RFM

Royal Fund Management Portfolio holdings

AUM $839M

This Quarter Return

-1.01%

1 Year Return

+6.17%

3 Year Return

+20.93%

5 Year Return

+109.26%

10 Year Return

–

AUM

$839M

AUM Growth

-$81.8M (-9%)

Cap. Flow

-$58.5M

Cap. Flow % of AUM

-6.97%

Top 10 Holdings %Top 10 Hldgs %

21.14%

Holding

271

New

Increased

109

Reduced

Closed

Top Buys

1	SPDR Dow Jones Industrial Average ETF Trust DIA	$20M
2	iShares 1-3 Year Treasury Bond ETF SHY	$19.4M
3	Invesco S&P 500 Equal Weight ETF RSP	$12.8M
4	SPDR Gold Trust GLD	$12.3M
5	iShares Expanded Tech-Software Sector ETF IGV	$7.16M

Top Sells

1	Vanguard Information Technology ETF VGT	$21.9M
2	SPDR S&P 500 ETF Trust SPY	$20.4M
3	iShares 20+ Year Treasury Bond ETF TLT	$14.5M
4	iShares Russell 2000 ETF IWM	$12.1M
5	iShares Semiconductor ETF SOXX	$9.38M

Sector Composition

1	Technology	16.9%
2	Healthcare	5.81%
3	Consumer Discretionary	5.69%
4	Industrials	5.15%
5	Financials	4.63%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Vanguard S&P 500 ETF VOO $704B	$27.8M	3.09%	53,655 +1,329	+3%	+$689K
2	2 Invesco QQQ Trust QQQ $359B	$25.8M	2.87%	54,779 +3,362	+7%	+$1.58M
3	3 SPDR Dow Jones Industrial Average ETF Trust DIA $38.5B	$20M	2.23%	+47,670	New	+$20M
4	4 Financial Select Sector SPDR Fund XLF $52.5B	$19.8M	2.2%	397,248 +9,484	+2%	+$473K
5	5 iShares 1-3 Year Treasury Bond ETF SHY $23.7B	$19.4M	2.16%	+234,341	New	+$19.4M
6	6 Microsoft MSFT $3.82T	$13.9M	1.54%	36,614 -266	-0.7%	-$101K
7	7 JPMorgan Chase JPM $821B	$12.8M	1.43%	51,923 -2,487	-5%	-$615K
8	8 Invesco S&P 500 Equal Weight ETF RSP $75.3B	$12.8M	1.43%	+74,055	New	+$12.8M
9	9 iShares US Industrials ETF IYJ $1.7B	$12.6M	1.4%	96,838 +32,627	+51%	+$4.25M
10	10 NVIDIA NVDA $4.23T	$12.5M	1.39%	115,076 +19,919	+21%	+$2.16M
11	11 SPDR Gold Trust GLD $102B	$12.3M	1.37%	+42,727	New	+$12.3M
12	12 Apple AAPL $3.19T	$9.95M	1.11%	44,745 +689	+2%	+$153K
13	13 The Communication Services Select Sector SPDR Fund XLC $23.8B	$9.58M	1.07%	99,288 -79,744	-45%	-$7.69M
14	14 Health Care Select Sector SPDR Fund XLV $33.7B	$9.48M	1.06%	64,954 +11,314	+21%	+$1.65M
15	15 AbbVie ABBV $336B	$9.11M	1.01%	42,999 -1,540	-3%	-$326K
16	16 Consumer Discretionary Select Sector SPDR Fund XLY $22.8B	$8.51M	0.95%	43,121 +3,269	+8%	+$645K
17	17 Vanguard Information Technology ETF VGT $97.8B	$8.39M	0.93%	15,310 -39,994	-72%	-$21.9M
18	18 iShares MSCI USA Momentum Factor ETF MTUM $17.9B	$8.38M	0.93%	41,237 -824	-2%	-$167K
19	19 Snowflake SNOW $73.2B	$8.25M	0.92%	56,414 +34,319	+155%	+$5.02M
20	20 RTX Corp RTX $210B	$7.99M	0.89%	59,870 -2,366	-4%	-$316K
21	21 Schwab US Large-Cap Growth ETF SCHG $46.1B	$7.78M	0.87%	310,519 -159	-0.1%	-$3.98K
22	22 Vanguard Russell 1000 Growth ETF VONG $30.3B	$7.72M	0.86%	82,961 -82,557	-50%	-$7.69M
23	23 Meta Platforms (Facebook) META $1.79T	$7.59M	0.84%	13,160 +3,331	+34%	+$1.92M
24	24 iShares Core Dividend Growth ETF DGRO $32.9B	$7.51M	0.84%	121,305 +1,649	+1%	+$102K
25	25 Vanguard Growth ETF VUG $182B	$7.51M	0.84%	20,222 -314	-2%	-$117K