BELL INVESTMENT ADVISORS, INC

PrivateCIK: 1890149

Location

ORINDA, CA

1860

Positions

$639.15M

Total AUM (reported)

12.94M

Total Shares

Allocation by class

ACCES TREASURY$64.51M10.1%

FUNDAMENTAL US L$60.67M9.5%

COM$50.18M7.9%

MTG-BKD SECS ETF$49.40M7.7%

IBOXX 3R TARGT$48.46M7.6%

FUNDAMENTAL INTL$39.11M6.1%

20 YR TR BD ETF$36.94M5.8%

Portfolio Concentration

Top 3$174.59M27.3%

4–10$196.24M30.7%

11–25$136.42M21.3%

Rest$131.91M20.6%

Top 3 weight

27.3%

Top 10 weight

58.0%

Voting Authority Distribution

Total shares with voting rights: 12.94M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

12.94M

% of voting shares100.0%

Investment Discretion (by position count)

Sole1860

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings1860

Rows:

GOLDMAN SACHS ETF TR

SOLE

ACCES TREASURY

Shares643.92K

TypeSH

Market value$64.51M

10.09%

Sole

0.00

Shared

0.00

None

643.92K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL US L

Shares2.18M

TypeSH

Market value$60.67M

9.49%

Sole

0.00

Shared

0.00

None

2.18M

VANGUARD SCOTTSDALE FDS

SOLE

MTG-BKD SECS ETF

Shares1.05M

TypeSH

Market value$49.40M

7.73%

Sole

0.00

Shared

0.00

None

1.05M

FLEXSHARES TR

SOLE

IBOXX 3R TARGT

Shares2M

TypeSH

Market value$48.46M

7.58%

Sole

0.00

Shared

0.00

None

ISHARES TR

SOLE

20 YR TR BD ETF

Shares426.17K

TypeSH

Market value$36.94M

5.78%

Sole

0.00

Shared

0.00

None

426.17K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL INTL

Shares644.36K

TypeSH

Market value$31.53M

4.93%

Sole

0.00

Shared

0.00

None

644.36K

SCHWAB STRATEGIC TR

SOLE

US LRG CAP ETF

Shares901.40K

TypeSH

Market value$23.11M

3.62%

Sole

0.00

Shared

0.00

None

901.40K

ISHARES TR

SOLE

MSCI USA MMENTM

Shares88.20K

TypeSH

Market value$21.17M

3.31%

Sole

0.00

Shared

0.00

None

88.20K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares99.27K

TypeSH

Market value$19.48M

3.05%

Sole

0.00

Shared

0.00

None

99.27K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares81.08K

TypeSH

Market value$15.55M

2.43%

Sole

0.00

Shared

0.00

None

81.08K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL US S

Shares447.40K

TypeSH

Market value$14.51M

2.27%

Sole

0.00

Shared

0.00

None

447.40K

SCHWAB STRATEGIC TR

SOLE

INTL EQTY ETF

Shares558.28K

TypeSH

Market value$13.82M

2.16%

Sole

0.00

Shared

0.00

None

558.28K

INVESCO EXCH TRADED FD TR II

SOLE

S&P500 LOW VOL

Shares157.09K

TypeSH

Market value$11.49M

1.80%

Sole

0.00

Shared

0.00

None

157.09K

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares362.74K

TypeSH

Market value$11.13M

1.74%

Sole

0.00

Shared

0.00

None

362.74K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares146.31K

TypeSH

Market value$10.21M

1.60%

Sole

0.00

Shared

0.00

None

146.31K

APPLE INC

SOLE

COM

Shares37.25K

TypeSH

Market value$9.45M

1.48%

Sole

0.00

Shared

0.00

None

37.25K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares203.82K

TypeSH

Market value$9.42M

1.47%

Sole

