SELECT SECTOR SPDR TR

Ticker: XLC CUSIP: 81369Y852 Class: COMMUNICATION

Baldwin Investment Management, LLC's Holding History (CIK: 0001346378)

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

Q2 2019

Shares 4,530 Value ($000) $223 Avg Close — Range —

Q1 2019

Shares 5,900 Value ($000) $276 Avg Close — Range —

Q4 2018

Shares 5,930 Value ($000) $245 Avg Close — Range —

Q3 2018

Shares 4,600 Value ($000) $225 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2019	4,530	$223	—	—
Q1 2019	5,900	$276	—	—
Q4 2018	5,930	$245	—	—
Q3 2018	4,600	$225	—	—