Estate Counselors’s SPDR Bloomberg Short Term International Treasury Bond ETF BWZ Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-106,325	Closed	-$3.81M	–	51
2013 Q4	$3.81M	Sell	106,325 -44,405	-29%	-$1.59M	1.69%	20
2013 Q3	$5.43M	Hold	150,730	–	–	2.51%	16
2013 Q2	$5.26M	Buy	+150,730	New	+$5.26M	2.66%	15