Grimes & Company Portfolio holdings

AUM $3.23B

This Quarter Return

-2.27%

1 Year Return

+4.51%

3 Year Return

+18.62%

5 Year Return

+106.55%

10 Year Return

+176.74%

AUM

$3.23B

AUM Growth

-$236M (-7%)

Cap. Flow

-$117M

Cap. Flow % of AUM

-3.61%

Top 10 Holdings %Top 10 Hldgs %

42.87%

Holding

405

New

Increased

177

Reduced

155

Closed

Top Buys

1	iShares Core MSCI EAFE ETF IEFA	$112M
2	Health Care Select Sector SPDR Fund XLV	$32.7M
3	Financial Select Sector SPDR Fund XLF	$18.6M
4	Industrial Select Sector SPDR Fund XLI	$15.3M
5	Micron Technology MU	$14.5M

Top Sells

1	iShares Russell 2000 ETF IWM	$80.4M
2	iShares Core MSCI Emerging Markets ETF IEMG	$62.2M
3	SPDR Nuveen ICE High Yield Municipal Bond ETF HYMB	$60.4M
4	Vanguard Small-Cap ETF VB	$27.9M
5	DocuSign DOCU	$19.8M

Sector Composition

1	Technology	14.38%
2	Healthcare	6.83%
3	Financials	4.82%
4	Industrials	3.49%
5	Communication Services	3.21%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Invesco Senior Loan ETF BKLN $7.04B	$212M	6.54%	10,228,132 +435,243	+4%	+$9.01M
2	2 SPDR Bloomberg Short Term High Yield Bond ETF SJNK $4.68B	$205M	6.35%	8,158,438 +309,446	+4%	+$7.79M
3	3 iShares 0-5 Year High Yield Corporate Bond ETF SHYG $6.81B	$205M	6.34%	4,821,058 +183,627	+4%	+$7.81M
4	4 iShares Core MSCI EAFE ETF IEFA $141B	$150M	4.64%	1,985,508 +1,475,731	+289%	+$112M
5	5 Vanguard Small-Cap ETF VB $63.9B	$128M	3.95%	576,190 -125,934	-18%	-$27.9M
6	6 iShares Core S&P 500 ETF IVV $629B	$125M	3.85%	221,930 -18,446	-8%	-$10.4M
7	7 John Hancock Multifactor Large Cap ETF JHML $989M	$111M	3.44%	1,652,482 -34,009	-2%	-$2.29M
8	8 Apple AAPL $3.12T	$97.2M	3%	437,614 -675	-0.2%	-$150K
9	9 iShares Core MSCI Emerging Markets ETF IEMG $98.4B	$90.4M	2.79%	1,674,942 -1,152,592	-41%	-$62.2M
10	10 Microsoft MSFT $3.76T	$63.2M	1.95%	168,336 -227	-0.1%	-$85.2K
11	11 Technology Select Sector SPDR Fund XLK $81.5B	$63.2M	1.95%	306,015 -79,555	-21%	-$16.4M
12	12 The Communication Services Select Sector SPDR Fund XLC $23.7B	$62.1M	1.92%	643,406 -141,149	-18%	-$13.6M
13	13 VanEck High Yield Muni ETF HYD $3.28B	$61.4M	1.9%	1,200,224 +11,003	+0.9%	+$563K
14	14 Vanguard Growth ETF VUG $178B	$45.3M	1.4%	122,281 -1,205	-1%	-$447K
15	15 Health Care Select Sector SPDR Fund XLV $33.5B	$41.3M	1.28%	282,995 +223,620	+377%	+$32.7M
16	16 Industrial Select Sector SPDR Fund XLI $22.2B	$35.1M	1.08%	267,667 +116,824	+77%	+$15.3M
17	17 Invesco FTSE RAFI US 1000 ETF PRF $7.81B	$32.2M	1%	797,645 -13,162	-2%	-$532K
18	18 TSMC TSM $1.23T	$29.5M	0.91%	177,540 -619	-0.4%	-$103K
19	19 Meta Platforms (Facebook) META $1.79T	$28.8M	0.89%	50,055 -656	-1%	-$378K
20	20 Amgen AMGN $157B	$28.5M	0.88%	91,534 -730	-0.8%	-$227K
21	21 Qualcomm QCOM $169B	$28.3M	0.87%	184,173 +15,233	+9%	+$2.34M
22	22 Amazon AMZN $2.4T	$27.8M	0.86%	145,889 +4,062	+3%	+$773K
23	23 Energy Select Sector SPDR Fund XLE $27.7B	$26.9M	0.83%	288,298 +22,084	+8%	+$2.06M
24	24 LHA Risk-Managed Income ETF RMIF $35.5M	$26.7M	0.82%	1,071,218 -20,505	-2%	-$511K
25	25 Alphabet (Google) Class A GOOGL $2.21T	$26.5M	0.82%	171,074 -1,858	-1%	-$287K