BAM

BTS Asset Management Portfolio holdings

AUM $88.6M

This Quarter Return

+0.77%

1 Year Return

+1.81%

3 Year Return

+2.46%

5 Year Return

–

10 Year Return

–

AUM

$88.6M

AUM Growth

-$11.5M (-12%)

Cap. Flow

-$11.5M

Cap. Flow % of AUM

-13%

Top 10 Holdings %Top 10 Hldgs %

91.45%

Holding

New

Increased

Reduced

Closed

Top Buys

1	iShares 7-10 Year Treasury Bond ETF IEF	$15.2M
2	SPDR Blackstone Senior Loan ETF SRLN	$617K
3	Janus Henderson AAA CLO ETF JAAA	$463K
4	iShares TIPS Bond ETF TIP	$463K
5	iShares Treasury Floating Rate Bond ETF TFLO	$461K

Top Sells

1	Xtrackers USD High Yield Corporate Bond ETF HYLB	$19.7M
2	SPDR Bloomberg High Yield Bond ETF JNK	$1.78M
3	SPDR Dow Jones Industrial Average ETF Trust DIA	$1.24M
4	iShares iBoxx $ High Yield Corporate Bond ETF HYG	$1.09M
5	iShares Broad USD High Yield Corporate Bond ETF USHY	$918K

Sector Composition

1	Financials	1.27%
2	Consumer Staples	1.01%
3	Communication Services	0.93%
4	Energy	0.58%
5	Industrials	0.49%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Xtrackers USD High Yield Corporate Bond ETF HYLB $3.91B	$38.4M	43.4%	1,063,231 -545,478	-34%	-$19.7M
2	2 SPDR Bloomberg High Yield Bond ETF JNK $7.97B	$15.6M	17.66%	164,144 -18,680	-10%	-$1.78M
3	3 iShares 7-10 Year Treasury Bond ETF IEF $34.5B	$15.2M	17.14%	+159,620	New	+$15.2M
4	4 iShares Broad USD High Yield Corporate Bond ETF USHY $23.9B	$7.91M	8.94%	215,004 -24,939	-10%	-$918K
5	5 iShares Treasury Floating Rate Bond ETF TFLO $6.74B	$953K	1.08%	18,274 +8,851	+94%	+$461K
6	6 Vanguard Dividend Appreciation ETF VIG $92.1B	$719K	0.81%	3,705 +632	+21%	+$123K
7	7 SPDR Blackstone Senior Loan ETF SRLN $7.01B	$617K	0.7%	+15,010	New	+$617K
8	8 JPMorgan Nasdaq Equity Premium Income ETF JEPQ $28.1B	$537K	0.61%	10,375 -243	-2%	-$12.6K
9	9 JPMorgan Equity Premium Income ETF JEPI $40.8B	$536K	0.61%	9,388 -1,045	-10%	-$59.7K
10	10 Janus Henderson AAA CLO ETF JAAA $22.2B	$463K	0.52%	+9,134	New	+$463K
11	11 iShares Floating Rate Bond ETF FLOT $8.92B	$463K	0.52%	9,067 -9,627	-52%	-$491K
12	12 iShares TIPS Bond ETF TIP $13.7B	$463K	0.52%	+4,165	New	+$463K
13	13 Chubb CB $112B	$453K	0.51%	+1,500	New	+$453K
14	14 RenaissanceRe RNR $11.7B	$450K	0.51%	+1,873	New	+$450K
15	15 Vanguard Utilities ETF VPU $7.06B	$393K	0.44%	+1,931	New	+$393K
16	16 Comcast CMCSA $134B	$372K	0.42%	10,085 +4,112	+69%	+$152K
17	17 Altria Group MO $98.5B	$341K	0.39%	+5,685	New	+$341K
18	18 Coca-Cola Consolidated COKE $9.93B	$335K	0.38%	+248	New	+$335K
19	19 ProShares MSCI Europe Dividend Growers ETF EUDV $9.28M	$310K	0.35%	+6,285	New	+$310K
20	20 Invesco CEF Income Composite ETF PCEF $820M	$309K	0.35%	+16,416	New	+$309K
21	21 SPDR Portfolio High Yield Bond ETF SPHY $8.71B	$309K	0.35%	13,180 -33,929	-72%	-$795K
22	22 Invesco Senior Loan ETF BKLN $7.04B	$308K	0.35%	+14,897	New	+$308K
23	23 Energy Select Sector SPDR Fund XLE $27.7B	$308K	0.35%	+3,294	New	+$308K
24	24 SPDR Gold Trust GLD $101B	$299K	0.34%	1,036 -31	-3%	-$8.94K
25	25 Exxon Mobil XOM $487B	$291K	0.33%	+2,450	New	+$291K