| Alerus Financial , N.A. PIMCO Stocksplus Long Duration Instl | Other securities | — | — | $1.4M | 8.1% |
| Alerus Financial , N.A. PIONEER International Equity K | Other securities | — | — | $1.4M | 7.9% |
| Alerus Financial , N.A. AB Large Cap Growth Fund Z | Other securities | — | — | $1.2M | 7.0% |
| Alerus Financial , N.A. PIMCO Income Fund Instl | Other securities | — | — | $1.1M | 6.6% |
| Alerus Financial , N.A. Fidelity Select Semiconductors Portfolio FD 0008 | Other securities | — | — | $900K | 5.2% |
| Alerus Financial , N.A. Invesco Oppenheimer Corporate Bond R6 | Other securities | — | — | $854K | 4.9% |
| Alerus Financial , N.A. PGIM High Yield R6 | Other securities | — | — | $816K | 4.7% |
| Alerus Financial , N.A. American Funds Small Cap World R6 (2635) | Other securities | — | — | $806K | 4.7% |
| Alerus Financial , N.A. MFS Mid Cap Growth FD Cl R6 | Other securities | — | — | $787K | 4.5% |
| Alerus Financial , N.A. T Rowe Price Emerg Mkts Corp BND I | Common Stock | — | — | $751K | 4.3% |
| Alerus Financial , N.A. Fedelity Advisor Value Strategies K | Other securities | — | — | $705K | 4.1% |
| Alerus Financial , N.A. PIMCO Rae Amental Plus Small Instl. | Other securities | — | — | $681K | 3.9% |
| Alerus Financial , N.A. American Funds New World R6 | Other securities | — | — | $617K | 3.6% |
| Alerus Financial , N.A. Value Small Cap Opportunities | Other securities | — | — | $542K | 3.1% |
| Alerus Financial , N.A. Fidelity Select Pharmaceuticals Port | Other securities | — | — | $520K | 3.0% |
| Alerus Financial , N.A. PIMCO Real Return Institutional | Other securities | — | — | $498K | 2.9% |
| Alerus Financial , N.A. Franklin Templeton Investments Equity Income | Other securities | — | — | $496K | 2.9% |
| Alerus Financial , N.A. Vanguard Target Retirement 2050 | Other securities | — | — | $350K | 2.0% |
| Alerus Financial , N.A. Lord Abbett | Other securities | — | — | $309K | 1.8% |
| Alerus Financial , N.A. Lazard Global Listed Infrastructure | Other securities | — | — | $292K | 1.7% |
| Alerus Financial , N.A. Fidelity Portfolio Select Utilities Growth Fund #65 Account #1 | Other securities | — | — | $277K | 1.6% |
| Alerus Financial , N.A. Vanguard Target Retirement 2055 | Other securities | — | — | $266K | 1.5% |
| Alerus Financial , N.A. Vanguard Target Retirement 2030 | Other securities | — | — | $256K | 1.5% |
| Alerus Financial , N.A. Vanguard Target Retirement 2065 | Other securities | — | — | $237K | 1.4% |
| Alerus Financial , N.A. Vanguard Target Retirement 2035 | Other securities | — | — | $186K | 1.1% |
| Alerus Financial , N.A. Dodge & Cox Income Fund | Other securities | — | — | $180K | 1.0% |
| Alerus Financial , N.A. Fidelity Select Software and IT Services Portfolio | Other securities | — | — | $165K | 1.0% |
| Party Description of Investment Fair Value Alerus Financial , N.A. Goldman Sachs Inv MMkt | Other securities | — | — | $139K | 0.8% |
| Alerus Financial , N.A. Vanguard Target Retirement 2020 | Other securities | — | — | $117K | 0.7% |
| Alerus Financial , N.A. Vanguard Target Retirement 2025 | Other securities | — | — | $97K | 0.6% |
| Alerus Financial , N.A. Vanguard Target Retirement 2045 | Other securities | — | — | $67K | 0.4% |
| Alerus Financial , N.A. Vanguard Target Retirement 2060 | Other securities | — | — | $55K | 0.3% |
| Alerus Financial , N.A. Vanguard Target Retirement Income | Other securities | — | — | $9K | <0.1% |
