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

-3.71%

1 Year Return

+9.2%

3 Year Return

+27.53%

5 Year Return

–

10 Year Return

–

AUM

$446M

AUM Growth

-$4.3M (-0.96%)

Cap. Flow

+$8.9M

Cap. Flow % of AUM

1.99%

Top 10 Holdings % Top 10 Hldgs %

58.83%

Holding

2,032

New

116

Increased

634

Reduced

759

Closed

109

Top Buys

1	Goldman Sachs Access Treasury 0-1 Year ETF GBIL	$48.1M
2	iShares 20+ Year Treasury Bond ETF TLT	$23.6M
3	Vanguard Long-Term Treasury ETF VGLT	$7.07M
4	Vanguard Mortgage-Backed Securities ETF VMBS	$3.07M
5	iShares California Muni Bond ETF CMF	$2.55M

Top Sells

1	Schwab Short-Term US Treasury ETF SCHO	$40.9M
2	iShares Ultra Short Duration Bond Active ETF ICSH	$27.4M
3	FlexShares iBoxx 3-Year Target Duration TIPS Index Fund TDTT	$8.29M
4	iShares 0-5 Year TIPS Bond ETF STIP	$1.63M
5	iShares Short-Term National Muni Bond ETF SUB	$1.07M

Sector Composition

1	Technology	2.44%
2	Healthcare	0.97%
3	Communication Services	0.95%
4	Industrials	0.81%
5	Financials	0.74%

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 Liberty Media Series C FWONK $25.2B	$18.5K	﹤0.01%	297 -14	-5%	-$872
327	327 Allstate ALL $53.1B	$18.5K	﹤0.01%	166	–	–
328	328 MSCI MSCI $42.9B	$18.5K	﹤0.01%	36 -5	-12%	-$2.57K
329	329 Corebridge Financial CRBG $18.1B	$18.3K	﹤0.01%	928 +615	+196%	+$12.1K
330	330 Avnet AVT $4.49B	$18.3K	﹤0.01%	380 +133	+54%	+$6.41K
331	331 McKesson MCK $85.5B	$18.3K	﹤0.01%	42 -11	-21%	-$4.78K
332	332 Viatris VTRS $12.2B	$18.2K	﹤0.01%	1,842 +861	+88%	+$8.49K
333	333 Dell DELL $84.4B	$18.1K	﹤0.01%	263 +13	+5%	+$896
334	334 Fortinet FTNT $60.4B	$18.1K	﹤0.01%	308 -4	-1%	-$235
335	335 Fortune Brands Innovations FBIN $7.3B	$18K	﹤0.01%	290 +8	+3%	+$497
336	336 Williams-Sonoma WSM $24.7B	$18K	﹤0.01%	232 +34	+17%	+$2.64K
337	337 TSMC TSM $1.26T	$18K	﹤0.01%	207 -34	-14%	-$2.96K
338	338 L3Harris LHX $51B	$17.9K	﹤0.01%	103 -8	-7%	-$1.39K
339	339 Coupang CPNG $52.7B	$17.9K	﹤0.01%	1,054 +48	+5%	+$816
340	340 3M MMM $82.7B	$17.9K	﹤0.01%	228 +35	+18%	+$2.75K
341	341 Amphenol APH $135B	$17.8K	﹤0.01%	424 -60	-12%	-$2.52K
342	342 Vodafone VOD $28.5B	$17.8K	﹤0.01%	1,874 -207	-10%	-$1.96K
343	343 Cognizant CTSH $35.1B	$17.7K	﹤0.01%	261 +77	+42%	+$5.22K
344	ANSS 344 DELISTED Ansys ANSS	$17.6K	﹤0.01%	59 +1	+2%	+$298
345	345 Kimberly-Clark KMB $43.1B	$17.5K	﹤0.01%	145 -47	-24%	-$5.68K
346	346 McCormick & Company Non-Voting MKC $19B	$17.5K	﹤0.01%	231 +2	+0.9%	+$151
347	347 APA Corp APA $8.14B	$17.5K	﹤0.01%	425 +167	+65%	+$6.86K
348	348 eBay EBAY $42.3B	$17.4K	﹤0.01%	395 -55	-12%	-$2.43K
349	349 Lennar Class A LEN $36.7B	$17.4K	﹤0.01%	160 +39	+32%	+$4.24K
350	HZNP 350 DELISTED Horizon Therapeutics Public Limited Company Ordinary Shares HZNP	$17.4K	﹤0.01%	150 -4	-3%	-$463