Boulay Financial Advisors, LLC

Key Holdings

The portfolio is dominated by two primary positions that together account for 100% of the total assets:

1. MOAT (VanEck ETF Trust): This is the largest holding, comprising 2.12 million shares valued at $210.05 million. It represents a significant 64.61% of the total portfolio. The VanEck Vectors Morningstar Wide Moat ETF (MOAT) focuses on companies identified as possessing sustainable competitive advantages. The firm increased this position by 2.0%, adding $15.12 million, indicating a conviction in this specific factor investment strategy.
2. Strategic Trust: The second holding accounts for 35.39% of the portfolio, valued at $115.05 million across 3.36 million shares. While the specific strategy of this trust is not detailed in the data, it serves as the portfolio's significant minority allocation. The firm reduced this stake slightly by 0.6% ($764.43K), suggesting a minor rebalancing or capital reallocation toward the primary holding.