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MFRM
Milliman Financial Risk Management Portfolio holdings
AUM
$6.4B
1-Year Est. Return
12.26%
This Fund
S&P 500
This Quarter
Est. Return
+1.42%
1 Year Est. Return
-12.26%
3 Year Est. Return
+8.57%
5 Year Est. Return
+20.16%
10 Year Est. Return
–
AUM
$9.01B
AUM Growth
-$896M
(-9%)
Cap. Flow
-$1.03B
Cap. Flow
% of AUM
-11.41%
Top 10 Holdings %
Top 10 Hldgs %
91.62%
Holding
16
New
–
Increased
1
Reduced
12
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Stock Market ETF
VTI
|
+$260M |
| 2 |
Vanguard Total International Stock ETF
VXUS
|
+$248M |
| 3 |
Vanguard S&P 500 ETF
VOO
|
+$172M |
| 4 |
Vanguard Total Bond Market
BND
|
+$143M |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$104M |
Sector Composition
| Rank | Sector | Weight |
|---|
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard Total Bond Market
BND
$157B
| $2.77B | 30.77% |
32,890,516
-1,724,768
| -5% | -$143M |
|
|
2
Vanguard Total Stock Market ETF
VTI
$654B
| $1.46B | 16.23% |
13,652,411
-2,456,188
| -15% | -$260M |
|
|
3
Vanguard S&P 500 ETF
VOO
$967B
| $1B | 11.11% |
5,209,850
-901,231
| -15% | -$172M |
|
|
4
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $749M | 8.31% |
21,169,263
-2,870,372
| -12% | -$104M |
|
|
5
iShares Core US Aggregate Bond ETF
AGG
$137B
| $730M | 8.1% |
6,483,317
+1,370,927
| +27% | +$152M |
|
6
iShares 0-1 Year Treasury Bond ETF
SHV
$20.7B
| $600M | 6.66% |
5,432,000
-682,466
| -11% | -$75.3M |
|
7
iShares Core S&P Total US Stock Market ETF
ITOT
$93.1B
| $263M | 2.92% |
5,517,952
-888,678
| -14% | -$41.9M |
|
8
Schwab US Broad Market ETF
SCHB
$42.7B
| $237M | 2.63% |
28,264,944
-3,153,756
| -10% | -$26.2M |
|
9
Vanguard Mid-Cap ETF
VO
$106B
| $224M | 2.48% |
7,234,704
-1,315,976
| -15% | -$40.2M |
|
10
Vanguard FTSE All-World ex-US ETF
VEU
$65.8B
| $218M | 2.42% |
5,092,237
-641,378
| -11% | -$27.8M |
|
11
Vanguard Short-Term Bond ETF
BSV
$44.6B
| $202M | 2.24% |
2,495,672
| – | – |
|
12
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $167M | 1.86% |
4,752,152
-630,360
| -12% | -$21.5M |
|
13
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $160M | 1.77% |
2,967,911
| – | – |
|
14
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $119M | 1.32% |
1,352,470
-15,614
| -1% | -$1.35M |
|
15
Vanguard Small-Cap ETF
VB
$79.3B
| $106M | 1.18% |
918,061
-171,852
| -16% | -$19.5M |
|
|
16
Vanguard Total International Stock ETF
VXUS
$153B
| – | – |
-5,516,114
| Closed | -$248M |
|
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Milliman Financial Risk Management's Q2 2016 Portfolio in Review
As of Q2 2016, Milliman Financial Risk Management held 16 positions worth $9.01B, down 9% from $9.91B the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Milliman Financial Risk Management withdrew a net $1.03B in Q2 2016, closing 1 position and reducing 12 holdings. Its most notable exit was Vanguard Total International Stock ETF, an estimated $248M position sold in full.
Against the trend, Milliman Financial Risk Management added an estimated $152M to iShares Core US Aggregate Bond ETF.
- Milliman Financial Risk Management added most to iShares Core US Aggregate Bond ETF in Q2 2016, an estimated $152M increase.
- Milliman Financial Risk Management's biggest Q2 2016 reduction was Vanguard Total Stock Market ETF, cutting an estimated $260M.
- Milliman Financial Risk Management fully exited Vanguard Total International Stock ETF in Q2 2016, selling an estimated $248M.
- Milliman Financial Risk Management's ten largest holdings make up 92% of its $9.01B portfolio in Q2 2016.
- Milliman Financial Risk Management opened 0 new positions and closed 1 in Q2 2016.
- Milliman Financial Risk Management's portfolio value fell 9% quarter-over-quarter to $9.01B.
Based on Milliman Financial Risk Management's 13F filing for Q2 2016, filed 29 Jul 2016.