VANECK ETF TRUST

Ticker: GDX CUSIP: 92189F106 Class: GOLD MINERS ETF

MOTCO's Holding History (CIK: 0001306333)

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

Q1 2017
Shares 1,675 Value ($000) $38 Avg Close — Range —
Q4 2016
Shares 1,675 Value ($000) $35 Avg Close — Range —