ISHARES

CUSIP: 464286848 Class: COM

Gramercy Funds Management LLC's Holding History (CIK: 0001548836)

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

Q4 2014

Shares 168,500 Value ($000) $1,894 Avg Close — Range —

Q3 2014

Shares 168,500 Value ($000) $1,983 Avg Close — Range —

Q2 2014

Shares 168,500 Value ($000) $2,029 Avg Close — Range —

Q1 2014

Shares 168,500 Value ($000) $1,909 Avg Close — Range —

Q4 2013

Shares 168,500 Value ($000) $2,045 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	168,500	$1,894	—	—
Q3 2014	168,500	$1,983	—	—
Q2 2014	168,500	$2,029	—	—
Q1 2014	168,500	$1,909	—	—
Q4 2013	168,500	$2,045	—	—