SimpliFi, Inc.

Key Holdings

The portfolio is highly concentrated in its top ten positions, which account for approximately 86.5% of the total value.

• Fixed Income Dominance: The largest position is BND (Vanguard Total Bond Market ETF) at $50.36 million, representing a substantial 21.30% of the portfolio. This is a new position for the quarter and signals a strong defensive posture. Other significant fixed income holdings include IEF (iShares 7-10 Year Treasury Bond) at 9.43% and VGIT (Vanguard Intermediate-Term Treasury) at 4.41%.
• Equity Strategy: The second-largest holding is RSP (Invesco S&P 500 Equal Weight ETF) at $32.86 million (13.90%). This position was aggressively increased by 202.5% during the quarter. The use of RSP over a cap-weighted index like SPY suggests a desire to reduce concentration risk among the largest tech companies and gain broader exposure to the S&P 500's constituents.
• Dividend Growth: VIG (Vanguard Dividend Appreciation ETF) is the third-largest holding at 9.75%, also a new position, indicating a focus on quality and income generation.