# EDGAR Filing Document

**Accession Number:** 0001633716
**File Stem:** 0001633716-26-000003
**Filing Date:** 2026-1
**Character Count:** 44882
**Document Hash:** 1c181b1518648dbb9e6e684bee8f3eb6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001633716-26-000003.hdr.sgml**: 20260114

**ACCESSION NUMBER**: 0001633716-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260114

**DATE AS OF CHANGE**: 20260114

**EFFECTIVENESS DATE**: 20260114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** USA FINANCIAL FORMULAS
- **CENTRAL INDEX KEY:** 0001633716

**ORGANIZATION NAME:**
- **EIN:** 383397033
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16517
- **FILM NUMBER:** 26532103

**BUSINESS ADDRESS:**
- **STREET 1:** 6020 EAST FULTON STREET
- **CITY:** ADA
- **STATE:** MI
- **ZIP:** 49301
- **BUSINESS PHONE:** 888-407-8198

**MAIL ADDRESS:**
- **STREET 1:** 6020 EAST FULTON STREET
- **CITY:** ADA
- **STATE:** MI
- **ZIP:** 49301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USA Financial Portformulas Corp
- **DATE OF NAME CHANGE:** 20150212

### 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:** USA FINANCIAL FORMULAS<br>**Address:** 6020 EAST FULTON STREET<br>ADA, MI 49301

**Form 13F File Number:** 028-16517

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:** Jason Clark<br>**Title:** Principal Account Manager<br>**Phone:** 8884440125

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

Jason Clark  Ada, MI  01-14-2026<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:** 414

