ISHARES TR

Ticker: IBB CUSIP: 464287556 Class: ISHARES BIOTECH

Arbor Investment Advisors, LLC's Holding History (CIK: 0001590073)

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

Q2 2015

Shares 587 Value ($000) $217 Avg Close — Range —

Q1 2015

Shares 697 Value ($000) $240 Avg Close — Range —

Q4 2014

Shares 697 Value ($000) $212 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	587	$217	—	—
Q1 2015	697	$240	—	—
Q4 2014	697	$212	—	—