Salomon & Ludwin Portfolio holdings

AUM $938M

This Quarter Return

-2.29%

1 Year Return

+4.22%

3 Year Return

+16.57%

5 Year Return

+105.92%

10 Year Return

–

AUM

$938M

AUM Growth

-$5.7M (-0.6%)

Cap. Flow

+$18M

Cap. Flow % of AUM

1.92%

Top 10 Holdings %Top 10 Hldgs %

45.67%

Holding

741

New

Increased

Reduced

139

Closed

Top Buys

1	Technology Select Sector SPDR Fund XLK	$2.84M
2	iShares Short-Term National Muni Bond ETF SUB	$2.41M
3	Microsoft MSFT	$2.03M
4	SPDR Bloomberg 1-3 Month T-Bill ETF BIL	$1.51M
5	SPDR Portfolio Developed World ex-US ETF SPDW	$1.27M

Top Sells

1	iShares S&P 500 Growth ETF IVW	$1.85M
2	iShares S&P 500 Value ETF IVE	$1.23M
3	iShares MSCI EAFE ETF EFA	$766K
4	iShares Core S&P 500 ETF IVV	$628K
5	Vanguard High Dividend Yield ETF VYM	$524K

Sector Composition

1	Technology	4.79%
2	Consumer Staples	1.58%
3	Consumer Discretionary	1.1%
4	Financials	0.87%
5	Healthcare	0.63%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares S&P 500 Growth ETF IVW $62.6B	$63.9M	6.81%	687,847 -19,944	-3%	-$1.85M
2	2 iShares Short-Term National Muni Bond ETF SUB $10B	$61.5M	6.56%	582,474 +22,832	+4%	+$2.41M
3	3 JPMorgan Ultra-Short Municipal Income ETF JMST $4.14B	$51.7M	5.51%	1,017,236 -10,300	-1%	-$524K
4	4 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $41.9B	$45.8M	4.88%	498,938 +16,467	+3%	+$1.51M
5	5 Vanguard S&P 500 ETF VOO $704B	$45.8M	4.88%	89,034 -658	-0.7%	-$338K
6	6 Technology Select Sector SPDR Fund XLK $83.2B	$45.4M	4.84%	220,017 +13,744	+7%	+$2.84M
7	7 iShares S&P 500 Value ETF IVE $40.2B	$37.8M	4.03%	198,572 -6,444	-3%	-$1.23M
8	8 Vanguard Tax-Exempt Bond Index Fund VTEB $37.4B	$26.6M	2.84%	536,096 +19,426	+4%	+$964K
9	9 iShares National Muni Bond ETF MUB $38B	$25M	2.67%	237,201 +10,221	+5%	+$1.08M
10	10 SPDR S&P 500 ETF Trust SPY $655B	$25M	2.66%	44,739 -291	-0.7%	-$162K
11	11 Vanguard FTSE Developed Markets ETF VEA $167B	$24.9M	2.65%	489,022 -4,528	-0.9%	-$230K
12	12 Microsoft MSFT $3.82T	$23M	2.45%	61,171 +5,400	+10%	+$2.03M
13	13 iShares Core S&P Mid-Cap ETF IJH $98.6B	$22.5M	2.4%	385,807 -7,317	-2%	-$427K
14	14 Vanguard Short-Term Treasury ETF VGSH $22.7B	$20.9M	2.22%	355,451 +17,997	+5%	+$1.06M
15	15 iShares MSCI EAFE ETF EFA $65.4B	$20.1M	2.14%	245,823 -9,373	-4%	-$766K
16	16 Vanguard High Dividend Yield ETF VYM $62.6B	$18.6M	1.99%	144,449 -4,063	-3%	-$524K
17	17 iShares S&P Mid-Cap 400 Growth ETF IJK $9.14B	$16.1M	1.72%	193,442 -5,959	-3%	-$496K
18	18 Consumer Discretionary Select Sector SPDR Fund XLY $22.8B	$15.2M	1.62%	77,194 +5,054	+7%	+$998K
19	19 Vanguard Growth ETF VUG $182B	$14.6M	1.56%	39,399 -678	-2%	-$251K
20	20 Apple AAPL $3.19T	$13.8M	1.47%	61,910 +2,389	+4%	+$531K
21	21 Health Care Select Sector SPDR Fund XLV $33.7B	$13.8M	1.47%	94,159 +5,400	+6%	+$789K
22	22 iShares Russell 2000 ETF IWM $65.6B	$13.5M	1.44%	67,782 +2,339	+4%	+$467K
23	23 iShares S&P Mid-Cap 400 Value ETF IJJ $7.91B	$13M	1.38%	108,381 -3,891	-3%	-$466K
24	24 Financial Select Sector SPDR Fund XLF $52.5B	$12.4M	1.33%	249,770 +10,493	+4%	+$523K
25	25 Vanguard Intermediate-Term Treasury ETF VGIT $31.7B	$11.7M	1.25%	196,637 +18,060	+10%	+$1.07M