# EDGAR Filing Document

**Accession Number:** 0001382646
**File Stem:** 0001382646-23-000001
**Filing Date:** 2023-2
**Character Count:** 23010
**Document Hash:** 9c2648cd8992c6686b8406a898530e9d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001382646-23-000001.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001382646-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**EFFECTIVENESS DATE**: 20230206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ifrah Financial Services, Inc.
- **CENTRAL INDEX KEY:** 0001382646
- **IRS NUMBER:** 710823354
- **STATE OF INCORPORATION:** AR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12063
- **FILM NUMBER:** 23589914

**BUSINESS ADDRESS:**
- **STREET 1:** 17300 CHENAL PARKWAY
- **STREET 2:** SUITE 150
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72223
- **BUSINESS PHONE:** 501-821-7733

**MAIL ADDRESS:**
- **STREET 1:** 17300 CHENAL PARKWAY
- **STREET 2:** SUITE 150
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72223

### 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:** Ifrah Financial Services Inc.<br>**Address:** 17300 Chenal Parkway<br>Suite 150<br>Little Rock, AR 72223

**Form 13F File Number:** 028-12063

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:** Patrick Ifrah<br>**Title:** President  CEO<br>**Phone:** 501-821-7733

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

Patrick Ifrah  Little Rock, AR  11-07-2022<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:** 199

