SAF

Smith Anglin Financial Portfolio holdings

AUM $1.1B

This Quarter Return

-2.85%

1 Year Return

+14.08%

3 Year Return

+52.75%

5 Year Return

–

10 Year Return

–

AUM

$945M

AUM Growth

-$121M (-11%)

Cap. Flow

-$81M

Cap. Flow % of AUM

-8.57%

Top 10 Holdings %Top 10 Hldgs %

65.89%

Holding

233

New

Increased

100

Reduced

Closed

Top Buys

1	VictoryShares Free Cash Flow ETF VFLO	$85.9M
2	Cambria Emerging Shareholder Yield ETF EYLD	$9.5M
3	WisdomTree Cybersecurity Fund WCBR	$7.38M
4	Invesco S&P MidCap Momentum ETF XMMO	$5.2M
5	iShares 0-3 Month Treasury Bond ETF SGOV	$2.79M

Top Sells

1	Invesco S&P MidCap Quality ETF XMHQ	$70.9M
2	Cambria Shareholder Yield ETF SYLD	$58.4M
3	iShares 10-20 Year Treasury Bond ETF TLH	$31.9M
4	Cambria Foreign Shareholder Yield ETF FYLD	$18.3M
5	John Hancock Multifactor Mid Cap ETF JHMM	$8.45M

Sector Composition

1	Technology	5.06%
2	Consumer Discretionary	1.6%
3	Industrials	1.32%
4	Financials	1.04%
5	Consumer Staples	1.03%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Vanguard Growth ETF VUG $182B	$140M	14.82%	377,627 +809	+0.2%	+$300K
2	2 VictoryShares Free Cash Flow ETF VFLO $4.45B	$88M	9.31%	2,565,838 +2,505,916	+4,182%	+$85.9M
3	3 iShares Core Dividend Growth ETF DGRO $32.9B	$87.5M	9.27%	1,417,070 +11,231	+0.8%	+$694K
4	4 Avantis US Equity ETF AVUS $9.09B	$81.6M	8.64%	883,173 +1,541	+0.2%	+$142K
5	5 Cambria Emerging Shareholder Yield ETF EYLD $554M	$76.5M	8.09%	2,407,985 +299,097	+14%	+$9.5M
6	6 Cambria Foreign Shareholder Yield ETF FYLD $419M	$43.9M	4.65%	1,630,101 -677,823	-29%	-$18.3M
7	7 iShares 10-20 Year Treasury Bond ETF TLH $11.3B	$31.7M	3.35%	305,103 -307,318	-50%	-$31.9M
8	8 WisdomTree Cybersecurity Fund WCBR $133M	$27.6M	2.93%	1,020,122 +272,479	+36%	+$7.38M
9	9 Apple AAPL $3.19T	$24.2M	2.56%	108,875 +1,773	+2%	+$394K
10	10 SPDR S&P 500 ETF Trust SPY $655B	$21.5M	2.27%	38,373 -203	-0.5%	-$114K
11	11 iShares S&P 500 Growth ETF IVW $62.6B	$19.6M	2.08%	211,180 -32,503	-13%	-$3.02M
12	12 Vanguard S&P 500 ETF VOO $704B	$16.6M	1.76%	32,308 +2,330	+8%	+$1.2M
13	13 Vanguard Dividend Appreciation ETF VIG $94.3B	$15.9M	1.69%	82,202 -13,599	-14%	-$2.64M
14	14 iShares Core S&P 500 ETF IVV $645B	$15.9M	1.68%	28,313 -787	-3%	-$442K
15	15 iShares 0-3 Month Treasury Bond ETF SGOV $51.4B	$14.8M	1.57%	147,014 +27,665	+23%	+$2.79M
16	16 iShares S&P 500 Value ETF IVE $40.2B	$10.8M	1.15%	56,900 +639	+1%	+$122K
17	17 Invesco S&P 500 Equal Weight Technology ETF RSPT $3.68B	$8.5M	0.9%	248,471 +19,904	+9%	+$681K
18	18 Amazon AMZN $2.46T	$8.46M	0.9%	44,443 -544	-1%	-$104K
19	19 NVIDIA NVDA $4.23T	$7.54M	0.8%	69,606 +876	+1%	+$94.9K
20	20 SPDR S&P MidCap 400 ETF Trust MDY $23.4B	$7.27M	0.77%	13,633 -63	-0.5%	-$33.6K
21	21 VanEck Morningstar Wide Moat ETF MOAT $13.2B	$7.26M	0.77%	82,461 -29,229	-26%	-$2.57M
22	22 Cambria Shareholder Yield ETF SYLD $960M	$6.32M	0.67%	99,076 -914,840	-90%	-$58.4M
23	23 JPMorgan Ultra-Short Municipal Income ETF JMST $4.14B	$5.52M	0.58%	108,470 -6,871	-6%	-$349K
24	24 Microsoft MSFT $3.82T	$5.3M	0.56%	14,116 +611	+5%	+$229K
25	25 Invesco S&P MidCap Momentum ETF XMMO $4.14B	$5.2M	0.55%	+45,723	New	+$5.2M