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
51	51 Exxon Mobil XOM $476B	$785K	0.49%	6,600 +21	+0.3%	+$2.5K
52	52 First Trust Dorsey Wright Focus 5 ETF FV $3.76B	$747K	0.46%	13,612 -535	-4%	-$29.4K
53	53 SPDR S&P International Dividend ETF DWX $478M	$734K	0.46%	19,145 +98	+0.5%	+$3.76K
54	54 Alerian MLP ETF AMLP $10.5B	$680K	0.42%	13,089 +674	+5%	+$35K
55	55 iShares S&P Small-Cap 600 Value ETF IJS $6.32B	$676K	0.42%	6,935 -1,184	-15%	-$115K
56	56 iShares S&P 500 Value ETF IVE $40.2B	$673K	0.42%	3,530 -439	-11%	-$83.7K
57	57 3M MMM $80.6B	$651K	0.41%	4,435 -280	-6%	-$41.1K
58	58 Philip Morris PM $250B	$643K	0.4%	4,048 -9	-0.2%	-$1.43K
59	59 UnitedHealth UNH $255B	$630K	0.39%	1,203 -98	-8%	-$51.3K
60	60 Vanguard Small-Cap Value ETF VBR $30.7B	$599K	0.37%	3,217 -2,733	-46%	-$509K
61	61 Vanguard Mid-Cap ETF VO $86.5B	$593K	0.37%	2,293 -9	-0.4%	-$2.33K
62	62 Brookfield Infrastructure Partners BIP $14.8B	$592K	0.37%	19,875 -375	-2%	-$11.2K
63	63 PNC Financial Services PNC $77.2B	$591K	0.37%	3,364	–	–
64	64 Vanguard Materials ETF VAW $2.8B	$584K	0.36%	3,093 -25	-0.8%	-$4.72K
65	65 Vanguard Total International Stock ETF VXUS $98B	$576K	0.36%	9,282 +4	+0%	+$248
66	66 Cintas CTAS $90.1B	$574K	0.36%	2,792 +5	+0.2%	+$1.03K
67	67 Walt Disney DIS $218B	$571K	0.36%	5,786 +16	+0.3%	+$1.58K
68	68 Southern Company SO $105B	$570K	0.35%	6,198	–	–
69	69 iShares Expanded Tech-Software Sector ETF IGV $12.2B	$563K	0.35%	6,325 -100	-2%	-$8.9K
70	70 McDonald's MCD $213B	$559K	0.35%	1,790 -82	-4%	-$25.6K
71	71 Duke Energy DUK $93.2B	$558K	0.35%	4,578 +4	+0.1%	+$488
72	72 DNP Select Income Fund DNP $3.66B	$554K	0.34%	56,033 +1,051	+2%	+$10.4K
73	73 SPDR Bloomberg High Yield Bond ETF JNK $8.12B	$546K	0.34%	5,727 +63	+1%	+$6K
74	74 Walmart WMT $778B	$529K	0.33%	6,030 +176	+3%	+$15.5K
75	75 Evergy EVRG $16.1B	$517K	0.32%	7,495 +71	+1%	+$4.9K