VALE S A

CUSIP: 91912E204 Class: COM

Van Hulzen Asset Management, LLC's Holding History (CIK: 0001600145)

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

Q4 2016
Shares 14,300 Value ($000) $109 Avg Close — Range —
Q1 2015
Shares 112,500 Value ($000) $636 Avg Close — Range —
Q2 2014
Shares 127,294 Value ($000) $1,684 Avg Close — Range —