VANGUARD BD INDEX FDS

Ticker: BLV CUSIP: 921937793 Class: LONG TERM BOND

Cavalier Investments, LLC's Holding History (CIK: 0001655543)

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

Q2 2016

Shares 6,257 Value ($000) $613 Avg Close — Range —

Q1 2016

Shares 6,257 Value ($000) $582,151 Avg Close — Range —

Q4 2015

Shares 7,089 Value ($000) $615 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	6,257	$613	—	—
Q1 2016	6,257	$582,151	—	—
Q4 2015	7,089	$615	—	—