TOWERCREST CAPITAL MANAGEMENT

PrivateCIK: 1633288

Location

NEWTOWN, PA

103

Positions

$641.78M

Total AUM (reported)

11.85M

Total Shares

Allocation by class

CORE S&P500 ETF$68.28M10.6%

US LRG CAP ETF$55.80M8.7%

CORE US AGGBD ET$40.54M6.3%

IBOXX HI YD ETF$36.81M5.7%

COM$35.16M5.5%

IBOXX INV CP ETF$31.75M4.9%

FLTG RATE NT ETF$27.37M4.3%

Portfolio Concentration

Top 3$164.61M25.6%

4–10$190.06M29.6%

11–25$185.14M28.8%

Rest$101.96M15.9%

Top 3 weight

25.6%

Top 10 weight

55.3%

Voting Authority Distribution

Total shares with voting rights: 11.85M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

11.85M

% of voting shares100.0%

Investment Discretion (by position count)

Sole103

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings103

Rows:

ISHARES TR

SOLE

CORE S&P500 ETF

Shares104.19K

TypeSH

Market value$68.28M

10.64%

Sole

0.00

Shared

0.00

None

104.19K

SCHWAB STRATEGIC TR

SOLE

US LRG CAP ETF

Shares2.18M

TypeSH

Market value$55.80M

8.69%

Sole

0.00

Shared

0.00

None

2.18M

ISHARES TR

SOLE

CORE US AGGBD ET

Shares408.31K

TypeSH

Market value$40.54M

6.32%

Sole

0.00

Shared

0.00

None

408.31K

ISHARES TR

SOLE

IBOXX HI YD ETF

Shares462.63K

TypeSH

Market value$36.81M

5.74%

Sole

0.00

Shared

0.00

None

462.63K

ISHARES TR

SOLE

IBOXX INV CP ETF

Shares291.27K

TypeSH

Market value$31.75M

4.95%

Sole

0.00

Shared

0.00

None

291.27K

ISHARES TR

SOLE

FLTG RATE NT ETF

Shares537.21K

TypeSH

Market value$27.37M

4.26%

Sole

0.00

Shared

0.00

None

537.21K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares294.34K

TypeSH

Market value$26.65M

4.15%

Sole

0.00

Shared

0.00

None

294.34K

SCHWAB STRATEGIC TR

SOLE

US AGGREGATE B

Shares1.01M

TypeSH

Market value$23.56M

3.67%

Sole

0.00

Shared

0.00

None

1.01M

ISHARES TR

SOLE

CORE MSCI EMKT

Shares330.82K

TypeSH

Market value$23.08M

3.60%

Sole

0.00

Shared

0.00

None

330.82K

ISHARES TR

SOLE

JPMORGAN USD EMG

Shares221.84K

TypeSH

Market value$20.84M

3.25%

Sole

0.00

Shared

0.00

None

221.84K

SCHWAB STRATEGIC TR

SOLE

INTL EQTY ETF

Shares788.47K

TypeSH

Market value$19.51M

3.04%

Sole

0.00

Shared

0.00

None

788.47K

SPDR SER TR

SOLE

BLOMBERG BRC INV

Shares584.82K

TypeSH

Market value$18.00M

2.80%

Sole

0.00

Shared

0.00

None

584.82K

SCHWAB STRATEGIC TR

SOLE

EMRG MKTEQ ETF

Shares490.54K

TypeSH

Market value$16.16M

2.52%

Sole

0.00

Shared

0.00

None

490.54K

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares230.28K

TypeSH

Market value$15.55M

2.42%

Sole

0.00

Shared

0.00

None

230.28K

ISHARES TR

SOLE

NATIONAL MUN ETF

Shares139.95K

TypeSH

Market value$14.86M

2.31%

Sole

0.00

Shared

0.00

None

139.95K

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares168.36K

TypeSH

Market value$12.89M

2.01%

Sole

0.00

Shared

0.00

None

