ISHARES INC

Ticker: EWH CUSIP: 464286871 Class: MSCI HONG KG ETF

Arrow Investment Advisors, LLC's Holding History (CIK: 0001378410)

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

Q4 2016
Shares 211,809 Value ($000) $4,126 Avg Close — Range —
Q4 2015
Shares 357,342 Value ($000) $7,083 Avg Close — Range —
Q3 2015
Shares 383,929 Value ($000) $7,341 Avg Close — Range —
Q2 2015
Shares 407,547 Value ($000) $9,194 Avg Close — Range —
Q1 2015
Shares 343,373 Value ($000) $7,530 Avg Close — Range —
Q4 2014
Shares 381,017 Value ($000) $7,826 Avg Close — Range —
Q2 2013
Shares 476,850 Value ($000) $8,731 Avg Close — Range —