PFS Investments Portfolio holdings

AUM $6.12B

AUM

$6.12B

AUM Growth

+$355M (+6%)

Cap. Flow

+$290M

Cap. Flow % of AUM

4.74%

Top 10 Holdings %Top 10 Hldgs %

21.59%

Holding

543

New

Increased

364

Reduced

107

Closed

Top Buys

1	M&T Bank MTB	$28M
2	iShares Core MSCI EAFE ETF IEFA	$27M
3	Invesco Russell 1000 Dynamic Multifactor ETF OMFL	$24.4M
4	CRH CRH	$20.1M
5	Capital One COF	$17M

Top Sells

1	SPDR Bloomberg 1-3 Month T-Bill ETF BIL	$120M
2	iShares Core S&P 500 ETF IVV	$46.4M
3	Broadcom AVGO	$26.3M
4	Invesco QQQ Trust QQQ	$19.9M
5	iShares MSCI Japan ETF EWJ	$13.3M

Sector Composition

1	Technology	9.14%
2	Healthcare	7.35%
3	Financials	5.87%
4	Industrials	4.43%
5	Energy	3.63%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
51	51 Invesco Taxable Municipal Bond ETF BAB $913M	$33.6M	0.55%	1,264,891 +33,182	+3%	+$881K
52	52 Travelers Companies TRV $62B	$32.5M	0.53%	187,300 +9,398	+5%	+$1.63M
53	53 Vanguard Total Bond Market BND $126B	$32.4M	0.53%	445,460 +61,185	+16%	+$4.45M
54	54 Invesco FTSE RAFI Developed Markets ex-US ETF PXF $2.02B	$32.3M	0.53%	717,398 +687	+0.1%	+$30.9K
55	55 iShares Core S&P Mid-Cap ETF IJH $93.4B	$32.2M	0.53%	123,120 -26,207	-18%	-$6.85M
56	56 Invesco Russell 2000 Dynamic Multifactor ETF OMFS $237M	$31.4M	0.51%	866,963 +38,422	+5%	+$1.39M
57	57 Corning GLW $43.4B	$31M	0.51%	885,248 +35,105	+4%	+$1.23M
58	58 iShares Broad USD High Yield Corporate Bond ETF USHY $22.6B	$30.5M	0.5%	864,077 -233,067	-21%	-$8.23M
59	59 Evergy EVRG $15B	$30.3M	0.49%	517,887 +26,331	+5%	+$1.54M
60	60 Philip Morris PM $283B	$30.2M	0.49%	309,114 +14,092	+5%	+$1.38M
61	61 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $30.6B	$29.9M	0.49%	276,794 +23,597	+9%	+$2.55M
62	62 SPDR DoubleLine Total Return Tactical ETF TOTL $3.69B	$29.3M	0.48%	721,416 +59,811	+9%	+$2.43M
63	63 Tyson Foods TSN $19.7B	$29.1M	0.48%	571,013 +34,134	+6%	+$1.74M
64	64 UnitedHealth UNH $275B	$28.9M	0.47%	60,118 +3,231	+6%	+$1.55M
65	65 iShares Core S&P Small-Cap ETF IJR $78.4B	$28.7M	0.47%	287,510 +148,741	+107%	+$14.8M
66	66 Invesco S&P Emerging Markets Low Volatility ETF EELV $385M	$28M	0.46%	1,190,028 +8,498	+0.7%	+$200K
67	67 Vanguard Dividend Appreciation ETF VIG $90.4B	$27.3M	0.45%	168,044 -1,983	-1%	-$322K
68	68 Invesco Fundamental High Yield Corporate Bond ETF PHB $339M	$27M	0.44%	1,543,592 +16,460	+1%	+$288K
69	69 iShares MSCI All Country Asia ex Japan ETF AAXJ $2.6B	$27M	0.44%	405,874 -47,677	-11%	-$3.17M
70	70 VanEck Fallen Angel High Yield Bond ETF ANGL $2.81B	$26.8M	0.44%	965,987 +65,128	+7%	+$1.81M
71	71 Invesco S&P MidCap Low Volatility ETF XMLV $823M	$26.8M	0.44%	518,329 +22,182	+4%	+$1.15M
72	72 PIMCO Active Bond Exchange-Traded Fund BOND $5.5B	$26.6M	0.43%	289,994 +23,258	+9%	+$2.13M
73	73 Invesco S&P International Developed Low Volatility ETF IDLV $401M	$26.5M	0.43%	968,125 -813	-0.1%	-$22.2K
74	74 Invesco Investment Grade Defensive ETF IIGD $25.7M	$26.4M	0.43%	1,110,591 +18,971	+2%	+$451K
75	75 Invesco FTSE RAFI US 1500 Small-Mid ETF PRFZ $2.35B	$26.1M	0.43%	151,921 +7,085	+5%	+$1.22M