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Gramercy Investment Advisors LLC
> TKF
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2011 | TURKISH INVESTMENT FUND, INC. | TKF | 0 | -8,400 | 0 | -107,000 | |
| 09/30/2011 | TURKISH INVESTMENT FUND, INC. | TKF | 8,400 | 2,700 | 107,000 | 16,000 | $12.74 |
| 06/30/2011 | TURKISH INVESTMENT FUND, INC. | TKF | 5,700 | 5,700 | 91,000 | 91,000 | $15.96 |
| 06/30/2009 | TURKISH INVESTMENT FUND, INC. | TKF | 0 | -151,765 | 0 | -782,000 | |
| 03/31/2009 | TURKISH INVESTMENT FUND, INC. | TKF | 151,765 | 151,765 | 782,000 | 782,000 | $5.15 |
| 12/31/2008 | TURKISH INVESTMENT FUND, INC. | TKF | 205,415 | -31,283 | 1,212,000 | -1,179,000 | $5.90 |
| 09/30/2008 | TURKISH INVESTMENT FUND, INC. | TKF | 236,698 | 236,698 | 2,391,000 | 2,391,000 | $10.10 |
| 03/31/2008 | TURKISH INVESTMENT FUND, INC. | TKF | 0 | -94,935 | 0 | -1,832,000 | |
| 12/31/2007 | TURKISH INVESTMENT FUND, INC. | TKF | 94,935 | 94,935 | 1,832,000 | 1,832,000 | $19.30 |
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