# EDGAR Filing Document

**Accession Number:** 0001817648
**File Stem:** 0001172661-25-003035
**Filing Date:** 2025-8
**Character Count:** 16326
**Document Hash:** b82d1e6b982e7128dd05a00d7471f923
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003035.hdr.sgml**: 20250812

**ACCESSION NUMBER**: 0001172661-25-003035

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250812

**DATE AS OF CHANGE**: 20250811

**EFFECTIVENESS DATE**: 20250812

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ABSOLUTE CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001817648

**ORGANIZATION NAME:**
- **EIN:** 251879568
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21528
- **FILM NUMBER:** 251203636

**BUSINESS ADDRESS:**
- **STREET 1:** 101 PENNSYLVANIA BOULEVARD
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15228
- **BUSINESS PHONE:** 888-388-8303

**MAIL ADDRESS:**
- **STREET 1:** 101 PENNSYLVANIA BOULEVARD
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15228

### 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:** ABSOLUTE CAPITAL MANAGEMENT LLC<br>**Address:** 101 Pennsylvania Boulevard<br>Pittsburgh, PA 15228

**Form 13F File Number:** 028-21528

**CRD Number (if applicable):** 000121484

**SEC File Number (if applicable):** 801-61336

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:** Brenden Gebben<br>**Title:** Managing Director  CEO<br>**Phone:** 888-388-8303

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

/s/ Brenden Gebben  Pittsburgh, PA  08-11-2025<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:** 123

