Narwhal Capital Management’s iShares Frontier and Select EM ETF FM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-13,100	Closed	-$336K	–	147
2016 Q3	$336K	Hold	13,100	–	–	0.11%	116
2016 Q2	$321K	Hold	13,100	–	–	0.1%	117
2016 Q1	$322K	Hold	13,100	–	–	0.11%	116
2015 Q4	$326K	Hold	13,100	–	–	0.11%	119
2015 Q3	$329K	Hold	13,100	–	–	0.12%	118
2015 Q2	$383K	Hold	13,100	–	–	0.14%	120
2015 Q1	$390K	Hold	13,100	–	–	0.14%	116
2014 Q4	$403K	Hold	13,100	–	–	0.16%	114
2014 Q3	$496K	Hold	13,100	–	–	0.2%	118
2014 Q2	$473K	Hold	13,100	–	–	0.18%	119
2014 Q1	$475K	Hold	13,100	–	–	0.2%	113
2013 Q4	$442K	Hold	13,100	–	–	0.18%	118
2013 Q3	$413K	Hold	13,100	–	–	0.2%	115
2013 Q2	$385K	Buy	+13,100	New	+$401K	0.19%	112