Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| BLACKROCK MUNIYIELD QUALITY | 0 | 287,907 | +287,907 | 0 | 3,020 | 1.84% | +3,020 |
| SPDR SERIES TRUST ST STR BLO 1 ETF | 142,193 | 173,918 | +31,725 | 13,043 | 15,953 | 9.74% | +2,910 |
| VANECK ETF TRUST EMERGING MRKT HI | 66,617 | 198,033 | +131,416 | 1,320 | 3,925 | 2.40% | +2,605 |
| FIRST TR EXCH TRADED FD III EME MRK BD ETF | 0 | 76,349 | +76,349 | 0 | 2,205 | 1.35% | +2,205 |
| ISHARES TR BROAD USD HIGH | 0 | 51,101 | +51,101 | 0 | 1,917 | 1.17% | +1,917 |
| BLACKROCK MUNIYIELD FD INC | 199,334 | 374,013 | +174,679 | 2,001 | 3,755 | 2.29% | +1,754 |
| NEUBERGER BERMAN MUN FD INC(NBH) | 157,355 | 331,218 | +173,863 | 1,547 | 3,256 | 1.99% | +1,709 |
| BLACKROCK MUN INCOME TR | 197,474 | 343,405 | +145,931 | 1,894 | 3,293 | 2.01% | +1,399 |
| BLACKROCK MULTI SECTOR INC T(BIT) | 0 | 78,877 | +78,877 | 0 | 1,152 | 0.70% | +1,152 |
| VANGUARD WORLD FD | 0 | 11,622 | +11,622 | 0 | 782 | 0.48% | +782 |
| PIMCO CALIF MUN INCOME FD COM | 0 | 55,616 | +55,616 | 0 | 478 | 0.29% | +478 |
| BROOKFIELD REAL ASSETS INCOM(RA) | 156,324 | 190,901 | +34,577 | 2,090 | 2,552 | 1.56% | +462 |
| TEMPLETON EMERGING MKTS INCO(TEI) | 384,161 | 458,981 | +74,820 | 2,305 | 2,754 | 1.68% | +449 |
| WESTERN ASSET EMERGING MKTS COM | 335,937 | 379,417 | +43,480 | 3,376 | 3,813 | 2.33% | +437 |
| PIMCO DYNAMIC INCOME STRATEG(PDX) | 45,130 | 61,864 | +16,734 | 1,112 | 1,525 | 0.93% | +412 |
| ISHARES TR | 0 | 6,841 | +6,841 | 0 | 365 | 0.22% | +365 |
| INVESCO MUNICIPAL TRUST(VKQ) | 238,154 | 277,387 | +39,233 | 2,179 | 2,538 | 1.55% | +359 |
| BLACKROCK INCOME TR INC(BKT) | 0 | 26,762 | +26,762 | 0 | 314 | 0.19% | +314 |
| ALLSPRING INCOME OPPORTUNIT INC OPPTY FD | 331,813 | 374,952 | +43,139 | 2,343 | 2,647 | 1.62% | +305 |
| COHEN & STEERS LTD DURATION(LDP) | 88,694 | 100,280 | +11,586 | 1,861 | 2,104 | 1.28% | +243 |
| BLACKROCK MUNIHOLDINGS FD IN(MHD) | 301,003 | 321,905 | +20,902 | 3,371 | 3,605 | 2.20% | +234 |
| BLACKROCK CR ALLOCATION INCO | 159,518 | 180,294 | +20,776 | 1,742 | 1,969 | 1.20% | +227 |
| ANGEL OAK FUNDS TRUST INCOME ETF | 68,709 | 76,616 | +7,907 | 1,429 | 1,594 | 0.97% | +164 |
| VANGUARD TAX-MANAGED FDS | 310,735 | 313,553 | +2,818 | 17,715 | 17,876 | 10.92% | +161 |
| ALLSPRING MULTI SECTOR INCOM(ERC) | 121,778 | 138,651 | +16,873 | 1,151 | 1,310 | 0.80% | +159 |
| FRANKLIN LTD DURATION INCOME(FTF) | 168,741 | 190,486 | +21,745 | 1,083 | 1,223 | 0.75% | +140 |
| MORGAN STANLEY EMERGING MKTS(EDD) | 620,755 | 647,433 | +26,678 | 3,178 | 3,315 | 2.02% | +137 |
| INVESCO MUN OPPORTUNITY TR(VMO) | 261,114 | 274,345 | +13,231 | 2,397 | 2,518 | 1.54% | +121 |
