Milliman Financial Risk Management’s Vanguard Mortgage-Backed Securities ETF VMBS Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-2,084,497	Closed	-$110M	–	14
2017 Q2	$110M	Sell	2,084,497 -191,000	-8%	-$10.1M	1.08%	14
2017 Q1	$120M	Sell	2,275,497 -692,414	-23%	-$36.2M	1.19%	14
2016 Q4	$155M	Hold	2,967,911	–	–	1.57%	13
2016 Q3	$160M	Hold	2,967,911	–	–	1.6%	14
2016 Q2	$160M	Hold	2,967,911	–	–	1.77%	13
2016 Q1	$159M	Hold	2,967,911	–	–	1.6%	14
2015 Q4	$156M	Buy	+2,967,911	New	+$158M	1.64%	12

Other funds holding VMBS

CSIA

Charles Schwab Investment Advisory San Francisco, California $72.8B AUM 10.03% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return

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

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

AssetMark Inc Concord, California $49B AUM 17.78% 1-Year Est. Return

KeyBank National Association Cleveland, Ohio $27.4B AUM 24.17% 1-Year Est. Return

LNC

Lincoln National Corp Radnor, Pennsylvania $3.45B AUM 12.55% 1-Year Est. Return

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

USAA

United Services Automobile Association San Antonio, Texas $851M AUM 5.13% 1-Year Est. Return

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

Milliman Financial Risk Management sold out of Vanguard Mortgage-Backed Securities ETF (VMBS) in Q3 2017, closing a stake of 2,084,497 shares — an estimated $110M sold.

Milliman Financial Risk Management first reported a position in VMBS in Q4 2015 and held it in 7 quarters. The position peaked at $160M in Q3 2016. 160 funds tracked by Wall St. Rank hold VMBS as of Q3 2017.

Milliman Financial Risk Management reported no remaining Vanguard Mortgage-Backed Securities ETF position as of Q3 2017 after selling out during the quarter.
Milliman Financial Risk Management sold 2,084,497 Vanguard Mortgage-Backed Securities ETF shares in Q3 2017, an estimated $110M.
Milliman Financial Risk Management first reported a position in Vanguard Mortgage-Backed Securities ETF in Q4 2015 and held it in 7 quarters.
Milliman Financial Risk Management's Vanguard Mortgage-Backed Securities ETF position peaked at $160M in Q3 2016.
160 funds tracked by Wall St. Rank held Vanguard Mortgage-Backed Securities ETF as of Q3 2017.

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