Probity Advisors Portfolio holdings

AUM $569M

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2

This Quarter Return

+9.7%

1 Year Return

+11.93%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$291M

AUM Growth

+$291M (+7.9%)

Cap. Flow

-$2.9M

Cap. Flow % of AUM

-1%

Top 10 Holdings % Top 10 Hldgs %

40.89%

Holding

166

New

Increased

Reduced

Closed

Top Buys

1	iShares 0-5 Year Investment Grade Corporate Bond ETF SLQD	$394K
2	SPDR S&P 600 Small Cap Value ETF SLYV	$365K
3	Arista Networks ANET	$358K
4	iShares 1-3 Year Treasury Bond ETF SHY	$296K
5	Kraft Heinz KHC	$259K

Top Sells

1	iShares Short-Term National Muni Bond ETF SUB	$1.71M
2	iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB	$984K
3	Vanguard Value ETF VTV	$935K
4	iShares S&P 500 Growth ETF IVW	$703K
5	iShares iBoxx $ Investment Grade Corporate Bond ETF LQD	$484K

Sector Composition

1	Technology	5.03%
2	Healthcare	4.39%
3	Industrials	4.14%
4	Consumer Staples	3.81%
5	Financials	3.62%

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 Biogen BIIB $20.8B	$262K	0.09%	1,107 +39	+4%	+$9.23K
152	152 Kraft Heinz KHC $31.9B	$259K	0.09%	+7,926	New	+$259K
153	153 Constellation Brands STZ $25.8B	$257K	0.09%	+1,465	New	+$257K
154	154 Waste Management WM $90.4B	$243K	0.08%	2,339 -225	-9%	-$23.4K
155	155 Accenture ACN $158B	$237K	0.08%	+1,346	New	+$237K
156	156 eBay EBAY $41.2B	$236K	0.08%	+6,342	New	+$236K
157	157 Infosys INFY $69B	$222K	0.08%	20,283 +989	+5%	+$10.8K
158	158 Kimberly-Clark KMB $42.5B	$220K	0.08%	1,774 -162	-8%	-$20.1K
159	159 Energy Transfer Partners ET $60.3B	$209K	0.07%	+13,601	New	+$209K
160	160 Crown Castle CCI $42.3B	$209K	0.07%	+1,629	New	+$209K
161	161 Cognizant CTSH $35.1B	$208K	0.07%	+2,875	New	+$208K
162	162 Broadcom AVGO $1.42T	$202K	0.07%	+673	New	+$202K
163	CELG 163 DELISTED Celgene Corp CELG	$200K	0.07%	+2,119	New	+$200K
164	164 iShares MSCI Emerging Markets ETF EEM $19B	$200K	0.07%	+4,671	New	+$200K
165	STMP 165 DELISTED Stamps.com, Inc. STMP	–	–	-1,935	Closed	-$301K
166	166 CVS Health CVS $93B	–	–	-4,224	Closed	-$277K