| NUVEEN VRIABL RAT PFD & INM(NPFD) | 43,415 | 49,086 | +5,671 | 837 | 946 | 0.58% | +109 |
| PGIM SHORT DUR HIG YLD OPP F(SDHY) | 45,750 | 51,876 | +6,126 | 770 | 874 | 0.53% | +103 |
| WESTERN ASSET MANAGED MUNS F(MMU) | 297,490 | 307,786 | +10,296 | 2,945 | 3,047 | 1.86% | +102 |
| BRANDYWINEGBL GBL INCM OPP F(BWG) | 25,965 | 30,205 | +4,240 | 216 | 251 | 0.15% | +35 |
| NUVEEN AMT FREE MUN CR INC F(NVG) | 105,783 | 107,312 | +1,529 | 1,262 | 1,280 | 0.78% | +18 |
| WESTERN ASSET GBL HIGH INC F(EHI) | 42,545 | 44,181 | +1,636 | 278 | 289 | 0.18% | +11 |
| NUVEEN CALIFORNIA AMT QLT MU | 58,648 | 58,710 | +62 | 690 | 691 | 0.42% | +1 |
| NUVEEN CA QUALTY MUN INCOME(NAC) | 66,107 | 66,167 | +60 | 738 | 739 | 0.45% | +1 |
| BLACKROCK MUNIHLDNGS CALI QL(MUC) | 25,152 | 25,176 | +24 | 260 | 261 | 0.16% | 0 |
| AFFIRM HLDGS INC(AFRM) | 3,541 | 3,541 | 0 | 245 | 245 | 0.15% | 0 |
| BLACKROCK CORE BD TR | 55,308 | 55,308 | 0 | 538 | 538 | 0.33% | 0 |
| BROADCOM INC(AVGO) | 1,627 | 1,627 | 0 | 448 | 448 | 0.27% | 0 |
| MICROSOFT CORP(MSFT) | 471 | 471 | 0 | 234 | 234 | 0.14% | 0 |
| INVESCO QUALITY MUN INCOME T(IQI) | 259,190 | 254,038 | -5,152 | 2,431 | 2,383 | 1.46% | -48 |
| NUVEEN MUNICIPAL CREDIT INC(NZF) | 10,442 | 0 | -10,442 | 124 | 0 | — | -124 |
| VANGUARD INDEX FDS | 30,338 | 29,580 | -758 | 7,189 | 7,010 | 4.28% | -180 |
| BLACKROCK MUNI INCOME TR II | 337,657 | 318,699 | -18,958 | 3,390 | 3,200 | 1.95% | -190 |
| DOUBLELINE ETF TRUST COMMERCIAL REAL | 8,009 | 4,342 | -3,667 | 417 | 226 | 0.14% | -191 |
| VANGUARD INTL EQUITY INDEX F | 143,735 | 139,173 | -4,562 | 7,109 | 6,883 | 4.20% | -226 |
| RBB FD INC F/M US TREASURY | 53,821 | 46,423 | -7,398 | 2,691 | 2,321 | 1.42% | -370 |
| EATON VANCE CALIF MUN BD FD | 51,218 | 0 | -51,218 | 457 | 0 | — | -457 |
| VANGUARD INDEX FDS | 44,416 | 43,311 | -1,105 | 25,230 | 24,602 | 15.02% | -628 |
| AGNC INVT CORP(AGNC) | 68,326 | 0 | -68,326 | 628 | 0 | — | -628 |
| INVESCO QQQ TR | 26,320 | 25,125 | -1,195 | 14,519 | 13,860 | 8.46% | -659 |
| FIRST TR INTER DURATN PFD &(FPF) | 98,637 | 55,128 | -43,509 | 1,856 | 1,038 | 0.63% | -819 |
| KKR INCOME OPPORTUNITIES FD(KIO) | 171,844 | 50,500 | -121,344 | 2,158 | 634 | 0.39% | -1,524 |
| WESTERN ASSET HIGH INCOM FD(HIX) | 381,889 | 0 | -381,889 | 1,638 | 0 | — | -1,638 |
| ABRDN ASIA PACIFIC INCOME FU | 135,213 | 0 | -135,213 | 2,153 | 0 | — | -2,153 |
| NUVEEN AMT FREE QLTY MUN INC | 210,016 | 0 | -210,016 | 2,293 | 0 | — | -2,293 |
| NUVEEN QUALITY MUNCP INCOME(NAD) | 270,646 | 0 | -270,646 | 3,056 | 0 | — | -3,056 |
| SPDR SERIES TRUST ST STR BL 12 ETF | 44,841 | 0 | -44,841 | 4,459 | 0 | — | -4,459 |