PROSHARES TR

Ticker: TBF CUSIP: 74347X849 Class: SHRT 20+YR TRE

Manning & Napier Advisors LLC's Holding History (CIK: 0000062039)

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

Q4 2014

Shares 1,312,084 Value ($000) $32,998 Avg Close — Range —

Q3 2014

Shares 1,312,084 Value ($000) $36,395 Avg Close — Range —

Q2 2014

Shares 1,312,084 Value ($000) $37,786 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	1,312,084	$32,998	—	—
Q3 2014	1,312,084	$36,395	—	—
Q2 2014	1,312,084	$37,786	—	—