0.00

Shared

0.00

None

203.82K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL EMER

Shares212.05K

TypeSH

Market value$8.11M

1.27%

Sole

0.00

Shared

0.00

None

212.05K

VANGUARD SCOTTSDALE FDS

SOLE

LONG TERM TREAS

Shares139.43K

TypeSH

Market value$7.72M

1.21%

Sole

0.00

Shared

0.00

None

139.43K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL INTL

Shares163.45K

TypeSH

Market value$7.58M

1.19%

Sole

0.00

Shared

0.00

None

163.45K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares59.20K

TypeSH

Market value$7.36M

1.15%

Sole

0.00

Shared

0.00

None

59.20K

INVESCO EXCH TRADED FD TR II

SOLE

S&P INTL LOW

Shares202.90K

TypeSH

Market value$6.99M

1.09%

Sole

0.00

Shared

0.00

None

202.90K

SCHWAB STRATEGIC TR

SOLE

US SML CAP ETF

Shares239.41K

TypeSH

Market value$6.96M

1.09%

Sole

0.00

Shared

0.00

None

239.41K

GOLDMAN SACHS ETF TR

SOLE

ACTIVEBETA US

Shares85.44K

TypeSH

Market value$6.37M

1.00%

Sole

0.00

Shared

0.00

None

85.44K

ISHARES TR

SOLE

CORE 60/40 BALAN

Shares82.38K

TypeSH

Market value$5.30M

0.83%

Sole

0.00

Shared

0.00

None

82.38K

Issuer	Class	Shares	Type	Value / Portfolio %	None
GOLDMAN SACHS ETF TRSOLE	ACCES TREASURY	643.92K	SH	$64.51M 10.09%	643.92K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL US L	2.18M	SH	$60.67M 9.49%	2.18M
VANGUARD SCOTTSDALE FDSSOLE	MTG-BKD SECS ETF	1.05M	SH	$49.40M 7.73%	1.05M
FLEXSHARES TRSOLE	IBOXX 3R TARGT	2M	SH	$48.46M 7.58%	2M
ISHARES TRSOLE	20 YR TR BD ETF	426.17K	SH	$36.94M 5.78%	426.17K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL INTL	644.36K	SH	$31.53M 4.93%	644.36K
SCHWAB STRATEGIC TRSOLE	US LRG CAP ETF	901.40K	SH	$23.11M 3.62%	901.40K
ISHARES TRSOLE	MSCI USA MMENTM	88.20K	SH	$21.17M 3.31%	88.20K
VANGUARD INDEX FDSSOLE	VALUE ETF	99.27K	SH	$19.48M 3.05%	99.27K
ISHARES TRSOLE	MSCI USA QLT FCT	81.08K	SH	$15.55M 2.43%	81.08K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL US S	447.40K	SH	$14.51M 2.27%	447.40K
SCHWAB STRATEGIC TRSOLE	INTL EQTY ETF	558.28K	SH	$13.82M 2.16%	558.28K
INVESCO EXCH TRADED FD TR IISOLE	S&P500 LOW VOL	157.09K	SH	$11.49M 1.80%	157.09K
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	362.74K	SH	$11.13M 1.74%	362.74K
ISHARES INCSOLE	CORE MSCI EMKT	146.31K	SH	$10.21M 1.60%	146.31K
APPLE INCSOLE	COM	37.25K	SH	$9.45M 1.48%	37.25K
ISHARES TRSOLE	MSCI INTL QUALTY	203.82K	SH	$9.42M 1.47%	203.82K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL EMER	212.05K	SH	$8.11M 1.27%	212.05K
VANGUARD SCOTTSDALE FDSSOLE	LONG TERM TREAS	139.43K	SH	$7.72M 1.21%	139.43K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL INTL	163.45K	SH	$7.58M 1.19%	163.45K
ISHARES TRSOLE	CORE S&P SCP ETF	59.20K	SH	$7.36M 1.15%	59.20K
INVESCO EXCH TRADED FD TR IISOLE	S&P INTL LOW	202.90K	SH	$6.99M 1.09%	202.90K
SCHWAB STRATEGIC TRSOLE	US SML CAP ETF	239.41K	SH	$6.96M 1.09%	239.41K
GOLDMAN SACHS ETF TRSOLE	ACTIVEBETA US	85.44K	SH	$6.37M 1.00%	85.44K
ISHARES TRSOLE	CORE 60/40 BALAN	82.38K	SH	$5.30M 0.83%	82.38K

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