RFS

Richardson Financial Services Portfolio holdings

AUM $131M

AUM

$131M

AUM Growth

-$10.9M (-8%)

Cap. Flow

-$3.53M

Cap. Flow % of AUM

-2.69%

Top 10 Holdings %Top 10 Hldgs %

28.02%

Holding

652

New

46

Increased

158

Reduced

198

Closed

50

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	SPDR Bloomberg High Yield Bond ETF JNK	$905K

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
551	551 iShares 20+ Year Treasury Bond ETF TLT $51B	$0	0%	0 -342	Closed	–
552	552 United Airlines UAL $25.7B	$0	0%	0 -8	Closed	–
553	553 Vital Farms VITL $1.42B	$0	0%	0 -367	Closed	–
554	554 Vanguard Tax-Exempt Bond Index Fund VTEB $35.5B	$0	0%	0 -18,920	Closed	–
555	555 Vanguard High Dividend Yield ETF VYM $58.8B	$0	0%	0 -1,537	Closed	–
556	556 Vanguard International High Dividend Yield ETF VYMI $10.3B	$0	0%	0 -1,778	Closed	–
557	557 Willis Towers Watson WTW $30.5B	$0	0%	0 -121	Closed	–
558	558 Financial Select Sector SPDR Fund XLF $50.1B	$0	0%	0 -19,417	Closed	–
559	559 Consumer Discretionary Select Sector SPDR Fund XLY $21.6B	$0	0%	0 -4,138	Closed	–
560	560 Invesco S&P MidCap Momentum ETF XMMO $3.77B	$0	0%	0 -563	Closed	–