# EDGAR Filing Document

**Accession Number:** 0001846786
**File Stem:** 0001846786-23-000002
**Filing Date:** 2023-1
**Character Count:** 18815
**Document Hash:** e04474d1643c014424e54ec8e4d0fd0d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001846786-23-000002.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001846786-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**EFFECTIVENESS DATE**: 20230125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kowal Investment Group, LLC
- **CENTRAL INDEX KEY:** 0001846786
- **IRS NUMBER:** 391417342
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21047
- **FILM NUMBER:** 23551833

**BUSINESS ADDRESS:**
- **STREET 1:** W238 N1660 BUSSE ROAD, SUITE 100
- **CITY:** WAUKESHA
- **STATE:** WI
- **ZIP:** 53188
- **BUSINESS PHONE:** 262-522-4040

**MAIL ADDRESS:**
- **STREET 1:** W238 N1660 BUSSE ROAD, SUITE 100
- **CITY:** WAUKESHA
- **STATE:** WI
- **ZIP:** 53188

### 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:** Kowal Investment Group LLC<br>**Address:** W238 N1660 BUSSE ROAD SUITE 100<br>WAUKESHA, WI 53188

**Form 13F File Number:** 028-21047

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:** Aaron Kowal<br>**Title:** President Chief Compliance Officer<br>**Phone:** (262) 522-4040

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

Aaron Kowal  WAUKESHA, WI  01-25-2023<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:** 154

