ISHARES TR

Ticker: EFA CUSIP: 464287465 Class: MSCI EAFE ETF

LEUTHOLD GROUP, LLC's Holding History (CIK: 0001170152)

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

Q4 2016

Shares 3,799 Value ($000) $219 Avg Close — Range —

Q2 2015

Shares 5,339 Value ($000) $339 Avg Close — Range —

Q1 2015

Shares 3,930 Value ($000) $252 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	3,799	$219	—	—
Q2 2015	5,339	$339	—	—
Q1 2015	3,930	$252	—	—