ISHARES TR

Ticker: SUB CUSIP: 464288158 Class: SHRT NAT MUN ETF

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

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

Q3 2013
Shares 4,000 Value ($000) $425 Avg Close — Range —
Q2 2013
Shares 9,000 Value ($000) $948 Avg Close — Range —