INSPIRION WEALTH ADVISORS, LLC

2. Key Holdings

The portfolio is heavily concentrated in its top ten positions, which account for approximately 57.6% of the total assets. The holdings are dominated by Exchange-Traded Funds (ETFs), suggesting a core-satellite or model-based investment approach.

• Dominant Core Positions: The top three holdings—VYM ($71.95M), VUG ($69.14M), and JAAA ($68.77M)—are nearly equal in weight, each representing roughly 8.4% to 8.8% of the portfolio. This creates a balanced "tripod" structure focusing on high-dividend growth (VYM), large-cap growth (VUG), and active bond strategies (JAAA).
• Factor & Smart Beta Exposure: The firm utilizes a deep bench of Vanguard and iShares factor ETFs. Positions like VOE (Mid-Cap Value), VBR (Small-Cap), and SPYG (Growth) indicate a tactical tilt toward specific equity factors rather than generic market exposure.
• Individual Equity Exposure: Direct stock picking is secondary but selective. AbbVie (ABBV) is the largest single equity holding (5.71%), followed by Abbott Labs (ABT). Technology exposure through individual stocks is present but measured, with Apple (AAPL) at 1.85% and Nvidia (NVDA) at just 0.25% of the portfolio.