Bespoke's 160 Most Traded ETFs - By 6 Month Average Daily Volume

Top 40 SPY EEM XLF GDX IWM EWJ QQQ VXX FXI VWO EFA EWZ XIV TZA XLU XLE IYR SDS UNG XLI TNA XLP DGAZ SLV GLD TLT DIA XLK XLV SSO EWT TVIX XLY XLB DXJ FAZ NUGT USO ITB IVV S&P 500 Emerging Markets Financial Sector Gold Miners Russell 2000 Japan NASDAQ VIX Short Term Futures China Large Cap Emerging Markets Europe. Asia, Far East Brazil Short VIX Short Term Leveraged Short Small Cap Utilities Energy Real Estate Leveraged Short S&P 500 Natural Gas Industrials Leveraged Long Small Cap Consumer Staples Leveraged Short Natural Gas Silver Gold 20+ Year Treasuries Dow Jones Industrial Technology Health Care Leveraged Long S&P 500 Taiwan Leveraged Long VIX Short Term Consumer Discretionary Materials Japan Currency Hedged Leveraged Short Financials Leveraged Long Gold Miners Oil Home Construction Core S&P 500 XOP FAS XHB JNK EPI VGK IAU RSX HYG DUST OIH SH EZU TBT VEA VNQ XRT EWW KRE AMLP EWH VTI EWY UVXY QLD BKLN EDC EWG EWU MDY XME TQQQ UPRO DBC SPXU UGAZ SHY SPXS IWF SPXL 41 - 80 Oil & Gas Explorers/Producers Leveraged Long Financials Homebuilders High Yield Bonds India Earnings Europe Gold Russia High Yield Bonds Leveraged Short Gold Miners Oil Services Short S&P 500 Euro Area Leveraged Short 20+ Yr Treasury Developed Markets REIT Retail Mexico Regional Banking Master Limited Partnerships Hong Kong US Total Market South Korea Leveraged Long VIX Futures Leveraged Long NASDAQ Senior Loans Leveraged Long EM Germany UK S&P 400 Metals & Mining Leveraged Long NASDAQ Leveraged Long S&P 500 DB Commodities Leveraged Short S&P 500 Leveraged Long Natural Gas 1-3 Year Treasuries Leveraged Short S&P 500 Russell 1000 Growth Leveraged Long S&P 500 GDXJ FEZ LQD EWI EWA EWM PFF BND QID SCO IWD RWM EWS REM SVXY VOO IJH UST SQQQ ACWI UCO AGG IWO KBE SMH EWC SJNK IEI IBB IEMG VEU IWN SPLV BSV IEF IJR VIG VIXY UUP PIN 81 - 120 Junior Gold Miners Euro Stoxx 50 Investment Grade Bonds Italy Australia Malaysia Preferred Stocks Total Bond Market Leveraged Short NASDAQ Oil Russell 1000 Value Short Russell 2000 Singapore Mortgage Real Estate Short VIX Futures S&P 500 S&P 400 Leveraged 7-10 Year Treasuries Leveraged Short NASDAQ All World Leveraged Oil Total Bond Market Russell 2000 Growth Banks Semiconductors Canada Short Term High Yield 3-7 Year Treasuries NASDAQ Biotechnology Core Emerging Markets All World Ex-US Russell 2000 Value S&P 500 Low Volatility Short Term Bonds 7-10 Year Treasuries S&P 600 Dividend Appreciation VIX Futures Short Term Dollar Index India RSP PGX DXD FLOT IYE OEF TBF TWM IEV EPP RJI DVY DEM EDZ EWP VXZ UWM BIL AAXJ MVV SHV PKW EUO EMB CSJ TIP SDY AMJ SCPB DBA IVW VUG VTV SDOW DJP VCSH IWB MCHI TAN SCZ 121 - 160 S&P 500 Equal Weight Preferred Stocks Leveraged Short Dow Industrials Floating Rate Bonds Energy S&P 100 Short 20+ Year Treasuries Leveraged Short Russell 2000 Europe Asia Pacific ex-Japan Rogers Commodities Index Select Dividend EM Equity Income Leveraged Short EM Spain VIX Medium Term Futures Leveraged Long Russell 2000 1-3 Month T-Bills Asia ex-Japan Leveraged Long S&P 400 Short Treasuries Buybacks Leveraged Short Euro USD Emerging Market Bonds 1-3 Year Corporae Bonds TIPS Dividends Master Limited Partnerships Short Term Corporate Bonds Agriculture S&P 500 Growth Growth Value Leveraged Short Dow Industrials UBS Commodity Index Short Term Corporate Bonds Russell 1000 China Solar Europe, Asia, Far East Small Cap

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Copyright 2014, Bespoke Investment Group, LLC. Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities.