RYDEX ETF TRUST

CUSIP: 78355W858 Class: GUG S&P500EQWTFI

Oxbow Advisors, LLC's Holding History (CIK: 0001564770)

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

Q1 2014
Shares 26,825 Value ($000) $1,089 Avg Close — Range —
Q4 2013
Shares 26,625 Value ($000) $1,056 Avg Close — Range —
Q3 2013
Shares 26,625 Value ($000) $962 Avg Close — Range —
Q2 2013
Shares 26,840 Value ($000) $944 Avg Close — Range —