Bernardo Wealth Planning LLC

Key diversification characteristics:

• High use of broad market and factor ETFs as the core allocation (see “Key Holdings”).
• A material income/overlay sleeve (covered-call / income ETFs and actively managed fixed-income ETF CGCP).
• Direct single-stock exposure is modest: largest individual equity holding (AAPL) is 2.06% of the portfolio and most individual names are sub-1% positions.
• Top-10 holdings are highly concentrated: the 10 largest positions account for ~57.0% of the portfolio value, driven primarily by large ETF allocations.

Key Holdings and Their Significance

Top positions (by value) are dominated by broad-market and style/size ETFs:

• IVV (iShares S&P 500 ETF): $58.44M (11.14%). The single largest position and a core large-cap US equity exposure.
• MGK and MGV (Vanguard mega-/style ETFs): $44.31M (8.44%) and $31.12M (5.93%). These represent sizable style tilts (growth/value / mega-cap) and are material contributors to overall equity factor exposure.
• VONV and VONG (small‑cap value/growth style ETFs): $31.02M (5.91%) and $24.59M (4.69%). These provide small‑cap and style diversification away from mega-cap exposure.
• CGCP (Capital Group Fixed Income ETF): $26.24M (5.00%). Largest fixed‑income/active-bond holding — a meaningful allocation to active fixed-income beta within the ETF sleeve.
• ITOT, RSP, DFUS, JEPI and other ETFs make up additional large, diversified exposures across market-cap, equal-weight, and specialty strategies.