SPDR SER TR

Ticker: KRE CUSIP: 78464A698 Class: Exchange Traded Fund

ASHFORD CAPITAL MANAGEMENT INC's Holding History (CIK: 0000897070)

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

Q4 2018

Shares 32,510 Value ($000) $1,521 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	32,510	$1,521	—	—