**Form 13F Information Table Value Total:** $198958350

      (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 |
| AMAZON COM INC | COM | 023135106 |  | 382779 | 1744 | SH |  | SOLE |  | 0 | 0 | 1744 |
| APPLE INC | COM | 037833100 |  | 525670 | 2562 | SH |  | SOLE |  | 0 | 0 | 2562 |
| ECOLAB INC | COM | 278865100 |  | 889152 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2275347 | 4684 | SH |  | SOLE |  | 4600 | 0 | 84 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 6559200 | 9 | SH |  | SOLE |  | 9 | 0 | 0 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 410961 | 7777 | SH |  | SOLE |  | 0 | 0 | 7777 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2290438 | 3688 | SH |  | SOLE |  | 0 | 0 | 3688 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 224607 | 529 | SH |  | SOLE |  | 0 | 0 | 529 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 5621385 | 23550 | SH |  | SOLE |  | 23550 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 2002974 | 9282 | SH |  | SOLE |  | 8674 | 0 | 608 |
| ISHARES INC | MSCI EURZONE ETF | 464286608 |  | 1964287 | 33041 | SH |  | SOLE |  | 32900 | 0 | 141 |
| ISHARES TR | MORNINGSTAR VALU | 464288109 |  | 1709495 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI MATLS INDEX | 316092881 |  | 464491 | 9314 | SH |  | SOLE |  | 0 | 0 | 9314 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 2102897 | 19241 | SH |  | SOLE |  | 18999 | 0 | 242 |
| FIDELITY COVINGTON TRUST | LOW VOLITY ETF | 316092824 |  | 218105 | 3473 | SH |  | SOLE |  | 0 | 0 | 3473 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 265907 | 4264 | SH |  | SOLE |  | 0 | 0 | 4264 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 892333 | 3607 | SH |  | SOLE |  | 3300 | 0 | 307 |
| FIDELITY MERRIMACK STR TR | LOW DURTIN ETF | 316188408 |  | 229123 | 4576 | SH |  | SOLE |  | 0 | 0 | 4576 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1403556 | 7182 | SH |  | SOLE |  | 0 | 0 | 7182 |
| ISHARES TR | MORNINGSTAR GRWT | 464287119 |  | 3440337 | 35504 | SH |  | SOLE |  | 35400 | 0 | 104 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 498355 | 2876 | SH |  | SOLE |  | 0 | 0 | 2876 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 1516865 | 4467 | SH |  | SOLE |  | 0 | 0 | 4467 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 304420 | 3068 | SH |  | SOLE |  | 0 | 0 | 3068 |
| ISHARES TR | S 100 ETF | 464287101 |  | 679670 | 2233 | SH |  | SOLE |  | 0 | 0 | 2233 |
| FIDELITY COVINGTON TRUST | MOMENTUM FACTR | 316092816 |  | 3345426 | 44100 | SH |  | SOLE |  | 44100 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 1117951 | 13492 | SH |  | SOLE |  | 0 | 0 | 13492 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 576497 | 9295 | SH |  | SOLE |  | 0 | 0 | 9295 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1913742 | 17381 | SH |  | SOLE |  | 0 | 0 | 17381 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 681106 | 6081 | SH |  | SOLE |  | 0 | 0 | 6081 |
| MICROSOFT CORP | COM | 594918104 |  | 2002403 | 4025 | SH |  | SOLE |  | 2700 | 0 | 1325 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 1418185 | 7518 | SH |  | SOLE |  | 0 | 0 | 7518 |
| ISHARES TR | MBS ETF | 464288588 |  | 596077 | 6348 | SH |  | SOLE |  | 0 | 0 | 6348 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 1659419 | 26140 | SH |  | SOLE |  | 0 | 0 | 26140 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 733868 | 7223 | SH |  | SOLE |  | 0 | 0 | 7223 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 2199326 | 41271 | SH |  | SOLE |  | 0 | 0 | 41271 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 859032 | 17368 | SH |  | SOLE |  | 0 | 0 | 17368 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 1003759 | 13632 | SH |  | SOLE |  | 0 | 0 | 13632 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 888670 | 11490 | SH |  | SOLE |  | 0 | 0 | 11490 |
