Sprott Inc’s VelocitySharesTM 3x Long Silver ETN linked to the S&P GSCI Silver Index ER USLV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-500	Closed	-$267K	–	148
2014 Q2	$267K	Hold	500	–	–	0.02%	95
2014 Q1	$228K	Buy	+500	New	+$228K	0.02%	96
2013 Q3	–	Sell	-500	Closed	-$284K	–	153
2013 Q2	$284K	Buy	+500	New	+$284K	0.04%	108