PHILLIPS FINANCIAL MANAGEMENT, LLC - Stock Holdings in 13F Filings (SEC)
Updated on March 15, 2026.
Based on 13F Filings filed with the SEC on January 26, 2026, for the 2025 Q4 period, PHILLIPS FINANCIAL MANAGEMENT, LLC held in its portfolio 284 assets valued at $1,551,778,482 (i.e. $1.55B).
The most valuable assets in the portfolio included: ISHARES TR ($173.01M), DIMENSIONAL ETF TRUST ($112.29M), and DIMENSIONAL ETF TRUST ($98.28M).
The chart below shows the top 10 valuable assets, and the table below shows the top 284 valuable assets.
You can see similar for other investment managers.
Related Topics: SEC Topic List.
Data Source: SEC.
PHILLIPS FINANCIAL MANAGEMENT, LLC - Stock Holdings in 13F Filings (SEC)
Items per page:
25
0 of 0
| Name of Issuer | No. of Shares | Value ($) | Class |
|---|---|---|---|
| ISHARES TR | 252588 | 173007499 | CORE S&P500 ETF |
| DIMENSIONAL ETF TRUST | 2638266 | 112284611 | CORE FIXED INCOM |
| DIMENSIONAL ETF TRUST | 2852088 | 98282936 | INTL CORE EQUITY |
| DIMENSIONAL ETF TRUST | 1766837 | 84719823 | SHORT DURATION F |
| DIMENSIONAL ETF TRUST | 1346524 | 51208296 | US HIGH PROFITAB |
| DIMENSIONAL ETF TRUST | 1464846 | 50112370 | US LARGE CAP VAL |
| ISHARES TR | 743837 | 49093237 | CORE S&P MCP ETF |
| DIMENSIONAL ETF TRUST | 807183 | 48059679 | US TARGETED VLU |
| VANGUARD INDEX FDS | 68523 | 42972902 | S&P 500 ETF SHS |
| VANGUARD STAR FDS | 564285 | 42569623 | VG TL INTL STK F |
| ISHARES TR | 475862 | 40276995 | CORE MSCI TOTAL |
| DIMENSIONAL ETF TRUST | 1211770 | 40085366 | EMERGING MKTS CO |
| ISHARES TR | 176795 | 37493019 | S&P 500 VAL ETF |
| DIMENSIONAL ETF TRUST | 465214 | 32411425 | US SMALL CAP ETF |
| VANGUARD CHARLOTTE FDS | 644205 | 31127978 | TOTAL INT BD ETF |
| DIMENSIONAL ETF TRUST | 741779 | 29367040 | US CORE EQUITY 2 |
| VANGUARD INDEX FDS | 101126 | 29348797 | MID CAP ETF |
| ISHARES TR | 240317 | 24002851 | CORE US AGGBD ET |
| DIMENSIONAL ETF TRUST | 454478 | 23019324 | ULTRASHORT FIXED |
| ISHARES TR | 575158 | 21508016 | BROAD USD HIGH |
| ISHARES TR | 309639 | 21498265 | U S EQUITY FACTR |
| VANGUARD ADMIRAL FDS INC | 97618 | 19997034 | 500 VAL IDX FD |
| DIMENSIONAL ETF TRUST | 749757 | 17170338 | US REAL ESTATE E |
| VANGUARD BD INDEX FDS | 208298 | 15428596 | TOTAL BND MRKT |
| VANGUARD INDEX FDS | 67784 | 14355943 | SM CP VAL ETF |
| ISHARES TR | 113865 | 12948752 | SP SMCP600VL ETF |
| ISHARES TR | 222092 | 11106828 | CORE INTL AGGR |
| VANGUARD WORLD FD | 43588 | 10948086 | MEGA CAP INDEX |
| VANGUARD SCOTTSDALE FDS | 120638 | 10103458 | INT-TERM CORP |
| JPMORGAN CHASE & CO. | 30313 | 9767470 | COM |