**Form 13F Information Table Value Total:** $334992245

      (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 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 59377689 | 1318918 | SH |  | SOLE |  | 0 | 0 | 1318918 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 43007919 | 573821 | SH |  | SOLE |  | 0 | 0 | 573821 |
| FIRST TR MORNINGSTAR DIVID L | SHS | 336917109 |  | 23050760 | 630491 | SH |  | SOLE |  | 0 | 0 | 630491 |
| FIRST TR VALUE LINE DIVID IN | SHS | 33734H106 |  | 19079595 | 478066 | SH |  | SOLE |  | 0 | 0 | 478066 |
| FIRST TR NASDAQ 100 TECH IND | SHS | 337345102 |  | 17235317 | 163772 | SH |  | SOLE |  | 0 | 0 | 163772 |
| FIRST TR EXCHNG TRADED FD VI | TCW OPPORTUNIS | 33740F805 |  | 13752441 | 313125 | SH |  | SOLE |  | 0 | 0 | 313125 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 11603423 | 26205 | SH |  | SOLE |  | 0 | 0 | 26205 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 11473244 | 121230 | SH |  | SOLE |  | 0 | 0 | 121230 |
| FIRST TR EXCH TRADED FD III | MANAGD MUN ETF | 33739N108 |  | 7253130 | 144744 | SH |  | SOLE |  | 0 | 0 | 144744 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 7038884 | 18406 | SH |  | SOLE |  | 0 | 0 | 18406 |
| FIRST TR EXCHANGE TRADED FD | TECH ALPHADEX | 33734X176 |  | 5719020 | 62469 | SH |  | SOLE |  | 0 | 0 | 62469 |
| APPLE INC | COM | 037833100 |  | 5672001 | 43654 | SH |  | SOLE |  | 0 | 0 | 43654 |
| FIRST TR LRG CP VL ALPHADEX | COM SHS | 33735J101 |  | 4380681 | 66566 | SH |  | SOLE |  | 0 | 0 | 66566 |
| MICROSOFT CORP | COM | 594918104 |  | 3337819 | 13918 | SH |  | SOLE |  | 0 | 0 | 13918 |
| FIRST TR EXCHANGE TRADED FD | INTL EQUITY OPP | 33734X853 |  | 3150368 | 81070 | SH |  | SOLE |  | 0 | 0 | 81070 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 3034631 | 32366 | SH |  | SOLE |  | 0 | 0 | 32366 |
| FIRST TR MULTI CAP GROWTH AL | COM SHS | 33733F101 |  | 2926288 | 30862 | SH |  | SOLE |  | 0 | 0 | 30862 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 2685616 | 11103 | SH |  | SOLE |  | 0 | 0 | 11103 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 2613834 | 28889 | SH |  | SOLE |  | 0 | 0 | 28889 |
| T ROWE PRICE ETF INC | PRICE BLUE CHIP | 87283Q107 |  | 2493975 | 120949 | SH |  | SOLE |  | 0 | 0 | 120949 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 2472943 | 48130 | SH |  | SOLE |  | 0 | 0 | 48130 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 2211242 | 22799 | SH |  | SOLE |  | 0 | 0 | 22799 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2123248 | 14009 | SH |  | SOLE |  | 0 | 0 | 14009 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2110435 | 5493 | SH |  | SOLE |  | 0 | 0 | 5493 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 1913583 | 12618 | SH |  | SOLE |  | 0 | 0 | 12618 |
| ABBVIE INC | COM | 00287Y109 |  | 1877348 | 11617 | SH |  | SOLE |  | 0 | 0 | 11617 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1842556 | 10431 | SH |  | SOLE |  | 0 | 0 | 10431 |
| HORIZON THERAPEUTICS PUB L | SHS | G46188101 |  | 1698124 | 14922 | SH |  | SOLE |  | 0 | 0 | 14922 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1619323 | 7558 | SH |  | SOLE |  | 0 | 0 | 7558 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1599866 | 8913 | SH |  | SOLE |  | 0 | 0 | 8913 |
| MCDONALDS CORP | COM | 580135101 |  | 1555275 | 5902 | SH |  | SOLE |  | 0 | 0 | 5902 |
| SPDR SER TR | PORTFOLIO INTRMD | 78464A375 |  | 1398632 | 43941 | SH |  | SOLE |  | 0 | 0 | 43941 |
| ABBOTT LABS | COM | 002824100 |  | 1344547 | 12247 | SH |  | SOLE |  | 0 | 0 | 12247 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1320008 | 11967 | SH |  | SOLE |  | 0 | 0 | 11967 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1298788 | 28414 | SH |  | SOLE |  | 0 | 0 | 28414 |
| AT INC | COM | 00206R102 |  | 1273121 | 69154 | SH |  | SOLE |  | 0 | 0 | 69154 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1265694 | 12506 | SH |  | SOLE |  | 0 | 0 | 12506 |
