FAFN

First Affirmative Financial Network Portfolio holdings

AUM $163M

2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3

This Quarter Return

+4.87%

1 Year Return

+9.9%

3 Year Return

+34.83%

5 Year Return

–

10 Year Return

–

AUM

$100M

AUM Growth

+$100M (+16%)

Cap. Flow

+$10.7M

Cap. Flow % of AUM

10.74%

Top 10 Holdings % Top 10 Hldgs %

33.3%

Holding

203

New

Increased

101

Reduced

Closed

Top Buys

1	Autoliv ALV	$377K
2	ServiceNow NOW	$369K
3	Broadcom AVGO	$324K
4	JPMorgan Chase JPM	$316K
5	Telus TU	$303K

Top Sells

1	PIMCO Enhanced Short Maturity Active ESG ETF EMNT	$951K
2	ABB ABB Ltd. ABB	$543K
3	Vanguard Intermediate-Term Treasury ETF VGIT	$444K
4	SPDR Portfolio Short Term Treasury ETF SPTS	$396K
5	iShares MSCI KLD 400 Social ETF DSI	$286K

Sector Composition

1	Technology	19.27%
2	Healthcare	9.9%
3	Financials	9.07%
4	Consumer Discretionary	5.63%
5	Industrials	5.62%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
176	176 Bain Capital Specialty BCSF $1.01B	$171K	0.17%	+12,655	New	+$171K
177	177 Telefonica TEF $30.1B	$153K	0.15%	37,871 +19,848	+110%	+$80K
178	178 Mitsubishi UFJ Financial MUFG $173B	$152K	0.15%	20,691 +1,125	+6%	+$8.29K
179	179 KT KT $9.57B	$152K	0.15%	+13,487	New	+$152K
180	180 ASE Group ASX $22.1B	$109K	0.11%	14,046 +3,988	+40%	+$31.1K
181	181 Pearson PSO $9.37B	$109K	0.11%	+10,393	New	+$109K
182	182 Sumitomo Mitsui Financial SMFG $105B	$96.5K	0.1%	+11,220	New	+$96.5K
183	183 Mizuho Financial MFG $81B	$81.2K	0.08%	26,440 +4,517	+21%	+$13.9K
184	184 Nokia NOK $22.9B	$79.1K	0.08%	19,007 +6,865	+57%	+$28.6K
185	185 CEMIG Preferred Shares CIG $5.69B	$77.6K	0.08%	29,517 +2,977	+11%	+$7.83K
186	186 Ericsson ERIC $25.7B	$70.4K	0.07%	+12,920	New	+$70.4K
187	187 Itaú Unibanco ITUB $75.9B	$69.3K	0.07%	11,743 -740	-6%	-$4.37K
188	188 Grupo Aval AVAL $3.94B	$58K	0.06%	+25,003	New	+$58K
189	189 Nomura Holdings NMR $20.8B	$41.6K	0.04%	+10,855	New	+$41.6K
190	190 Zhongchao ZCMD $24.2M	$26.2K	0.03%	21,858 +4,135	+23%	+$4.96K
191	GTH 191 DELISTED Genetron Holdings Limited ADS GTH	$22.3K	0.02%	+23,932	New	+$22.3K
192	192 Vroom, Inc. Common Stock VRM $147M	$18.9K	0.02%	13,137 -160	-1%	-$230
193	193 Gevo GEVO $409M	$16.3K	0.02%	10,746 +669	+7%	+$1.02K
194	194 Village Farms International VFF $331M	$8.66K	0.01%	+14,468	New	+$8.66K
195	ACB 195 Aurora Cannabis ACB $291M	$8.52K	0.01%	+15,943	New	+$8.52K
196	OGI 196 Organigram Holdings OGI $216M	$7.5K	0.01%	+19,224	New	+$7.5K
197	197 Ocean Power Technologies OPTT $91.8M	$7.27K	0.01%	12,109 -6,208	-34%	-$3.73K
198	VAPO 198 DELISTED Vapotherm, Inc. Common Stock VAPO	$6.78K	0.01%	15,230 +136	+0.9%	+$61
199	WE 199 DELISTED WeWork Inc. WE	$4.07K	﹤0.01%	15,938 -2,344	-13%	-$599
200	200 Lamb Weston LW $7.89B	–	–	-2,042	Closed	-$213K