ISHARES TR

Ticker: EPU CUSIP: 464289842 Class: MSCI PERU AND GL

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

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

Q1 2017

Shares 10,000 Value ($000) $341 Avg Close — Range —

Q4 2016

Shares 10,000 Value ($000) $350 Avg Close — Range —

Q3 2016

Shares 18,300 Value ($000) $608 Avg Close — Range —

Q2 2016

Shares 18,300 Value ($000) $565 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	10,000	$341	—	—
Q4 2016	10,000	$350	—	—
Q3 2016	18,300	$608	—	—
Q2 2016	18,300	$565	—	—