RYDEX ETF TRUST

CUSIP: 78355W403 Class: OTHER EQUITIES

CUTLER INVESTMENT COUNSEL LLC's Holding History (CIK: 0001285973)

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

Q4 2017
Shares 335,550 Value ($000) $35,176 Avg Close — Range —
Q3 2017
Shares 243,492 Value ($000) $24,354 Avg Close — Range —
Q2 2017
Shares 228,593 Value ($000) $21,520 Avg Close — Range —
Q1 2017
Shares 303,764 Value ($000) $27,242 Avg Close — Range —
Q4 2016
Shares 298,415 Value ($000) $24,939 Avg Close — Range —
Q3 2016
Shares 289,428 Value ($000) $24,377 Avg Close — Range —
Q2 2016
Shares 281,680 Value ($000) $22,791 Avg Close — Range —
Q1 2016
Shares 251,368 Value ($000) $19,959 Avg Close — Range —
Q4 2015
Shares 236,862 Value ($000) $19,115 Avg Close — Range —
Q3 2015
Shares 237,699 Value ($000) $18,396 Avg Close — Range —
Q2 2015
Shares 245,689 Value ($000) $19,943 Avg Close — Range —
Q1 2015
Shares 241,816 Value ($000) $20,090 Avg Close — Range —
Q4 2014
Shares 247,675 Value ($000) $19,695 Avg Close — Range —
Q3 2014
Shares 255,115 Value ($000) $19,695 Avg Close — Range —
Q2 2014
Shares 249,473 Value ($000) $19,287 Avg Close — Range —
Q1 2014
Shares 248,237 Value ($000) $18,178 Avg Close — Range —
Q4 2013
Shares 242,724 Value ($000) $17,063 Avg Close — Range —
Q3 2013
Shares 257,340 Value ($000) $16,349 Avg Close — Range —
Q2 2013
Shares 254,310 Value ($000) $14,727 Avg Close — Range —