SPDR SERIES TRUST

Ticker: RWR CUSIP: 78464A607 Class: DJ REIT ETF

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

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

Q1 2017
Shares 6,629 Value ($000) $612 Avg Close — Range —
Q3 2015
Shares 34,286 Value ($000) $2,954 Avg Close — Range —
Q2 2015
Shares 74,747 Value ($000) $6,307 Avg Close — Range —
Q1 2015
Shares 64,458 Value ($000) $6,096 Avg Close — Range —
Q4 2014
Shares 63,667 Value ($000) $5,787 Avg Close — Range —
Q3 2014
Shares 57,165 Value ($000) $4,562 Avg Close — Range —
Q2 2014
Shares 98,082 Value ($000) $8,141 Avg Close — Range —
Q1 2014
Shares 144,685 Value ($000) $11,290 Avg Close — Range —