Swiss Reinsurance’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-150,000	Closed	-$5.41M	–	10
2014 Q1	$5.41M	Sell	150,000 -290,000	-66%	-$10.5M	2.58%	8
2013 Q4	$15.6M	Hold	440,000	–	–	0.7%	12
2013 Q3	$14.6M	Buy	+440,000	New	+$14.6M	0.63%	12