NATWD ZIEG NYSE ARCA IS

Ticker: NWJFX CUSIP: 63868B344 Class: Mutual Fund

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

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

Q1 2015

Shares 25,534 Value ($000) $1,477 Avg Close — Range —

Q4 2014

Shares 13,823 Value ($000) $777,120 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	25,534	$1,477	—	—
Q4 2014	13,823	$777,120	—	—