SELECT SECTOR SPDR TR

Ticker: XLE CUSIP: 81369Y506 Class: ENERGY

Verger Capital Management LLC's Holding History (CIK: 0001627417)

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

Q1 2015
Shares 261,738 Value ($000) $20,306 Avg Close — Range —
Q4 2014
Shares 144,300 Value ($000) $11,423 Avg Close — Range —