Systematic Alpha Investments 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Vanguard S&P 500 ETF	ETF	922908363	444,750,100	1,132,544	SH		SOLE		1,132,544	0	0
Occidental Petroleum Corporation Warrant 2020-03.08.27 on Occidental Pete	WT	674599162	46,710	1,080	SH		SOLE		1,080	0	0
Apple Inc.	COM	037833100	98,641,620	576,144	SH		SOLE		576,144	0	0
Pfizer Inc.	COM	717081103	14,081,160	424,515	SH		SOLE		424,515	0	0
Merck & Co., Inc.	COM	58933Y105	42,279,710	410,682	SH		SOLE		410,682	0	0
BrightSphere Investment Group, Inc.	COM	10948W103	7,176,394	370,108	SH		SOLE		370,108	0	0
Applied Materials, Inc.	COM	038222105	44,321,720	320,128	SH		SOLE		320,128	0	0
Cisco Systems, Inc.	COM	17275R102	16,911,180	314,568	SH		SOLE		314,568	0	0
Verizon Communications Inc.	COM	92343V104	10,012,100	308,920	SH		SOLE		308,920	0	0
Alphabet Inc. Class A	COM	02079K305	40,383,400	308,600	SH		SOLE		308,600	0	0
Bristol-Myers Squibb Company	COM	110122108	17,196,790	296,292	SH		SOLE		296,292	0	0
MetLife, Inc.	COM	59156R108	17,644,430	280,471	SH		SOLE		280,471	0	0
Eli Lilly and Company	COM	532457108	150,022,000	279,303	SH		SOLE		279,303	0	0
SLM Corp	COM	78442P106	3,785,080	277,906	SH		SOLE		277,906	0	0
Pitney Bowes Inc.	COM	724479100	830,500	275,000	SH		SOLE		275,000	0	0
Microsoft Corporation	COM	594918104	79,380,180	251,402	SH		SOLE		251,402	0	0
Sun Life Financial Inc.	COM	866796105	12,239,430	250,808	SH		SOLE		250,808	0	0
Truist Financial Corporation	COM	89832Q109	6,692,938	233,937	SH		SOLE		233,937	0	0
Eversource Energy	COM	30040W108	13,150,740	226,152	SH		SOLE		226,152	0	0
Amazon.com, Inc.	COM	023135106	28,665,560	225,500	SH		SOLE		225,500	0	0
American Electric Power Company, Inc.	COM	025537101	16,322,740	217,000	SH		SOLE		217,000	0	0
Intel Corporation	COM	458140100	7,657,044	215,388	SH		SOLE		215,388	0	0
Travelers Companies, Inc.	COM	89417E109	35,145,620	215,208	SH		SOLE		215,208	0	0
Altria Group, Inc.	COM	02209S103	8,941,428	212,638	SH		SOLE		212,638	0	0
PepsiCo, Inc.	COM	713448108	32,773,930	193,425	SH		SOLE		193,425	0	0
Coca-Cola Company	COM	191216100	9,645,354	172,300	SH		SOLE		172,300	0	0
Alphabet Inc. Class C	COM	02079K107	20,932,510	158,760	SH		SOLE		158,760	0	0
Waste Management, Inc.	COM	94106L109	22,746,490	149,216	SH		SOLE		149,216	0	0
RTX Corp.	COM	75513E101	9,657,654	134,190	SH		SOLE		134,190	0	0
Kimberly-Clark Corporation	COM	494368103	15,935,160	131,859	SH		SOLE		131,859	0	0
Edison International	COM	281020107	8,239,598	130,188	SH		SOLE		130,188	0	0
Allstate Corporation	COM	020002101	14,142,500	126,941	SH		SOLE		126,941	0	0
Franklin Resources, Inc.	COM	354613101	3,101,996	126,200	SH		SOLE		126,200	0	0
Invesco Ltd.	COM	G491BT108	1,832,322	126,193	SH		SOLE		126,193	0	0
V.F. Corporation	COM	918204108	2,063,450	116,777	SH		SOLE		116,777	0	0
