SWAN DEFINED RISK FUND

Ticker: SDRIX CUSIP: 66538E606 Class: Domestic Equities

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

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

Q4 2015
Shares 3,953,274 Value ($000) $44,712 Avg Close — Range —
Q3 2015
Shares 3,535,216 Value ($000) $39,594 Avg Close — Range —
Q2 2015
Shares 3,608,437 Value ($000) $42,832 Avg Close — Range —
Q1 2015
Shares 3,705,727 Value ($000) $44,728 Avg Close — Range —
Q4 2014
Shares 1,706,660 Value ($000) $20,462 Avg Close — Range —
Q3 2014
Shares 1,590,367 Value ($000) $18,750 Avg Close — Range —