EFL

ERn Financial LLC Portfolio holdings

AUM $474M

This Quarter Return

-1.44%

1 Year Return

+13.19%

3 Year Return

+47.79%

5 Year Return

+68.55%

10 Year Return

–

AUM

$633M

AUM Growth

-$33.6M (-5%)

Cap. Flow

-$19.1M

Cap. Flow % of AUM

-3.01%

Top 10 Holdings %Top 10 Hldgs %

38.55%

Holding

195

New

Increased

Reduced

110

Closed

Top Buys

1	Vanguard FTSE Developed Markets ETF VEA	$1.96M
2	Pinnacle West Capital PNW	$1.54M
3	Invesco S&P 500 Quality ETF SPHQ	$1.41M
4	JPMorgan Core Plus Bond ETF JCPB	$1.4M
5	SPDR Portfolio Developed World ex-US ETF SPDW	$1.05M

Top Sells

1	Vanguard S&P 500 Growth ETF VOOG	$5.79M
2	Axon Enterprise AXON	$3.18M
3	First Trust Cloud Computing ETF SKYY	$2.21M
4	Apple AAPL	$1.91M
5	VanEck Semiconductor ETF SMH	$1.75M

Sector Composition

1	Technology	4.67%
2	Financials	2.06%
3	Consumer Discretionary	1.58%
4	Communication Services	1.23%
5	Healthcare	1.18%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Invesco S&P 500 Revenue ETF RWL $6.22B	$38.3M	6.06%	385,849 -13,125	-3%	-$1.3M
2	2 Vanguard S&P 500 Growth ETF VOOG $19.2B	$33.9M	5.36%	101,342 -17,325	-15%	-$5.79M
3	3 SPDR Portfolio S&P 500 Growth ETF SPYG $39.9B	$32.7M	5.17%	406,903 -6,837	-2%	-$549K
4	4 SPDR Portfolio S&P 500 Value ETF SPYV $28.1B	$28.5M	4.5%	557,208 +15,643	+3%	+$799K
5	5 SPDR Portfolio Developed World ex-US ETF SPDW $29.1B	$25.8M	4.08%	709,841 +28,728	+4%	+$1.05M
6	6 Vanguard FTSE Developed Markets ETF VEA $173B	$24.4M	3.85%	479,690 +38,466	+9%	+$1.96M
7	7 SPDR S&P 400 Mid Cap Value ETF MDYV $2.47B	$16.2M	2.56%	210,160 -1,700	-0.8%	-$131K
8	8 Victory Portfolios II VictoryShares Short-Term Bond ETF USTB $1.37B	$15.6M	2.46%	307,566 +5,917	+2%	+$300K
9	9 SPDR Portfolio Emerging Markets ETF SPEM $13.3B	$14.3M	2.26%	363,775 -29,957	-8%	-$1.18M
10	10 Invesco Russell 1000 Dynamic Multifactor ETF OMFL $4.99B	$14.3M	2.25%	267,603 -16,303	-6%	-$869K
11	11 First Trust Managed Municipal ETF FMB $1.86B	$13.7M	2.17%	272,520 -6,346	-2%	-$320K
12	12 iShares Core MSCI EAFE ETF IEFA $152B	$12.6M	1.99%	166,131 +8,479	+5%	+$641K
13	13 John Hancock Multifactor Mid Cap ETF JHMM $4.33B	$12.5M	1.98%	218,218 -27,295	-11%	-$1.56M
14	14 PIMCO Multi Sector Bond Active ETF PYLD $7B	$11.2M	1.76%	423,431 +4,044	+1%	+$107K
15	15 Avantis Emerging Markets Equity ETF AVEM $12.1B	$11M	1.74%	182,679 -1,306	-0.7%	-$78.6K
16	16 iShares Global REIT ETF REET $3.98B	$10M	1.58%	413,016 -7,114	-2%	-$173K
17	17 iShares MSCI USA Quality Factor ETF QUAL $54.3B	$10M	1.58%	58,610 -4,177	-7%	-$714K
18	18 Dimensional Core Fixed Income ETF DFCF $7.38B	$9.91M	1.57%	235,735 +13,038	+6%	+$548K
19	19 JPMorgan Core Plus Bond ETF JCPB $7.44B	$9.88M	1.56%	209,933 +29,657	+16%	+$1.4M
20	20 iShares Core US REIT ETF USRT $3.06B	$9.84M	1.56%	170,919 -15,268	-8%	-$879K
21	21 Apple AAPL $3.38T	$9.36M	1.48%	42,135 -8,605	-17%	-$1.91M
22	22 Dimensional World ex US Core Equity 2 ETF DFAX $9.33B	$9.07M	1.43%	346,094 -37,646	-10%	-$986K
23	23 SPDR S&P 400 Mid Cap Growth ETF MDYG $2.41B	$8.41M	1.33%	105,891 -1,704	-2%	-$135K
24	24 Vanguard Growth ETF VUG $185B	$8.35M	1.32%	22,513 -46	-0.2%	-$17.1K
25	25 Hartford Municipal Opportunities ETF HMOP $584M	$7.99M	1.26%	207,735 +789	+0.4%	+$30.3K