ISHARES TR

Ticker: IYZ CUSIP: 464287713 Class: US TELECOM ETF

Horizon Investments, LLC's Holding History (CIK: 0001560717)

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

Q2 2016

Shares 74,828 Value ($000) $2,492 Avg Close — Range —

Q1 2016

Shares 82,771 Value ($000) $2,544 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	74,828	$2,492	—	—
Q1 2016	82,771	$2,544	—	—