SPDR SERIES TRUST

CUSIP: 78464A425 Class: EXCHANGE TRADED

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

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

Q1 2015
Shares 11,739 Value ($000) $285 Avg Close — Range —
Q4 2014
Shares 133,081 Value ($000) $3,233 Avg Close — Range —
Q3 2014
Shares 138,022 Value ($000) $3,368 Avg Close — Range —
Q2 2014
Shares 122,629 Value ($000) $2,984 Avg Close — Range —
Q1 2014
Shares 119,139 Value ($000) $2,890 Avg Close — Range —
Q4 2013
Shares 106,361 Value ($000) $2,584 Avg Close — Range —
Q3 2013
Shares 70,852 Value ($000) $1,716 Avg Close — Range —
Q2 2013
Shares 51,899 Value ($000) $1,240 Avg Close — Range —