SIM

Studio Investment Management Portfolio holdings

AUM $498M

This Quarter Return

+0.97%

1 Year Return

+10.96%

3 Year Return

+37.84%

5 Year Return

–

10 Year Return

–

AUM

$484M

AUM Growth

+$13.5M (+3%)

Cap. Flow

+$12.4M

Cap. Flow % of AUM

2.57%

Top 10 Holdings %Top 10 Hldgs %

46.87%

Holding

362

New

Increased

102

Reduced

109

Closed

Top Buys

1	Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP	$22.4M
2	Dimensional Short-Duration Fixed Income ETF DFSD	$2.56M
3	Invesco S&P 500 Equal Weight Utilities ETF RSPU	$2.26M
4	Dimensional US Targeted Value ETF DFAT	$2.1M
5	SPDR Bloomberg Short Term International Treasury Bond ETF BWZ	$1.18M

Top Sells

1	iShares 3-7 Year Treasury Bond ETF IEI	$4.24M
2	SPDR Bloomberg 3-12 Month T-Bill ETF BILS	$2.8M
3	Vanguard Tax-Exempt Bond Index Fund VTEB	$2.67M
4	Vanguard Russell 1000 ETF VONE	$2.59M
5	SPDR Nuveen ICE Short Term Municipal Bond ETF SHM	$2.33M

Sector Composition

1	Industrials	8.39%
2	Financials	7.59%
3	Technology	6.75%
4	Healthcare	5.03%
5	Consumer Staples	3.6%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP $15.6B	$74M	15.29%	1,482,650 +448,355	+43%	+$22.4M
2	2 Vanguard Dividend Appreciation ETF VIG $94.9B	$28M	5.79%	144,441 +2,242	+2%	+$435K
3	3 Vanguard Value ETF VTV $142B	$28M	5.78%	161,887 -1,036	-0.6%	-$179K
4	4 Vanguard Small-Cap Value ETF VBR $31.1B	$18.6M	3.84%	99,747 -2,298	-2%	-$428K
5	5 Dimensional International Core Equity 2 ETF DFIC $10.1B	$16.4M	3.39%	590,521 +2,186	+0.4%	+$60.7K
6	6 Berkshire Hathaway Class B BRK.B $1.03T	$15.8M	3.27%	29,700 -1,113	-4%	-$593K
7	7 Schwab Fundamental International Large Company Index ETF FNDF $17.3B	$14.6M	3.02%	404,504 +5,200	+1%	+$188K
8	8 Vanguard Short-Term Treasury ETF VGSH $22.8B	$11M	2.27%	187,502 +3,156	+2%	+$185K
9	9 Dimensional Short-Duration Fixed Income ETF DFSD $5.01B	$10.6M	2.18%	222,279 +53,825	+32%	+$2.56M
10	10 Vanguard Short-Term Corporate Bond ETF VCSH $35.3B	$9.8M	2.03%	124,100 -6,152	-5%	-$486K
11	11 Microsoft MSFT $3.87T	$8.35M	1.73%	22,236 -84	-0.4%	-$31.5K
12	12 Alphabet (Google) Class A GOOGL $2.44T	$8.23M	1.7%	53,220 -322	-0.6%	-$49.8K
13	13 Apple AAPL $3.46T	$8.13M	1.68%	36,602 -548	-1%	-$122K
14	14 iShares 0-3 Month Treasury Bond ETF SGOV $54B	$7.15M	1.48%	71,072 +10,604	+18%	+$1.07M
15	15 Procter & Gamble PG $363B	$7.02M	1.45%	41,216 -230	-0.6%	-$39.2K
16	16 General Dynamics GD $85.4B	$6.69M	1.38%	24,561 +153	+0.6%	+$41.7K
17	17 NextEra Energy, Inc. NEE $148B	$6.42M	1.33%	90,505 -405	-0.5%	-$28.7K
18	18 Dimensional Emerging Markets Core Equity 2 ETF DFEM $5.91B	$5.94M	1.23%	224,541 +5,542	+3%	+$147K
19	19 Vanguard International Dividend Appreciation ETF VIGI $8.4B	$5.79M	1.2%	69,866 -7,259	-9%	-$602K
20	20 JPMorgan Chase JPM $799B	$5.46M	1.13%	22,245 -679	-3%	-$167K
21	21 Johnson & Johnson JNJ $416B	$5.15M	1.07%	31,079 +1,491	+5%	+$247K
22	22 RTX Corp RTX $208B	$4.88M	1.01%	36,858 -290	-0.8%	-$38.4K
23	23 Invesco S&P 500 Equal Weight Utilities ETF RSPU $458M	$4.76M	0.98%	68,329 +32,450	+90%	+$2.26M
24	24 Vanguard Total World Stock ETF VT $51.6B	$4.64M	0.96%	40,005 -3,933	-9%	-$456K
25	25 Caterpillar CAT $194B	$4.51M	0.93%	13,671 -1,119	-8%	-$369K