**Form 13F Information Table Value Total:** $304578071

      (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 |  | 2195800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 4820740 | 29829 | SH |  | SOLE |  | 29829 | 0 | 0 |
| ABRDN ETFS | BBRG ALL COMMDY | 003261203 |  | 1738283 | 50254 | SH |  | SOLE |  | 50254 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 470466 | 1398 | SH |  | SOLE |  | 1398 | 0 | 0 |
| ADVANCED ENERGY INDS | COM | 007973100 |  | 230491 | 2687 | SH |  | SOLE |  | 2687 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 223397 | 1647 | SH |  | SOLE |  | 1647 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 542032 | 6109 | SH |  | SOLE |  | 6109 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 301747 | 3420 | SH |  | SOLE |  | 3420 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 621786 | 7402 | SH |  | SOLE |  | 7402 | 0 | 0 |
| AMDOCS LTD | SHS | G02602103 |  | 505283 | 5559 | SH |  | SOLE |  | 5559 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 252055 | 2655 | SH |  | SOLE |  | 2655 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 780687 | 5687 | SH |  | SOLE |  | 5687 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 633314 | 4533 | SH |  | SOLE |  | 4533 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 524741 | 1998 | SH |  | SOLE |  | 1998 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 9846488 | 75783 | SH |  | SOLE |  | 75783 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 810852 | 6434 | SH |  | SOLE |  | 6434 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 225608 | 1804 | SH |  | SOLE |  | 1804 | 0 | 0 |
| ATKORE INC | COM | 047649108 |  | 589499 | 5197 | SH |  | SOLE |  | 5197 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 368965 | 1545 | SH |  | SOLE |  | 1545 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 250619 | 7567 | SH |  | SOLE |  | 7567 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 |  | 918175 | 22920 | SH |  | SOLE |  | 22920 | 0 | 0 |
| BLOCK H  R INC | COM | 093671105 |  | 838726 | 22973 | SH |  | SOLE |  | 22973 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 1431491 | 13696 | SH |  | SOLE |  | 13696 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 888266 | 12346 | SH |  | SOLE |  | 12346 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 278990 | 2080 | SH |  | SOLE |  | 2080 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 342956 | 5286 | SH |  | SOLE |  | 5286 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 1106050 | 6885 | SH |  | SOLE |  | 6885 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 236024 | 985 | SH |  | SOLE |  | 985 | 0 | 0 |
| CBIZ INC | COM | 124805102 |  | 325842 | 6955 | SH |  | SOLE |  | 6955 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 617918 | 8029 | SH |  | SOLE |  | 8029 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 241054 | 1350 | SH |  | SOLE |  | 1350 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 240860 | 2827 | SH |  | SOLE |  | 2827 | 0 | 0 |
| CIGNA CORP NEW | COM | 125523100 |  | 306710 | 926 | SH |  | SOLE |  | 926 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 455243 | 9556 | SH |  | SOLE |  | 9556 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 601309 | 9453 | SH |  | SOLE |  | 9453 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 225288 | 6442 | SH |  | SOLE |  | 6442 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 413415 | 3592 | SH |  | SOLE |  | 3592 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 212172 | 2277 | SH |  | SOLE |  | 2277 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 224063 | 1620 | SH |  | SOLE |  | 1620 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 266921 | 2357 | SH |  | SOLE |  | 2357 | 0 | 0 |
| DIREXION SHS ETF TR | AUSPCE CMD STG | 25460E307 |  | 3706126 | 125973 | SH |  | SOLE |  | 125973 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 870020 | 5543 | SH |  | SOLE |  | 5543 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 440244 | 4583 | SH |  | SOLE |  | 4583 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 303656 | 5077 | SH |  | SOLE |  | 5077 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 627223 | 1914 | SH |  | SOLE |  | 1914 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 625842 | 5674 | SH |  | SOLE |  | 5674 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 366331 | 612 | SH |  | SOLE |  | 612 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | INSTL PFD SECS | 33739P855 |  | 253972 | 14260 | SH |  | SOLE |  | 14260 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 6171405 | 103826 | SH |  | SOLE |  | 103826 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 1570130 | 33118 | SH |  | SOLE |  | 33118 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 |  | 1861771 | 41753 | SH |  | SOLE |  | 41753 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | CBOE EQT BUFER | 33740F847 |  | 377262 | 10621 | SH |  | SOLE |  | 10621 | 0 | 0 |
