SPDR SERIES TRUST

Ticker: KBE CUSIP: 78464A797 Class: S&P BK ETF

BAILARD, INC.'s Holding History (CIK: 0000750641)

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

Q3 2015
Shares 7,900 Value ($000) $263 Avg Close — Range —
Q2 2015
Shares 7,900 Value ($000) $286 Avg Close — Range —
Q1 2015
Shares 7,900 Value ($000) $265 Avg Close — Range —
Q4 2014
Shares 7,900 Value ($000) $265 Avg Close — Range —
Q3 2014
Shares 8,050 Value ($000) $257 Avg Close — Range —
Q2 2014
Shares 8,800 Value ($000) $294 Avg Close — Range —
Q1 2014
Shares 8,800 Value ($000) $300 Avg Close — Range —
Q4 2013
Shares 8,800 Value ($000) $292 Avg Close — Range —
Q3 2013
Shares 8,800 Value ($000) $264 Avg Close — Range —
Q2 2013
Shares 8,800 Value ($000) $253 Avg Close — Range —