VANECK ETF TRUST

Ticker: SMB CUSIP: 92189F528 Class: VANECK SHRT MUNI

Baird Financial Group, Inc.'s Holding History (CIK: 0001648711)

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

Q3 2016
Shares 50,638 Value ($000) $894 Avg Close — Range —
Q2 2016
Shares 46,946 Value ($000) $832 Avg Close — Range —