ISHARES TR

Ticker: IVE CUSIP: 464287408 Class: S&P 500 VAL ETF

Global Endowment Management, LP's Holding History (CIK: 0001512237)

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

Q3 2018

Shares 19,700 Value ($000) $2,282 Avg Close — Range —

Q2 2018

Shares 19,700 Value ($000) $2,170 Avg Close — Range —

Q1 2018

Shares 17,000 Value ($000) $1,859 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	19,700	$2,282	—	—
Q2 2018	19,700	$2,170	—	—
Q1 2018	17,000	$1,859	—	—