Date	HGLB NAV	HGLB Price
2/15/19	15.08	15.05
2/19/19	15.2	15.1074
2/20/19	15.17	15.19
2/21/19	15.14	14.12
2/22/19	15.05	13.15
2/25/19	15.01	12.74
2/26/19	14.89	13.3
2/27/19	14.92	13.48
2/28/19	14.9	13.43
3/1/19	15.06	13.46
3/4/19	14.89	13.1551
3/5/19	14.86	12.85
3/6/19	14.68	12.78
3/7/19	14.66	12.95
3/8/19	14.66	13.16
3/11/19	14.77	13
3/12/19	14.88	12.95
3/13/19	14.94	12.98
3/14/19	14.91	12.85
3/15/19	14.91	12.83
3/18/19	15.11	12.9
3/19/19	15.12	12.92
3/20/19	15.09	12.94
3/21/19	15.2	12.8499
3/22/19	15.03	12.7601
3/25/19	14.97	12.92
3/26/19	15.02	12.99
3/27/19	14.92	13
3/28/19	14.94	12.92
3/29/19	15.12	12.98
4/1/19	15.18	12.95
4/2/19	15.29	13.02
4/3/19	15.25	12.98
4/4/19	15.2	13.2
4/5/19	15.23	13.13
4/8/19	15.23	12.9
4/9/19	15.08	12.97
4/10/19	15.16	12.95
4/11/19	15.12	12.88
4/12/19	15.28	12.95
4/15/19	15.25	12.92
4/16/19	15.18	12.7
4/17/19	15.13	12.65
4/18/19	15.02	12.51
4/22/19	15.01	12.53
4/23/19	15.01	12.52
4/24/19	14.95	12.41
4/25/19	14.95	12.43
4/26/19	14.92	12.43
4/29/19	14.97	12.3
4/30/19	14.94	12.3385
5/1/19	14.88	12.22
5/2/19	14.75	12.36
5/3/19	14.84	12.27
5/6/19	14.79	12.11
5/7/19	14.78	12.22
5/8/19	14.61	12.01
5/9/19	14.47	12.22
5/10/19	14.53	11.9
5/13/19	14.43	11.96
5/14/19	14.46	12.09
5/15/19	14.45	12.11
5/16/19	14.43	12
5/17/19	14.34	11.92
5/20/19	14.4	12.02
5/21/19	14.63	11.86
5/22/19	14.38	11.78
5/23/19	14.22	11.7
5/24/19	14.19	11.6
5/28/19	14.11	11.32
5/29/19	13.92	11.23
5/30/19	13.73	11
5/31/19	13.75	10.92
6/3/19	13.9	11.08
6/4/19	14.04	11
6/5/19	13.97	11.24
6/6/19	13.96	11.39
6/7/19	13.88	11.24
6/10/19	13.88	11.28
6/11/19	14.05	11.06
6/12/19	14.11	11.13
6/13/19	14.14	11.08
6/14/19	14.08	11.02
6/17/19	13.91	11.11
6/18/19	14	11.15
6/19/19	14.05	11.03
6/20/19	14.18	11.23
6/21/19	14.19	11.1
6/24/19	14.08	10.98
6/25/19	14.02	11.03
6/26/19	13.89	10.91
6/27/19	13.88	11.24
6/28/19	14.09	11.53
7/1/19	13.99	11.5
7/2/19	13.97	11.7
7/3/19	13.99	11.37
7/5/19	14.01	11.37
7/8/19	13.92	11.37
7/9/19	13.87	11.41
7/10/19	13.94	11.39
7/11/19	13.99	11.39
7/12/19	14.08	11.65
7/15/19	14.06	11.29
7/16/19	13.93	11.14
7/17/19	13.99	11.17
7/18/19	14.06	11.11
7/19/19	14.03	11.09
7/22/19	14.02	10.91
7/23/19	13.76	10.93
7/24/19	13.69	10.91
7/25/19	13.61	10.84
7/26/19	13.49	10.87
7/29/19	13.48	10.75
7/30/19	13.64	10.83
7/31/19	13.54	10.82
8/1/19	13.67	10.77
8/2/19	13.68	10.71
8/5/19	13.81	10.82
8/6/19	13.68	10.7
8/7/19	13.66	10.82
8/8/19	13.88	10.81
8/9/19	13.78	10.88
8/12/19	13.39	10.57
8/13/19	13.05	10.2
8/14/19	13.22	10.26
8/15/19	13.25	10.25
8/16/19	13.29	10.32
8/19/19	13	10.38
8/20/19	13.19	10.53
8/21/19	13.24	10.51
8/22/19	13.13	10.35
8/23/19	13.25	10.2
8/26/19	12.98	10.01
8/27/19	12.89	10.07
8/28/19	12.87	10.01
8/29/19	12.85	10.1
8/30/19	12.88	9.95
9/3/19	12.97	9.96
9/4/19	13.04	10.05
9/5/19	13.12	10.01
9/6/19	13.03	10.06
9/9/19	13.14	10.0539
9/10/19	13.17	10.21
9/11/19	13.29	10.41
9/12/19	13.23	10.43
9/13/19	13.23	10.5
9/16/19	13.42	10.44
9/17/19	13.37	10.36
9/18/19	13.35	10.68
9/19/19	13.28	10.5
9/20/19	13.36	10.43
9/23/19	13.27	10.29
9/24/19	13.31	10.32
9/25/19	13.27	10.32
9/26/19	13.16	10.28
9/27/19	13.24	10.25
9/30/19	13.13	10.05
10/1/19	13.13	10.01
10/2/19	13.11	10.02
10/3/19	13.11	10.04
10/4/19	13.17	10.03
10/7/19	13.16	9.97
10/8/19	13.27	10.02
10/9/19	13.15	10.02
10/10/19	13.13	10.07
10/11/19	13.12	10.09
10/14/19	13.07	10.18
10/15/19	12.99	9.92
10/16/19	12.87	9.84
10/17/19	12.87	9.8
10/18/19	12.82	9.66
10/21/19	12.84	9.66
10/22/19	12.89	9.72
10/23/19	12.69	9.6
10/24/19	12.67	9.57
10/25/19	12.69	9.52
10/28/19	12.52	9.43
10/29/19	12.46	9.46
10/30/19	12.44	9.45
10/31/19	12.26	9.58
11/1/19	12.48	9.58
11/4/19	12.56	9.51
11/5/19	12.25	9.45
11/6/19	12.03	9.4
11/7/19	12.03	9.11
11/8/19	11.97	9.24
11/11/19	11.91	9.2
11/12/19	11.88	8.98
11/13/19	11.8	8.98
11/14/19	11.83	8.81
11/15/19	11.86	8.82

1. For each day, compute the premium (discount) of the price to the NAV. Compute the average daily premium.

2. Plot the premium (discount) through time on a graph.

3. Explain if this fund exhibits the same premium(discount) pattern around its IPO and

   post-IPO period as the example we discussed in class.