# EDGAR Filing Document

**Accession Number:** 0001908165
**File Stem:** 0001908165-26-000002
**Filing Date:** 2026-2
**Character Count:** 17683
**Document Hash:** 01b79674e0104e2c50b48009ca4766b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001908165-26-000002.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001908165-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sovereign Investment Advisors, LLC
- **CENTRAL INDEX KEY:** 0001908165

**ORGANIZATION NAME:**
- **EIN:** 263644360
- **STATE OF INCORPORATION:** AZ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21636
- **FILM NUMBER:** 26631635

**BUSINESS ADDRESS:**
- **STREET 1:** 3930 E RAY ROAD
- **STREET 2:** SUITE 170
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85044
- **BUSINESS PHONE:** 480-385-2850

**MAIL ADDRESS:**
- **STREET 1:** 3930 E RAY ROAD
- **STREET 2:** SUITE 170
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85044

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Sovereign Investment Advisors LLC<br>**Address:** 3930 E RAY ROAD<br>SUITE 170<br>PHOENIX, AZ 85044

**Form 13F File Number:** 028-21636

**CRD Number (if applicable):** 000149040

**SEC File Number (if applicable):** 801-80942

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:** April Lamb<br>**Title:** Director of Operations<br>**Phone:** 480-385-2840

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

April Lamb  Pheonix, AZ  02-13-2026<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:** 135

