# EDGAR Filing Document

**Accession Number:** 0001559832
**File Stem:** 0001172661-26-002085
**Filing Date:** 2026-5
**Character Count:** 13945
**Document Hash:** 2c74850eaf6d7aa0e28287ebd8a90b5a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-002085.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001172661-26-002085

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Estate Counselors, LLC
- **CENTRAL INDEX KEY:** 0001559832

**ORGANIZATION NAME:**
- **EIN:** 271528038
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15056
- **FILM NUMBER:** 26983575

**BUSINESS ADDRESS:**
- **STREET 1:** 414 N. MAIN STREET
- **CITY:** THIENSVILLE
- **STATE:** WI
- **ZIP:** 53092
- **BUSINESS PHONE:** (262)238-6980

**MAIL ADDRESS:**
- **STREET 1:** 414 N. MAIN STREET
- **CITY:** THIENSVILLE
- **STATE:** WI
- **ZIP:** 53092

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Estate Counselors LLC<br>**Address:** 414 N. Main Street<br>Thiensville, WI 53092

**Form 13F File Number:** 028-15056

**CRD Number (if applicable):** 000123452

**SEC File Number (if applicable):** 801-62584

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:** Satyaki Mitra<br>**Title:** Chief Compliance Officer<br>**Phone:** 262-518-0533

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

/s/ Satyaki Mitra  Thiensville, WI  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **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).)

[x] **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:** 1

**Form 13F Information Table Entry Total:** 97

**Form 13F Information Table Value Total:** $1123175848

      (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.]

|   No. | Name                            | Form 13F File Number   |   CRD Number | SEC File Number   |
|---:|:---|:---|---:|:---|
|     1 | Penserra Capital Management LLC | 028-17117              |    000159042 | 801-80466         |

