MD Financial Management Inc. Buys BTC iShares U.S. Treasury Bond ETF, iShares Core MSCI Emerging Markets ETF, BTC iShares Core MSCI EAFE ETF, Sells S&P 500 ETF TRUST ETF, iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF

• New Purchases: GOVT, IEMG, IEFA, IVV, ACWV, PIO, EMHY, BX, ORLY, IHY, PRU, EPAM, COF, EXR, ADI, MAA, DRE, LEXX, CPT, LBTYK, PHM, AFG, VOYA, LBTYA, ARKG, GOLD, ARKK, OGN,
• Added Positions: EMLC, XLC, LLY, XLK, GDX, BMY, SJNK, OMC, XLE, SIL, AGG, DEO, SLV, XLY, MTD, SCHP, BKLN, RWX, BWX, JNK, VMBS, VNQ, PDS, IGF, CL, IWC, FLOT, BNDX, PFF, EFX, SYK, GLD, WIP, TMO, VSS, INTU, MKL, PAYX, GD, TJX, STZ, ALL, EXPD, SLQD, MA, PSA, CVX, IVZ, CB, JCI, AMGN, ADM, ATO, ADP, BAX, BRK.B, CI, CG, CINF, CFG, KO, CPRT, CMI, DTE, DUK, FITB, GWW, HSY, ITW, INTC, KNX, KHC, LMT, MCO, NOC, ORCL, TROW, RSG, TER, UPS, VZ, V, ZTS, BDX, CTSH, MCD, NEM, PFE, STT, JPM, ATH, BG, ALLE, AFL, ALLY, AEE, AEP, ARW, BF.B, CE, CERN, CHD, C, CAG, ED, DOV, EMR, FICO, FTV, GM, HON, HRL, IEX, K, KEYS, LKQ, LRCX, MMC, MDLZ, MOS, NSC, NUE, OC, PNW, PEG, QCOM, RPM, SNA, SO, STLD, TGT, UGI, VICI, WMT, WM, WHR, XEL, CAT, HD, IFF, NKE, SBUX, UL, BSV, VEA, VWO, WBA, WFC, CDK, BIPC, GSK, VRSK, LIN, MDT, STE,
• Reduced Positions: SPY, USIG, XLF, CWB, XLI, XLB, VRP, XLV, GOOGL, VWOB, GNR, EMB, MSFT, AAPL, GUNR, GOOG, LIT, FIW, REGN, JNJ, MS, CGW, PHO, PEP, AMZN, NLY, EBAY, CDNS, F, UNH, MNST, A, ROK, HOLX, LEN, AMAT, BIO, AME, KLAC, BR, ICE, LH, PG, LOW, MRK, PGR, ARE, NDAQ, ZBRA, PH, CHKP, SWKS, COO, TSCO, COST, DE, DG, ETR, TXN, ES, CARR, FAST, IDXX, ACN, CVS, GNRC, GIS, TRMB, GS, HUM, ACGL, OVV, IBM, WEC, SRE, VTRS, SYF, MMM, TRV, DHI, INFO, WCN, GRMN, AGNC, LNT, UHAL, APH, CSX, CMCSA, CTVA, RHI, EVRG, EXC, FB, FOX, AJG, KDP, MET, ODFL, DGX,
• Sold Out: EFA, EEM, VBR, EWC, ETSY, CLX, MXIM, BLK, PFG, MU, FCX, HIG, FFIV, JBHT, URI, NEE, DTM, SATS, FDX, FEZ, PM, VFC,

For the details of MD Financial Management Inc.'s stock buys and sells, go to https://www.gurufocus.com/guru/md+financial+management+inc./current-portfolio/portfolio

1. Vanguard Real Estate Index Fund ETF (VNQ) - 1,575,712 shares, 3.99% of the total portfolio. Shares added by 2.51%
2. iShares Global Infrastructure ETF (IGF) - 3,445,692 shares, 3.93% of the total portfolio. Shares added by 2.16%
3. BTC iShares U.S. Treasury Bond ETF (GOVT) - 5,944,181 shares, 3.92% of the total portfolio. New Position
4. iShares Core MSCI Emerging Markets ETF (IEMG) - 2,353,897 shares, 3.62% of the total portfolio. New Position
5. Vanguard Small Cap ETF (VB) - 663,479 shares, 3.61% of the total portfolio. Shares added by 0.35%

MD Financial Management Inc. initiated holding in BTC iShares U.S. Treasury Bond ETF. The purchase prices were between $26.44 and $26.9, with an estimated average price of $26.72. The stock is now traded at around $26.340600. The impact to a portfolio due to this purchase was 3.92%. The holding were 5,944,181 shares as of 2021-09-30.

