Milliman Financial Risk Management’s Vanguard FTSE All-World ex-US ETF VEU Stock Holding History

Milliman Financial Risk Management’s Portfolio VEU Stock Details VEU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-5,487,126	Closed	-$275M	–	13
2017 Q2	$275M	Sell	5,487,126 -227,875	-4%	-$11.3M	2.71%	9
2017 Q1	$273M	Sell	5,715,001 -326,426	-5%	-$15.2M	2.73%	9
2016 Q4	$267M	Buy	6,041,427 +346,604	+6%	+$15.4M	2.7%	9
2016 Q3	$259M	Buy	5,694,823 +602,586	+12%	+$26.9M	2.59%	10
2016 Q2	$218M	Sell	5,092,237 -641,378	-11%	-$27.8M	2.42%	10
2016 Q1	$247M	Buy	5,733,615 +3,328,962	+138%	+$136M	2.5%	11
2015 Q4	$104M	Buy	+2,404,653	New	+$108M	1.09%	14

Other funds holding VEU

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Jones Financial Companies Des Peres, Missouri $208B AUM 16.12% 1-Year Est. Return

Valmark Advisers Akron, Ohio $8.42B AUM 14.36% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

QS Investors New York $8.47B AUM 30.71% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

FMI

Factory Mutual Insurance Waltham, Massachusetts $10.6B AUM 34.1% 1-Year Est. Return

MIH

Madison Investment Holdings Madison, Wisconsin $6.16B AUM 11.67% 1-Year Est. Return

Milliman Financial Risk Management's VEU Position: Q3 2017 in Review

Milliman Financial Risk Management sold out of Vanguard FTSE All-World ex-US ETF (VEU) in Q3 2017, closing a stake of 5,487,126 shares — an estimated $275M sold.

Milliman Financial Risk Management first reported a position in VEU in Q4 2015 and held it in 7 quarters. The position peaked at $275M in Q2 2017. 659 funds tracked by Wall St. Rank hold VEU as of Q3 2017.

Milliman Financial Risk Management reported no remaining Vanguard FTSE All-World ex-US ETF position as of Q3 2017 after selling out during the quarter.
Milliman Financial Risk Management sold 5,487,126 Vanguard FTSE All-World ex-US ETF shares in Q3 2017, an estimated $275M.
Milliman Financial Risk Management first reported a position in Vanguard FTSE All-World ex-US ETF in Q4 2015 and held it in 7 quarters.
Milliman Financial Risk Management's Vanguard FTSE All-World ex-US ETF position peaked at $275M in Q2 2017.
659 funds tracked by Wall St. Rank held Vanguard FTSE All-World ex-US ETF as of Q3 2017.

Based on Milliman Financial Risk Management's 13F filing for Q3 2017, filed 17 Oct 2017.