDS 2026 TERM | 46436E528 |  | 291571 | 12551 | SH |  | SOLE |  | 0 | 0 | 12551 |
| ISHARES TR | IBONDS 25 TRM HG | 46435U168 |  | 327645 | 14089 | SH |  | SOLE |  | 0 | 0 | 14089 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 746846 | 6814 | SH |  | SOLE |  | 0 | 0 | 6814 |
| ISHARES TR | INVESTMENT GRADE | 46435G219 |  | 445566 | 9806 | SH |  | SOLE |  | 0 | 0 | 9806 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 3506269 | 37857 | SH |  | SOLE |  | 0 | 0 | 37857 |
| ISHARES TR | LARGE CAP MAX BU | 46438G471 |  | 376188 | 14581 | SH |  | SOLE |  | 0 | 0 | 14581 |
| ISHARES TR | MBS ETF | 464288588 |  | 13372830 | 142431 | SH |  | SOLE |  | 0 | 0 | 142431 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 281019 | 3503 | SH |  | SOLE |  | 0 | 0 | 3503 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 438603 | 7197 | SH |  | SOLE |  | 0 | 0 | 7197 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 955274 | 29045 | SH |  | SOLE |  | 0 | 0 | 29045 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 991174 | 10559 | SH |  | SOLE |  | 0 | 0 | 10559 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 7452111 | 31009 | SH |  | SOLE |  | 0 | 0 | 31009 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 29610123 | 161963 | SH |  | SOLE |  | 0 | 0 | 161963 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 6157819 | 58938 | SH |  | SOLE |  | 0 | 0 | 58938 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 303250 | 893 | SH |  | SOLE |  | 0 | 0 | 893 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1168397 | 2752 | SH |  | SOLE |  | 0 | 0 | 2752 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 400888 | 2064 | SH |  | SOLE |  | 0 | 0 | 2064 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 476568 | 1667 | SH |  | SOLE |  | 0 | 0 | 1667 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 392782 | 2832 | SH |  | SOLE |  | 0 | 0 | 2832 |
| ISHARES TR | S 100 ETF | 464287101 |  | 12706739 | 41750 | SH |  | SOLE |  | 0 | 0 | 41750 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 27750061 | 252044 | SH |  | SOLE |  | 0 | 0 | 252044 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 22081737 | 112996 | SH |  | SOLE |  | 0 | 0 | 112996 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 291136 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 1464285 | 11025 | SH |  | SOLE |  | 0 | 0 | 11025 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 360201 | 3387 | SH |  | SOLE |  | 0 | 0 | 3387 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 10211058 | 58931 | SH |  | SOLE |  | 0 | 0 | 58931 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 1468334 | 63896 | SH |  | SOLE |  | 0 | 0 | 63896 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE BOND ETF | 46654Q716 |  | 208755 | 3895 | SH |  | SOLE |  | 0 | 0 | 3895 |
| JOHN HANCOCK EXCHANGE TRADED | MORTGAGE BACKED | 47804J792 |  | 208347 | 9528 | SH |  | SOLE |  | 0 | 0 | 9528 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 269305 | 1763 | SH |  | SOLE |  | 0 | 0 | 1763 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2011933 | 6940 | SH |  | SOLE |  | 0 | 0 | 6940 |
| LAKELAND INDS INC | COM | 511795106 |  | 464088 | 34099 | SH |  | SOLE |  | 0 | 0 | 34099 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 409331 | 884 | SH |  | SOLE |  | 0 | 0 | 884 |
| MERCK  CO INC | COM | 58933Y105 |  | 274433 | 3467 | SH |  | SOLE |  | 0 | 0 | 3467 |
| META PLATFORMS INC | CL A | 30303M102 |  | 328921 | 446 | SH |  | SOLE |  | 0 | 0 | 446 |
| MICROSOFT CORP | COM | 594918104 |  | 3655177 | 7348 | SH |  | SOLE |  | 0 | 0 | 7348 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2974742 | 18829 | SH |  | SOLE |  | 0 | 0 | 18829 |
| ORACLE CORP | COM | 68389X105 |  | 781543 | 3575 | SH |  | SOLE |  | 0 | 0 | 3575 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 521413 | 3825 | SH |  | SOLE |  | 0 | 0 | 3825 |
| PAYCHEX INC | COM | 704326107 |  | 827145 | 5686 | SH |  | SOLE |  | 0 | 0 | 5686 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 262716 | 1649 | SH |  | SOLE |  | 0 | 0 | 1649 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 298357 | 3544 | SH |  | SOLE |  | 0 | 0 | 3544 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 306499 | 7659 | SH |  | SOLE |  | 0 | 0 | 7659 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 382674 | 7307 | SH |  | SOLE |  | 0 | 0 | 7307 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 204207 | 1515 | SH |  | SOLE |  | 0 | 0 | 1515 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 388202 | 4754 | SH |  | SOLE |  | 0 | 0 | 4754 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 353688 | 1160 | SH |  | SOLE |  | 0 | 0 | 1160 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3605661 | 5836 | SH |  | SOLE |  | 0 | 0 | 5836 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 1133836 | 2002 | SH |  | SOLE |  | 0 | 0 | 2002 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 368029 | 5063 | SH |  | SOLE |  | 0 | 0 | 5063 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 203585 | 4779 | SH |  | SOLE |  | 0 | 0 | 4779 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 1904954 | 14035 | SH |  | SOLE |  | 0 | 0 | 14035 |
| SRH TOTAL RETURN FUND INC | COM | 101507101 |  | 229740 | 12994 | SH |  | SOLE |  | 0 | 0 | 12994 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 905960 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| TESLA INC | COM | 88160R101 |  | 384369 | 1210 | SH |  | SOLE |  | 0 | 0 | 1210 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 204035 | 732 | SH |  | SOLE |  | 0 | 0 | 732 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 481240 | 1098 | SH |  | SOLE |  | 0 | 0 | 1098 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 314115 | 1101 | SH |  | SOLE |  | 0 | 0 | 1101 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 224239 | 801 | SH |  | SOLE |  | 0 | 0 | 801 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 200091 | 1132 | SH |  | SOLE |  | 0 | 0 | 1132 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 6928671 | 141315 | SH |  | SOLE |  | 0 | 0 | 141315 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 355102 | 1735 | SH |  | SOLE |  | 0 | 0 | 1735 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 234593 | 1760 | SH |  | SOLE |  | 0 | 0 | 1760 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 636749 | 960 | SH |  | SOLE |  | 0 | 0 | 960 |
| VISA INC | COM CL A | 92826C839 |  | 2250052 | 6337 | SH |  | SOLE |  | 0 | 0 | 6337 |
| WALMART INC | COM | 931142103 |  | 696010 | 7118 | SH |  | SOLE |  | 0 | 0 | 7118 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 208336 | 1999 | SH |  | SOLE |  | 0 | 0 | 1999 |

---