SPDR SERIES TRUST

Ticker: XTL CUSIP: 78464A540 Class: S&P TELECOM

ARS Investment Partners, LLC's Holding History (CIK: 0000733020)

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

Q1 2017
Shares 3,249 Value ($000) $231 Avg Close — Range —
Q3 2016
Shares 21,236 Value ($000) $1,394 Avg Close — Range —
Q2 2016
Shares 20,680 Value ($000) $1,198 Avg Close — Range —
Q1 2016
Shares 21,262 Value ($000) $1,214 Avg Close — Range —
Q4 2015
Shares 17,559 Value ($000) $987 Avg Close — Range —
Q3 2015
Shares 17,444 Value ($000) $923 Avg Close — Range —
Q2 2015
Shares 17,960 Value ($000) $1,033 Avg Close — Range —
Q1 2015
Shares 17,124 Value ($000) $1,000 Avg Close — Range —
Q4 2014
Shares 17,475 Value ($000) $1,009 Avg Close — Range —
Q3 2014
Shares 16,921 Value ($000) $936 Avg Close — Range —
Q2 2014
Shares 16,142 Value ($000) $916 Avg Close — Range —
Q1 2014
Shares 15,438 Value ($000) $881 Avg Close — Range —
Q4 2013
Shares 9,332 Value ($000) $519 Avg Close — Range —