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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | $60.8M | 794899 | 19.14% |
| 2 | SPDR INDEX SHS FDS | $33.5M | 733723 | 10.53% |
| 3 | SPDR SERIES TRUST | $26.4M | 288484 | 8.32% |
| 4 | VANGUARD TAX-MANAGED FDS | $12.9M | 201325 | 4.06% |
| 5 | SPDR SERIES TRUST | $10.1M | 299812 | 3.16% |
| 6 | SPDR SERIES TRUST | $9.4M | 166654 | 2.97% |
| 7 | VALUED ADVISERS TR | $7.8M | 306652 | 2.46% |
| 8 | JANUS DETROIT STR TR | $7.8M | 154757 | 2.45% |
| 9 | ISHARES TR | $7.5M | 82829 | 2.36% |
| 10 | INVESCO ACTIVELY MANAGED EXC | $7.4M | 293991 | 2.31% |
| 11 | VANGUARD INTL EQUITY INDEX F | $7.0M | 129756 | 2.21% |
| 12 | SPDR SERIES TRUST | $6.9M | 70803 | 2.18% |
| 13 | ISHARES TR | $6.8M | 31722 | 2.13% |
| 14 | SPDR SERIES TRUST | $6.2M | 217958 | 1.96% |
| 15 | VANGUARD SCOTTSDALE FDS | $5.8M | 70628 | 1.84% |
| 16 | VANGUARD CHARLOTTE FDS | $5.6M | 117262 | 1.77% |
| 17 | JANUS DETROIT STR TR | $4.9M | 94874 | 1.54% |
| 18 | VANGUARD SCOTTSDALE FDS | $4.5M | 40740 | 1.41% |
| 19 | ISHARES TR | $4.2M | 29083 | 1.33% |
| 20 | ISHARES TR | $4.2M | 17051 | 1.33% |
| 21 | VANGUARD SCOTTSDALE FDS | $4.2M | 70773 | 1.33% |
| 22 | SPDR SERIES TRUST | $3.9M | 153769 | 1.24% |
| 23 | ISHARES TR | $3.7M | 28676 | 1.16% |
| 24 | ADVISOR MANAGED PORTFOLIOS | $3.4M | 120891 | 1.07% |
| 25 | VANGUARD INDEX FDS | $3.3M | 5601 | 1.05% |
| 26 | JANUS DETROIT STR TR | $3.0M | 64630 | 0.95% |
| 27 | INVESCO EXCH TRADED FD TR II | $3.0M | 144519 | 0.93% |
| 28 | SSGA ACTIVE TR | $2.9M | 105845 | 0.93% |
| 29 | SPDR SERIES TRUST | $2.6M | 112553 | 0.83% |
| 30 | ISHARES TR | $2.6M | 6004 | 0.81% |
| 31 | VANGUARD WHITEHALL FDS | $2.5M | 16691 | 0.78% |
| 32 | SSGA ACTIVE TR | $2.4M | 95946 | 0.76% |
| 33 | FIRST TR EXCHANGE-TRADED FD | $2.3M | 53089 | 0.73% |
| 34 | ISHARES TR | $2.3M | 22889 | 0.71% |
| 35 | STATE STR SPDR S&P 500 ETF T | $2.3M | 3477 | 0.71% |
| 36 | APPLE INC | $2.1M | 8268 | 0.66% |
| 37 | INVESCO ACTIVELY MANAGED EXC | $2.1M | 41804 | 0.66% |
| 38 | ISHARES TR | $1.9M | 5449 | 0.61% |
| 39 | SPDR SERIES TRUST | $1.7M | 76679 | 0.53% |
| 40 | ISHARES TR | $1.7M | 17574 | 0.52% |
| 41 | WORLD GOLD TR | $1.2M | 13015 | 0.38% |
| 42 | FLEXSHARES TR | $1.2M | 15479 | 0.37% |
| 43 | ALPS ETF TR | $1.0M | 19711 | 0.33% |
| 44 | ARCH CAP GROUP LTD | $1.0M | 10500 | 0.32% |
| 45 | ATEA PHARMACEUTICALS INC | $952K | 177000 | 0.30% |
| 46 | TYRA BIOSCIENCES INC | $805K | 21020 | 0.25% |
| 47 | SPDR SERIES TRUST | $755K | 28710 | 0.24% |
| 48 | ALPHABET INC | $725K | 2528 | 0.23% |
| 49 | SPDR SERIES TRUST | $696K | 26748 | 0.22% |
| 50 | ISHARES TR | $683K | 16059 | 0.21% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.