POWERSHARES ETF TRUST II

CUSIP: 73936Q769 Class: EXCHANGE TRADED

ASHFORD CAPITAL MANAGEMENT INC's Holding History (CIK: 0000897070)

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

Q3 2015
Shares 22,654 Value ($000) $522 Avg Close — Range —
Q2 2015
Shares 17,738 Value ($000) $422 Avg Close — Range —
Q1 2015
Shares 11,122 Value ($000) $268 Avg Close — Range —
Q3 2014
Shares 15,925 Value ($000) $387 Avg Close — Range —
Q2 2014
Shares 49,773 Value ($000) $1,238 Avg Close — Range —
Q1 2014
Shares 31,412 Value ($000) $779 Avg Close — Range —
Q4 2013
Shares 22,885 Value ($000) $569 Avg Close — Range —
Q3 2013
Shares 31,131 Value ($000) $768 Avg Close — Range —
Q2 2013
Shares 21,094 Value ($000) $522 Avg Close — Range —