M Financial Asset Management, Inc.

**M Financial Asset Management, Inc.** manages $21M across a focused portfolio of nine positions. The strategy exhibits significant allocation toward diversified and thematic exposure, highlighted by top holdings in DFUV ($5.2M) and VEU ($4.9M). Further concentration is evident in DFIV ($4.1M) and DFAS ($4.0M), suggesting a core thesis around specific market segments. This concentrated structure provides targeted exposure across key asset classes.

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