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Investment Type: coli

TOPS Balanced ETF Division

Portfolio Composition

  as of 12/31/2024
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Asset Type Net Short Long U.S. Bonds 38.52% 0.02%   38.54%   U.S. Stocks 31.57% 0.0%   31.57%   Non-U.S. Stocks 17.8% 0.0%   17.8%   Non-U.S. Bonds 8.24% 0.0%   8.24%   Cash 3.81% 0.35%   4.16%   Other 0.05% 0.0%   0.05%   Convertibles 0.01% 0.0%   0.01%   Total 100%

Top 10 Holdings   as of 12/31/2024    What's this? % of Net Assets Vanguard Short-Term Infl-Prot Secs ETF 12.06 Vanguard FTSE Developed Markets ETF 8.98 Vanguard S&P 500 ETF 8.92 iShares iBoxx $ Invmt Grade Corp Bd ETF 8.04 SPDR(R) Portfolio Short Term Corp Bd ETF 7.04 SPDR(R) Portfolio S&P 500 Value ETF 6.95 Vanguard Intmdt-Term Trs ETF 5.03 SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF 4.99 iShares Global REIT ETF 4.02 Vanguard Short-Term Treasury ETF 4.02 Total*: 70.06 *Values may exceed 100% if both long and short positions are included in the portfolio

Morningstar Style Box™   as of 12/31/2024    What's this?

Stock Sector Breakdown   as of 12/31/2024    What's this? % of Net Assets Cyclical 42.77 Basic Materials 6.56 Consumer Cyclical 9.97 Financial Svcs 14.86 Real Estate 11.38 Defensive 16.86 Consumer Defensive 5.64 Healthcare 8.59 Utilities 2.63 Sensitive 40.37 Comm Svcs 4.92 Energy 5.72 Industrials 10.67 Technology 19.06

Analysis   as of 12/31/2024 Average Market Cap (mil): $48,548.07 Price/Earnings Ratio: 16.36 Price/Book Ratio: 2.11 Price/Cash Flow Ratio: 10.16 Turnover Ratio: 11.00% # Stock Holdings: 0 # Bond Holdings: 0 # Other Holdings: 23 Total # of Holdings: 23

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