Goldman Sachs’s VelocitySharesTM 3x Inverse Silver ETN linked to the S&P GSCI Silver Inverse Index ER DSLV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-6,692	Closed	-$316K	–	4543
2014 Q1	$316K	Buy	+6,692	New	+$316K	﹤0.01%	3656
2013 Q3	–	Sell	-19,410	Closed	-$1.45M	–	4301
2013 Q2	$1.45M	Buy	+19,410	New	+$1.45M	﹤0.01%	2568