FEM

Fulcrum Equity Management Portfolio holdings

AUM $91.6M

AUM

$91.6M

AUM Growth

-$9.53M (-9%)

Cap. Flow

+$13.6M

Cap. Flow % of AUM

14.82%

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	Utilities Select Sector SPDR Fund XLU	$1.23M
2	Industrial Select Sector SPDR Fund XLI	$519K
3	Microsoft MSFT	$474K
4	iShares MSCI EAFE Growth ETF EFG	$272K
5	First Trust Dow Jones Internet Index Fund ETF FDN	$269K

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
101	101 Fidelity MSCI Communication Services Index ETF FCOM $1.47B	$0	0%	0 -20,504	Closed	–
102	102 Fidelity High Dividend ETF FDVV $5.05B	$0	0%	0 -4,473	Closed	–
103	103 General Dynamics GD $74.5B	$0	0%	0 -811	Closed	–
104	104 iShares US Broker-Dealers & Securities Exchanges ETF IAI $1.26B	$0	0%	0 -8,194	Closed	–
105	105 iShares Morningstar Growth ETF ILCG $2.49B	$0	0%	0 -9,472	Closed	–
106	106 iShares Core S&P 500 ETF IVV $583B	$0	0%	0 -344	Closed	–
107	107 iShares US Financials ETF IYF $3.5B	$0	0%	0 -11,341	Closed	–
108	108 iShares US Telecommunications ETF IYZ $419M	$0	0%	0 -8,495	Closed	–
109	109 Invesco KBW Property & Casualty Insurance ETF KBWP $473M	$0	0%	0 -15,553	Closed	–
110	110 SPDR S&P Capital Markets ETF KCE $475M	$0	0%	0 -5,963	Closed	–
111	111 Kimberly-Clark KMB $46.8B	$0	0%	0 -1,708	Closed	–
112	112 Lockheed Martin LMT $110B	$0	0%	0 -531	Closed	–
113	113 Nexstar Media Group NXST $5.15B	$0	0%	0 -1,700	Closed	–
114	114 Invesco Dorsey Wright Technology Momentum ETF PTF $403M	$0	0%	0 -15,454	Closed	–
115	115 Invesco NASDAQ 100 ETF QQQM $47.1B	$0	0%	0 -6,352	Closed	–
116	116 Columbia Research Enhanced Core ETF RECS $2.68B	$0	0%	0 -20,638	Closed	–
117	117 Invesco S&P 500 Equal Weight Utilities ETF RSPU $453M	$0	0%	0 -10,627	Closed	–
118	118 Royal Bank of Canada RY $178B	$0	0%	0 -1,730	Closed	–
119	119 First Trust Cloud Computing ETF SKYY $3.34B	$0	0%	0 -10,516	Closed	–
120	120 Invesco S&P 500 High Dividend Low Volatility ETF SPHD $3.18B	$0	0%	0 -4,562	Closed	–
121	121 ProShares Ultra S&P500 SSO $5.49B	$0	0%	0 -3,463	Closed	–
122	122 Virtus Reaves Utilities ETF UTES $451M	$0	0%	0 -19,253	Closed	–
123	123 Vanguard Russell 1000 Growth ETF VONG $27B	$0	0%	0 -6,161	Closed	–
124	124 Vanguard Communication Services ETF VOX $4.52B	$0	0%	0 -7,740	Closed	–
125	125 Vanguard Utilities ETF VPU $6.87B	$0	0%	0 -4,238	Closed	–