ISHARES TR

Ticker: EPHE CUSIP: 46429B408 Class: MSCI PHILIPS ETF

NEW VERNON INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001500605)

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

Q4 2015

Shares 80,800 Value ($000) $2,727 Avg Close — Range —

Q3 2015

Shares 80,800 Value ($000) $2,779 Avg Close — Range —

Q2 2015

Shares 118,100 Value ($000) $4,547 Avg Close — Range —

Q1 2015

Shares 80,800 Value ($000) $3,361 Avg Close — Range —

Q4 2014

Shares 80,800 Value ($000) $3,087 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	80,800	$2,727	—	—
Q3 2015	80,800	$2,779	—	—
Q2 2015	118,100	$4,547	—	—
Q1 2015	80,800	$3,361	—	—
Q4 2014	80,800	$3,087	—	—