LIFELONG WEALTH ADVISORS, INC.

2. Key Holdings

The portfolio is heavily concentrated in its top positions, with the top three holdings comprising approximately 45.2% of the total assets.

• GSLC (Goldman Sachs ETF Trust): This is the dominant position, valued at $71.56M and accounting for 18.96% of the portfolio. It was a new addition this quarter, indicating a shift toward using Goldman Sachs' active or semi-active ETF strategies as a core holding.
• SPYM (SPDR Series Trust): The second-largest holding at $63.85M (16.92%), SPYM is an ETF that typically focuses on large-cap U.S. equities or specific momentum strategies. Its status as a top-tier holding reinforces a focus on large-cap growth or market exposure.
• JPMorgan ETF Trust: The third position, valued at $35.17M (9.32%), further underscores the preference for major financial institution ETF products for core allocation.
• Factor ETFs: The fourth and fifth positions, FMDE (Fidelity Covington Trust) and AVUV (American Century ETF Trust), represent significant allocations to factor investing. FMDE ($27.21M) and AVUV ($23.09M) suggest a strategic tilt toward value and small/mid-cap premiums, respectively.