VANECK ETF TRUST

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

America First Investment Advisors, LLC's Holding History (CIK: 0001308778)

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

Q2 2017
Shares 28,630 Value ($000) $632 Avg Close — Range —
Q1 2017
Shares 28,630 Value ($000) $653 Avg Close — Range —
Q4 2016
Shares 28,630 Value ($000) $599 Avg Close — Range —
Q3 2016
Shares 28,630 Value ($000) $757 Avg Close — Range —
Q2 2016
Shares 28,630 Value ($000) $793 Avg Close — Range —
Q1 2016
Shares 28,630 Value ($000) $572 Avg Close — Range —