PROSHARES TR II

Ticker: YCS CUSIP: 74347W569 Class: ULTRASHORT YEN N

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

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

Q4 2013
Shares 3,308 Value ($000) $235 Avg Close — Range —
Q3 2013
Shares 4,439 Value ($000) $276 Avg Close — Range —