SPDR SERIES TRUST

CUSIP: 78464A730 Class: COMMON STOCK

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

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

Q3 2014
Shares 3,260 Value ($000) $224 Avg Close — Range —
Q4 2013
Shares 3,081 Value ($000) $211 Avg Close — Range —