Permanens Capital’s iShares Global Energy ETF IXC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-92,400	Closed	-$4.05M	–	18
2014 Q3	$4.05M	Sell	92,400 -15,300	-14%	-$671K	5.75%	7
2014 Q2	$5.23M	Hold	107,700	–	–	5.91%	7
2014 Q1	$4.71M	Sell	107,700 -15,300	-12%	-$670K	5.26%	5
2013 Q4	$5.32M	Buy	+123,000	New	+$5.32M	4.92%	6