ISHARES TR

Ticker: MBB CUSIP: 464288588 Class: Fixed Income ETF

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q1 2014

Shares 4,886 Value ($000) $519 Avg Close — Range —

Q4 2013

Shares 3,386 Value ($000) $354 Avg Close — Range —

Q3 2013

Shares 3,429 Value ($000) $363 Avg Close — Range —

Q2 2013

Shares 3,873 Value ($000) $408 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	4,886	$519	—	—
Q4 2013	3,386	$354	—	—
Q3 2013	3,429	$363	—	—
Q2 2013	3,873	$408	—	—