TCM

Towercrest Capital Management Portfolio holdings

AUM $526M

AUM

$526M

AUM Growth

-$92.4M (-15%)

Cap. Flow

-$77M

Cap. Flow % of AUM

-14.64%

Top 10 Holdings %Top 10 Hldgs %

53.38%

Holding

104

New

Increased

Reduced

Closed

Top Buys

1	Schwab Emerging Markets Equity ETF SCHE	$873K
2	PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP	$867K
3	Schwab US Aggregate Bond ETF SCHZ	$441K
4	SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB	$261K
5	Schwab International Equity ETF SCHF	$218K

Top Sells

1	iShares Core S&P 500 ETF IVV	$16.4M
2	iShares Floating Rate Bond ETF FLOT	$6.48M
3	Apple AAPL	$6.09M
4	iShares Core US Aggregate Bond ETF AGG	$5.89M
5	iShares Core MSCI EAFE ETF IEFA	$4.91M

Sector Composition

1	Technology	2.34%
2	Communication Services	0.6%
3	Financials	0.5%
4	Consumer Staples	0.42%
5	Healthcare	0.4%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 iShares 0-5 Year High Yield Corporate Bond ETF SHYG $6.34B	$6.03M	1.15%	141,842 -5,144	-4%	-$219K
27	27 Schwab US Dividend Equity ETF SCHD $69.9B	$5.82M	1.11%	208,100 +1,279	+0.6%	+$35.8K
28	28 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB $9.21B	$5.62M	1.07%	168,980 +7,860	+5%	+$261K
29	29 Invesco Emerging Markets Sovereign Debt ETF PCY $1.19B	$5.47M	1.04%	271,046 +7,468	+3%	+$151K
30	30 SPDR Portfolio Emerging Markets ETF SPEM $11.8B	$5.08M	0.96%	128,936 -15,131	-11%	-$596K
31	31 iShares Core Dividend Growth ETF DGRO $31.4B	$4.74M	0.9%	76,648 -17,797	-19%	-$1.1M
32	32 SPDR Portfolio Developed World ex-US ETF SPDW $26.9B	$4.61M	0.88%	126,684 -33,784	-21%	-$1.23M
33	33 Invesco Fundamental High Yield Corporate Bond ETF PHB $340M	$4.19M	0.8%	231,855 -4,616	-2%	-$83.4K
34	34 SPDR Nuveen ICE Municipal Bond ETF TFI $3.15B	$3.41M	0.65%	75,557 -2,199	-3%	-$99.1K
35	35 iShares Russell 1000 Growth ETF IWF $107B	$2.65M	0.5%	7,325 -2,299	-24%	-$830K
36	36 Schwab US Large-Cap Growth ETF SCHG $41.7B	$2.56M	0.49%	102,232	–	–
37	37 Microsoft MSFT $3.53T	$2.37M	0.45%	6,326 -4,606	-42%	-$1.73M
38	38 SPDR Portfolio S&P 400 Mid Cap ETF SPMD $12.6B	$2.19M	0.42%	42,871 -802	-2%	-$41K
39	39 SPDR Portfolio S&P 600 Small Cap ETF SPSM $10.9B	$2.08M	0.4%	51,002 -343	-0.7%	-$14K
40	40 SPDR Portfolio S&P 500 High Dividend ETF SPYD $6.81B	$1.53M	0.29%	34,614 +1,022	+3%	+$45.2K
41	41 SPDR Portfolio S&P 1500 Composite Stock Market ETF SPTM $10.1B	$1.44M	0.27%	21,165 -778	-4%	-$52.9K
42	42 iShares 1-3 Year Treasury Bond ETF SHY $24.2B	$1.28M	0.24%	15,504 -4,708	-23%	-$389K
43	43 Invesco S&P 500 Equal Weight ETF RSP $71.8B	$1.21M	0.23%	6,989 -60	-0.9%	-$10.4K
44	44 JPMorgan Chase JPM $736B	$1.17M	0.22%	4,779 -4,680	-49%	-$1.15M
45	45 Schwab Short-Term US Treasury ETF SCHO $11.2B	$1.12M	0.21%	45,847 -1,082	-2%	-$26.3K
46	46 Johnson & Johnson JNJ $378B	$1.07M	0.2%	6,463 -243	-4%	-$40.3K
47	47 Invesco QQQ Trust QQQ $339B	$826K	0.16%	1,761 -311	-15%	-$146K
48	48 Merck MRK $205B	$821K	0.16%	9,145	–	–
49	49 Amazon AMZN $2.25T	$819K	0.16%	4,304 -1,721	-29%	-$327K
50	50 Vanguard Growth ETF VUG $166B	$812K	0.15%	2,191	–	–