Brown Advisory’s POWERSHARES S&P SMALLCAP FINANCIALS PORTFOLIO XLFS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-231	Closed	-$9K	–	1052
2014 Q1	$9K	Hold	231	–	–	﹤0.01%	971
2013 Q4	$9K	Buy	+231	New	+$9K	﹤0.01%	929