FormulaFolio Investments Portfolio holdings

AUM $299M

1-Year Est. Return 27.65%

This Fund

S&P 500

This Quarter Est. Return

1 Year Est. Return

+27.65%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$299M

AUM Growth

-$8.17M (-2.7%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

542

New

Increased

Reduced

Closed

Top Buys

1		+$383K
2		+$301K
3		+$248K
4	FS KKR Capital FSK	+$157K
5	Chevron CVX	+$130K

Top Sells

1		+$8.3M
2		+$2.75M
3		+$1.11M
4	State Street SPDR Portfolio S&P 500 Growth ETF SPYG	+$1.02M
5	AEL American Equity Investment Life Holding Company AEL	+$816K

Sector Composition

1	Technology	0.73%
2	Financials	0.58%
3	Consumer Discretionary	0.33%
4	Industrials	0.27%
5	Healthcare	0.27%

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
451	451 Regeneron Pharmaceuticals REGN $78.4B	$1K	﹤0.01%	2
452	452 RenaissanceRe RNR $12.8B	$1K	﹤0.01%	4
453	453 Schwab Short-Term US Treasury ETF SCHO $11.6B	$1K	﹤0.01%	40
454	454 State Street SPDR Bloomberg Short Term High Yield Bond ETF SJNK $5.33B	$1K	﹤0.01%	45
455	455 State Street STT $36.3B	$1K	﹤0.01%	10
456	456 Takeda Pharmaceutical TAK $54B	$1K	﹤0.01%	31
457	457 Teradyne TER $39.2B	$1K	﹤0.01%	5
458	458 iShares TIPS Bond ETF TIP $14.2B	$1K	﹤0.01%	10
459	459 TJX Companies TJX $162B	$1K	﹤0.01%	+21
460	460 T-Mobile US TMUS $210B	$1K	﹤0.01%	4
461	461 Trinity Industries TRN $2.28B	$1K	﹤0.01%	29
462	462 State Street Energy Select Sector SPDR ETF XLE $31.4B	$1K	﹤0.01%	50
463	463 Zimmer Biomet ZBH $16.9B	$1K	﹤0.01%	5
464	MRO 464 DELISTED Marathon Oil Corporation MRO	$1K	﹤0.01%	+100
465	EGIS 465 DELISTED 2ndVote Society Defended ETF EGIS	$1K	﹤0.01%	20
466	LK 466 DELISTED Luckin Coffee Inc. American Depositary Shares LK	$1K	﹤0.01%	60
467	ATVI 467 DELISTED Activision Blizzard ATVI	$1K	﹤0.01%	13
468	468 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP $17.4B	$0	﹤0.01%	5
469	ACB 469 Aurora Cannabis ACB $236M	$0	﹤0.01%	1
470	470 Cibus CBUS $98M	$0	﹤0.01%	1
471	471 DXC Technology DXC $2.45B	$0	﹤0.01%	8
472	472 Esquire Financial Holdings ESQ $923M	–	–	-400
473	473 Energy Transfer Partners ET $63.7B	$0	﹤0.01%	30
474	474 Knowles KN $2.09B	$0	﹤0.01%	20
475	475 Morgan Stanley MS $286B	–	–	-200