ISHARES INC

Ticker: BKF CUSIP: 464286657 Class: MSCI BIC ETF

Arbor Investment Advisors, LLC's Holding History (CIK: 0001590073)

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

Q4 2015
Shares 19,555 Value ($000) $572 Avg Close — Range —
Q3 2015
Shares 23,471 Value ($000) $699 Avg Close — Range —
Q2 2015
Shares 29,953 Value ($000) $1,121 Avg Close — Range —
Q1 2015
Shares 27,815 Value ($000) $1,015 Avg Close — Range —
Q4 2014
Shares 25,761 Value ($000) $902 Avg Close — Range —
Q3 2014
Shares 25,464 Value ($000) $948 Avg Close — Range —
Q2 2014
Shares 26,882 Value ($000) $1,036 Avg Close — Range —
Q1 2014
Shares 28,440 Value ($000) $1,030 Avg Close — Range —
Q4 2013
Shares 26,320 Value ($000) $992 Avg Close — Range —
Q3 2013
Shares 27,311 Value ($000) $1,017 Avg Close — Range —
Q2 2013
Shares 11,381 Value ($000) $388 Avg Close — Range —
Q1 2013
Shares 11,517 Value ($000) $447 Avg Close — Range —
Q4 2012
Shares 13,604 Value ($000) $556 Avg Close — Range —
Q3 2012
Shares 15,276 Value ($000) $577 Avg Close — Range —
Q2 2012
Shares 16,332 Value ($000) $586 Avg Close — Range —
Q1 2012
Shares 14,745 Value ($000) $603 Avg Close — Range —
Q4 2011
Shares 14,831 Value ($000) $538 Avg Close — Range —
Q3 2011
Shares 18,770 Value ($000) $636 Avg Close — Range —
Q2 2011
Shares 18,770 Value ($000) $897 Avg Close — Range —
Q1 2011
Shares 19,699 Value ($000) $991 Avg Close — Range —
Q4 2010
Shares 16,733 Value ($000) $822 Avg Close — Range —