SPDR SER TR

Ticker: SDY CUSIP: 78464A763 Class: S&P DIVID ETF

ALERUS FINANCIAL NA's Holding History (CIK: 0000919458)

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

Q1 2017

Shares 3,414 Value ($000) $301 Avg Close — Range —

Q4 2016

Shares 3,414 Value ($000) $292 Avg Close — Range —

Q3 2016

Shares 2,789 Value ($000) $235 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	3,414	$301	—	—
Q4 2016	3,414	$292	—	—
Q3 2016	2,789	$235	—	—