| VANGUARD INDEX FDS | 108458 | 9597414 | REAL ESTATE ETF |
| SPDR S&P 500 ETF TR | 13953 | 9514888 | TR UNIT |
| DIMENSIONAL ETF TRUST | 188509 | 9406623 | INTERNATNAL VAL |
| ISHARES TR | 164557 | 9373167 | CRE U S REIT ETF |
| VANGUARD BD INDEX FDS | 117982 | 9188434 | INTERMED TERM |
| VANGUARD INDEX FDS | 27388 | 9182248 | TOTAL STK MKT |
| ISHARES TR | 231887 | 8753719 | INTL EQTY FACTOR |
| SPDR SERIES TRUST | 166872 | 8657228 | STATE STREET SPD |
| VANGUARD INTL EQUITY INDEX F | 116054 | 8536913 | ALLWRLD EX US |
| ISHARES TR | 171355 | 8353537 | CORE 1 5 YR USD |
| VANGUARD INDEX FDS | 42642 | 8144287 | VALUE ETF |
| VANGUARD BD INDEX FDS | 102506 | 8078503 | SHORT TRM BOND |
| VANGUARD WORLD FD | 54125 | 7640285 | MEGA CAP VAL ETF |
| SCHWAB STRATEGIC TR | 262108 | 7053326 | US LRG CAP ETF |
| ISHARES TR | 72648 | 6976369 | MSCI EAFE ETF |
| APPLE INC | 22792 | 6196319 | COM |
| ISHARES TR | 56907 | 6095260 | NATIONAL MUN ETF |
| DIMENSIONAL ETF TRUST | 181190 | 5930363 | WORLD EX US CORE |
| DIMENSIONAL ETF TRUST | 179220 | 5894535 | US SMALL CAP VAL |
| VANGUARD INDEX FDS | 16897 | 5319117 | LARGE CAP ETF |
| VANGUARD MALVERN FDS | 101721 | 5031132 | STRM INFPROIDX |
| SCHWAB STRATEGIC TR | 196701 | 4596911 | US AGGREGATE B |
| ISHARES TR | 42722 | 4558390 | SHRT NAT MUN ETF |
| ISHARES TR | 37594 | 4518081 | CORE S&P SCP ETF |
| NVIDIA CORPORATION | 23925 | 4461973 | COM |
| ISHARES TR | 38953 | 4281347 | TIPS BD ETF |
| ISHARES TR | 82364 | 4165986 | ULTRA SHORT DUR |
| ISHARES TR | 42768 | 4117275 | RUS MID CAP ETF |
| MICROSOFT CORP | 8463 | 4092686 | COM |
| ISHARES TR | 10691 | 3992447 | RUS 1000 ETF |
| VANGUARD ADMIRAL FDS INC | 35743 | 3966043 | SMLLCP 600 IDX |
| VANGUARD ADMIRAL FDS INC | 33810 | 3779958 | MIDCP 400 IDX |
| SPDR INDEX SHS FDS | 60518 | 3760565 | GLB NAT RESRCE |
| ELI LILLY & CO | 3183 | 3421183 | COM |
| ISHARES TR | 37598 | 3363536 | CORE MSCI EAFE |
| VANGUARD SCOTTSDALE FDS | 41878 | 3338921 | SHRT TRM CORP BD |
| VANGUARD INDEX FDS | 12043 | 3106492 | SMALL CP ETF |
| SCHWAB STRATEGIC TR | 104437 | 2974366 | US SML CAP ETF |
| ISHARES TR | 39717 | 2974045 | US SML CAP EQT |
| SCHWAB STRATEGIC TR | 111978 | 2966310 | US TIPS ETF |
| ISHARES TR | 117313 | 2842494 | IBONDS DEC2026 |
| VANGUARD SCOTTSDALE FDS | 56748 | 2671696 | MTG-BKD SECS ETF |
| ALPHABET INC | 8331 | 2607603 | CAP STK CL A |
| ATMOS ENERGY CORP | 15166 | 2542277 | COM |
| ISHARES TR | 16851 | 2505575 | CORE S&P TTL STK |
| AMAZON COM INC | 10321 | 2382601 | COM |
| ISHARES TR | 41786 | 2251430 | ISHS 5-10YR INVT |
| VANGUARD MUN BD FDS | 44512 | 2238519 | TAX EXEMPT BD |
