BIA

Bell Investment Advisors Portfolio holdings

AUM $582M

1-Year Return 9.2%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2021 Q4 2021 Q3

This Quarter Return

-0.63%

1 Year Return

+9.2%

3 Year Return

+27.53%

5 Year Return

–

10 Year Return

–

AUM

$338M

AUM Growth

–

Cap. Flow

+$338M

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

61.9%

Holding

1,868

New

1,864

Increased

–

Reduced

–

Closed

–

Top Buys

1	FlexShares iBoxx 3-Year Target Duration TIPS Index Fund TDTT	+$34.9M
2	iShares Core 60/40 Balanced Allocation ETF AOR	+$28.3M
3	Vanguard Mortgage-Backed Securities ETF VMBS	+$28.1M
4	Schwab Short-Term US Treasury ETF SCHO	+$26.2M
5	iShares MSCI USA Momentum Factor ETF MTUM	+$23.4M

Top Sells

No sells this quarter

Sector Composition

1	Technology	2.25%
2	Healthcare	0.89%
3	Financials	0.88%
4	Communication Services	0.82%
5	Consumer Discretionary	0.73%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
326	326 Veeva Systems VEEV $46.3B	$17K	0.01%	+59	New	+$17K
327	327 Arrow Electronics ARW $6.49B	$16K	﹤0.01%	+142	New	+$16K
328	328 AvalonBay Communities AVB $27.7B	$16K	﹤0.01%	+70	New	+$16K
329	329 Brown-Forman Class B BF.B $13B	$16K	﹤0.01%	+234	New	+$16K
330	330 Boston Scientific BSX $160B	$16K	﹤0.01%	+379	New	+$16K
331	331 Digital Realty Trust DLR $55B	$16K	﹤0.01%	+112	New	+$16K
332	JNPR 332 DELISTED Juniper Networks JNPR	$16K	﹤0.01%	+565	New	+$16K
333	333 Altria Group MO $110B	$16K	﹤0.01%	+343	New	+$16K
334	334 Pool Corp POOL $12.5B	$16K	﹤0.01%	+37	New	+$16K
335	335 Public Storage PSA $51.7B	$16K	﹤0.01%	+55	New	+$16K
336	336 Roper Technologies ROP $56.3B	$16K	﹤0.01%	+35	New	+$16K
337	337 SK Telecom SKM $8.27B	$16K	﹤0.01%	+319	New	+$16K
338	338 Thomson Reuters TRI $78.2B	$16K	﹤0.01%	+137	New	+$16K
339	339 Walmart WMT $815B	$16K	﹤0.01%	+345	New	+$16K
340	340 W.P. Carey WPC $14.7B	$16K	﹤0.01%	+226	New	+$16K
341	341 Arch Capital ACGL $33.9B	$15K	﹤0.01%	+400	New	+$15K
342	342 AptarGroup ATR $9.11B	$15K	﹤0.01%	+126	New	+$15K
343	343 Best Buy BBY $16.3B	$15K	﹤0.01%	+142	New	+$15K
344	344 Cable One CABO $922M	$15K	﹤0.01%	+8	New	+$15K
345	345 Cognizant CTSH $34.8B	$15K	﹤0.01%	+206	New	+$15K
346	346 Ecolab ECL $78.1B	$15K	﹤0.01%	+70	New	+$15K
347	347 Fifth Third Bancorp FITB $30.1B	$15K	﹤0.01%	+358	New	+$15K
348	348 Fortinet FTNT $61.6B	$15K	﹤0.01%	+265	New	+$15K
349	349 Hexcel HXL $5.12B	$15K	﹤0.01%	+245	New	+$15K
350	350 Infosys INFY $69.6B	$15K	﹤0.01%	+655	New	+$15K