FAIM

Financial Advocates Investment Management Portfolio holdings

AUM $1.42B

AUM

$1.42B

AUM Growth

-$332M (-19%)

Cap. Flow

-$178M

Cap. Flow % of AUM

-12.5%

Top 10 Holdings %Top 10 Hldgs %

19.22%

Holding

780

New

Increased

274

Reduced

359

Closed

Top Buys

1	iShares 7-10 Year Treasury Bond ETF IEF	$6.47M
2	iShares JPMorgan USD Emerging Markets Bond ETF EMB	$6.29M
3	SPDR S&P 400 Mid Cap Growth ETF MDYG	$4.76M
4	iShares S&P 500 Growth ETF IVW	$4.22M
5	Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP	$3.79M

Top Sells

1	Apple AAPL	$58.6M
2	Microsoft MSFT	$32.9M
3	Vanguard Growth ETF VUG	$13.5M
4	iShares Russell Top 200 Growth ETF IWY	$13.4M
5	iShares Russell 2000 ETF IWM	$10.6M

Sector Composition

1	Technology	9.65%
2	Consumer Discretionary	3.81%
3	Industrials	3.59%
4	Financials	3.09%
5	Healthcare	2.22%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
101	101 Vanguard Utilities ETF VPU $6.82B	$3.22M	0.23%	18,822 -363	-2%	-$62K
102	102 Invesco S&P 500 Momentum ETF SPMO $7.7B	$3.19M	0.22%	34,453 -5,550	-14%	-$514K
103	103 Vanguard High Dividend Yield ETF VYM $58.5B	$3.17M	0.22%	24,563 +305	+1%	+$39.3K
104	104 First Trust NASDAQ Technology Dividend Index Fund TDIV $3B	$3.16M	0.22%	42,866 +1,493	+4%	+$110K
105	105 Sixth Street Specialty TSLX $2.17B	$3.14M	0.22%	140,390 -15,765	-10%	-$353K
106	106 iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB $14.7B	$3.12M	0.22%	59,447 -50,904	-46%	-$2.67M
107	107 Vanguard FTSE Developed Markets ETF VEA $157B	$3.12M	0.22%	61,303 -13,915	-19%	-$707K
108	108 AB High Yield ETF HYFI $185M	$3.07M	0.22%	83,411 +5,691	+7%	+$210K
109	109 iShares US Aerospace & Defense ETF ITA $7.35B	$3.07M	0.21%	20,022 -1,508	-7%	-$231K
110	110 Parker-Hannifin PH $85.1B	$3.06M	0.21%	5,032 +862	+21%	+$524K
111	111 Alerian MLP ETF AMLP $10.2B	$3.02M	0.21%	58,082 -1,243	-2%	-$64.6K
112	112 AAM S&P 500 High Dividend Value ETF SPDV $66.3M	$3.01M	0.21%	92,610 -514	-0.6%	-$16.7K
113	113 First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF LMBS $4.98B	$3.01M	0.21%	61,233 -2,436	-4%	-$120K
114	114 Health Care Select Sector SPDR Fund XLV $34.2B	$2.98M	0.21%	20,399 -6,619	-25%	-$966K
115	115 Vanguard Small-Cap ETF VB $61.1B	$2.97M	0.21%	13,394 -1,034	-7%	-$229K
116	116 iShares MSCI USA Momentum Factor ETF MTUM $16.9B	$2.97M	0.21%	14,685 -4,575	-24%	-$925K
117	117 iShares S&P Small-Cap 600 Growth ETF IJT $5.91B	$2.94M	0.21%	23,632 -2,283	-9%	-$284K
118	118 Industrial Select Sector SPDR Fund XLI $20.7B	$2.91M	0.2%	22,226 -1,680	-7%	-$220K
119	119 iShares MSCI ACWI ex US ETF ACWX $6.27B	$2.89M	0.2%	52,105 +11,085	+27%	+$615K
120	120 SPDR Portfolio Corporate Bond ETF SPBO $1.52B	$2.86M	0.2%	98,588 +58,164	+144%	+$1.69M
121	121 iShares 0-5 Year TIPS Bond ETF STIP $12.5B	$2.81M	0.2%	27,750 +14,779	+114%	+$1.5M
122	122 Netflix NFLX $514B	$2.81M	0.2%	3,013 -103	-3%	-$96.1K
123	123 Financial Select Sector SPDR Fund XLF $49.8B	$2.77M	0.19%	55,519 -17,227	-24%	-$858K
124	124 Schwab US Large-Cap Growth ETF SCHG $41B	$2.77M	0.19%	110,439 -29,801	-21%	-$746K
125	125 Procter & Gamble PG $392B	$2.73M	0.19%	16,039 -10,193	-39%	-$1.74M