AFAM Capital Portfolio holdings

AUM $718M

1-Year Return 12.1%

2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+0.52%

1 Year Return

+12.1%

3 Year Return

+52.07%

5 Year Return

+58.17%

10 Year Return

–

AUM

$721M

AUM Growth

–

Cap. Flow

+$721M

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

27.62%

Holding

140

New

140

Increased

–

Reduced

–

Closed

–

Top Buys

1	iShares Floating Rate Bond ETF FLOT	$27.9M
2	iShares MBS ETF MBB	$27.5M
3	Vanguard Intermediate-Term Corporate Bond ETF VCIT	$25.7M
4	PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund HYS	$25.1M
5	Vanguard Short-Term Bond ETF BSV	$20.6M

Top Sells

No sells this quarter

Sector Composition

1	Technology	12.66%
2	Industrials	12.23%
3	Financials	9.7%
4	Healthcare	5.9%
5	Energy	5.46%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
51	51 Royal Caribbean RCL $97.8B	$5.37M	0.74%	+160,917	New	+$5.37M
52	52 Apple AAPL $3.56T	$5.32M	0.74%	+375,312	New	+$5.32M
53	MRO 53 DELISTED Marathon Oil Corporation MRO	$5.31M	0.74%	+153,677	New	+$5.31M
54	54 Ericsson ERIC $26.5B	$5.19M	0.72%	+459,993	New	+$5.19M
55	55 Deere & Co DE $128B	$5.18M	0.72%	+63,756	New	+$5.18M
56	56 Celanese CE $5.08B	$5.13M	0.71%	+114,479	New	+$5.13M
57	57 Walmart WMT $805B	$5.13M	0.71%	+206,574	New	+$5.13M
58	58 Benchmark Electronics BHE $1.45B	$5.09M	0.71%	+253,383	New	+$5.09M
59	59 General Dynamics GD $86.7B	$5.02M	0.7%	+64,140	New	+$5.02M
60	60 Caterpillar CAT $197B	$4.93M	0.68%	+59,707	New	+$4.93M
61	61 Truist Financial TFC $60.7B	$4.86M	0.67%	+143,358	New	+$4.86M
62	STJ 62 DELISTED St Jude Medical STJ	$4.85M	0.67%	+106,386	New	+$4.85M
63	ATVI 63 DELISTED Activision Blizzard Inc. ATVI	$4.8M	0.67%	+336,409	New	+$4.8M
64	64 Corning GLW $59.7B	$4.67M	0.65%	+328,489	New	+$4.67M
65	65 Wells Fargo WFC $262B	$4.66M	0.65%	+112,946	New	+$4.66M
66	PT 66 DELISTED PORTUGAL TELECOM SGPS, S.A. PT	$4.63M	0.64%	+1,178,578	New	+$4.63M
67	67 Titan International TWI $560M	$4.56M	0.63%	+270,355	New	+$4.56M
68	68 Bank of New York Mellon BK $74.4B	$4.47M	0.62%	+159,326	New	+$4.47M
69	UNTD 69 DELISTED UNITED ONLINE INC COM NEW UNTD	$4.39M	0.61%	+82,807	New	+$4.39M
70	ACET 70 DELISTED Aceto Corp ACET	$4.39M	0.61%	+315,201	New	+$4.39M
71	71 Kohl's KSS $1.84B	$4.39M	0.61%	+86,815	New	+$4.39M
72	72 NVIDIA NVDA $4.18T	$4.38M	0.61%	+12,467,240	New	+$4.38M
73	73 Capital One COF $145B	$4.31M	0.6%	+68,638	New	+$4.31M
74	BHI 74 DELISTED Baker Hughes BHI	$4.21M	0.58%	+91,277	New	+$4.21M
75	75 APA Corp APA $8.39B	$4.21M	0.58%	+50,196	New	+$4.21M