**Form 13F Information Table Value Total:** $549629073

      (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 |
| Apple Inc | COM | 037833100 |  | 1903 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| Abbvie Inc | COM | 00287Y109 |  | 685 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Abbott Laboratories | COM | 002824100 |  | 86325 | 689 | SH |  | SOLE |  | 0 | 0 | 689 |
| Accel Entertainment Inc - Ordinary Shares - Class A1 | COM CL A1 | 00436Q106 |  | 913 | 80 | SH |  | SOLE |  | 0 | 0 | 80 |
| Axcelis Technologies Inc | COM NEW | 054540208 |  | 482 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| AECOM | COM | 00766T100 |  | 88371 | 927 | SH |  | SOLE |  | 0 | 0 | 927 |
| Adobe Inc | COM | 00724F101 |  | 700 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| Analog Devices Inc. | COM | 032654105 |  | 910690 | 3358 | SH |  | SOLE |  | 0 | 0 | 3358 |
| Autodesk Inc. | COM | 052769106 |  | 11248 | 38 | SH |  | SOLE |  | 0 | 0 | 38 |
| Ameren Corp. | COM | 023608102 |  | 799 | 8 | SH |  | SOLE |  | 0 | 0 | 8 |
| Advanced Energy Industries Inc. | COM | 007973100 |  | 43758 | 209 | SH |  | SOLE |  | 0 | 0 | 209 |
| American Electric Power Company Inc. | COM | 025537101 |  | 1705204 | 14788 | SH |  | SOLE |  | 0 | 0 | 14788 |
| AES Corp. | COM | 00130H105 |  | 206381 | 14392 | SH |  | SOLE |  | 0 | 0 | 14392 |
| Affirm Holdings Inc - Ordinary Shares - Class A | COM CL A | 00827B106 |  | 214805 | 2886 | SH |  | SOLE |  | 0 | 0 | 2886 |
| Argan Inc. | COM | 04010E109 |  | 40105 | 128 | SH |  | SOLE |  | 0 | 0 | 128 |
| Assurant Inc | COM | 04621X108 |  | 132708 | 551 | SH |  | SOLE |  | 0 | 0 | 551 |
| Allegion plc | ORD SHS | G0176J109 |  | 796 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| Allient Inc | COM | 019330109 |  | 79228 | 1474 | SH |  | SOLE |  | 0 | 0 | 1474 |
| Alnylam Pharmaceuticals Inc | COM | 02043Q107 |  | 168604 | 424 | SH |  | SOLE |  | 0 | 0 | 424 |
| Applied Materials Inc. | COM | 038222105 |  | 9766 | 38 | SH |  | SOLE |  | 0 | 0 | 38 |
| Advanced Micro Devices Inc. | COM | 007903107 |  | 1528674 | 7138 | SH |  | SOLE |  | 0 | 0 | 7138 |
| Ametek Inc | COM | 031100100 |  | 254379 | 1239 | SH |  | SOLE |  | 0 | 0 | 1239 |
| Affiliated Managers Group Inc. | COM | 008252108 |  | 183058 | 635 | SH |  | SOLE |  | 0 | 0 | 635 |
| AMKOR Technology Inc. | COM | 031652100 |  | 179121 | 4537 | SH |  | SOLE |  | 0 | 0 | 4537 |
| Ameresco Inc. - Ordinary Shares - Class A | CL A | 02361E108 |  | 15407 | 526 | SH |  | SOLE |  | 0 | 0 | 526 |
| Amazon.com Inc. | COM | 023135106 |  | 692 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Arista Networks Inc | COM SHS | 040413205 |  | 786 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| Abercrombie  Fitch Co. - Ordinary Shares - Class A | CL A | 002896207 |  | 629 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| Artivion Inc | COM | 228903100 |  | 51676 | 1133 | SH |  | SOLE |  | 0 | 0 | 1133 |
| American Public Education Inc | COM | 02913V103 |  | 20941 | 554 | SH |  | SOLE |  | 0 | 0 | 554 |
| APi Group Corporation | COM STK | 00187Y100 |  | 150591 | 3936 | SH |  | SOLE |  | 0 | 0 | 3936 |
| Amphenol Corp. - Ordinary Shares - Class A | CL A | 032095101 |  | 664754 | 4919 | SH |  | SOLE |  | 0 | 0 | 4919 |
| Apogee Enterprises Inc. | COM | 037598109 |  | 801 | 22 | SH |  | SOLE |  | 0 | 0 | 22 |
| Applovin Corp - Ordinary Shares - Class A | COM CL A | 03831W108 |  | 1348 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| Aptiv PLC | COM SHS | G3265R107 |  | 685 | 9 | SH |  | SOLE |  | 0 | 0 | 9 |
| ArcBest Corp | COM | 03937C105 |  | 890 | 12 | SH |  | SOLE |  | 0 | 0 | 12 |
| AIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF | ALLIANZIM US EQU | 00888H612 |  | 2087517 | 68867 | SH |  | SOLE |  | 0 | 0 | 68867 |
| ASGN Inc | COM | 00191U102 |  | 867 | 18 | SH |  | SOLE |  | 0 | 0 | 18 |
| Atlanticus Holdings Corp | COM | 04914Y102 |  | 937 | 14 | SH |  | SOLE |  | 0 | 0 | 14 |
| Atmos Energy Corp. | COM | 049560105 |  | 838 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| AngloGold Ashanti Plc. | COM SHS | G0378L100 |  | 181646 | 2130 | SH |  | SOLE |  | 0 | 0 | 2130 |
| Aurinia Pharmaceuticals Inc | COM | 05156V102 |  | 77788 | 4877 | SH |  | SOLE |  | 0 | 0 | 4877 |
| Broadcom Inc | COM | 11135F101 |  | 1409319 | 4072 | SH |  | SOLE |  | 0 | 0 | 4072 |
| Avery Dennison Corp. | COM | 053611109 |  | 133500 | 734 | SH |  | SOLE |  | 0 | 0 | 734 |
| Acuity Brands Inc. | COM | 00508Y102 |  | 360 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| Astrazeneca plc - ADR | SPONSORED ADR | 046353108 |  | 925092 | 10063 | SH |  | SOLE |  | 0 | 0 | 10063 |
| Autozone Inc. | COM | 053332102 |  | 74613 | 22 | SH |  | SOLE |  | 0 | 0 | 22 |
| Bank Of America Corp. | COM | 060505104 |  | 331430 | 6026 | SH |  | SOLE |  | 0 | 0 | 6026 |
| Banc of California Inc | COM | 05990K106 |  | 19232 | 997 | SH |  | SOLE |  | 0 | 0 | 997 |
| Becton Dickinson  Co. | COM | 075887109 |  | 98005 | 505 | SH |  | SOLE |  | 0 | 0 | 505 |
| Bunge Global SA | COM | H11356104 |  | 635497 | 7134 | SH |  | SOLE |  | 0 | 0 | 7134 |
| Bank Of New York Mellon Corp | COM | 064058100 |  | 870791 | 7501 | SH |  | SOLE |  | 0 | 0 | 7501 |
| Baker Hughes Co - Ordinary Shares - Class A | CL A | 05722G100 |  | 830376 | 18234 | SH |  | SOLE |  | 0 | 0 | 18234 |
| TopBuild Corp | COM | 89055F103 |  | 417 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| Box Inc - Ordinary Shares - Class A | COM | 10316T104 |  | 479 | 16 | SH |  | SOLE |  | 0 | 0 | 16 |
| Broadridge Financial Solutions Inc. | COM | 11133T103 |  | 168270 | 754 | SH |  | SOLE |  | 0 | 0 | 754 |
| BorgWarner Inc | COM | 099724106 |  | 181231 | 4022 | SH |  | SOLE |  | 0 | 0 | 4022 |
| Boyd Gaming Corp. | COM | 103304101 |  | 511 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| Citigroup Inc | COM NEW | 172967424 |  | 811696 | 6956 | SH |  | SOLE |  | 0 | 0 | 6956 |
| Caci International Inc. - Registered Shares - Class A | CL A | 127190304 |  | 134268 | 252 | SH |  | SOLE |  | 0 | 0 | 252 |
