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
1401	1401 Builders FirstSource BLDR $13B	$0	0%	0 -1,758	Closed	–
1402	1402 Scotiabank BNS $64B	$0	0%	0 -4,905	Closed	–
1403	1403 PIMCO Active Bond Exchange-Traded Fund BOND $5.46B	$0	0%	0 -6,799	Closed	–
1404	1404 Cognex CGNX $5.35B	$0	0%	0 -7,459	Closed	–
1405	1405 Carter's CRI $1.32B	$0	0%	0 -5,369	Closed	–
1406	1406 Vanguard World Funds Extended Duration ETF EDV $3.32B	$0	0%	0 -7,538	Closed	–
1407	1407 WisdomTree Emerging Markets Corporate Bond Fund EMCB $71.1M	$0	0%	0 -3,088	Closed	–
1408	1408 First Trust North American Energy Infrastructure Fund EMLP $3.16B	$0	0%	0 -7,880	Closed	–
1409	1409 EPAM Systems EPAM $10.5B	$0	0%	0 -1,046	Closed	–
1410	1410 iShares MSCI Taiwan ETF EWT $5.39B	$0	0%	0 -4,240	Closed	–
1411	1411 First Trust Emerging Markets Small Cap AlphaDEX Fund FEMS $241M	$0	0%	0 -82,130	Closed	–
1412	1412 GameStop GME $13.8B	$0	0%	0 -14,347	Closed	–
1413	1413 Generac Holdings GNRC $7.53B	$0	0%	0 -2,192	Closed	–
1414	1414 Goldman Sachs MarketBeta US Equity ETF GSUS $2.56B	$0	0%	0 -5,343	Closed	–
1415	1415 Hartford Total Return Bond ETF HTRB $1.95B	$0	0%	0 -81,997	Closed	–
1416	1416 Hexcel HXL $4.35B	$0	0%	0 -3,862	Closed	–
1417	1417 Inspire Medical Systems INSP $4.41B	$0	0%	0 -1,686	Closed	–
1418	1418 iShares Morningstar Small-Cap ETF ISCB $225M	$0	0%	0 -3,517	Closed	–
1419	1419 Southwest Airlines LUV $18.2B	$0	0%	0 -7,658	Closed	–
1420	1420 Las Vegas Sands LVS $29.8B	$0	0%	0 -5,674	Closed	–
1421	1421 Lamb Weston LW $7.31B	$0	0%	0 -3,066	Closed	–
1422	1422 Magnite MGNI $2.24B	$0	0%	0 -36,823	Closed	–
1423	1423 Mueller Industries MLI $8.75B	$0	0%	0 -3,620	Closed	–
1424	1424 Match Group MTCH $7.11B	$0	0%	0 -6,955	Closed	–
1425	1425 Peapack-Gladstone Financial PGC $519M	$0	0%	0 -9,414	Closed	–