Independent Portfolio Consultants’s ProShares Trust UltraShort Lehman 20+ Year Treasury TBT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-11,455	Closed	-$645K	–	980
2014 Q3	$645K	Buy	+11,455	New	+$645K	0.17%	173