ADAM NAT RES FD INC

CUSIP: 00548F105 Class: Equities

Formidable Asset Management, LLC's Holding History (CIK: 0001592613)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016
Shares 668 Value ($000) $12 Avg Close — Range —
Q4 2015
Shares 668 Value ($000) $11 Avg Close — Range —
Q3 2015
Shares 635 Value ($000) $11 Avg Close — Range —
Q2 2015
Shares 635 Value ($000) $14 Avg Close — Range —
Q1 2015
Shares 635 Value ($000) $16 Avg Close — Range —