POWERSHARES ETF TRUST

CUSIP: 73935X849 Class: DYN FD & BEV

Janney Capital Management LLC's Holding History (CIK: 0001569855)

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

Q1 2016
Shares 696,290 Value ($000) $22,608 Avg Close — Range —
Q4 2015
Shares 719,502 Value ($000) $23,168 Avg Close — Range —