SPDR SERIES TRUST

CUSIP: 78464A730 Class: COMMON STOCK

MAKENA CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001359262)

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

Q3 2016
Shares 189,470 Value ($000) $7,287 Avg Close — Range —
Q2 2016
Shares 42,754 Value ($000) $1,488 Avg Close — Range —
Q1 2016
Shares 1,596,662 Value ($000) $6,358 Avg Close — Range —
Q4 2015
Shares 123,880 Value ($000) $3,744 Avg Close — Range —
Q3 2015
Shares 1,591,881 Value ($000) $10,482 Avg Close — Range —
Q2 2015
Shares 686,632 Value ($000) $32,038 Avg Close — Range —
Q1 2015
Shares 517,223 Value ($000) $26,720 Avg Close — Range —