| SPDR GOLD TR | 5372 | 2128977 | GOLD SHS |
| ALPHABET INC | 6724 | 2109991 | CAP STK CL C |
| VANGUARD INDEX FDS | 9713 | 2031183 | EXTEND MKT ETF |
| ISHARES TR | 88291 | 2019657 | IBONDS 26 TRM TS |
| ISHARES TR | 9335 | 1963450 | RUS 1000 VAL ETF |
| ISHARES TR | 18760 | 1920868 | 0-5 YR TIPS ETF |
| ISHARES TR | 41269 | 1824110 | CR 5 10 YR ETF |
| TESLA INC | 4024 | 1809561 | COM |
| VANGUARD INDEX FDS | 9942 | 1763413 | MCAP VL IDXVIP |
| VANGUARD INTL EQUITY INDEX F | 31453 | 1690890 | FTSE EMR MKT ETF |
| ISHARES TR | 11727 | 1543156 | S&P MC 400VL ETF |
| ISHARES TR | 59217 | 1518146 | IBONDS DEC 26 |
| ISHARES TR | 65436 | 1510263 | IBONDS 2026 TERM |
| DIMENSIONAL ETF TRUST | 39636 | 1506184 | INTL SMALL CAP V |
| ISHARES TR | 56799 | 1442127 | IBONDS DEC 27 |
| VANGUARD INDEX FDS | 2865 | 1397719 | GROWTH ETF |
| ISHARES TR | 57378 | 1393138 | IBONDS 27 ETF |
| BERKSHIRE HATHAWAY INC DEL | 2767 | 1390833 | CL B NEW |
| ISHARES GOLD TR | 16947 | 1375588 | ISHARES NEW |
| SPDR INDEX SHS FDS | 30419 | 1350908 | PORTFOLIO DEVLPD |
| SCHWAB STRATEGIC TR | 43531 | 1308977 | US MID-CAP ETF |
| ISHARES TR | 49154 | 1257114 | IBONDS DEC 28 |
| ALPHATEC HLDGS INC | 59583 | 1253626 | COM NEW |
| ISHARES INC | 21345 | 1234814 | EMNG MKTS EQT |
| ISHARES TR | 11866 | 1216740 | CORE S&P US VLU |
| ISHARES TR | 25545 | 1188872 | CORE UNIVRSL USD |
| VANGUARD ADMIRAL FDS INC | 11728 | 1146530 | SMLCP 600 VAL |
| DIMENSIONAL ETF TRUST | 23752 | 1106593 | US MKTWIDE VALUE |
| SCHWAB STRATEGIC TR | 39649 | 1078849 | FUNDAMENTAL US L |
| META PLATFORMS INC | 1627 | 1073975 | CL A |
| DIMENSIONAL ETF TRUST | 20568 | 990771 | NATL MUN BD ETF |
| DIMENSIONAL ETF TRUST | 13210 | 979814 | US EQUITY MARKET |
| LINCOLN NATL CORP IND | 21899 | 975169 | COM |
| VANGUARD TAX-MANAGED FDS | 15589 | 973866 | VAN FTSE DEV MKT |
| WALMART INC | 8428 | 938927 | COM |
| ISHARES SILVER TR | 14405 | 927970 | ISHARES |
| LISTED FDS TR | 20816 | 925479 | HORIZON KINETICS |
| BROADCOM INC | 2624 | 908166 | COM |
| VANGUARD WORLD FD | 7199 | 906498 | ENERGY ETF |
| VISA INC | 2577 | 903786 | COM CL A |
| ISHARES TR | 17885 | 897827 | NORTH AMERN NAT |
| VANGUARD WORLD FD | 4128 | 856766 | MATERIALS ETF |
| ISHARES TR | 31792 | 808471 | IBONDS DEC 2029 |
| ISHARES TR | 3953 | 716323 | RUS 2000 VAL ETF |
| VANGUARD INTL EQUITY INDEX F | 15335 | 702956 | GLB EX US ETF |
| ISHARES INC | 10453 | 702647 | CORE MSCI EMKT |
| MASTERCARD INCORPORATED | 1218 | 695334 | CL A |
| WILLIAMS COS INC | 11340 | 681647 | COM |
| ABBVIE INC | 2974 | 679610 | COM |
| FRANKLIN ELEC INC | 6828 | 652279 | COM |