| FIRST TR MORNINGSTAR DIVID L | SHS | 336917109 |  | 246705 | 6748 | SH |  | SOLE |  | 6748 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 1228936 | 12159 | SH |  | SOLE |  | 12159 | 0 | 0 |
| FLOWERS FOODS INC | COM | 343498101 |  | 297323 | 10345 | SH |  | SOLE |  | 10345 | 0 | 0 |
| FTI CONSULTING INC | COM | 302941109 |  | 665115 | 4188 | SH |  | SOLE |  | 4188 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 348422 | 1848 | SH |  | SOLE |  | 1848 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 297519 | 13883 | SH |  | SOLE |  | 13883 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 641071 | 2584 | SH |  | SOLE |  | 2584 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 384119 | 6751 | SH |  | SOLE |  | 6751 | 0 | 0 |
| HILLENBRAND INC | COM | 431571108 |  | 382826 | 8972 | SH |  | SOLE |  | 8972 | 0 | 0 |
| HOME BANCSHARES INC | COM | 436893200 |  | 203775 | 8941 | SH |  | SOLE |  | 8941 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 452840 | 1434 | SH |  | SOLE |  | 1434 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 668092 | 3118 | SH |  | SOLE |  | 3118 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 601426 | 22383 | SH |  | SOLE |  | 22383 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 291942 | 1244 | SH |  | SOLE |  | 1244 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 493652 | 964 | SH |  | SOLE |  | 964 | 0 | 0 |
| INNOVATOR ETFS TR | INTRNL DEV JULY | 45782C722 |  | 615110 | 25802 | SH |  | SOLE |  | 25802 | 0 | 0 |
| INNOVATOR ETFS TR | EMRGNG MKT JULY | 45782C714 |  | 451111 | 19759 | SH |  | SOLE |  | 19759 | 0 | 0 |
| INSPERITY INC | COM | 45778Q107 |  | 211296 | 1860 | SH |  | SOLE |  | 1860 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 268259 | 10150 | SH |  | SOLE |  | 10150 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 288495 | 741 | SH |  | SOLE |  | 741 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | GLOBAL WATER | 46138E651 |  | 227224 | 6959 | SH |  | SOLE |  | 6959 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 1052401 | 30425 | SH |  | SOLE |  | 30425 | 0 | 0 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 2753613 | 51906 | SH |  | SOLE |  | 51906 | 0 | 0 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 739184 | 22584 | SH |  | SOLE |  | 22584 | 0 | 0 |
| ISHARES INC | MSCI ISRAEL ETF | 464286632 |  | 223913 | 3999 | SH |  | SOLE |  | 3999 | 0 | 0 |
| ISHARES INC | MSCI SWITZERLAND | 464286749 |  | 463986 | 11066 | SH |  | SOLE |  | 11066 | 0 | 0 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 20219075 | 401093 | SH |  | SOLE |  | 401093 | 0 | 0 |
| ISHARES TR | 0-5YR INVT GR CP | 46434V100 |  | 2830872 | 59149 | SH |  | SOLE |  | 59149 | 0 | 0 |
| ISHARES TR | COHEN STEER REIT | 464287564 |  | 4609686 | 84057 | SH |  | SOLE |  | 84057 | 0 | 0 |
| ISHARES TR | HDG MSCI EAFE | 46434V803 |  | 4001250 | 148194 | SH |  | SOLE |  | 148194 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 288267 | 3108 | SH |  | SOLE |  | 3108 | 0 | 0 |
| ISHARES TR | BLACKROCK ULTRA | 46434V878 |  | 1616120 | 32297 | SH |  | SOLE |  | 32297 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 10116073 | 124628 | SH |  | SOLE |  | 124628 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 1820953 | 36551 | SH |  | SOLE |  | 36551 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 611243 | 1591 | SH |  | SOLE |  | 1591 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 9260096 | 183988 | SH |  | SOLE |  | 183988 | 0 | 0 |
| ISHARES TR | GLOBAL 100 ETF | 464287572 |  | 666048 | 10399 | SH |  | SOLE |  | 10399 | 0 | 0 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 |  | 552421 | 14168 | SH |  | SOLE |  | 14168 | 0 | 0 |
| ISHARES TR | GLOBAL FINLS ETF | 464287333 |  | 237365 | 3377 | SH |  | SOLE |  | 3377 | 0 | 0 |
| ISHARES TR | GLOB UTILITS ETF | 464288711 |  | 938519 | 15598 | SH |  | SOLE |  | 15598 | 0 | 0 |
| ISHARES TR | IBONDS DEC24 ETF | 46434VBG4 |  | 3078787 | 126076 | SH |  | SOLE |  | 126076 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 490245 | 5776 | SH |  | SOLE |  | 5776 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 861542 | 20641 | SH |  | SOLE |  | 20641 | 0 | 0 |
| ISHARES TR | MSCI INDONIA ETF | 46429B309 |  | 403038 | 18001 | SH |  | SOLE |  | 18001 | 0 | 0 |
| ISHARES TR | MSCI USA VALUE | 46432F388 |  | 215804 | 2368 | SH |  | SOLE |  | 2368 | 0 | 0 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 4475776 | 44403 | SH |  | SOLE |  | 44403 | 0 | 0 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 6264324 | 68605 | SH |  | SOLE |  | 68605 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 945234 | 8599 | SH |  | SOLE |  | 8599 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 280841 | 2511 | SH |  | SOLE |  | 2511 | 0 | 0 |
