ISHARES TR

Ticker: EEM CUSIP: 464287234 Class: MSCI EMG MKT ETF

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA's Holding History (CIK: 0000351083)

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

Q4 2014

Shares 544,363 Value ($000) $21,388 Avg Close — Range —

Q3 2014

Shares 914,665 Value ($000) $38,013 Avg Close — Range —

Q2 2014

Shares 914,665 Value ($000) $39,541 Avg Close — Range —

Q1 2014

Shares 914,665 Value ($000) $37,492 Avg Close — Range —

Q4 2013

Shares 914,665 Value ($000) $38,205 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	544,363	$21,388	—	—
Q3 2014	914,665	$38,013	—	—
Q2 2014	914,665	$39,541	—	—
Q1 2014	914,665	$37,492	—	—
Q4 2013	914,665	$38,205	—	—