ISHARES TR

Ticker: IYF CUSIP: 464287788 Class: Exchange Traded Fund

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

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

Q3 2013

Shares 13,300 Value ($000) $975 Avg Close — Range —

Q2 2013

Shares 13,300 Value ($000) $951 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	13,300	$975	—	—
Q2 2013	13,300	$951	—	—