Gramercy Funds Management’s iShares MSCI Italy ETF EWI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-4,400	Closed	-$137K	–	71
2013 Q4	$137K	Sell	4,400 -347,650	-99%	-$10.8M	0.04%	69
2013 Q3	$9.94M	Buy	352,050 +250,000	+245%	+$7.06M	2.31%	14
2013 Q2	$2.41M	Buy	+102,050	New	+$2.41M	0.7%	25