ISHARES TR

Ticker: IOO CUSIP: 464287572 Class: GLOBAL 100 ETF

Narwhal Capital Management's Holding History (CIK: 0001461287)

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

Q3 2014

Shares 3,100 Value ($000) $240 Avg Close — Range —

Q2 2014

Shares 3,100 Value ($000) $244 Avg Close — Range —

Q1 2014

Shares 3,100 Value ($000) $241 Avg Close — Range —

Q4 2013

Shares 3,100 Value ($000) $239 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	3,100	$240	—	—
Q2 2014	3,100	$244	—	—
Q1 2014	3,100	$241	—	—
Q4 2013	3,100	$239	—	—