NDWM LLC Portfolio holdings

AUM $102M

This Quarter Return

-2.03%

1 Year Return

+6.98%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$102M

AUM Growth

-$17.3M (-14%)

Cap. Flow

-$13.4M

Cap. Flow % of AUM

-13.06%

Top 10 Holdings %Top 10 Hldgs %

84.7%

Holding

New

Increased

Reduced

Closed

Top Buys

1	iShares California Muni Bond ETF CMF	$1.75M
2	iShares Core US Aggregate Bond ETF AGG	$1.05M
3	iShares National Muni Bond ETF MUB	$563K
4	iShares Short-Term National Muni Bond ETF SUB	$559K
5	iShares 0-5 Year High Yield Corporate Bond ETF SHYG	$555K

Top Sells

1	SPDR S&P 500 ETF Trust SPY	$7.71M
2	iShares S&P Small-Cap 600 Value ETF IJS	$2.76M
3	iShares Core S&P Small-Cap ETF IJR	$2.55M
4	iShares Core S&P 500 ETF IVV	$2M
5	Technology Select Sector SPDR Fund XLK	$1.98M

Sector Composition

1	Financials	3.27%
2	Technology	3.02%
3	Consumer Discretionary	0.88%
4	Healthcare	0.22%
5	Communication Services	0.21%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares Core S&P 500 ETF IVV $634B	$36.9M	36.08%	65,696 -3,551	-5%	-$2M
2	2 SPDR Bloomberg 3-12 Month T-Bill ETF BILS $3.82B	$16.7M	16.32%	167,836 +2,788	+2%	+$277K
3	3 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $41.9B	$10.8M	10.57%	117,893 -3,926	-3%	-$360K
4	4 Invesco S&P 500 Equal Weight ETF RSP $74B	$6.38M	6.24%	36,826 +1,218	+3%	+$211K
5	5 SPDR S&P 500 ETF Trust SPY $647B	$3.39M	3.31%	6,058 -13,776	-69%	-$7.71M
6	6 Berkshire Hathaway Class B BRK.B $1.03T	$3.34M	3.27%	6,273 +406	+7%	+$216K
7	7 iShares Core US Aggregate Bond ETF AGG $128B	$2.66M	2.6%	26,882 +10,638	+65%	+$1.05M
8	8 iShares California Muni Bond ETF CMF $3.47B	$2.45M	2.4%	43,571 +31,076	+249%	+$1.75M
9	9 ServiceNow NOW $198B	$2.03M	1.98%	2,549 +134	+6%	+$107K
10	10 ALPS Equal Sector Weight ETF EQL $534M	$1.98M	1.94%	15,731 +202	+1%	+$25.4K
11	11 Technology Select Sector SPDR Fund XLK $82.4B	$1.64M	1.61%	7,965 -9,607	-55%	-$1.98M
12	12 iShares 1-3 Year Treasury Bond ETF SHY $23.6B	$1.61M	1.58%	19,491 +1,958	+11%	+$162K
13	13 iShares 0-5 Year Investment Grade Corporate Bond ETF SLQD $2.29B	$1.48M	1.45%	29,407 +10,722	+57%	+$539K
14	14 SPDR Gold Trust GLD $102B	$1.4M	1.37%	4,860 +1,315	+37%	+$379K
15	15 Invesco QQQ Trust QQQ $359B	$968K	0.95%	2,065 -3,700	-64%	-$1.74M
16	16 Tesla TSLA $1.05T	$897K	0.88%	3,462 -101	-3%	-$26.2K
17	17 iShares 0-5 Year High Yield Corporate Bond ETF SHYG $6.83B	$825K	0.81%	19,403 +13,060	+206%	+$555K
18	18 Apple AAPL $3.14T	$747K	0.73%	3,364 +44	+1%	+$9.78K
19	19 iShares New York Muni Bond ETF NYF $877M	$662K	0.65%	12,583	–	–
20	20 Invesco New York AMT-Free Municipal Bond ETF PZT $131M	$650K	0.63%	29,390	–	–
21	21 WisdomTree US Efficient Core Fund NTSX $1.21B	$627K	0.61%	13,828 -1,217	-8%	-$55.1K
22	22 iShares National Muni Bond ETF MUB $38.3B	$563K	0.55%	+5,337	New	+$563K
23	23 iShares Short-Term National Muni Bond ETF SUB $9.96B	$559K	0.55%	+5,289	New	+$559K
24	24 SPDR Portfolio S&P 500 High Dividend ETF SPYD $6.98B	$530K	0.52%	+11,982	New	+$530K
25	25 Sprott Physical Gold PHYS $11.6B	$459K	0.45%	19,065	–	–