Elm Partners Management LLC Buys Vanguard Total Stock Market, Schwab U.S. REIT, Vanguard Tax-Exempt Bond, Sells SPDR Bloomberg Barclays 1-3 Month T-Bill, Vanguard Short-Term Government Bond ETF, ishares Gold Trust

• New Purchases: SCHH, VGIT, SCHB, VXUS,
• Added Positions: VTI, VTEB, HYLB, VWO, VB, VNQI, VTV, BND, VGK, MUB, TIP, VNQ,
• Reduced Positions: BIL, VGSH, IAU, IEMG, IEUR, VPL, VOO, IVV, VSS, EWC, ITOT, SCZ, EFV, IJR, AGG, SCHC, IWD, HYG,

For the details of Elm Partners Management LLC's stock buys and sells, go to https://www.gurufocus.com/guru/elm+partners+management+llc/current-portfolio/portfolio

1. Vanguard Total Stock Market (VTI) - 509,957 shares, 15.11% of the total portfolio. Shares added by 115.15%
2. iShares Core MSCI Emerging Markets (IEMG) - 1,104,114 shares, 9.95% of the total portfolio. Shares reduced by 3.37%
3. iShares Core S&P Total U.S. Stock Market (ITOT) - 689,122 shares, 9.06% of the total portfolio. Shares reduced by 1.02%
4. Vanguard FTSEEuropean (VGK) - 784,014 shares, 7.47% of the total portfolio. Shares added by 4.09%
5. Vanguard FTSE Emerging Markets (VWO) - 991,400 shares, 7.43% of the total portfolio. Shares added by 8.96%

Elm Partners Management LLC initiated holding in Schwab U.S. REIT. The purchase prices were between $29.54 and $40.7, with an estimated average price of $34.7. The stock is now traded at around $34.93. The impact to a portfolio due to this purchase was 1.7%. The holding were 255,000 shares as of .

Elm Partners Management LLC initiated holding in Vanguard Intermediate-Term Government Bond ETF. The purchase prices were between $69.86 and $70.63, with an estimated average price of $70.4. The stock is now traded at around $70.62. The impact to a portfolio due to this purchase was 0.29%. The holding were 22,000 shares as of .

Elm Partners Management LLC initiated holding in Schwab U.S. Broad Market. The purchase prices were between $57.67 and $76.99, with an estimated average price of $68.99. The stock is now traded at around $77.39. The impact to a portfolio due to this purchase was 0.12%. The holding were 8,948 shares as of .

Elm Partners Management LLC initiated holding in Vanguard Total International Stock. The purchase prices were between $40.36 and $51.42, with an estimated average price of $46.1. The stock is now traded at around $52.18. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 450 shares as of .

Elm Partners Management LLC added to a holding in Vanguard Total Stock Market by 115.15%. The purchase prices were between $122.96 and $164.1, with an estimated average price of $147.09. The stock is now traded at around $164.91. The impact to a portfolio due to this purchase was 8.09%. The holding were 509,957 shares as of .

Elm Partners Management LLC added to a holding in Vanguard Tax-Exempt Bond by 88.53%. The purchase prices were between $51.64 and $54.14, with an estimated average price of $53.28. The stock is now traded at around $54.63. The impact to a portfolio due to this purchase was 1.33%. The holding were 276,413 shares as of .

Elm Partners Management LLC added to a holding in Xtrackers USD High Yield Corporate Bond by 74.46%. The purchase prices were between $42.03 and $48.36, with an estimated average price of $46.01. The stock is now traded at around $48.31. The impact to a portfolio due to this purchase was 0.7%. The holding were 184,914 shares as of .

Elm Partners Management LLC added to a holding in Vanguard Global ex-U.S. Real Estate ETF by 57.53%. The purchase prices were between $40.33 and $50.46, with an estimated average price of $45.17. The stock is now traded at around $47.78. The impact to a portfolio due to this purchase was 0.49%. The holding were 153,337 shares as of .

Elm Partners Management LLC added to a holding in Vanguard Small-Cap by 41.03%. The purchase prices were between $106.26 and $156.76, with an estimated average price of $133.91. The stock is now traded at around $151.26. The impact to a portfolio due to this purchase was 0.49%. The holding were 60,913 shares as of .

Elm Partners Management LLC added to a holding in Vanguard Value by 47.40%. The purchase prices were between $85.23 and $110.16, with an estimated average price of $97.96. The stock is now traded at around $104.11. The impact to a portfolio due to this purchase was 0.34%. The holding were 55,639 shares as of .