| ISHARES TR | U.S. BAS MTL ETF | 464287838 |  | 424517 | 3402 | SH |  | SOLE |  | 3402 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 445691 | 1571 | SH |  | SOLE |  | 1571 | 0 | 0 |
| ISHARES TR | US HLTHCR PR ETF | 464288828 |  | 353663 | 1321 | SH |  | SOLE |  | 1321 | 0 | 0 |
| ISHARES TR | US OIL GS EX ETF | 464288851 |  | 284109 | 3060 | SH |  | SOLE |  | 3060 | 0 | 0 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 1882338 | 22473 | SH |  | SOLE |  | 22473 | 0 | 0 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 6904624 | 122249 | SH |  | SOLE |  | 122249 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 2039175 | 44446 | SH |  | SOLE |  | 44446 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 12476880 | 213280 | SH |  | SOLE |  | 213280 | 0 | 0 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 10586287 | 154997 | SH |  | SOLE |  | 154997 | 0 | 0 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 5664921 | 52419 | SH |  | SOLE |  | 52419 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 288793 | 3051 | SH |  | SOLE |  | 3051 | 0 | 0 |
| ISHARES U S ETF TR | BLACKROCK ST MAT | 46431W507 |  | 8290309 | 168263 | SH |  | SOLE |  | 168263 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 429684 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 8242228 | 167321 | SH |  | SOLE |  | 167321 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 701930 | 3974 | SH |  | SOLE |  | 3974 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 458810 | 2682 | SH |  | SOLE |  | 2682 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 1329023 | 3525 | SH |  | SOLE |  | 3525 | 0 | 0 |
| KULICKE  SOFFA INDS INC | COM | 501242101 |  | 757052 | 17105 | SH |  | SOLE |  | 17105 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807108 |  | 404151 | 962 | SH |  | SOLE |  | 962 | 0 | 0 |
| LATTICE SEMICONDUCTOR CORP | COM | 518415104 |  | 247842 | 3820 | SH |  | SOLE |  | 3820 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 |  | 225894 | 1821 | SH |  | SOLE |  | 1821 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 2026468 | 5539 | SH |  | SOLE |  | 5539 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 345110 | 2388 | SH |  | SOLE |  | 2388 | 0 | 0 |
| LINDE PLC | SHS | G5494J103 |  | 1055024 | 3234 | SH |  | SOLE |  | 3234 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 220380 | 453 | SH |  | SOLE |  | 453 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 909164 | 8194 | SH |  | SOLE |  | 8194 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 307423 | 6151 | SH |  | SOLE |  | 6151 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2885238 | 12031 | SH |  | SOLE |  | 12031 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 292600 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| NORTHWESTERN CORP | COM NEW | 668074305 |  | 222822 | 3755 | SH |  | SOLE |  | 3755 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 352871 | 2415 | SH |  | SOLE |  | 2415 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1248994 | 15280 | SH |  | SOLE |  | 15280 | 0 | 0 |
| OTTER TAIL CORP | COM | 689648103 |  | 219869 | 3745 | SH |  | SOLE |  | 3745 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 217793 | 1703 | SH |  | SOLE |  | 1703 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 485224 | 4199 | SH |  | SOLE |  | 4199 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 996055 | 19439 | SH |  | SOLE |  | 19439 | 0 | 0 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 |  | 4974610 | 101316 | SH |  | SOLE |  | 101316 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 202420 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 225148 | 1588 | SH |  | SOLE |  | 1588 | 0 | 0 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 321350 | 14647 | SH |  | SOLE |  | 14647 | 0 | 0 |
| PROGRESS SOFTWARE CORP | COM | 743312100 |  | 385388 | 7639 | SH |  | SOLE |  | 7639 | 0 | 0 |
