# EDGAR Filing Document

**Accession Number:** 0001641438
**File Stem:** 0001641438-25-000007
**Filing Date:** 2025-7
**Character Count:** 16880
**Document Hash:** 8dd18c330662c681cacc09d235e8c317
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641438-25-000007.hdr.sgml**: 20250714

**ACCESSION NUMBER**: 0001641438-25-000007

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250714

**DATE AS OF CHANGE**: 20250714

**EFFECTIVENESS DATE**: 20250714

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Financial Enhancement Group LLC
- **CENTRAL INDEX KEY:** 0001641438

**ORGANIZATION NAME:**
- **EIN:** 300041649
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16993
- **FILM NUMBER:** 251121172

**BUSINESS ADDRESS:**
- **STREET 1:** 2704 ENTERPRISE DRIVE
- **CITY:** ANDERSON
- **STATE:** IN
- **ZIP:** 46013
- **BUSINESS PHONE:** 765-640-1524

**MAIL ADDRESS:**
- **STREET 1:** 2704 ENTERPRISE DRIVE
- **CITY:** ANDERSON
- **STATE:** IN
- **ZIP:** 46013

### 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:** Financial Enhancement Group LLC<br>**Address:** 2704 ENTERPRISE DRIVE<br>ANDERSON, IN 46013

**Form 13F File Number:** 028-16993

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:** Donald E. Hodson<br>**Title:** CCO<br>**Phone:** 765-640-1524

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

Donald E. Hodson  Anderson, IN  07-14-2025<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:** 128