| ISHARES TR | 12133 | 641578 | ISHS 1-5YR INVS |
| SELECT SECTOR SPDR TR | 4426 | 637211 | STATE STREET TEC |
| OLD NATL BANCORP IND | 28393 | 633448 | COM |
| ISHARES TR | 4442 | 626544 | RUS MDCP VAL ETF |
| ISHARES BITCOIN TRUST ETF | 12426 | 616951 | SHS BEN INT |
| JOHNSON & JOHNSON | 2860 | 591904 | COM |
| ENPRO INC | 2701 | 578320 | COM |
| NETFLIX INC | 5777 | 541652 | COM |
| INVESCO QQQ TR | 877 | 539127 | UNIT SER 1 |
| ISHARES TR | 7951 | 533751 | MSCI ACWI EX US |
| ISHARES TR | 1121 | 530569 | RUS 1000 GRW ETF |
| HOME DEPOT INC | 1501 | 516600 | COM |
| ISHARES TR | 2026 | 498720 | RUSSELL 2000 ETF |
| ISHARES TR | 3873 | 477391 | S&P 500 GRWT ETF |
| ABBOTT LABS | 3695 | 462954 | COM |
| KROGER CO | 7294 | 455734 | COM |
| DEERE & CO | 962 | 447878 | COM |
| EXXON MOBIL CORP | 3595 | 432648 | COM |
| CATERPILLAR INC | 731 | 418768 | COM |
| ISHARES TR | 18589 | 417695 | IBONDS 27 TRM TS |
| ISHARES TR | 4966 | 411284 | 1 3 YR TREAS BD |
| ABRDN SILVER ETF TRUST | 6000 | 405840 | PHYSCL SILVR SHS |
| BROWN & BROWN INC | 5060 | 403280 | COM |
| DIMENSIONAL ETF TRUST | 5238 | 385697 | US CORE EQUITY 1 |
| FAIR ISAAC CORP | 227 | 383771 | COM |
| COSTCO WHSL CORP NEW | 425 | 366556 | COM |
| ORACLE CORP | 1836 | 358209 | COM |
| COCA COLA CO | 5006 | 349969 | COM |
| AUTOMATIC DATA PROCESSING IN | 1289 | 331551 | COM |
| PEPSICO INC | 2286 | 328087 | COM |
| ISHARES TR | 2936 | 323479 | IBOXX INV CP ETF |
| ENTERPRISE PRODS PARTNERS L | 10028 | 321498 | COM |
| GE AEROSPACE | 1038 | 319820 | COM NEW |
| DIMENSIONAL ETF TRUST | 4235 | 313305 | WORLD EQUITY ETF |
| BANK AMERICA CORP | 5623 | 309265 | COM |
| STEEL DYNAMICS INC | 1810 | 306645 | COM |
| PROGRESSIVE CORP | 1331 | 302715 | COM |
| VANGUARD INTL EQUITY INDEX F | 3325 | 300580 | FTSE PACIFIC ETF |
| TEXAS INSTRS INC | 1716 | 297709 | COM |
| TRAVELERS COMPANIES INC | 1022 | 296441 | COM |
| VANGUARD ADMIRAL FDS INC | 2860 | 288889 | MIDCP 400 VAL |
| CAPITAL ONE FINL CORP | 1187 | 287681 | COM |
| LOWES COS INC | 1169 | 281922 | COM |
| INNOVATOR ETFS TRUST | 6123 | 274420 | US EQTY BUFR MAY |
| AMERICAN INTL GROUP INC | 3094 | 264692 | COM NEW |
| FEDEX CORP | 908 | 262285 | COM |
| CISCO SYS INC | 3305 | 254509 | COM |
| PROCTER AND GAMBLE CO | 1752 | 251093 | COM |
| RTX CORPORATION | 1344 | 246490 | COM |
| INTERCONTINENTAL EXCHANGE IN | 1519 | 246017 | COM |
| AMGEN INC | 745 | 243859 | COM |
| CITIGROUP INC | 2042 | 238297 | COM NEW |
| SELECT SECTOR SPDR TR | 2108 | 237945 | STATE STREET CON |
| INTERNATIONAL BUSINESS MACHS | 802 | 237560 | COM |
| WELLS FARGO CO NEW | 2516 | 234499 | COM |
