SELECT SECTOR SPDR TR

Ticker: XLV CUSIP: 81369Y209 Class: SBI HEALTHCARE

Bell Bank's Holding History (CIK: 0001002672)

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

Q1 2017

Shares 336,924 Value ($000) $25,054 Avg Close — Range —

Q4 2016

Shares 334,871 Value ($000) $23,086 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	336,924	$25,054	—	—
Q4 2016	334,871	$23,086	—	—