ISHARES INC

Ticker: EWZ CUSIP: 464286400 Class: MSCI BRAZIL ETF

Valmark Advisers, Inc.'s Holding History (CIK: 0001380443)

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

Q4 2013

Shares 420,581 Value ($000) $18,792 Avg Close — Range —

Q3 2013

Shares 363,056 Value ($000) $17,394 Avg Close — Range —

Q2 2013

Shares 313,512 Value ($000) $13,751 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	420,581	$18,792	—	—
Q3 2013	363,056	$17,394	—	—
Q2 2013	313,512	$13,751	—	—