ISHARES TR

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

American Trust Investment Advisors, LLC's Holding History (CIK: 0001291424)

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

Q2 2015

Shares 7,726 Value ($000) $306 Avg Close — Range —

Q1 2015

Shares 7,786 Value ($000) $312 Avg Close — Range —

Q4 2014

Shares 7,896 Value ($000) $310 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	7,726	$306	—	—
Q1 2015	7,786	$312	—	—
Q4 2014	7,896	$310	—	—