PFM Asset Management’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2021 Q3	$20M	Sell	271,488 -28,413	-9%	-$2.16M	0.37%	10
2021 Q2	$22.1M	Buy	299,901 +4,866	+2%	+$352K	0.48%	12
2021 Q1	$20.4M	Sell	295,035 -9,555	-3%	-$646K	0.49%	11
2020 Q4	$20.7M	Buy	304,590 +3,926	+1%	+$258K	0.52%	10
2020 Q3	$19.2M	Buy	300,664 +13,929	+5%	+$884K	0.68%	10
2020 Q2	$17.4M	Buy	286,735 +22,581	+9%	+$1.34M	0.83%	13
2020 Q1	$14.3M	Sell	264,154 -16,037	-6%	-$1.02M	1.29%	9
2019 Q4	$18.4M	Buy	280,191 +186,479	+199%	+$12M	4.12%	6
2019 Q3	$6.01M	Sell	93,712 -158,654	-63%	-$10.1M	0.92%	9
2019 Q2	$15.6M	Sell	252,366 -16,934	-6%	-$1.02M	3.85%	6
2019 Q1	$15.8M	Sell	269,300 -23,327	-8%	-$1.31M	3.99%	7
2018 Q4	$15.3M	Buy	+292,627	New	+$16.1M	5.15%	5