FMI

Factory Mutual Insurance Portfolio holdings

AUM $8.62B

AUM

$8.62B

AUM Growth

-$628M (-7%)

Cap. Flow

+$104M

Cap. Flow % of AUM

1.2%

Top 10 Holdings %Top 10 Hldgs %

38.11%

Holding

179

New

7

Increased

22

Reduced

30

Closed

12

Top Buys

1	JPMorgan Core Plus Bond ETF JCPB	$101M
2	Vanguard FTSE Europe ETF VGK	$99.2M
3	iShares Broad USD High Yield Corporate Bond ETF USHY	$49.9M
4	Dimensional Core Fixed Income ETF DFCF	$49.7M
5	Unilever UL	$34.5M

Top Sells

1	iShares Russell 2000 ETF IWM	$78.7M
2	iShares Core US Aggregate Bond ETF AGG	$50.1M
3	iShares MSCI Emerging Markets ETF EEM	$27.2M
4	Materials Select Sector SPDR Fund XLB	$25M
5	Industrial Select Sector SPDR Fund XLI	$24.2M

Sector Composition

1	Technology	21.52%
2	Financials	9.98%
3	Healthcare	8.46%
4	Communication Services	7.78%
5	Consumer Discretionary	6.81%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
176	176 BlackRock US Carbon Transition Readiness ETF LCTU $1.21B	$0	0%	0 -637,908	Closed	–
177	177 Invesco QQQ Trust QQQ $325B	$0	0%	0 -80,154	Closed	–
178	178 United Parcel Service UPS $81.2B	$0	0%	0 -123,700	Closed	–
179	179 Technology Select Sector SPDR Fund XLK $70.9B	$0	0%	0 -799,885	Closed	–