CIC

Cutler Investment Counsel Portfolio holdings

AUM $832M

This Quarter Return

+1.55%

1 Year Return

+6.92%

3 Year Return

+19.53%

5 Year Return

+91.43%

10 Year Return

+134%

AUM

$832M

AUM Growth

+$28.5M (+4%)

Cap. Flow

+$23.6M

Cap. Flow % of AUM

2.84%

Top 10 Holdings %Top 10 Hldgs %

34.86%

Holding

136

New

Increased

Reduced

Closed

Top Buys

1	JPMorgan International Research Enhanced Equity ETF JIRE	$8.44M
2	iShares Core MSCI EAFE ETF IEFA	$4.56M
3	iShares Core S&P Small-Cap ETF IJR	$3.64M
4	SPDR Portfolio Aggregate Bond ETF SPAB	$3.45M
5	Vanguard Mid-Cap ETF VO	$3.35M

Top Sells

1	iShares MSCI EAFE Min Vol Factor ETF EFAV	$3.53M
2	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF PDN	$2.03M
3	Invesco S&P 500 Pure Growth ETF RPG	$1.43M
4	Walmart WMT	$1.24M
5	Home Depot HD	$1.15M

Sector Composition

1	Industrials	10.05%
2	Financials	8.58%
3	Consumer Staples	6.91%
4	Technology	6.59%
5	Healthcare	6.35%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
51	51 Vanguard Total Stock Market ETF VTI $514B	$5.47M	0.66%	19,887 -1,730	-8%	-$475K
52	52 Apple AAPL $3.19T	$5.32M	0.64%	23,935 -60	-0.3%	-$13.3K
53	53 Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF PDN $366M	$4.55M	0.55%	136,003 -60,656	-31%	-$2.03M
54	54 Schwab US Dividend Equity ETF SCHD $71.3B	$4.49M	0.54%	160,620 -7,480	-4%	-$209K
55	55 Pfizer PFE $141B	$4.42M	0.53%	174,242 -2,434	-1%	-$61.7K
56	56 Vanguard FTSE Developed Markets ETF VEA $167B	$4.23M	0.51%	83,238 -7,774	-9%	-$395K
57	57 Comcast CMCSA $126B	$3.99M	0.48%	108,057 -2,665	-2%	-$98.3K
58	58 Schwab U.S Small- Cap ETF SCHA $17.9B	$3.84M	0.46%	163,750 -1,670	-1%	-$39.1K
59	59 Vanguard FTSE Emerging Markets ETF VWO $94.1B	$3.12M	0.38%	69,013 -301	-0.4%	-$13.6K
60	60 ProShares S&P 500 Dividend Aristocrats ETF NOBL $11.7B	$2.91M	0.35%	28,365 -770	-3%	-$79K
61	61 Amazon AMZN $2.46T	$2.55M	0.31%	13,415 -58	-0.4%	-$11K
62	62 Berkshire Hathaway Class B BRK.B $1.04T	$2.45M	0.29%	4,600 -102	-2%	-$54.3K
63	63 Costco COST $415B	$2.44M	0.29%	2,583 -69	-3%	-$65.3K
64	64 Mission Produce AVO $851M	$2.23M	0.27%	212,750	–	–
65	65 Vanguard Real Estate ETF VNQ $34.4B	$2.16M	0.26%	23,906 -412	-2%	-$37.3K
66	66 Vanguard Total World Stock ETF VT $50B	$1.96M	0.24%	16,939 +1,292	+8%	+$150K
67	67 Vanguard Total Bond Market BND $131B	$1.94M	0.23%	26,393 +222	+0.9%	+$16.3K
68	68 Vanguard Short-Term Corporate Bond ETF VCSH $34.3B	$1.81M	0.22%	22,866 +414	+2%	+$32.7K
69	69 Schwab Fundamental International Small Company Index ETF FNDC $2.99B	$1.75M	0.21%	48,367 -997	-2%	-$36.1K
70	70 Schwab Fundamental US Small Company Index ETF FNDA $8.66B	$1.64M	0.2%	59,838 -440	-0.7%	-$12.1K
71	71 Schwab US Aggregate Bond ETF SCHZ $8.62B	$1.63M	0.2%	70,201 +31,321	+81%	+$725K
72	72 Vanguard Dividend Appreciation ETF VIG $94.3B	$1.61M	0.19%	8,324 -866	-9%	-$168K
73	73 Berkshire Hathaway Class A BRK.A $1.04T	$1.6M	0.19%	+2	New	+$1.6M
74	74 Schwab Fundamental International Large Company Index ETF FNDF $16.9B	$1.45M	0.17%	40,144 -883	-2%	-$31.9K
75	75 Schwab US Large- Cap ETF SCHX $57.8B	$1.17M	0.14%	53,061 -154	-0.3%	-$3.4K