Fusion Family Wealth LLC

The portfolio's structure is a core-and-sleeve ETF model. The five anchor positions account for 60.8% of AUM: Vanguard S&P 500 (VOO, $235.3M, 17.6%, 393,826 shares, +$3.5M, +0.9%) -- US large-cap blend -- is the portfolio's anchor and largest position. Invesco Russell 1000 Value (RWL, $192.7M, 14.4%, 1.68M shares, +$6.3M, +3.0%) -- US large-cap value-factor -- is the portfolio's most distinctive position and its value-factor core. Vanguard Developed Markets ex-US (VEA, $127.0M, 9.5%, +$5.6M, +1.9%) -- international developed equity -- is the portfolio's international core. Vanguard Small-Cap (VB, $115.7M, 8.6%, +$4.8M, +2.8%) -- US small-cap -- is the portfolio's small-cap core. Vanguard Emerging Markets (VWO, $112.0M, 8.4%, -$2.4M, -2.2%) -- emerging-markets equity -- is the portfolio's EM core. Together VOO, RWL, VEA, VB, and VWO at $782.7M (58.4%) form a globally diversified equity core with a value bias.

The factor-tilt sleeve is where the portfolio's investment philosophy becomes visible. In addition to RWL (pure value), the portfolio includes RWJ ($75.7M, 5.7%, 1.50M shares, +$3.7M, +5.1%) -- Invesco Russell 2000 Value (small-cap value) -- and RWK ($70.7M, 5.3%, 551K shares, +$2.8M, +4.1%) -- Invesco Russell MidCap Growth. Together RWL, RWJ, and RWK total $339.1M (25.3% of AUM) in value-and-size-factor tilts, indicating the manager runs a rules-based value-and-small-cap-factor strategy at the portfolio level. The growth-factor sleeve includes Invesco QQQ ($57.3M, 4.3%, 99,315 shares, NEW at new CUSIP, replacing old CUSIP 04609e107 sold at $61.2M) -- Nasdaq 100 growth -- and QQQM ($37.8M, 2.8%, 159,278 shares, increased) -- Invesco Nasdaq-100 with lower fee. The QQQ-and-QQQM positions total $95.1M (7.1% of AUM) in growth-factor exposure alongside the larger value-factor sleeve -- a combination consistent with a multi-factor or core-satellite strategy.