TFM

TFC Financial Management Portfolio holdings

AUM $730M

1-Year Return 13.78%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3

This Quarter Return

+7.45%

1 Year Return

+13.78%

3 Year Return

+52.35%

5 Year Return

+80.91%

10 Year Return

–

AUM

$563M

AUM Growth

+$68.3M (+14%)

Cap. Flow

+$33.2M

Cap. Flow % of AUM

5.89%

Top 10 Holdings % Top 10 Hldgs %

75.8%

Holding

921

New

264

Increased

350

Reduced

113

Closed

Top Buys

1	iShares Core MSCI International Developed Markets ETF IDEV	$24.3M
2	iShares Core MSCI Emerging Markets ETF IEMG	$4.32M
3	iShares Intermediate Government/Credit Bond ETF GVI	$2.56M
4	iShares Core S&P 500 ETF IVV	$1.84M
5	iShares 1-3 Year Treasury Bond ETF SHY	$1.74M

Top Sells

1	Dimensional US Marketwide Value ETF DFUV	$1.56M
2	PWRD TCW Transform Systems ETF PWRD	$935K
3	Old National Bancorp ONB	$515K
4	Dimensional US Targeted Value ETF DFAT	$440K
5	IMGN Immunogen Inc IMGN	$320K

Sector Composition

1	Technology	5.65%
2	Healthcare	3.83%
3	Financials	2.79%
4	Consumer Discretionary	1.51%
5	Industrials	1.27%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
776	776 Powell Industries POWL $3.24B	$143	﹤0.01%	+1	New	+$143
777	777 Entegris ENTG $12.4B	$141	﹤0.01%	+1	New	+$141
778	778 Interparfums IPAR $3.63B	$141	﹤0.01%	+1	New	+$141
779	779 PVH PVH $4.22B	$141	﹤0.01%	+1	New	+$141
780	780 Neurocrine Biosciences NBIX $14.3B	$138	﹤0.01%	+1	New	+$138
781	781 Grand Canyon Education LOPE $5.74B	$137	﹤0.01%	+1	New	+$137
782	782 Hanover Insurance THG $6.35B	$137	﹤0.01%	+1	New	+$137
783	783 Crane Co CR $10.6B	$136	﹤0.01%	+1	New	+$136
784	784 GATX Corp GATX $5.97B	$135	﹤0.01%	+1	New	+$135
785	785 Jabil JBL $22.5B	$134	﹤0.01%	+1	New	+$134
786	786 Ares Management ARES $38.9B	$133	﹤0.01%	+1	New	+$133
787	787 MKS Inc. Common Stock MKSI $7.02B	$133	﹤0.01%	+1	New	+$133
788	788 Bitwise Crypto Industry Innovators ETF BITQ $298M	$132	﹤0.01%	+10	New	+$132
789	789 Saic SAIC $4.83B	$131	﹤0.01%	+1	New	+$131
790	790 Floor & Decor FND $9.42B	$130	﹤0.01%	+1	New	+$130
791	791 Innospec IOSP $2.13B	$129	﹤0.01%	+1	New	+$129
792	792 FirstCash FCFS $6.53B	$128	﹤0.01%	+1	New	+$128
793	793 Choice Hotels CHH $5.41B	$127	﹤0.01%	+1	New	+$127
794	794 Equity Residential EQR $25.5B	$127	﹤0.01%	+2	New	+$127
795	795 Cincinnati Financial CINF $24B	$125	﹤0.01%	+1	New	+$125
796	796 The Ensign Group ENSG $10B	$125	﹤0.01%	+1	New	+$125
797	797 Churchill Downs CHDN $7.18B	$124	﹤0.01%	+1	New	+$124
798	798 SPX Corp SPXC $9.28B	$124	﹤0.01%	+1	New	+$124
799	799 UFP Industries UFPI $6.08B	$124	﹤0.01%	+1	New	+$124
800	800 XPO XPO $15.4B	$123	﹤0.01%	+1	New	+$123