# EDGAR Filing Document

**Accession Number:** 0001929070
**File Stem:** 0001172661-25-002679
**Filing Date:** 2025-7
**Character Count:** 14072
**Document Hash:** d957a620354bf78c98bf50443c5c949e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-002679.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001172661-25-002679

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**EFFECTIVENESS DATE**: 20250722

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Joule Financial, LLC
- **CENTRAL INDEX KEY:** 0001929070

**ORGANIZATION NAME:**
- **EIN:** 881272260
- **STATE OF INCORPORATION:** KY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22569
- **FILM NUMBER:** 251140089

**BUSINESS ADDRESS:**
- **STREET 1:** 998 GOVERNORS LANE SUITE 325
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40513
- **BUSINESS PHONE:** 8598810777

**MAIL ADDRESS:**
- **STREET 1:** 998 GOVERNORS LANE SUITE 325
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40513

### 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:** Joule Financial LLC<br>**Address:** 998 Governors Lane Suite 325<br>Lexington, KY 40513

**Form 13F File Number:** 028-22569

**CRD Number (if applicable):** 000320791

**SEC File Number (if applicable):** 801-125024

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:** Daniel Czulno<br>**Title:** Managing Director<br>**Phone:** 859-881-0777

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

/s/ Daniel Czulno  Lexington, KY  07-22-2025<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:** 108

