# EDGAR Filing Document

**Accession Number:** 0001967018
**File Stem:** 0001967018-25-000005
**Filing Date:** 2025-11
**Character Count:** 16765
**Document Hash:** c6d02f204489300d17cd75b1c5a4b029
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001967018-25-000005.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001967018-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Milestone Investment Advisors LLC
- **CENTRAL INDEX KEY:** 0001967018

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23160
- **FILM NUMBER:** 251483740

**BUSINESS ADDRESS:**
- **STREET 1:** 6702 STONEFIELD ROAD
- **STREET 2:** SUITE 201
- **CITY:** MIDDLETON
- **STATE:** WI
- **ZIP:** 53562
- **BUSINESS PHONE:** 608-826-5730

**MAIL ADDRESS:**
- **STREET 1:** 6702 STONEFIELD ROAD
- **STREET 2:** SUITE 201
- **CITY:** MIDDLETON
- **STATE:** WI
- **ZIP:** 53562

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Milestone Investment Advisors LLC<br>**Address:** 6702 STONEFIELD ROAD<br>SUITE 201<br>MIDDLETON, WI 53562

**Form 13F File Number:** 028-23160

**CRD Number (if applicable):** 000168429

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 Kauper<br>**Title:** CCO<br>**Phone:** 608-826-5730

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

Daniel Kauper  Middleton, WI  11-14-2025<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:** 125

