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
76	76 SPDR Portfolio S&P 500 ETF SPLG $75.6B	$5.2M	0.34%	79,135 -24,015	-23%	-$1.58M
77	77 iShares International Small Cap Equity Factor ETF ISCF $377M	$5.17M	0.34%	153,404 +75,024	+96%	+$2.53M
78	78 iShares MSCI USA Min Vol Factor ETF USMV $23.5B	$5.05M	0.33%	53,941 +47,796	+778%	+$4.48M
79	79 iShares US Real Estate ETF IYR $3.71B	$5.05M	0.33%	52,728 +783	+2%	+$75K
80	80 FlexShares iBoxx 5-Year Target Duration TIPS Index Fund TDTF $840M	$4.95M	0.32%	204,207 +8,275	+4%	+$201K
81	81 Amgen AMGN $158B	$4.94M	0.32%	15,860 -520	-3%	-$162K
82	82 Home Depot HD $358B	$4.87M	0.32%	13,291 +713	+6%	+$261K
83	83 SPDR Gold MiniShares Trust GLDM $16B	$4.78M	0.31%	77,166 +44,703	+138%	+$2.77M
84	84 Mastercard MA $502B	$4.72M	0.31%	8,619 +1,275	+17%	+$699K
85	85 WisdomTree Europe SmallCap Dividend Fund DFE $175M	$4.53M	0.3%	74,292 -38,626	-34%	-$2.35M
86	86 Walt Disney DIS $218B	$4.49M	0.29%	45,481 -583	-1%	-$57.5K
87	87 Industrial Select Sector SPDR Fund XLI $22.5B	$4.48M	0.29%	34,193 +1,662	+5%	+$218K
88	88 Janus Henderson Securitized Income ETF JSI $895M	$4.48M	0.29%	85,520 +52,998	+163%	+$2.77M
89	89 Invesco QQQ Trust QQQ $359B	$4.42M	0.29%	9,418 -226	-2%	-$106K
90	90 TJX Companies TJX $136B	$4.38M	0.29%	35,987 +1,500	+4%	+$183K
91	91 iShares Core MSCI Emerging Markets ETF IEMG $99.2B	$4.33M	0.28%	80,315 +46,746	+139%	+$2.52M
92	92 Vanguard FTSE Developed Markets ETF VEA $163B	$4.31M	0.28%	84,796 +35,722	+73%	+$1.82M
93	93 Vanguard Short-Term Corporate Bond ETF VCSH $34.3B	$4.27M	0.28%	54,143 -9,412	-15%	-$743K
94	94 Citigroup C $172B	$4.2M	0.28%	59,214 +153	+0.3%	+$10.9K
95	95 Abbott ABT $215B	$4.04M	0.26%	30,454 -47	-0.2%	-$6.23K
96	96 Paychex PAYX $51.7B	$3.98M	0.26%	25,793 +38	+0.2%	+$5.86K
97	97 iShares Russell Mid-Cap Growth ETF IWP $19.7B	$3.98M	0.26%	33,854	–	–
98	98 iShares Global Tech ETF IXN $5.71B	$3.96M	0.26%	52,282 -300	-0.6%	-$22.7K
99	99 Eli Lilly LLY $693B	$3.94M	0.26%	4,776 -44	-0.9%	-$36.3K
100	100 Vanguard Small-Cap ETF VB $65B	$3.89M	0.25%	17,531 -165	-0.9%	-$36.6K