AIC

Argus Investors Counsel Portfolio holdings

AUM $141M

This Quarter Return

-2.91%

1 Year Return

+24.01%

3 Year Return

+103.01%

5 Year Return

+160.47%

10 Year Return

+334.88%

AUM

$131M

AUM Growth

-$18.5M (-12%)

Cap. Flow

-$13.3M

Cap. Flow % of AUM

-10.14%

Top 10 Holdings %Top 10 Hldgs %

29.41%

Holding

120

New

Increased

Reduced

Closed

Top Buys

1	Targa Resources TRGP	$1.63M
2	UnitedHealth UNH	$1.56M
3	ServiceNow NOW	$1.22M
4	PayPal PYPL	$1.11M
5	Royal Caribbean RCL	$920K

Top Sells

1	McKesson MCK	$1.81M
2	Old Dominion Freight Line ODFL	$1.8M
3	Microchip Technology MCHP	$1.39M
4	Regeneron Pharmaceuticals REGN	$1.3M
5	Chevron CVX	$1.12M

Sector Composition

1	Technology	21.81%
2	Financials	19.33%
3	Healthcare	14.44%
4	Industrials	12.13%
5	Communication Services	7.29%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
51	51 Nucor NUE $32.5B	$678K	0.52%	5,636 +330	+6%	+$39.7K
52	52 McDonald's MCD $212B	$677K	0.52%	2,168 -900	-29%	-$281K
53	53 Cintas CTAS $89.4B	$675K	0.51%	3,283 -94	-3%	-$19.3K
54	54 American Tower AMT $105B	$669K	0.51%	3,075 -1,400	-31%	-$305K
55	55 Old Dominion Freight Line ODFL $34.3B	$659K	0.5%	3,984 -10,908	-73%	-$1.8M
56	56 BondBloxx Bloomberg Six Month Target Duration US Treasury ETF XHLF $1.73B	$637K	0.48%	12,641 +600	+5%	+$30.2K
57	57 US Bancorp USB $71.2B	$630K	0.48%	14,933 -5,900	-28%	-$249K
58	58 International Paper IP $26.6B	$629K	0.48%	11,790 -4,800	-29%	-$256K
59	59 iShares 3-7 Year Treasury Bond ETF IEI $15.6B	$622K	0.47%	5,267	–	–
60	60 Air Products & Chemicals APD $65.7B	$619K	0.47%	2,100 -800	-28%	-$236K
61	61 Cisco CSCO $269B	$616K	0.47%	9,985 -4,600	-32%	-$284K
62	62 General Dynamics GD $80.2B	$614K	0.47%	2,251 -1,000	-31%	-$273K
63	63 Bank of New York Mellon BK $69.7B	$613K	0.47%	7,310 -292	-4%	-$24.5K
64	64 Illinois Tool Works ITW $74.9B	$607K	0.46%	2,447 -1,010	-29%	-$250K
65	65 Vanguard Short-Term Bond ETF BSV $38.2B	$596K	0.45%	7,618 +140	+2%	+$11K
66	66 Morgan Stanley MS $225B	$595K	0.45%	5,100 -2,000	-28%	-$233K
67	67 Caterpillar CAT $195B	$576K	0.44%	1,745 -800	-31%	-$264K
68	68 Texas Instruments TXN $197B	$572K	0.44%	3,184 -1,500	-32%	-$270K
69	69 NextEra Energy, Inc. NEE $156B	$570K	0.43%	8,045 -3,900	-33%	-$276K
70	70 Walt Disney DIS $218B	$566K	0.43%	5,735 -2,600	-31%	-$257K
71	71 BondBloxx Bloomberg One Year Target Duration US Treasury ETF XONE $630M	$565K	0.43%	11,356 +490	+5%	+$24.4K
72	72 Marriott International Class A Common Stock MAR $74.7B	$561K	0.43%	2,355 -1,684	-42%	-$401K
73	73 Vanguard Intermediate-Term Corporate Bond ETF VCIT $54.3B	$560K	0.43%	6,854 +107	+2%	+$8.75K
74	74 PepsiCo PEP $196B	$557K	0.42%	3,714 -1,530	-29%	-$229K
75	75 iShares Floating Rate Bond ETF FLOT $8.93B	$550K	0.42%	10,775 +98	+0.9%	+$5K