Morningstar delivers independent investment research and financial data solutions to professionals and institutions worldwide. The estimated transaction value was $3.78 million, calculated using the average share price for the quarter. At quarter-end, the value of the new position was $3.78 million, reflecting both the purchase and subsequent price changes. Top holdings after the filing: Invesco S&P International Developed ETF : $21.77 million (6.9% of AUM) Distillate U.S. Morningstar is a leading provider of independent investment research and financial data, with a global footprint and a diversified product suite.