FA

Freestate Advisors Portfolio holdings

AUM $112M

This Quarter Return

+0.17%

1 Year Return

+8.09%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$101M

AUM Growth

+$4.04M (+4%)

Cap. Flow

+$3.69M

Cap. Flow % of AUM

3.66%

Top 10 Holdings %Top 10 Hldgs %

85.52%

Holding

41

New

4

Increased

18

Reduced

12

Closed

3

Top Buys

1	Avantis US Small Cap Value ETF AVUV	$3.26M
2	Vanguard S&P 500 ETF VOO	$2.98M
3	iShares 0-5 Year High Yield Corporate Bond ETF SHYG	$2.57M
4	Schwab International Equity ETF SCHF	$2.37M
5	Franklin International Low Volatility High Dividend Index ETF LVHI	$560K

Top Sells

1	iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB	$3.51M
2	iShares Core US Aggregate Bond ETF AGG	$2.55M
3	SPDR Bloomberg 1-3 Month T-Bill ETF BIL	$1.17M
4	SPDR Portfolio S&P 500 Value ETF SPYV	$917K
5	iShares Core Dividend Growth ETF DGRO	$566K

Sector Composition

1	Technology	1.42%
2	Communication Services	0.88%
3	Industrials	0.86%
4	Financials	0.51%
5	Consumer Discretionary	0.47%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Vanguard FTSE Emerging Markets ETF VWO $93.4B	$301K	0.3%	6,652 +664	+11%	+$30.1K
27	27 Fidelity High Yield Factor ETF FDHY $406M	$274K	0.27%	5,711 -143	-2%	-$6.87K
28	28 Deere & Co DE $135B	$268K	0.27%	572 +2	+0.4%	+$938
29	29 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP $15.3B	$265K	0.26%	5,312 -204	-4%	-$10.2K
30	30 Capital Group Short Duration Income ETF CGSD $1.39B	$250K	0.25%	+9,691	New	+$250K
31	31 Amazon AMZN $2.4T	$242K	0.24%	1,270 -25	-2%	-$4.76K
32	RFI 32 Cohen & Steers Total Return Realty Fund RFI $320M	$237K	0.24%	19,609 +6,721	+52%	+$81.3K
33	33 International Paper IP $26.5B	$235K	0.23%	4,413	–	–
34	34 Dow Inc DOW $19.9B	$221K	0.22%	6,342 +1,309	+26%	+$45.7K
35	FSCO 35 FS Credit Opportunities Corp FSCO $1.43B	$85K	0.08%	+12,060	New	+$85K
36	OXLC 36 Oxford Lane Capital OXLC $1.91B	$72.1K	0.07%	15,268 +814	+6%	+$3.84K
37	CCIF 37 Carlyle Credit Income Fund CCIF $122M	$70K	0.07%	+10,357	New	+$70K
38	XFLT 38 XAI Octagon Floating Rate and Alternative Income Trust XFLT $424M	$69.8K	0.07%	11,806 +308	+3%	+$1.82K
39	39 Whirlpool WHR $5.15B	–	–	-1,993	Closed	-$228K
40	40 Vanguard Short-Term Corporate Bond ETF VCSH $34.3B	–	–	-4,598	Closed	-$359K
41	41 Nuveen Preferred & Income Opportunities Fund JPC $2.58B	–	–	-12,494	Closed	-$98.2K