Target Corporation	COM	87612E106	12,691,890	114,786	SH		SOLE		114,786	0	0
Yum! Brands, Inc.	COM	988498101	12,398,300	99,234	SH		SOLE		99,234	0	0
AbbVie, Inc.	COM	00287Y109	14,650,360	98,285	SH		SOLE		98,285	0	0
McDonald's Corporation	COM	580135101	25,290,500	96,001	SH		SOLE		96,001	0	0
Union Pacific Corporation	COM	907818108	19,008,450	93,348	SH		SOLE		93,348	0	0
NVIDIA Corporation	COM	67066G104	39,167,370	90,042	SH		SOLE		90,042	0	0
Ford Motor Company	COM	345370860	9,928,880	79,942	SH		SOLE		79,942	0	0
Microchip Technology Incorporated	COM	595017104	6,165,950	79,000	SH		SOLE		79,000	0	0
Home Depot, Inc.	COM	437076102	22,758,690	75,320	SH		SOLE		75,320	0	0
Meta Platforms Inc. Class A	COM	30303M102	22,056,430	73,470	SH		SOLE		73,470	0	0
T-Mobile US, Inc.	COM	872590104	10,226,450	73,020	SH		SOLE		73,020	0	0
Avery Dennison Corporation	COM	053611109	12,904,540	70,644	SH		SOLE		70,644	0	0
Bank of America Corp	COM	060505104	1,848,369	67,508	SH		SOLE		67,508	0	0
Mastercard Incorporated Class A	COM	57636Q104	23,705,510	59,876	SH		SOLE		59,876	0	0
UnitedHealth Group Incorporated	COM	91324P102	28,901,680	57,323	SH		SOLE		57,323	0	0
Advanced Micro Devices, Inc.	COM	007903107	5,615,308	54,613	SH		SOLE		54,613	0	0
Freeport-McMoRan, Inc.	COM	35671D857	1,982,224	53,157	SH		SOLE		53,157	0	0
HP Inc.	COM	40434L105	1,362,100	53,000	SH		SOLE		53,000	0	0
Viatris, Inc.	COM	92556V106	519,928	52,731	SH		SOLE		52,731	0	0
Newell Brands Inc	COM	651229106	451,500	50,000	SH		SOLE		50,000	0	0
APA Corporation	COM	03743Q108	1,972,923	48,003	SH		SOLE		48,003	0	0
Big Lots, Inc.	COM	089302103	238,126	46,600	SH		SOLE		46,600	0	0
Organon & Co.	COM	68622V106	712,923	41,067	SH		SOLE		41,067	0	0
JPMorgan Chase & Co.	COM	46625H100	5,337,316	36,804	SH		SOLE		36,804	0	0
Walgreens Boots Alliance, Inc.	COM	931427108	809,536	36,400	SH		SOLE		36,400	0	0
Southern Company	COM	842587107	1,941,600	30,000	SH		SOLE		30,000	0	0
Medtronic Plc	COM	G5960L103	2,327,370	29,701	SH		SOLE		29,701	0	0
Regions Financial Corporation	COM	7591EP100	509,378	29,615	SH		SOLE		29,615	0	0
MGM Resorts International	COM	552953101	1,075,965	29,270	SH		SOLE		29,270	0	0
Tesla, Inc.	COM	88160R101	6,813,240	27,229	SH		SOLE		27,229	0	0
Marathon Oil Corporation	COM	565849106	698,122	26,098	SH		SOLE		26,098	0	0
Carrier Global Corp.	COM	14448C104	1,423,553	25,789	SH		SOLE		25,789	0	0
Magnolia Oil & Gas Corp. Class A	COM	559663109	581,914	25,400	SH		SOLE		25,400	0	0
Immersion Corporation	COM	452521107	161,284	24,400	SH		SOLE		24,400	0	0
Baker Hughes Company Class A	COM	05722G100	844,572	23,912	SH		SOLE		23,912	0	0
News Corporation Class A	COM	65249B109	476,224	23,740	SH		SOLE		23,740	0	0
QUALCOMM Incorporated	COM	747525103	2,481,302	22,342	SH		SOLE		22,342	0	0
