SPDR SERIES TRUST

CUSIP: 78464A730 Class: COMMON STOCK

Gramercy Funds Management LLC's Holding History (CIK: 0001548836)

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

Q4 2015
Shares 18,100 Value ($000) $547 Avg Close — Range —
Q3 2015
Shares 18,100 Value ($000) $594 Avg Close — Range —
Q2 2015
Shares 18,100 Value ($000) $845 Avg Close — Range —
Q1 2015
Shares 18,100 Value ($000) $935 Avg Close — Range —
Q4 2014
Shares 78,100 Value ($000) $3,738 Avg Close — Range —