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
101	101 Pfizer PFE $141B	$331K	0.21%	13,051 +134	+1%	+$3.4K
102	102 Kroger KR $47.2B	$328K	0.2%	4,852 +19	+0.4%	+$1.29K
103	103 Danaher DHR $147B	$328K	0.2%	1,599 -75	-4%	-$15.4K
104	104 Marriott International Class A Common Stock MAR $76.4B	$327K	0.2%	1,373 +54	+4%	+$12.9K
105	105 NEOS S&P 500 High Income ETF SPYI $4.39B	$319K	0.2%	6,654 +3	+0.1%	+$144
106	106 MicroStrategy MSTR $115B	$318K	0.2%	1,104 +200	+22%	+$57.7K
107	107 AT&T T $201B	$314K	0.2%	11,092 +54	+0.5%	+$1.53K
108	108 iShares Core S&P 500 ETF IVV $645B	$313K	0.19%	+556	New	+$313K
109	109 Altria Group MO $101B	$307K	0.19%	5,108 +17	+0.3%	+$1.02K
110	110 M&T Bank MTB $30.3B	$297K	0.18%	1,659 +9	+0.6%	+$1.61K
111	111 Electronic Arts EA $38.1B	$296K	0.18%	2,051 +3	+0.2%	+$434
112	112 iShares Russell Top 200 Growth ETF IWY $14.5B	$295K	0.18%	+1,400	New	+$295K
113	113 AbbVie ABBV $336B	$291K	0.18%	+1,390	New	+$291K
114	114 First Trust Industrials/Producer Durables AlphaDEX Fund FXR $1.92B	$286K	0.18%	4,100 -1,000	-20%	-$69.6K
115	115 Broadridge BR $29.8B	$279K	0.17%	1,152	–	–
116	116 Industrial Select Sector SPDR Fund XLI $23.1B	$275K	0.17%	2,094 +61	+3%	+$8K
117	117 Fidelity National Financial FNF $15.7B	$272K	0.17%	4,177 +3	+0.1%	+$195
118	118 ProShares S&P 500 Dividend Aristocrats ETF NOBL $11.7B	$269K	0.17%	2,631 +267	+11%	+$27.3K
119	119 Vanguard S&P 500 ETF VOO $704B	$266K	0.17%	518 +1	+0.2%	+$514
120	120 iShares US Technology ETF IYW $22.6B	$266K	0.17%	1,894	–	–
121	121 GE Aerospace GE $288B	$266K	0.17%	1,328	–	–
122	122 PepsiCo PEP $196B	$264K	0.16%	+1,758	New	+$264K
123	123 Cisco CSCO $272B	$260K	0.16%	4,216 -80	-2%	-$4.94K
124	124 First Trust NYSE Arca Biotechnology Index Fund FBT $1.03B	$257K	0.16%	1,512	–	–
125	125 Reaves Utility Income Fund UTG $3.38B	$255K	0.16%	7,837 +108	+1%	+$3.51K