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Efficient Market Advisors, LLC
> IJR
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2017 | iSHARES TRUST | IJR | 441,011 | 228,776 | 30,500,000 | 1,313,000 | $69.16 |
| 12/31/2016 | iSHARES TRUST | IJR | 212,235 | -95,775 | 29,187,000 | -9,052,000 | $137.52 |
| 09/30/2016 | iSHARES TRUST | IJR | 308,010 | -5,992 | 38,239,000 | 1,749,000 | $124.15 |
| 06/30/2016 | iSHARES TRUST | IJR | 314,002 | 314,002 | 36,490,000 | 36,490,000 | $116.21 |
| 03/31/2016 | iSHARES TRUST | IJR | 347,476 | 234,749 | 39,115,000 | 27,865,000 | $112.57 |
| 12/31/2015 | iSHARES TRUST | IJR | 274,774 | 162,047 | 30,256,000 | 19,006,000 | $110.11 |
| 09/30/2015 | iSHARES TRUST | IJR | 282,761 | 170,034 | 30,134,000 | 18,884,000 | $106.57 |
| 06/30/2015 | iSHARES TRUST | IJR | 281,319 | 168,592 | 33,162,000 | 21,912,000 | $117.88 |
| 03/31/2015 | iSHARES TRUST | IJR | 273,020 | 160,293 | 32,225,000 | 20,975,000 | $118.03 |
| 12/31/2014 | iSHARES TRUST | IJR | 237,874 | 125,147 | 27,132,000 | 15,882,000 | $114.06 |
| 09/30/2014 | iSHARES TRUST | IJR | 202,811 | 90,084 | 21,153,000 | 9,903,000 | $104.30 |
| 06/30/2014 | iSHARES TRUST | IJR | 131,787 | 19,060 | 14,772,000 | 3,522,000 | $112.09 |
| 03/31/2014 | iSHARES TRUST | IJR | 129,379 | 16,652 | 14,250,000 | 3,000,000 | $110.14 |
| 12/31/2013 | iSHARES TRUST | IJR | 116,382 | 3,655 | 12,701,000 | 1,451,000 | $109.13 |
| 09/30/2013 | iSHARES TRUST | IJR | 112,727 | 24,782 | 11,250,000 | 3,308,000 | $99.80 |
| 06/30/2013 | iSHARES TRUST | IJR | 87,945 | 41,706 | 7,942,000 | 4,330,000 | $90.31 |
| 03/31/2013 | iSHARES TRUST | IJR | 63,961 | 17,722 | 5,569,000 | 1,957,000 | $87.07 |
| 12/31/2012 | iSHARES TRUST | IJR | 46,239 | 13,471 | 3,612,000 | 1,087,000 | $78.12 |
| 09/30/2012 | iSHARES TRUST | IJR | 32,768 | 6,880 | 2,525,000 | 628,000 | $77.06 |
| 06/30/2012 | iSHARES TRUST | IJR | 25,888 | 15,790 | 1,897,000 | 1,126,000 | $73.28 |
| 03/31/2012 | iSHARES TRUST | IJR | 10,098 | 9,972 | 771,000 | 764,000 | $76.35 |
| 06/30/2010 | iSHARES TRUST | IJR | 126 | -474 | 7,000 | -29,000 | $55.56 |
| 03/31/2010 | iSHARES TRUST | IJR | 600 | 0 | 36,000 | 3,000 | $60.00 |
| 12/31/2009 | iSHARES TRUST | IJR | 600 | 600 | 33,000 | 33,000 | $55.00 |
| 09/30/2009 | iSHARES TRUST | IJR | 640 | 640 | 34,000 | 34,000 | $53.13 |
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