SANTANDER CONSUMER USA HDG I

CUSIP: 80283M101 Class: COMMON STOCK

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

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

Q1 2014
Shares 40,970 Value ($000) $987 Avg Close — Range —
Q4 2013
Shares 23,370 Value ($000) $599 Avg Close — Range —