HFA

High Falls Advisors Portfolio holdings

AUM $426M

AUM

$426M

AUM Growth

-$5.23M (-1%)

Cap. Flow

+$6.79M

Cap. Flow % of AUM

1.59%

Top 10 Holdings %Top 10 Hldgs %

63.48%

Holding

134

New

Increased

Reduced

Closed

Top Buys

1	iShares 10-20 Year Treasury Bond ETF TLH	$9.11M
2	iShares S&P 100 ETF OEF	$6.42M
3	iShares S&P 500 Value ETF IVE	$5.99M
4	iShares MSCI USA Quality Factor ETF QUAL	$3.98M
5	iShares Core MSCI Emerging Markets ETF IEMG	$3.86M

Top Sells

1	iShares MSCI EAFE Growth ETF EFG	$10.1M
2	iShares Core S&P 500 ETF IVV	$6.83M
3	iShares 20+ Year Treasury Bond ETF TLT	$6.61M
4	iShares MSCI EAFE Value ETF EFV	$5.78M
5	iShares MBS ETF MBB	$2.74M

Sector Composition

1	Technology	5.11%
2	Financials	1.38%
3	Industrials	0.88%
4	Consumer Discretionary	0.41%
5	Healthcare	0.35%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares Core S&P 500 ETF IVV $595B	$59.2M	13.89%	105,287 -12,155	-10%	-$6.83M
2	2 iShares Core Total USD Bond Market ETF IUSB $32.3B	$56.7M	13.31%	1,230,325 -24,341	-2%	-$1.12M
3	3 iShares MSCI USA Quality Factor ETF QUAL $52.2B	$27.9M	6.55%	163,218 +23,301	+17%	+$3.98M
4	4 iShares S&P 500 Growth ETF IVW $57.9B	$26.8M	6.3%	289,135 +2,205	+0.8%	+$205K
5	5 BlackRock US Equity Factor Rotation ETF DYNF $17.8B	$23.8M	5.59%	487,964 +3,276	+0.7%	+$160K
6	6 iShares S&P 500 Value ETF IVE $38.5B	$20M	4.69%	104,833 +31,439	+43%	+$5.99M
7	7 iShares MSCI EAFE Value ETF EFV $25.5B	$18M	4.23%	305,897 -98,036	-24%	-$5.78M
8	8 iShares MBS ETF MBB $38.1B	$13.5M	3.18%	144,483 -29,260	-17%	-$2.74M
9	9 Apple AAPL $3.03T	$12.7M	2.98%	57,072 +1,049	+2%	+$233K
10	10 iShares MSCI EAFE Growth ETF EFG $13.2B	$11.8M	2.77%	117,911 -101,322	-46%	-$10.1M
11	11 iShares 10-20 Year Treasury Bond ETF TLH $11B	$10.5M	2.46%	101,156 +87,760	+655%	+$9.11M
12	12 BlackRock Flexible Income ETF BINC $9.28B	$9.75M	2.29%	186,102 -2,524	-1%	-$132K
13	13 iShares US Technology ETF IYW $20.3B	$9.24M	2.17%	65,795 +725	+1%	+$102K
14	14 iShares MSCI Emerging Markets ex China ETF EMXC $14.5B	$9.15M	2.15%	166,060 -40,709	-20%	-$2.24M
15	15 iShares Core MSCI Emerging Markets ETF IEMG $91.5B	$8.61M	2.02%	159,552 +71,477	+81%	+$3.86M
16	16 iShares S&P 100 ETF OEF $19.7B	$8.43M	1.98%	31,121 +23,713	+320%	+$6.42M
17	17 iShares National Muni Bond ETF MUB $38.6B	$8.12M	1.91%	77,027 +11,048	+17%	+$1.16M
18	18 iShares Gold Trust IAU $46.2B	$6.91M	1.62%	117,251 +56,923	+94%	+$3.36M
19	19 iShares MSCI USA Momentum Factor ETF MTUM $17B	$6.6M	1.55%	32,646 +205	+0.6%	+$41.4K
20	20 Vanguard Tax-Exempt Bond Index Fund VTEB $35.5B	$4.53M	1.06%	91,321 -3,570	-4%	-$177K
21	21 Invesco QQQ Trust QQQ $344B	$4.45M	1.04%	9,488 -263	-3%	-$123K
22	22 iShares JPMorgan USD Emerging Markets Bond ETF EMB $12.7B	$3.46M	0.81%	38,149 +10,221	+37%	+$926K
23	23 iShares Currency Hedged MSCI EAFE ETF HEFA $6.55B	$3.35M	0.79%	92,315	New	+$3.35M
24	24 SPDR S&P 500 ETF Trust SPY $639B	$3.22M	0.75%	5,749 -37	-0.6%	-$20.7K
25	25 Microsoft MSFT $3.5T	$2.76M	0.65%	7,362 -929	-11%	-$349K