Leidos Holdings, Inc.	COM	525327102	2,007,337	21,781	SH		SOLE		21,781	0	0
Boston Scientific Corporation	COM	101137107	1,148,928	21,760	SH		SOLE		21,760	0	0
Schlumberger N.V.	COM	806857108	1,249,078	21,425	SH		SOLE		21,425	0	0
Lincoln National Corp	COM	534187109	512,021	20,738	SH		SOLE		20,738	0	0
Brady Corporation Class A	COM	104674106	1,109,384	20,200	SH		SOLE		20,200	0	0
Copart, Inc.	COM	217204106	817,504	18,972	SH		SOLE		18,972	0	0
Otis Worldwide Corporation	COM	68902V107	1,494,569	18,610	SH		SOLE		18,610	0	0
Gen Digital Inc.	COM	668771108	314,280	17,776	SH		SOLE		17,776	0	0
Morgan Stanley	COM	617446448	1,415,014	17,326	SH		SOLE		17,326	0	0
Netflix, Inc.	COM	64110L106	6,328,954	16,761	SH		SOLE		16,761	0	0
Western Digital Corporation	COM	958102105	730,080	16,000	SH		SOLE		16,000	0	0
Salesforce, Inc.	COM	79466L302	3,168,235	15,624	SH		SOLE		15,624	0	0
DXC Technology Co.	COM	23355L106	324,490	15,578	SH		SOLE		15,578	0	0
Chevron Corporation	COM	166764100	2,504,682	14,854	SH		SOLE		14,854	0	0
Walmart Inc.	COM	931142103	2,350,971	14,700	SH		SOLE		14,700	0	0
KeyCorp	COM	493267108	157,107	14,601	SH		SOLE		14,601	0	0
Halliburton Company	COM	406216101	559,548	13,816	SH		SOLE		13,816	0	0
Royal Caribbean Group	COM	V7780T103	1,217,538	13,214	SH		SOLE		13,214	0	0
PulteGroup, Inc.	COM	745867101	969,167	13,088	SH		SOLE		13,088	0	0
Norwegian Cruise Line Holdings Ltd.	COM	G66721104	209,428	12,708	SH		SOLE		12,708	0	0
Diamondback Energy, Inc.	COM	25278X109	1,860,574	12,013	SH		SOLE		12,013	0	0
Mosaic Company	COM	61945C103	414,135	11,633	SH		SOLE		11,633	0	0
News Corporation Class B	COM	65249B208	240,005	11,500	SH		SOLE		11,500	0	0
Lam Research Corporation	COM	512807108	6,824,898	10,889	SH		SOLE		10,889	0	0
Paramount Global Class B	COM	92556H206	134,522	10,428	SH		SOLE		10,428	0	0
Bath & Body Works, Inc.	COM	070830104	350,506	10,370	SH		SOLE		10,370	0	0
Fortinet, Inc.	COM	34959E109	607,925	10,360	SH		SOLE		10,360	0	0
Boeing Company	COM	097023105	1,924,084	10,038	SH		SOLE		10,038	0	0
Celanese Corporation	COM	150870103	1,255,200	10,000	SH		SOLE		10,000	0	0
Devon Energy Corporation	COM	25179M103	473,089	9,918	SH		SOLE		9,918	0	0
Kroger Co.	COM	501044101	434,075	9,700	SH		SOLE		9,700	0	0
Campbell Soup Company	COM	134429109	390,260	9,500	SH		SOLE		9,500	0	0
CTS Corporation	COM	126501105	390,686	9,360	SH		SOLE		9,360	0	0
Public Storage	COM	74460D109	2,379,586	9,030	SH		SOLE		9,030	0	0
Visa Inc. Class A	COM	92826C839	1,994,877	8,673	SH		SOLE		8,673	0	0
Lennar Corporation Class A	COM	526057104	969,555	8,639	SH		SOLE		8,639	0	0
Teradyne, Inc.	COM	880770102	853,910	8,500	SH		SOLE		8,500	0	0
CBRE Group, Inc. Class A	COM	12504L109	615,106	8,328	SH		SOLE		8,328	0	0
Adobe Incorporated	COM	00724F101	4,140,388	8,120	SH		SOLE		8,120	0	0