| PEPSICO INC | COM | 713448108 |  | 1182536 | 6546 | SH |  | SOLE |  | 0 | 0 | 6546 |
| HOME DEPOT INC | COM | 437076102 |  | 1076961 | 3410 | SH |  | SOLE |  | 0 | 0 | 3410 |
| ISHARES TR | AGGRES ALLOC ETF | 464289859 |  | 1056509 | 17682 | SH |  | SOLE |  | 0 | 0 | 17682 |
| VISA INC | COM CL A | 92826C839 |  | 1054955 | 5078 | SH |  | SOLE |  | 0 | 0 | 5078 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1045908 | 3386 | SH |  | SOLE |  | 0 | 0 | 3386 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1014323 | 14949 | SH |  | SOLE |  | 0 | 0 | 14949 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1003351 | 7482 | SH |  | SOLE |  | 0 | 0 | 7482 |
| AMAZON COM INC | COM | 023135106 |  | 992329 | 11813 | SH |  | SOLE |  | 0 | 0 | 11813 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 985492 | 4029 | SH |  | SOLE |  | 0 | 0 | 4029 |
| US BANCORP DEL | COM NEW | 902973304 |  | 944831 | 21665 | SH |  | SOLE |  | 0 | 0 | 21665 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 940703 | 15261 | SH |  | SOLE |  | 0 | 0 | 15261 |
| CISCO SYS INC | COM | 17275R102 |  | 934343 | 19613 | SH |  | SOLE |  | 0 | 0 | 19613 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 924147 | 18666 | SH |  | SOLE |  | 0 | 0 | 18666 |
| CATERPILLAR INC | COM | 149123101 |  | 910157 | 3799 | SH |  | SOLE |  | 0 | 0 | 3799 |
| MERCK  CO INC | COM | 58933Y105 |  | 892330 | 8043 | SH |  | SOLE |  | 0 | 0 | 8043 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 853451 | 18995 | SH |  | SOLE |  | 0 | 0 | 18995 |
| FIRST TR LRGE CP CORE ALPHA | COM SHS | 33734K109 |  | 849366 | 10608 | SH |  | SOLE |  | 0 | 0 | 10608 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 831143 | 5687 | SH |  | SOLE |  | 0 | 0 | 5687 |
| ZACKS TRUST | EARNGS CONSTANT | 98888G105 |  | 828016 | 35836 | SH |  | SOLE |  | 0 | 0 | 35836 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 819789 | 14873 | SH |  | SOLE |  | 0 | 0 | 14873 |
| EATON CORP PLC | SHS | G29183103 |  | 814787 | 5191 | SH |  | SOLE |  | 0 | 0 | 5191 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 801466 | 9084 | SH |  | SOLE |  | 0 | 0 | 9084 |
| ISHARES TR | GRWT ALLOCAT ETF | 464289867 |  | 773023 | 16391 | SH |  | SOLE |  | 0 | 0 | 16391 |
| COCA COLA CO | COM | 191216100 |  | 769643 | 12099 | SH |  | SOLE |  | 0 | 0 | 12099 |
| FISERV INC | COM | 337738108 |  | 769502 | 7614 | SH |  | SOLE |  | 0 | 0 | 7614 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 753347 | 3940 | SH |  | SOLE |  | 0 | 0 | 3940 |
| PFIZER INC | COM | 717081103 |  | 724893 | 14147 | SH |  | SOLE |  | 0 | 0 | 14147 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 713406 | 14175 | SH |  | SOLE |  | 0 | 0 | 14175 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 711699 | 6031 | SH |  | SOLE |  | 0 | 0 | 6031 |
| METLIFE INC | COM | 59156R108 |  | 688468 | 9513 | SH |  | SOLE |  | 0 | 0 | 9513 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 677875 | 7999 | SH |  | SOLE |  | 0 | 0 | 7999 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 670089 | 7552 | SH |  | SOLE |  | 0 | 0 | 7552 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 659839 | 1878 | SH |  | SOLE |  | 0 | 0 | 1878 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 654783 | 1235 | SH |  | SOLE |  | 0 | 0 | 1235 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 622862 | 8284 | SH |  | SOLE |  | 0 | 0 | 8284 |
| FIRST TR MID CAP CORE ALPHAD | COM SHS | 33735B108 |  | 559592 | 6371 | SH |  | SOLE |  | 0 | 0 | 6371 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 541589 | 6464 | SH |  | SOLE |  | 0 | 0 | 6464 |
| WALMART INC | COM | 931142103 |  | 537166 | 3788 | SH |  | SOLE |  | 0 | 0 | 3788 |
| T ROWE PRICE ETF INC | PRICE EQT INCOME | 87283Q206 |  | 519240 | 15236 | SH |  | SOLE |  | 0 | 0 | 15236 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 510705 | 2058 | SH |  | SOLE |  | 0 | 0 | 2058 |