### 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 |
| AGNC INVT CORP | COM | 00123Q104 |  | 1956803 | 195095 | SH |  | SOLE |  | 0 | 0 | 195095 |
| ALLSTATE CORP | COM | 020002101 |  | 1757621 | 8477 | SH |  | SOLE |  | 0 | 0 | 8477 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 224297 | 780 | SH |  | SOLE |  | 0 | 0 | 780 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 6786985 | 67965 | SH |  | SOLE |  | 0 | 0 | 67965 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 1902337 | 89945 | SH |  | SOLE |  | 0 | 0 | 89945 |
| APA CORPORATION | COM | 03743Q108 |  | 2371844 | 55887 | SH |  | SOLE |  | 0 | 0 | 55887 |
| CHARTER COMMUNICATIONS INC | CL A | 16119P108 |  | 1967314 | 9113 | SH |  | SOLE |  | 0 | 0 | 9113 |
| CIENA CORP | COM NEW | 171779309 |  | 2935795 | 7562 | SH |  | SOLE |  | 0 | 0 | 7562 |
| COHERENT CORP | COM | 19247G107 |  | 1771806 | 7438 | SH |  | SOLE |  | 0 | 0 | 7438 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1843182 | 64200 | SH |  | SOLE |  | 0 | 0 | 64200 |
| COMFORT SYS USA INC | COM | 199908104 |  | 1920933 | 1393 | SH |  | SOLE |  | 0 | 0 | 1393 |
| DBX ETF TR | XTRACK USD HIGH | 233051432 |  | 388358 | 10740 | SH |  | SOLE |  | 0 | 0 | 10740 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 8691789 | 205869 | SH |  | SOLE |  | 0 | 0 | 205869 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 |  | 6564736 | 183475 | SH |  | SOLE |  | 0 | 0 | 183475 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 6108229 | 115730 | SH |  | SOLE |  | 0 | 0 | 115730 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 5894605 | 165905 | SH |  | SOLE |  | 0 | 0 | 165905 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 329377 | 4645 | SH |  | SOLE |  | 0 | 0 | 4645 |
| EDISON INTL | COM | 281020107 |  | 1856211 | 25365 | SH |  | SOLE |  | 0 | 0 | 25365 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 1688023 | 45487 | SH |  | SOLE |  | 0 | 0 | 45487 |
| ETF SER SOLUTIONS | THE BRINSMERE FU | 26922B519 |  | 355501986 | 11911928 | SH |  | SOLE |  | 0 | 0 | 11911928 |
| ETF SER SOLUTIONS | THE BRINSMERE FU | 26922B493 |  | 340560467 | 12136996 | SH |  | SOLE |  | 0 | 0 | 12136996 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 1678375 | 5135 | SH |  | SOLE |  | 0 | 0 | 5135 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 2788104 | 47200 | SH |  | SOLE |  | 0 | 0 | 47200 |
| FIRST MID BANCSHARES INC | COM | 320866106 |  | 468948 | 11385 | SH |  | SOLE |  | 0 | 0 | 11385 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1818694 | 24412 | SH |  | SOLE |  | 0 | 0 | 24412 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 |  | 290130 | 3800 | SH |  | SOLE |  | 0 | 0 | 3800 |
| HP INC | COM | 40434L105 |  | 1791851 | 93277 | SH |  | SOLE |  | 0 | 0 | 93277 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 248109 | 14325 | SH |  | SOLE |  | 0 | 0 | 14325 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 470301 | 4195 | SH |  | SOLE |  | 0 | 0 | 4195 |
| INVESCO EXCH TRADED FD TR II | S HDL VOL | 46138E362 |  | 6105503 | 123070 | SH |  | SOLE |  | 0 | 0 | 123070 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 |  | 330096 | 6945 | SH |  | SOLE |  | 0 | 0 | 6945 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 340536 | 590 | SH |  | SOLE |  | 0 | 0 | 590 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 607649 | 7725 | SH |  | SOLE |  | 0 | 0 | 7725 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 6053241 | 58525 | SH |  | SOLE |  | 0 | 0 | 58525 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 26712858 | 265219 | SH |  | SOLE |  | 0 | 0 | 265219 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 6089973 | 70250 | SH |  | SOLE |  | 0 | 0 | 70250 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 21684350 | 227204 | SH |  | SOLE |  | 0 | 0 | 227204 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 760388 | 11260 | SH |  | SOLE |  | 0 | 0 | 11260 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 205766 | 1455 | SH |  | SOLE |  | 0 | 0 | 1455 |
| ISHARES TR | ESG AWR MSCI USA | 46436E221 |  | 415562 | 13055 | SH |  | SOLE |  | 0 | 0 | 13055 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 385866 | 4850 | SH |  | SOLE |  | 0 | 0 | 4850 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 368931 | 3385 | SH |  | SOLE |  | 0 | 0 | 3385 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 20687989 | 220249 | SH |  | SOLE |  | 0 | 0 | 220249 |
| ISHARES TR | MBS ETF | 464288588 |  | 22106164 | 232819 | SH |  | SOLE |  | 0 | 0 | 232819 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 6266246 | 68581 | SH |  | SOLE |  | 0 | 0 | 68581 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 315316 | 3400 | SH |  | SOLE |  | 0 | 0 | 3400 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 224313 | 526 | SH |  | SOLE |  | 0 | 0 | 526 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 6068014 | 28399 | SH |  | SOLE |  | 0 | 0 | 28399 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 6020690 | 54555 | SH |  | SOLE |  | 0 | 0 | 54555 |
