POWERSHARES ETF TRUST II

CUSIP: 73936Q835 Class: EXCHANGE TRADED

LEUTHOLD GROUP, LLC's Holding History (CIK: 0001170152)

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

Q4 2015
Shares 17,393 Value ($000) $439 Avg Close — Range —
Q3 2015
Shares 17,393 Value ($000) $446 Avg Close — Range —
Q2 2015
Shares 36,500 Value ($000) $961 Avg Close — Range —
Q1 2015
Shares 69,868 Value ($000) $1,848 Avg Close — Range —
Q4 2014
Shares 69,868 Value ($000) $1,987 Avg Close — Range —
Q3 2014
Shares 69,868 Value ($000) $2,030 Avg Close — Range —
Q2 2014
Shares 69,868 Value ($000) $2,143 Avg Close — Range —
Q1 2014
Shares 69,868 Value ($000) $2,095 Avg Close — Range —
Q4 2013
Shares 69,868 Value ($000) $2,062 Avg Close — Range —
Q3 2013
Shares 69,868 Value ($000) $2,042 Avg Close — Range —
Q2 2013
Shares 70,220 Value ($000) $1,935 Avg Close — Range —