NPFS

Novak & Powell Financial Services Portfolio holdings

AUM $161M

This Quarter Return

-1.98%

1 Year Return

+8.77%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$161M

AUM Growth

-$7.19M (-4%)

Cap. Flow

-$2.28M

Cap. Flow % of AUM

-1.42%

Top 10 Holdings %Top 10 Hldgs %

38.17%

Holding

161

New

Increased

Reduced

Closed

Top Buys

1	Vanguard Financials ETF VFH	$1.15M
2	Vanguard Small-Cap ETF VB	$432K
3	iShares S&P 500 Growth ETF IVW	$385K
4	Stryker SYK	$372K
5	iShares Core S&P 500 ETF IVV	$313K

Top Sells

1	iShares 0-3 Month Treasury Bond ETF SGOV	$862K
2	Vanguard Small-Cap Value ETF VBR	$509K
3	Dimensional Emerging Core Equity Market ETF DFAE	$397K
4	Vanguard Short-Term Corporate Bond ETF VCSH	$382K
5	TTEQ T. Rowe Price Technology ETF TTEQ	$313K

Sector Composition

1	Technology	11.4%
2	Financials	5.86%
3	Healthcare	2.86%
4	Industrials	2.86%
5	Consumer Staples	2.75%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Vanguard Growth ETF VUG $182B	$9.8M	6.09%	26,416 -687	-3%	-$255K
2	2 Invesco QQQ Trust QQQ $359B	$9.14M	5.69%	19,490 -470	-2%	-$220K
3	3 Apple AAPL $3.19T	$8.71M	5.42%	39,206 -376	-1%	-$83.5K
4	4 Vanguard Large-Cap ETF VV $43.7B	$7.69M	4.78%	29,902 +432	+1%	+$111K
5	5 SPDR S&P 500 ETF Trust SPY $655B	$5.7M	3.54%	10,183 +341	+3%	+$191K
6	6 Vanguard Value ETF VTV $142B	$4.71M	2.93%	27,291 -1,658	-6%	-$286K
7	7 Microsoft MSFT $3.8T	$4.34M	2.7%	11,556 -156	-1%	-$58.6K
8	8 Berkshire Hathaway Class B BRK.B $1.04T	$4.09M	2.55%	7,688 -340	-4%	-$181K
9	9 Vanguard Dividend Appreciation ETF VIG $94.3B	$3.61M	2.24%	18,592 -220	-1%	-$42.7K
10	10 Vanguard Total World Stock ETF VT $50B	$3.57M	2.22%	30,779 +263	+0.9%	+$30.5K
11	11 SPDR Dow Jones Industrial Average ETF Trust DIA $38.5B	$3.36M	2.09%	8,000 +77	+1%	+$32.3K
12	12 Vanguard Total Stock Market ETF VTI $514B	$3.03M	1.89%	11,027 -69	-0.6%	-$19K
13	13 Vanguard Short-Term Corporate Bond ETF VCSH $34.3B	$2.68M	1.67%	34,013 -4,837	-12%	-$382K
14	14 iShares S&P Small-Cap 600 Growth ETF IJT $6.14B	$2.53M	1.58%	22,620 -1,070	-5%	-$120K
15	15 First Trust Dow Jones Internet Index Fund ETF FDN $7.41B	$2.51M	1.56%	11,303 -50	-0.4%	-$11.1K
16	16 NVIDIA NVDA $4.24T	$2.48M	1.54%	22,868 -46	-0.2%	-$4.99K
17	17 iShares Core S&P Mid-Cap ETF IJH $98.6B	$2.37M	1.48%	40,688 -2,474	-6%	-$144K
18	18 iShares Gold Trust IAU $47.8B	$2.25M	1.4%	38,235 -277	-0.7%	-$16.3K
19	19 iShares Core S&P Small-Cap ETF IJR $82.3B	$2.08M	1.29%	19,849 -1,529	-7%	-$160K
20	20 First Trust NASDAQ-100 Technology Index Fund QTEC $2.76B	$1.94M	1.21%	11,167 -20	-0.2%	-$3.47K
21	21 Vanguard Health Care ETF VHT $15.5B	$1.69M	1.05%	6,396 +138	+2%	+$36.5K
22	22 Vanguard Financials ETF VFH $12.8B	$1.67M	1.04%	13,961 +9,614	+221%	+$1.15M
23	23 iShares S&P Mid-Cap 400 Value ETF IJJ $7.91B	$1.58M	0.98%	13,157 -1,564	-11%	-$187K
24	24 Vanguard Real Estate ETF VNQ $34.4B	$1.55M	0.96%	17,103 -562	-3%	-$50.9K
25	25 Procter & Gamble PG $372B	$1.52M	0.95%	8,939 +89	+1%	+$15.2K