ARROWHEAD PHARMACEUTICALS IN

Ticker: ARWR CUSIP: 04280A100 Class: Common Stock

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q1 2020

Shares 18,790 Value ($000) $541 Avg Close $40.33 Range $19.51 - $64.00

Q4 2019

Shares 29,170 Value ($000) $1,850 Avg Close $49.62 Range $27.11 - $73.72

Q3 2019

Shares 28,560 Value ($000) $805 Avg Close $29.59 Range $25.68 - $36.80

Q2 2019

Shares 28,180 Value ($000) $747 Avg Close $21.95 Range $17.30 - $28.84

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	18,790	$541	$40.33	$19.51 - $64.00
Q4 2019	29,170	$1,850	$49.62	$27.11 - $73.72
Q3 2019	28,560	$805	$29.59	$25.68 - $36.80
Q2 2019	28,180	$747	$21.95	$17.30 - $28.84