Webster Financial Corporation	COM	947890109	314,096	7,792	SH		SOLE		7,792	0	0
eBay Inc.	COM	278642103	334,202	7,580	SH		SOLE		7,580	0	0
Etsy, Inc.	COM	29786A106	486,158	7,528	SH		SOLE		7,528	0	0
Corteva Inc	COM	22052L104	378,584	7,400	SH		SOLE		7,400	0	0
Broadcom Inc.	COM	11135F101	6,109,746	7,356	SH		SOLE		7,356	0	0
TechnipFMC plc	COM	G87110105	145,675	7,162	SH		SOLE		7,162	0	0
Nucor Corporation	COM	670346105	1,097,577	7,020	SH		SOLE		7,020	0	0
Carnival Corporation	COM	143658300	95,134	6,934	SH		SOLE		6,934	0	0
Allison Transmission Holdings, Inc.	COM	01973R101	389,796	6,600	SH		SOLE		6,600	0	0
Marathon Petroleum Corporation	COM	56585A102	955,712	6,315	SH		SOLE		6,315	0	0
Gap, Inc.	COM	364760108	65,619	6,173	SH		SOLE		6,173	0	0
Marriott International, Inc. Class A	COM	571903202	1,207,468	6,143	SH		SOLE		6,143	0	0
Centene Corporation	COM	15135B101	422,510	6,134	SH		SOLE		6,134	0	0
Toll Brothers, Inc.	COM	889478103	436,364	5,900	SH		SOLE		5,900	0	0
Tecnoglass Inc.	COM	G87264100	194,464	5,900	SH		SOLE		5,900	0	0
Arista Networks, Inc.	COM	040413106	1,071,208	5,824	SH		SOLE		5,824	0	0
PayPal Holdings, Inc.	COM	70450Y103	336,788	5,761	SH		SOLE		5,761	0	0
Raymond James Financial, Inc.	COM	754730109	572,451	5,700	SH		SOLE		5,700	0	0
FirstCash Holdings, Inc.	COM	33768G107	552,090	5,500	SH		SOLE		5,500	0	0
Weyerhaeuser Company	COM	962166104	164,031	5,350	SH		SOLE		5,350	0	0
Align Technology, Inc.	COM	016255101	1,607,815	5,266	SH		SOLE		5,266	0	0
Academy Sports and Outdoors, Inc.	COM	00402L107	241,077	5,100	SH		SOLE		5,100	0	0
United Airlines Holdings, Inc.	COM	910047109	213,488	5,047	SH		SOLE		5,047	0	0
Dow, Inc.	COM	260557103	258,831	5,020	SH		SOLE		5,020	0	0
Hess Corporation	COM	42809H107	761,940	4,980	SH		SOLE		4,980	0	0
Kyndryl Holdings Incorporation	COM	50155Q100	72,601	4,808	SH		SOLE		4,808	0	0
Walt Disney Company	COM	254687106	383,448	4,731	SH		SOLE		4,731	0	0
Amdocs Limited	COM	G02602103	397,103	4,700	SH		SOLE		4,700	0	0
ConocoPhillips	COM	20825C104	552,278	4,610	SH		SOLE		4,610	0	0
Euronet Worldwide, Inc.	COM	298736109	365,148	4,600	SH		SOLE		4,600	0	0
LKQ Corporation	COM	501889208	214,675	4,336	SH		SOLE		4,336	0	0
General Electric Company	COM	369604301	469,064	4,243	SH		SOLE		4,243	0	0
Citigroup Inc.	COM	172967424	174,309	4,238	SH		SOLE		4,238	0	0
Atkore Inc	COM	047649108	626,598	4,200	SH		SOLE		4,200	0	0
Pioneer Natural Resources Company	COM	723787107	963,651	4,198	SH		SOLE		4,198	0	0
Johnson Controls International plc	COM	G51502105	207,998	3,909	SH		SOLE		3,909	0	0
Activision Blizzard, Inc.	COM	00507V109	365,906	3,908	SH		SOLE		3,908	0	0
Capri Holdings Limited	COM	G1890L107	203,864	3,875	SH		SOLE		3,875	0	0
Citizens Financial Group, Inc.	COM	174610105	103,448	3,860	SH		SOLE		3,860	0	0
