VANECK ETF TRUST

Ticker: MOAT CUSIP: 92189F643 Class: Exchange Traded Fund

Pictet North America Advisors SA's Holding History (CIK: 0001599576)

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

Q1 2018
Shares 12,400 Value ($000) $514 Avg Close — Range —
Q4 2017
Shares 30,284 Value ($000) $1,286 Avg Close — Range —
Q3 2017
Shares 21,367 Value ($000) $862 Avg Close — Range —
Q2 2017
Shares 20,686 Value ($000) $818 Avg Close — Range —
Q1 2017
Shares 20,880 Value ($000) $784 Avg Close — Range —
Q4 2016
Shares 24,980 Value ($000) $870 Avg Close — Range —
Q3 2016
Shares 25,947 Value ($000) $884 Avg Close — Range —
Q2 2016
Shares 27,922 Value ($000) $908 Avg Close — Range —