SFS

Strategic Financial Services Portfolio holdings

AUM $1.71B

This Quarter Return

+1.28%

1 Year Return

+6.03%

3 Year Return

+17.26%

5 Year Return

+73.42%

10 Year Return

+106.99%

AUM

$1.71B

AUM Growth

+$30.5M (+2%)

Cap. Flow

+$17.8M

Cap. Flow % of AUM

1.04%

Top 10 Holdings %Top 10 Hldgs %

74.4%

Holding

139

New

Increased

Reduced

Closed

Top Buys

1	Vanguard Intermediate-Term Treasury ETF VGIT	$13.7M
2	iShares MSCI USA Equal Weighted ETF EUSA	$6.26M
3	iShares International Equity Factor ETF INTF	$4.66M
4	SPDR Portfolio Long Term Treasury ETF SPTL	$3.43M
5	iShares US Equity Factor ETF LRGF	$2.52M

Top Sells

1	iShares Intermediate Government/Credit Bond ETF GVI	$5.48M
2	SPDR Gold MiniShares Trust GLDM	$5.08M
3	iShares MSCI USA Value Factor ETF VLUE	$2.32M
4	Goldman Sachs ActiveBeta International Equity ETF GSIE	$1.75M
5	SPDR Gold Trust GLD	$1.74M

Sector Composition

1	Technology	2.48%
2	Financials	1.56%
3	Healthcare	0.85%
4	Consumer Discretionary	0.58%
5	Communication Services	0.5%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares International Equity Factor ETF INTF $2.16B	$267M	15.64%	8,657,795 +151,082	+2%	+$4.66M
2	2 iShares US Small Cap Equity Factor ETF SMLF $1.89B	$224M	13.13%	3,606,933 +32,495	+0.9%	+$2.02M
3	3 iShares US Equity Factor ETF LRGF $2.64B	$216M	12.63%	3,726,234 +43,596	+1%	+$2.52M
4	4 Vanguard Intermediate-Term Treasury ETF VGIT $31.6B	$129M	7.55%	2,171,286 +230,560	+12%	+$13.7M
5	5 SPDR Gold MiniShares Trust GLDM $16B	$95.3M	5.58%	1,539,154 -82,061	-5%	-$5.08M
6	6 iShares Emerging Markets Equity Factor ETF EMGF $935M	$87.3M	5.11%	1,865,472 +52,105	+3%	+$2.44M
7	7 Vanguard Short-Term Corporate Bond ETF VCSH $34.3B	$81.3M	4.76%	1,029,788 +31,819	+3%	+$2.51M
8	8 Vanguard Intermediate-Term Corporate Bond ETF VCIT $54.3B	$65.6M	3.84%	802,796 +17,834	+2%	+$1.46M
9	9 Vanguard Long-Term Treasury ETF VGLT $9.56B	$59.7M	3.5%	1,035,908 -28,104	-3%	-$1.62M
10	10 iShares MSCI USA Equal Weighted ETF EUSA $1.53B	$45.1M	2.64%	482,044 +66,883	+16%	+$6.26M
11	11 iShares MSCI USA Momentum Factor ETF MTUM $17.8B	$44.8M	2.62%	221,605 +400	+0.2%	+$80.9K
12	12 Vanguard US Momentum Factor ETF VFMO $1.12B	$40.9M	2.39%	269,499 +4,597	+2%	+$697K
13	13 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP $15.3B	$37.3M	2.19%	748,143 +38,811	+5%	+$1.94M
14	14 Dimensional International Value ETF DFIV $12.1B	$33.7M	1.97%	856,439 +9,334	+1%	+$367K
15	15 iShares Intermediate Government/Credit Bond ETF GVI $3.45B	$31.7M	1.86%	298,977 -51,649	-15%	-$5.48M
16	16 Goldman Sachs ActiveBeta International Equity ETF GSIE $4.04B	$31.4M	1.84%	882,042 -49,017	-5%	-$1.75M
17	17 SPDR S&P Biotech ETF XBI $5.03B	$21.3M	1.25%	262,569 +14,048	+6%	+$1.14M
18	18 Apple AAPL $3.15T	$16.2M	0.95%	72,974 -1,708	-2%	-$379K
19	19 Vanguard Emerging Markets Government Bond ETF VWOB $5.18B	$13.2M	0.78%	206,172 -2,277	-1%	-$146K
20	20 SPDR Gold Trust GLD $102B	$11.5M	0.67%	39,826 -6,033	-13%	-$1.74M
21	21 SPDR Portfolio Long Term Treasury ETF SPTL $11.1B	$8.77M	0.51%	321,637 +125,653	+64%	+$3.43M
22	22 Goldman Sachs ActiveBeta US Large Cap Equity ETF GSLC $14B	$7.37M	0.43%	66,917 -1,870	-3%	-$206K
23	23 Goldman Sachs ActiveBeta Emerging Markets Equity ETF GEM $1.05B	$7.17M	0.42%	216,057 -14,613	-6%	-$485K
24	24 JPMorgan Chase JPM $801B	$6.64M	0.39%	27,055 -1,308	-5%	-$321K
25	25 Microsoft MSFT $3.79T	$6.42M	0.38%	17,095 -331	-2%	-$124K