State Street Corporation	COM	857477103	254,314	3,798	SH		SOLE		3,798	0	0
Western Alliance Bancorp	COM	957638109	166,411	3,620	SH		SOLE		3,620	0	0
Ingersoll Rand Inc.	COM	45687V106	226,971	3,562	SH		SOLE		3,562	0	0
FirstEnergy Corp.	COM	337932107	119,630	3,500	SH		SOLE		3,500	0	0
Victoria's Secret & Company	COM	926400102	57,646	3,456	SH		SOLE		3,456	0	0
Hershey Company	COM	427866108	680,472	3,401	SH		SOLE		3,401	0	0
Synchrony Financial	COM	87165B103	99,597	3,258	SH		SOLE		3,258	0	0
Albemarle Corporation	COM	012653101	550,420	3,237	SH		SOLE		3,237	0	0
UFP Industries, Inc.	COM	90278Q108	327,680	3,200	SH		SOLE		3,200	0	0
Goldman Sachs Group, Inc.	COM	38141G104	1,033,483	3,194	SH		SOLE		3,194	0	0
PVH Corp.	COM	693656100	242,460	3,169	SH		SOLE		3,169	0	0
TKO Group Holdings, Inc. Class A	COM	87256C101	260,586	3,100	SH		SOLE		3,100	0	0
FMC Corporation	COM	302491303	200,910	3,000	SH		SOLE		3,000	0	0
Insight Enterprises, Inc.	COM	45765U103	429,225	2,950	SH		SOLE		2,950	0	0
Warner Bros. Discovery, Inc. Series A	COM	934423104	30,842	2,840	SH		SOLE		2,840	0	0
Cigna Group	COM	125523100	807,004	2,821	SH		SOLE		2,821	0	0
Kimco Realty Corporation	COM	49446R109	47,458	2,698	SH		SOLE		2,698	0	0
Edwards Lifesciences Corporation	COM	28176E108	184,978	2,670	SH		SOLE		2,670	0	0
Discover Financial Services	COM	254709108	220,647	2,547	SH		SOLE		2,547	0	0
Cadence Design Systems, Inc.	COM	127387108	585,281	2,498	SH		SOLE		2,498	0	0
Quanta Services, Inc.	COM	74762E102	466,366	2,493	SH		SOLE		2,493	0	0
Micron Technology, Inc.	COM	595112103	167,422	2,461	SH		SOLE		2,461	0	0
Hilton Worldwide Holdings Inc	COM	43300A203	366,139	2,438	SH		SOLE		2,438	0	0
Masonite International Corp.	COM	575385109	214,406	2,300	SH		SOLE		2,300	0	0
Thermo Fisher Scientific Inc.	COM	883556102	1,162,166	2,296	SH		SOLE		2,296	0	0
ONEOK, Inc.	COM	682680103	140,688	2,218	SH		SOLE		2,218	0	0
Capital One Financial Corp	COM	14040H105	211,666	2,181	SH		SOLE		2,181	0	0
Comerica Incorporated	COM	200340107	90,579	2,180	SH		SOLE		2,180	0	0
DexCom, Inc.	COM	252131107	202,648	2,172	SH		SOLE		2,172	0	0
Qorvo, Inc.	COM	74736K101	206,215	2,160	SH		SOLE		2,160	0	0
Synopsys, Inc.	COM	871607107	942,265	2,053	SH		SOLE		2,053	0	0
International Business Machines Corporation	COM	459200101	286,212	2,040	SH		SOLE		2,040	0	0
Electronic Arts Inc.	COM	285512109	243,208	2,020	SH		SOLE		2,020	0	0
KLA Corporation	COM	482480100	899,432	1,961	SH		SOLE		1,961	0	0
CVS Health Corporation	COM	126650100	132,937	1,904	SH		SOLE		1,904	0	0
Live Nation Entertainment, Inc.	COM	538034109	153,375	1,847	SH		SOLE		1,847	0	0
Expedia Group, Inc.	COM	30212P303	189,340	1,837	SH		SOLE		1,837	0	0
O'Reilly Automotive, Inc.	COM	67103H107	1,635,948	1,800	SH		SOLE		1,800	0	0
Aptiv PLC	COM	G6095L109	177,265	1,798	SH		SOLE		1,798	0	0
