Alerus Financial

Alerus Financial as of June 30, 2012

Portfolio Holdings for Alerus Financial

Alerus Financial holds 15 positions in its portfolio as reported in the June 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 500 Index (IVV) 18.2 $25M 180k 136.75
iShares Dow Jones Select Dividend (DVY) 9.1 $12M 218k 56.19
Vanguard Europe Pacific ETF (VEA) 9.1 $12M 388k 31.57
iShares MSCI EAFE Index Fund (EFA) 9.0 $12M 243k 49.96
Vanguard Small-Cap ETF (VB) 8.9 $12M 158k 76.04
iShares Russell 2000 Index (IWM) 8.8 $12M 150k 79.56
iShares IBoxx $ Invest Grade Corp Bd (LQD) 8.0 $11M 91k 117.59
iShares Lehman Aggregate Bond (AGG) 7.2 $9.7M 87k 111.29
iShares MSCI Emerging Markets Indx (EEM) 4.3 $5.8M 149k 39.13
Vanguard Mid-Cap ETF (VO) 4.1 $5.5M 71k 77.19
Vanguard REIT ETF (VNQ) 3.6 $4.9M 75k 65.43
iShares Barclays TIPS Bond Fund (TIP) 3.5 $4.7M 39k 119.73
iShares iBoxx $ High Yid Corp Bond (HYG) 3.3 $4.4M 49k 91.30
SPDR S&P International Small Cap (GWX) 1.5 $2.0M 78k 25.81
iShares FTSE Developed Small Cap ex-Nor (IEUS) 1.5 $2.0M 63k 31.79