| CVS HEALTH CORP | COM | 126650100 |  | 510474 | 5478 | SH |  | SOLE |  | 0 | 0 | 5478 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 508404 | 4698 | SH |  | SOLE |  | 0 | 0 | 4698 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 505779 | 3726 | SH |  | SOLE |  | 0 | 0 | 3726 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 502081 | 3696 | SH |  | SOLE |  | 0 | 0 | 3696 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 496671 | 12606 | SH |  | SOLE |  | 0 | 0 | 12606 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 474568 | 4771 | SH |  | SOLE |  | 0 | 0 | 4771 |
| SPDR SER TR | PORTFOLIO S | 78464A854 |  | 464653 | 10330 | SH |  | SOLE |  | 0 | 0 | 10330 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 450980 | 6268 | SH |  | SOLE |  | 0 | 0 | 6268 |
| BROADCOM INC | COM | 11135F101 |  | 447792 | 801 | SH |  | SOLE |  | 0 | 0 | 801 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 441760 | 9629 | SH |  | SOLE |  | 0 | 0 | 9629 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 438038 | 5560 | SH |  | SOLE |  | 0 | 0 | 5560 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 432019 | 888 | SH |  | SOLE |  | 0 | 0 | 888 |
| DEERE  CO | COM | 244199105 |  | 426679 | 995 | SH |  | SOLE |  | 0 | 0 | 995 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 413816 | 1554 | SH |  | SOLE |  | 0 | 0 | 1554 |
| HARTFORD FDS EXCHANGE TRADED | MUN OPORTUNITE | 41653L503 |  | 410936 | 10941 | SH |  | SOLE |  | 0 | 0 | 10941 |
| SOUTHERN CO | COM | 842587107 |  | 409575 | 5736 | SH |  | SOLE |  | 0 | 0 | 5736 |
| INVESCO ACTIVELY MANAGED ETF | BLNCD MLTI AST | 46090A200 |  | 408663 | 28010 | SH |  | SOLE |  | 0 | 0 | 28010 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 407054 | 6107 | SH |  | SOLE |  | 0 | 0 | 6107 |
| LILLY ELI  CO | COM | 532457108 |  | 402379 | 1100 | SH |  | SOLE |  | 0 | 0 | 1100 |
| FIRST TR EXCHANGE TRADED FD | DJ GLBL DIVID | 33734X200 |  | 392983 | 17879 | SH |  | SOLE |  | 0 | 0 | 17879 |
| ISHARES TR | CORE 1 5 YR USD | 46432F859 |  | 381618 | 8217 | SH |  | SOLE |  | 0 | 0 | 8217 |
| SPDR SER TR | S DIVID ETF | 78464A763 |  | 372984 | 2981 | SH |  | SOLE |  | 0 | 0 | 2981 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 362405 | 3524 | SH |  | SOLE |  | 0 | 0 | 3524 |
| WP CAREY INC | COM | 92936U109 |  | 356593 | 4563 | SH |  | SOLE |  | 0 | 0 | 4563 |
| ISHARES TR | MODERT ALLOC ETF | 464289875 |  | 354060 | 9315 | SH |  | SOLE |  | 0 | 0 | 9315 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 353097 | 8413 | SH |  | SOLE |  | 0 | 0 | 8413 |
| FIRST TRUST LRGCP GWT ALPHAD | COM SHS | 33735K108 |  | 350547 | 3834 | SH |  | SOLE |  | 0 | 0 | 3834 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 350307 | 4080 | SH |  | SOLE |  | 0 | 0 | 4080 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 346625 | 3804 | SH |  | SOLE |  | 0 | 0 | 3804 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 343637 | 14518 | SH |  | SOLE |  | 0 | 0 | 14518 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 339588 | 3882 | SH |  | SOLE |  | 0 | 0 | 3882 |
| BANK AMERICA CORP | COM | 060505104 |  | 327440 | 9886 | SH |  | SOLE |  | 0 | 0 | 9886 |
| FIRST TR EXCHANGE-TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 320862 | 7306 | SH |  | SOLE |  | 0 | 0 | 7306 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 318632 | 698 | SH |  | SOLE |  | 0 | 0 | 698 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 317194 | 1440 | SH |  | SOLE |  | 0 | 0 | 1440 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 311840 | 6578 | SH |  | SOLE |  | 0 | 0 | 6578 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 308545 | 4821 | SH |  | SOLE |  | 0 | 0 | 4821 |
| BLACKROCK INC | COM | 09247X101 |  | 303154 | 428 | SH |  | SOLE |  | 0 | 0 | 428 |
