Independent Portfolio Consultants’s Materials Select Sector SPDR Fund XLB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-15,193	Closed	-$754K	–	957
2014 Q2	$754K	Sell	15,193 -2,905	-16%	-$144K	0.21%	129
2014 Q1	$855K	Buy	+18,098	New	+$855K	0.27%	108