Alerus Financial

Alerus Financial as of Dec. 31, 2012

Portfolio Holdings for Alerus Financial

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

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 500 Index (IVV) 17.6 $26M 179k 143.14
Vanguard Europe Pacific ETF (VEA) 9.7 $14M 400k 35.23
iShares Russell 2000 Index (IWM) 9.0 $13M 155k 84.32
iShares Dow Jones Select Dividend (DVY) 8.9 $13M 227k 57.24
iShares MSCI EAFE Index Fund (EFA) 8.9 $13M 228k 56.86
Vanguard Small-Cap ETF (VB) 8.6 $13M 155k 80.90
iShares IBoxx $ Invest Grade Corp Bd (LQD) 8.0 $12M 97k 120.99
iShares Lehman Aggregate Bond (AGG) 7.1 $10M 94k 111.08
Vanguard Mid-Cap ETF (VO) 4.6 $6.7M 81k 82.45
iShares MSCI Emerging Markets Indx (EEM) 4.3 $6.3M 142k 44.35
Vanguard REIT ETF (VNQ) 3.6 $5.3M 80k 65.80
iShares Barclays TIPS Bond Fund (TIP) 3.6 $5.2M 43k 121.41
iShares iBoxx $ High Yid Corp Bond (HYG) 3.2 $4.7M 51k 93.35
iShares FTSE Developed Small Cap ex-Nor (IEUS) 1.5 $2.2M 61k 36.26
SPDR S&P International Small Cap (GWX) 1.5 $2.2M 77k 28.45