ISHARES TR

Ticker: CMBS CUSIP: 46429B366 Class: CMBS ETF

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

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

Q4 2014
Shares 47,237 Value ($000) $2,418 Avg Close — Range —
Q3 2014
Shares 45,165 Value ($000) $2,318 Avg Close — Range —
Q2 2014
Shares 42,164 Value ($000) $2,180 Avg Close — Range —
Q1 2014
Shares 41,193 Value ($000) $2,106 Avg Close — Range —
Q4 2013
Shares 36,806 Value ($000) $1,879 Avg Close — Range —
Q3 2013
Shares 34,555 Value ($000) $1,782 Avg Close — Range —
Q2 2013
Shares 32,369 Value ($000) $1,657 Avg Close — Range —