168.36K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares101.46K

TypeSH

Market value$12.62M

1.97%

Sole

0.00

Shared

0.00

None

101.46K

SCHWAB STRATEGIC TR

SOLE

US MID-CAP ETF

Shares376.19K

TypeSH

Market value$11.65M

1.81%

Sole

0.00

Shared

0.00

None

376.19K

SCHWAB STRATEGIC TR

SOLE

US BRD MKT ETF

Shares404.68K

TypeSH

Market value$10.16M

1.58%

Sole

0.00

Shared

0.00

None

404.68K

SPDR SERIES TRUST

SOLE

PORTFOLIO AGRGTE

Shares391.33K

TypeSH

Market value$10.03M

1.56%

Sole

0.00

Shared

0.00

None

391.33K

ISHARES TR

SOLE

CORE S&P TTL STK

Shares65.77K

TypeSH

Market value$9.37M

1.46%

Sole

0.00

Shared

0.00

None

65.77K

SPDR TR S&P 500 ETF TR

SOLE

TR UNIT

Shares14.18K

TypeSH

Market value$9.22M

1.44%

Sole

0.00

Shared

0.00

None

14.18K

SCHWAB STRATEGIC TR

SOLE

US SML CAP ETF

Shares310.75K

TypeSH

Market value$9.04M

1.41%

Sole

0.00

Shared

0.00

None

310.75K

APPLE INC

SOLE

COM

Shares34.13K

TypeSH

Market value$8.66M

1.35%

Sole

0.00

Shared

0.00

None

34.13K

ISHARES TR

SOLE

0-5YR HI YL CP

Shares175.58K

TypeSH

Market value$7.43M

1.16%

Sole

0.00

Shared

0.00

None

175.58K

Issuer	Class	Shares	Type	Value / Portfolio %	None
ISHARES TRSOLE	CORE S&P500 ETF	104.19K	SH	$68.28M 10.64%	104.19K
SCHWAB STRATEGIC TRSOLE	US LRG CAP ETF	2.18M	SH	$55.80M 8.69%	2.18M
ISHARES TRSOLE	CORE US AGGBD ET	408.31K	SH	$40.54M 6.32%	408.31K
ISHARES TRSOLE	IBOXX HI YD ETF	462.63K	SH	$36.81M 5.74%	462.63K
ISHARES TRSOLE	IBOXX INV CP ETF	291.27K	SH	$31.75M 4.95%	291.27K
ISHARES TRSOLE	FLTG RATE NT ETF	537.21K	SH	$27.37M 4.26%	537.21K
ISHARES TRSOLE	CORE MSCI EAFE	294.34K	SH	$26.65M 4.15%	294.34K
SCHWAB STRATEGIC TRSOLE	US AGGREGATE B	1.01M	SH	$23.56M 3.67%	1.01M
ISHARES TRSOLE	CORE MSCI EMKT	330.82K	SH	$23.08M 3.60%	330.82K
ISHARES TRSOLE	JPMORGAN USD EMG	221.84K	SH	$20.84M 3.25%	221.84K
SCHWAB STRATEGIC TRSOLE	INTL EQTY ETF	788.47K	SH	$19.51M 3.04%	788.47K
SPDR SER TRSOLE	BLOMBERG BRC INV	584.82K	SH	$18.00M 2.80%	584.82K
SCHWAB STRATEGIC TRSOLE	EMRG MKTEQ ETF	490.54K	SH	$16.16M 2.52%	490.54K
ISHARES TRSOLE	CORE S&P MCP ETF	230.28K	SH	$15.55M 2.42%	230.28K
ISHARES TRSOLE	NATIONAL MUN ETF	139.95K	SH	$14.86M 2.31%	139.95K
SPDR SERIES TRUSTSOLE	STATE STREET SPD	168.36K	SH	$12.89M 2.01%	168.36K
ISHARES TRSOLE	CORE S&P SCP ETF	101.46K	SH	$12.62M 1.97%	101.46K
SCHWAB STRATEGIC TRSOLE	US MID-CAP ETF	376.19K	SH	$11.65M 1.81%	376.19K
SCHWAB STRATEGIC TRSOLE	US BRD MKT ETF	404.68K	SH	$10.16M 1.58%	404.68K
SPDR SERIES TRUSTSOLE	PORTFOLIO AGRGTE	391.33K	SH	$10.03M 1.56%	391.33K
ISHARES TRSOLE	CORE S&P TTL STK	65.77K	SH	$9.37M 1.46%	65.77K
SPDR TR S&P 500 ETF TRSOLE	TR UNIT	14.18K	SH	$9.22M 1.44%	14.18K
SCHWAB STRATEGIC TRSOLE	US SML CAP ETF	310.75K	SH	$9.04M 1.41%	310.75K
APPLE INCSOLE	COM	34.13K	SH	$8.66M 1.35%	34.13K
ISHARES TRSOLE	0-5YR HI YL CP	175.58K	SH	$7.43M 1.16%	175.58K

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