ISHARES TR

Ticker: INDY CUSIP: 464289529 Class: INDIA 50 ETF

BAILARD, INC.'s Holding History (CIK: 0000750641)

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

Q4 2014

Shares 9,500 Value ($000) $284 Avg Close — Range —

Q3 2014

Shares 12,100 Value ($000) $359 Avg Close — Range —

Q2 2014

Shares 12,100 Value ($000) $351 Avg Close — Range —

Q1 2014

Shares 15,700 Value ($000) $404 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	9,500	$284	—	—
Q3 2014	12,100	$359	—	—
Q2 2014	12,100	$351	—	—
Q1 2014	15,700	$404	—	—