SPDR SERIES TRUST

Ticker: BWX CUSIP: 78464A516 Class: BLOOMBERG INTL T

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q1 2014
Shares 6,468 Value ($000) $384 Avg Close — Range —
Q3 2013
Shares 3,686 Value ($000) $215 Avg Close — Range —