ARKANSAS FINANCIAL GROUP, INC.

2. Key Holdings

The portfolio is characterized by a high concentration in large-cap core equity and fixed income ETFs. The top ten holdings account for approximately 64.1% of the total portfolio value, suggesting a "core and satellite" approach where the bulk of capital is invested in major index trackers.

• DIA (SPDR Dow Jones Industrial Average): This is the largest position, valued at $103.49 million (14.92% of the portfolio). This heavy allocation to the Dow Jones Industrial Average indicates a preference for "blue-chip," established industrial and financial companies over the broader S&P 500 or tech-heavy Nasdaq.
• IJH (iShares Core S&P Mid-Cap): A new addition and the second-largest holding at $64.75 million (9.34%). This represents a significant bet on mid-cap U.S. equities, potentially seeking a balance between the growth of small caps and the stability of large caps.
• VO (Vanguard Mid-Cap ETF) & IVV (iShares Core S&P 500): These positions ($43.85M and $42.08M respectively) reinforce the strategy of broad U.S. equity exposure across market capitalizations.
• Fixed Income Dominance: Positions 5 through 11 are all fixed-income or bond ETFs (SPSB, QQQ, IGSB, SPBO, IGIB, STIP). This cluster totals over $178 million, representing roughly 25.7% of the entire portfolio. This highlights a strong defensive posture or a focus on income generation within the asset allocation mix.