| FIRST TR MULTI CP VAL ALPHA | SHS ISSUED FRST | 33733C108 |  | 295812 | 4298 | SH |  | SOLE |  | 0 | 0 | 4298 |
| CROWN CASTLE INC | COM | 22822V101 |  | 290473 | 2142 | SH |  | SOLE |  | 0 | 0 | 2142 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 287703 | 8227 | SH |  | SOLE |  | 0 | 0 | 8227 |
| FIRST TR EXCH TRADED FD III | ULTRA SHT DUR MU | 33740J104 |  | 286675 | 14370 | SH |  | SOLE |  | 0 | 0 | 14370 |
| TESLA INC | COM | 88160R101 |  | 282991 | 2297 | SH |  | SOLE |  | 0 | 0 | 2297 |
| INTEL CORP | COM | 458140100 |  | 278049 | 10520 | SH |  | SOLE |  | 0 | 0 | 10520 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 274070 | 2597 | SH |  | SOLE |  | 0 | 0 | 2597 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 273503 | 3265 | SH |  | SOLE |  | 0 | 0 | 3265 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 271229 | 1717 | SH |  | SOLE |  | 0 | 0 | 1717 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 267598 | 18105 | SH |  | SOLE |  | 0 | 0 | 18105 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 265798 | 3687 | SH |  | SOLE |  | 0 | 0 | 3687 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 263392 | 2117 | SH |  | SOLE |  | 0 | 0 | 2117 |
| ISHARES TR | MBS ETF | 464288588 |  | 261983 | 2825 | SH |  | SOLE |  | 0 | 0 | 2825 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 261637 | 4932 | SH |  | SOLE |  | 0 | 0 | 4932 |
| HERSHEY CO | COM | 427866108 |  | 256601 | 1108 | SH |  | SOLE |  | 0 | 0 | 1108 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 255888 | 1685 | SH |  | SOLE |  | 0 | 0 | 1685 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 252730 | 981 | SH |  | SOLE |  | 0 | 0 | 981 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 246643 | 3736 | SH |  | SOLE |  | 0 | 0 | 3736 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 244352 | 1734 | SH |  | SOLE |  | 0 | 0 | 1734 |
| OLD REP INTL CORP | COM | 680223104 |  | 241500 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| CION INVT CORP | COM | 17259U204 |  | 238786 | 24491 | SH |  | SOLE |  | 0 | 0 | 24491 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 235380 | 3684 | SH |  | SOLE |  | 0 | 0 | 3684 |
| HUMANA INC | COM | 444859102 |  | 233100 | 455 | SH |  | SOLE |  | 0 | 0 | 455 |
| ASSOCIATED BANC CORP | COM | 045487105 |  | 232314 | 10061 | SH |  | SOLE |  | 0 | 0 | 10061 |
| DISNEY WALT CO | COM | 254687106 |  | 229537 | 2642 | SH |  | SOLE |  | 0 | 0 | 2642 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 227756 | 3335 | SH |  | SOLE |  | 0 | 0 | 3335 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US LG | 808524771 |  | 222947 | 4172 | SH |  | SOLE |  | 0 | 0 | 4172 |
| XCEL ENERGY INC | COM | 98389B100 |  | 220412 | 3144 | SH |  | SOLE |  | 0 | 0 | 3144 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 219722 | 12153 | SH |  | SOLE |  | 0 | 0 | 12153 |
| ORACLE CORP | COM | 68389X105 |  | 219484 | 2685 | SH |  | SOLE |  | 0 | 0 | 2685 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 216682 | 2909 | SH |  | SOLE |  | 0 | 0 | 2909 |
| DOW INC | COM | 260557103 |  | 216155 | 4290 | SH |  | SOLE |  | 0 | 0 | 4290 |
| FORD MTR CO DEL | COM | 345370860 |  | 213006 | 18315 | SH |  | SOLE |  | 0 | 0 | 18315 |
| T ROWE PRICE ETF INC | PRICE DIV GRWT | 87283Q404 |  | 211611 | 6741 | SH |  | SOLE |  | 0 | 0 | 6741 |
| FIRST TR EXCHANGE-TRADED FD | DORSEY WRT 5 ETF | 33738R605 |  | 211493 | 4543 | SH |  | SOLE |  | 0 | 0 | 4543 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 210561 | 2483 | SH |  | SOLE |  | 0 | 0 | 2483 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 203941 | 1202 | SH |  | SOLE |  | 0 | 0 | 1202 |
| AMERICAN AXLE  MFG HLDGS IN | COM | 024061103 |  | 198651 | 25403 | SH |  | SOLE |  | 0 | 0 | 25403 |
| KEYCORP | COM | 493267108 |  | 181666 | 10429 | SH |  | SOLE |  | 0 | 0 | 10429 |

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