Palladiem Portfolio holdings

AUM $92.6M

2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4

This Quarter Return

+1.41%

1 Year Return

+8.39%

3 Year Return

+5.52%

5 Year Return

–

10 Year Return

–

AUM

$122M

AUM Growth

–

Cap. Flow

+$122M

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

66.9%

Holding

217

New

217

Increased

–

Reduced

–

Closed

–

Top Buys

1	Vanguard Intermediate-Term Bond ETF BIV	$16.9M
2	Invesco S&P 500 Downside Hedged ETF PHDG	$12.1M
3	NYLI Hedge Multi-Strategy Tracker ETF QAI	$8.48M
4	iShares MSCI USA Quality Factor ETF QUAL	$7.97M
5	PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund MUNI	$7M

Top Sells

No sells this quarter

Sector Composition

1	Consumer Staples	1.18%
2	Healthcare	0.68%
3	Industrials	0.68%
4	Consumer Discretionary	0.48%
5	Energy	0.35%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
151	151 Fastenal FAST $56.8B	$7K	0.01%	+142	New	+$7K
152	152 HSBC HSBC $222B	$7K	0.01%	+143	New	+$7K
153	153 ORIX IX $29.4B	$7K	0.01%	+112	New	+$7K
154	MZTI 154 The Marzetti Company Common Stock MZTI $5B	$7K	0.01%	+78	New	+$7K
155	155 Polaris PII $3.11B	$7K	0.01%	+44	New	+$7K
156	156 Commerce Bancshares CBSH $8.23B	$6K	﹤0.01%	+132	New	+$6K
157	157 Jack Henry & Associates JKHY $11.7B	$6K	﹤0.01%	+91	New	+$6K
158	158 United Bankshares UBSI $5.38B	$6K	﹤0.01%	+171	New	+$6K
159	RENX 159 DELISTED RELX N.V. RENX	$6K	﹤0.01%	+126	New	+$6K
160	160 Nomura Holdings NMR $20.9B	$5K	﹤0.01%	+960	New	+$5K
161	161 SEI Investments SEIC $10.8B	$5K	﹤0.01%	+133	New	+$5K
162	162 Murphy Oil MUR $3.64B	$5K	﹤0.01%	+92	New	+$5K
163	163 Nice NICE $8.61B	$5K	﹤0.01%	+96	New	+$5K
164	164 CRH CRH $74.7B	$4K	﹤0.01%	+155	New	+$4K
165	165 Dover DOV $24.1B	$4K	﹤0.01%	+54	New	+$4K
166	166 NatWest NWG $55.4B	$4K	﹤0.01%	+339	New	+$4K
167	167 RLI Corp RLI $6.2B	$4K	﹤0.01%	+86	New	+$4K
168	168 Stellantis STLA $27.3B	$4K	﹤0.01%	+368	New	+$4K
169	CDK 169 DELISTED CDK Global, Inc. CDK	$4K	﹤0.01%	+92	New	+$4K
170	VE 170 DELISTED VEOLIA ENVIRONNEMENT VE	$4K	﹤0.01%	+240	New	+$4K
171	171 Cintas CTAS $83.6B	$3K	﹤0.01%	+41	New	+$3K
172	172 Emerson Electric EMR $73.5B	$3K	﹤0.01%	+54	New	+$3K
173	173 Ericsson ERIC $26B	$3K	﹤0.01%	+278	New	+$3K
174	174 ING ING $70.3B	$3K	﹤0.01%	+216	New	+$3K
175	175 Maximus MMS $4.96B	$3K	﹤0.01%	+56	New	+$3K