MFG

Merit Financial Group Portfolio holdings

AUM $6.67B

AUM

$6.67B

AUM Growth

+$1.11B (+20%)

Cap. Flow

+$1.26B

Cap. Flow % of AUM

18.83%

Top 10 Holdings %Top 10 Hldgs %

22.65%

Holding

1,450

New

303

Increased

824

Reduced

249

Closed

Top Buys

1	iShares MSCI ACWI ex US ETF ACWX	$94.4M
2	iShares Core S&P US Growth ETF IUSG	$75.9M
3	BlackRock US Equity Factor Rotation ETF DYNF	$61.4M
4	iShares Core S&P US Value ETF IUSV	$56M
5	iShares MSCI USA Quality Factor ETF QUAL	$54.1M

Top Sells

1	Invesco S&P 500 Low Volatility ETF SPLV	$88M
2	iShares Core MSCI EAFE ETF IEFA	$79.5M
3	Vanguard FTSE Developed Markets ETF VEA	$18.1M
4	Vanguard Short-Term Treasury ETF VGSH	$13.9M
5	American Century Diversified Corporate Bond ETF KORP	$12.5M

Sector Composition

1	Technology	8.65%
2	Financials	5.17%
3	Industrials	4.28%
4	Healthcare	3.19%
5	Consumer Discretionary	3.07%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1076	1076 IPG Photonics IPGP $2.75B	$343K	0.01%	5,439	New	+$343K
1077	1077 Equity Residential EQR $25.7B	$341K	0.01%	4,765 -128	-3%	-$9.16K
1078	1078 First Trust Large Cap Core AlphaDEX Fund FEX $1.26B	$338K	0.01%	3,298 +3	+0.1%	+$307
1079	1079 Equitable Holdings EQH $15.7B	$338K	0.01%	6,480	New	+$338K
1080	1080 Ashland ASH $2.25B	$337K	0.01%	5,692	New	+$337K
1081	1081 Casey's General Stores CASY $16.2B	$336K	0.01%	775	New	+$336K
1082	1082 Coinbase COIN $67B	$336K	0.01%	1,949 +651	+50%	+$112K
1083	1083 Ciena CIEN $11.4B	$335K	0.01%	5,547 +587	+12%	+$35.5K
1084	1084 Schwab Long-Term US Treasury ETF SCHQ $827M	$334K	0.01%	10,200 -812	-7%	-$26.6K
1085	1085 iShares MSCI Intl Value Factor ETF IVLU $2.16B	$334K	0.01%	11,008 -32,027	-74%	-$971K
1086	1086 Franco-Nevada FNV $32.3B	$333K	0.01%	2,113	New	+$333K
1087	1087 United Rentals URI $45.5B	$332K	0.01%	530 -757	-59%	-$475K
1088	VBIL 1088 Vanguard 0-3 Month Treasury Bill ETF VBIL $1.28B	$332K	0.01%	4,400	New	+$332K
1089	1089 CoStar Group CSGP $31.2B	$329K	0%	4,151 +693	+20%	+$54.9K
1090	1090 Toyota TM $238B	$326K	0%	1,845 +744	+68%	+$131K
1091	1091 Xylem XYL $30.2B	$323K	0%	2,707 +312	+13%	+$37.3K
1092	1092 Brown & Brown BRO $31.8B	$322K	0%	2,585 +592	+30%	+$73.6K
1093	1093 Evergy EVRG $15.1B	$322K	0%	4,663 +288	+7%	+$19.9K
1094	1094 WisdomTree Emerging Markets ex-State-Owned Enterprises Fund XSOE $1.77B	$321K	0%	10,392 -33	-0.3%	-$1.02K
1095	1095 FT Vest Fund of Deep Buffer ETFs BUFD $1.28B	$321K	0%	12,854	New	+$321K
1096	1096 Nuveen Municipal Credit Income Fund NZF $2.27B	$321K	0%	26,207 +11,743	+81%	+$144K
1097	1097 iShares Core MSCI Europe ETF IEUR $6.67B	$320K	0%	5,315	New	+$320K
1098	1098 Innovator Premium Income 30 Barrier ETF October OCTJ $20.4M	$319K	0%	13,444 -1,269	-9%	-$30.2K
1099	1099 BlackRock MuniYield Pennsylvania Quality Fund MPA $139M	$319K	0%	28,475	New	+$319K
1100	1100 Old Dominion Freight Line ODFL $34.1B	$319K	0%	1,928 +372	+24%	+$61.5K