MS XLE Note Due 5-19-17

CUSIP: 61761jut4 Class: SE

MAI Capital Management's Holding History (CIK: 0001040197)

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

Q1 2017
Shares 6,500,000 Value ($000) $6,160 Avg Close — Range —
Q4 2016
Shares 6,500,000 Value ($000) $6,251 Avg Close — Range —
Q3 2016
Shares 6,600,000 Value ($000) $6,014 Avg Close — Range —
Q2 2016
Shares 6,600,000 Value ($000) $5,775 Avg Close — Range —
Q1 2016
Shares 6,955,000 Value ($000) $5,569 Avg Close — Range —
Q4 2015
Shares 7,055,000 Value ($000) $5,491 Avg Close — Range —
Q3 2015
Shares 7,055,000 Value ($000) $5,432 Avg Close — Range —
Q2 2015
Shares 7,055,000 Value ($000) $6,466 Avg Close — Range —
Q1 2015
Shares 7,055,000 Value ($000) $6,557 Avg Close — Range —
Q4 2014
Shares 7,055,000 Value ($000) $6,626 Avg Close — Range —