POWERSHARES QQQ TRUST

CUSIP: 73935A104 Class: COM

Welch Group, LLC's Holding History (CIK: 0001443095)

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

Q1 2016

Shares 19,150 Value ($000) $2,091 Avg Close — Range —

Q2 2015

Shares 22,418 Value ($000) $2,400 Avg Close — Range —

Q1 2015

Shares 22,391 Value ($000) $2,364 Avg Close — Range —

Q4 2014

Shares 22,562 Value ($000) $2,330 Avg Close — Range —

Q2 2014

Shares 23,822 Value ($000) $2,237 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	19,150	$2,091	—	—
Q2 2015	22,418	$2,400	—	—
Q1 2015	22,391	$2,364	—	—
Q4 2014	22,562	$2,330	—	—
Q2 2014	23,822	$2,237	—	—