SPDR SERIES TRUST

Ticker: BWX CUSIP: 78464A516 Class: BLOOMBERG INTL T

Alaska Permanent Capital Management's Holding History (CIK: 0001426771)

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

Q4 2015
Shares 4,432 Value ($000) $228 Avg Close — Range —
Q3 2015
Shares 408,744 Value ($000) $33,488 Avg Close — Range —
Q2 2015
Shares 4,432 Value ($000) $230 Avg Close — Range —
Q1 2015
Shares 11,365 Value ($000) $603 Avg Close — Range —
Q4 2014
Shares 15,527 Value ($000) $859 Avg Close — Range —
Q3 2014
Shares 34,400 Value ($000) $1,973 Avg Close — Range —
Q2 2014
Shares 103,467 Value ($000) $6,292 Avg Close — Range —
Q1 2014
Shares 128,155 Value ($000) $7,609 Avg Close — Range —
Q4 2013
Shares 126,069 Value ($000) $7,279 Avg Close — Range —
Q3 2013
Shares 115,848 Value ($000) $6,762 Avg Close — Range —
Q2 2013
Shares 109,860 Value ($000) $6,183 Avg Close — Range —