Betterment LLC Portfolio holdings

AUM $42.2B

AUM

$42.2B

AUM Growth

+$206M (+0.5%)

Cap. Flow

+$479M

Cap. Flow % of AUM

1.14%

Top 10 Holdings %Top 10 Pos %

68.81%

Holding

472

New

Increased

265

Reduced

163

Closed

Top Buys

1	1 SPDR Portfolio S&P 500 ETF SPLG	$788M
2	2 iShares Core US Aggregate Bond ETF AGG	$196M
3	3 Schwab US Large- Cap ETF SCHX	$159M
4	4 JPMorgan Ultra-Short Income ETF JPST	$150M
5	5 SPDR Nuveen Bloomberg Municipal Bond ETF TFI	$94.4M

Top Sells

1	1 Vanguard Total Stock Market ETF VTI	$240M
2	2 Vanguard FTSE Emerging Markets ETF VWO	$181M
3	3 Vanguard FTSE Developed Markets ETF VEA	$178M
4	4 Vanguard Total International Bond ETF BNDX	$126M
5	5 iShares JPMorgan USD Emerging Markets Bond ETF EMB	$95.8M

Sector Composition

1	Technology	0.03%
2	Consumer Discretionary	0.01%
3	Financials	0.01%
4	Communication Services	0.01%
5	Consumer Staples	0%

#	Name	Market Value	Shares or Principal	Shares Change %	Capital Flow	Portfolio Weight
1	1 Vanguard Total Stock Market ETF VTI $477B	$7.17B	26,094,613 -874,483	-3%	-$240M	17.01%
2	2 Vanguard FTSE Developed Markets ETF VEA $156B	$6.81B	133,982,969 -3,502,207	-3%	-$178M	16.16%
3	3 SPDR Portfolio S&P 500 ETF SPLG $67.5B	$4.27B	64,900,904 +11,988,520	+23%	+$788M	10.12%
4	4 Vanguard FTSE Emerging Markets ETF VWO $86.9B	$2.53B	55,807,069 -3,992,322	-7%	-$181M	5.99%
5	5 iShares Core US Aggregate Bond ETF AGG $123B	$2.16B	21,876,462 +1,983,074	+10%	+$196M	5.13%
6	6 iShares National Muni Bond ETF MUB $38.9B	$1.94B	18,408,702 +150,443	+0.8%	+$15.9M	4.6%
7	7 iShares Core S&P Total US Stock Market ETF ITOT $68B	$1.41B	11,538,827 -262,047	-2%	-$32M	3.34%
8	8 SPDR Portfolio S&P 400 Mid Cap ETF SPMD $12.8B	$915M	17,884,123 -48,865	-0.3%	-$2.5M	2.17%
9	9 Vanguard Value ETF VTV $135B	$903M	5,225,476 -223,195	-4%	-$38.6M	2.14%
10	10 Vanguard Total International Bond ETF BNDX $65B	$896M	18,361,230 -2,580,844	-12%	-$126M	2.13%
11	11 iShares Core MSCI EAFE ETF IEFA $138B	$807M	10,672,579 -693,970	-6%	-$52.5M	1.92%
12	12 iShares JPMorgan USD Emerging Markets Bond ETF EMB $13.1B	$723M	7,977,068 -1,056,968	-12%	-$95.8M	1.71%
13	13 Vanguard Mid-Cap Value ETF VOE $17.8B	$689M	4,291,924 -217,175	-5%	-$34.9M	1.63%
14	14 SPDR Portfolio S&P 600 Small Cap ETF SPSM $11.1B	$658M	16,131,496 -32,224	-0.2%	-$1.31M	1.56%
15	15 Vanguard Small-Cap Value ETF VBR $29.4B	$625M	3,353,053 -193,719	-5%	-$36.1M	1.48%
16	16 Goldman Sachs ActiveBeta US Large Cap Equity ETF GSLC $13.4B	$584M	5,305,878 -40,304	-0.8%	-$4.44M	1.39%
17	17 Goldman Sachs Access Treasury 0-1 Year ETF GBIL $6.16B	$565M	5,641,890 +13,922	+0.3%	+$1.39M	1.34%
18	18 Schwab International Equity ETF SCHF $46.9B	$467M	23,595,575 -954,544	-4%	-$18.9M	1.11%
19	19 JPMorgan Ultra-Short Income ETF JPST $30.9B	$465M	9,185,647 +2,969,594	+48%	+$150M	1.1%
20	20 iShares ESG Aware MSCI USA ETF ESGU $13.4B	$416M	3,414,311 +137,039	+4%	+$16.7M	0.99%
21	21 SPDR Nuveen Bloomberg Municipal Bond ETF TFI $3.15B	$414M	9,181,983 +2,094,084	+30%	+$94.4M	0.98%
22	22 iShares Core MSCI Emerging Markets ETF IEMG $88.6B	$403M	7,467,240 -539,617	-7%	-$29.1M	0.96%
23	23 iShares 0-5 Year TIPS Bond ETF STIP $11.9B	$395M	3,822,211 -228,251	-6%	-$23.6M	0.94%
24	24 Schwab US Broad Market ETF SCHB $33B	$371M	17,254,102 -519,518	-3%	-$11.2M	0.88%
25	25 Schwab US Large- Cap ETF SCHX $54.2B	$292M	13,225,086 +7,201,786	+120%	+$159M	0.69%