Mohican Financial Management’s iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019 VXZ Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-15,000	Closed	-$162K	–	31
2016 Q2	$162K	Buy	+15,000	New	+$162K	0.15%	37
2016 Q1	–	Sell	-12,300	Closed	-$137K	–	33
2015 Q4	$137K	Sell	12,300 -2,700	-18%	-$30.1K	0.12%	33
2015 Q3	$195K	Sell	15,000 -10,300	-41%	-$134K	0.15%	33
2015 Q2	$283K	Hold	25,300	–	–	0.18%	39
2015 Q1	$318K	Hold	25,300	–	–	0.16%	43
2014 Q4	$332K	Hold	25,300	–	–	0.16%	41
2014 Q3	$332K	Hold	25,300	–	–	0.16%	43
2014 Q2	$320K	Buy	25,300 +2,000	+9%	+$25.3K	0.16%	36
2014 Q1	$353K	Hold	23,300	–	–	0.14%	42
2013 Q4	$366K	Sell	23,300 -24,576,700	-100%	-$386M	0.1%	51
2013 Q3	$4.61M	Buy	24,600,000 +24,575,400	+99,900%	+$4.61M	1.05%	44
2013 Q2	$568K	Buy	+24,600	New	+$568K	0.13%	55