Starbucks Corporation	COM	855244109	162,096	1,776	SH		SOLE		1,776	0	0
American Tower Corporation	COM	03027X100	290,090	1,764	SH		SOLE		1,764	0	0
Northrop Grumman Corp.	COM	666807102	748,323	1,700	SH		SOLE		1,700	0	0
United Rentals, Inc.	COM	911363109	744,210	1,674	SH		SOLE		1,674	0	0
Comcast Corporation Class A	COM	20030N101	72,851	1,643	SH		SOLE		1,643	0	0
Elevance Health, Inc.	COM	036752103	695,366	1,597	SH		SOLE		1,597	0	0
Analog Devices, Inc.	COM	032654105	274,366	1,567	SH		SOLE		1,567	0	0
SVB Financial Group	COM	78486Q101	132	1,470	SH		SOLE		1,470	0	0
Darden Restaurants, Inc.	COM	237194105	197,644	1,380	SH		SOLE		1,380	0	0
Antero Midstream Corp.	COM	03676B102	16,209	1,353	SH		SOLE		1,353	0	0
Berkshire Hathaway Inc. Class B	COM	084670702	471,504	1,346	SH		SOLE		1,346	0	0
Progressive Corporation	COM	743315103	175,100	1,257	SH		SOLE		1,257	0	0
ServiceNow, Inc.	COM	81762P102	697,023	1,247	SH		SOLE		1,247	0	0
Danaher Corporation	COM	235851102	298,960	1,205	SH		SOLE		1,205	0	0
Kinsale Capital Group, Inc.	COM	49714P108	496,956	1,200	SH		SOLE		1,200	0	0
Paycom Software, Inc.	COM	70432V102	294,790	1,137	SH		SOLE		1,137	0	0
Philip Morris International Inc.	COM	718172109	104,245	1,126	SH		SOLE		1,126	0	0
CBIZ, Inc.	COM	124805102	58,024	1,118	SH		SOLE		1,118	0	0
Flowserve Corporation	COM	34354P105	43,787	1,101	SH		SOLE		1,101	0	0
Chemed Corporation	COM	16359R103	571,670	1,100	SH		SOLE		1,100	0	0
Intuitive Surgical, Inc.	COM	46120E602	300,766	1,029	SH		SOLE		1,029	0	0
Uber Technologies, Inc.	COM	90353T100	45,990	1,000	SH		SOLE		1,000	0	0
Block, Inc. Class A	COM	852234103	44,260	1,000	SH		SOLE		1,000	0	0
Westinghouse Air Brake Technologies Corporation	COM	929740108	102,551	965	SH		SOLE		965	0	0
Prologis, Inc.	COM	74340W103	107,048	954	SH		SOLE		954	0	0
Lowe's Companies, Inc.	COM	548661107	187,680	903	SH		SOLE		903	0	0
Intercontinental Exchange, Inc.	COM	45866F104	99,128	901	SH		SOLE		901	0	0
Deckers Outdoor Corporation	COM	243537107	462,681	900	SH		SOLE		900	0	0
McKesson Corporation	COM	58155Q103	391,365	900	SH		SOLE		900	0	0
Vitru Ltd.	COM	G9440D103	15,479	880	SH		SOLE		880	0	0
Fiserv, Inc.	COM	337738108	95,338	844	SH		SOLE		844	0	0
Williams Companies, Inc.	COM	969457100	28,333	841	SH		SOLE		841	0	0
Chipotle Mexican Grill, Inc.	COM	169656105	1,432,491	782	SH		SOLE		782	0	0
Charles Schwab Corp	COM	808513105	42,877	781	SH		SOLE		781	0	0
Zimmer Biomet Holdings, Inc.	COM	98956P102	85,399	761	SH		SOLE		761	0	0
LPL Financial Holdings Inc.	COM	50212V100	180,614	760	SH		SOLE		760	0	0
HCA Healthcare Inc	COM	40412C101	181,533	738	SH		SOLE		738	0	0
Prudential Financial, Inc.	COM	744320102	67,087	707	SH		SOLE		707	0	0
Ventas, Inc.	COM	92276F100	29,702	705	SH		SOLE		705	0	0
