BFA

Brown Financial Advisory Portfolio holdings

AUM $159M

This Quarter Return

-2.82%

1 Year Return

+5.59%

3 Year Return

+14.95%

5 Year Return

–

10 Year Return

–

AUM

$159M

AUM Growth

+$18.2M (+13%)

Cap. Flow

+$22.1M

Cap. Flow % of AUM

13.93%

Top 10 Holdings %Top 10 Hldgs %

87.69%

Holding

New

Increased

Reduced

Closed

Top Buys

1	DEXC Dimensional Emerging Markets ex China Core Equity ETF DEXC	$16M
2	Vanguard Small-Cap ETF VB	$3.67M
3	SPDR Portfolio S&P 500 ETF SPLG	$3.45M
4	Vanguard High Dividend Yield ETF VYM	$828K
5	Fidelity Total Bond ETF FBND	$625K

Top Sells

1	SPDR Portfolio Emerging Markets ETF SPEM	$3.62M
2	Avantis Emerging Markets Equity ETF AVEM	$2.46M
3	Dimensional US Real Estate ETF DFAR	$1.8M
4	iShares Russell 1000 ETF IWB	$759K
5	Vanguard FTSE Emerging Markets ETF VWO	$276K

Sector Composition

1	Financials	1.74%
2	Technology	1.23%
3	Healthcare	0.55%
4	Materials	0.5%
5	Consumer Discretionary	0.33%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 SPDR Portfolio S&P 500 ETF SPLG $78.3B	$63.4M	39.57%	963,502 +52,414	+6%	+$3.45M
2	2 Vanguard Small-Cap ETF VB $65.9B	$22.3M	13.92%	100,508 +16,572	+20%	+$3.67M
3	DEXC 3 Dimensional Emerging Markets ex China Core Equity ETF DEXC $198M	$16M	9.96%	+334,602	New	+$16M
4	4 Dimensional US Real Estate ETF DFAR $1.39B	$11.1M	6.94%	467,625 -75,570	-14%	-$1.8M
5	5 iShares Russell 1000 ETF IWB $42.1B	$9.05M	5.65%	29,504 -2,475	-8%	-$759K
6	6 SPDR Portfolio Developed World ex-US ETF SPDW $27.6B	$8.45M	5.27%	231,973 +12,513	+6%	+$456K
7	7 Vanguard Russell 1000 ETF VONE $6.55B	$3.05M	1.9%	11,997 -97	-0.8%	-$24.6K
8	8 Berkshire Hathaway Class B BRK.B $1.04T	$2.22M	1.39%	4,177 +243	+6%	+$129K
9	9 SPDR Portfolio Emerging Markets ETF SPEM $12.6B	$1.87M	1.17%	47,452 -92,049	-66%	-$3.62M
10	10 iShares Russell 1000 Growth ETF IWF $115B	$1.72M	1.08%	4,771 +1,080	+29%	+$390K
11	11 Avantis International Equity ETF AVDE $7.73B	$1.7M	1.06%	25,603 -2,475	-9%	-$164K
12	12 iShares Core S&P 500 ETF IVV $645B	$1.36M	0.85%	2,416 -28	-1%	-$15.7K
13	13 iShares Russell 1000 Value ETF IWD $63.5B	$963K	0.6%	5,117	–	–
14	14 SPDR Portfolio High Yield Bond ETF SPHY $8.87B	$924K	0.58%	39,448 +779	+2%	+$18.2K
15	15 Apple AAPL $3.19T	$837K	0.52%	3,770 +1,972	+110%	+$438K
16	16 Vanguard High Dividend Yield ETF VYM $62.6B	$828K	0.52%	+6,419	New	+$828K
17	17 Microsoft MSFT $3.82T	$810K	0.51%	2,159 +1,511	+233%	+$567K
18	18 Sensient Technologies SXT $4.81B	$787K	0.49%	10,579	–	–
19	19 Vanguard Total Stock Market ETF VTI $514B	$643K	0.4%	2,339 -5	-0.2%	-$1.37K
20	20 AbbVie ABBV $336B	$639K	0.4%	3,051 +1,131	+59%	+$237K
21	21 Fidelity Total Bond ETF FBND $19.5B	$625K	0.39%	+13,702	New	+$625K
22	22 iShares MSCI USA Min Vol Factor ETF USMV $23.8B	$584K	0.36%	+6,235	New	+$584K
23	23 SPDR Portfolio S&P 600 Small Cap ETF SPSM $11.8B	$550K	0.34%	13,495	–	–
24	24 Vanguard Real Estate ETF VNQ $34.4B	$469K	0.29%	5,178 -110	-2%	-$9.96K
25	25 iShares Core US REIT ETF USRT $3.01B	$445K	0.28%	7,720 -1,136	-13%	-$65.4K