VANGUARD TAX-MANAGED BALANCED

Ticker: VTMFX CUSIP: 921943304 Class: MFD

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

Institution	Shares	Value ($000)
NORTH STAR ASSET MANAGEMENT INC	6,252	$308
Kohmann Bosshard Financial Services, LLC	1,713	$84
Total (2 institutions)	7,965	$392