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
126	126 Vanguard Extended Market ETF VXF $23B	$384K	0.05%	2,230 +5	+0.2%	+$861
127	127 Palo Alto Networks PANW $122B	$380K	0.05%	2,225 +37	+2%	+$6.31K
128	128 Morgan Stanley MS $232B	$365K	0.05%	3,125 -79	-2%	-$9.22K
129	129 AstraZeneca AZN $237B	$356K	0.05%	4,850	–	–
130	130 Vanguard FTSE Emerging Markets ETF VWO $92.6B	$350K	0.05%	7,730 +1	+0%	+$45
131	131 Stryker SYK $153B	$337K	0.05%	904 +51	+6%	+$19K
132	132 Thermo Fisher Scientific TMO $182B	$334K	0.05%	671 -95	-12%	-$47.3K
133	133 Direxion Daily Mid Cap Bull 3X Shares MIDU $79.7M	$330K	0.04%	8,000	–	–
134	134 Bank of America BAC $357B	$321K	0.04%	7,686 +104	+1%	+$4.34K
135	135 American Express AXP $211B	$320K	0.04%	1,191 -316	-21%	-$85K
136	136 NXP Semiconductors NXPI $55.7B	$320K	0.04%	1,683 +5	+0.3%	+$950
137	137 Invesco S&P 500 Equal Weight Energy ETF RSPG $430M	$314K	0.04%	+3,836	New	+$314K
138	138 Vanguard Information Technology ETF VGT $98.6B	$312K	0.04%	576 +1	+0.2%	+$542
139	139 First Trust North American Energy Infrastructure Fund EMLP $3.32B	$304K	0.04%	8,104 +64	+0.8%	+$2.4K
140	140 Energy Select Sector SPDR Fund XLE $27.7B	$303K	0.04%	3,243 -13	-0.4%	-$1.22K
141	141 SPDR S&P Global Natural Resources ETF GNR $3.08B	$295K	0.04%	5,536	–	–
142	142 Technology Select Sector SPDR Fund XLK $84.2B	$291K	0.04%	1,410 -159	-10%	-$32.8K
143	143 GE Aerospace GE $290B	$286K	0.04%	1,427 -123	-8%	-$24.6K
144	144 VanEck Gold Miners ETF GDX $15.2B	$283K	0.04%	6,153	–	–
145	145 Motley Fool 100 Index ETF TMFC $1.56B	$276K	0.04%	4,969	–	–
146	146 Vanguard Small-Cap ETF VB $65.2B	$272K	0.04%	1,225 +2	+0.2%	+$444
147	147 iShares Short Treasury Bond ETF SHV $20.9B	$269K	0.04%	2,435 +464	+24%	+$51.3K
148	148 iShares Silver Trust SLV $18B	$267K	0.04%	8,624 +102	+1%	+$3.16K
149	149 Starbucks SBUX $105B	$264K	0.04%	2,691 +38	+1%	+$3.73K
150	150 EQT Corp EQT $33.3B	$262K	0.04%	4,905 +75	+2%	+$4.01K