Telos Capital Management’s Invesco Water Resources ETF PHO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-20,910	Closed	-$500K	–	142
2013 Q3	$500K	Sell	20,910 -1,498	-7%	-$35.8K	0.41%	83
2013 Q2	$494K	Buy	+22,408	New	+$494K	0.43%	84