| APPLOVIN CORP | 345 | 232468 | COM CL A |
| CHEVRON CORP NEW | 1522 | 231986 | COM |
| SEMPRA | 2543 | 224521 | COM |
| WASTE MGMT INC DEL | 1018 | 223665 | COM |
| ISHARES TR | 10000 | 223200 | IBONDS 2027 TERM |
| ISHARES TR | 1554 | 219337 | SELECT DIVID ETF |
| ISHARES TR | 9251 | 216520 | IBONDS DEC 29 |
| AMERICAN EXPRESS CO | 581 | 214936 | COM |
| TAIWAN SEMICONDUCTOR MFG LTD | 703 | 213635 | SPONSORED ADS |
| SALESFORCE INC | 806 | 213517 | COM |
| ADOBE INC | 588 | 205794 | COM |
| DIMENSIONAL ETF TRUST | 6062 | 204546 | EMERGING MKTS VA |
| INTUIT | 306 | 202701 | COM |
| DISNEY WALT CO | 1778 | 202283 | COM |
| ISHARES TR | 7523 | 191498 | IBDS DEC28 ETF |
| ISHARES TR | 8345 | 186636 | IBONDS 28 TRM TS |
| ISHARES TR | 473 | 182980 | RUSSELL 3000 ETF |
| ISHARES TR | 2334 | 180955 | EAFE SML CP ETF |
| SELECT SECTOR SPDR TR | 1147 | 177556 | STATE STREET HEA |
| EVOLV TECHNOLOGIES HLDNGS IN | 24408 | 174761 | COM CL A |
| ISHARES TR | 2359 | 161827 | EUROPE ETF |
| ISHARES INC | 3141 | 158526 | MSCI PAC JP ETF |
| VANGUARD ADMIRAL FDS INC | 340 | 151161 | 500 GRTH IDX F |
| VANGUARD INTL EQUITY INDEX F | 1777 | 148575 | FTSE EUROPE ETF |
| SELECT SECTOR SPDR TR | 2583 | 141471 | STATE STREET FIN |
| INNOVATOR ETFS TRUST | 4921 | 139224 | US SMALL CAP POW |
| ISHARES TR | 430 | 138894 | RUS 2000 GRW ETF |
| SCHWAB STRATEGIC TR | 5704 | 137124 | INTL EQTY ETF |
| SELECT SECTOR SPDR TR | 3024 | 135203 | STATE STREET ENE |
| INNOVATOR ETFS TRUST | 4512 | 134896 | INTL DEVELOPED P |
| INNOVATOR ETFS TRUST | 3046 | 133019 | US EQTY PWR BUF |
| ISHARES TR | 1350 | 132975 | CONV BD ETF |
| SELECT SECTOR SPDR TR | 728 | 112927 | STATE STREET IND |
| ISHARES TR | 4500 | 112275 | GLOBAL REIT ETF |
| DIMENSIONAL ETF TRUST | 2601 | 108085 | INFLATION PROTE |
| VANGUARD INDEX FDS | 349 | 105436 | SML CP GRW ETF |
| VANGUARD SCOTTSDALE FDS | 792 | 96426 | VNG RUS1000GRW |
| ISHARES TR | 661 | 93307 | S&P SML 600 GWT |
| ISHARES TR | 862 | 92519 | INTRM GOV CR ETF |
| ISHARES TR | 4049 | 89361 | IBONDS DEC 2030 |
| DIMENSIONAL ETF TRUST | 2322 | 88508 | INTL CORE EQT MK |
| ISHARES TR | 843 | 80161 | ESG AW MSCI EAFE |
| DIMENSIONAL ETF TRUST | 1661 | 77753 | US CORE EQT MKT |
| SCHWAB STRATEGIC TR | 2162 | 70806 | EMRG MKTEQ ETF |
| INNOVATOR ETFS TRUST | 2237 | 63951 | US SMALL CAP PWR |
| SCHWAB STRATEGIC TR | 2040 | 60404 | US LCAP VA ETF |
| VANGUARD INTL EQUITY INDEX F | 422 | 59527 | TT WRLD ST ETF |
| ISHARES TR | 439 | 55608 | GLOBAL 100 ETF |
| INNOVATOR ETFS TRUST | 1528 | 52777 | INTL DEV PWR BUF |
| SCHWAB STRATEGIC TR | 1159 | 52259 | FUNDAMENTAL INTL |
