BARON PARTNERS I

Ticker: BPTIX CUSIP: 06828M405 Class: Mutual Fund

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

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

Q1 2015

Shares 87,457 Value ($000) $3,346 Avg Close — Range —

Q4 2014

Shares 34,002 Value ($000) $1,267,600 Avg Close — Range —

Q3 2014

Shares 32,592 Value ($000) $1,153,099 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	87,457	$3,346	—	—
Q4 2014	34,002	$1,267,600	—	—
Q3 2014	32,592	$1,153,099	—	—