**Form 13F Information Table Value Total:** $308010912

      (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 |  | 674882 | 4962 | SH |  | SOLE |  | 4962 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 343397 | 1850 | SH |  | SOLE |  | 1850 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 287826 | 2729 | SH |  | SOLE |  | 2729 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 926787 | 8172 | SH |  | SOLE |  | 8172 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2502322 | 14199 | SH |  | SOLE |  | 14199 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1709048 | 7790 | SH |  | SOLE |  | 7790 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1148894 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 214709 | 4068 | SH |  | SOLE |  | 4068 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 652634 | 7610 | SH |  | SOLE |  | 7610 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 361413 | 744 | SH |  | SOLE |  | 744 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 228737 | 218 | SH |  | SOLE |  | 218 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 801918 | 33525 | SH |  | SOLE |  | 33525 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 1712115 | 23065 | SH |  | SOLE |  | 23065 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 402574 | 1037 | SH |  | SOLE |  | 1037 | 0 | 0 |
| CAVA GROUP INC | COM | 148929102 |  | 850386 | 10096 | SH |  | SOLE |  | 10096 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 506749 | 3539 | SH |  | SOLE |  | 3539 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 869418 | 10690 | SH |  | SOLE |  | 10690 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1688949 | 24343 | SH |  | SOLE |  | 24343 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 370301 | 5196 | SH |  | SOLE |  | 5196 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 1231271 | 3513 | SH |  | SOLE |  | 3513 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 214992 | 4088 | SH |  | SOLE |  | 4088 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 666135 | 2034 | SH |  | SOLE |  | 2034 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 821211 | 1615 | SH |  | SOLE |  | 1615 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 282604 | 2395 | SH |  | SOLE |  | 2395 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 723765 | 10586 | SH |  | SOLE |  | 10586 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 333429 | 934 | SH |  | SOLE |  | 934 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 243213 | 312 | SH |  | SOLE |  | 312 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 521054 | 3908 | SH |  | SOLE |  | 3908 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 676553 | 6276 | SH |  | SOLE |  | 6276 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 308112 | 7336 | SH |  | SOLE |  | 7336 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 273556 | 6651 | SH |  | SOLE |  | 6651 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 313698 | 1503 | SH |  | SOLE |  | 1503 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 1404830 | 11483 | SH |  | SOLE |  | 11483 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 225117 | 614 | SH |  | SOLE |  | 614 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2142616 | 7269 | SH |  | SOLE |  | 7269 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 |  | 137116 | 12320 | SH |  | SOLE |  | 12320 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 40037336 | 220300 | SH |  | SOLE |  | 220300 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4187531 | 7591 | SH |  | SOLE |  | 7591 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 16224150 | 169407 | SH |  | SOLE |  | 169407 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 4887550 | 55383 | SH |  | SOLE |  | 55383 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 26611591 | 242784 | SH |  | SOLE |  | 242784 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1234453 | 1988 | SH |  | SOLE |  | 1988 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 421437 | 2759 | SH |  | SOLE |  | 2759 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1039870 | 3587 | SH |  | SOLE |  | 3587 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 608540 | 29075 | SH |  | SOLE |  | 29075 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 839541 | 11704 | SH |  | SOLE |  | 11704 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 220455 | 476 | SH |  | SOLE |  | 476 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 247163 | 1114 | SH |  | SOLE |  | 1114 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 760026 | 48225 | SH |  | SOLE |  | 48225 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 249805 | 855 | SH |  | SOLE |  | 855 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 344346 | 4350 | SH |  | SOLE |  | 4350 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 524401 | 710 | SH |  | SOLE |  | 710 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 333823 | 4151 | SH |  | SOLE |  | 4151 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1147066 | 2306 | SH |  | SOLE |  | 2306 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 333491 | 4945 | SH |  | SOLE |  | 4945 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 925571 | 25372 | SH |  | SOLE |  | 25372 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 356772 | 2258 | SH |  | SOLE |  | 2258 | 0 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 964596 | 17228 | SH |  | SOLE |  | 17228 | 0 | 0 |
| OXFORD LANE CAP CORP | COM | 691543102 |  | 112535 | 26794 | SH |  | SOLE |  | 26794 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 270701 | 1861 | SH |  | SOLE |  | 1861 | 0 | 0 |
| PAYSIGN INC | COM | 70451A104 |  | 2886977 | 400969 | SH |  | SOLE |  | 400969 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 403646 | 3057 | SH |  | SOLE |  | 3057 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 282135 | 2924 | SH |  | SOLE |  | 2924 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 899987 | 5649 | SH |  | SOLE |  | 5649 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 519216 | 4833 | SH |  | SOLE |  | 4833 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 508342 | 3481 | SH |  | SOLE |  | 3481 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 650149 | 1233 | SH |  | SOLE |  | 1233 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 1108741 | 40070 | SH |  | SOLE |  | 40070 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 610678 | 27632 | SH |  | SOLE |  | 27632 | 0 | 0 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 394127 | 16959 | SH |  | SOLE |  | 16959 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 697849 | 24879 | SH |  | SOLE |  | 24879 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 20350561 | 767946 | SH |  | SOLE |  | 767946 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 5026797 | 166782 | SH |  | SOLE |  | 166782 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 411096 | 16862 | SH |  | SOLE |  | 16862 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 4522615 | 189787 | SH |  | SOLE |  | 189787 | 0 | 0 |
| SCHWAB STRATEGIC TR | 5 10YR CORP BD | 808524698 |  | 576397 | 25325 | SH |  | SOLE |  | 25325 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1156038 | 47301 | SH |  | SOLE |  | 47301 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 20617027 | 814902 | SH |  | SOLE |  | 814902 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1586420 | 18706 | SH |  | SOLE |  | 18706 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 752555 | 732 | SH |  | SOLE |  | 732 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 300289 | 965 | SH |  | SOLE |  | 965 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 |  | 1089760 | 4870 | SH |  | SOLE |  | 4870 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 902779 | 49576 | SH |  | SOLE |  | 49576 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 5241857 | 17196 | SH |  | SOLE |  | 17196 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 355991 | 576 | SH |  | SOLE |  | 576 | 0 | 0 |
| STOCK YDS BANCORP INC | COM | 861025104 |  | 368143 | 4643 | SH |  | SOLE |  | 4643 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 222143 | 2252 | SH |  | SOLE |  | 2252 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1510209 | 4754 | SH |  | SOLE |  | 4754 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 483132 | 2327 | SH |  | SOLE |  | 2327 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 421276 | 1831 | SH |  | SOLE |  | 1831 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 255681 | 2533 | SH |  | SOLE |  | 2533 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 61688674 | 837820 | SH |  | SOLE |  | 837820 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 329591 | 1081 | SH |  | SOLE |  | 1081 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 288306 | 506 | SH |  | SOLE |  | 506 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 7327266 | 148145 | SH |  | SOLE |  | 148145 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 7800148 | 136821 | SH |  | SOLE |  | 136821 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 2615998 | 10534 | SH |  | SOLE |  | 10534 | 0 | 0 |
| VANGUARD WORLD FD | MATERIALS ETF | 92204A801 |  | 751417 | 3857 | SH |  | SOLE |  | 3857 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 2546969 | 7030 | SH |  | SOLE |  | 7030 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 3372822 | 15401 | SH |  | SOLE |  | 15401 | 0 | 0 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 1277300 | 7236 | SH |  | SOLE |  | 7236 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 5055487 | 7622 | SH |  | SOLE |  | 7622 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 3270356 | 25690 | SH |  | SOLE |  | 25690 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 3331495 | 19479 | SH |  | SOLE |  | 19479 | 0 | 0 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 3070641 | 10964 | SH |  | SOLE |  | 10964 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 274454 | 773 | SH |  | SOLE |  | 773 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 216458 | 2214 | SH |  | SOLE |  | 2214 | 0 | 0 |
| WISDOMTREE INC | NOTE 3.250% 6/1 | 97717PAD6 |  | 25836 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |

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