VANGUARD SPECIALIZED FUNDS

Ticker: VIG CUSIP: 921908844 Class: DIV APP ETF

Zuckerman Investment Group, LLC's Holding History (CIK: 0001423296)

Note: Option positions (PUT/CALL) are excluded.

Q2 2020
Shares 1,940 Value ($000) $227 Avg Close — Range —
Q1 2020
Shares 2,615 Value ($000) $270 Avg Close — Range —