BAM

BTS Asset Management Portfolio holdings

AUM $88.6M

AUM

$88.6M

AUM Growth

-$11.5M (-12%)

Cap. Flow

-$2.57M

Cap. Flow % of AUM

-2.91%

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	iShares Broad USD High Yield Corporate Bond ETF USHY	$918K
4	SPDR Portfolio High Yield Bond ETF SPHY	$795K
5	iShares Floating Rate Bond ETF FLOT	$491K

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
26	26 Omnicom Group OMC $15.2B	$227K	0.26%	2,739	New	+$227K
27	27 NVIDIA NVDA $3.28T	$224K	0.25%	2,068 +180	+10%	+$19.5K
28	28 Meta Platforms (Facebook) META $1.6T	$224K	0.25%	405 -177	-30%	-$97.9K
29	29 Lockheed Martin LMT $111B	$220K	0.25%	492 -10	-2%	-$4.47K
30	30 Erie Indemnity ERIE $18.8B	$219K	0.25%	522	New	+$219K
31	31 Chevron CVX $238B	$218K	0.25%	1,303	New	+$218K
32	32 Snap-on SNA $17.1B	$218K	0.25%	646 -3	-0.5%	-$1.01K
33	33 Hormel Foods HRL $16.6B	$218K	0.25%	7,036 -9,892	-58%	-$306K
34	34 Vanguard Small-Cap Value ETF VBR $29.3B	$204K	0.23%	1,095	New	+$204K
35	35 Vanguard Total Bond Market BND $126B	$201K	0.23%	2,738 -3,054	-53%	-$224K
36	36 Alerian MLP ETF AMLP $10.3B	$0	0%	0 -6,578	Closed	–
37	37 Cisco CSCO $252B	$0	0%	0 -5,486	Closed	–
38	38 SPDR Dow Jones Industrial Average ETF Trust DIA $38.5B	$0	0%	0 -2,922	Closed	–
39	39 Alphabet (Google) Class A GOOGL $1.99T	$0	0%	0 -2,561	Closed	–
40	40 Hershey HSY $40B	$0	0%	0 -1,833	Closed	–
41	41 iShares iBoxx $ High Yield Corporate Bond ETF HYG $15.5B	$0	0%	0 -13,837	Closed	–
42	42 SPDR Bloomberg International Corporate Bond ETF IBND $297M	$0	0%	0 -16,665	Closed	–
43	43 Janus Henderson B-BBB CLO ETF JBBB $1.3B	$0	0%	0 -6,447	Closed	–
44	44 ProShares S&P 500 Dividend Aristocrats ETF NOBL $12.1B	$0	0%	0 -3,174	Closed	–
45	45 Nucor NUE $27B	$0	0%	0 -2,187	Closed	–
46	46 NYLI Hedge Multi-Strategy Tracker ETF QAI $579M	$0	0%	0 -15,775	Closed	–
47	47 Roivant Sciences ROIV $7.88B	$0	0%	0 -38,712	Closed	–
48	48 Reliance Steel & Aluminium RS $15.7B	$0	0%	0 -2,625	Closed	–
49	49 ALPS Sector Dividend Dogs ETF SDOG $1.2B	$0	0%	0 -5,603	Closed	–
50	50 SEI Investments SEIC $10.5B	$0	0%	0 -3,073	Closed	–