ING Group’s State Street SPDR Bloomberg Convertible Securities ETF CWB Stock Holding History

ING Group’s Portfolio CWB Stock Details CWB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-2,000,000	Closed	-$89.5M	–	649
2015 Q3	$89.5M	Sell	2,000,000 -1,000,000	-33%	-$46.4M	0.62%	35
2015 Q2	$143M	Sell	3,000,000 -1,000,000	-25%	-$48.5M	0.77%	24
2015 Q1	$191M	Buy	4,000,000 +500,000	+14%	+$23.6M	0.96%	18
2014 Q4	$164M	Buy	3,500,000 +400,000	+13%	+$19.6M	0.77%	24
2014 Q3	$154M	Hold	3,100,000	–	–	0.89%	23
2014 Q2	$157M	Buy	3,100,000 +2,200,000	+244%	+$108M	0.79%	25
2014 Q1	$43.6M	Buy	900,000 +400,000	+80%	+$19.2M	0.23%	105
2013 Q4	$23.4M	Hold	500,000	–	–	0.12%	183
2013 Q3	$22.7M	Buy	+500,000	New	+$22.2M	0.11%	185

Other funds holding CWB

NSLI

Nan Shan Life Insurance Taipei City, Taiwan $3.19B AUM 24.42% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

QS Investors New York $8.47B AUM 30.71% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

Bessemer Group Woodbridge, New Jersey $72.7B AUM 39.36% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $495B AUM 43.24% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

ING Group's CWB Position: Q4 2015 in Review

ING Group sold out of State Street SPDR Bloomberg Convertible Securities ETF (CWB) in Q4 2015, closing a stake of 2,000,000 shares — an estimated $89.5M sold.

ING Group first reported a position in CWB in Q3 2013 and held it in 9 quarters. The position peaked at $191M in Q1 2015. 185 funds tracked by Wall St. Rank hold CWB as of Q4 2015.

ING Group reported no remaining State Street SPDR Bloomberg Convertible Securities ETF position as of Q4 2015 after selling out during the quarter.
ING Group sold 2,000,000 State Street SPDR Bloomberg Convertible Securities ETF shares in Q4 2015, an estimated $89.5M.
ING Group first reported a position in State Street SPDR Bloomberg Convertible Securities ETF in Q3 2013 and held it in 9 quarters.
ING Group's State Street SPDR Bloomberg Convertible Securities ETF position peaked at $191M in Q1 2015.
185 funds tracked by Wall St. Rank held State Street SPDR Bloomberg Convertible Securities ETF as of Q4 2015.

Based on ING Group's 13F filing for Q4 2015, filed 12 Feb 2016.