| VANGUARD BD INDEX FDS | LONG TERM BOND | 921937793 |  | 633105 | 9104 | SH |  | SOLE |  | 0 | 0 | 9104 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2364274 | 4162 | SH |  | SOLE |  | 3800 | 0 | 362 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 10442562 | 18930 | SH |  | SOLE |  | 18900 | 0 | 30 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1551218 | 8730 | SH |  | SOLE |  | 0 | 0 | 8730 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1999001 | 4554 | SH |  | SOLE |  | 0 | 0 | 4554 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 1261195 | 16025 | SH |  | SOLE |  | 0 | 0 | 16025 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 4161565 | 13673 | SH |  | SOLE |  | 7400 | 0 | 6273 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 860671 | 13136 | SH |  | SOLE |  | 0 | 0 | 13136 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1309460 | 18952 | SH |  | SOLE |  | 0 | 0 | 18952 |
| QUANTA SVCS INC | COM | 74762E102 |  | 567120 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 2158861 | 37868 | SH |  | SOLE |  | 0 | 0 | 37868 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 409833 | 1723 | SH |  | SOLE |  | 0 | 0 | 1723 |
| BLACKROCK ETF TRUST | ISHARES A I INNO | 09290C780 |  | 283780 | 9836 | SH |  | SOLE |  | 0 | 0 | 9836 |
| BROADCOM INC | COM | 11135F101 |  | 282344 | 1024 | SH |  | SOLE |  | 0 | 0 | 1024 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2179873 | 2202 | SH |  | SOLE |  | 2000 | 0 | 202 |
| BLACKSTONE INC | COM | 09260D107 |  | 1107939 | 7407 | SH |  | SOLE |  | 7400 | 0 | 7 |
| BANK MONTREAL MEDIUM | NT LKD 38 | 06368B504 |  | 260600 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 480766 | 8200 | SH |  | SOLE |  | 8200 | 0 | 0 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 1490420 | 27367 | SH |  | SOLE |  | 0 | 0 | 27367 |
| CAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 14020G101 |  | 1937866 | 47672 | SH |  | SOLE |  | 0 | 0 | 47672 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 679125 | 19087 | SH |  | SOLE |  | 0 | 0 | 19087 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 868098 | 20532 | SH |  | SOLE |  | 0 | 0 | 20532 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 364550 | 2068 | SH |  | SOLE |  | 0 | 0 | 2068 |
| FRANKLIN TEMPLETON ETF TR | INTL COR DIV TIL | 35473P108 |  | 1603800 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| FLEXSHARES TR | IBOXX 3R TARGT | 33939L506 |  | 364836 | 15051 | SH |  | SOLE |  | 0 | 0 | 15051 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 26 | 46138J635 |  | 944311 | 40476 | SH |  | SOLE |  | 0 | 0 | 40476 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 539051 | 10551 | SH |  | SOLE |  | 0 | 0 | 10551 |
| META PLATFORMS INC | CL A | 30303M102 |  | 477549 | 647 | SH |  | SOLE |  | 0 | 0 | 647 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 2533800 | 54808 | SH |  | SOLE |  | 0 | 0 | 54808 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 577645 | 13390 | SH |  | SOLE |  | 0 | 0 | 13390 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 432042 | 3841 | SH |  | SOLE |  | 0 | 0 | 3841 |
| FLEXSHARES TR | QUALT DIVD IDX | 33939L860 |  | 322359 | 4405 | SH |  | SOLE |  | 0 | 0 | 4405 |
| FLEXSHARES TR | HIG YLD VL ETF | 33939L662 |  | 256560 | 6253 | SH |  | SOLE |  | 0 | 0 | 6253 |
| FLEXSHARES TR | CRE SLCT BD FD | 33939L670 |  | 530404 | 23822 | SH |  | SOLE |  | 0 | 0 | 23822 |
| INVESCO EXCH TRADED FD TR II | S 500 REVENUE | 46138G698 |  | 4187662 | 40154 | SH |  | SOLE |  | 13500 | 0 | 26654 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 888864 | 3066 | SH |  | SOLE |  | 3000 | 0 | 66 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1170109 | 19492 | SH |  | SOLE |  | 0 | 0 | 19492 |
| ISHARES TR | HDG MSCI EAFE | 46434V803 |  | 1307839 | 34453 | SH |  | SOLE |  | 14000 | 0 | 20453 |
| ISHARES TR | IBONDS 2026 TERM | 46436E528 |  | 1417843 | 61035 | SH |  | SOLE |  | 0 | 0 | 61035 |
| ISHARES TR | HIGH YLD SYSTM B | 46435G250 |  | 383125 | 8070 | SH |  | SOLE |  | 0 | 0 | 8070 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 3379238 | 35999 | SH |  | SOLE |  | 0 | 0 | 35999 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 261655 | 3134 | SH |  | SOLE |  | 0 | 0 | 3134 |
| FLEXSHARES TR | INTL QLTDV IDX | 33939L837 |  | 266258 | 9825 | SH |  | SOLE |  | 0 | 0 | 9825 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 651820 | 11982 | SH |  | SOLE |  | 0 | 0 | 11982 |
