MCF Advisors LLC

Key Holdings

The top ten holdings constitute a commanding 59.18% of the total portfolio value, underscoring a concentration in core liquidity and index vehicles.

1. Vanguard S&P 500 ETF (VOO): The largest position at $289.85M (17.76%), serves as the portfolio's primary anchor, providing broad exposure to large-cap U.S. equities.
2. iShares Core MSCI Intl (IDEV): The second-largest holding at $124.52M (7.63%), indicates a significant commitment to international developed markets, balancing the U.S.-centric top holding.
3. iShares U.S. Treasury Bond ETF (GOVT): Comprising $98.89M (6.06%), this position highlights a substantial allocation to fixed income, likely serving as a stabilizer and income generator.
4. SPDR S&P 500 ETF (SPY): Holding $95.88M (5.88%), this creates a notable overlap with VOO. The firm holds nearly identical S&P 500 exposure across two different issuers (Vanguard and SPDR), totaling over 23% of the portfolio in this specific asset class alone.
5. SPDR Portfolio Short Term Corp Bd ETF (SPSB): At $87.49M (5.36%), this reinforces the fixed-income tilt, specifically targeting short-term credit, suggesting a focus on capital preservation and yield within the bond portion of the portfolio.