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
51	51 Schwab US Aggregate Bond ETF SCHZ $8.56B	$446K	0.49%	19,267 -318	-2%	-$7.37K
52	52 BNY Mellon High Yield Beta ETF BKHY $361M	$443K	0.48%	9,302 -1,624	-15%	-$77.3K
53	53 Broadcom AVGO $1.33T	$435K	0.48%	2,600 +121	+5%	+$20.3K
54	54 Meta Platforms (Facebook) META $1.77T	$410K	0.45%	711 +45	+7%	+$25.9K
55	55 Costco COST $422B	$406K	0.44%	429 -43	-9%	-$40.7K
56	56 Alphabet (Google) Class A GOOGL $2.25T	$403K	0.44%	2,604 -257	-9%	-$39.7K
57	57 iShares 20+ Year Treasury Bond ETF TLT $46.8B	$388K	0.42%	4,258 -1,941	-31%	-$177K
58	58 JPMorgan Chase JPM $801B	$384K	0.42%	1,565 -13	-0.8%	-$3.19K
59	59 Tesla TSLA $1.06T	$380K	0.42%	1,467 +364	+33%	+$94.3K
60	60 Starbucks SBUX $107B	$359K	0.39%	3,660	–	–
61	61 Capital Group US Multi-Sector Income ETF CGMS $2.88B	$324K	0.35%	11,877 -1,860	-14%	-$50.8K
62	KHPI 62 Kensington Hedged Premium Income ETF KHPI $148M	$321K	0.35%	13,397 -8,066	-38%	-$193K
63	63 Cisco CSCO $269B	$319K	0.35%	+5,167	New	+$319K
64	64 Targa Resources TRGP $37.1B	$313K	0.34%	1,559 -233	-13%	-$46.7K
65	65 Chevron CVX $260B	$310K	0.34%	1,853 +2	+0.1%	+$335
66	66 iShares MSCI EAFE Growth ETF EFG $12.9B	$302K	0.33%	3,021 -2,717	-47%	-$272K
67	67 Phillips 66 PSX $51.3B	$301K	0.33%	2,439 +149	+7%	+$18.4K
68	68 American Healthcare REIT AHR $6.03B	$300K	0.33%	9,905	–	–
69	69 Utilities Select Sector SPDR Fund XLU $20.1B	$297K	0.32%	3,769 -15,610	-81%	-$1.23M
70	70 Energy Select Sector SPDR Fund XLE $27.4B	$294K	0.32%	3,149	–	–
71	71 Ingredion INGR $8.56B	$294K	0.32%	2,175 -208	-9%	-$28.1K
72	72 VanEck CLO ETF CLOI $1.06B	$289K	0.32%	5,478 -750	-12%	-$39.6K
73	73 Franklin Senior Loan ETF FLBL $1.12B	$288K	0.31%	11,957 -1,585	-12%	-$38.2K
74	74 GE Vernova GEV $157B	$261K	0.29%	855 -31	-4%	-$9.46K
75	75 BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF XTEN $672M	$260K	0.28%	+5,576	New	+$260K