Common Fund for Nonprofit Organizations portfolio

What changed this quarter

19 positions with a change (3 new, 5 added to, 11 trimmed). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Flexshares Tr−15%fewer sharesReduced
  21.4% → 15.4%
• iShares Msci Acwi ETF+17%more sharesIncreased
  11.8% → 15.0%
• Vanguard Real Estate ETF−84%fewer sharesReduced
  2.3% → 0.4%
• Vanguard Mrngstr Val ETF-aui ETF+1.0 ppof portfolioNew
  — → 1.0%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• State Str Spdr S&P 500 ETF TSPY38.2%
• Flexshares TrGUNR15.4%
• iShares Msci Acwi ETFACWI15.0%
• Vanguard S&P 500 ETFVOO12.1%
• iShares Core U.s. Aggregate ETFAGG4.6%
• Invesco Exchange Traded Fund TRSP2.8%
• iShares Msci Emerging Market ETFEEM2.3%
• iShares Core S&P 500 ETFIVV1.9%
• iShares Core S&P Midcap ETFIJH1.1%
• iShares Core S&P Small-cap E ETFIJR1.1%
• Vanguard Mrngstr Val ETF-aui ETFVTV1.0%
• Global X S&P 500 CA Val ETFCATH1.0%
• iShares 7-10 Year Treasury B ETFIEF0.8%
• Vanguard S/t Corp Bond ETFVCSH0.4%
• iShares Msci Eafe ETFEFA0.4%
• iShares Msci Acwi EX US ETFACWX0.4%
• Vanguard Real Estate ETFVNQ0.4%
• Vanguard Mortgage-backed Sec ETFVMBS0.3%
• Vanguard International Equity Index FVEU0.2%
• Vanguard Ftse Developed ETFVEA0.2%
• Invesco QQQ Trust Series 1 ETFQQQ0.2%
• Vaneck ETF TrustISRA0.1%
• Via TransportationVIA0.1%
• iShares ESG Optimized Msci U ETFSUSA0.1%
• iShares ESG Aware US Aggrega ETFEAGGunder 0.1%
• MedlineMDLNunder 0.1%
• Vanguard International Equity Index FVWOunder 0.1%
• iShares Intermediate Governm ETFGVIunder 0.1%
• iShares Trust iShares ESG AW ETFESGDunder 0.1%