Amphenol Corporation Class A	COM	032095101	58,793	700	SH		SOLE		700	0	0
Principal Financial Group, Inc.	COM	74251V102	50,449	700	SH		SOLE		700	0	0
Beyond Meat, Inc.	COM	08862E109	6,734	700	SH		SOLE		700	0	0
Global Payments Inc.	COM	37940X102	79,158	686	SH		SOLE		686	0	0
Sysco Corporation	COM	871829107	44,914	680	SH		SOLE		680	0	0
Green Dot Corporation Class A	COM	39304D102	9,096	653	SH		SOLE		653	0	0
Texas Instruments Incorporated	COM	882508104	103,516	651	SH		SOLE		651	0	0
MasTec, Inc.	COM	576323109	45,269	629	SH		SOLE		629	0	0
Simon Property Group, Inc.	COM	828806109	66,330	614	SH		SOLE		614	0	0
Wynn Resorts, Limited	COM	983134107	56,740	614	SH		SOLE		614	0	0
Stanley Black & Decker, Inc.	COM	854502101	50,817	608	SH		SOLE		608	0	0
Old Dominion Freight Line, Inc.	COM	679580100	237,710	581	SH		SOLE		581	0	0
Autodesk, Inc.	COM	052769106	118,766	574	SH		SOLE		574	0	0
Linde plc	COM	G54950103	210,005	564	SH		SOLE		564	0	0
Fortive Corp.	COM	34959J108	40,788	550	SH		SOLE		550	0	0
EOG Resources, Inc.	COM	26875P101	67,817	535	SH		SOLE		535	0	0
Wyndham Hotels & Resorts, Inc.	COM	98311A105	36,995	532	SH		SOLE		532	0	0
Travel and Leisure Co.	COM	894164102	19,540	532	SH		SOLE		532	0	0
SBA Communications Corp. Class A	COM	78410G104	103,288	516	SH		SOLE		516	0	0
S&P Global, Inc.	COM	78409V104	165,165	452	SH		SOLE		452	0	0
Moody's Corporation	COM	615369105	131,527	416	SH		SOLE		416	0	0
Becton, Dickinson and Company	COM	075887109	100,310	388	SH		SOLE		388	0	0
BlackRock, Inc.	COM	09247X101	148,693	230	SH		SOLE		230	0	0
Humana Inc.	COM	444859102	184,878	380	SH		SOLE		380	0	0
Samsung Electronics Co., Ltd. Sponsored GDR	ADR	796050888	1,013,784	800	SH		SOLE		800	0	0
Vanguard Value ETF	ETF	922908744	123,429,200	894,868	SH		SOLE		894,868	0	0
Vanguard Short-Term Inflation-Protected Securities ETF	ETF	922020805	23,403,600	495,000	SH		SOLE		495,000	0	0
Vanguard Dividend Appreciation ETF	ETF	921908844	54,849,140	353,000	SH		SOLE		353,000	0	0
Invesco S&P Smallcap 600 Pure Value ETF	ETF	46137V167	27,916,770	306,488	SH		SOLE		306,488	0	0
Financial Select Sector SPDR Fund	ETF	81369Y605	8,239,760	248,410	SH		SOLE		248,410	0	0
SPDR Portfolio S&P 500 High Dividend ETF	ETF	78468R788	5,176,367	147,601	SH		SOLE		147,601	0	0
Vanguard Growth ETF	ETF	922908736	35,583,290	130,672	SH		SOLE		130,672	0	0
Vanguard Information Technology ETF	ETF	92204A702	34,146,270	82,300	SH		SOLE		82,300	0	0
iShares Core U.S. Aggregate Bond ETF	ETF	464287226	6,770,880	72,000	SH		SOLE		72,000	0	0
SPDR S&P 500 ETF Trust	ETF	78462F103	10,759,670	25,170	SH		SOLE		25,170	0	0
Vanguard FTSE Emerging Markets ETF	ETF	922042858	396,609	10,115	SH		SOLE		10,115	0	0
SPDR S&P Dividend ETF	ETF	78464A763	552,048	4,800	SH		SOLE		4,800	0	0
Invesco QQQ Trust Series I	ETF	46090E103	1,121,385	3,130	SH		SOLE		3,130	0	0
