Shelter Ins Retirement Plan

Key Holdings

The portfolio is dominated by two major iShares ETF positions that form the core of its investment strategy. The largest position is IEFA (iShares Core MSCI EAFE), holding $19.58 million or 56.25% of the portfolio. This provides exposure to large and mid-cap stocks in developed markets outside of the U.S. and Canada. The second largest position is IEMG (iShares Core MSCI Emerging Markets), valued at $9.82 million (28.20%). Combined, these two funds allocate over 84% of the portfolio's capital to international equities (both developed and emerging), indicating a significant tilt away from the domestic U.S. market.