VANGUARD INTL EQUITY INDEX F

Ticker: VWO CUSIP: 922042858 Class: FTSE EMR MKT ETF

Gramercy Funds Management LLC's Holding History (CIK: 0001548836)

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

Q4 2013
Shares 197,525 Value ($000) $8,126 Avg Close — Range —
Q3 2013
Shares 105,625 Value ($000) $4,239 Avg Close — Range —