Twele Capital Management’s Vanguard FTSE All-World ex-US ETF VEU Stock Holding History

Twele Capital Management’s Portfolio VEU Stock Details VEU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-179,626	Closed	-$7.94M	–	43
2016 Q4	$7.94M	Hold	179,626	–	–	2.12%	18
2016 Q3	$8.16M	Hold	179,626	–	–	2.2%	18
2016 Q2	$7.7M	Hold	179,626	–	–	2.14%	19
2016 Q1	$7.75M	Sell	179,626 -25,000	-12%	-$1.02M	2.23%	18
2015 Q4	$8.88M	Sell	204,626 -488	-0.2%	-$21.8K	2.69%	16
2015 Q3	$8.74M	Sell	205,114 -24,153	-11%	-$1.11M	2.61%	16
2015 Q2	$11.1M	Buy	229,267 +9,900	+5%	+$502K	3.17%	10
2015 Q1	$10.7M	Buy	219,367 +18,730	+9%	+$900K	3.03%	12
2014 Q4	$9.4M	Buy	200,637 +135,136	+206%	+$6.49M	2.72%	15
2014 Q3	$3.23M	Buy	65,501 +2,858	+5%	+$148K	0.96%	27
2014 Q2	$3.28M	Hold	62,643	–	–	0.98%	27
2014 Q1	$3.15M	Buy	62,643 +22,670	+57%	+$1.12M	0.95%	28
2013 Q4	$2.03M	Sell	39,973 -25,027	-39%	-$1.24M	0.64%	33
2013 Q3	$3.16M	Buy	+65,000	New	+$3.05M	1.03%	26

Other funds holding VEU

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Jones Financial Companies Des Peres, Missouri $208B AUM 16.12% 1-Year Est. Return

Valmark Advisers Akron, Ohio $8.42B AUM 14.36% 1-Year Est. Return

QS Investors New York $8.47B AUM 30.71% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

MFRM

Milliman Financial Risk Management Chicago, Illinois $6.4B AUM 12.26% 1-Year Est. Return

FMI

Factory Mutual Insurance Waltham, Massachusetts $10.6B AUM 34.1% 1-Year Est. Return

Diversified Trust Memphis, Tennessee $6.24B AUM 28.78% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Twele Capital Management's VEU Position: Q1 2017 in Review

Twele Capital Management sold out of Vanguard FTSE All-World ex-US ETF (VEU) in Q1 2017, closing a stake of 179,626 shares — an estimated $7.94M sold.

Twele Capital Management first reported a position in VEU in Q3 2013 and held it in 14 quarters. The position peaked at $11.1M in Q2 2015. 573 funds tracked by Wall St. Rank hold VEU as of Q1 2017.

Twele Capital Management reported no remaining Vanguard FTSE All-World ex-US ETF position as of Q1 2017 after selling out during the quarter.
Twele Capital Management sold 179,626 Vanguard FTSE All-World ex-US ETF shares in Q1 2017, an estimated $7.94M.
Twele Capital Management first reported a position in Vanguard FTSE All-World ex-US ETF in Q3 2013 and held it in 14 quarters.
Twele Capital Management's Vanguard FTSE All-World ex-US ETF position peaked at $11.1M in Q2 2015.
573 funds tracked by Wall St. Rank held Vanguard FTSE All-World ex-US ETF as of Q1 2017.

Based on Twele Capital Management's 13F filing for Q1 2017, filed 10 Apr 2017.