Global Endowment Management’s iShares US Treasury Bond ETF GOVT Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-20,000	Closed	-$522K	–	266
2016 Q3	$522K	Sell	20,000 -20,000	-50%	-$522K	0.09%	129
2016 Q2	$1.05M	Hold	40,000	–	–	0.22%	65
2016 Q1	$1.03M	Buy	+40,000	New	+$1.03M	0.22%	72