| INVESCO EXCHANGE TRADED FD T | S MDCP QUALITY | 46137V472 |  | 332540 | 3385 | SH |  | SOLE |  | 0 | 0 | 3385 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 3238856 | 17716 | SH |  | SOLE |  | 0 | 0 | 17716 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 270123 | 2998 | SH |  | SOLE |  | 0 | 0 | 2998 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 611569 | 2544 | SH |  | SOLE |  | 0 | 0 | 2544 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDRS US | 46641Q399 |  | 227054 | 2028 | SH |  | SOLE |  | 0 | 0 | 2028 |
| ISHARES TR | CORE DIVID ETF | 46435U861 |  | 6088720 | 121000 | SH |  | SOLE |  | 121000 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 3034849 | 4288 | SH |  | SOLE |  | 4100 | 0 | 188 |
| NORTHERN LTS FD TR III | HCM DEFND 100 | 66538R748 |  | 272198 | 4026 | SH |  | SOLE |  | 0 | 0 | 4026 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 756478 | 4787 | SH |  | SOLE |  | 0 | 0 | 4787 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 380463 | 8901 | SH |  | SOLE |  | 0 | 0 | 8901 |
| NETFLIX INC | COM | 64110L106 |  | 2879131 | 2150 | SH |  | SOLE |  | 2000 | 0 | 150 |
| PROSHARES TR | PSHS ULTRUSS2000 | 74347R842 |  | 605415 | 16064 | SH |  | SOLE |  | 0 | 0 | 16064 |
| NORTHERN LTS FD TR III | HCM DEFEN 500 | 66538R730 |  | 266594 | 4897 | SH |  | SOLE |  | 0 | 0 | 4897 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 6241298 | 10098 | SH |  | SOLE |  | 8920 | 0 | 1178 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 2633138 | 51884 | SH |  | SOLE |  | 30000 | 0 | 21884 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 234913 | 418 | SH |  | SOLE |  | 0 | 0 | 418 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 504144 | 1616 | SH |  | SOLE |  | 1600 | 0 | 16 |
| SSGA ACTIVE TR | SPDR SSGA FXD | 78470P507 |  | 439192 | 16996 | SH |  | SOLE |  | 0 | 0 | 16996 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1162468 | 8624 | SH |  | SOLE |  | 0 | 0 | 8624 |
| SPDR SERIES TRUST | SPDR S | 78464A128 |  | 6763680 | 35200 | SH |  | SOLE |  | 35200 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 315644 | 7795 | SH |  | SOLE |  | 0 | 0 | 7795 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 5023410 | 11400 | SH |  | SOLE |  | 11400 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 384421 | 5288 | SH |  | SOLE |  | 0 | 0 | 5288 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 6778967 | 26770 | SH |  | SOLE |  | 26200 | 0 | 570 |
| SPDR SERIES TRUST | PORTFOLIO LN COR | 78464A367 |  | 282119 | 12499 | SH |  | SOLE |  | 0 | 0 | 12499 |
| SSGA ACTIVE TR | SPDR SSGA US SCT | 78470P408 |  | 619274 | 11275 | SH |  | SOLE |  | 0 | 0 | 11275 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 1159105 | 22133 | SH |  | SOLE |  | 22000 | 0 | 133 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 1614060 | 32600 | SH |  | SOLE |  | 0 | 0 | 32600 |
| SPDR SERIES TRUST | HLTH CARE SVCS | 78464A573 |  | 756580 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 449640 | 3048 | SH |  | SOLE |  | 0 | 0 | 3048 |
| SPDR SERIES TRUST | BBG CONV SEC ETF | 78464A359 |  | 242361 | 2932 | SH |  | SOLE |  | 0 | 0 | 2932 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 2566242 | 11718 | SH |  | SOLE |  | 11500 | 0 | 218 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 209430 | 2197 | SH |  | SOLE |  | 0 | 0 | 2197 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 11886981 | 42624 | SH |  | SOLE |  | 42484 | 0 | 140 |
| VISA INC | COM CL A | 92826C839 |  | 2059320 | 5800 | SH |  | SOLE |  | 5300 | 0 | 500 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 3230183 | 4870 | SH |  | SOLE |  | 0 | 0 | 4870 |
| VANGUARD SCOTTSDALE FDS | LG-TERM COR BD | 92206C813 |  | 1838166 | 24218 | SH |  | SOLE |  | 0 | 0 | 24218 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 545107 | 2195 | SH |  | SOLE |  | 2000 | 0 | 195 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 5010324 | 29295 | SH |  | SOLE |  | 29000 | 0 | 295 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 599404 | 12934 | SH |  | SOLE |  | 0 | 0 | 12934 |
| WISDOMTREE TR | US LARGECAP DIVD | 97717W307 |  | 425978 | 5186 | SH |  | SOLE |  | 0 | 0 | 5186 |

---