FIRSTHAND TECH VALUE FD INC

Ticker: SVVC CUSIP: 33766Y100 Class: CEM

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

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

Q3 2014

Shares 15,500 Value ($000) $372 Avg Close $22.26 Range $20.26 - $24.46

Q2 2014

Shares 15,500 Value ($000) $329 Avg Close $20.79 Range $19.41 - $21.90

Q1 2014

Shares 15,500 Value ($000) $331 Avg Close $23.42 Range $20.74 - $24.45

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	15,500	$372	$22.26	$20.26 - $24.46
Q2 2014	15,500	$329	$20.79	$19.41 - $21.90
Q1 2014	15,500	$331	$23.42	$20.74 - $24.45