Peak Financial Management, Inc.

The portfolio currently consists of 98 holdings, displaying a high degree of diversification. The composition is heavily skewed toward Exchange Traded Funds (ETFs), which account for approximately 66.7% of the total portfolio value ($258.82M). This structure suggests a "core-satellite" or model portfolio approach, utilizing broad-market ETFs for beta while allocating smaller portions to individual equities and niche sectors.

2. Key Holdings

The portfolio is dominated by broad-market, passive investment vehicles, with the top five positions all being major index ETFs:

• VXUS (Vanguard Total International Stock ETF): The largest position at $44.91M (11.58%), representing a significant overweight to international equities compared to typical US-centric portfolios.
• VTI (Vanguard Total Stock Market ETF): Holding $31.21M (8.05%), providing exposure to the entire U.S. equity market.
• SPDR Index Shs FDS: Likely a broad index or S&P 500 related fund, valued at $28.36M (7.31%).
• RSP (Invesco S&P 500 Equal Weight ETF): A $17.64M (4.55%) holding that offers an alternative to market-cap weighted indices, reducing concentration risk among the largest tech companies.
• VOO (Vanguard S&P 500 ETF): A standard S&P 500 holding of $16.85M (4.35%).