VANGUARD TAX-MANAGED FDS

Ticker: VEA CUSIP: 921943858 Class: Exchange Traded Fund

AXIS CAPITAL HOLDINGS LTD's Holding History (CIK: 0001214816)

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

Q2 2016

Shares 969,980 Value ($000) $34,298 Avg Close — Range —

Q1 2016

Shares 969,980 Value ($000) $34,783 Avg Close — Range —

Q4 2015

Shares 969,980 Value ($000) $35,618 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	969,980	$34,298	—	—
Q1 2016	969,980	$34,783	—	—
Q4 2015	969,980	$35,618	—	—