| Cardinal Health Inc. | COM | 14149Y108 |  | 168921 | 822 | SH |  | SOLE |  | 0 | 0 | 822 |
| Cal-Maine Foods Inc. | COM NEW | 128030202 |  | 796 | 10 | SH |  | SOLE |  | 0 | 0 | 10 |
| CarGurus Inc - Ordinary Shares - Class A | COM CL A | 141788109 |  | 652 | 17 | SH |  | SOLE |  | 0 | 0 | 17 |
| Caterpillar Inc. | COM | 149123101 |  | 760771 | 1328 | SH |  | SOLE |  | 0 | 0 | 1328 |
| Chubb Limited | COM | H1467J104 |  | 114236 | 366 | SH |  | SOLE |  | 0 | 0 | 366 |
| Cabot Corp. | COM | 127055101 |  | 530 | 8 | SH |  | SOLE |  | 0 | 0 | 8 |
| Coeur Mining Inc | COM NEW | 192108504 |  | 55023 | 3086 | SH |  | SOLE |  | 0 | 0 | 3086 |
| Ceco Environmental Corp. | COM | 125141101 |  | 90433 | 1511 | SH |  | SOLE |  | 0 | 0 | 1511 |
| Century Aluminum Co. | COM | 156431108 |  | 60416 | 1542 | SH |  | SOLE |  | 0 | 0 | 1542 |
| Church  Dwight Co. Inc. | COM | 171340102 |  | 187237 | 2233 | SH |  | SOLE |  | 0 | 0 | 2233 |
| Chemed Corp. | COM | 16359R103 |  | 428 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| C.H. Robinson Worldwide Inc. | COM NEW | 12541W209 |  | 682105 | 4243 | SH |  | SOLE |  | 0 | 0 | 4243 |
| Chewy Inc - Ordinary Shares - Class A | CL A | 16679L109 |  | 463 | 14 | SH |  | SOLE |  | 0 | 0 | 14 |
| Cigna Group (The) | COM | 125523100 |  | 550 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| CIENA Corp. | COM NEW | 171779309 |  | 435232 | 1861 | SH |  | SOLE |  | 0 | 0 | 1861 |
| Cincinnati Financial Corp. | COM | 172062101 |  | 117100 | 717 | SH |  | SOLE |  | 0 | 0 | 717 |
| Climb Global Solutions Inc | COM | 946760105 |  | 822 | 8 | SH |  | SOLE |  | 0 | 0 | 8 |
| Commercial Metals Co. | COM | 201723103 |  | 20489 | 296 | SH |  | SOLE |  | 0 | 0 | 296 |
| CME Group Inc - Ordinary Shares - Class A | COM | 12572Q105 |  | 213002 | 780 | SH |  | SOLE |  | 0 | 0 | 780 |
| Chipotle Mexican Grill | COM | 169656105 |  | 75184 | 2032 | SH |  | SOLE |  | 0 | 0 | 2032 |
| Cummins Inc. | COM | 231021106 |  | 199076 | 390 | SH |  | SOLE |  | 0 | 0 | 390 |
| Cinemark Holdings Inc | COM | 17243V102 |  | 720 | 31 | SH |  | SOLE |  | 0 | 0 | 31 |
| Centerpoint Energy Inc. | COM | 15189T107 |  | 306030 | 7982 | SH |  | SOLE |  | 0 | 0 | 7982 |
| Core Natural Resources Inc | COM SHS | 218937100 |  | 885 | 10 | SH |  | SOLE |  | 0 | 0 | 10 |
| Coherent Corp | COM | 19247G107 |  | 158730 | 860 | SH |  | SOLE |  | 0 | 0 | 860 |
| Coca-Cola Consolidated Inc | COM | 191098102 |  | 460 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Cencora Inc. | COM | 03073E105 |  | 143882 | 426 | SH |  | SOLE |  | 0 | 0 | 426 |
| Crocs Inc | COM | 227046109 |  | 513 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| Cirrus Logic Inc. | COM | 172755100 |  | 948 | 8 | SH |  | SOLE |  | 0 | 0 | 8 |
| Cisco Systems Inc. | COM | 17275R102 |  | 1077573 | 13989 | SH |  | SOLE |  | 0 | 0 | 13989 |
| Costar Group Inc. | COM | 22160N109 |  | 9615 | 143 | SH |  | SOLE |  | 0 | 0 | 143 |
| CSG Systems International Inc. | COM | 126349109 |  | 460 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| Carlisle Companies Inc. | COM | 142339100 |  | 320 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| Constellium SE - Ordinary Shares - Class A | CL A SHS | F21107101 |  | 21791 | 1156 | SH |  | SOLE |  | 0 | 0 | 1156 |
| CSX Corp. | COM | 126408103 |  | 956021 | 26373 | SH |  | SOLE |  | 0 | 0 | 26373 |
| Cintas Corporation | COM | 172908105 |  | 98737 | 525 | SH |  | SOLE |  | 0 | 0 | 525 |
| CareTrust REIT Inc | COM | 14174T107 |  | 51962 | 1437 | SH |  | SOLE |  | 0 | 0 | 1437 |
| Cavco Industries Inc | COM | 149568107 |  | 591 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| CVS Health Corp | COM | 126650100 |  | 6666 | 84 | SH |  | SOLE |  | 0 | 0 | 84 |
| Curtiss-Wright Corp. | COM | 231561101 |  | 162625 | 295 | SH |  | SOLE |  | 0 | 0 | 295 |
| Dominion Energy Inc | COM | 25746U109 |  | 275959 | 4710 | SH |  | SOLE |  | 0 | 0 | 4710 |
| Daktronics Inc. | COM | 234264109 |  | 890 | 45 | SH |  | SOLE |  | 0 | 0 | 45 |
| Dana Inc | COM | 235825205 |  | 19792 | 833 | SH |  | SOLE |  | 0 | 0 | 833 |
| Dropbox Inc - Ordinary Shares - Class A | CL A | 26210C104 |  | 473 | 17 | SH |  | SOLE |  | 0 | 0 | 17 |
| Donaldson Co. Inc. | COM | 257651109 |  | 129355 | 1459 | SH |  | SOLE |  | 0 | 0 | 1459 |
| Datadog Inc - Ordinary Shares - Class A | CL A COM | 23804L103 |  | 765216 | 5627 | SH |  | SOLE |  | 0 | 0 | 5627 |
| Digi International Inc. | COM | 253798102 |  | 19567 | 452 | SH |  | SOLE |  | 0 | 0 | 452 |
| Quest Diagnostics Inc. | COM | 74834L100 |  | 694 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| SPDR Dow Jones Industrial Average ETF | UT SER 1 | 78467X109 |  | 681929 | 1419 | SH |  | SOLE |  | 0 | 0 | 1419 |
| Dicks Sporting Goods Inc. | COM | 253393102 |  | 396 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| Doximity Inc - Ordinary Shares - Class A | CL A | 26622P107 |  | 399 | 9 | SH |  | SOLE |  | 0 | 0 | 9 |
| DocuSign Inc | COM | 256163106 |  | 479 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| BRP Inc | COM SUN VTG | 05577W200 |  | 22289 | 315 | SH |  | SOLE |  | 0 | 0 | 315 |
| Dover Corp. | COM | 260003108 |  | 102501 | 525 | SH |  | SOLE |  | 0 | 0 | 525 |
| Amdocs Ltd | SHS | G02602103 |  | 170440 | 2117 | SH |  | SOLE |  | 0 | 0 | 2117 |
| DTE Energy Co. | COM | 233331107 |  | 774 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| Duke Energy Corp. | COM NEW | 26441C204 |  | 196092 | 1673 | SH |  | SOLE |  | 0 | 0 | 1673 |
| DXP Enterprises Inc. | COM NEW | 233377407 |  | 988 | 9 | SH |  | SOLE |  | 0 | 0 | 9 |
| Dycom Industries Inc. | COM | 267475101 |  | 45617 | 135 | SH |  | SOLE |  | 0 | 0 | 135 |
| EBay Inc. | COM | 278642103 |  | 15504 | 178 | SH |  | SOLE |  | 0 | 0 | 178 |
| Ecolab Inc. | COM | 278865100 |  | 111834 | 426 | SH |  | SOLE |  | 0 | 0 | 426 |
| Euronet Worldwide Inc | COM | 298736109 |  | 457 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| iShares MSCI Emerging Markets ETF | MSCI EMG MKT ETF | 464287234 |  | 65408486 | 1195549 | SH |  | SOLE |  | 0 | 0 | 1195549 |
