Alerus Investment Advisors’s SPDR S&P International Small Cap ETF GWX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-25,438	Closed	-$854K	–	161
2013 Q4	$854K	Buy	25,438 +6,222	+32%	+$209K	0.19%	90
2013 Q3	$628K	Sell	19,216 -57,472	-75%	-$1.88M	0.13%	96
2013 Q2	$2.21M	Buy	+76,688	New	+$2.21M	0.34%	82