Spruce Investment Advisors’s SPDR S&P China ETF GXC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-24,443	Closed	-$1.91M	–	18
2013 Q4	$1.91M	Sell	24,443 -1,341	-5%	-$105K	0.87%	9
2013 Q3	$1.91M	Buy	+25,784	New	+$1.91M	1.37%	9