ISHARES TR

Ticker: MCHI CUSIP: 46429B671 Class: MSCI CHINA ETF

Gramercy Funds Management LLC's Holding History (CIK: 0001548836)

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

Q3 2017

Shares 14,700 Value ($000) $927 Avg Close — Range —

Q2 2017

Shares 37,500 Value ($000) $2,051 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	14,700	$927	—	—
Q2 2017	37,500	$2,051	—	—