VANECK ETF TRUST

Ticker: MOAT CUSIP: 92189F643 Class: Exchange Traded Fund

Bell Bank's Holding History (CIK: 0001002672)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 2,491 Value ($000) $258 Avg Close — Range —
Q3 2025
Shares 2,491 Value ($000) $247 Avg Close — Range —
Q2 2025
Shares 2,491 Value ($000) $234 Avg Close — Range —
Q1 2025
Shares 3,760 Value ($000) $331 Avg Close — Range —
Q4 2024
Shares 2,491 Value ($000) $231 Avg Close — Range —