Cliffwater’s iShares MSCI ACWI ex US ETF ACWX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q2	$63.9M	Sell	1,048,621 -50,056	-5%	-$3.05M	13.14%	4
2025 Q1	$60.9M	Hold	1,098,677	–	–	15.93%	3
2024 Q4	$57.3M	Sell	1,098,677 -306,768	-22%	-$16M	14.02%	3
2024 Q3	$80.4M	Hold	1,405,445	–	–	18.6%	2
2024 Q2	$74.7M	Buy	+1,405,445	New	+$74.7M	15.98%	2