ISHARES TR

Ticker: HYG CUSIP: 464288513 Class: IBOXX HI YD ETF

WELCH & FORBES LLC's Holding History (CIK: 0000105495)

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

Q1 2014

Shares 10,000 Value ($000) $944 Avg Close — Range —

Q4 2013

Shares 10,000 Value ($000) $929 Avg Close — Range —

Q3 2013

Shares 10,000 Value ($000) $916 Avg Close — Range —

Q2 2013

Shares 10,000 Value ($000) $909 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	10,000	$944	—	—
Q4 2013	10,000	$929	—	—
Q3 2013	10,000	$916	—	—
Q2 2013	10,000	$909	—	—