**Form 13F Information Table Value Total:** $699481785

      (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 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 210152 | 1166 | SH |  | SOLE | 0 | 0 | 0 | 1166 |
| AMAZON COM INC | COM | 023135106 |  | 373083 | 1658 | SH |  | SOLE | 0 | 0 | 0 | 1658 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 |  | 2361788 | 31929 | SH |  | SOLE | 0 | 0 | 0 | 31929 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 241966 | 2297 | SH |  | SOLE | 0 | 0 | 0 | 2297 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 1599590 | 12663 | SH |  | SOLE | 0 | 0 | 0 | 12663 |
| APPLE INC | COM | 037833100 |  | 11336127 | 53685 | SH |  | SOLE | 0 | 0 | 0 | 53685 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1968633 | 4137 | SH |  | SOLE | 0 | 0 | 0 | 4137 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 5765087 | 105145 | SH |  | SOLE | 0 | 0 | 0 | 105145 |
| BOEING CO | COM | 097023105 |  | 233645 | 1030 | SH |  | SOLE | 0 | 0 | 0 | 1030 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 874716 | 153 | SH |  | SOLE | 0 | 0 | 0 | 153 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 464606 | 4502 | SH |  | SOLE | 0 | 0 | 0 | 4502 |
| BROADCOM INC | COM | 11135F101 |  | 13416389 | 48897 | SH |  | SOLE | 0 | 0 | 0 | 48897 |
| BROWN  BROWN INC | COM | 115236101 |  | 808525 | 7574 | SH |  | SOLE | 0 | 0 | 0 | 7574 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 641210 | 4811 | SH |  | SOLE | 0 | 0 | 0 | 4811 |
| CAMECO CORP | COM | 13321L108 |  | 2637701 | 36282 | SH |  | SOLE | 0 | 0 | 0 | 36282 |
| CATERPILLAR INC | COM | 149123101 |  | 305735 | 753 | SH |  | SOLE | 0 | 0 | 0 | 753 |
| CHEVRON CORP NEW | COM | 166764100 |  | 205475 | 1323 | SH |  | SOLE | 0 | 0 | 0 | 1323 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 3124866 | 31870 | SH |  | SOLE | 0 | 0 | 0 | 31870 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 250404 | 258 | SH |  | SOLE | 0 | 0 | 0 | 258 |
| DANAHER CORPORATION | COM | 235851102 |  | 2242898 | 10949 | SH |  | SOLE | 0 | 0 | 0 | 10949 |
| DBX ETF TR | XTRACK MSCI JAPN | 233051507 |  | 2615212 | 34510 | SH |  | SOLE | 0 | 0 | 0 | 34510 |
| EA SERIES TRUST | CAMBRIA TAX AWAR | 02072Q804 |  | 2342888 | 89509 | SH |  | SOLE | 0 | 0 | 0 | 89509 |
| EA SERIES TRUST | CAMBRIA ENDOWM | 02072Q622 |  | 310656 | 11014 | SH |  | SOLE | 0 | 0 | 0 | 11014 |
| ELI LILLY  CO | COM | 532457108 |  | 1736695 | 2190 | SH |  | SOLE | 0 | 0 | 0 | 2190 |
| ETF OPPORTUNITIES TRUST | SMI 3FOURTEEN FU | 26923N512 |  | 3107047 | 118499 | SH |  | SOLE | 0 | 0 | 0 | 118499 |
| FIRST TR EXCH TRADED FD III | MANAGD MUN ETF | 33739N108 |  | 437788 | 8798 | SH |  | SOLE | 0 | 0 | 0 | 8798 |
| FIRST TR EXCH TRADED FD III | LNG/SHT EQUITY | 33739P103 |  | 7699287 | 116993 | SH |  | SOLE | 0 | 0 | 0 | 116993 |
| FIRST TR EXCHANGE TRAD FD VI | FST TR GLB FD | 33739H101 |  | 8979077 | 352951 | SH |  | SOLE | 0 | 0 | 0 | 352951 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 3399585 | 46839 | SH |  | SOLE | 0 | 0 | 0 | 46839 |
| FIRST TR EXCHANGE-TRADED FD | NY ARCA BIOTECH | 33733E203 |  | 942510 | 5658 | SH |  | SOLE | 0 | 0 | 0 | 5658 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 18141953 | 369039 | SH |  | SOLE | 0 | 0 | 0 | 369039 |
| FIRST TR EXCHANGE-TRADED FD | WTR ETF | 33733B100 |  | 1978123 | 18007 | SH |  | SOLE | 0 | 0 | 0 | 18007 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 3359216 | 56080 | SH |  | SOLE | 0 | 0 | 0 | 56080 |
| FIRST TR EXCHANGE-TRADED FD | LNG DUR OPRTUN | 33738D606 |  | 24483781 | 1162573 | SH |  | SOLE | 0 | 0 | 0 | 1162573 |
| GE VERNOVA INC | COM | 36828A101 |  | 1881670 | 3490 | SH |  | SOLE | 0 | 0 | 0 | 3490 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 958998 | 22158 | SH |  | SOLE | 0 | 0 | 0 | 22158 |
| HOME DEPOT INC | COM | 437076102 |  | 552144 | 1492 | SH |  | SOLE | 0 | 0 | 0 | 1492 |
| IMMUNITYBIO INC | COM | 45256X103 |  | 28100 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 11540034 | 63930 | SH |  | SOLE | 0 | 0 | 0 | 63930 |
| INVESCO EXCH TRADED FD TR II | INTL BUYBACK | 46138E644 |  | 3453120 | 70400 | SH |  | SOLE | 0 | 0 | 0 | 70400 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 13640442 | 121605 | SH |  | SOLE | 0 | 0 | 0 | 121605 |
| INVESCO EXCH TRD SLF IDX FD | RUSL 1000 DYNM | 46138J619 |  | 19253411 | 334900 | SH |  | SOLE | 0 | 0 | 0 | 334900 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 3472972 | 18832 | SH |  | SOLE | 0 | 0 | 0 | 18832 |
