POWERSHARES ETF TRUST II

CUSIP: 73936Q769 Class: EXCHANGE TRADED

Telos Capital Management, Inc.'s Holding History (CIK: 0001567889)

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

Q1 2014
Shares 110,205 Value ($000) $2,734 Avg Close — Range —
Q4 2013
Shares 113,110 Value ($000) $2,814 Avg Close — Range —
Q3 2013
Shares 117,499 Value ($000) $2,900 Avg Close — Range —
Q2 2013
Shares 109,461 Value ($000) $2,709 Avg Close — Range —