| ISHARES TR | TRUST ISHARE 0-1 | 464288679 |  | 1512343 | 13700 | SH |  | SOLE |  | 0 | 0 | 13700 |
| LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 53700T827 |  | 712746 | 23640 | SH |  | SOLE |  | 0 | 0 | 23640 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 1997947 | 2843 | SH |  | SOLE |  | 0 | 0 | 2843 |
| METLIFE INC | COM | 59156R108 |  | 1750320 | 24750 | SH |  | SOLE |  | 0 | 0 | 24750 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1723998 | 5103 | SH |  | SOLE |  | 0 | 0 | 5103 |
| NEWS CORP NEW | CL B | 65249B208 |  | 1893321 | 66409 | SH |  | SOLE |  | 0 | 0 | 66409 |
| NUSHARES ETF TR | NUVEEN ESG LRGVL | 67092P300 |  | 417918 | 9185 | SH |  | SOLE |  | 0 | 0 | 9185 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 865024 | 4960 | SH |  | SOLE |  | 0 | 0 | 4960 |
| OVINTIV INC | COM | 69047Q102 |  | 1966716 | 33132 | SH |  | SOLE |  | 0 | 0 | 33132 |
| PFIZER INC | COM | 717081103 |  | 421200 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 2046218 | 22708 | SH |  | SOLE |  | 0 | 0 | 22708 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 1662705 | 5594 | SH |  | SOLE |  | 0 | 0 | 5594 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 6094721 | 124560 | SH |  | SOLE |  | 0 | 0 | 124560 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 5515728 | 49754 | SH |  | SOLE |  | 0 | 0 | 49754 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 5238669 | 48070 | SH |  | SOLE |  | 0 | 0 | 48070 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 15168431 | 185026 | SH |  | SOLE |  | 0 | 0 | 185026 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 3446488 | 56260 | SH |  | SOLE |  | 0 | 0 | 56260 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 14478764 | 98757 | SH |  | SOLE |  | 0 | 0 | 98757 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 9618076 | 192477 | SH |  | SOLE |  | 0 | 0 | 192477 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 5338593 | 40170 | SH |  | SOLE |  | 0 | 0 | 40170 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 7398294 | 161218 | SH |  | SOLE |  | 0 | 0 | 161218 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 7289973 | 16942 | SH |  | SOLE |  | 0 | 0 | 16942 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 642414 | 13295 | SH |  | SOLE |  | 0 | 0 | 13295 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A359 |  | 21062779 | 230144 | SH |  | SOLE |  | 0 | 0 | 230144 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 1057377 | 13814 | SH |  | SOLE |  | 0 | 0 | 13814 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A847 |  | 226517 | 3825 | SH |  | SOLE |  | 0 | 0 | 3825 |
| STATE STR SPDR S MIDCAP 40 | UTSER1 S | 78467Y107 |  | 262123 | 425 | SH |  | SOLE |  | 0 | 0 | 425 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1778247 | 26143 | SH |  | SOLE |  | 0 | 0 | 26143 |
| TERADYNE INC | COM | 880770102 |  | 1788247 | 6032 | SH |  | SOLE |  | 0 | 0 | 6032 |
| THE CIGNA GROUP | COM | 125523100 |  | 1944074 | 7288 | SH |  | SOLE |  | 0 | 0 | 7288 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 601618 | 7795 | SH |  | SOLE |  | 0 | 0 | 7795 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 1059711 | 13515 | SH |  | SOLE |  | 0 | 0 | 13515 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 23109705 | 313820 | SH |  | SOLE |  | 0 | 0 | 313820 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 5832469 | 65755 | SH |  | SOLE |  | 0 | 0 | 65755 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1115767 | 3477 | SH |  | SOLE |  | 0 | 0 | 3477 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 6983347 | 35593 | SH |  | SOLE |  | 0 | 0 | 35593 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 599415 | 11090 | SH |  | SOLE |  | 0 | 0 | 11090 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 748751 | 14990 | SH |  | SOLE |  | 0 | 0 | 14990 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 1086490 | 18245 | SH |  | SOLE |  | 0 | 0 | 18245 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 2001392 | 24186 | SH |  | SOLE |  | 0 | 0 | 24186 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 516739 | 9335 | SH |  | SOLE |  | 0 | 0 | 9335 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 1120748 | 19145 | SH |  | SOLE |  | 0 | 0 | 19145 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 40190867 | 521214 | SH |  | SOLE |  | 0 | 0 | 521214 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1131973 | 17665 | SH |  | SOLE |  | 0 | 0 | 17665 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 838987 | 5665 | SH |  | SOLE |  | 0 | 0 | 5665 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 202145 | 2145 | SH |  | SOLE |  | 0 | 0 | 2145 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 14360417 | 82989 | SH |  | SOLE |  | 0 | 0 | 82989 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 2028675 | 7500 | SH |  | SOLE |  | 0 | 0 | 7500 |

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