Arbor Wealth Advisors LLC

2. Key Holdings

The portfolio is dominated by large-cap Vanguard ETFs, with the top five positions accounting for approximately 58.98% of the total assets.

• VTV (Vanguard Value ETF): The largest holding at $32.14M (22.90%). This indicates a strong tilt toward value factors within the US equity market.
• VXUS (Vanguard Total International Stock ETF): The second largest position at $23.42M (16.69%), providing significant exposure to developed and emerging markets outside the US.
• VB (Vanguard Small-Cap ETF): At $12.99M (9.26%), this position complements the large-cap value exposure by adding small-cap domestic equities.
• VBR (Vanguard Small-Cap Value ETF): Holding $7.56M (5.39%), this further reinforces a "Value" and "Small-Cap" factor tilt.
• VTI (Vanguard Total Stock Market ETF): A $6.65M (4.74%) position offering broad exposure to the entire US market.