ISHARES TR

CUSIP: 46434V704 Class: CUR HED MSCI GER

SeaBridge Investment Advisors LLC's Holding History (CIK: 0001304229)

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

Q1 2015
Shares 311,630 Value ($000) $8,894 Avg Close — Range —
Q4 2014
Shares 78,860 Value ($000) $1,856 Avg Close — Range —