POWERSHARES ETF TR II

CUSIP: 73936T557 Class: FDM HG YLD RAFI

Horizon Investments, LLC's Holding History (CIK: 0001560717)

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

Q1 2015
Shares 387,855 Value ($000) $7,358 Avg Close — Range —
Q4 2014
Shares 163,233 Value ($000) $3,069 Avg Close — Range —
Q3 2014
Shares 168,774 Value ($000) $3,215 Avg Close — Range —
Q2 2014
Shares 124,633 Value ($000) $2,443 Avg Close — Range —
Q1 2014
Shares 235,681 Value ($000) $4,577 Avg Close — Range —