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
151	151 Prologis PLD $105B	$48K	0.01%	+382	New	+$48K
152	152 HP HPQ $27B	$46K	0.01%	+1,694	New	+$46K
153	153 Intercontinental Exchange ICE $99.9B	$46K	0.01%	+400	New	+$46K
154	154 Moderna MRNA $9.45B	$46K	0.01%	+120	New	+$46K
155	155 Travelers Companies TRV $62.9B	$46K	0.01%	+304	New	+$46K
156	156 US Bancorp USB $76.5B	$46K	0.01%	+775	New	+$46K
157	157 Verizon VZ $186B	$46K	0.01%	+855	New	+$46K
158	158 Dell DELL $85.7B	$45K	0.01%	+858	New	+$45K
159	159 Moody's MCO $89.6B	$45K	0.01%	+127	New	+$45K
160	160 Exxon Mobil XOM $479B	$45K	0.01%	+767	New	+$45K
161	161 SPDR Gold Trust GLD $110B	$44K	0.01%	+265	New	+$44K
162	162 Verisk Analytics VRSK $37.7B	$44K	0.01%	+218	New	+$44K
163	163 AbbVie ABBV $376B	$43K	0.01%	+397	New	+$43K
164	164 RTX Corp RTX $212B	$43K	0.01%	+495	New	+$43K
165	WBA 165 DELISTED Walgreens Boots Alliance WBA	$43K	0.01%	+908	New	+$43K
166	166 Chipotle Mexican Grill CMG $55.5B	$42K	0.01%	+1,150	New	+$42K
167	167 Cummins CMI $55.2B	$41K	0.01%	+181	New	+$41K
168	168 Invesco S&P 500 Revenue ETF RWL $6.3B	$41K	0.01%	+567	New	+$41K
169	169 Caterpillar CAT $197B	$40K	0.01%	+206	New	+$40K
170	170 Linde LIN $222B	$40K	0.01%	+135	New	+$40K
171	171 Synopsys SNPS $111B	$40K	0.01%	+135	New	+$40K
172	172 Vanguard Total Stock Market ETF VTI $529B	$40K	0.01%	+180	New	+$40K
173	173 Emerson Electric EMR $74.9B	$39K	0.01%	+414	New	+$39K
174	174 Edwards Lifesciences EW $47.5B	$39K	0.01%	+345	New	+$39K
175	175 Invesco FTSE RAFI Emerging Markets ETF PXH $1.56B	$38K	0.01%	+1,697	New	+$38K