| INVESCO EXCHANGE TRADED FD T | S PUR VAL | 46137V258 |  | 994351 | 10510 | SH |  | SOLE | 0 | 0 | 0 | 10510 |
| INVESCO EXCHANGE TRADED FD T | AEROSPACE DEFN | 46137V100 |  | 1247786 | 8738 | SH |  | SOLE | 0 | 0 | 0 | 8738 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 25881346 | 46700 | SH |  | SOLE | 0 | 0 | 0 | 46700 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 5199970 | 77369 | SH |  | SOLE | 0 | 0 | 0 | 77369 |
| ISHARES INC | MSCI GBL GOLD MN | 46434G855 |  | 808033 | 18302 | SH |  | SOLE | 0 | 0 | 0 | 18302 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 5076809 | 27612 | SH |  | SOLE | 0 | 0 | 0 | 27612 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 284568 | 6246 | SH |  | SOLE | 0 | 0 | 0 | 6246 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 15200484 | 163904 | SH |  | SOLE | 0 | 0 | 0 | 163904 |
| ISHARES TR | S 100 ETF | 464287101 |  | 24061228 | 78347 | SH |  | SOLE | 0 | 0 | 0 | 78347 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 28107524 | 249136 | SH |  | SOLE | 0 | 0 | 0 | 249136 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 1144395 | 4844 | SH |  | SOLE | 0 | 0 | 0 | 4844 |
| ISHARES TR | CORE S ETF | 464287200 |  | 296306 | 473 | SH |  | SOLE | 0 | 0 | 0 | 473 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 9566721 | 107552 | SH |  | SOLE | 0 | 0 | 0 | 107552 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 5253443 | 95726 | SH |  | SOLE | 0 | 0 | 0 | 95726 |
| ISHARES TR | MSCI INTL MOMENT | 46434V449 |  | 2459837 | 54797 | SH |  | SOLE | 0 | 0 | 0 | 54797 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 6839321 | 52936 | SH |  | SOLE | 0 | 0 | 0 | 52936 |
| ISHARES TR | MBS ETF | 464288588 |  | 427806 | 4607 | SH |  | SOLE | 0 | 0 | 0 | 4607 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 6484775 | 32770 | SH |  | SOLE | 0 | 0 | 0 | 32770 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 7905663 | 156424 | SH |  | SOLE | 0 | 0 | 0 | 156424 |
| JANUS DETROIT STR TR | HENDERSON SECURI | 47103U746 |  | 24507265 | 468769 | SH |  | SOLE | 0 | 0 | 0 | 468769 |
| JANUS DETROIT STR TR | HENDERSON MTG | 47103U852 |  | 21215622 | 476327 | SH |  | SOLE | 0 | 0 | 0 | 476327 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 12373998 | 244449 | SH |  | SOLE | 0 | 0 | 0 | 244449 |
| JANUS DETROIT STR TR | HENDERSON EMERGI | 47103U738 |  | 8613929 | 166775 | SH |  | SOLE | 0 | 0 | 0 | 166775 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 11860240 | 241750 | SH |  | SOLE | 0 | 0 | 0 | 241750 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 224367 | 1430 | SH |  | SOLE | 0 | 0 | 0 | 1430 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 660065 | 2301 | SH |  | SOLE | 0 | 0 | 0 | 2301 |
| KROGER CO | COM | 501044101 |  | 5951772 | 84327 | SH |  | SOLE | 0 | 0 | 0 | 84327 |
| LINDE PLC | SHS | G54950103 |  | 11467101 | 24460 | SH |  | SOLE | 0 | 0 | 0 | 24460 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 207574 | 444 | SH |  | SOLE | 0 | 0 | 0 | 444 |
| MADISON SQUARE GARDEN ENTMT | COM CL A | 558256103 |  | 1158027 | 29332 | SH |  | SOLE | 0 | 0 | 0 | 29332 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 265737 | 483 | SH |  | SOLE | 0 | 0 | 0 | 483 |
| MERCK  CO INC | COM | 58933Y105 |  | 396508 | 4757 | SH |  | SOLE | 0 | 0 | 0 | 4757 |
| MICROSOFT CORP | COM | 594918104 |  | 1484285 | 2949 | SH |  | SOLE | 0 | 0 | 0 | 2949 |
| NETFLIX INC | COM | 64110L106 |  | 512985 | 412 | SH |  | SOLE | 0 | 0 | 0 | 412 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 3709263 | 49856 | SH |  | SOLE | 0 | 0 | 0 | 49856 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 9039828 | 54813 | SH |  | SOLE | 0 | 0 | 0 | 54813 |
| ORACLE CORP | COM | 68389X105 |  | 351373 | 1524 | SH |  | SOLE | 0 | 0 | 0 | 1524 |
| PACER FDS TR | LUNT LRGCP MULTI | 69374H816 |  | 12124382 | 245831 | SH |  | SOLE | 0 | 0 | 0 | 245831 |
| PACER FDS TR | TRENDP US LAR CP | 69374H105 |  | 8213180 | 160445 | SH |  | SOLE | 0 | 0 | 0 | 160445 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 1017748 | 10144 | SH |  | SOLE | 0 | 0 | 0 | 10144 |
| QUALYS INC | COM | 74758T303 |  | 798607 | 5889 | SH |  | SOLE | 0 | 0 | 0 | 5889 |
