SHWM

Smith & Howard Wealth Management Portfolio holdings

AUM $366M

AUM

$366M

AUM Growth

+$12.7M (+4%)

Cap. Flow

+$17.2M

Cap. Flow % of AUM

4.71%

Top 10 Holdings %Top 10 Hldgs %

68.23%

Holding

New

Increased

Reduced

Closed

Top Buys

1	iShares Core US Aggregate Bond ETF AGG	$10.2M
2	Vanguard Value ETF VTV	$3.02M
3	Vanguard Growth ETF VUG	$1.95M
4	Vanguard Small-Cap ETF VB	$1.73M
5	American Beacon AHL Trend ETF AHLT	$1.57M

Top Sells

1	JPMorgan Municipal ETF JMUB	$3.47M
2	Vanguard Total Bond Market BND	$831K
3	Vanguard Total Stock Market ETF VTI	$723K
4	Schwab US Broad Market ETF SCHB	$487K
5	iShares Core 1-5 Year USD Bond ETF ISTB	$435K

Sector Composition

1	Technology	1.56%
2	Financials	1.11%
3	Consumer Staples	0.8%
4	Consumer Discretionary	0.76%
5	Healthcare	0.54%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares Core US Aggregate Bond ETF AGG $123B	$70.6M	19.23%	713,245 +102,609	+17%	+$10.2M
2	2 Vanguard Total Stock Market ETF VTI $481B	$44.4M	12.11%	161,631 -2,629	-2%	-$723K
3	3 iShares Core MSCI EAFE ETF IEFA $141B	$29.5M	8.05%	390,264 +5,986	+2%	+$453K
4	4 Vanguard Value ETF VTV $135B	$22.3M	6.07%	128,934 +17,502	+16%	+$3.02M
5	5 JPMorgan Municipal ETF JMUB $2.86B	$20.4M	5.57%	408,796 -69,381	-15%	-$3.47M
6	6 Vanguard Total Bond Market BND $126B	$15.1M	4.12%	205,668 -11,319	-5%	-$831K
7	7 Vanguard FTSE Developed Markets ETF VEA $160B	$13.2M	3.59%	259,284 -6,091	-2%	-$310K
8	8 Vanguard Growth ETF VUG $168B	$12M	3.26%	32,288 +5,270	+20%	+$1.95M
9	9 iShares Core MSCI Emerging Markets ETF IEMG $90.3B	$11.7M	3.18%	215,987 +13,741	+7%	+$742K
10	10 Vanguard Mid-Cap ETF VO $80.9B	$10.6M	2.89%	40,976 +5,997	+17%	+$1.55M
11	11 Vanguard Small-Cap ETF VB $62.3B	$10.4M	2.83%	46,874 +7,821	+20%	+$1.73M
12	12 iShares National Muni Bond ETF MUB $38.5B	$9.71M	2.65%	92,057 +4,085	+5%	+$431K
13	13 Vanguard FTSE Emerging Markets ETF VWO $87.5B	$8.79M	2.39%	194,130 -2,392	-1%	-$108K
14	14 SPDR S&P 500 ETF Trust SPY $635B	$8.23M	2.24%	14,719	–	–
15	15 iShares Russell 1000 Value ETF IWD $61.4B	$7.7M	2.1%	40,907 +444	+1%	+$83.5K
16	16 iShares Russell 1000 Growth ETF IWF $107B	$6.64M	1.81%	18,388 +1,795	+11%	+$648K
17	17 iShares Russell 2000 ETF IWM $64.1B	$5.16M	1.41%	25,842 +2,105	+9%	+$420K
18	18 iShares MSCI ACWI ex US ETF ACWX $6.38B	$4.98M	1.36%	89,733 +306	+0.3%	+$17K
19	19 iShares MSCI EAFE ETF EFA $63.1B	$4.31M	1.17%	52,747 -380	-0.7%	-$31.1K
20	20 Tortoise North American Pipeline Fund TPYP $713M	$3.91M	1.07%	107,539 -4,011	-4%	-$146K
21	21 iShares Russell Mid-Cap ETF IWR $41.1B	$3.82M	1.04%	44,929 +3,319	+8%	+$282K
22	22 Apple AAPL $3.05T	$3.2M	0.87%	14,426 -71	-0.5%	-$15.8K
23	23 iShares Short-Term National Muni Bond ETF SUB $9.6B	$3.04M	0.83%	28,828 -1,198	-4%	-$127K
24	24 iShares 20+ Year Treasury Bond ETF TLT $50.1B	$2.91M	0.79%	32,000 +2,000	+7%	+$182K
25	25 Vanguard Total International Stock ETF VXUS $93.3B	$2.85M	0.78%	45,821	–	–