SELECT SECTOR SPDR TR

Ticker: XLC CUSIP: 81369Y852 Class: COMMUNICATION

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

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

Q3 2020

Shares 72,696 Value ($000) $4,318 Avg Close — Range —

Q2 2020

Shares 63,775 Value ($000) $3,446 Avg Close — Range —

Q1 2020

Shares 63,431 Value ($000) $2,806 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2020	72,696	$4,318	—	—
Q2 2020	63,775	$3,446	—	—
Q1 2020	63,431	$2,806	—	—