Theory Financial Portfolio holdings

AUM $237M

AUM

$237M

AUM Growth

-$2.05M (-0.9%)

Cap. Flow

+$24.6M

Cap. Flow % of AUM

10.37%

Top 10 Holdings %Top 10 Hldgs %

51.89%

Holding

New

Increased

Reduced

Closed

Top Buys

1	Health Care Select Sector SPDR Fund XLV	$15.5M
2	Consumers Staples Select Sector SPDR Fund XLP	$5.81M
3	Xtrackers USD High Yield Corporate Bond ETF HYLB	$5.25M
4	Vanguard Financials ETF VFH	$4.1M
5	The Communication Services Select Sector SPDR Fund XLC	$3.4M

Top Sells

1	Invesco NASDAQ 100 ETF QQQM	$3.73M
2	Schwab US Aggregate Bond ETF SCHZ	$3.68M
3	Vanguard Information Technology ETF VGT	$3.54M
4	Invesco Dorsey Wright Technology Momentum ETF PTF	$3.08M
5	iShares MSCI USA Quality Factor ETF QUAL	$2.96M

Sector Composition

1	Financials	0.36%
2	Energy	0.33%
3	Technology	0.28%
4	Healthcare	0.18%
5	Consumer Discretionary	0.18%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Schwab US Aggregate Bond ETF SCHZ $8.47B	$27.1M	11.41%	1,168,241 -158,757	-12%	-$3.68M
2	2 Vanguard Financials ETF VFH $12.1B	$20.6M	8.67%	172,028 +34,313	+25%	+$4.1M
3	3 Health Care Select Sector SPDR Fund XLV $34.8B	$15.5M	6.53%	106,100	New	+$15.5M
4	4 The Communication Services Select Sector SPDR Fund XLC $22.3B	$15.3M	6.46%	158,754 +35,208	+29%	+$3.4M
5	5 iShares MBS ETF MBB $38B	$9.87M	4.16%	105,221 +2,018	+2%	+$189K
6	6 SPDR Portfolio S&P 500 ETF SPLG $68.6B	$7.68M	3.24%	116,786 -10,785	-8%	-$709K
7	7 iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB $14.9B	$7.52M	3.17%	143,212 +2,251	+2%	+$118K
8	8 iShares MSCI USA Quality Factor ETF QUAL $51.8B	$6.7M	2.83%	39,232 -17,319	-31%	-$2.96M
9	9 Schwab US TIPS ETF SCHP $12.7B	$6.66M	2.81%	247,507 +5,289	+2%	+$142K
10	10 Vanguard Intermediate-Term Treasury ETF VGIT $31.3B	$6.17M	2.6%	103,873 +4,608	+5%	+$274K
11	11 Consumers Staples Select Sector SPDR Fund XLP $16.2B	$5.81M	2.45%	71,166	New	+$5.81M
12	12 iShares Core Total USD Bond Market ETF IUSB $32.2B	$5.35M	2.26%	116,181 +95	+0.1%	+$4.38K
13	13 Xtrackers USD High Yield Corporate Bond ETF HYLB $3.75B	$5.25M	2.21%	145,241	New	+$5.25M
14	14 SPDR Portfolio Short Term Treasury ETF SPTS $5.72B	$4.82M	2.03%	164,674 +8,022	+5%	+$235K
15	FCTE 15 SMI 3Fourteen Full-Cycle Trend ETF FCTE $422M	$4.74M	2%	188,649 +7,362	+4%	+$185K
16	16 iShares S&P 500 Growth ETF IVW $57.6B	$4.44M	1.87%	47,851 +1,256	+3%	+$117K
17	17 BlackRock US Equity Factor Rotation ETF DYNF $17.7B	$4.16M	1.75%	85,303 +2,090	+3%	+$102K
18	18 WisdomTree US MidCap Fund EZM $763M	$4.05M	1.71%	67,911 +15,477	+30%	+$922K
19	19 Vanguard Value ETF VTV $135B	$3.45M	1.45%	19,959 -276	-1%	-$47.7K
20	20 WisdomTree India Earnings Fund ETF EPI $3.37B	$3.37M	1.42%	77,159 +6,651	+9%	+$291K
21	21 Vanguard Small-Cap Value ETF VBR $29.1B	$3.3M	1.39%	17,692 -161	-0.9%	-$30K
22	22 SPDR MSCI USA StrategicFactors ETF QUS $1.51B	$3.22M	1.36%	20,541 -800	-4%	-$125K
23	23 iShares S&P 500 Value ETF IVE $38.3B	$3.12M	1.32%	16,385 +5,125	+46%	+$977K
24	24 Invesco S&P SmallCap Momentum ETF XSMO $1.58B	$3.11M	1.31%	49,499 +318	+0.7%	+$20K
25	25 Invesco S&P SmallCap 600 Pure Value ETF RZV $203M	$3.06M	1.29%	31,003 +1,211	+4%	+$120K