PORTFOLIO RECOVERY ASSOCS IN

CUSIP: 73640Q105 Class: COM

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q3 2014
Shares 12,800 Value ($000) $669 Avg Close — Range —
Q2 2014
Shares 12,300 Value ($000) $732 Avg Close — Range —
Q1 2014
Shares 12,100 Value ($000) $700 Avg Close — Range —