ISHARES TR

Ticker: IXC CUSIP: 464287341 Class: GLOBAL ENERG ETF

Permanens Capital L.P.'s Holding History (CIK: 0001599637)

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

Q3 2014
Shares 92,400 Value ($000) $4,051 Avg Close — Range —
Q2 2014
Shares 107,700 Value ($000) $5,226 Avg Close — Range —
Q1 2014
Shares 107,700 Value ($000) $4,714 Avg Close — Range —
Q4 2013
Shares 123,000 Value ($000) $5,316 Avg Close — Range —