VANGUARD BD INDEX FDS

Ticker: BIV CUSIP: 921937819 Class: Fixed Income ETF

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

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

Q2 2016

Shares 7,690 Value ($000) $677 Avg Close — Range —

Q1 2016

Shares 7,690 Value ($000) $663,416 Avg Close — Range —

Q4 2015

Shares 7,916 Value ($000) $658 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	7,690	$677	—	—
Q1 2016	7,690	$663,416	—	—
Q4 2015	7,916	$658	—	—