PCA

PMV Capital Advisers Portfolio holdings

AUM $44.9M

This Quarter Return

+1.89%

1 Year Return

–

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$41.2M

AUM Growth

+$4.04M (+11%)

Cap. Flow

+$3.52M

Cap. Flow % of AUM

8.55%

Top 10 Holdings %Top 10 Hldgs %

78.52%

Holding

106

New

Increased

Reduced

Closed

Top Buys

1	AGF US Market Neutral Anti-Beta Fund BTAL	$2.71M
2	KFA Mount Lucas Managed Futures Index Strategy ETF KMLM	$2.14M
3	Invesco QQQ Trust QQQ	$1.68M
4	PMV Adaptive Risk Parity ETF ARP	$1.6M
5	WisdomTree Bloomberg US Dollar Bullish Fund USDU	$768K

Top Sells

1	SPDR Gold Trust GLD	$951K
2	NEOS Enhanced Income 1-3 Month T-Bill ETF CSHI	$878K
3	First Trust Enhanced Short Maturity ETF FTSM	$817K
4	JPMorgan Ultra-Short Income ETF JPST	$812K
5	iShares Core S&P 500 ETF IVV	$732K

Sector Composition

1	Technology	3.25%
2	Healthcare	2.38%
3	Consumer Staples	1.19%
4	Energy	1.07%
5	Communication Services	0.85%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 PMV Adaptive Risk Parity ETF ARP $42.3M	$11.7M	28.49%	424,108 +57,721	+16%	+$1.6M
2	2 iShares Core S&P 500 ETF IVV $631B	$5.21M	12.65%	9,268 -1,303	-12%	-$732K
3	3 AGF US Market Neutral Anti-Beta Fund BTAL $310M	$2.79M	6.77%	133,705 +129,935	+3,447%	+$2.71M
4	4 KFA Mount Lucas Managed Futures Index Strategy ETF KMLM $187M	$2.62M	6.36%	96,016 +78,315	+442%	+$2.14M
5	5 ProShares Ultra Gold UGL $488M	$2.28M	5.54%	17,724 -3,616	-17%	-$465K
6	6 SPDR Gold Trust GLD $102B	$2M	4.86%	6,941 -3,300	-32%	-$951K
7	7 Invesco QQQ Trust QQQ $356B	$1.68M	4.08%	+3,581	New	+$1.68M
8	8 iShares 20+ Year Treasury Bond ETF TLT $47B	$1.6M	3.88%	17,565 -7,085	-29%	-$645K
9	9 ProShares Ultra S&P500 SSO $6.52B	$1.47M	3.58%	17,818 -1,852	-9%	-$153K
10	10 WisdomTree Bloomberg US Dollar Bullish Fund USDU $131M	$952K	2.31%	34,933 +28,160	+416%	+$768K
11	11 Direxion Daily S&P 500 Bull 3x Shares SPXL $5.59B	$941K	2.28%	6,701 -222	-3%	-$31.2K
12	12 Apple AAPL $3.12T	$867K	2.11%	3,904 +3	+0.1%	+$666
13	13 ProShares UltraPro QQQ TQQQ $27.1B	$620K	1.51%	10,817 +7,241	+202%	+$415K
14	14 ProShares Ultra QQQ QLD $8.89B	$609K	1.48%	6,847 +4,196	+158%	+$373K
15	15 ProShares Ultra 20+ Year Treasury UBT $136M	$509K	1.24%	28,016 +89	+0.3%	+$1.62K
16	16 JPMorgan Ultra-Short Income ETF JPST $32B	$451K	1.1%	8,917 -16,042	-64%	-$812K
17	17 UnitedHealth UNH $273B	$437K	1.06%	835	–	–
18	18 First Trust Enhanced Short Maturity ETF FTSM $6.35B	$413K	1%	6,907 -13,659	-66%	-$817K
19	19 NEOS Enhanced Income 1-3 Month T-Bill ETF CSHI $544M	$413K	1%	8,315 -17,681	-68%	-$878K
20	20 Exxon Mobil XOM $491B	$388K	0.94%	3,262	–	–
21	21 Novo Nordisk NVO $306B	$368K	0.89%	5,301 +9	+0.2%	+$625
22	22 Direxion Daily 20+ Year Treasury Bull 3X Shares TMF $4.67B	$343K	0.83%	7,791 +663	+9%	+$29.2K
23	23 Procter & Gamble PG $360B	$341K	0.83%	2,000	–	–
24	24 Microsoft MSFT $3.74T	$127K	0.31%	339 +1	+0.3%	+$375
25	25 Alphabet (Google) Class C GOOG $2.22T	$117K	0.28%	747 +3	+0.4%	+$469