ARES MANAGEMENT CORPORATION

Ticker: ARES CUSIP: 03990B101 Class: CL A COM STK

UNITED SERVICES AUTOMOBILE ASSOCIATION's Holding History (CIK: 0001021249)

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

Q2 2019

Shares 9,973 Value ($000) $261 Avg Close $20.37 Range $18.53 - $23.16

Q1 2019

Shares 9,973 Value ($000) $231 Avg Close $17.30 Range $13.35 - $19.34

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2019	9,973	$261	$20.37	$18.53 - $23.16
Q1 2019	9,973	$231	$17.30	$13.35 - $19.34