Valmark Advisers Portfolio holdings

AUM $6.63B

AUM

$6.63B

AUM Growth

+$175M (+3%)

Cap. Flow

+$242M

Cap. Flow % of AUM

3.65%

Top 10 Holdings %Top 10 Hldgs %

47.49%

Holding

628

New

Increased

275

Reduced

241

Closed

Top Buys

1	SPDR Portfolio S&P 400 Mid Cap ETF SPMD	$19.1M
2	SPDR Portfolio S&P 600 Small Cap ETF SPSM	$19M
3	Vanguard Intermediate-Term Treasury ETF VGIT	$15.9M
4	SPDR Portfolio S&P 500 Value ETF SPYV	$14.2M
5	Vanguard S&P 500 ETF VOO	$12.7M

Top Sells

1	Schwab US Dividend Equity ETF SCHD	$6.32M
2	First Trust Capital Strength ETF FTCS	$6.19M
3	WisdomTree Target Range Fund GTR	$5.11M
4	Schwab US Mid-Cap ETF SCHM	$2.67M
5	NVIDIA NVDA	$1.49M

Sector Composition

1	Technology	1.74%
2	Financials	1.11%
3	Consumer Discretionary	0.59%
4	Industrials	0.57%
5	Consumer Staples	0.54%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
76	76 WisdomTree US SmallCap Dividend Fund DES $1.8B	$9.69M	0.15%	303,136 +38,142	+14%	+$1.22M
77	77 WisdomTree Emerging Markets High Dividend Fund DEM $2.94B	$9.42M	0.14%	223,977 +38,557	+21%	+$1.62M
78	78 First Trust Capital Strength ETF FTCS $8.43B	$9.2M	0.14%	102,659 -69,046	-40%	-$6.19M
79	79 Vanguard Mid-Cap ETF VO $79.8B	$8.59M	0.13%	33,209 -166	-0.5%	-$42.9K
80	80 Energy Select Sector SPDR Fund XLE $26.7B	$8.39M	0.13%	89,810 +7,878	+10%	+$736K
81	81 iShares National Muni Bond ETF MUB $38.6B	$8.27M	0.12%	78,390 -619	-0.8%	-$65.3K
82	82 Vanguard FTSE All-World ex-US Small-Cap Index Fund VSS $8.72B	$8.14M	0.12%	70,402 +8,597	+14%	+$994K
83	83 SPDR S&P 500 ETF Trust SPY $617B	$8.1M	0.12%	14,475 +1,424	+11%	+$797K
84	84 Exxon Mobil XOM $447B	$7.93M	0.12%	66,714 +1,705	+3%	+$203K
85	85 Schwab Intermediately-Term US Treasury ETF SCHR $10.5B	$7.72M	0.12%	310,694 -6,897	-2%	-$171K
86	86 Xtrackers MSCI EAFE High Dividend Yield Equity ETF HDEF $2.01B	$7.63M	0.12%	281,270 +16,297	+6%	+$442K
87	87 SPDR Bloomberg 3-12 Month T-Bill ETF BILS $3.96B	$7.25M	0.11%	72,903 +41,662	+133%	+$4.14M
88	88 Vanguard Small-Cap ETF VB $60.5B	$7.21M	0.11%	32,518 +1,821	+6%	+$404K
89	89 Vanguard Tax-Exempt Bond Index Fund VTEB $35.3B	$7.05M	0.11%	142,099 -26,900	-16%	-$1.33M
90	90 Invesco MSCI Global Timber ETF CUT $47.7M	$7M	0.11%	227,581 +12,787	+6%	+$393K
91	91 Capital Group Core Plus Income ETF CGCP $4.8B	$6.83M	0.1%	304,082 +148,812	+96%	+$3.34M
92	92 Vanguard Global ex-US Real Estate ETF VNQI $3.29B	$6.73M	0.1%	166,425 +8,691	+6%	+$352K
93	93 iShares Global 100 ETF IOO $6.22B	$6.67M	0.1%	69,257 -2,386	-3%	-$230K
94	94 iShares Core Dividend Growth ETF DGRO $30.6B	$6.64M	0.1%	107,511 +15,243	+17%	+$942K
95	95 iShares iBoxx $ High Yield Corporate Bond ETF HYG $15.7B	$6.46M	0.1%	81,942 -16,924	-17%	-$1.34M
96	96 Schwab US Broad Market ETF SCHB $32.4B	$6.22M	0.09%	288,760 -3,619	-1%	-$77.9K
97	97 Schwab US TIPS ETF SCHP $12.7B	$5.99M	0.09%	222,716 -7,553	-3%	-$203K
98	98 iShares Russell Top 200 ETF IWL $1.6B	$5.61M	0.08%	40,814 -800	-2%	-$110K
99	99 SPDR Bloomberg Emerging Markets Local Bond ETF EBND $1.9B	$5.59M	0.08%	278,653 +276	+0.1%	+$5.54K
100	100 Walmart WMT $772B	$5.54M	0.08%	63,161 -164	-0.3%	-$14.4K