Swiss Life 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
2018 Q2	–	Sell	-41,000	Closed	-$2.13M	–	561
2018 Q1	$2.13M	Sell	41,000 -21,000	-34%	-$1.11M	0.04%	288
2017 Q4	$3.28M	Hold	62,000	–	–	0.07%	164
2017 Q3	$3.12M	Hold	62,000	–	–	0.08%	162
2017 Q2	$3.03M	Sell	62,000 -14,000	-18%	-$682K	0.08%	153
2017 Q1	$3.63M	Sell	76,000 -117,100	-61%	-$5.48M	0.1%	128
2016 Q4	$8.73M	Sell	193,100 -62,000	-24%	-$2.77M	0.29%	88
2016 Q3	$11.6M	Buy	255,100 +41,500	+19%	+$1.92M	0.39%	66
2016 Q2	$9.84M	Sell	213,600 -14,700	-6%	-$653K	0.4%	69
2016 Q1	$10M	Buy	228,300 +47,500	+26%	+$1.98M	0.42%	66
2015 Q4	$7.57M	Sell	180,800 -1,200	-0.7%	-$50K	0.34%	77
2015 Q3	$7.21M	Sell	182,000 -242,500	-57%	-$9.91M	0.35%	76
2015 Q2	$17.1M	Buy	424,500 +111,400	+36%	+$4.61M	0.6%	22
2015 Q1	$12.9M	Buy	+313,100	New	+$12.9M	0.52%	37