| SALESFORCE INC | COM | 79466L302 |  | 578077 | 2240 | SH |  | SOLE | 0 | 0 | 0 | 2240 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 2331576 | 26159 | SH |  | SOLE | 0 | 0 | 0 | 26159 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 4430562 | 41794 | SH |  | SOLE | 0 | 0 | 0 | 41794 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 11620161 | 222779 | SH |  | SOLE | 0 | 0 | 0 | 222779 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 6530287 | 79203 | SH |  | SOLE | 0 | 0 | 0 | 79203 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 10999268 | 73231 | SH |  | SOLE | 0 | 0 | 0 | 73231 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 3031737 | 8764 | SH |  | SOLE | 0 | 0 | 0 | 8764 |
| SIMPLIFY EXCHANGE TRADED FUN | US EQT PLS CNVEX | 82889N103 |  | 1386057 | 33765 | SH |  | SOLE | 0 | 0 | 0 | 33765 |
| SIMPLIFY EXCHANGE TRADED FUN | AGGREGATE BOND E | 82889N723 |  | 5612119 | 278103 | SH |  | SOLE | 0 | 0 | 0 | 278103 |
| SIMPLIFY EXCHANGE TRADED FUN | MULTI QIS ALTERN | 82889N533 |  | 2741365 | 128533 | SH |  | SOLE | 0 | 0 | 0 | 128533 |
| SIMPLIFY EXCHANGE TRADED FUN | MANAGED FUTURES | 82889N699 |  | 3277419 | 117554 | SH |  | SOLE | 0 | 0 | 0 | 117554 |
| SIMPLIFY EXCHANGE TRADED FUN | HEDGED EQUITY | 82889N764 |  | 3699676 | 122709 | SH |  | SOLE | 0 | 0 | 0 | 122709 |
| SOUTHERN CO | COM | 842587107 |  | 641856 | 6927 | SH |  | SOLE | 0 | 0 | 0 | 6927 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 447326 | 1447 | SH |  | SOLE | 0 | 0 | 0 | 1447 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 4323606 | 100995 | SH |  | SOLE | 0 | 0 | 0 | 100995 |
| SPDR INDEX SHS FDS | MSCI EAFE STRTGC | 78463X434 |  | 30961090 | 364162 | SH |  | SOLE | 0 | 0 | 0 | 364162 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 8224772 | 136897 | SH |  | SOLE | 0 | 0 | 0 | 136897 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2788205 | 4471 | SH |  | SOLE | 0 | 0 | 0 | 4471 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 |  | 428475 | 14704 | SH |  | SOLE | 0 | 0 | 0 | 14704 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 5106164 | 53278 | SH |  | SOLE | 0 | 0 | 0 | 53278 |
| SPDR SERIES TRUST | S 600 SMCP VAL | 78464A300 |  | 538831 | 6474 | SH |  | SOLE | 0 | 0 | 0 | 6474 |
| SPDR SERIES TRUST | S KENSHO NEW | 78468R648 |  | 1004828 | 18105 | SH |  | SOLE | 0 | 0 | 0 | 18105 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 50083404 | 682800 | SH |  | SOLE | 0 | 0 | 0 | 682800 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 1734998 | 31205 | SH |  | SOLE | 0 | 0 | 0 | 31205 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 |  | 2236911 | 29557 | SH |  | SOLE | 0 | 0 | 0 | 29557 |
| SPROTT PHYSICAL PLAT PALLAD | UNIT | 85207Q104 |  | 1664372 | 131675 | SH |  | SOLE | 0 | 0 | 0 | 131675 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 220569 | 1633 | SH |  | SOLE | 0 | 0 | 0 | 1633 |
| STRATEGY SHS | NEWFOUND RESLV | 86280R886 |  | 1600732 | 50136 | SH |  | SOLE | 0 | 0 | 0 | 50136 |
| TESLA INC | COM | 88160R101 |  | 563377 | 1797 | SH |  | SOLE | 0 | 0 | 0 | 1797 |
| TIDAL TRUST I | FUNDSTRAT GRANNY | 886364231 |  | 1189355 | 52487 | SH |  | SOLE | 0 | 0 | 0 | 52487 |
| TIDEWATER INC NEW | COM | 88642R109 |  | 1109177 | 21083 | SH |  | SOLE | 0 | 0 | 0 | 21083 |
| TORTOISE CAPITAL SERIES TRUS | NORTH AMERN PIPE | 890930308 |  | 2680908 | 76685 | SH |  | SOLE | 0 | 0 | 0 | 76685 |
| VANECK ETF TRUST | LONG/FLAT TREND | 92189F148 |  | 5421137 | 108882 | SH |  | SOLE | 0 | 0 | 0 | 108882 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 8035461 | 14018 | SH |  | SOLE | 0 | 0 | 0 | 14018 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1802209 | 36342 | SH |  | SOLE | 0 | 0 | 0 | 36342 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 832781 | 4044 | SH |  | SOLE | 0 | 0 | 0 | 4044 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1709453 | 12672 | SH |  | SOLE | 0 | 0 | 0 | 12672 |
| VICTORY PORTFOLIOS II | VCTRYSHS INTL MO | 92647N550 |  | 1192998 | 20530 | SH |  | SOLE | 0 | 0 | 0 | 20530 |
| VICTORY PORTFOLIOS II | SHARES FREE CASH | 92647X830 |  | 16109985 | 449497 | SH |  | SOLE | 0 | 0 | 0 | 449497 |
| VISA INC | COM CL A | 92826C839 |  | 12437452 | 35747 | SH |  | SOLE | 0 | 0 | 0 | 35747 |
| WALMART INC | COM | 931142103 |  | 332446 | 3522 | SH |  | SOLE | 0 | 0 | 0 | 3522 |
| WISDOMTREE TR | US MULTIFACTOR | 97717Y857 |  | 2684678 | 53257 | SH |  | SOLE | 0 | 0 | 0 | 53257 |
| WISDOMTREE TR | INTL QULTY DIV | 97717X131 |  | 1157235 | 29364 | SH |  | SOLE | 0 | 0 | 0 | 29364 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 7207163 | 108411 | SH |  | SOLE | 0 | 0 | 0 | 108411 |

---