BEL FUSE INC

Ticker: BELFB CUSIP: 077347300 Class: Common Stock

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

Note: Option positions (PUT/CALL) are excluded.

Q1 2020

Shares 3,100 Value ($000) $30 Avg Close $13.55 Range $6.41 - $20.03

Q4 2019

Shares 3,100 Value ($000) $64 Avg Close $15.26 Range $11.61 - $19.70

Q3 2019

Shares 2,950 Value ($000) $44 Avg Close $12.79 Range $8.34 - $16.54

Q2 2019

Shares 6,600 Value ($000) $114 Avg Close $19.42 Range $14.58 - $24.50

Q1 2019

Shares 2,950 Value ($000) $75 Avg Close $21.18 Range $15.84 - $25.47

Q4 2018

Shares 2,780 Value ($000) $51 Avg Close $20.62 Range $15.15 - $24.24

Q2 2018

Shares 31,110 Value ($000) $650 Avg Close $18.34 Range $16.51 - $20.43

Q1 2018

Shares 30,280 Value ($000) $572 Avg Close $18.52 Range $15.47 - $23.32

Q4 2017

Shares 30,280 Value ($000) $762 Avg Close $25.83 Range $21.47 - $30.17

Q3 2017

Shares 30,880 Value ($000) $964 Avg Close $23.74 Range $21.90 - $28.80

Q2 2017

Shares 29,240 Value ($000) $722 Avg Close $21.58 Range $19.61 - $23.83

Q1 2017

Shares 1,930 Value ($000) $49 Avg Close $25.58 Range $19.37 - $29.47

Q4 2016

Shares 1,930 Value ($000) $60 Avg Close $24.85 Range $20.54 - $30.00

Q3 2016

Shares 45,770 Value ($000) $1,105 Avg Close $18.97 Range $15.06 - $21.75

Q2 2016

Shares 45,740 Value ($000) $813 Avg Close $15.01 Range $11.75 - $17.17

Q1 2016

Shares 39,310 Value ($000) $574 Avg Close $13.06 Range $11.77 - $16.83

Q4 2015

Shares 31,460 Value ($000) $544 Avg Close $16.80 Range $14.20 - $20.85

Q3 2015

Shares 31,720 Value ($000) $617 Avg Close $17.54 Range $14.42 - $20.82

Q2 2015

Shares 2,040 Value ($000) $42 Avg Close $18.01 Range $15.09 - $20.28

Q1 2015

Shares 2,000 Value ($000) $38 Avg Close $19.17 Range $16.34 - $23.87

Q4 2014

Shares 2,600 Value ($000) $71 Avg Close $22.65 Range $19.23 - $25.37

Q3 2014

Shares 26,340 Value ($000) $651 Avg Close $20.82 Range $19.16 - $23.06

Q2 2014

Shares 26,140 Value ($000) $671 Avg Close $20.44 Range $16.87 - $23.70

Q1 2014

Shares 26,140 Value ($000) $572 Avg Close $17.18 Range $15.30 - $18.99

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	3,100	$30	$13.55	$6.41 - $20.03
Q4 2019	3,100	$64	$15.26	$11.61 - $19.70
Q3 2019	2,950	$44	$12.79	$8.34 - $16.54
Q2 2019	6,600	$114	$19.42	$14.58 - $24.50
Q1 2019	2,950	$75	$21.18	$15.84 - $25.47
Q4 2018	2,780	$51	$20.62	$15.15 - $24.24
Q2 2018	31,110	$650	$18.34	$16.51 - $20.43
Q1 2018	30,280	$572	$18.52	$15.47 - $23.32
Q4 2017	30,280	$762	$25.83	$21.47 - $30.17
Q3 2017	30,880	$964	$23.74	$21.90 - $28.80
Q2 2017	29,240	$722	$21.58	$19.61 - $23.83
Q1 2017	1,930	$49	$25.58	$19.37 - $29.47
Q4 2016	1,930	$60	$24.85	$20.54 - $30.00
Q3 2016	45,770	$1,105	$18.97	$15.06 - $21.75
Q2 2016	45,740	$813	$15.01	$11.75 - $17.17
Q1 2016	39,310	$574	$13.06	$11.77 - $16.83
Q4 2015	31,460	$544	$16.80	$14.20 - $20.85
Q3 2015	31,720	$617	$17.54	$14.42 - $20.82
Q2 2015	2,040	$42	$18.01	$15.09 - $20.28
Q1 2015	2,000	$38	$19.17	$16.34 - $23.87
Q4 2014	2,600	$71	$22.65	$19.23 - $25.37
Q3 2014	26,340	$651	$20.82	$19.16 - $23.06
Q2 2014	26,140	$671	$20.44	$16.87 - $23.70
Q1 2014	26,140	$572	$17.18	$15.30 - $18.99