| iShares MSCI EAFE ETF | MSCI EAFE ETF | 464287465 |  | 64383121 | 670448 | SH |  | SOLE |  | 0 | 0 | 670448 |
| Envela Corp | COM | 29402E102 |  | 990 | 74 | SH |  | SOLE |  | 0 | 0 | 74 |
| Emcor Group Inc. | COM | 29084Q100 |  | 612 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| Emerson Electric Co. | COM | 291011104 |  | 112148 | 845 | SH |  | SOLE |  | 0 | 0 | 845 |
| Enersys | COM | 29275Y102 |  | 18344 | 125 | SH |  | SOLE |  | 0 | 0 | 125 |
| Ensign Group Inc | COM | 29358P101 |  | 71945 | 413 | SH |  | SOLE |  | 0 | 0 | 413 |
| Enova International Inc. | COM | 29357K103 |  | 943 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Philippi | MSCI PHILIPS ETF | 46429B408 |  | 149993 | 6019 | SH |  | SOLE |  | 0 | 0 | 6019 |
| BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Pacific | PAC JP ETF | 464286665 |  | 132433 | 2624 | SH |  | SOLE |  | 0 | 0 | 2624 |
| Eversource Energy | COM | 30040W108 |  | 123349 | 1832 | SH |  | SOLE |  | 0 | 0 | 1832 |
| iShares Trust - iShare Inc iShares ESG Aware MSCI EM ETF | ESG AWR MSCI EM | 46434G863 |  | 3710 | 84 | SH |  | SOLE |  | 0 | 0 | 84 |
| Entergy Corp. | COM | 29364G103 |  | 196968 | 2131 | SH |  | SOLE |  | 0 | 0 | 2131 |
| Evercore Inc - Ordinary Shares - Class A | CLASS A | 29977A105 |  | 340 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| Evergy Inc | COM | 30034W106 |  | 645161 | 8900 | SH |  | SOLE |  | 0 | 0 | 8900 |
| Edwards Lifesciences Corp | COM | 28176E108 |  | 853694 | 10014 | SH |  | SOLE |  | 0 | 0 | 10014 |
| BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Australi | MSCI AUST ETF | 464286103 |  | 69273 | 2645 | SH |  | SOLE |  | 0 | 0 | 2645 |
| BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Canada E | MSCI CDA ETF | 464286509 |  | 75394 | 1398 | SH |  | SOLE |  | 0 | 0 | 1398 |
| BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Germany | MSCI GERMANY ETF | 464286806 |  | 109055 | 2566 | SH |  | SOLE |  | 0 | 0 | 2566 |
| iShares MSCI Hong Kong ETF | MSCI HONG KG ETF | 464286871 |  | 132281 | 6225 | SH |  | SOLE |  | 0 | 0 | 6225 |
| iShares MSCI Japan ETF | MSCI JPN ETF NEW | 46434G822 |  | 505998 | 6267 | SH |  | SOLE |  | 0 | 0 | 6267 |
| iShares MSCI Switzerland ETF | MSCI SWITZERLAND | 464286749 |  | 136289 | 2273 | SH |  | SOLE |  | 0 | 0 | 2273 |
| BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Netherla | MSCI NETHRL ETF | 464286814 |  | 146909 | 2576 | SH |  | SOLE |  | 0 | 0 | 2576 |
| BlackRock Institutional Trust Company N.A. - BTC iShares MSCI France E | MSCI FRANCE ETF | 464286707 |  | 151346 | 3364 | SH |  | SOLE |  | 0 | 0 | 3364 |
| iShares MSCI United Kingdom ETF | MSCI UK ETF NEW | 46435G334 |  | 311334 | 7079 | SH |  | SOLE |  | 0 | 0 | 7079 |
| BlackRock Institutional Trust Company N.A. - iShares MSCI South Korea | MSCI STH KOR ETF | 464286772 |  | 160413 | 1650 | SH |  | SOLE |  | 0 | 0 | 1650 |
| Exelon Corp. | COM | 30161N101 |  | 879821 | 20184 | SH |  | SOLE |  | 0 | 0 | 20184 |
| Exelixis Inc | COM | 30161Q104 |  | 614 | 14 | SH |  | SOLE |  | 0 | 0 | 14 |
| ExlService Holdings Inc | COM | 302081104 |  | 509 | 12 | SH |  | SOLE |  | 0 | 0 | 12 |
| Eagle Materials Inc. | COM | 26969P108 |  | 413 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| Expedia Group Inc | COM NEW | 30212P303 |  | 567 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| BlackRock Institutional Trust Company N.A. - BTC iShares MSCI South Af | MSCI STH AFR ETF | 464286780 |  | 153974 | 2238 | SH |  | SOLE |  | 0 | 0 | 2238 |
| Fastenal Co. | COM | 311900104 |  | 114250 | 2847 | SH |  | SOLE |  | 0 | 0 | 2847 |
| FirstCash Holdings Inc | COM | 33768G107 |  | 77777 | 488 | SH |  | SOLE |  | 0 | 0 | 488 |
| Firstenergy Corp. | COM | 337932107 |  | 906413 | 20246 | SH |  | SOLE |  | 0 | 0 | 20246 |
| Franklin Electric Co. Inc. | COM | 353514102 |  | 100211 | 1049 | SH |  | SOLE |  | 0 | 0 | 1049 |
| Five Below Inc | COM | 33829M101 |  | 236580 | 1256 | SH |  | SOLE |  | 0 | 0 | 1256 |
| Comfort Systems USA Inc. | COM | 199908104 |  | 131594 | 141 | SH |  | SOLE |  | 0 | 0 | 141 |
| Flex Ltd | ORD | Y2573F102 |  | 27612 | 457 | SH |  | SOLE |  | 0 | 0 | 457 |
| Fabrinet | SHS | G3323L100 |  | 48715 | 107 | SH |  | SOLE |  | 0 | 0 | 107 |
| Fox Corporation - Ordinary Shares - Class A | CL A COM | 35137L105 |  | 121808 | 1667 | SH |  | SOLE |  | 0 | 0 | 1667 |
| First Solar Inc | COM | 336433107 |  | 672145 | 2573 | SH |  | SOLE |  | 0 | 0 | 2573 |
| TechnipFMC plc | COM | G87110105 |  | 146513 | 3288 | SH |  | SOLE |  | 0 | 0 | 3288 |
| General Dynamics Corp. | COM | 369550108 |  | 773981 | 2299 | SH |  | SOLE |  | 0 | 0 | 2299 |
| GE Aerospace | COM NEW | 369604301 |  | 693992 | 2253 | SH |  | SOLE |  | 0 | 0 | 2253 |
| Graco Inc. | COM | 384109104 |  | 99921 | 1219 | SH |  | SOLE |  | 0 | 0 | 1219 |
| Gilead Sciences Inc. | COM | 375558103 |  | 1110183 | 9045 | SH |  | SOLE |  | 0 | 0 | 9045 |
| Globe Life Inc | COM | 37959E102 |  | 84755 | 606 | SH |  | SOLE |  | 0 | 0 | 606 |
| SPDR Gold Shares | GOLD SHS | 78463V107 |  | 30912 | 78 | SH |  | SOLE |  | 0 | 0 | 78 |
| Corning Inc. | COM | 219350105 |  | 671498 | 7669 | SH |  | SOLE |  | 0 | 0 | 7669 |
| General Motors Company | COM | 37045V100 |  | 792626 | 9747 | SH |  | SOLE |  | 0 | 0 | 9747 |
| Gentex Corp. | COM | 371901109 |  | 489 | 21 | SH |  | SOLE |  | 0 | 0 | 21 |
| Alphabet Inc - Ordinary Shares - Class C | CAP STK CL C | 02079K107 |  | 1890959 | 6026 | SH |  | SOLE |  | 0 | 0 | 6026 |
| Alphabet Inc - Ordinary Shares - Class A | CAP STK CL A | 02079K305 |  | 1583780 | 5060 | SH |  | SOLE |  | 0 | 0 | 5060 |
| Goldman Sachs Group Inc. | COM | 38141G104 |  | 697926 | 794 | SH |  | SOLE |  | 0 | 0 | 794 |
| BlackRock Institutional Trust Company N.A. - BTC iShares S GSCI Comm | UNIT BEN INT | 46428R107 |  | 366585 | 15897 | SH |  | SOLE |  | 0 | 0 | 15897 |
| W.W. Grainger Inc. | COM | 384802104 |  | 203828 | 202 | SH |  | SOLE |  | 0 | 0 | 202 |
| Halozyme Therapeutics Inc. | COM | 40637H109 |  | 875 | 13 | SH |  | SOLE |  | 0 | 0 | 13 |
| Hasbro Inc. | COM | 418056107 |  | 312666 | 3813 | SH |  | SOLE |  | 0 | 0 | 3813 |
