SPDR S&P 500 ETF TR

Ticker: SPY CUSIP: 78462F103 Class: TR UNIT

Virtus Investment Advisers, LLC's Holding History (CIK: 0000019481)

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

Q3 2015
Shares 123,500 Value ($000) $23,666 Avg Close — Range —
Q2 2015
Shares 123,500 Value ($000) $25,422 Avg Close — Range —
Q1 2015
Shares 123,500 Value ($000) $25,494 Avg Close — Range —
Q4 2014
Shares 123,500 Value ($000) $25,379 Avg Close — Range —
Q3 2014
Shares 123,500 Value ($000) $24,332 Avg Close — Range —
Q2 2014
Shares 123,500 Value ($000) $24,171 Avg Close — Range —