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

New

Increased

Reduced

Closed

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
1	1 SPDR Portfolio S&P 500 Value ETF SPYV $26.9B	$17M	16.83%	332,216 -17,948	-5%	-$917K
2	2 Schwab International Equity ETF SCHF $48.8B	$12.6M	12.51%	637,603 +119,583	+23%	+$2.37M
3	3 Vanguard S&P 500 ETF VOO $693B	$10.5M	10.4%	20,389 +5,794	+40%	+$2.98M
4	4 iShares 0-5 Year High Yield Corporate Bond ETF SHYG $6.83B	$10.4M	10.34%	245,172 +60,546	+33%	+$2.57M
5	5 iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB $15.5B	$9.87M	9.79%	187,940 -66,895	-26%	-$3.51M
6	6 SPDR S&P 500 ETF Trust SPY $647B	$8.37M	8.31%	14,971 -560	-4%	-$313K
7	7 iShares Core US Aggregate Bond ETF AGG $128B	$6.23M	6.19%	63,024 -25,798	-29%	-$2.55M
8	8 Avantis US Small Cap Value ETF AVUV $16.7B	$4.88M	4.84%	56,004 +37,390	+201%	+$3.26M
9	9 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $41.9B	$4.05M	4.02%	44,139 -12,779	-22%	-$1.17M
10	10 Schwab US Dividend Equity ETF SCHD $70.8B	$2.3M	2.28%	82,250 +19,842	+32%	+$555K
11	11 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB $10B	$2.11M	2.1%	63,561 +12,410	+24%	+$413K
12	12 iShares 1-3 Year Treasury Bond ETF SHY $23.6B	$1.74M	1.72%	20,979 -4,744	-18%	-$392K
13	13 Franklin International Low Volatility High Dividend Index ETF LVHI $2.9B	$1.21M	1.2%	37,366 +17,301	+86%	+$560K
14	14 iShares Core Dividend Growth ETF DGRO $32.5B	$1.02M	1.01%	16,503 -9,156	-36%	-$566K
15	15 Apple AAPL $3.15T	$900K	0.89%	4,054 +149	+4%	+$33.1K
16	16 American Century US Quality Growth ETF QGRO $1.75B	$887K	0.88%	9,471 -306	-3%	-$28.7K
17	17 iShares 0-3 Month Treasury Bond ETF SGOV $50.9B	$683K	0.68%	6,781 +2,374	+54%	+$239K
18	18 3M MMM $82.6B	$603K	0.6%	4,104	–	–
19	19 IBM IBM $266B	$527K	0.52%	2,121	–	–
20	20 AT&T T $194B	$469K	0.47%	16,601	–	–
21	21 SPDR Dow Jones Industrial Average ETF Trust DIA $39.3B	$421K	0.42%	1,004 +5	+0.5%	+$2.1K
22	22 Verizon VZ $173B	$414K	0.41%	9,131 +2	+0%	+$91
23	23 JPMorgan Chase JPM $799B	$358K	0.35%	1,458 +1	+0.1%	+$245
24	24 iShares MSCI Intl Quality Factor ETF IQLT $11.9B	$339K	0.34%	8,545 -391	-4%	-$15.5K
25	25 Janus Henderson B-BBB CLO ETF JBBB $1.32B	$318K	0.32%	+6,538	New	+$318K