ISHARES TR

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

SANDS CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001020066)

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

Q3 2014

Shares 67,800 Value ($000) $2,818 Avg Close — Range —

Q2 2014

Shares 1,007,800 Value ($000) $43,567 Avg Close — Range —

Q1 2014

Shares 1,365,800 Value ($000) $56,011 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	67,800	$2,818	—	—
Q2 2014	1,007,800	$43,567	—	—
Q1 2014	1,365,800	$56,011	—	—