RFO

RiverGlades Family Offices Portfolio holdings

AUM $139M

This Quarter Return

-0.06%

1 Year Return

+6.66%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$139M

AUM Growth

-$1.1M (-0.8%)

Cap. Flow

-$109K

Cap. Flow % of AUM

-0.08%

Top 10 Holdings %Top 10 Hldgs %

58.5%

Holding

New

Increased

Reduced

Closed

Top Buys

1	SPDR Bloomberg Investment Grade Floating Rate ETF FLRN	$473K
2	Sysco SYY	$323K
3	Vanguard Intermediate-Term Corporate Bond ETF VCIT	$311K
4	NVIDIA NVDA	$248K
5	Workday WDAY	$234K

Top Sells

1	SPDR Nuveen ICE Short Term Municipal Bond ETF SHM	$873K
2	Constellation Brands STZ	$337K
3	Frontdoor FTDR	$219K
4	Tesla TSLA	$214K
5	iShares MSCI EAFE ETF EFA	$110K

Sector Composition

1	Technology	4.06%
2	Energy	2.92%
3	Financials	2.29%
4	Communication Services	1.26%
5	Industrials	1.24%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares Core S&P 500 ETF IVV $635B	$28.8M	20.76%	51,341 -40	-0.1%	-$22.5K
2	2 iShares Core S&P Mid-Cap ETF IJH $97.2B	$9.72M	6.99%	166,612 +426	+0.3%	+$24.9K
3	3 Vanguard FTSE Developed Markets ETF VEA $163B	$9.38M	6.75%	184,596 +2,799	+2%	+$142K
4	4 Vanguard FTSE Emerging Markets ETF VWO $93.4B	$6.04M	4.34%	133,402 -255	-0.2%	-$11.5K
5	5 SPDR Bloomberg Investment Grade Floating Rate ETF FLRN $2.77B	$5.58M	4.02%	181,185 +15,354	+9%	+$473K
6	6 iShares Gold Trust IAU $47.9B	$5.38M	3.87%	91,287 -55	-0.1%	-$3.24K
7	7 Technology Select Sector SPDR Fund XLK $82.9B	$4.81M	3.46%	23,309 +177	+0.8%	+$36.5K
8	8 iShares Core US Aggregate Bond ETF AGG $128B	$4.11M	2.96%	41,524 -77	-0.2%	-$7.62K
9	9 Vanguard Small-Cap ETF VB $65B	$3.88M	2.79%	17,492 -105	-0.6%	-$23.3K
10	10 Vanguard Tax-Exempt Bond Index Fund VTEB $37.4B	$3.55M	2.55%	71,453 -1,244	-2%	-$61.7K
11	11 SPDR Portfolio Short Term Corporate Bond ETF SPSB $8.13B	$2.81M	2.02%	93,302 -2,596	-3%	-$78.1K
12	12 iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036 DJP $596M	$2.66M	1.91%	75,195 -1,800	-2%	-$63.6K
13	13 Vanguard Total International Bond ETF BNDX $67.2B	$2.64M	1.9%	54,015 +175	+0.3%	+$8.54K
14	14 Health Care Select Sector SPDR Fund XLV $32.6B	$2.46M	1.77%	16,816 -500	-3%	-$73K
15	15 iShares US Real Estate ETF IYR $3.65B	$2.37M	1.7%	24,743 -390	-2%	-$37.3K
16	16 Financial Select Sector SPDR Fund XLF $51.6B	$2.22M	1.6%	44,532 -1,060	-2%	-$52.8K
17	17 iShares Core S&P Small-Cap ETF IJR $81.5B	$2M	1.44%	19,113 +11	+0.1%	+$1.15K
18	18 Industrial Select Sector SPDR Fund XLI $22.6B	$1.95M	1.4%	14,852 +15	+0.1%	+$1.97K
19	19 Consumer Discretionary Select Sector SPDR Fund XLY $22.6B	$1.92M	1.38%	9,732 +184	+2%	+$36.3K
20	20 iShares MSCI EAFE ETF EFA $63.7B	$1.86M	1.34%	22,761 -1,345	-6%	-$110K
21	21 Apple AAPL $3.15T	$1.74M	1.25%	7,851 -20	-0.3%	-$4.44K
22	22 SPDR Nuveen ICE Short Term Municipal Bond ETF SHM $3.41B	$1.48M	1.06%	31,011 -18,346	-37%	-$873K
23	23 SPDR S&P 500 ETF Trust SPY $645B	$1.45M	1.04%	2,590	–	–
24	24 The Communication Services Select Sector SPDR Fund XLC $23.5B	$1.45M	1.04%	15,004 +180	+1%	+$17.4K
25	25 Vanguard FTSE Europe ETF VGK $26B	$1.22M	0.88%	17,429 -8	-0.1%	-$562