Bank of Montreal’s UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com BDCS Stock Holding History

Bank of Montreal’s Portfolio BDCS Stock Details BDCS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-7,468	Closed	-$151K	–	4664
2015 Q4	$151K	Sell	7,468 -1,155	-13%	-$23.7K	﹤0.01%	2580
2015 Q3	$171K	Sell	8,623 -6,819	-44%	-$146K	﹤0.01%	2338
2015 Q2	$345K	Sell	15,442 -10,427	-40%	-$241K	﹤0.01%	2161
2015 Q1	$609K	Sell	25,869 -4,850	-16%	-$112K	﹤0.01%	1838
2014 Q4	$703K	Buy	30,719 +819	+3%	+$19.3K	﹤0.01%	1885
2014 Q3	$727K	Sell	29,900 -2,025	-6%	-$51.7K	﹤0.01%	1915
2014 Q2	$845K	Buy	31,925 +14,025	+78%	+$354K	﹤0.01%	1830
2014 Q1	$468K	Buy	17,900 +7,050	+65%	+$187K	﹤0.01%	2082
2013 Q4	$292K	Buy	10,850 +2,950	+37%	+$77.8K	﹤0.01%	2073
2013 Q3	$206K	Buy	7,900 +4,200	+114%	+$108K	﹤0.01%	2231
2013 Q2	$94K	Buy	+3,700	New	+$95K	﹤0.01%	2458

Other funds holding BDCS

MFP

Mosaic Financial Partners San Francisco, California $152M AUM 1.45% 1-Year Est. Return

LTFS

Ladenburg Thalmann Financial Services Miami, Florida $15.9B AUM 27.61% 1-Year Est. Return

ICOA

Investment Centers of America Bismarck, North Dakota $712K AUM 19.17% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

CFA

Carroll Financial Associates Charlotte, North Carolina $1.88B AUM 20.52% 1-Year Est. Return

AIG

American International Group New York $609M AUM 23.67% 1-Year Est. Return

VFS

VSR Financial Services Overland Park, Kansas $607M AUM 0.85% 1-Year Est. Return

CAN

Cetera Advisor Networks El Segundo, California $20.2B AUM 22.31% 1-Year Est. Return

1IA

1834 Investment Advisors Milwaukee, Wisconsin $883M AUM 23.82% 1-Year Est. Return

Cambridge Investment Research Advisors Fairfield, Iowa $44.6B AUM 28.94% 1-Year Est. Return

Bank of Montreal's BDCS Position: Q1 2016 in Review

Bank of Montreal sold out of UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) in Q1 2016, closing a stake of 7,468 shares — an estimated $151K sold.

Bank of Montreal first reported a position in BDCS in Q2 2013 and held it in 11 quarters. The position peaked at $845K in Q2 2014. 21 funds tracked by Wall St. Rank hold BDCS as of Q1 2016.

Bank of Montreal reported no remaining UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com position as of Q1 2016 after selling out during the quarter.
Bank of Montreal sold 7,468 UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com shares in Q1 2016, an estimated $151K.
Bank of Montreal first reported a position in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com in Q2 2013 and held it in 11 quarters.
Bank of Montreal's UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com position peaked at $845K in Q2 2014.
21 funds tracked by Wall St. Rank held UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com as of Q1 2016.

Based on Bank of Montreal's 13F filing for Q1 2016, filed 29 Apr 2016.