| HCA Healthcare Inc | COM | 40412C101 |  | 467 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| Home Depot Inc. | COM | 437076102 |  | 88090 | 256 | SH |  | SOLE |  | 0 | 0 | 256 |
| Hims  Hers Health Inc - Ordinary Shares - Class A | COM CL A | 433000106 |  | 422 | 13 | SH |  | SOLE |  | 0 | 0 | 13 |
| Hallador Energy Co | COM | 40609P105 |  | 41774 | 2194 | SH |  | SOLE |  | 0 | 0 | 2194 |
| Hewlett Packard Enterprise Co | COM | 42824C109 |  | 347329 | 14460 | SH |  | SOLE |  | 0 | 0 | 14460 |
| H Block Inc. | COM | 093671105 |  | 523 | 12 | SH |  | SOLE |  | 0 | 0 | 12 |
| Heritage Insurance Holdings Inc. | COM | 42727J102 |  | 18609 | 636 | SH |  | SOLE |  | 0 | 0 | 636 |
| Hawkins Inc | COM | 420261109 |  | 852 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| Howmet Aerospace Inc | COM | 443201108 |  | 648478 | 3163 | SH |  | SOLE |  | 0 | 0 | 3163 |
| iShares iBoxx USD High Yield Corp Bond ETF | IBOXX HI YD ETF | 464288513 |  | 6545624 | 81181 | SH |  | SOLE |  | 0 | 0 | 81181 |
| International Business Machines Corp. | COM | 459200101 |  | 136257 | 460 | SH |  | SOLE |  | 0 | 0 | 460 |
| Installed Building Products Inc | COM | 45780R101 |  | 1297 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| Interdigital Inc | COM | 45867G101 |  | 65586 | 206 | SH |  | SOLE |  | 0 | 0 | 206 |
| Idaho Strategic Resources Inc | COM NEW | 645827205 |  | 21480 | 533 | SH |  | SOLE |  | 0 | 0 | 533 |
| BlackRock Institutional Trust Company N.A. - BTC iShares U.S. Utilitie | U.S. UTILITS ETF | 464287697 |  | 2526847 | 23319 | SH |  | SOLE |  | 0 | 0 | 23319 |
| Idexx Laboratories Inc. | COM | 45168D104 |  | 1405153 | 2077 | SH |  | SOLE |  | 0 | 0 | 2077 |
| iShares Core MSCI EAFE ETF | CORE MSCI EAFE | 46432F842 |  | 195202 | 2182 | SH |  | SOLE |  | 0 | 0 | 2182 |
| iShares Core MSCI Emerging Markets ETF | CORE MSCI EMKT | 46434G103 |  | 486135 | 7232 | SH |  | SOLE |  | 0 | 0 | 7232 |
| BlackRock Institutional Trust Company N.A. - BTC iShares Europe ETF | EUROPE ETF | 464287861 |  | 139052 | 2027 | SH |  | SOLE |  | 0 | 0 | 2027 |
| BlackRock Institutional Trust Company N.A. - BTC iShares Latin America | LATN AMER 40 ETF | 464287390 |  | 139583 | 4584 | SH |  | SOLE |  | 0 | 0 | 4584 |
| Illumina Inc | COM | 452327109 |  | 230842 | 1760 | SH |  | SOLE |  | 0 | 0 | 1760 |
| Imax Corp | COM | 45245E109 |  | 18628 | 504 | SH |  | SOLE |  | 0 | 0 | 504 |
| Incyte Corp. | COM | 45337C102 |  | 513703 | 5201 | SH |  | SOLE |  | 0 | 0 | 5201 |
| Intuit Inc | COM | 461202103 |  | 11261 | 17 | SH |  | SOLE |  | 0 | 0 | 17 |
| Iradimed Corp | COM | 46266A109 |  | 81715 | 840 | SH |  | SOLE |  | 0 | 0 | 840 |
| Intuitive Surgical Inc | COM NEW | 46120E602 |  | 566 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| ITT Inc | COM | 45073V108 |  | 137767 | 794 | SH |  | SOLE |  | 0 | 0 | 794 |
| BlackRock Institutional Trust Company N.A. - BTC iShares Core S U.S. | CORE S US VLU | 464287663 |  | 581607 | 5672 | SH |  | SOLE |  | 0 | 0 | 5672 |
| iShares Core S 500 | CORE S ETF | 464287200 |  | 81370187 | 118799 | SH |  | SOLE |  | 0 | 0 | 118799 |
| iShares S 500 Growth ETF | S 500 GRWT ETF | 464287309 |  | 64626327 | 524309 | SH |  | SOLE |  | 0 | 0 | 524309 |
| Invesco Ltd | SHS | G491BT108 |  | 542870 | 20665 | SH |  | SOLE |  | 0 | 0 | 20665 |
| iShares Russell 1000 ETF | RUS 1000 ETF | 464287622 |  | 680034 | 1821 | SH |  | SOLE |  | 0 | 0 | 1821 |
| iShares Russell 2000 ETF | RUSSELL 2000 ETF | 464287655 |  | 687033 | 2791 | SH |  | SOLE |  | 0 | 0 | 2791 |
| iShares Russell 3000 ETF | RUSSELL 3000 ETF | 464287689 |  | 680469 | 1759 | SH |  | SOLE |  | 0 | 0 | 1759 |
| iShares U.S. Healthcare ETF | US HLTHCARE ETF | 464287762 |  | 2545996 | 39109 | SH |  | SOLE |  | 0 | 0 | 39109 |
| iShares U.S. Technology ETF | U.S. TECH ETF | 464287721 |  | 2621000 | 13126 | SH |  | SOLE |  | 0 | 0 | 13126 |
| BlackRock Institutional Trust Company N.A. - BTC iShares U.S. Telecomm | US TELECOM ETF | 464287713 |  | 2741968 | 80884 | SH |  | SOLE |  | 0 | 0 | 80884 |
| ALLIANZIM US BUFFERED 15 UNCAPPED JAN | ALLIANZIM US EQU | 00888H513 |  | 2075635 | 73761 | SH |  | SOLE |  | 0 | 0 | 73761 |
| Jabil Inc | COM | 466313103 |  | 912 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| Johnson Controls International plc - Registered Shares | SHS | G51502105 |  | 899083 | 7508 | SH |  | SOLE |  | 0 | 0 | 7508 |
| Johnson  Johnson | COM | 478160104 |  | 926308 | 4476 | SH |  | SOLE |  | 0 | 0 | 4476 |
| JPMorgan Chase  Co. | COM | 46625H100 |  | 717262 | 2226 | SH |  | SOLE |  | 0 | 0 | 2226 |
| AIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF | ALLIANZIM US EQU | 00888H570 |  | 2076640 | 69897 | SH |  | SOLE |  | 0 | 0 | 69897 |
| Keycorp | COM | 493267108 |  | 226111 | 10955 | SH |  | SOLE |  | 0 | 0 | 10955 |
| Keysight Technologies Inc | COM | 49338L103 |  | 832469 | 4097 | SH |  | SOLE |  | 0 | 0 | 4097 |
| Kiniksa Pharmaceuticals International Plc. - Ordinary Shares - Class A | ORD SHS CL A | G52694109 |  | 27101 | 657 | SH |  | SOLE |  | 0 | 0 | 657 |
| Coca-Cola Co | COM | 191216100 |  | 187009 | 2675 | SH |  | SOLE |  | 0 | 0 | 2675 |
| Kratos Defense  Security Solutions Inc | COM NEW | 50077B207 |  | 46153 | 608 | SH |  | SOLE |  | 0 | 0 | 608 |
| Loews Corp. | COM | 540424108 |  | 149330 | 1418 | SH |  | SOLE |  | 0 | 0 | 1418 |
| Leidos Holdings Inc | COM | 525327102 |  | 647275 | 3588 | SH |  | SOLE |  | 0 | 0 | 3588 |
| Lear Corp. | COM NEW | 521865204 |  | 324433 | 2831 | SH |  | SOLE |  | 0 | 0 | 2831 |
| Lincoln Electric Holdings Inc. | COM | 533900106 |  | 479 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| Ligand Pharmaceuticals Inc. - Ordinary Shares - Class B | COM NEW | 53220K504 |  | 42919 | 227 | SH |  | SOLE |  | 0 | 0 | 227 |
| Labcorp Holdings Inc. | COM SHS | 504922105 |  | 753 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| L3Harris Technologies Inc | COM | 502431109 |  | 525197 | 1789 | SH |  | SOLE |  | 0 | 0 | 1789 |
| Linde Plc. | SHS | G54950103 |  | 188891 | 443 | SH |  | SOLE |  | 0 | 0 | 443 |
