ISHARES INC

Ticker: EWK CUSIP: 464286301 Class: MSCI BELGIUM ETF

Horizon Investments, LLC's Holding History (CIK: 0001560717)

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

Q2 2015

Shares 20,422 Value ($000) $355 Avg Close — Range —

Q3 2014

Shares 15,877 Value ($000) $259 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	20,422	$355	—	—
Q3 2014	15,877	$259	—	—