RFS

Richardson Financial Services Portfolio holdings

AUM $131M

This Quarter Return

-0.37%

1 Year Return

+8.49%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$131M

AUM Growth

-$10.9M (-8%)

Cap. Flow

-$8.38M

Cap. Flow % of AUM

-6.38%

Top 10 Holdings %Top 10 Hldgs %

28.02%

Holding

652

New

Increased

158

Reduced

198

Closed

Top Buys

1	SPDR Portfolio Developed World ex-US ETF SPDW	$1.31M
2	Energy Select Sector SPDR Fund XLE	$988K
3	Technology Select Sector SPDR Fund XLK	$923K
4	SPDR Portfolio Europe ETF SPEU	$653K
5	CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF CERY	$461K

Top Sells

1	Vanguard Growth ETF VUG	$1.93M
2	Vanguard Value ETF VTV	$1.67M
3	Vanguard FTSE Developed Markets ETF VEA	$1.6M
4	SPDR Portfolio S&P 500 ETF SPLG	$1.25M
5	Vanguard Tax-Exempt Bond Index Fund VTEB	$948K

Sector Composition

1	Technology	12.56%
2	Financials	7.25%
3	Consumer Discretionary	4.69%
4	Healthcare	4.22%
5	Communication Services	3.86%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Apple AAPL $3.15T	$5.91M	4.5%	26,595 -28	-0.1%	-$6.22K
2	2 SPDR Portfolio S&P 500 ETF SPLG $75.6B	$5.33M	4.05%	80,999 -19,057	-19%	-$1.25M
3	3 Vanguard Value ETF VTV $139B	$4.79M	3.64%	27,719 -9,664	-26%	-$1.67M
4	4 SPDR Portfolio Developed World ex-US ETF SPDW $26.9B	$4.34M	3.3%	119,070 +36,071	+43%	+$1.31M
5	5 Vanguard Growth ETF VUG $179B	$3.63M	2.76%	9,791 -5,193	-35%	-$1.93M
6	6 SPDR Portfolio Emerging Markets ETF SPEM $12.5B	$3.21M	2.44%	81,548 +4,075	+5%	+$160K
7	7 Vanguard S&P 500 ETF VOO $693B	$2.7M	2.06%	5,260 -290	-5%	-$149K
8	8 NVIDIA NVDA $4.2T	$2.46M	1.87%	22,689 +269	+1%	+$29.2K
9	9 iShares iBoxx $ High Yield Corporate Bond ETF HYG $17.2B	$2.23M	1.7%	28,330 -985	-3%	-$77.7K
10	10 iShares Core MSCI Emerging Markets ETF IEMG $99.2B	$2.21M	1.68%	40,986 -678	-2%	-$36.6K
11	11 Microsoft MSFT $3.79T	$2.2M	1.67%	5,856 -32	-0.5%	-$12K
12	12 iShares Core MSCI Europe ETF IEUR $6.88B	$1.97M	1.5%	32,812 +2,307	+8%	+$139K
13	13 Vanguard Small-Cap Growth ETF VBK $19.4B	$1.78M	1.36%	7,085 -297	-4%	-$74.8K
14	14 Amazon AMZN $2.4T	$1.61M	1.23%	8,477 -4	-0.1%	-$761
15	15 Visa V $682B	$1.52M	1.15%	4,329 -16	-0.4%	-$5.61K
16	16 iShares 0-5 Year High Yield Corporate Bond ETF SHYG $6.84B	$1.45M	1.1%	34,072 -2,865	-8%	-$122K
17	17 Alphabet (Google) Class A GOOGL $2.25T	$1.44M	1.1%	9,308 +76	+0.8%	+$11.8K
18	18 iShares Core MSCI Pacific ETF IPAC $1.76B	$1.34M	1.02%	21,567 -1,160	-5%	-$72.2K
19	19 Mastercard MA $502B	$1.3M	0.99%	2,375	–	–
20	20 T-Mobile US TMUS $258B	$1.29M	0.99%	4,854	–	–
21	21 Vanguard Small-Cap Value ETF VBR $30.2B	$1.28M	0.98%	6,882 +179	+3%	+$33.3K
22	22 UnitedHealth UNH $256B	$1.25M	0.95%	2,395 -9	-0.4%	-$4.71K
23	23 JPMorgan Chase JPM $801B	$1.21M	0.92%	4,925 -30	-0.6%	-$7.36K
24	24 iShares Treasury Floating Rate Bond ETF TFLO $6.75B	$1.07M	0.81%	21,049 -1,605	-7%	-$81.3K
25	25 Home Depot HD $358B	$1.05M	0.8%	2,855	–	–