SPDR SERIES TRUST

CUSIP: 78464A458 Class: TFI

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

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

Q4 2015
Shares 172,628 Value ($000) $4,209 Avg Close — Range —
Q3 2015
Shares 151,690 Value ($000) $3,657 Avg Close — Range —
Q2 2015
Shares 152,442 Value ($000) $3,616 Avg Close — Range —
Q1 2015
Shares 133,177 Value ($000) $3,226 Avg Close — Range —
Q4 2014
Shares 181,383 Value ($000) $4,382 Avg Close — Range —
Q3 2014
Shares 183,623 Value ($000) $4,407 Avg Close — Range —
Q2 2014
Shares 166,515 Value ($000) $3,943 Avg Close — Range —
Q1 2014
Shares 159,678 Value ($000) $3,713 Avg Close — Range —
Q4 2013
Shares 140,390 Value ($000) $3,166 Avg Close — Range —
Q3 2013
Shares 78,229 Value ($000) $1,787 Avg Close — Range —
Q2 2013
Shares 56,222 Value ($000) $1,285 Avg Close — Range —