FEM

Fulcrum Equity Management Portfolio holdings

AUM $91.6M

This Quarter Return

-1.51%

1 Year Return

+11.99%

3 Year Return

+40.07%

5 Year Return

+190.71%

10 Year Return

–

AUM

$91.6M

AUM Growth

-$9.53M (-9%)

Cap. Flow

-$7.71M

Cap. Flow % of AUM

-8.42%

Top 10 Holdings %Top 10 Hldgs %

46.42%

Holding

127

New

Increased

Reduced

Closed

Top Buys

1	Invesco S&P 500 Equal Weight ETF RSP	$4.52M
2	SPDR S&P Insurance ETF KIE	$1.55M
3	SPDR S&P 500 ETF Trust SPY	$1.54M
4	The Communication Services Select Sector SPDR Fund XLC	$1.22M
5	First Trust Exchange-Traded Fund VI First Trust S-Network E-Commerce ETF ISHP	$1M

Top Sells

1	Invesco KBW Property & Casualty Insurance ETF KBWP	$1.81M
2	Invesco NASDAQ 100 ETF QQQM	$1.34M
3	iShares US Financials ETF IYF	$1.25M
4	First Trust Cloud Computing ETF SKYY	$1.25M
5	Utilities Select Sector SPDR Fund XLU	$1.23M

Sector Composition

1	Energy	7.4%
2	Technology	3.8%
3	Financials	3.64%
4	Consumer Staples	3.22%
5	Consumer Discretionary	2.65%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares Core S&P Total US Stock Market ETF ITOT $72.2B	$9.78M	10.69%	80,191 -312	-0.4%	-$38.1K
2	2 iShares MSCI World ETF URTH $5.14B	$7.08M	7.73%	46,192	–	–
3	3 Invesco S&P 500 Equal Weight ETF RSP $73.9B	$4.73M	5.17%	27,302 +26,067	+2,111%	+$4.52M
4	4 Oneok OKE $52B	$4.72M	5.16%	47,599 +489	+1%	+$48.5K
5	5 Technology Select Sector SPDR Fund XLK $82.4B	$3.86M	4.22%	18,699 +1,368	+8%	+$282K
6	6 The Communication Services Select Sector SPDR Fund XLC $23.7B	$3.14M	3.43%	32,549 +12,682	+64%	+$1.22M
7	7 SPDR S&P 500 ETF Trust SPY $647B	$2.93M	3.2%	5,236 +2,758	+111%	+$1.54M
8	8 Berkshire Hathaway Class B BRK.B $1.02T	$2.35M	2.57%	4,410	–	–
9	9 Financial Select Sector SPDR Fund XLF $51.1B	$2.29M	2.5%	46,009 -1,208	-3%	-$60.2K
10	10 Consumer Discretionary Select Sector SPDR Fund XLY $22.7B	$1.62M	1.77%	8,201 -94	-1%	-$18.6K
11	11 Health Care Select Sector SPDR Fund XLV $33.3B	$1.57M	1.71%	10,741 +3,607	+51%	+$527K
12	12 SPDR S&P Insurance ETF KIE $827M	$1.55M	1.69%	+25,531	New	+$1.55M
13	13 Apple AAPL $3.15T	$1.45M	1.59%	6,535 +1,025	+19%	+$228K
14	14 SPDR Portfolio S&P 500 ETF SPLG $75.6B	$1.43M	1.56%	21,770 -4,029	-16%	-$265K
15	15 Walmart WMT $759B	$1.36M	1.48%	15,450 +121	+0.8%	+$10.6K
16	16 Alerian Energy Infrastructure ETF ENFR $311M	$1.22M	1.34%	37,363 -5,157	-12%	-$169K
17	17 iShares US Technology ETF IYW $22.4B	$1.2M	1.31%	8,510 +938	+12%	+$132K
18	18 VanEck Energy Income ETF EINC $79.7M	$1.12M	1.22%	11,156 -2,183	-16%	-$218K
19	19 Invesco Aerospace & Defense ETF PPA $5.98B	$1.11M	1.22%	9,556 -1,024	-10%	-$119K
20	20 First Trust North American Energy Infrastructure Fund EMLP $3.29B	$1.09M	1.19%	29,129 -6,152	-17%	-$231K
21	21 SPDR S&P Telecom ETF XTL $127M	$1.09M	1.19%	10,900 +2,628	+32%	+$263K
22	22 Industrial Select Sector SPDR Fund XLI $22.5B	$1.08M	1.18%	8,222 -3,963	-33%	-$519K
23	23 NVIDIA NVDA $4.2T	$1.02M	1.11%	9,383 -332	-3%	-$36K
24	24 First Trust Exchange-Traded Fund VI First Trust S-Network E-Commerce ETF ISHP $6.02M	$1M	1.09%	+27,718	New	+$1M
25	25 Global X MLP & Energy Infrastructure ETF MLPX $2.63B	$999K	1.09%	15,654 -3,303	-17%	-$211K