| INNOVATOR ETFS TRUST | 1747 | 52175 | INNOVATOR INTL D |
| ISHARES TR | 751 | 52134 | CORE DIV GRWTH |
| VANGUARD WORLD FD | 379 | 50593 | FINANCIALS ETF |
| VANGUARD WORLD FD | 66 | 50012 | INF TECH ETF |
| VANGUARD SCOTTSDALE FDS | 814 | 47806 | SHORT TERM TREAS |
| ISHARES TR | 491 | 46242 | MSCI USA MIN VOL |
| VANGUARD WORLD FD | 347 | 41973 | ESG US STK ETF |
| ISHARES TR | 562 | 40113 | EAFE VALUE ETF |
| DIMENSIONAL ETF TRUST | 1216 | 38505 | INTL HIGH PROFIT |
| ISHARES TR | 464 | 37423 | IBOXX HI YD ETF |
| ISHARES INC | 650 | 35055 | MSCI CDA ETF |
| ISHARES INC | 473 | 34385 | MSCI EMRG CHN |
| ISHARES TR | 302 | 34385 | EAFE GRWTH ETF |
| SCHWAB STRATEGIC TR | 1016 | 33142 | US LCAP GR ETF |
| ISHARES TR | 1925 | 31628 | GL CLEAN ENE ETF |
| ISHARES TR | 90 | 30882 | S&P 100 ETF |
| ISHARES INC | 317 | 30819 | MSCI STH KOR ETF |
| SCHWAB STRATEGIC TR | 1218 | 27977 | 5 10YR CORP BD |
| ISHARES TR | 1274 | 26945 | IBONDS DEC 2031 |
| SCHWAB STRATEGIC TR | 745 | 26865 | FUNDAMENTAL EMER |
| ISHARES TR | 243 | 26766 | TRUST ISHARE 0-1 |
| VANGUARD INDEX FDS | 95 | 26518 | MCAP GR IDXVIP |
| SCHWAB STRATEGIC TR | 837 | 26374 | FUNDAMENTAL US S |
| SCHWAB STRATEGIC TR | 871 | 22363 | MORTGAGE BACKED |
| SCHWAB STRATEGIC TR | 812 | 22271 | US DIVIDEND EQ |
| ISHARES TR | 457 | 21721 | U.S. ENERGY ETF |
| ISHARES TR | 121 | 20421 | ISHARES BIOTECH |
| ISHARES INC | 775 | 20297 | MSCI AUST ETF |
| SCHWAB STRATEGIC TR | 809 | 20290 | INT-TRM U.S TRES |
| ISHARES TR | 429 | 19725 | ESG AWARE MSCI |
| SCHWAB STRATEGIC TR | 687 | 17106 | 1 5YR CORP BD |
| SELECT SECTOR SPDR TR | 135 | 15892 | STATE STREET COM |
| SPDR INDEX SHS FDS | 299 | 14003 | PORTFOLIO EMG MK |
| ISHARES TR | 200 | 12430 | U.S. MED DVC ETF |
| SELECT SECTOR SPDR TR | 274 | 11697 | STATE STREET UTI |
| ISHARES TR | 45 | 11264 | MSCI USA MMENTM |
| ISHARES TR | 102 | 9712 | MBS ETF |
| SCHWAB STRATEGIC TR | 194 | 8833 | INTL SCEQT ETF |
| VANGUARD BD INDEX FDS | 115 | 7995 | LONG TERM BOND |
| ISHARES TR | 326 | 7506 | US TREAS BD ETF |
| ISHARES INC | 111 | 6031 | MSCI ITALY ETF |
| SCHWAB STRATEGIC TR | 286 | 5975 | US REIT ETF |
| SPDR SERIES TRUST | 271 | 5791 | BLOOMBERG EMERGI |
| ISHARES TR | 82 | 4486 | MSCI EMG MKT ETF |
| ISHARES INC | 50 | 4037 | MSCI JAPAN ETF |
| ISHARES TR | 20 | 1878 | U.S. REAL ES ETF |
| ISHARES TR | 44 | 1736 | INTL SEL DIV ETF |
| ISHARES TR | 41 | 1269 | PFD AND INCM SEC |
| VANGUARD SCOTTSDALE FDS | 16 | 1242 | TOTAL CORP BND |
| ISHARES TR | 10 | 482 | FUTURE AI & TECH |
| ISHARES TR | 1 | 38 | GLOBAL ENERG ETF |
Popular Topics:
Find us
Copyright © Beautify Data LLC. All Rights Reserved.