AAS

Annex Advisory Services Portfolio holdings

AUM $4.15B

This Quarter Return

+0.27%

1 Year Return

+23.28%

3 Year Return

+70.23%

5 Year Return

+110.83%

10 Year Return

+224.1%

AUM

$3.53B

AUM Growth

+$208M (+6%)

Cap. Flow

+$236M

Cap. Flow % of AUM

6.69%

Top 10 Holdings %Top 10 Hldgs %

39.71%

Holding

335

New

Increased

124

Reduced

126

Closed

Top Buys

1	Janus Henderson AAA CLO ETF JAAA	$174M
2	GFLW VictoryShares Free Cash Flow Growth ETF GFLW	$112M
3	iShares Global 100 ETF IOO	$105M
4	MFSI MFS Active International ETF MFSI	$56M
5	Harbor International Compounders ETF OSEA	$53.5M

Top Sells

1	JPMorgan US Quality Factor ETF JQUA	$132M
2	Avantis US Equity ETF AVUS	$115M
3	iShares AAA-A Rated Corporate Bond ETF QLTA	$114M
4	Avantis International Equity ETF AVDE	$75.9M
5	Applovin APP	$44.3M

Sector Composition

1	Technology	12.85%
2	Financials	6.73%
3	Consumer Discretionary	6.54%
4	Healthcare	4.87%
5	Communication Services	4.28%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Avantis International Equity ETF AVDE $7.44B	$251M	7.12%	3,790,021 -1,145,191	-23%	-$75.9M
2	2 Avantis US Equity ETF AVUS $8.82B	$214M	6.07%	2,319,087 -1,244,485	-35%	-$115M
3	3 Janus Henderson AAA CLO ETF JAAA $22.2B	$174M	4.94%	3,437,851 +3,424,169	+25,027%	+$174M
4	4 Vanguard Long-Term Treasury ETF VGLT $9.52B	$156M	4.43%	2,712,844 +116,910	+5%	+$6.74M
5	GFLW 5 VictoryShares Free Cash Flow Growth ETF GFLW $533M	$112M	3.18%	+5,170,160	New	+$112M
6	6 Avantis Emerging Markets Equity ETF AVEM $11B	$109M	3.08%	1,807,879 -276,082	-13%	-$16.6M
7	7 iShares Global 100 ETF IOO $6.72B	$105M	2.96%	+1,085,956	New	+$105M
8	8 Invesco S&P MidCap Quality ETF XMHQ $4.91B	$102M	2.88%	1,109,163 +56,559	+5%	+$5.18M
9	9 ALPS Smith Core Plus Bond ETF SMTH $1.9B	$90.5M	2.57%	3,496,658 +529,888	+18%	+$13.7M
10	10 Apple AAPL $3.12T	$87M	2.47%	391,808 +48,783	+14%	+$10.8M
11	11 Victory Portfolios II VictoryShares Core Plus Intermediate Bond ETF UBND $1.02B	$84.4M	2.39%	3,871,944 +941,798	+32%	+$20.5M
12	12 VictoryShares Free Cash Flow ETF VFLO $4.35B	$80.2M	2.27%	2,338,656 -297,804	-11%	-$10.2M
13	13 Meta Platforms (Facebook) META $1.79T	$67.5M	1.91%	117,040 +33,445	+40%	+$19.3M
14	14 Amazon AMZN $2.4T	$64.4M	1.83%	338,455 +89,294	+36%	+$17M
15	15 Visa V $678B	$64.1M	1.82%	182,935 +4,991	+3%	+$1.75M
16	16 NVIDIA NVDA $4.16T	$59M	1.67%	544,031 +31,046	+6%	+$3.36M
17	MFSI 17 MFS Active International ETF MFSI $310M	$56M	1.59%	+2,176,084	New	+$56M
18	18 Harbor International Compounders ETF OSEA $477M	$55.3M	1.57%	2,084,963 +2,017,027	+2,969%	+$53.5M
19	19 O'Reilly Automotive ORLY $78B	$55.1M	1.56%	38,471 +4,444	+13%	+$6.37M
20	20 TKO Group TKO $13.8B	$49.6M	1.41%	324,632 +42,238	+15%	+$6.45M
21	21 GMO US Quality ETF QLTY $2.17B	$40.9M	1.16%	1,309,663 +12,354	+1%	+$386K
22	22 Microsoft MSFT $3.76T	$40.8M	1.16%	108,771 -189	-0.2%	-$70.9K
23	23 Nutanix NTNX $19.9B	$37.3M	1.06%	+534,221	New	+$37.3M
24	24 Linde LIN $217B	$35.4M	1%	75,941 +7,655	+11%	+$3.56M
25	25 Vanguard Total Stock Market ETF VTI $502B	$34.9M	0.99%	127,010 -5,239	-4%	-$1.44M