ACCREDITED INVESTORS INC. Information

5200 WEST 73RD STREET, EDINA, Minnesota, 55439, (952) 841-2222

Report Date: 03/31/2015

Position Statistics

Total Positions 78
New Positions 4
Increased Positions 32
Decreased Positions 34
Positions with Activity 66
Sold Out Positions 4
Total Mkt Value (in $ millions) 404

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.41%
Capital Goods 1.55%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.07%
Energy 0.29%
Financial 88.47%
Healthcare 0.67%
Services 0.43%
Technology 2.26%
Transportation 2.76%
Utilities 0.08%

78 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ISHARES TR RUSSELL 2000 ETF 86,594 17,725 25.74 684,646
ISHARES TR CORE S&P500 ETF 44,162 -1,080 (2.39) 208,499
WISDOMTREE TR EMERG MKTS ETF 43,731 3,898 9.79 921,426
ISHARES TR RUS MD CP GR ETF 39,888 -1,891 (4.53) 400,082
ISHARES TR RUS 1000 GRW ETF 35,283 -1,084 (2.98) 350,827
ISHARES GOLD TRUST ISHARES 35,156 35,156 New 3,030,730
ISHARES EMU ETF 25,920 1,115 4.49 655,703
ISHARES TR MSCI EMG MKT ETF 21,754 -676 (3.02) 500,550
GENERAL MLS INC COM 7,967 -74 (0.93) 141,689
C H ROBINSON WORLDWIDE INC COM NEW 6,713 -3,893 (36.7) 96,570
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 5,527 7 .13 124,389
VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US 4,315 448 11.58 84,170
UNITED PARCEL SERVICE INC CL B 4,191 1 .02 43,589
APPLE INC COM 3,380 86 2.62 26,793
TENNANT CO COM 2,902 .01 43,306
ECOLAB INC COM 2,277 -20 (0.88) 19,486
3M CO COM 2,096 185 9.69 12,637
ISHARES TR MSCI EAFE ETF 1,863 -292 (13.56) 27,890
ISHARES TR CORE S&P SCP ETF 1,812 -214 (10.57) 15,215
VALSPAR CORP COM 1,672 13 .79 20,296