ISHARES TR

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

Covalent Partners LLC's Holding History (CIK: 0001531611)

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

Q3 2013
Shares 162,262 Value ($000) $6,613 Avg Close — Range —
Q2 2013
Shares 162,262 Value ($000) $6,247 Avg Close — Range —