ECLECTIC ASSOCIATES INC /ADV

Eclectic Associates' $878.3 million book is roughly 77% ETFs — a Dimensional Fund Advisors and Vanguard factor-model portfolio — and this quarter's clearest move was a small-cap value build-out: Dimensional US Small Cap Value (DFLV) share count rose 54% for a genuine $14.3 million addition, the largest flow in the book, while American Century Small-Mid Cap Value (AVMV) grew 19% ($6.3 million). At the same time, the Technology Select Sector SPDR (XLK) was cut 23% in shares (a $1.8 million real reduction), the book's largest trim. Vanguard Growth (VUG) also grew sharply in percentage terms (+506% from a small base, a $7.0 million addition), and PIMCO Active Bond (BOND, +18%, $5.9 million) rounded out the quarter's additions. Exxon Mobil and a municipal-bond fund were the only full exits.