OWM

Orgel Wealth Management Portfolio holdings

AUM $4.15B

This Quarter Return

-0.7%

1 Year Return

+9.57%

3 Year Return

+22.38%

5 Year Return

+41.59%

10 Year Return

–

AUM

$3.85B

AUM Growth

+$19M (+0.5%)

Cap. Flow

+$57.5M

Cap. Flow % of AUM

1.49%

Top 10 Holdings %Top 10 Hldgs %

71.57%

Holding

New

Increased

Reduced

Closed

Top Buys

1	iShares MSCI USA Quality Factor ETF QUAL	$103M
2	PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund PMBS	$72.3M
3	SPDR Portfolio S&P 500 Growth ETF SPYG	$30.8M
4	iShares Core S&P 500 ETF IVV	$18.1M
5	Schwab US Dividend Equity ETF SCHD	$12.8M

Top Sells

1	Janus Henderson Small Cap Growth Alpha ETF JSML	$72.9M
2	Vanguard Total Bond Market BND	$70.8M
3	Vanguard S&P Small-Cap 600 ETF VIOO	$42.7M
4	Vanguard ESG US Stock ETF ESGV	$6.56M
5	Vanguard Tax-Exempt Bond Index Fund VTEB	$4.63M

Sector Composition

1	Technology	0.09%
2	Financials	0.04%
3	Industrials	0.02%
4	Communication Services	0.02%
5	Consumer Discretionary	0.01%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Vanguard Short-Term Treasury ETF VGSH $22.7B	$442M	11.49%	7,535,912 +125,785	+2%	+$7.38M
2	2 iShares National Muni Bond ETF MUB $38.4B	$358M	9.29%	3,390,855 +24,226	+0.7%	+$2.55M
3	3 Schwab US Dividend Equity ETF SCHD $70.5B	$322M	8.37%	11,520,110 +457,867	+4%	+$12.8M
4	4 iShares MSCI USA Quality Factor ETF QUAL $53B	$322M	8.36%	1,883,917 +601,089	+47%	+$103M
5	5 SPDR Portfolio S&P 500 Growth ETF SPYG $38.5B	$297M	7.71%	3,692,948 +382,969	+12%	+$30.8M
6	6 iShares Core S&P 500 ETF IVV $632B	$274M	7.11%	487,398 +32,248	+7%	+$18.1M
7	PMBS 7 PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund PMBS $565M	$212M	5.51%	4,325,944 +1,473,537	+52%	+$72.3M
8	8 Vanguard International High Dividend Yield ETF VYMI $10.9B	$190M	4.94%	2,578,996 -10,228	-0.4%	-$754K
9	9 Schwab International Equity ETF SCHF $48.5B	$171M	4.43%	8,620,943 +249,002	+3%	+$4.93M
10	10 Vanguard Total Bond Market BND $130B	$168M	4.36%	2,285,794 -963,739	-30%	-$70.8M
11	11 IQ MacKay Municipal Insured ETF MMIN $322M	$145M	3.77%	6,144,016 +15,202	+0.3%	+$359K
12	12 Vanguard Tax-Exempt Bond Index Fund VTEB $37.5B	$122M	3.17%	2,456,907 -93,396	-4%	-$4.63M
13	13 Vanguard Mid-Cap Value ETF VOE $18B	$119M	3.09%	741,179 +45,271	+7%	+$7.27M
14	14 Vanguard S&P Small-Cap 600 ETF VIOO $2.93B	$115M	2.98%	1,187,480 -442,454	-27%	-$42.7M
15	15 Schwab US Large- Cap ETF SCHX $56.6B	$102M	2.66%	4,633,176 +3,117	+0.1%	+$68.8K
16	16 Franklin US Mid Cap Multifactor Index ETF FLQM $1.64B	$78.4M	2.04%	1,478,842 -58,508	-4%	-$3.1M
17	17 Fidelity Quality Factor ETF FQAL $1.05B	$60.6M	1.57%	944,390 -20,383	-2%	-$1.31M
18	18 iShares Core MSCI EAFE ETF IEFA $141B	$55.5M	1.44%	733,931 -1,570	-0.2%	-$119K
19	19 Schwab Emerging Markets Equity ETF SCHE $10.4B	$51.5M	1.34%	1,869,724 +79,855	+4%	+$2.2M
20	20 Vanguard Mid-Cap Growth ETF VOT $17.3B	$50.9M	1.32%	207,994 -6,629	-3%	-$1.62M
21	21 Invesco S&P 500 Quality ETF SPHQ $14.1B	$27.6M	0.72%	416,386 +41,840	+11%	+$2.78M
22	22 iShares Morningstar Mid-Cap Value ETF IMCV $714M	$25.3M	0.66%	340,525 -2,837	-0.8%	-$210K
23	23 iShares Morningstar Mid-Cap Growth ETF IMCG $2.82B	$21.4M	0.56%	300,058 -12,214	-4%	-$872K
24	24 iShares Core MSCI Emerging Markets ETF IEMG $98.4B	$18.3M	0.47%	338,343 +2,127	+0.6%	+$115K
25	25 Vanguard ESG US Stock ETF ESGV $10.8B	$13.5M	0.35%	137,812 -66,963	-33%	-$6.56M