Invera Wealth Advisors, LLC

The fund exhibits a "Core and Satellite" structure, utilizing Exchange Traded Funds (ETFs) to build a foundational core while allocating significant capital to individual growth and value stocks. The turnover for the quarter was exceptionally high, evidenced by the activity summary: 20 new positions and 19 sold positions, alongside 29 reduced stakes and only 1 increased stake. This high level of activity suggests a dynamic rebalancing strategy, potentially shifting the portfolio's risk profile or reallocating new capital inflows into different asset classes.

2. Key Holdings

The portfolio is dominated by a mix of fixed-income and broad equity ETFs, alongside mega-cap technology leaders. The top position is ISHARES TR (Ticker likely associated with a fixed income or broad market fund given the context of other holdings), valued at $15.36 million, accounting for 9.70% of the total portfolio.