ISHARES TR

Ticker: HEFA CUSIP: 46434V803 Class: HDG MSCI EAFE

Baker Avenue Asset Management, LP's Holding History (CIK: 0001432529)

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

Q4 2015

Shares 11,932 Value ($000) $303 Avg Close — Range —

Q3 2015

Shares 12,175 Value ($000) $299 Avg Close — Range —

Q2 2015

Shares 14,460 Value ($000) $395 Avg Close — Range —

Q1 2015

Shares 11,260 Value ($000) $314 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	11,932	$303	—	—
Q3 2015	12,175	$299	—	—
Q2 2015	14,460	$395	—	—
Q1 2015	11,260	$314	—	—