SPDR S&P 500 ETF TR

Ticker: SPY CUSIP: 78462F103 Class: TR UNIT

Saba Capital Management, L.P.'s Holding History (CIK: 0001510281)

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

Q4 2014
Shares 20,000 Value ($000) $4,110 Avg Close — Range —
Q3 2014
Shares 89,329 Value ($000) $17,600 Avg Close — Range —