Cleary Gull Holdings’s iShares MSCI ACWI ex US ETF ACWX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	$6.9M	Sell	174,637 -453,614	-72%	-$17.9M	4.67%	5
2015 Q4	$24.9M	Buy	628,251 +225,346	+56%	+$8.93M	14.67%	4
2015 Q3	$15.7M	Sell	402,905 -258,936	-39%	-$10.1M	11.77%	4
2015 Q2	$29.2M	Buy	+661,841	New	+$29.2M	22.15%	3