NCM

Northland Capital Management Portfolio holdings

AUM $162M

This Quarter Return

+0.65%

1 Year Return

+8.4%

3 Year Return

+23.34%

5 Year Return

–

10 Year Return

–

AUM

$148M

AUM Growth

+$13M (+10%)

Cap. Flow

+$12.3M

Cap. Flow % of AUM

8.35%

Top 10 Holdings %Top 10 Hldgs %

72.81%

Holding

32

New

1

Increased

14

Reduced

15

Closed

1

Top Buys

1	iShares GNMA Bond ETF GNMA	$12.3M
2	Janus Henderson AAA CLO ETF JAAA	$7.89M
3	iShares ESG Aware 1-5 Year USD Corporate Bond ETF SUSB	$1.63M
4	PCMM BondBloxx Private Credit CLO ETF PCMM	$464K
5	PCLO VIRTUS SEIX AAA Private Credit CLO ETF PCLO	$316K

Top Sells

1	iShares 0-5 Year TIPS Bond ETF STIP	$8.96M
2	iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB	$741K
3	Dimensional US Sustainability Core 1 ETF DFSU	$183K
4	Avantis Responsible International Equity ETF AVSD	$172K
5	Dimensional International Sustainability Core 1 ETF DFSI	$120K

Sector Composition

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Avantis Responsible Emerging Markets Equity ETF AVSE $148M	$730K	0.49%	14,205 -1,113	-7%	-$57.2K
27	27 Dimensional Emerging Markets Sustainability Core 1 ETF DFSE $428M	$710K	0.48%	21,093 -2,195	-9%	-$73.9K
28	28 iShares ESG Aware MSCI USA Small-Cap ETF ESML $1.9B	$538K	0.36%	13,997 -722	-5%	-$27.7K
29	29 iShares National Muni Bond ETF MUB $38B	$373K	0.25%	3,540 +200	+6%	+$21.1K
30	30 iShares 0-3 Month Treasury Bond ETF SGOV $51.4B	$302K	0.2%	3,000 +1,000	+50%	+$101K
31	31 Vanguard Tax-Exempt Bond Index Fund VTEB $37.4B	$266K	0.18%	5,360	–	–
32	32 iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB $21.6B	–	–	-14,342	Closed	-$741K