**Form 13F Information Table Value Total:** $399785788

      (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 |
| ISHARES TR | CORE S ETF | 464287200 |  | 60563434 | 88422 | SH |  | SOLE |  | 88422 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 28737025 | 321228 | SH |  | SOLE |  | 321228 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 18989473 | 355808 | SH |  | SOLE |  | 355808 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 14580034 | 23734 | SH |  | SOLE |  | 23734 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 12732013 | 313875 | SH |  | SOLE |  | 313875 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 10799764 | 145805 | SH |  | SOLE |  | 145805 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 10540220 | 156802 | SH |  | SOLE |  | 156802 | 0 | 0 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 10314280 | 261121 | SH |  | SOLE |  | 261121 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 10132082 | 316035 | SH |  | SOLE |  | 316035 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 9644598 | 28767 | SH |  | SOLE |  | 28767 | 0 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 9036143 | 503126 | SH |  | SOLE |  | 503126 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 8687117 | 176783 | SH |  | SOLE |  | 176783 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 8329404 | 169504 | SH |  | SOLE |  | 169504 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 8047508 | 170933 | SH |  | SOLE |  | 170933 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 6862602 | 68708 | SH |  | SOLE |  | 68708 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 6703347 | 91202 | SH |  | SOLE |  | 91202 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 6675843 | 85720 | SH |  | SOLE |  | 85720 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 6378847 | 67745 | SH |  | SOLE |  | 67745 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 6167003 | 125499 | SH |  | SOLE |  | 125499 | 0 | 0 |
| LEGG MASON ETF INVT | FRANKLIN US LOW | 52468L406 |  | 6114614 | 151971 | SH |  | SOLE |  | 151971 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 5301277 | 58014 | SH |  | SOLE |  | 58014 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 5179278 | 40137 | SH |  | SOLE |  | 40137 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 5100836 | 54172 | SH |  | SOLE |  | 54172 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 4967255 | 40299 | SH |  | SOLE |  | 40299 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 4816329 | 95222 | SH |  | SOLE |  | 95222 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R622 |  | 4764914 | 49017 | SH |  | SOLE |  | 49017 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4354216 | 6373 | SH |  | SOLE |  | 6373 | 0 | 0 |
| ALPS ETF TR | SMITH CORE PLUS | 00162Q346 |  | 3671855 | 140846 | SH |  | SOLE |  | 140846 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 3554077 | 47111 | SH |  | SOLE |  | 47111 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3382391 | 5506 | SH |  | SOLE |  | 5506 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 3097913 | 76576 | SH |  | SOLE |  | 76576 | 0 | 0 |
| ISHARES TR | CORE MSCI INTL | 46435G326 |  | 2993034 | 36288 | SH |  | SOLE |  | 36288 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 2931273 | 52566 | SH |  | SOLE |  | 52566 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2693251 | 3938 | SH |  | SOLE |  | 3938 | 0 | 0 |
| ALPS ETF TR | SMITH CORE PLUS | 00162Q346 |  | 2474590 | 94921 | SH |  | SOLE |  | 94921 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2451097 | 3990 | SH |  | SOLE |  | 3990 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 2298054 | 32177 | SH |  | SOLE |  | 32177 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 2245698 | 45700 | SH |  | SOLE |  | 45700 | 0 | 0 |
| SUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 86765K109 |  | 2169774 | 41400 | SH |  | SOLE |  | 41400 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1994619 | 29673 | SH |  | SOLE |  | 29673 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 1987794 | 39300 | SH |  | SOLE |  | 39300 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1960878 | 3192 | SH |  | SOLE |  | 3192 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1925527 | 2823 | SH |  | SOLE |  | 2823 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 1925125 | 47459 | SH |  | SOLE |  | 47459 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 1870323 | 46108 | SH |  | SOLE |  | 46108 | 0 | 0 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 1644416 | 11649 | SH |  | SOLE |  | 11649 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1544276 | 2258 | SH |  | SOLE |  | 2258 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1541296 | 28670 | SH |  | SOLE |  | 28670 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1517827 | 2216 | SH |  | SOLE |  | 2216 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 1496713 | 29591 | SH |  | SOLE |  | 29591 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1470658 | 2394 | SH |  | SOLE |  | 2394 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 1352105 | 26732 | SH |  | SOLE |  | 26732 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1216948 | 1981 | SH |  | SOLE |  | 1981 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1181118 | 1727 | SH |  | SOLE |  | 1727 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1167167 | 14639 | SH |  | SOLE |  | 14639 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1152446 | 1876 | SH |  | SOLE |  | 1876 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 1148325 | 28309 | SH |  | SOLE |  | 28309 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1127259 | 1835 | SH |  | SOLE |  | 1835 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 1118348 | 27570 | SH |  | SOLE |  | 27570 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1110675 | 1624 | SH |  | SOLE |  | 1624 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1061434 | 1552 | SH |  | SOLE |  | 1552 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 1044072 | 20642 | SH |  | SOLE |  | 20642 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 1042259 | 21210 | SH |  | SOLE |  | 21210 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1018526 | 1658 | SH |  | SOLE |  | 1658 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 1017973 | 20126 | SH |  | SOLE |  | 20126 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 1013915 | 10768 | SH |  | SOLE |  | 10768 | 0 | 0 |
