NATURAL RESOURCE PARTNERS L

CUSIP: 63900P103 Class: COM UNIT L P

Arrow Investment Advisors, LLC's Holding History (CIK: 0001378410)

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

Q4 2015
Shares 320,611 Value ($000) $407 Avg Close — Range —
Q3 2015
Shares 351,821 Value ($000) $894 Avg Close — Range —
Q2 2015
Shares 216,810 Value ($000) $822 Avg Close — Range —
Q1 2015
Shares 148,255 Value ($000) $1,005 Avg Close — Range —
Q4 2014
Shares 77,906 Value ($000) $721 Avg Close — Range —
Q3 2014
Shares 84,822 Value ($000) $1,106 Avg Close — Range —
Q2 2014
Shares 60,594 Value ($000) $1,004 Avg Close — Range —
Q1 2014
Shares 36,432 Value ($000) $580 Avg Close — Range —
Q4 2013
Shares 30,762 Value ($000) $613 Avg Close — Range —
Q3 2013
Shares 24,487 Value ($000) $466 Avg Close — Range —
Q2 2013
Shares 21,564 Value ($000) $444 Avg Close — Range —