Alerus Investment Advisors’s Xtrackers MSCI All World ex US Hedged Equity ETF DBAW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-14,900	Closed	-$345K	–	281
2015 Q4	$345K	Hold	14,900	–	–	0.06%	117
2015 Q3	$337K	Buy	+14,900	New	+$337K	0.06%	106