POWERSHARES ETF TRUST

CUSIP: 73935X666 Class: CMN

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q1 2018
Shares 122,026 Value ($000) $3,811 Avg Close — Range —
Q4 2017
Shares 121,517 Value ($000) $4,214 Avg Close — Range —