ROYAL BK CDA

Ticker: RY CUSIP: 780087102 Class: COM

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

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

Q1 2017

Shares 3,534 Value ($000) $258 Avg Close $72.46 Range $67.85 - $76.01

Q4 2016

Shares 3,534 Value ($000) $239 Avg Close $64.82 Range $60.92 - $69.70

Q3 2016

Shares 3,534 Value ($000) $219 Avg Close $61.47 Range $58.21 - $64.13

Q2 2016

Shares 3,534 Value ($000) $209 Avg Close $60.09 Range $55.68 - $63.43

Q1 2016

Shares 3,534 Value ($000) $203 Avg Close $51.83 Range $44.37 - $58.81

Q4 2015

Shares 3,534 Value ($000) $189 Avg Close $56.09 Range $52.28 - $58.45

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	3,534	$258	$72.46	$67.85 - $76.01
Q4 2016	3,534	$239	$64.82	$60.92 - $69.70
Q3 2016	3,534	$219	$61.47	$58.21 - $64.13
Q2 2016	3,534	$209	$60.09	$55.68 - $63.43
Q1 2016	3,534	$203	$51.83	$44.37 - $58.81
Q4 2015	3,534	$189	$56.09	$52.28 - $58.45