**Form 13F Information Table Value Total:** $402531352

      (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 |
| SPDR SERIES TRUST | AEROSPACE DEF | 78464A631 |  | 31955 | 136 | SH |  | SOLE |  | 0 | 0 | 136 |
| INVESCO EXCHANGE TRADED FD T | AEROSPACE DEFN | 46137V100 |  | 33246 | 214 | SH |  | SOLE |  | 0 | 0 | 214 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 702695 | 14227 | SH |  | SOLE |  | 0 | 0 | 14227 |
| FIDELITY COVINGTON TRUST | BLUE CHIP GRWTH | 316092352 |  | 1641402 | 30589 | SH |  | SOLE |  | 0 | 0 | 30589 |
| CAMBRIA ETF TR | CANNABIS ETF | 132061821 |  | 4006 | 620 | SH |  | SOLE |  | 0 | 0 | 620 |
| LEGG MASON ETF INVT | CLEARBRIDGE LRG | 524682200 |  | 492365 | 5907 | SH |  | SOLE |  | 0 | 0 | 5907 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 35731 | 555 | SH |  | SOLE |  | 0 | 0 | 555 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 3671 | 42 | SH |  | SOLE |  | 0 | 0 | 42 |
| J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF | 46641Q670 |  | 11051429 | 232417 | SH |  | SOLE |  | 0 | 0 | 232417 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1376765 | 11586 | SH |  | SOLE |  | 0 | 0 | 11586 |
| ISHARES TR | CORE S ETF | 464287200 |  | 9867490 | 14743 | SH |  | SOLE |  | 0 | 0 | 14743 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 15537 | 72 | SH |  | SOLE |  | 0 | 0 | 72 |
| TCW ETF TRUST | DURABLE GROWTH | 29287L601 |  | 225182 | 7051 | SH |  | SOLE |  | 0 | 0 | 7051 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 914343 | 8029 | SH |  | SOLE |  | 0 | 0 | 8029 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 297571 | 4387 | SH |  | SOLE |  | 0 | 0 | 4387 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 14116 | 423 | SH |  | SOLE |  | 0 | 0 | 423 |
| PIMCO ETF TR | ENHANCD SHORT | 72201R643 |  | 10944178 | 110687 | SH |  | SOLE |  | 0 | 0 | 110687 |
| FIDELITY COVINGTON TRUST | ENHANCED SMALL | 31609A206 |  | 5503105 | 150523 | SH |  | SOLE |  | 0 | 0 | 150523 |
| ISHARES TR | ESG ADV TTL USD | 46436E619 |  | 451937 | 10290 | SH |  | SOLE |  | 0 | 0 | 10290 |
| ISHARES TR | ESG ADVNCD HY BD | 46435G441 |  | 240132 | 5057 | SH |  | SOLE |  | 0 | 0 | 5057 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 501961 | 5399 | SH |  | SOLE |  | 0 | 0 | 5399 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 380036 | 2610 | SH |  | SOLE |  | 0 | 0 | 2610 |
| ISHARES TR | ESG AWRE 1 5 YR | 46435G243 |  | 9686081 | 382698 | SH |  | SOLE |  | 0 | 0 | 382698 |
| ISHARES TR | ESG AWRE USD ETF | 46435G193 |  | 70680 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| ISHARES TR | ESG EAFE ETF | 46436E759 |  | 178032 | 2351 | SH |  | SOLE |  | 0 | 0 | 2351 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 220196 | 3174 | SH |  | SOLE |  | 0 | 0 | 3174 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 384022 | 3049 | SH |  | SOLE |  | 0 | 0 | 3049 |
| ISHARES TR | ESG MSCI USA ETF | 46436E767 |  | 329648 | 5752 | SH |  | SOLE |  | 0 | 0 | 5752 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 1745816 | 12870 | SH |  | SOLE |  | 0 | 0 | 12870 |
| INVESCO EXCH TRADED FD TR II | ESG S 500 EQL | 46138G516 |  | 2515 | 87 | SH |  | SOLE |  | 0 | 0 | 87 |
| ISHARES TR | ESG SELECT SCRE | 46436E551 |  | 5262 | 120 | SH |  | SOLE |  | 0 | 0 | 120 |
| ISHARES TR | ESG SELECT SCREE | 46436E544 |  | 92356 | 2170 | SH |  | SOLE |  | 0 | 0 | 2170 |
| VANGUARD WORLD FD | ESG US CORP BD | 921910691 |  | 192472 | 2998 | SH |  | SOLE |  | 0 | 0 | 2998 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 841060 | 7101 | SH |  | SOLE |  | 0 | 0 | 7101 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 4547344 | 36104 | SH |  | SOLE |  | 0 | 0 | 36104 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 368020 | 1758 | SH |  | SOLE |  | 0 | 0 | 1758 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 511765 | 9500 | SH |  | SOLE |  | 0 | 0 | 9500 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 9808683 | 195120 | SH |  | SOLE |  | 0 | 0 | 195120 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 243600 | 5670 | SH |  | SOLE |  | 0 | 0 | 5670 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US B | 808524789 |  | 897371 | 34863 | SH |  | SOLE |  | 0 | 0 | 34863 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 8787062 | 334109 | SH |  | SOLE |  | 0 | 0 | 334109 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 11376 | 32 | SH |  | SOLE |  | 0 | 0 | 32 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 20177310 | 42070 | SH |  | SOLE |  | 0 | 0 | 42070 |
