Relative Value Partners’s iShares JPMorgan USD Emerging Markets Bond ETF EMB Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-1,928	Closed	-$211K	–	125
2014 Q4	$211K	Buy	+1,928	New	+$211K	0.02%	113
2014 Q3	–	Sell	-3,004	Closed	-$346K	–	111
2014 Q2	$346K	Buy	+3,004	New	+$346K	0.04%	70