| QUALYS INC | COM | 74758T303 |  | 239948 | 2138 | SH |  | SOLE |  | 2138 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 438399 | 4344 | SH |  | SOLE |  | 4344 | 0 | 0 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 228322 | 1903 | SH |  | SOLE |  | 1903 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 245904 | 734 | SH |  | SOLE |  | 734 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 1776883 | 75069 | SH |  | SOLE |  | 75069 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT LG | 808524755 |  | 3364764 | 115747 | SH |  | SOLE |  | 115747 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 558778 | 17348 | SH |  | SOLE |  | 17348 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 346696 | 11017 | SH |  | SOLE |  | 11017 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 948688 | 19666 | SH |  | SOLE |  | 19666 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1025898 | 22722 | SH |  | SOLE |  | 22722 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1065347 | 16238 | SH |  | SOLE |  | 16238 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 756848 | 18683 | SH |  | SOLE |  | 18683 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 410639 | 9164 | SH |  | SOLE |  | 9164 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 4549636 | 68913 | SH |  | SOLE |  | 68913 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 495286 | 6644 | SH |  | SOLE |  | 6644 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 576358 | 6589 | SH |  | SOLE |  | 6589 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 443861 | 12978 | SH |  | SOLE |  | 12978 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 317343 | 3231 | SH |  | SOLE |  | 3231 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 237684 | 3060 | SH |  | SOLE |  | 3060 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 620803 | 4989 | SH |  | SOLE |  | 4989 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 436796 | 6196 | SH |  | SOLE |  | 6196 | 0 | 0 |
| SELECTIVE INS GROUP INC | COM | 816300107 |  | 238627 | 2693 | SH |  | SOLE |  | 2693 | 0 | 0 |
| SHYFT GROUP INC | COM | 825698103 |  | 318667 | 12818 | SH |  | SOLE |  | 12818 | 0 | 0 |
| SPDR SER TR | S METALS MNG | 78464A755 |  | 416160 | 8355 | SH |  | SOLE |  | 8355 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 1204653 | 4927 | SH |  | SOLE |  | 4927 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 1888672 | 5915 | SH |  | SOLE |  | 5915 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 353620 | 2373 | SH |  | SOLE |  | 2373 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 470125 | 5382 | SH |  | SOLE |  | 5382 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1179500 | 7139 | SH |  | SOLE |  | 7139 | 0 | 0 |
| TIMKEN CO | COM | 887389104 |  | 388062 | 5491 | SH |  | SOLE |  | 5491 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 262347 | 3296 | SH |  | SOLE |  | 3296 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 717204 | 3188 | SH |  | SOLE |  | 3188 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2045007 | 3857 | SH |  | SOLE |  | 3857 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 893713 | 4674 | SH |  | SOLE |  | 4674 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 4225990 | 24259 | SH |  | SOLE |  | 24259 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 3783729 | 21049 | SH |  | SOLE |  | 21049 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 3466969 | 25636 | SH |  | SOLE |  | 25636 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1627850 | 19736 | SH |  | SOLE |  | 19736 | 0 | 0 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 6132296 | 30579 | SH |  | SOLE |  | 30579 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 7402873 | 46618 | SH |  | SOLE |  | 46618 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 9483948 | 189149 | SH |  | SOLE |  | 189149 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 827074 | 21218 | SH |  | SOLE |  | 21218 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 2135847 | 45726 | SH |  | SOLE |  | 45726 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 375640 | 3471 | SH |  | SOLE |  | 3471 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 413025 | 6933 | SH |  | SOLE |  | 6933 | 0 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 3367727 | 19572 | SH |  | SOLE |  | 19572 | 0 | 0 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 2558495 | 24876 | SH |  | SOLE |  | 24876 | 0 | 0 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 459128 | 1851 | SH |  | SOLE |  | 1851 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 378501 | 1185 | SH |  | SOLE |  | 1185 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1438103 | 4980 | SH |  | SOLE |  | 4980 | 0 | 0 |
| VMWARE INC | CL A COM | 928563402 |  | 201644 | 1643 | SH |  | SOLE |  | 1643 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1672980 | 11799 | SH |  | SOLE |  | 11799 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 506769 | 3230 | SH |  | SOLE |  | 3230 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 194725 | 14141 | SH |  | SOLE |  | 14141 | 0 | 0 |
| WISDOMTREE TR | ITL HDG QTLY DIV | 97717X594 |  | 658413 | 18479 | SH |  | SOLE |  | 18479 | 0 | 0 |
| WISDOMTREE TR | JPN SCAP HDG EQT | 97717W521 |  | 511167 | 11547 | SH |  | SOLE |  | 11547 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 401826 | 2742 | SH |  | SOLE |  | 2742 | 0 | 0 |

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