SAS

SMI Advisory Services Portfolio holdings

AUM $442M

AUM

$442M

AUM Growth

+$8.84M (+2%)

Cap. Flow

+$142M

Cap. Flow % of AUM

32.11%

Top 10 Holdings %Top 10 Hldgs %

91.89%

Holding

68

New

14

Increased

11

Reduced

15

Closed

25

Top Buys

1	RAA SMI 3Fourteen REAL Asset Allocation ETF RAA	$157M
2	SPDR Gold Trust GLD	$25.1M
3	USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund SDCI	$17.8M
4	iShares Russell 1000 Value ETF IWD	$16M
5	Cambria Global Value ETF GVAL	$15.1M

Top Sells

1	Invesco NASDAQ 100 ETF QQQM	$49.7M
2	SPDR S&P 500 ETF Trust SPY	$40.3M
3	Vanguard Intermediate-Term Corporate Bond ETF VCIT	$9.25M
4	Invesco BulletShares 2025 Corporate Bond ETF BSCP	$8.16M
5	Vanguard Intermediate-Term Bond ETF BIV	$4.78M

Sector Composition

1	Industrials	0.3%
2	Technology	0.11%
3	Healthcare	0%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
51	51 iShares Russell 1000 ETF IWB $40.3B	$0	0%	0 -2,200	Closed	–
52	52 iShares Russell 1000 Growth ETF IWF $108B	$0	0%	0 -32,896	Closed	–
53	53 iShares Russell 2000 Growth ETF IWO $11.4B	$0	0%	0 -40,841	Closed	–
54	54 SPDR S&P Regional Banking ETF KRE $3.27B	$0	0%	0 -159,245	Closed	–
55	55 Eli Lilly LLY $739B	$0	0%	0 -1,026	Closed	–
56	56 iShares MSCI Global Metals & Mining Producers ETF PICK $752M	$0	0%	0 -58,632	Closed	–
57	57 Schwab US Large- Cap ETF SCHX $54.8B	$0	0%	0 -17,293	Closed	–
58	58 SPDR S&P Dividend ETF SDY $20B	$0	0%	0 -73,225	Closed	–
59	59 US Treasury 3 Month Bill ETF TBIL $5.84B	$0	0%	0 -41,578	Closed	–
60	60 iShares TIPS Bond ETF TIP $13.8B	$0	0%	0 -48,615	Closed	–
61	61 iShares 20+ Year Treasury Bond ETF TLT $50.6B	$0	0%	0 -64,294	Closed	–
62	62 iShares Core US REIT ETF USRT $2.96B	$0	0%	0 -66,025	Closed	–
63	63 Vanguard Energy ETF VDE $7.12B	$0	0%	0 -6,093	Closed	–
64	64 Vanguard Dividend Appreciation ETF VIG $91B	$0	0%	0 -1,229	Closed	–
65	65 Vanguard S&P 500 ETF VOO $670B	$0	0%	0 -1,975	Closed	–
66	66 Vanguard Value ETF VTV $136B	$0	0%	0 -1,398	Closed	–
67	67 Vanguard Russell 2000 ETF VTWO $12.3B	$0	0%	0 -42,666	Closed	–
68	68 Vanguard Growth ETF VUG $168B	$0	0%	0 -618	Closed	–