ETFMG Alternative Harvest ETFMG Alternative Harvest	ETF	26924G508	9,855	2,700	SH		SOLE		2,700	0	0
iShares Europe ETF	ETF	464287861	76,368	1,600	SH		SOLE		1,600	0	0
Vanguard High Dividend Yield Index ETF	ETF	921946406	118,818	1,150	SH		SOLE		1,150	0	0
Global X Lithium & Battery Tech ETF	ETF	37954Y855	55,170	1,000	SH		SOLE		1,000	0	0
Vanguard FTSE Europe ETF	ETF	922042874	46,344	800	SH		SOLE		800	0	0
SPDR S&P Emerging Markets Dividend ETF	ETF	78463X533	22,332	750	SH		SOLE		750	0	0
iShares Core S&P 500 ETF	ETF	464287200	233,610	544	SH		SOLE		544	0	0
SPDR S&P Midcap 400 ETF Trust	ETF	78467Y107	136,992	300	SH		SOLE		300	0	0
Unilever PLC Sponsored ADR	ADR	904767704	7,305,322	147,881	SH		SOLE		147,881	0	0
United Microelectronics Corp. Sponsored ADR	ADR	910873405	295,108	41,800	SH		SOLE		41,800	0	0
HSBC Holdings PLC Sponsored ADR	ADR	404280406	907,580	23,000	SH		SOLE		23,000	0	0
Sk Telecom Co Ltd Sponsored ADR	ADR	78440P306	427,054	19,900	SH		SOLE		19,900	0	0
CSPC Pharmaceutical Group Limited Unsponsored ADR	ADR	12591J207	56,001	19,100	SH		SOLE		19,100	0	0
Companhia Energetica de Minas Gerais SA Sponsored ADR	ADR	204409882	55,300	14,000	SH		SOLE		14,000	0	0
BB Seguridade Participacoes SA Sponsored ADR	ADR	05541J103	86,875	13,900	SH		SOLE		13,900	0	0
ICICI Bank Limited Sponsored ADR	ADR	45104G104	261,256	11,300	SH		SOLE		11,300	0	0
Gerdau S.A. Pfd Sponsored ADR Repr 1 Pfd Sh	ADR	373737105	46,078	9,660	SH		SOLE		9,660	0	0
Alibaba Group Holding Limited Sponsored ADR	ADR	01609W102	615,854	7,100	SH		SOLE		7,100	0	0
DRDGOLD Limited Sponsored ADR	ADR	26152H301	53,120	6,400	SH		SOLE		6,400	0	0
AUO Corporation Sponsored ADR	ADR	002255404	29,027	5,713	SH		SOLE		5,713	0	0
ChipMOS TECHNOLOGIES INC Sponsored ADR	ADR	16965P202	131,616	5,710	SH		SOLE		5,710	0	0
ORIX Corporation Sponsored ADR	ADR	686330101	465,833	4,962	SH		SOLE		4,962	0	0
Dr. Reddy's Laboratories Ltd. Sponsored ADR	ADR	256135203	327,663	4,900	SH		SOLE		4,900	0	0
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR	ADR	874039100	382,360	4,400	SH		SOLE		4,400	0	0
Vale S.A. Sponsored ADR	ADR	91912E105	31,034	2,316	SH		SOLE		2,316	0	0
Coca-Cola FEMSA SAB de CV Sponsored ADR Class L	ADR	191241108	149,036	1,900	SH		SOLE		1,900	0	0
Technip Energies NV Sponsored ADR	ADR	87854Y109	35,736	1,432	SH		SOLE		1,432	0	0
Fomento Economico Mexicano SAB de CV Sponsored ADR Class B	ADR	344419106	147,353	1,350	SH		SOLE		1,350	0	0
Grupo Simec SAB de CV Sponsored ADR Class B	ADR	400491106	35,927	1,114	SH		SOLE		1,114	0	0
PT Bank Central Asia Tbk Unsponsored ADR	ADR	69368G105	15,703	1,100	SH		SOLE		1,100	0	0
Oil company LUKOIL PJSC Sponsored ADR	ADR	69343P105	6,563	943	SH		SOLE		943	0	0
PDD Holdings Inc. Sponsored ADR Class A	ADR	722304102	68,649	700	SH		SOLE		700	0	0