Nippon Life Insurance’s Vanguard FTSE Emerging Markets ETF VWO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-565,300	Closed	-$20.2M	–	336
2016 Q4	$20.2M	Hold	565,300	–	–	0.4%	29
2016 Q3	$21.3M	Sell	565,300 -709,700	-56%	-$26.4M	0.47%	27
2016 Q2	$44.9M	Hold	1,275,000	–	–	1.13%	15
2016 Q1	$44.1M	Hold	1,275,000	–	–	1.08%	15
2015 Q4	$41.7M	Hold	1,275,000	–	–	1.06%	14
2015 Q3	$42.2M	Hold	1,275,000	–	–	1.11%	13
2015 Q2	$52.1M	Hold	1,275,000	–	–	1.26%	14
2015 Q1	$52.1M	Hold	1,275,000	–	–	1.29%	13
2014 Q4	$51M	Hold	1,275,000	–	–	1.25%	13
2014 Q3	$53.2M	Hold	1,275,000	–	–	1.35%	13
2014 Q2	$55M	Hold	1,275,000	–	–	1.42%	12
2014 Q1	$51.7M	Hold	1,275,000	–	–	1.44%	12
2013 Q4	$52.5M	Hold	1,275,000	–	–	1.48%	11
2013 Q3	$51.1M	Hold	1,275,000	–	–	1.58%	11
2013 Q2	$49.4M	Buy	+1,275,000	New	+$53.5M	1.61%	10