Sykon Capital Portfolio holdings

AUM $263M

AUM

$263M

AUM Growth

-$27M (-9%)

Cap. Flow

+$82.5M

Cap. Flow % of AUM

31.32%

Top 10 Holdings %Top 10 Hldgs %

63.76%

Holding

New

Increased

Reduced

Closed

Top Buys

1	iShares MSCI USA Min Vol Factor ETF USMV	$26.3M
2	ProShares Short S&P500 SH	$22.3M
3	Invesco S&P 500 Quality ETF SPHQ	$16.6M
4	Vanguard Total Bond Market BND	$13M
5	SPDR Portfolio Long Term Treasury ETF SPTL	$11.2M

Top Sells

1	Global X 1-3 Month T-Bill ETF CLIP	$21.3M
2	SPDR Bloomberg 1-3 Month T-Bill ETF BIL	$14.7M
3	WisdomTree Floating Rate Treasury Fund USFR	$1.9M
4	Invesco CEF Income Composite ETF PCEF	$1.56M
5	WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund AGZD	$1.54M

Sector Composition

1	Technology	4.51%
2	Financials	2.38%
3	Consumer Discretionary	1.11%
4	Communication Services	1.01%
5	Healthcare	0.15%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 WisdomTree Floating Rate Treasury Fund USFR $18.9B	$29.3M	11.13%	581,982 -37,736	-6%	-$1.9M
2	2 iShares MSCI USA Min Vol Factor ETF USMV $24B	$26.3M	9.99%	280,936	New	+$26.3M
3	3 ProShares Short S&P500 SH $1.34B	$22.3M	8.47%	500,494	New	+$22.3M
4	4 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $44.1B	$19.5M	7.4%	212,328 -160,429	-43%	-$14.7M
5	5 Invesco S&P 500 Quality ETF SPHQ $13.9B	$16.6M	6.32%	250,942	New	+$16.6M
6	6 Vanguard Total Bond Market BND $126B	$13M	4.93%	176,865	New	+$13M
7	7 Goldman Sachs Access Treasury 0-1 Year ETF GBIL $6.02B	$11.2M	4.25%	111,765 -6,652	-6%	-$666K
8	8 SPDR Portfolio Long Term Treasury ETF SPTL $11.1B	$11.2M	4.24%	409,161	New	+$11.2M
9	9 SPDR Bloomberg Investment Grade Floating Rate ETF FLRN $2.75B	$9.52M	3.62%	308,965 +126,151	+69%	+$3.89M
10	10 iShares Core High Dividend ETF HDV $11B	$8.97M	3.41%	74,026	New	+$8.97M
11	11 Financial Select Sector SPDR Fund XLF $50.2B	$7.91M	3.01%	158,896 -23,258	-13%	-$1.16M
12	12 iShares MSCI EAFE ETF EFA $63.1B	$6.1M	2.32%	74,593	New	+$6.1M
13	13 Global X 1-3 Month T-Bill ETF CLIP $1.49B	$5.39M	2.05%	53,650 -211,844	-80%	-$21.3M
14	14 The Communication Services Select Sector SPDR Fund XLC $22.3B	$5.31M	2.02%	55,065 -3,245	-6%	-$313K
15	15 Apple AAPL $3.05T	$4.87M	1.85%	21,924 -2,807	-11%	-$624K
16	16 Bank of America BAC $339B	$4.46M	1.69%	106,877 +300	+0.3%	+$12.5K
17	17 iShares 3-7 Year Treasury Bond ETF IEI $15.5B	$3.49M	1.32%	29,519	New	+$3.49M
18	18 NVIDIA NVDA $3.46T	$3.48M	1.32%	32,080 -1,967	-6%	-$213K
19	19 iShares CMBS ETF CMBS $433M	$3.46M	1.32%	72,183 +16,630	+30%	+$798K
20	20 iShares TIPS Bond ETF TIP $13.8B	$3.44M	1.3%	30,922	New	+$3.44M
21	21 iShares 7-10 Year Treasury Bond ETF IEF $34.6B	$3.41M	1.3%	35,770	New	+$3.41M
22	22 iShares 1-3 Year Treasury Bond ETF SHY $24.1B	$3.41M	1.29%	41,172	New	+$3.41M
23	23 Vanguard Mortgage-Backed Securities ETF VMBS $14.2B	$3.41M	1.29%	73,529	New	+$3.41M
24	24 Consumers Staples Select Sector SPDR Fund XLP $16.2B	$3.28M	1.25%	40,171 -6,303	-14%	-$515K
25	25 Global X MLP ETF MLPA $1.79B	$2.89M	1.1%	54,237 -2,574	-5%	-$137K