ISHARES TR

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

Edgemoor Investment Advisors, Inc.'s Holding History (CIK: 0001313792)

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

Q4 2013

Shares 10,367 Value ($000) $433 Avg Close — Range —

Q3 2013

Shares 10,367 Value ($000) $423 Avg Close — Range —

Q2 2013

Shares 10,367 Value ($000) $399 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	10,367	$433	—	—
Q3 2013	10,367	$423	—	—
Q2 2013	10,367	$399	—	—