SPDR SERIES TRUST

Ticker: BWZ CUSIP: 78464A334 Class: BLOOMBERG SHORT

Estate Counselors, LLC's Holding History (CIK: 0001559832)

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

Q4 2013

Shares 106,325 Value ($000) $3,809 Avg Close — Range —

Q3 2013

Shares 150,730 Value ($000) $5,434 Avg Close — Range —

Q2 2013

Shares 150,730 Value ($000) $5,263 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	106,325	$3,809	—	—
Q3 2013	150,730	$5,434	—	—
Q2 2013	150,730	$5,263	—	—