SELECT SECTOR SPDR TR

Ticker: XLU CUSIP: 81369Y886 Class: SBI INT-UTILS

Arbor Investment Advisors, LLC's Holding History (CIK: 0001590073)

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

Q2 2016
Shares 3,835 Value ($000) $201 Avg Close — Range —
Q4 2015
Shares 5,702 Value ($000) $247 Avg Close — Range —
Q3 2015
Shares 5,684 Value ($000) $246 Avg Close — Range —
Q2 2015
Shares 5,997 Value ($000) $249 Avg Close — Range —
Q1 2015
Shares 12,642 Value ($000) $562 Avg Close — Range —
Q4 2014
Shares 13,929 Value ($000) $658 Avg Close — Range —
Q3 2014
Shares 15,157 Value ($000) $638 Avg Close — Range —
Q2 2014
Shares 21,898 Value ($000) $969 Avg Close — Range —
Q1 2014
Shares 25,140 Value ($000) $1,042 Avg Close — Range —
Q4 2013
Shares 26,958 Value ($000) $1,024 Avg Close — Range —
Q3 2013
Shares 28,570 Value ($000) $1,068 Avg Close — Range —
Q2 2013
Shares 31,665 Value ($000) $1,192 Avg Close — Range —
Q1 2013
Shares 35,234 Value ($000) $1,378 Avg Close — Range —
Q4 2012
Shares 36,813 Value ($000) $1,286 Avg Close — Range —
Q3 2012
Shares 38,029 Value ($000) $1,384 Avg Close — Range —
Q2 2012
Shares 35,959 Value ($000) $1,330 Avg Close — Range —
Q1 2012
Shares 33,643 Value ($000) $1,179 Avg Close — Range —
Q4 2011
Shares 32,856 Value ($000) $1,182 Avg Close — Range —
Q3 2011
Shares 28,208 Value ($000) $948 Avg Close — Range —
Q2 2011
Shares 27,233 Value ($000) $912 Avg Close — Range —
Q1 2011
Shares 30,536 Value ($000) $769 Avg Close — Range —
Q4 2010
Shares 30,730 Value ($000) $762 Avg Close — Range —