| Lumentum Holdings Inc | COM | 55024U109 |  | 228526 | 620 | SH |  | SOLE |  | 0 | 0 | 620 |
| Cheniere Energy Inc. | COM NEW | 16411R208 |  | 4860 | 25 | SH |  | SOLE |  | 0 | 0 | 25 |
| Lantheus Holdings Inc | COM | 516544103 |  | 532 | 8 | SH |  | SOLE |  | 0 | 0 | 8 |
| Grand Canyon Education Inc | COM | 38526M106 |  | 499 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Lowe`s Cos. Inc. | COM | 548661107 |  | 192446 | 798 | SH |  | SOLE |  | 0 | 0 | 798 |
| Louisiana-Pacific Corp. | COM | 546347105 |  | 485 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| iShares iBoxx USD Inv Grade Corp Bond ETF | IBOXX INV CP ETF | 464287242 |  | 25724957 | 233460 | SH |  | SOLE |  | 0 | 0 | 233460 |
| Lam Research Corp. | COM NEW | 512807306 |  | 1804066 | 10539 | SH |  | SOLE |  | 0 | 0 | 10539 |
| Las Vegas Sands Corp | COM | 517834107 |  | 477175 | 7331 | SH |  | SOLE |  | 0 | 0 | 7331 |
| La-Z-Boy Inc. | COM | 505336107 |  | 745 | 20 | SH |  | SOLE |  | 0 | 0 | 20 |
| Mastercard Incorporated - Ordinary Shares - Class A | CL A | 57636Q104 |  | 331681 | 581 | SH |  | SOLE |  | 0 | 0 | 581 |
| McDonald`s Corp | COM | 580135101 |  | 196826 | 644 | SH |  | SOLE |  | 0 | 0 | 644 |
| BlackRock Institutional Trust Company N.A. - BTC iShares MSCI China ET | MSCI CHINA ETF | 46429B671 |  | 247789 | 4125 | SH |  | SOLE |  | 0 | 0 | 4125 |
| Mckesson Corporation | COM | 58155Q103 |  | 136168 | 166 | SH |  | SOLE |  | 0 | 0 | 166 |
| Mercury General Corp. | COM | 589400100 |  | 19000 | 202 | SH |  | SOLE |  | 0 | 0 | 202 |
| Pediatrix Medical Group Inc | COM | 58502B106 |  | 16534 | 773 | SH |  | SOLE |  | 0 | 0 | 773 |
| Medtronic Plc | SHS | G5960L103 |  | 287892 | 2997 | SH |  | SOLE |  | 0 | 0 | 2997 |
| Medpace Holdings Inc | COM | 58506Q109 |  | 1123 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| Meta Platforms Inc - Ordinary Shares - Class A | CL A | 30303M102 |  | 1320 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| MAGNUM ICE CREAM CO NV (THE) EUR3.50 | ORD SHS | N5505D105 |  | 682 | 43 | SH |  | SOLE |  | 0 | 0 | 43 |
| MKS Instruments Inc. | COM | 55306N104 |  | 26207 | 164 | SH |  | SOLE |  | 0 | 0 | 164 |
| Mueller Industries Inc. | COM | 624756102 |  | 459 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| Marsh  McLennan Cos. Inc. | COM | 571748102 |  | 99439 | 536 | SH |  | SOLE |  | 0 | 0 | 536 |
| Monster Beverage Corp. | COM | 61174X109 |  | 1853037 | 24169 | SH |  | SOLE |  | 0 | 0 | 24169 |
| Altria Group Inc. | COM | 02209S103 |  | 634 | 11 | SH |  | SOLE |  | 0 | 0 | 11 |
| Morningstar Inc | COM | 617700109 |  | 435 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| Marathon Petroleum Corp | COM | 56585A102 |  | 790707 | 4862 | SH |  | SOLE |  | 0 | 0 | 4862 |
| Morgan Stanley | COM NEW | 617446448 |  | 524779 | 2956 | SH |  | SOLE |  | 0 | 0 | 2956 |
| Microsoft Corporation | COM | 594918104 |  | 101077 | 209 | SH |  | SOLE |  | 0 | 0 | 209 |
| Matador Resources Co | COM | 576485205 |  | 467 | 11 | SH |  | SOLE |  | 0 | 0 | 11 |
| Micron Technology Inc. | COM | 595112103 |  | 2116886 | 7417 | SH |  | SOLE |  | 0 | 0 | 7417 |
| Murphy USA Inc | COM | 626755102 |  | 404 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| MYR Group Inc | COM | 55405W104 |  | 75601 | 346 | SH |  | SOLE |  | 0 | 0 | 346 |
| Neurocrine Biosciences Inc. | COM | 64125C109 |  | 24678 | 174 | SH |  | SOLE |  | 0 | 0 | 174 |
| Nordson Corp. | COM | 655663102 |  | 103625 | 431 | SH |  | SOLE |  | 0 | 0 | 431 |
| NextEra Energy Inc | COM | 65339F101 |  | 480877 | 5990 | SH |  | SOLE |  | 0 | 0 | 5990 |
| Newmont Corp | COM | 651639106 |  | 766548 | 7677 | SH |  | SOLE |  | 0 | 0 | 7677 |
| National Energy Services Reunited Corp | SHS | G6375R107 |  | 21642 | 1382 | SH |  | SOLE |  | 0 | 0 | 1382 |
| Netflix Inc. | COM | 64110L106 |  | 563 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| NiSource Inc | COM | 65473P105 |  | 835 | 20 | SH |  | SOLE |  | 0 | 0 | 20 |
| Nike Inc. - Ordinary Shares - Class B | CL B | 654106103 |  | 9557 | 150 | SH |  | SOLE |  | 0 | 0 | 150 |
| Northrop Grumman Corp. | COM | 666807102 |  | 570 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| ServiceNow Inc | COM | 81762P102 |  | 8425 | 55 | SH |  | SOLE |  | 0 | 0 | 55 |
| Norfolk Southern Corp. | COM | 655844108 |  | 866 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Bank of N T Butterfield  Son Ltd. | SHS NEW | G0772R208 |  | 20077 | 403 | SH |  | SOLE |  | 0 | 0 | 403 |
| Netstreit Corp | COM | 64119V303 |  | 18134 | 1028 | SH |  | SOLE |  | 0 | 0 | 1028 |
| Nucor Corp. | COM | 670346105 |  | 136686 | 838 | SH |  | SOLE |  | 0 | 0 | 838 |
| NVIDIA Corp | COM | 67066G104 |  | 2798 | 15 | SH |  | SOLE |  | 0 | 0 | 15 |
| NVR Inc. | COM | 62944T105 |  | 51049 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| nVent Electric plc | SHS | G6700G107 |  | 134906 | 1323 | SH |  | SOLE |  | 0 | 0 | 1323 |
| Northwest Pipe Co. | COM | 667746101 |  | 875 | 14 | SH |  | SOLE |  | 0 | 0 | 14 |
| New York Times Co. - Ordinary Shares - Class A | CL A | 650111107 |  | 486 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| Owens Corning | COM | 690742101 |  | 448 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| ALLIANZIM US BUFFER 15 UNCAPPED OCT ETF | ALLIANZIM US EQU | 00888H547 |  | 2073049 | 72839 | SH |  | SOLE |  | 0 | 0 | 72839 |
| BlackRock Institutional Trust Company N.A. - BTC iShares S 100 ETF | S 100 ETF | 464287101 |  | 688341 | 2007 | SH |  | SOLE |  | 0 | 0 | 2007 |
| OSI ETF Trust - OShares Europe Quality Dividend ETF | O SHARES INTL D | 00162Q379 |  | 337857 | 10120 | SH |  | SOLE |  | 0 | 0 | 10120 |
| Oge Energy Corp. | COM | 670837103 |  | 303682 | 7112 | SH |  | SOLE |  | 0 | 0 | 7112 |
| OSI ETF Trust - O`Shares Global Internet Giants ETF | OSHS GBL INTER | 00162Q361 |  | 336658 | 6404 | SH |  | SOLE |  | 0 | 0 | 6404 |
| Ormat Technologies Inc | COM | 686688102 |  | 50816 | 460 | SH |  | SOLE |  | 0 | 0 | 460 |
