NR

Newfound Research Portfolio holdings

AUM $40.8M
1-Year Return 12.42%
This Quarter Return
+3%
1 Year Return
-12.42%
3 Year Return
+54.59%
5 Year Return
+89.01%
10 Year Return
–
AUM
$177M
AUM Growth
+$1.11M
Cap. Flow
+$2.12M
Cap. Flow %
1.2%
Top 10 Hldgs %
60.3%
Holding
245
New
13
Increased
65
Reduced
42
Closed
22

Top Buys

1
REM icon
iShares Mortgage Real Estate ETF
REM
$10.5M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$10.2M
3
XLE icon
Energy Select Sector SPDR Fund
XLE
$8.25M
4
JXI icon
iShares Global Utilities ETF
JXI
$7.07M
5
IXC icon
iShares Global Energy ETF
IXC
$6.39M

Top Sells

1
EMLC icon
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$13.2M
2
IXG icon
iShares Global Financials ETF
IXG
$8.76M
3
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
$7.77M
4
XLI icon
Industrial Select Sector SPDR Fund
XLI
$5.04M
5
IXP icon
iShares Global Comm Services ETF
IXP
$3.85M

Sector Composition

1 Technology 0.01%
2 Healthcare 0.01%
3 Financials 0.01%
4 Consumer Staples 0.01%
5 Consumer Discretionary 0.01%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
GAP
151
The Gap, Inc.
GAP
$8.88B
$1K ﹤0.01%
17
– –
WTPI
152
WisdomTree Equity Premium Income Fund
WTPI
$294M
$1K ﹤0.01%
40
– –
LLL
153
DELISTED
L3 Technologies, Inc.
LLL
$1K ﹤0.01%
6
-2
-25% -$333
STI.PRE.CL
154
DELISTED
SunTrust Banks, Inc.
STI.PRE.CL
$1K ﹤0.01%
18
-2
-10% -$111
LKOR icon
155
FlexShares Credit-Scored US Long Corporate Bond Index Fund
LKOR
$42.7M
$0 ﹤0.01%
4
– –
AAL icon
156
American Airlines Group
AAL
$8.49B
$0 ﹤0.01%
5
– –
AES icon
157
AES
AES
$9.12B
$0 ﹤0.01%
17
-1
-6% –
BK icon
158
Bank of New York Mellon
BK
$74.4B
$0 ﹤0.01%
8
– –
CAH icon
159
Cardinal Health
CAH
$35.7B
$0 ﹤0.01%
5
– –
CCL icon
160
Carnival Corp
CCL
$43.1B
$0 ﹤0.01%
6
– –
FIDU icon
161
Fidelity MSCI Industrials Index ETF
FIDU
$1.5B
– –
-71,698
Closed -$2.71M
FLR icon
162
Fluor
FLR
$6.7B
$0 ﹤0.01%
3
– –
FMAT icon
163
Fidelity MSCI Materials Index ETF
FMAT
$438M
– –
-50,794
Closed -$1.67M
FTI icon
164
TechnipFMC
FTI
$16.3B
$0 ﹤0.01%
9
– –
GME icon
165
GameStop
GME
$10B
$0 ﹤0.01%
104
+4
+4% –
GWW icon
166
W.W. Grainger
GWW
$49.2B
– –
-1
Closed –
IP icon
167
International Paper
IP
$25.5B
$0 ﹤0.01%
10
– –
IPG icon
168
Interpublic Group of Companies
IPG
$9.83B
$0 ﹤0.01%
5
+3
+150% –
IQDF icon
169
FlexShares International Quality Dividend Index Fund
IQDF
$794M
$0 ﹤0.01%
6
-1
-14% –
ITM icon
170
VanEck Intermediate Muni ETF
ITM
$1.94B
– –
0
– –
IXG icon
171
iShares Global Financials ETF
IXG
$578M
– –
-126,643
Closed -$8.76M
IXP icon
172
iShares Global Comm Services ETF
IXP
$608M
– –
-67,118
Closed -$3.85M
JEF icon
173
Jefferies Financial Group
JEF
$13.4B
– –
-19
Closed –
LDOS icon
174
Leidos
LDOS
$22.9B
$0 ﹤0.01%
6
-4
-40% –
LEN icon
175
Lennar Class A
LEN
$35.8B
$0 ﹤0.01%
2
– –
5 6
7
8 9