Instuitional Investor - Bell Investment Advisors, Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Goldman Sachs Etf Tr		603,403	$60,479,109	9.88%
2.	Schwab Strategic Trust	FNDF	2,063,000	$54,256,912	8.87%
3.	Vanguard Scottsdale Funds		1,001,407	$47,026,063	7.68%
4.	Flexshares Trust		1,886,811	$45,906,120	7.5%
5.	Ishares Trust	IEF	415,139	$37,100,957	6.06%