Cliffwater’s iShares MSCI Emerging Markets ETF EEM Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	$1.95M	Hold	40,400	–	–	0.4%	14
2025 Q1	$1.77M	Hold	40,400	–	–	0.46%	13
2024 Q4	$1.69M	Hold	40,400	–	–	0.41%	13
2024 Q3	$1.85M	Hold	40,400	–	–	0.43%	13
2024 Q2	$1.72M	Hold	40,400	–	–	0.37%	21
2024 Q1	$1.66M	Hold	40,400	–	–	0.45%	20
2023 Q4	$1.62M	Hold	40,400	–	–	0.46%	19
2023 Q3	$1.53M	Hold	40,400	–	–	0.5%	20
2023 Q2	$1.6M	Hold	40,400	–	–	0.52%	21
2023 Q1	$1.59M	Hold	40,400	–	–	0.51%	21
2022 Q4	$1.53M	Hold	40,400	–	–	0.43%	24
2022 Q3	$1.41M	Hold	40,400	–	–	0.48%	23
2022 Q2	$1.62M	Hold	40,400	–	–	0.52%	23
2022 Q1	$1.82M	Hold	40,400	–	–	0.48%	23
2021 Q4	$1.97M	Hold	40,400	–	–	0.51%	23
2021 Q3	$2.04M	Buy	40,400 +8,089	+25%	+$407K	0.53%	22
2021 Q2	$1.78M	Buy	32,311 +14,705	+84%	+$811K	0.47%	22
2021 Q1	$939K	Sell	17,606 -3,575	-17%	-$191K	0.22%	22
2020 Q4	$1.09M	Hold	21,181	–	–	0.24%	22
2020 Q3	$934K	Hold	21,181	–	–	0.28%	22
2020 Q2	$847K	Hold	21,181	–	–	0.29%	20
2020 Q1	$723K	Hold	21,181	–	–	0.32%	20
2019 Q4	$950K	Hold	21,181	–	–	0.31%	20
2019 Q3	$866K	Hold	21,181	–	–	0.34%	20
2019 Q2	$909K	Sell	21,181 -2,821	-12%	-$121K	0.32%	19
2019 Q1	$1.03M	Sell	24,002 -11,971	-33%	-$514K	0.3%	17
2018 Q4	$1.41M	Sell	35,973 -16,760	-32%	-$655K	0.47%	18
2018 Q3	$2.26M	Sell	52,733 -28,930	-35%	-$1.24M	0.91%	17
2018 Q2	$3.54M	Hold	81,663	–	–	3.06%	11
2018 Q1	$3.94M	Buy	81,663 +1,203	+1%	+$58.1K	3.44%	11
2017 Q4	$3.79M	Buy	+80,460	New	+$3.79M	3.28%	11