ALLIANCE DATA SYSTEMS CORP

Ticker: BFH CUSIP: 018581108 Class: Common Stock

Virtus Investment Advisers, LLC's Holding History (CIK: 0000019481)

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

Q4 2017

Shares 1,172 Value ($000) $297 Avg Close $161.71 Range $149.81 - $177.64

Q3 2017

Shares 1,513 Value ($000) $335 Avg Close $161.55 Range $145.38 - $184.39

Q2 2017

Shares 1,763 Value ($000) $453 Avg Close $172.65 Range $161.57 - $184.41

Q1 2017

Shares 2,107 Value ($000) $525 Avg Close $164.03 Range $148.35 - $173.98

Q4 2016

Shares 1,875 Value ($000) $428 Avg Close $150.52 Range $136.26 - $167.02

Q3 2016

Shares 2,056 Value ($000) $441 Avg Close $147.03 Range $132.06 - $165.23

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	1,172	$297	$161.71	$149.81 - $177.64
Q3 2017	1,513	$335	$161.55	$145.38 - $184.39
Q2 2017	1,763	$453	$172.65	$161.57 - $184.41
Q1 2017	2,107	$525	$164.03	$148.35 - $173.98
Q4 2016	1,875	$428	$150.52	$136.26 - $167.02
Q3 2016	2,056	$441	$147.03	$132.06 - $165.23