Alerus Investment Advisors’s iShares 7-10 Year Treasury Bond ETF IEF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	$7.02M	Sell	63,623 -18,935	-23%	-$2.09M	1.22%	20
2015 Q4	$8.72M	Sell	82,558 -76,915	-48%	-$8.12M	1.45%	16
2015 Q3	$17.2M	Buy	+159,473	New	+$17.2M	3.05%	4