| Oracle Corp. | COM | 68389X105 |  | 585 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| O`Reilly Automotive Inc. | COM | 67103H107 |  | 638 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| OSI Systems Inc. | COM | 671044105 |  | 40555 | 159 | SH |  | SOLE |  | 0 | 0 | 159 |
| Otter Tail Corporation | COM | 689648103 |  | 111195 | 1376 | SH |  | SOLE |  | 0 | 0 | 1376 |
| OSI ETF Trust - OwShares U.S. Quality Dividend ETF | OSHARES US QUALT | 00162Q387 |  | 720846 | 12493 | SH |  | SOLE |  | 0 | 0 | 12493 |
| OSI ETF Trust - OShares U.S. Small-Cap Quality Dividend ETF | OSHARES US SMLCP | 00162Q395 |  | 341828 | 7815 | SH |  | SOLE |  | 0 | 0 | 7815 |
| Palo Alto Networks Inc | COM | 697435105 |  | 553 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Par Pacific Holdings Inc | COM NEW | 69888T207 |  | 37986 | 1081 | SH |  | SOLE |  | 0 | 0 | 1081 |
| Patrick Industries Inc. | COM | 703343103 |  | 867 | 8 | SH |  | SOLE |  | 0 | 0 | 8 |
| Pegasystems Inc. | COM | 705573103 |  | 537 | 9 | SH |  | SOLE |  | 0 | 0 | 9 |
| Principal Financial Group Inc - Registered Shares | COM | 74251V102 |  | 10232 | 116 | SH |  | SOLE |  | 0 | 0 | 116 |
| Progyny Inc | COM | 74340E103 |  | 488 | 19 | SH |  | SOLE |  | 0 | 0 | 19 |
| Philip Morris International Inc | COM | 718172109 |  | 481 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| CPI Card Group Inc | COM NEW | 12634H200 |  | 895 | 61 | SH |  | SOLE |  | 0 | 0 | 61 |
| Pentair plc | SHS | G7S00T104 |  | 105910 | 1017 | SH |  | SOLE |  | 0 | 0 | 1017 |
| Invesco Capital Management LLC - Invesco Aerospace  Defense ETF | AEROSPACE DEFN | 46137V100 |  | 3602 | 23 | SH |  | SOLE |  | 0 | 0 | 23 |
| Pilgrim`s Pride Corp. | COM | 72147K108 |  | 507 | 13 | SH |  | SOLE |  | 0 | 0 | 13 |
| PPL Corp | COM | 69351T106 |  | 197373 | 5636 | SH |  | SOLE |  | 0 | 0 | 5636 |
| Primoris Services Corp | COM | 74164F103 |  | 869 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| Pure Storage Inc - Ordinary Shares - Class A | CL A | 74624M102 |  | 402 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| Quanta Services Inc. | COM | 74762E102 |  | 608188 | 1441 | SH |  | SOLE |  | 0 | 0 | 1441 |
| Qualcomm Inc. | COM | 747525103 |  | 513 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Qualys Inc | COM | 74758T303 |  | 930 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| Invesco QQQ Trust ETF | UNIT SER 1 | 46090E103 |  | 65237265 | 106196 | SH |  | SOLE |  | 0 | 0 | 106196 |
| RPC Inc. | COM | 749660106 |  | 832 | 153 | SH |  | SOLE |  | 0 | 0 | 153 |
| REV Group Inc | COM | 749527107 |  | 21709 | 357 | SH |  | SOLE |  | 0 | 0 | 357 |
| REX American Resources Corp | COM | 761624105 |  | 808 | 25 | SH |  | SOLE |  | 0 | 0 | 25 |
| Ralph Lauren Corp - Ordinary Shares - Class A | CL A | 751212101 |  | 354 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| Rambus Inc. | COM | 750917106 |  | 459 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| Resmed Inc. | COM | 761152107 |  | 1204 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| Construction Partners Inc - Ordinary Shares - Class A | COM CL A | 21044C107 |  | 760 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| Rockwell Automation Inc | COM | 773903109 |  | 487505 | 1253 | SH |  | SOLE |  | 0 | 0 | 1253 |
| Rollins Inc. | COM | 775711104 |  | 190804 | 3179 | SH |  | SOLE |  | 0 | 0 | 3179 |
| Republic Services Inc. | COM | 760759100 |  | 419198 | 1978 | SH |  | SOLE |  | 0 | 0 | 1978 |
| RTX Corp | COM | 75513E101 |  | 1042812 | 5686 | SH |  | SOLE |  | 0 | 0 | 5686 |
| Sunrun Inc | COM | 86771W105 |  | 77133 | 4192 | SH |  | SOLE |  | 0 | 0 | 4192 |
| Sanmina Corp | COM | 801056102 |  | 75785 | 505 | SH |  | SOLE |  | 0 | 0 | 505 |
| Star Bulk Carriers Corp | SHS PAR | Y8162K204 |  | 25870 | 1346 | SH |  | SOLE |  | 0 | 0 | 1346 |
| Charles Schwab Corp. | COM | 808513105 |  | 528524 | 5290 | SH |  | SOLE |  | 0 | 0 | 5290 |
| SEI Investments Co. | COM | 784117103 |  | 492 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| Shoals Technologies Group Inc - Ordinary Shares - Class A | CL A | 82489W107 |  | 49360 | 5807 | SH |  | SOLE |  | 0 | 0 | 5807 |
| AIM ETF Products Trust - AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF | ALLIANZIM US EQU | 00888H869 |  | 4150382 | 121073 | SH |  | SOLE |  | 0 | 0 | 121073 |
| AIM ETF Products Trust - AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF | ALLIANZIM US EQU | 00888H877 |  | 4062125 | 116963 | SH |  | SOLE |  | 0 | 0 | 116963 |
| Champion Homes Inc. | COM | 830830105 |  | 507 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| SM Energy Co | COM | 78454L100 |  | 785 | 42 | SH |  | SOLE |  | 0 | 0 | 42 |
| S Global Inc | COM | 78409V104 |  | 141099 | 270 | SH |  | SOLE |  | 0 | 0 | 270 |
| SPDR S 500 | TR UNIT | 78462F103 |  | 64506904 | 94596 | SH |  | SOLE |  | 0 | 0 | 94596 |
| Sempra | COM | 816851109 |  | 663146 | 7511 | SH |  | SOLE |  | 0 | 0 | 7511 |
| Simpson Manufacturing Co. Inc. | COM | 829073105 |  | 484 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Steris Plc | SHS USD | G8473T100 |  | 761 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Sterling Infrastructure Inc | COM | 859241101 |  | 39504 | 129 | SH |  | SOLE |  | 0 | 0 | 129 |
| Sysco Corp. | COM | 871829107 |  | 111346 | 1511 | SH |  | SOLE |  | 0 | 0 | 1511 |
| AT Inc. | COM | 00206R102 |  | 671 | 27 | SH |  | SOLE |  | 0 | 0 | 27 |
| Molson Coors Beverage Company - Ordinary Shares - Class B | CL A | 60871R209 |  | 112499 | 2410 | SH |  | SOLE |  | 0 | 0 | 2410 |
| Teradata Corp | COM | 88076W103 |  | 639 | 21 | SH |  | SOLE |  | 0 | 0 | 21 |
| Teledyne Technologies Inc | COM | 879360105 |  | 511 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| TE Connectivity Ltd - Registered Shares | ORD SHS | G87052109 |  | 487781 | 2144 | SH |  | SOLE |  | 0 | 0 | 2144 |
| Teradyne Inc. | COM | 880770102 |  | 516805 | 2670 | SH |  | SOLE |  | 0 | 0 | 2670 |
| Target Corp | COM | 87612E106 |  | 72922 | 746 | SH |  | SOLE |  | 0 | 0 | 746 |
| Tenet Healthcare Corp. | COM NEW | 88033G407 |  | 159572 | 803 | SH |  | SOLE |  | 0 | 0 | 803 |
