MA

Marquette Associates Portfolio holdings

AUM $99.9M

AUM

$99.9M

AUM Growth

-$20.6M (-17%)

Cap. Flow

-$5.17M

Cap. Flow % of AUM

-5.18%

Top 10 Holdings %Top 10 Hldgs %

89.97%

Holding

44

New

4

Increased

9

Reduced

16

Closed

6

Top Buys

1	iShares Core US Aggregate Bond ETF AGG	$6.19M
2	iShares TIPS Bond ETF TIP	$4.86M
3	Neuberger Berman Option Strategy ETF NBOS	$3.84M
4	Vanguard FTSE All-World ex-US ETF VEU	$3.14M
5	Vanguard Total Stock Market ETF VTI	$2.1M

Top Sells

1	iShares MSCI EAFE ETF EFA	$14.4M
2	iShares Russell 2000 ETF IWM	$7.49M
3	SPDR S&P 500 ETF Trust SPY	$2.54M
4	iShares Core S&P Small-Cap ETF IJR	$1.54M
5	iShares Core MSCI EAFE ETF IEFA	$260K

Sector Composition

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 FlexShares Core Select Bond Fund BNDC $133M	$49.9K	0.05%	2,245 -883	-28%	-$19.6K
27	27 iShares S&P 100 ETF OEF $17.5B	$40.6K	0.04%	150	–	–
28	28 FlexShares iBoxx 3-Year Target Duration TIPS Index Fund TDTT $2.54B	$37.2K	0.04%	1,525 +345	+29%	+$8.41K
29	29 FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund TLTD $500M	$35.5K	0.04%	475 -14	-3%	-$1.05K
30	30 Vanguard FTSE Emerging Markets ETF VWO $86.5B	$23.5K	0.02%	520	–	–
31	31 FlexShares Morningstar US Market Factors Tilt Index Fund TILT $1.64B	$23.5K	0.02%	114 -4	-3%	-$823
32	32 FlexShares High Yield Value-Scored Bond Index Fund HYGV $1.28B	$19.3K	0.02%	477 -271	-36%	-$10.9K
33	33 FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE $255M	$17.2K	0.02%	327 -10	-3%	-$525
34	34 FlexShares STOXX Global Broad Infrastructure Index Fund NFRA $2.45B	$8.76K	0.01%	152 -5	-3%	-$288
35	35 FlexShares Global Quality Real Estate Index Fund GQRE $406M	$8.58K	0.01%	148 -2	-1%	-$116
36	36 Schwab US REIT ETF SCHH $7.68B	$6.3K	0.01%	293	New	+$6.3K
37	37 FlexShares Global Upstream Natural Resources Index Fund GUNR $4.66B	$5.71K	0.01%	147 -12	-8%	-$466
38	38 Vanguard Small-Cap ETF VB $60.1B	$4.88K	0%	22	–	–
39	39 iShares JPMorgan USD Emerging Markets Bond ETF EMB $13B	$0	0%	0 -15,123	Closed	–
40	40 Schwab Fundamental International Large Company Index ETF FNDF $15.7B	$0	0%	0 -118,464	Closed	–
41	41 iShares S&P Small-Cap 600 Value ETF IJS $5.92B	$0	0%	0 -9,514	Closed	–
42	42 iShares Russell 2000 Value ETF IWN $10.6B	$0	0%	0 -12,874	Closed	–
43	43 Vanguard FTSE Developed Markets ETF VEA $156B	$0	0%	0 -62,864	Closed	–
44	44 Vanguard FTSE All-World ex-US Small-Cap Index Fund VSS $8.74B	$0	0%	0 -20,574	Closed	–