HBT

Hills Bank & Trust Portfolio holdings

AUM $1.42B

AUM

$1.42B

AUM Growth

+$91.7M (+7%)

Cap. Flow

+$113M

Cap. Flow % of AUM

7.96%

Top 10 Holdings %Top 10 Hldgs %

42.93%

Holding

311

New

Increased

121

Reduced

107

Closed

Top Buys

1	Vanguard FTSE Developed Markets ETF VEA	$51.7M
2	Vanguard FTSE Emerging Markets ETF VWO	$25.2M
3	Invesco BulletShares 2030 Corporate Bond ETF BSCU	$5.21M
4	SPDR Portfolio S&P 500 ETF SPLG	$4.68M
5	SPDR Portfolio S&P 500 Value ETF SPYV	$4.38M

Top Sells

1	SPDR S&P 500 ETF Trust SPY	$787K
2	FlexShares Global Upstream Natural Resources Index Fund GUNR	$537K
3	Markel Group MKL	$456K
4	Microsoft MSFT	$452K
5	Fiserv FI	$446K

Sector Composition

1	Technology	10.11%
2	Financials	5.6%
3	Industrials	4.23%
4	Healthcare	3.62%
5	Consumer Discretionary	3.33%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 SPDR S&P 500 ETF Trust SPY $626B	$122M	8.59%	218,228 -1,406	-0.6%	-$787K
2	2 Vanguard FTSE Developed Markets ETF VEA $159B	$97.3M	6.85%	1,913,658 +1,017,417	+114%	+$51.7M
3	3 SPDR S&P MidCap 400 ETF Trust MDY $22.4B	$64.2M	4.52%	120,356 -255	-0.2%	-$136K
4	4 Invesco BulletShares 2026 Corporate Bond ETF BSCQ $4.2B	$52.7M	3.71%	2,703,849 +56,115	+2%	+$1.09M
5	5 iShares iBonds Dec 2025 Term Treasury ETF IBTF $2.11B	$51.4M	3.62%	2,200,359 +31,917	+1%	+$746K
6	6 Federated Hermes Total Return Bond ETF FTRB $316M	$49.2M	3.46%	1,964,479 +154,748	+9%	+$3.88M
7	7 Invesco BulletShares 2027 Corporate Bond ETF BSCR $3.51B	$47.2M	3.32%	2,409,045 +54,421	+2%	+$1.07M
8	8 Invesco BulletShares 2028 Corporate Bond ETF BSCS $2.56B	$46.5M	3.28%	2,286,974 +37,984	+2%	+$773K
9	9 Vanguard FTSE Emerging Markets ETF VWO $86.4B	$40.6M	2.86%	897,363 +556,033	+163%	+$25.2M
10	10 Invesco BulletShares 2029 Corporate Bond ETF BSCT $2.02B	$38.6M	2.72%	2,085,408 +73,107	+4%	+$1.35M
11	11 Invesco BulletShares 2030 Corporate Bond ETF BSCU $1.57B	$33.4M	2.35%	2,012,733 +314,238	+19%	+$5.21M
12	12 SPDR Portfolio S&P 400 Mid Cap ETF SPMD $12.7B	$31.1M	2.19%	608,348 +38,140	+7%	+$1.95M
13	13 Apple AAPL $2.99T	$29M	2.04%	130,562 -1,509	-1%	-$335K
14	14 Microsoft MSFT $3.42T	$28.6M	2.02%	76,269 -1,204	-2%	-$452K
15	15 NVIDIA NVDA $3.3T	$26.5M	1.87%	244,567 -1,082	-0.4%	-$117K
16	16 Vanguard Total Bond Market BND $126B	$24.6M	1.73%	334,617 +10,321	+3%	+$758K
17	17 FlexShares Global Upstream Natural Resources Index Fund GUNR $4.71B	$24.1M	1.7%	621,551 -13,838	-2%	-$537K
18	18 Procter & Gamble PG $393B	$20.1M	1.42%	118,105 +3,722	+3%	+$634K
19	19 Alphabet (Google) Class C GOOG $2.11T	$19.4M	1.37%	124,137 -785	-0.6%	-$123K
20	20 SPDR Portfolio S&P 500 Value ETF SPYV $25.6B	$16.6M	1.17%	325,004 +85,819	+36%	+$4.38M
21	21 SPDR S&P Global Infrastructure ETF GII $548M	$15M	1.06%	242,452 +11,288	+5%	+$700K
22	22 FlexShares Global Quality Real Estate Index Fund GQRE $414M	$14.9M	1.05%	256,653 +5,720	+2%	+$331K
23	23 Fastenal FAST $47.8B	$14.5M	1.02%	186,998 -2,976	-2%	-$231K
24	24 JPMorgan Chase JPM $737B	$14.3M	1%	58,195 -507	-0.9%	-$124K
25	25 iShares MSCI EAFE ETF EFA $62.8B	$14M	0.99%	171,446 -611	-0.4%	-$49.9K