ISHARES TR

Ticker: LQD CUSIP: 464287242 Class: IBOXX INV CP ETF

Pictet North America Advisors SA's Holding History (CIK: 0001599576)

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

Q1 2016

Shares 2,000 Value ($000) $238 Avg Close — Range —

Q4 2015

Shares 2,000 Value ($000) $228 Avg Close — Range —

Q2 2015

Shares 2,000 Value ($000) $231 Avg Close — Range —

Q1 2015

Shares 2,000 Value ($000) $243 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	2,000	$238	—	—
Q4 2015	2,000	$228	—	—
Q2 2015	2,000	$231	—	—
Q1 2015	2,000	$243	—	—