| BlackRock Institutional Trust Company N.A. - iShares MSCI Thailand ETF | MSCI THAILND ETF | 464286624 |  | 148399 | 2487 | SH |  | SOLE |  | 0 | 0 | 2487 |
| Millicom International Cellular S.A. | COM STK | L6388F110 |  | 219542 | 3960 | SH |  | SOLE |  | 0 | 0 | 3960 |
| TJX Companies Inc. | COM | 872540109 |  | 228572 | 1488 | SH |  | SOLE |  | 0 | 0 | 1488 |
| Toll Brothers Inc. | COM | 889478103 |  | 406 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Tapestry Inc | COM | 876030107 |  | 511 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| Trimas Corporation | COM NEW | 896215209 |  | 47538 | 1341 | SH |  | SOLE |  | 0 | 0 | 1341 |
| Tower Semiconductor Ltd. | SHS NEW | M87915274 |  | 27124 | 231 | SH |  | SOLE |  | 0 | 0 | 231 |
| TSS INC DEL COM | COM | 87288V101 |  | 622 | 88 | SH |  | SOLE |  | 0 | 0 | 88 |
| Tetra Technologies Inc. | COM | 88162F105 |  | 22807 | 2434 | SH |  | SOLE |  | 0 | 0 | 2434 |
| TTM Technologies Inc | COM | 87305R109 |  | 81489 | 1181 | SH |  | SOLE |  | 0 | 0 | 1181 |
| UFP Industries Inc | COM | 90278Q108 |  | 819 | 9 | SH |  | SOLE |  | 0 | 0 | 9 |
| Unilever plc - ADR | SPON ADR NEW | 904767803 |  | 188679 | 2885 | SH |  | SOLE |  | 0 | 0 | 2885 |
| Ulta Beauty Inc | COM | 90384S303 |  | 692131 | 1144 | SH |  | SOLE |  | 0 | 0 | 1144 |
| United Therapeutics Corp | COM | 91307C102 |  | 487 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| Universal Insurance Holdings Inc | COM | 91359V107 |  | 20010 | 592 | SH |  | SOLE |  | 0 | 0 | 592 |
| Vanguard FTSE All-World ex-US ETF | ALLWRLD EX US | 922042775 |  | 141456 | 1923 | SH |  | SOLE |  | 0 | 0 | 1923 |
| VICI Properties Inc | COM | 925652109 |  | 94933 | 3376 | SH |  | SOLE |  | 0 | 0 | 3376 |
| Valero Energy Corp. | COM | 91913Y100 |  | 458254 | 2815 | SH |  | SOLE |  | 0 | 0 | 2815 |
| Vanguard Real Estate Index Fund ETF | REAL ESTATE ETF | 922908553 |  | 252727 | 2856 | SH |  | SOLE |  | 0 | 0 | 2856 |
| Vanguard S 500 ETF | S 500 ETF SHS | 922908363 |  | 682317 | 1088 | SH |  | SOLE |  | 0 | 0 | 1088 |
| Vanguard Communication Services ETF | COMM SRVC ETF | 92204A884 |  | 272631 | 1408 | SH |  | SOLE |  | 0 | 0 | 1408 |
| Verisk Analytics Inc | COM | 92345Y106 |  | 91713 | 410 | SH |  | SOLE |  | 0 | 0 | 410 |
| VSE Corp. | COM | 918284100 |  | 74982 | 434 | SH |  | SOLE |  | 0 | 0 | 434 |
| Vanguard FTSE All-World Ex-US Small Capital Index | FTSE SMCAP ETF | 922042718 |  | 138457 | 966 | SH |  | SOLE |  | 0 | 0 | 966 |
| Vanguard Total Stock Market ETF | TOTAL STK MKT | 922908769 |  | 680263 | 2029 | SH |  | SOLE |  | 0 | 0 | 2029 |
| Vanguard Growth ETF | GROWTH ETF | 922908736 |  | 580553 | 1190 | SH |  | SOLE |  | 0 | 0 | 1190 |
| Vanguard FTSE Emerging Markets ETF | FTSE EMR MKT ETF | 922042858 |  | 134400 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| Vanguard International High Dividend Yield ETF | INTL HIGH ETF | 921946794 |  | 3780 | 42 | SH |  | SOLE |  | 0 | 0 | 42 |
| Westinghouse Air Brake Technologies Corp | COM | 929740108 |  | 111634 | 523 | SH |  | SOLE |  | 0 | 0 | 523 |
| Warner Bros. Discovery Inc - Ordinary Shares - Class A | COM SER A | 934423104 |  | 19021 | 660 | SH |  | SOLE |  | 0 | 0 | 660 |
| Waste Connections Inc | COM | 94106B101 |  | 101709 | 580 | SH |  | SOLE |  | 0 | 0 | 580 |
| Western Digital Corp. | COM | 958102105 |  | 736110 | 4273 | SH |  | SOLE |  | 0 | 0 | 4273 |
| Welltower Inc. | COM | 95040Q104 |  | 624763 | 3366 | SH |  | SOLE |  | 0 | 0 | 3366 |
| Wells Fargo  Co. | COM | 949746101 |  | 932 | 10 | SH |  | SOLE |  | 0 | 0 | 10 |
| Weatherford International plc - Ordinary Shares - New | ORD SHS | G48833118 |  | 470 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| Wingstop Inc | COM | 974155103 |  | 477 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| Willdan Group Inc | COM | 96924N100 |  | 47995 | 463 | SH |  | SOLE |  | 0 | 0 | 463 |
| Waste Management Inc. | COM | 94106L109 |  | 277494 | 1263 | SH |  | SOLE |  | 0 | 0 | 1263 |
| Advanced Drainage Systems Inc | COM | 00790R104 |  | 434 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| Walmart Inc | COM | 931142103 |  | 99601 | 894 | SH |  | SOLE |  | 0 | 0 | 894 |
| W.R. Berkley Corp. | COM | 084423102 |  | 771 | 11 | SH |  | SOLE |  | 0 | 0 | 11 |
| West Pharmaceutical Services Inc. | COM | 955306105 |  | 115009 | 418 | SH |  | SOLE |  | 0 | 0 | 418 |
| Watts Water Technologies Inc. - Ordinary Shares - Class A | CL A | 942749102 |  | 552 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| Woodward Inc | COM | 980745103 |  | 199531 | 660 | SH |  | SOLE |  | 0 | 0 | 660 |
| Xcel Energy Inc. | COM | 98389B100 |  | 1583189 | 21435 | SH |  | SOLE |  | 0 | 0 | 21435 |
| Materials Select Sector SPDR | SBI MATERIALS | 81369Y100 |  | 267701 | 5903 | SH |  | SOLE |  | 0 | 0 | 5903 |
| Energy Select Sector SPDR | ENERGY | 81369Y506 |  | 259899 | 5813 | SH |  | SOLE |  | 0 | 0 | 5813 |
| Financial Select Sector SPDR | FINANCIAL | 81369Y605 |  | 271002 | 4948 | SH |  | SOLE |  | 0 | 0 | 4948 |
| Industrial Select Sector SPDR | INDL | 81369Y704 |  | 262153 | 1690 | SH |  | SOLE |  | 0 | 0 | 1690 |
| Technology Select Sector SPDR | TECHNOLOGY | 81369Y803 |  | 256842 | 1784 | SH |  | SOLE |  | 0 | 0 | 1784 |
| Utilities Select Sector SPDR | SBI INT-UTILS | 81369Y886 |  | 249651 | 5848 | SH |  | SOLE |  | 0 | 0 | 5848 |
| Health Care Select Sector SPDR | STATE STREET HEA | 81369Y209 |  | 272138 | 1758 | SH |  | SOLE |  | 0 | 0 | 1758 |
| Consumer Discretionary Select Sector SPDR | SBI CONS DISCR | 81369Y407 |  | 264732 | 2217 | SH |  | SOLE |  | 0 | 0 | 2217 |
| Exxon Mobil Corp. | COM | 30231G102 |  | 602 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| YETI Holdings Inc | COM | 98585X104 |  | 972 | 22 | SH |  | SOLE |  | 0 | 0 | 22 |
| Clear Secure Inc - Ordinary Shares Class A | COM CL A | 18467V109 |  | 491 | 14 | SH |  | SOLE |  | 0 | 0 | 14 |
| Yum Brands Inc. | COM | 988498101 |  | 605 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| Zurn Elkay Water Solutions Corp | COM | 98983L108 |  | 18271 | 393 | SH |  | SOLE |  | 0 | 0 | 393 |

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