Avalon Investment & Advisory’s iShares MSCI Japan ETF EWJ Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-25,761	Closed	-$1.32M	–	258
2015 Q2	$1.32M	Buy	25,761 +20,096	+355%	+$1.03M	0.06%	122
2015 Q1	$284K	Buy	5,665 +3,151	+125%	+$158K	0.01%	215
2014 Q4	$113K	Buy	+2,514	New	+$113K	0.01%	222