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
26	26 PIMCO Enhanced Short Maturity Active Exchange-Traded Fund MINT $13.3B	$952K	1.04%	+9,460	New	+$952K
27	27 iShares US Tech Independence Focused ETF IETC $759M	$944K	1.03%	+12,592	New	+$944K
28	28 Vanguard Financials ETF VFH $12.6B	$943K	1.03%	+7,893	New	+$943K
29	29 Schwab U.S Small- Cap ETF SCHA $17.8B	$907K	0.99%	38,705 -686	-2%	-$16.1K
30	SILA 30 Sila Realty Trust, Inc. SILA $1.35B	$894K	0.98%	33,470 +112	+0.3%	+$2.99K
31	31 First Trust Dow Jones Internet Index Fund ETF FDN $7.47B	$880K	0.96%	3,961 -1,209	-23%	-$269K
32	32 Lowe's Companies LOW $123B	$798K	0.87%	3,421 -189	-5%	-$44.1K
33	33 iShares Core Total USD Bond Market ETF IUSB $32.7B	$788K	0.86%	17,091 -663	-4%	-$30.6K
34	34 Schwab US Broad Market ETF SCHB $34.9B	$754K	0.82%	35,022 +2,718	+8%	+$58.5K
35	35 Consumers Staples Select Sector SPDR Fund XLP $16B	$732K	0.8%	+8,969	New	+$732K
36	36 JPMorgan Ultra-Short Income ETF JPST $32B	$732K	0.8%	+14,456	New	+$732K
37	37 iShares MSCI USA Quality Factor ETF QUAL $53.1B	$729K	0.8%	4,265 +437	+11%	+$74.7K
38	38 iShares S&P 500 Growth ETF IVW $61.8B	$715K	0.78%	7,706 -116	-1%	-$10.8K
39	39 AbbVie ABBV $334B	$712K	0.78%	3,399 -272	-7%	-$57K
40	40 Amazon AMZN $2.4T	$670K	0.73%	3,519 +1,140	+48%	+$217K
41	41 BlackRock US Equity Factor Rotation ETF DYNF $19.6B	$635K	0.69%	13,025 -230	-2%	-$11.2K
42	42 iShares iBoxx $ High Yield Corporate Bond ETF HYG $17.2B	$623K	0.68%	7,897 -1,152	-13%	-$90.9K
43	43 Schwab US Large-Cap Growth ETF SCHG $45.3B	$621K	0.68%	24,782 +341	+1%	+$8.54K
44	44 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $41.9B	$620K	0.68%	+6,758	New	+$620K
45	45 Goldman Sachs Access Ultra Short Bond ETF GSST $924M	$562K	0.61%	+11,121	New	+$562K
46	46 iShares S&P 500 Value ETF IVE $39.5B	$536K	0.59%	2,813 +794	+39%	+$151K
47	47 iShares MSCI EAFE Value ETF EFV $25.9B	$475K	0.52%	8,065 -2,433	-23%	-$143K
48	48 Duke Energy DUK $92B	$472K	0.52%	3,868 +26	+0.7%	+$3.17K
49	49 Exxon Mobil XOM $464B	$467K	0.51%	3,929 +14	+0.4%	+$1.67K
50	50 Valero Energy VLO $45.8B	$457K	0.5%	3,462 -360	-9%	-$47.5K