Instuitional Investor - Howard Financial Services, Ltd.
 Fund Profile 
  Filing Period:  
 | Fund Name: | Howard Financial Services, Ltd. | 
| Portfolio Value | $817,342,431 | 
 Top 13F Holdings  
  Filing Period:  
 | No. | Security | Ticker | Shares | Value | % Port | 
|---|---|---|---|---|---|
| 1. | VLUE | 505,170 | $98,255,534 | 12.02% | |
| 2. | FNDF | 1,990,249 | $54,333,796 | 6.65% | |
| 3. | Vanguard Specialized Funds - DIV APP ETF  |  188,677 | $40,714,567 | 4.98% | |
| 4. | Invesco Exchange Traded Fd T - S&P 500 GARP ETF  |  344,943 | $39,192,449 | 4.8% | |
| 5. | Invesco Exchange Traded Fd T - S&P500 EQL WGT  |  196,402 | $37,257,491 | 4.56% |