ISHARES TR

Ticker: IYZ CUSIP: 464287713 Class: US TELECOM ETF

BROWN ADVISORY INC's Holding History (CIK: 0001345929)

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

Q1 2014

Shares 225 Value ($000) $7 Avg Close — Range —

Q4 2013

Shares 935 Value ($000) $28 Avg Close — Range —

Q3 2013

Shares 935 Value ($000) $26 Avg Close — Range —

Q2 2013

Shares 935 Value ($000) $24 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	225	$7	—	—
Q4 2013	935	$28	—	—
Q3 2013	935	$26	—	—
Q2 2013	935	$24	—	—