| ISHARES TR | CORE MSCI INTL | 46435G326 |  | 1005926 | 12196 | SH |  | SOLE |  | 12196 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 994921 | 1459 | SH |  | SOLE |  | 1459 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 994921 | 1459 | SH |  | SOLE |  | 1459 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 992168 | 13395 | SH |  | SOLE |  | 13395 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 990187 | 10516 | SH |  | SOLE |  | 10516 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 988792 | 13107 | SH |  | SOLE |  | 13107 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 970368 | 19747 | SH |  | SOLE |  | 19747 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 962653 | 19590 | SH |  | SOLE |  | 19590 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 956795 | 1399 | SH |  | SOLE |  | 1399 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 924655 | 22795 | SH |  | SOLE |  | 22795 | 0 | 0 |
| ALPS ETF TR | SMITH CORE PLUS | 00162Q346 |  | 876864 | 33635 | SH |  | SOLE |  | 33635 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 875268 | 16400 | SH |  | SOLE |  | 16400 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 796146 | 1296 | SH |  | SOLE |  | 1296 | 0 | 0 |
| ISHARES TR | CORE MSCI INTL | 46435G326 |  | 778859 | 9443 | SH |  | SOLE |  | 9443 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 773506 | 1131 | SH |  | SOLE |  | 1131 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 715061 | 17628 | SH |  | SOLE |  | 17628 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 666425 | 16429 | SH |  | SOLE |  | 16429 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 587848 | 6433 | SH |  | SOLE |  | 6433 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 580633 | 14314 | SH |  | SOLE |  | 14314 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 562906 | 13877 | SH |  | SOLE |  | 13877 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 507415 | 12509 | SH |  | SOLE |  | 12509 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 506863 | 5383 | SH |  | SOLE |  | 5383 | 0 | 0 |
| ALPS ETF TR | SMITH CORE PLUS | 00162Q346 |  | 504819 | 19364 | SH |  | SOLE |  | 19364 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 503568 | 5348 | SH |  | SOLE |  | 5348 | 0 | 0 |
| ISHARES TR | CORE UNIVRSL USD | 46434V613 |  | 496442 | 10667 | SH |  | SOLE |  | 10667 | 0 | 0 |
| ALPS ETF TR | SMITH CORE PLUS | 00162Q346 |  | 484824 | 18597 | SH |  | SOLE |  | 18597 | 0 | 0 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 476805 | 12071 | SH |  | SOLE |  | 12071 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 473622 | 14773 | SH |  | SOLE |  | 14773 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 469196 | 6980 | SH |  | SOLE |  | 6980 | 0 | 0 |
| ALPS ETF TR | SMITH CORE PLUS | 00162Q346 |  | 445484 | 17088 | SH |  | SOLE |  | 17088 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 442918 | 721 | SH |  | SOLE |  | 721 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS3000IDX | 92206C599 |  | 430974 | 1435 | SH |  | SOLE |  | 1435 | 0 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 418217 | 23286 | SH |  | SOLE |  | 23286 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 400882 | 5028 | SH |  | SOLE |  | 5028 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 395384 | 7817 | SH |  | SOLE |  | 7817 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 386390 | 5546 | SH |  | SOLE |  | 5546 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 382494 | 1141 | SH |  | SOLE |  | 1141 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 373646 | 5232 | SH |  | SOLE |  | 5232 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 372049 | 544 | SH |  | SOLE |  | 544 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 352391 | 6967 | SH |  | SOLE |  | 6967 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 349978 | 513 | SH |  | SOLE |  | 513 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 349175 | 8608 | SH |  | SOLE |  | 8608 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 349175 | 8608 | SH |  | SOLE |  | 8608 | 0 | 0 |
| ISHARES TR | CORE UNIVRSL USD | 46434V613 |  | 344396 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 318020 | 465 | SH |  | SOLE |  | 465 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 317251 | 7821 | SH |  | SOLE |  | 7821 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 313298 | 510 | SH |  | SOLE |  | 510 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 308700 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 306431 | 5601 | SH |  | SOLE |  | 5601 | 0 | 0 |
| SOUTH BOW CORP | COM | 83671M105 |  | 294812 | 10513 | SH |  | SOLE |  | 10513 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 288466 | 422 | SH |  | SOLE |  | 422 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 287497 | 468 | SH |  | SOLE |  | 468 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 280338 | 6911 | SH |  | SOLE |  | 6911 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 274245 | 5422 | SH |  | SOLE |  | 5422 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 252040 | 4983 | SH |  | SOLE |  | 4983 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 248615 | 2017 | SH |  | SOLE |  | 2017 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 248219 | 364 | SH |  | SOLE |  | 364 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 243267 | 396 | SH |  | SOLE |  | 396 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 242652 | 395 | SH |  | SOLE |  | 395 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 236731 | 5836 | SH |  | SOLE |  | 5836 | 0 | 0 |
| BNY MELLON ETF TRUST | GLOBAL INFRASCTR | 09661T826 |  | 234095 | 5771 | SH |  | SOLE |  | 5771 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 232788 | 1804 | SH |  | SOLE |  | 1804 | 0 | 0 |
| ALPS ETF TR | SMITH CORE PLUS | 00162Q346 |  | 226991 | 8707 | SH |  | SOLE |  | 8707 | 0 | 0 |
| ALPS ETF TR | SMITH CORE PLUS | 00162Q346 |  | 223602 | 8577 | SH |  | SOLE |  | 8577 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 218953 | 1143 | SH |  | SOLE |  | 1143 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 215623 | 351 | SH |  | SOLE |  | 351 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS3000IDX | 92206C599 |  | 215337 | 717 | SH |  | SOLE |  | 717 | 0 | 0 |
| ALPS ETF TR | SMITH CORE PLUS | 00162Q346 |  | 207517 | 7960 | SH |  | SOLE |  | 7960 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 203806 | 298 | SH |  | SOLE |  | 298 | 0 | 0 |

---