Confluence Investment Management’s iShares GNMA Bond ETF GNMA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-60,465	Closed	-$3.03M	–	234
2015 Q4	$3.03M	Buy	60,465 +2,898	+5%	+$146K	0.1%	143
2015 Q3	$2.9M	Buy	57,567 +2,874	+5%	+$144K	0.11%	148
2015 Q2	$2.73M	Buy	54,693 +2,653	+5%	+$133K	0.1%	151
2015 Q1	$2.63M	Buy	52,040 +2,402	+5%	+$121K	0.1%	155
2014 Q4	$2.51M	Buy	49,638 +2,303	+5%	+$116K	0.1%	142
2014 Q3	$2.37M	Buy	47,335 +3,061	+7%	+$153K	0.11%	151
2014 Q2	$2.21M	Buy	44,274 +901	+2%	+$44.5K	0.1%	153
2014 Q1	$2.12M	Buy	43,373 +4,601	+12%	+$225K	0.11%	157
2013 Q4	$1.88M	Buy	38,772 +2,394	+7%	+$117K	0.1%	152
2013 Q3	$1.77M	Buy	36,378 +2,379	+7%	+$114K	0.11%	154
2013 Q2	$1.64M	Buy	+33,999	New	+$1.68M	0.11%	153