Hefren-Tillotson, Inc. Buys iShares Core MSCI Emerging Markets, iShares MSCI Emerging Index Fund, Vanguard FTSE Emerging Markets, Sells JPMorgan Chase Capital XVI JP Morgan Alerian MLP E, iShares MSCI Eurozone

• Added Positions: IEMG, VNQI, PRFZ, VTV, EZM, VIG, IVV, SCZ, EEM, VWO,
• Reduced Positions: SPY, AMJ, EZU, IVE, DBEF,

For the details of Hefren-Tillotson, Inc.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Hefren-Tillotson%2C+Inc.

1. Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) - 593,398 shares, 37.08% of the total portfolio. Shares added by 1.21%
2. Vanguard Global ex-U.S. Real Estate ETF (VNQI) - 1,309,282 shares, 34.15% of the total portfolio. Shares added by 4.19%
3. Vanguard Value (VTV) - 176,886 shares, 8.25% of the total portfolio. Shares added by 5.22%
4. iShares Core MSCI Emerging Markets (IEMG) - 177,608 shares, 4.19% of the total portfolio. Shares added by 51.67%
5. WisdomTree U.S. MidCap Earnings Fund (EZM) - 210,384 shares, 3.79% of the total portfolio. Shares added by 8.85%

Hefren-Tillotson, Inc. added to a holding in iShares Core MSCI Emerging Markets by 51.67%. The purchase prices were between $51.25 and $58.27, with an estimated average price of $56.08. The stock is now traded at around $52.77. The impact to a portfolio due to this purchase was 1.43%. The holding were 177,608 shares as of 2018-06-30.

Hefren-Tillotson, Inc. added to a holding in iShares MSCI Emerging Index Fund by 30.96%. The purchase prices were between $42.33 and $48.14, with an estimated average price of $46.29. The stock is now traded at around $43.61. The impact to a portfolio due to this purchase was 0.03%. The holding were 6,058 shares as of 2018-06-30.

Hefren-Tillotson, Inc. added to a holding in Vanguard FTSE Emerging Markets by 116.16%. The purchase prices were between $41.13 and $47.04, with an estimated average price of $45.16. The stock is now traded at around $42.56. The impact to a portfolio due to this purchase was 0.02%. The holding were 1,431 shares as of 2018-06-30.

Hefren-Tillotson, Inc. reduced to a holding in JPMorgan Chase Capital XVI JP Morgan Alerian MLP E by 96.32%. The sale prices were between $23.79 and $27.44, with an estimated average price of $26.17. The stock is now traded at around $26.46. The impact to a portfolio due to this sale was -0.03%. Hefren-Tillotson, Inc. still held 100 shares as of 2018-06-30.

Hefren-Tillotson, Inc. reduced to a holding in iShares MSCI Eurozone by 24.57%. The sale prices were between $40.53 and $45.16, with an estimated average price of $43.61. The stock is now traded at around $42.04. The impact to a portfolio due to this sale was -0.01%. Hefren-Tillotson, Inc. still held 927 shares as of 2018-06-30.