Swan Defined Risk Fund Class I

CUSIP: 66538G676 Class: Mutual Fund

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

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

Q4 2015
Shares 795,370 Value ($000) $6,999 Avg Close — Range —
Q3 2015
Shares 787,504 Value ($000) $7,088 Avg Close — Range —
Q2 2015
Shares 781,130 Value ($000) $7,834 Avg Close — Range —