YUM BRANDS INC

Ticker: YUM CUSIP: 988498101 Class: COM

THORNBURG INVESTMENT MANAGEMENT INC's Holding History (CIK: 0001145020)

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

Q1 2015

Shares 11,497 Value ($000) $905 Avg Close $44.53 Range $40.49 - $48.61

Q4 2014

Shares 620,413 Value ($000) $45,197 Avg Close $42.23 Range $38.40 - $45.85

Q3 2014

Shares 2,482,534 Value ($000) $178,693 Avg Close $42.91 Range $39.49 - $48.48

Q2 2014

Shares 5,835,637 Value ($000) $473,854 Avg Close $44.64 Range $42.77 - $47.42

Q1 2014

Shares 10,127,547 Value ($000) $763,516 Avg Close $42.07 Range $37.83 - $44.79

Q4 2013

Shares 11,822,191 Value ($000) $893,876 Avg Close $40.89 Range $36.63 - $44.98

Q3 2013

Shares 11,980,052 Value ($000) $855,256 Avg Close $41.01 Range $39.12 - $42.73

Q2 2013

Shares 10,594,271 Value ($000) $734,607 Avg Close $38.97 Range $35.76 - $41.83

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	11,497	$905	$44.53	$40.49 - $48.61
Q4 2014	620,413	$45,197	$42.23	$38.40 - $45.85
Q3 2014	2,482,534	$178,693	$42.91	$39.49 - $48.48
Q2 2014	5,835,637	$473,854	$44.64	$42.77 - $47.42
Q1 2014	10,127,547	$763,516	$42.07	$37.83 - $44.79
Q4 2013	11,822,191	$893,876	$40.89	$36.63 - $44.98
Q3 2013	11,980,052	$855,256	$41.01	$39.12 - $42.73
Q2 2013	10,594,271	$734,607	$38.97	$35.76 - $41.83