ISHARES INC

Ticker: IEMG CUSIP: 46434G103 Class: CORE MSCI EMKT

Welch Group, LLC's Holding History (CIK: 0001443095)

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

Q3 2014
Shares 3,474 Value ($000) $174 Avg Close — Range —
Q2 2014
Shares 5,380 Value ($000) $278 Avg Close — Range —
Q1 2014
Shares 5,380 Value ($000) $265 Avg Close — Range —
Q4 2013
Shares 16,818 Value ($000) $838 Avg Close — Range —
Q3 2013
Shares 16,406 Value ($000) $798 Avg Close — Range —