ISHARES INC

Ticker: EWZ CUSIP: 464286400 Class: MSCI BRAZIL ETF

Virtus Investment Advisers, LLC's Holding History (CIK: 0000019481)

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

Q1 2017

Shares 103,605 Value ($000) $3,881 Avg Close — Range —

Q4 2016

Shares 119,441 Value ($000) $3,982 Avg Close — Range —

Q3 2016

Shares 186,126 Value ($000) $6,278 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	103,605	$3,881	—	—
Q4 2016	119,441	$3,982	—	—
Q3 2016	186,126	$6,278	—	—