POWERSHARES ETF TRUST II

CUSIP: 73936Q769 Class: EXCHANGE TRADED

Global Endowment Management, LP's Holding History (CIK: 0001512237)

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

Q1 2018
Shares 65,000 Value ($000) $1,503 Avg Close — Range —
Q4 2017
Shares 61,300 Value ($000) $1,412 Avg Close — Range —
Q3 2017
Shares 61,300 Value ($000) $1,420 Avg Close — Range —
Q2 2017
Shares 61,300 Value ($000) $1,418 Avg Close — Range —
Q1 2017
Shares 61,300 Value ($000) $1,426 Avg Close — Range —
Q4 2016
Shares 61,300 Value ($000) $1,432 Avg Close — Range —