SELECT SECTOR SPDR TR

Ticker: XLRE CUSIP: 81369Y860 Class: Exchange Traded Fund

Virtus Investment Advisers, LLC's Holding History (CIK: 0000019481)

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

Q3 2016

Shares 22,665 Value ($000) $743 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	22,665	$743	—	—