HFS

Howard Financial Services Portfolio holdings

AUM $761M

This Quarter Return

-1.37%

1 Year Return

+9.87%

3 Year Return

+40.66%

5 Year Return

+75.52%

10 Year Return

–

AUM

$734M

AUM Growth

-$734K (-0.1%)

Cap. Flow

+$13M

Cap. Flow % of AUM

1.77%

Top 10 Holdings %Top 10 Hldgs %

53.32%

Holding

199

New

Increased

Reduced

Closed

Top Buys

1	WisdomTree Trust WisdomTree US Quality Dividend Growth Fund DGRW	$6.34M
2	iShares MSCI USA Quality Factor ETF QUAL	$5.08M
3	Invesco S&P 500 GARP ETF SPGP	$4.3M
4	VanEck Fallen Angel High Yield Bond ETF ANGL	$3.01M
5	SPDR Bloomberg Short Term High Yield Bond ETF SJNK	$2.45M

Top Sells

1	Pacer US Small Cap Cash Cows 100 ETF CALF	$2.25M
2	PGIM Total Return Bond ETF PTRB	$1.76M
3	IBTX Independent Bank Group, Inc. IBTX	$1.64M
4	iShares MSCI Intl Quality Factor ETF IQLT	$1.46M
5	First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETF FIXD	$1.24M

Sector Composition

1	Technology	8%
2	Energy	3.36%
3	Financials	2.63%
4	Consumer Discretionary	2.14%
5	Consumer Staples	1.01%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
101	101 Automatic Data Processing ADP $127B	$530K	0.07%	1,735 +38	+2%	+$11.6K
102	102 Invesco NASDAQ 100 ETF QQQM $56.1B	$515K	0.07%	2,667 +1,126	+73%	+$217K
103	103 SPDR Portfolio S&P 500 High Dividend ETF SPYD $6.99B	$485K	0.07%	10,951 +103	+1%	+$4.56K
104	104 iShares Gold Trust IAU $47.7B	$473K	0.06%	8,024	–	–
105	105 ProShares UltraPro QQQ TQQQ $28.3B	$470K	0.06%	+8,200	New	+$470K
106	106 Altria Group MO $102B	$454K	0.06%	7,558 +970	+15%	+$58.2K
107	107 Business First Bancshares BFST $730M	$441K	0.06%	18,128	–	–
108	108 iShares S&P 500 Growth ETF IVW $62.6B	$438K	0.06%	4,720 +707	+18%	+$65.6K
109	109 Siren DIVCON Leaders Dividend ETF LEAD $61M	$436K	0.06%	6,725 -512	-7%	-$33.2K
110	110 Intuitive Surgical ISRG $180B	$431K	0.06%	870 +33	+4%	+$16.3K
111	111 Norfolk Southern NSC $63.7B	$430K	0.06%	1,817 +26	+1%	+$6.16K
112	112 Yum! Brands YUM $40.8B	$430K	0.06%	2,730 +15	+0.6%	+$2.36K
113	113 Uber UBER $183B	$426K	0.06%	5,842 +575	+11%	+$41.9K
114	114 SPDR S&P 600 Small Cap Value ETF SLYV $3.79B	$425K	0.06%	5,415 +6	+0.1%	+$470
115	115 NextEra Energy, Inc. NEE $148B	$424K	0.06%	5,975 +755	+14%	+$53.5K
116	116 Western Midstream Partners WES $15.5B	$418K	0.06%	10,215 +215	+2%	+$8.81K
117	117 Procter & Gamble PG $363B	$414K	0.06%	2,431 +184	+8%	+$31.4K
118	118 Salesforce CRM $256B	$414K	0.06%	1,541 +125	+9%	+$33.5K
119	119 Vanguard Real Estate ETF VNQ $34.3B	$412K	0.06%	4,552 +46	+1%	+$4.17K
120	120 Alibaba BABA $282B	$405K	0.06%	3,066 +60	+2%	+$7.93K
121	121 Direxion Daily NYSE FANG+ Bull 2X Shares FNGG $137M	$403K	0.05%	3,028	–	–
122	122 Tortoise North American Pipeline Fund TPYP $700M	$401K	0.05%	11,017 +129	+1%	+$4.69K
123	123 ConocoPhillips COP $122B	$399K	0.05%	3,795 -368	-9%	-$38.6K
124	124 Marvell Technology MRVL $70.7B	$389K	0.05%	6,314 +2,032	+47%	+$125K
125	125 Intel INTC $88.9B	$389K	0.05%	17,109 +1,665	+11%	+$37.8K