Courier Capital Portfolio holdings

AUM $1.53B

This Quarter Return

-0.99%

1 Year Return

+7.93%

3 Year Return

+22.18%

5 Year Return

+111.33%

10 Year Return

+160.04%

AUM

$1.53B

AUM Growth

+$78.5M (+5%)

Cap. Flow

+$104M

Cap. Flow % of AUM

6.78%

Top 10 Holdings %Top 10 Hldgs %

30.33%

Holding

387

New

Increased

166

Reduced

122

Closed

Top Buys

1	iShares MBS ETF MBB	$10M
2	iShares Core MSCI EAFE ETF IEFA	$10M
3	iShares Core High Dividend ETF HDV	$7.43M
4	Berkshire Hathaway Class A BRK.A	$7.19M
5	iShares 3-7 Year Treasury Bond ETF IEI	$6.36M

Top Sells

1	Thermo Fisher Scientific TMO	$6.78M
2	Invesco Variable Rate Investment Grade ETF VRIG	$6.24M
3	Vanguard Short-Term Treasury ETF VGSH	$4.65M
4	iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB	$2.74M
5	SPDR Bloomberg 3-12 Month T-Bill ETF BILS	$2.53M

Sector Composition

1	Technology	9.89%
2	Financials	7.33%
3	Healthcare	4.09%
4	Consumer Staples	3.1%
5	Industrials	3.06%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares S&P 500 Growth ETF IVW $61.8B	$95.4M	6.24%	1,027,464 -1,041	-0.1%	-$96.6K
2	2 iShares Core S&P 500 ETF IVV $634B	$70.1M	4.59%	124,718 +3,251	+3%	+$1.83M
3	3 Apple AAPL $3.15T	$60.9M	3.99%	274,341 -3,544	-1%	-$787K
4	4 iShares S&P 500 Value ETF IVE $39.5B	$56.7M	3.71%	297,613 +5,412	+2%	+$1.03M
5	5 SPDR Portfolio S&P 500 Growth ETF SPYG $38.7B	$37.2M	2.44%	463,097 +52,683	+13%	+$4.23M
6	6 SPDR Portfolio S&P 500 Value ETF SPYV $26.9B	$31.2M	2.04%	610,727 +93,518	+18%	+$4.78M
7	7 Microsoft MSFT $3.79T	$30.8M	2.01%	81,977 +1,298	+2%	+$487K
8	8 iShares S&P Mid-Cap 400 Value ETF IJJ $7.85B	$28.5M	1.86%	237,682 +545	+0.2%	+$65.3K
9	9 iShares Core S&P Mid-Cap ETF IJH $97.2B	$26.4M	1.73%	453,027 +92,940	+26%	+$5.42M
10	10 Invesco S&P 500 Equal Weight ETF RSP $73.9B	$26.3M	1.72%	151,962 +3,040	+2%	+$527K
11	11 Vanguard Value ETF VTV $139B	$24.4M	1.59%	141,009 -1,160	-0.8%	-$200K
12	12 iShares MSCI EAFE ETF EFA $63.7B	$23.4M	1.53%	286,054 +567	+0.2%	+$46.3K
13	13 iShares S&P Mid-Cap 400 Growth ETF IJK $8.97B	$22.3M	1.46%	267,693 +4,285	+2%	+$357K
14	14 iShares Russell 2000 Value ETF IWN $11.3B	$22.3M	1.46%	147,378 +1,091	+0.8%	+$165K
15	15 Janus Henderson Short Duration Income ETF VNLA $2.63B	$20.9M	1.37%	425,708 -4,846	-1%	-$238K
16	16 JPMorgan Chase JPM $801B	$20.8M	1.36%	84,645 +47	+0.1%	+$11.5K
17	17 iShares Core MSCI EAFE ETF IEFA $141B	$18.3M	1.19%	241,275 +132,273	+121%	+$10M
18	18 Vanguard Mortgage-Backed Securities ETF VMBS $14.4B	$16.2M	1.06%	349,085 +68,069	+24%	+$3.15M
19	19 Vanguard FTSE Europe ETF VGK $26B	$15.7M	1.02%	222,949 +2,323	+1%	+$163K
20	20 iShares Core S&P Small-Cap ETF IJR $81.2B	$15.7M	1.02%	149,670 +37,967	+34%	+$3.97M
21	21 iShares MBS ETF MBB $38.9B	$15.2M	0.99%	161,727 +107,044	+196%	+$10M
22	22 Alphabet (Google) Class C GOOG $2.26T	$14.7M	0.96%	94,190 +2,931	+3%	+$458K
23	23 Visa V $682B	$13.9M	0.91%	39,666 +652	+2%	+$229K
24	24 Vanguard Total Bond Market BND $130B	$13.8M	0.9%	188,177 +11,306	+6%	+$830K
25	25 SPDR Euro Stoxx 50 ETF FEZ $4.76B	$12.6M	0.83%	231,862 +3,631	+2%	+$198K