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
126	126 iShares Silver Trust SLV $58.5B	$67K	0.02%	2,772
127	127 ARK Genomic Revolution ETF ARKG $1.33B	$66K	0.02%	718
128	128 iShares Russell 1000 Growth ETF IWF $121B	$66K	0.02%	241
129	129 Home Depot HD $370B	$64K	0.02%	+199
130	130 iShares Select Dividend ETF DVY $22.1B	$63K	0.02%	540
131	131 Target TGT $46.6B	$63K	0.02%	261 +15
132	132 Intuitive Surgical ISRG $179B	$62K	0.02%	201
133	133 Lincoln National LNC $7.8B	$61K	0.02%	975
134	134 Vanguard Intermediate-Term Treasury ETF VGIT $36.4B	$60K	0.02%	884 -3
135	135 NextEra Energy NEE $184B	$59K	0.02%	800
136	136 iShares 0-5 Year TIPS Bond ETF STIP $12.8B	$59K	0.02%	554
137	137 State Street SPDR S&P 600 Small Cap Growth ETF SLYG $3.75B	$57K	0.02%	640
138	138 Alphabet (Google) Class C GOOG $4.07T	$55K	0.02%	440
139	139 ProShares Short S&P500 SH $1.15B	$55K	0.02%	894 -771
140	140 Vanguard FTSE All-World ex-US ETF VEU $58B	$54K	0.02%	854 +1
141	141 NVIDIA NVDA $4.63T	$53K	0.02%	2,640
142	142 Vanguard Intermediate-Term Corporate Bond ETF VCIT $59.7B	$53K	0.02%	561
143	143 Exxon Mobil XOM $593B	$53K	0.02%	845 +117
144	JNPR 144 DELISTED Juniper Networks JNPR	$49K	0.02%	1,782
145	145 Procter & Gamble PG $348B	$49K	0.02%	360 +1
146	146 Vanguard Long-Term Treasury ETF VGLT $10.2B	$46K	0.02%	521
147	147 Eversource Energy ES $26B	$45K	0.02%	565 +27
148	148 JPMorgan Chase JPM $823B	$45K	0.02%	286
149	149 Intel INTC $240B	$44K	0.01%	776
150	150 Wheaton Precious Metals WPM $68.5B	$44K	0.01%	1,000