HFS

Horizon Financial Services Portfolio holdings

AUM $179M

This Quarter Return

-0.56%

1 Year Return

+3.73%

3 Year Return

+5.78%

5 Year Return

–

10 Year Return

–

AUM

$179M

AUM Growth

+$1.59M (+0.9%)

Cap. Flow

+$3.4M

Cap. Flow % of AUM

1.89%

Top 10 Holdings %Top 10 Hldgs %

59.61%

Holding

373

New

102

Increased

Reduced

Closed

Top Buys

1	SPDR Blackstone Senior Loan ETF SRLN	$7.93M
2	SPDR Portfolio Short Term Corporate Bond ETF SPSB	$6.53M
3	SPDR Portfolio Mortgage Backed Bond ETF SPMB	$4.59M
4	Schwab US Mid-Cap ETF SCHM	$3.17M
5	SPDR Gold MiniShares Trust GLDM	$3M

Top Sells

1	Invesco Senior Loan ETF BKLN	$7.94M
2	Vanguard Short-Term Treasury ETF VGSH	$6.24M
3	Vanguard Mortgage-Backed Securities ETF VMBS	$4.57M
4	Invesco Variable Rate Preferred ETF VRP	$4.54M
5	Global X MLP ETF MLPA	$2.17M

Sector Composition

1	Technology	1.04%
2	Consumer Discretionary	0.98%
3	Healthcare	0.64%
4	Utilities	0.56%
5	Financials	0.36%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 SPDR Portfolio S&P 500 Value ETF SPYV $27.4B	$16.2M	9.02%	316,957 +46,706	+17%	+$2.39M
2	2 SPDR Portfolio S&P 500 Growth ETF SPYG $39.3B	$16M	8.94%	199,485 +9,061	+5%	+$728K
3	3 SPDR Portfolio Short Term Corporate Bond ETF SPSB $8.17B	$14.9M	8.31%	495,626 +217,001	+78%	+$6.53M
4	4 Schwab US Mid-Cap ETF SCHM $12B	$11.3M	6.3%	431,142 +121,086	+39%	+$3.17M
5	5 Vanguard Short-Term Treasury ETF VGSH $22.7B	$11M	6.11%	186,941 -106,259	-36%	-$6.24M
6	6 SPDR Portfolio Developed World ex-US ETF SPDW $27.6B	$10M	5.6%	275,994 -41,877	-13%	-$1.52M
7	7 SPDR Portfolio High Yield Bond ETF SPHY $8.87B	$8.51M	4.74%	363,209 +17,002	+5%	+$398K
8	8 SPDR Blackstone Senior Loan ETF SRLN $7.09B	$7.93M	4.42%	+192,818	New	+$7.93M
9	9 Schwab U.S Small- Cap ETF SCHA $17.9B	$5.91M	3.29%	252,123 -10,601	-4%	-$248K
10	10 Technology Select Sector SPDR Fund XLK $83.2B	$5.16M	2.87%	24,983 +1,002	+4%	+$207K
11	11 SPDR Portfolio Mortgage Backed Bond ETF SPMB $6.19B	$4.59M	2.56%	+208,006	New	+$4.59M
12	12 Vanguard Long-Term Corporate Bond ETF VCLT $9.86B	$3.87M	2.16%	50,941 +3,028	+6%	+$230K
13	13 iShares Convertible Bond ETF ICVT $2.77B	$3.51M	1.96%	42,012 +1,308	+3%	+$109K
14	14 Schwab US TIPS ETF SCHP $13.1B	$3.49M	1.94%	129,630 +4,873	+4%	+$131K
15	15 SPDR Portfolio Long Term Treasury ETF SPTL $11.2B	$3.19M	1.78%	116,901 +10,727	+10%	+$292K
16	16 SPDR Portfolio Emerging Markets ETF SPEM $12.6B	$3.03M	1.69%	76,838 +3,304	+4%	+$130K
17	17 SPDR Gold MiniShares Trust GLDM $16B	$3M	1.67%	+48,469	New	+$3M
18	18 Vanguard FTSE All-World ex-US Small-Cap Index Fund VSS $9.5B	$2.94M	1.64%	25,390 -4,316	-15%	-$499K
19	19 Real Estate Select Sector SPDR Fund XLRE $7.67B	$2.87M	1.6%	68,478 +12,222	+22%	+$511K
20	20 Vanguard Emerging Markets Government Bond ETF VWOB $5.23B	$2.84M	1.58%	44,257 +1,878	+4%	+$121K
21	21 Health Care Select Sector SPDR Fund XLV $33.7B	$2.84M	1.58%	19,436 +228	+1%	+$33.3K
22	22 SPDR Bloomberg Investment Grade Floating Rate ETF FLRN $2.78B	$2.35M	1.31%	76,298 -1,045	-1%	-$32.2K
23	23 First Trust Preferred Securities and Income ETF FPE $5.98B	$2.27M	1.27%	+129,189	New	+$2.27M
24	24 Global X MLP & Energy Infrastructure ETF MLPX $2.56B	$2.15M	1.2%	+33,622	New	+$2.15M
25	25 The Communication Services Select Sector SPDR Fund XLC $23.8B	$2.09M	1.16%	21,652 -15	-0.1%	-$1.45K