TFS Capital’s Are Dynamic Credit Allocation Fund ARDC Stock Holding History

TFS Capital’s Portfolio ARDC Stock Details ARDC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-18,858	Closed	-$259K	–	741
2016 Q2	$259K	Buy	+18,858	New	+$259K	0.05%	650
2015 Q4	–	Sell	-17,548	Closed	-$245K	–	745
2015 Q3	$245K	Buy	+17,548	New	+$260K	0.02%	700
2015 Q1	–	Sell	-17,212	Closed	-$272K	–	948
2014 Q4	$272K	Buy	+17,212	New	+$285K	0.03%	745
2014 Q3	–	Sell	-22,739	Closed	-$414K	–	1030
2014 Q2	$414K	Sell	22,739 -20,216	-47%	-$368K	0.03%	713
2014 Q1	$778K	Buy	+42,955	New	+$787K	0.05%	551

Other funds holding ARDC

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Rivernorth Capital Management West Palm Beach, Florida $2.1B AUM 2.15% 1-Year Est. Return

Bessemer Group Woodbridge, New Jersey $72.7B AUM 39.36% 1-Year Est. Return

Laurion Capital Management New York $3.9B AUM 75.03% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Kovitz Investment Group Partners Chicago, Illinois $4.52B AUM 31.84% 1-Year Est. Return

Cohen & Steers New York $63.2B AUM 17.15% 1-Year Est. Return

Mariner Investment Group Harrison, New York $463M AUM 13.33% 1-Year Est. Return

Raymond James & Associates St Petersburg, Florida $164B AUM 33.91% 1-Year Est. Return

Guggenheim Capital Chicago, Illinois $15.9B AUM 53.4% 1-Year Est. Return

TFS Capital's ARDC Position: Q3 2016 in Review

TFS Capital sold out of Are Dynamic Credit Allocation Fund (ARDC) in Q3 2016, closing a stake of 18,858 shares — an estimated $259K sold.

TFS Capital first reported a position in ARDC in Q1 2014 and held it in 5 quarters. The position peaked at $778K in Q1 2014. 42 funds tracked by Wall St. Rank hold ARDC as of Q3 2016.

TFS Capital reported no remaining Are Dynamic Credit Allocation Fund position as of Q3 2016 after selling out during the quarter.
TFS Capital sold 18,858 Are Dynamic Credit Allocation Fund shares in Q3 2016, an estimated $259K.
TFS Capital first reported a position in Are Dynamic Credit Allocation Fund in Q1 2014 and held it in 5 quarters.
TFS Capital's Are Dynamic Credit Allocation Fund position peaked at $778K in Q1 2014.
42 funds tracked by Wall St. Rank held Are Dynamic Credit Allocation Fund as of Q3 2016.

Based on TFS Capital's 13F filing for Q3 2016, filed 10 Nov 2016.