Alerus Investment Advisors’s iShares Currency Hedged MSCI EAFE ETF HEFA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-13,750	Closed	-$349K	–	283
2015 Q4	$349K	Hold	13,750	–	–	0.06%	116
2015 Q3	$338K	Buy	+13,750	New	+$338K	0.06%	105