FREDS INC

CUSIP: 356108100 Class: CL A

ProShare Advisors LLC's Holding History (CIK: 0001357955)

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

Q3 2014

Shares 15,366 Value ($000) $215 Avg Close — Range —

Q2 2014

Shares 19,110 Value ($000) $292 Avg Close — Range —

Q1 2014

Shares 37,872 Value ($000) $682 Avg Close — Range —

Q3 2013

Shares 24,062 Value ($000) $377 Avg Close — Range —

Q2 2013

Shares 25,089 Value ($000) $389 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	15,366	$215	—	—
Q2 2014	19,110	$292	—	—
Q1 2014	37,872	$682	—	—
Q3 2013	24,062	$377	—	—
Q2 2013	25,089	$389	—	—