SPDR S&P 500 ETF TR

Ticker: SPY CUSIP: 78462F103 Class: TR UNIT

Virtus ETF Advisers LLC's Holding History (CIK: 0001587281)

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

Q1 2017
Shares 20,065 Value ($000) $4,730 Avg Close — Range —
Q4 2016
Shares 107,222 Value ($000) $23,967 Avg Close — Range —