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

+5.77%

1 Year Return

+9.2%

3 Year Return

+27.53%

5 Year Return

–

10 Year Return

–

AUM

$545M

AUM Growth

+$35.9M (+7%)

Cap. Flow

+$7.52M

Cap. Flow % of AUM

1.38%

Top 10 Holdings % Top 10 Hldgs %

59.51%

Holding

1,970

New

Increased

361

Reduced

549

Closed

Top Buys

1	Goldman Sachs Access Treasury 0-1 Year ETF GBIL	$2.06M
2	Vanguard Mortgage-Backed Securities ETF VMBS	$1.61M
3	Schwab US Large- Cap ETF SCHX	$1.59M
4	iShares 20+ Year Treasury Bond ETF TLT	$1.31M
5	FlexShares iBoxx 3-Year Target Duration TIPS Index Fund TDTT	$1.1M

Top Sells

1	SPDR Portfolio High Yield Bond ETF SPHY	$1.5M
2	Schwab Fundamental US Large Company Index ETF FNDX	$594K
3	iShares Ultra Short Duration Bond Active ETF ICSH	$517K
4	iShares Core 60/40 Balanced Allocation ETF AOR	$473K
5	iShares Core S&P Small-Cap ETF IJR	$444K

Sector Composition

1	Technology	2.8%
2	Communication Services	1.01%
3	Healthcare	0.94%
4	Industrials	0.92%
5	Financials	0.84%

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 American Tower AMT $92.9B	$28.4K	0.01%	122 +4	+3%	+$930
327	327 Evercore EVR $12.3B	$27.9K	0.01%	110	–	–
328	328 Deckers Outdoor DECK $17.9B	$27.7K	0.01%	174 +6	+4%	+$957
329	329 Mondelez International MDLZ $79.9B	$27.7K	0.01%	376 +14	+4%	+$1.03K
330	330 Bristol-Myers Squibb BMY $96B	$27.6K	0.01%	534 -11	-2%	-$569
331	331 Omnicom Group OMC $15.4B	$27.6K	0.01%	267	–	–
332	332 United Rentals URI $62.7B	$27.5K	0.01%	34 -5	-13%	-$4.05K
333	333 ASML ASML $307B	$27.5K	0.01%	33	–	–
334	334 Janus Henderson JHG $6.91B	$27.3K	0.01%	718 -21	-3%	-$799
335	335 Centene CNC $14.2B	$27.2K	0.01%	361 -13	-3%	-$979
336	336 Prudential Financial PRU $37.2B	$27.1K	0.01%	224	–	–
337	337 Vishay Intertechnology VSH $2.11B	$26.8K	﹤0.01%	1,417 +77	+6%	+$1.46K
338	338 Exponent EXPO $3.61B	$26.5K	﹤0.01%	230	–	–
339	339 Hilton Worldwide HLT $64B	$26.5K	﹤0.01%	115	–	–
340	340 O'Reilly Automotive ORLY $89B	$26.5K	﹤0.01%	345	–	–
341	341 VICI Properties VICI $35.8B	$26K	﹤0.01%	780	–	–
342	342 CDW CDW $22.2B	$25.6K	﹤0.01%	113	–	–
343	343 Aegon AEG $11.8B	$25.5K	﹤0.01%	3,990	–	–
344	344 Mettler-Toledo International MTD $26.9B	$25.5K	﹤0.01%	17	–	–
345	345 eBay EBAY $42.3B	$25.5K	﹤0.01%	391	–	–
346	346 Morningstar MORN $10.8B	$25.2K	﹤0.01%	79	–	–
347	347 Global X Social Media ETF SOCL $151M	$24.9K	﹤0.01%	575	–	–
348	348 MGIC Investment MTG $6.55B	$24.9K	﹤0.01%	972	–	–
349	349 Marathon Petroleum MPC $54.8B	$24.8K	﹤0.01%	152 -10	-6%	-$1.63K
350	350 SAP SAP $313B	$24.5K	﹤0.01%	107 +7	+7%	+$1.6K