Baird’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-49,445	Closed	-$1.64M	–	1146
2013 Q3	$1.64M	Sell	49,445 -3,600	-7%	-$120K	0.03%	477
2013 Q2	$1.73M	Buy	+53,045	New	+$1.73M	0.03%	444