MD Financial Management Inc. initiated holding in iShares Core MSCI Emerging Markets ETF. The purchase prices were between $60.55 and $66.68, with an estimated average price of $63.66. The stock is now traded at around $63.660000. The impact to a portfolio due to this purchase was 3.62%. The holding were 2,353,897 shares as of 2021-09-30.

MD Financial Management Inc. initiated holding in BTC iShares Core MSCI EAFE ETF. The purchase prices were between $72.98 and $78.2, with an estimated average price of $76.07. The stock is now traded at around $77.050000. The impact to a portfolio due to this purchase was 2.5%. The holding were 1,355,327 shares as of 2021-09-30.

MD Financial Management Inc. initiated holding in iShares Core S&P 500 ETF. The purchase prices were between $425.18 and $453.54, with an estimated average price of $441.59. The stock is now traded at around $471.540000. The impact to a portfolio due to this purchase was 2.26%. The holding were 211,121 shares as of 2021-09-30.

MD Financial Management Inc. initiated holding in iShares MSCI Global Min Vol Factor ETF. The purchase prices were between $102.73 and $108.01, with an estimated average price of $105.28. The stock is now traded at around $107.480000. The impact to a portfolio due to this purchase was 1.21%. The holding were 472,074 shares as of 2021-09-30.

MD Financial Management Inc. initiated holding in Invesco Global Water ETF. The purchase prices were between $39.7 and $43.64, with an estimated average price of $41.74. The stock is now traded at around $42.820000. The impact to a portfolio due to this purchase was 0.39%. The holding were 395,919 shares as of 2021-09-30.

MD Financial Management Inc. added to a holding in VanEck J.P. Morgan EM Local Currency Bond ETF by 71.56%. The purchase prices were between $29.66 and $30.83, with an estimated average price of $30.41. The stock is now traded at around $29.140000. The impact to a portfolio due to this purchase was 0.9%. The holding were 2,890,241 shares as of 2021-09-30.

MD Financial Management Inc. added to a holding in Communication Services Select Sector SPDR Fund by 52.95%. The purchase prices were between $79.49 and $85.9, with an estimated average price of $82.66. The stock is now traded at around $80.980000. The impact to a portfolio due to this purchase was 0.59%. The holding were 851,868 shares as of 2021-09-30.

MD Financial Management Inc. added to a holding in Eli Lilly and Co by 106709.86%. The purchase prices were between $221.6 and $272.71, with an estimated average price of $246.81. The stock is now traded at around $258.485000. The impact to a portfolio due to this purchase was 0.44%. The holding were 75,835 shares as of 2021-09-30.

MD Financial Management Inc. added to a holding in VanEck Gold Miners ETF by 20.83%. The purchase prices were between $28.91 and $35.09, with an estimated average price of $32.58. The stock is now traded at around $34.505000. The impact to a portfolio due to this purchase was 0.36%. The holding were 2,835,611 shares as of 2021-09-30.

MD Financial Management Inc. added to a holding in Bristol-Myers Squibb Co by 16774.04%. The purchase prices were between $59.17 and $69.31, with an estimated average price of $65.87. The stock is now traded at around $59.450000. The impact to a portfolio due to this purchase was 0.35%. The holding were 240,455 shares as of 2021-09-30.

MD Financial Management Inc. added to a holding in SPDR Bloomberg Short Term High Yield Bond ETF by 34.39%. The purchase prices were between $26.94 and $27.3, with an estimated average price of $27.14. The stock is now traded at around $27.235000. The impact to a portfolio due to this purchase was 0.27%. The holding were 1,549,078 shares as of 2021-09-30.

MD Financial Management Inc. sold out a holding in iShares MSCI EAFE ETF. The sale prices were between $76.9 and $82.13, with an estimated average price of $80.01.

MD Financial Management Inc. sold out a holding in iShares MSCI Emerging Markets ETF. The sale prices were between $49.5 and $54.84, with an estimated average price of $52.06.

MD Financial Management Inc. sold out a holding in Vanguard Small Cap Value ETF. The sale prices were between $162.03 and $175.05, with an estimated average price of $170.58.

MD Financial Management Inc. sold out a holding in iShares MSCI Canada ETF. The sale prices were between $35.5 and $38.1, with an estimated average price of $37.11.

MD Financial Management Inc. sold out a holding in Clorox Co. The sale prices were between $162.19 and $187.74, with an estimated average price of $172.28.

MD Financial Management Inc. sold out a holding in Etsy Inc. The sale prices were between $178.36 and $226.98, with an estimated average price of $202.97.