Swan Defined Risk Fund Class A

Ticker: SDRAX CUSIP: 66538E408 Class: Mutual Fund

Swan Global Investments, LLC's Holding History (CIK: 0001591505)

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

Q3 2015
Shares 12,596 Value ($000) $141 Avg Close — Range —
Q2 2015
Shares 13,549 Value ($000) $160 Avg Close — Range —
Q1 2015
Shares 13,649 Value ($000) $164 Avg Close — Range —
Q4 2014
Shares 1,236,524 Value ($000) $14,801 Avg Close — Range —
Q3 2014
Shares 1,355,565 Value ($000) $15,941 Avg Close — Range —