PROSHARES TR

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

M.D. Sass, Inc.'s Holding History (CIK: 0000922940)

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

Q2 2014

Shares 39,500 Value ($000) $1,138 Avg Close — Range —

Q1 2014

Shares 39,500 Value ($000) $1,199 Avg Close — Range —

Q4 2013

Shares 39,500 Value ($000) $1,300 Avg Close — Range —

Q3 2013

Shares 103,500 Value ($000) $3,315 Avg Close — Range —

Q2 2013

Shares 103,500 Value ($000) $3,248 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	39,500	$1,138	—	—
Q1 2014	39,500	$1,199	—	—
Q4 2013	39,500	$1,300	—	—
Q3 2013	103,500	$3,315	—	—
Q2 2013	103,500	$3,248	—	—