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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
-5.38%
1 Year Est. Return
-12.26%
3 Year Est. Return
+8.57%
5 Year Est. Return
+20.16%
10 Year Est. Return
–
AUM
$9.03B
AUM Growth
-$1.14B
(-11%)
Cap. Flow
-$431M
Cap. Flow
% of AUM
-4.77%
Top 10 Holdings %
Top 10 Hldgs %
98.11%
Holding
12
New
1
Increased
2
Reduced
8
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$1.86B |
| 2 |
Schwab US Aggregate Bond ETF
SCHZ
|
+$20.8M |
| 3 |
DMRI
DeltaShares S&P International Managed Risk ETF
DMRI
|
+$2.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Stock Market ETF
VTI
|
+$556M |
| 2 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$397M |
| 3 |
Vanguard Total Bond Market
BND
|
+$326M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$294M |
| 5 |
Schwab US Broad Market ETF
SCHB
|
+$265M |
Sector Composition
| Rank | Sector | Weight |
|---|
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares 0-1 Year Treasury Bond ETF
SHV
$20.7B
| $1.86B | 20.59% |
+16,863,844
| New | +$1.86B |
|
|
2
Vanguard Total Bond Market
BND
$157B
| $1.81B | 20.08% |
22,898,347
-4,174,436
| -15% | -$326M |
|
|
3
iShares Core US Aggregate Bond ETF
AGG
$137B
| $1.48B | 16.44% |
13,944,593
-2,801,748
| -17% | -$294M |
|
|
4
Vanguard Total Stock Market ETF
VTI
$654B
| $1.07B | 11.89% |
8,414,807
-4,026,969
| -32% | -$556M |
|
|
5
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $794M | 8.79% |
21,406,735
-10,034,814
| -32% | -$397M |
|
6
iShares Core S&P Total US Stock Market ETF
ITOT
$93.1B
| $550M | 6.09% |
9,694,119
-4,287,575
| -31% | -$263M |
|
|
7
Schwab US Broad Market ETF
SCHB
$42.7B
| $549M | 6.08% |
54,963,534
-24,530,526
| -31% | -$265M |
|
|
DMRL
8
DELISTED
DeltaShares S&P 500 Managed Risk ETF
DMRL
| $363M | 4.02% |
7,086,956
-150,000
| -2% | -$8.08M |
|
|
DMRI
9
DELISTED
DeltaShares S&P International Managed Risk ETF
DMRI
| $199M | 2.2% |
4,408,797
+49,900
| +1% | +$2.35M |
|
10
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $176M | 1.94% |
4,609,887
-2,488,557
| -35% | -$96.4M |
|
|
11
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
| $170M | 1.89% |
6,739,734
+832,530
| +14% | +$20.8M |
|
|
DMRM
12
DELISTED
DeltaShares S&P 400 Managed Risk ETF
DMRM
| – | – |
-1,930,187
| Closed | -$108M |
|
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Milliman Financial Risk Management's Q4 2018 Portfolio in Review
As of Q4 2018, Milliman Financial Risk Management held 12 positions worth $9.03B, down 11% from $10.2B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Milliman Financial Risk Management withdrew a net $431M in Q4 2018, closing 1 position and reducing 8 holdings. Its most notable exit was DeltaShares S&P 400 Managed Risk ETF, an estimated $108M position sold in full.
Against the trend, Milliman Financial Risk Management opened a new position in iShares 0-1 Year Treasury Bond ETF worth $1.86B.
- Milliman Financial Risk Management's largest Q4 2018 buy was iShares 0-1 Year Treasury Bond ETF: 16,863,844 shares worth $1.86B.
- Milliman Financial Risk Management added most to Schwab US Aggregate Bond ETF in Q4 2018, an estimated $20.8M increase.
- Milliman Financial Risk Management's biggest Q4 2018 reduction was Vanguard Total Stock Market ETF, cutting an estimated $556M.
- Milliman Financial Risk Management fully exited DeltaShares S&P 400 Managed Risk ETF in Q4 2018, selling an estimated $108M.
- Milliman Financial Risk Management's ten largest holdings make up 98% of its $9.03B portfolio in Q4 2018.
- Milliman Financial Risk Management opened 1 new position and closed 1 in Q4 2018.
- Milliman Financial Risk Management's portfolio value fell 11% quarter-over-quarter to $9.03B.
Based on Milliman Financial Risk Management's 13F filing for Q4 2018, filed 12 Feb 2019.