HUSSMAN STRATEGIC ADVISORS, INC.

Holdings History for UNITED STATES NATL GAS FUND - UNIT PAR $0.001 (UNG)

Symbol: UNG on NYSE
Investment type: Equity / UNIT PAR $0.001

Shares, Excluding Options vs Price

Value, Excluding Options

Holdings date	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
30 Jun 2017		-0.17%	$0	0	-100,000	-100%		Q2 2017
31 Mar 2017	0.17%	0%	$757,000	100,000	0		$7.57	Q1 2017
31 Dec 2016	0.19%	-0.19%	$934,000	100,000	-100,000	-50%	$9.34	Q4 2016
30 Sep 2016	0.28%	-0.14%	$1,672,000	200,000	-100,000	-33%	$8.36	Q3 2016
30 Jun 2016	0.4%	-0.92%	$2,592,000	300,000	-700,000	-70%	$8.64	Q2 2016
31 Mar 2016	0.88%	+0.31%	$6,660,000	1,000,000	+350,000	+54%	$6.66	Q1 2016
31 Dec 2015	0.8%	+0.8%	$5,636,000	650,000	+650,000	NEW	$8.67	Q4 2015

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.