| J P MORGAN EXCHANGE TRADED F | HEDGED EQUITY LA | 46654Q724 |  | 252265 | 3881 | SH |  | SOLE |  | 0 | 0 | 3881 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 10687666 | 75826 | SH |  | SOLE |  | 0 | 0 | 75826 |
| FIDELITY COVINGTON TRUST | HIGH DIVID ETF | 316092840 |  | 18023563 | 323525 | SH |  | SOLE |  | 0 | 0 | 323525 |
| ISHARES TR | HIGH YLD SYSTM B | 46435G250 |  | 6699 | 140 | SH |  | SOLE |  | 0 | 0 | 140 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 7581 | 145 | SH |  | SOLE |  | 0 | 0 | 145 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 6010666 | 76971 | SH |  | SOLE |  | 0 | 0 | 76971 |
| INVESCO EXCH TRD SLF IDX FD | INTL DEV DYNAMIC | 46138J437 |  | 85033 | 3072 | SH |  | SOLE |  | 0 | 0 | 3072 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 |  | 9159953 | 116096 | SH |  | SOLE |  | 0 | 0 | 116096 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 5357212 | 230121 | SH |  | SOLE |  | 0 | 0 | 230121 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 197761 | 7869 | SH |  | SOLE |  | 0 | 0 | 7869 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 1036866 | 7182 | SH |  | SOLE |  | 0 | 0 | 7182 |
| ARK ETF TR | ISRAEL INOVATE | 00214Q609 |  | 5417 | 186 | SH |  | SOLE |  | 0 | 0 | 186 |
| GOLDMAN SACHS ETF TR | JUST US LRG CP | 381430396 |  | 2450976 | 26130 | SH |  | SOLE |  | 0 | 0 | 26130 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 570834 | 1943 | SH |  | SOLE |  | 0 | 0 | 1943 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 42960 | 176 | SH |  | SOLE |  | 0 | 0 | 176 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 10109118 | 34415 | SH |  | SOLE |  | 0 | 0 | 34415 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 3523167 | 79728 | SH |  | SOLE |  | 0 | 0 | 79728 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 4634724 | 48715 | SH |  | SOLE |  | 0 | 0 | 48715 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 194500 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 46641Q647 |  | 623759 | 12359 | SH |  | SOLE |  | 0 | 0 | 12359 |
| CAPITAL GRP FIXED INCM ETF T | MUNICIPAL INCOME | 14020Y201 |  | 487072 | 17848 | SH |  | SOLE |  | 0 | 0 | 17848 |
| NUSHARES ETF TR | NUVEEN ESG LRGCP | 67092P201 |  | 148678 | 1495 | SH |  | SOLE |  | 0 | 0 | 1495 |
| NUSHARES ETF TR | NUVEEN ESG LRGVL | 67092P300 |  | 524478 | 11967 | SH |  | SOLE |  | 0 | 0 | 11967 |
| NUSHARES ETF TR | NUVEEN ESG SMLCP | 67092P607 |  | 63108 | 1431 | SH |  | SOLE |  | 0 | 0 | 1431 |
| PIMCO EQUITY SER | RAFI ESG US | 72201T342 |  | 241343 | 5930 | SH |  | SOLE |  | 0 | 0 | 5930 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 |  | 180840 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1500 | 46137V597 |  | 59620 | 1313 | SH |  | SOLE |  | 0 | 0 | 1313 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 109644 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 145639 | 311 | SH |  | SOLE |  | 0 | 0 | 311 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 12216 | 60 | SH |  | SOLE |  | 0 | 0 | 60 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 146353 | 457 | SH |  | SOLE |  | 0 | 0 | 457 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 13385 | 76 | SH |  | SOLE |  | 0 | 0 | 76 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 188124 | 1321 | SH |  | SOLE |  | 0 | 0 | 1321 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 54262 | 562 | SH |  | SOLE |  | 0 | 0 | 562 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 6179291 | 22581 | SH |  | SOLE |  | 0 | 0 | 22581 |
| INVESCO EXCH TRD SLF IDX FD | RUSL 1000 DYNM | 46138J619 |  | 1668720 | 27692 | SH |  | SOLE |  | 0 | 0 | 27692 |
| INVESCO EXCH TRD SLF IDX FD | RUSL 2000 DYNM | 46138J593 |  | 5939 | 135 | SH |  | SOLE |  | 0 | 0 | 135 |
| SPDR SERIES TRUST | S 500 ESG ETF | 78468R531 |  | 52113 | 820 | SH |  | SOLE |  | 0 | 0 | 820 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 22659 | 37 | SH |  | SOLE |  | 0 | 0 | 37 |
| INVESCO EXCHANGE TRADED FD T | S 500 GARP ETF | 46137V431 |  | 2900265 | 25526 | SH |  | SOLE |  | 0 | 0 | 25526 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 129895 | 1076 | SH |  | SOLE |  | 0 | 0 | 1076 |
| SPDR INDEX SHS FDS | S INTL ETF | 78463X772 |  | 100388 | 2351 | SH |  | SOLE |  | 0 | 0 | 2351 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 58332 | 608 | SH |  | SOLE |  | 0 | 0 | 608 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 86737 | 669 | SH |  | SOLE |  | 0 | 0 | 669 |
| INVESCO EXCHANGE TRADED FD T | S MDCP QUALITY | 46137V472 |  | 2861887 | 27266 | SH |  | SOLE |  | 0 | 0 | 27266 |
| INVESCO EXCH TRADED FD TR II | S MIDCP LOW | 46138E198 |  | 16272 | 256 | SH |  | SOLE |  | 0 | 0 | 256 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 5182415 | 27319 | SH |  | SOLE |  | 0 | 0 | 27319 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 3426152 | 46627 | SH |  | SOLE |  | 0 | 0 | 46627 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 38705245 | 528111 | SH |  | SOLE |  | 0 | 0 | 528111 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 139866 | 1005 | SH |  | SOLE |  | 0 | 0 | 1005 |
| J P MORGAN EXCHANGE TRADED F | SHORT DURA CORE | 46641Q274 |  | 4544139 | 95445 | SH |  | SOLE |  | 0 | 0 | 95445 |
| ISHARES U S ETF TR | SHORT MATURITY M | 46431W838 |  | 364834 | 7223 | SH |  | SOLE |  | 0 | 0 | 7223 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 266611 | 3379 | SH |  | SOLE |  | 0 | 0 | 3379 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 9065821 | 113422 | SH |  | SOLE |  | 0 | 0 | 113422 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 3584355 | 85281 | SH |  | SOLE |  | 0 | 0 | 85281 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 8704481 | 356741 | SH |  | SOLE |  | 0 | 0 | 356741 |
| PIMCO ETF TR | SHTRM MUN BD ACT | 72201R874 |  | 1954329 | 38646 | SH |  | SOLE |  | 0 | 0 | 38646 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 285098 | 1366 | SH |  | SOLE |  | 0 | 0 | 1366 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 575436 | 2263 | SH |  | SOLE |  | 0 | 0 | 2263 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 115477 | 388 | SH |  | SOLE |  | 0 | 0 | 388 |
| SPDR SERIES TRUST | SPDR S 500 ETF | 78468R796 |  | 3508920 | 63973 | SH |  | SOLE |  | 0 | 0 | 63973 |
| SPDR SERIES TRUST | SSGA US LRG ETF | 78468R804 |  | 1527188 | 8572 | SH |  | SOLE |  | 0 | 0 | 8572 |
| FLEXSHARES TR | STOX GBL ESG SLT | 33939L688 |  | 405948 | 2056 | SH |  | SOLE |  | 0 | 0 | 2056 |
| FLEXSHARES TR | STOX US ESG SLCT | 33939L696 |  | 274977 | 1783 | SH |  | SOLE |  | 0 | 0 | 1783 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 6339596 | 22492 | SH |  | SOLE |  | 0 | 0 | 22492 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 12150575 | 262772 | SH |  | SOLE |  | 0 | 0 | 262772 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 4723198 | 14393 | SH |  | SOLE |  | 0 | 0 | 14393 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 115250 | 173 | SH |  | SOLE |  | 0 | 0 | 173 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 14508707 | 564322 | SH |  | SOLE |  | 0 | 0 | 564322 |
| BLACKROCK ETF TRUST | US CARBON TRANS | 09290C509 |  | 24169 | 333 | SH |  | SOLE |  | 0 | 0 | 333 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 5942025 | 217657 | SH |  | SOLE |  | 0 | 0 | 217657 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 33045556 | 1035586 | SH |  | SOLE |  | 0 | 0 | 1035586 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 634162 | 21785 | SH |  | SOLE |  | 0 | 0 | 21785 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 26870307 | 1020133 | SH |  | SOLE |  | 0 | 0 | 1020133 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 10073622 | 339866 | SH |  | SOLE |  | 0 | 0 | 339866 |
| CAPITAL GRP FIXED INCM ETF T | US MULTI-SECTOR | 14020Y300 |  | 627762 | 22622 | SH |  | SOLE |  | 0 | 0 | 22622 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 1556039 | 55772 | SH |  | SOLE |  | 0 | 0 | 55772 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 3701641 | 19849 | SH |  | SOLE |  | 0 | 0 | 19849 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1578931 | 26351 | SH |  | SOLE |  | 0 | 0 | 26351 |
| INVESCO ACTIVELY MANAGED EXC | VAR RATE INVT | 46090A879 |  | 3576223 | 142479 | SH |  | SOLE |  | 0 | 0 | 142479 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1149032 | 15642 | SH |  | SOLE |  | 0 | 0 | 15642 |
| BLACKROCK ETF TRUST | WORLD EX US CARB | 09290C608 |  | 15761 | 296 | SH |  | SOLE |  | 0 | 0 | 296 |

---