VANGUARD TAX-MANAGED FDS

Ticker: VEA CUSIP: 921943858 Class: Exchange Traded Fund

Alaska Permanent Capital Management's Holding History (CIK: 0001426771)

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

Q3 2016
Shares 69,635 Value ($000) $2,605 Avg Close — Range —
Q2 2016
Shares 106,356 Value ($000) $3,760 Avg Close — Range —
Q1 2016
Shares 130,903 Value ($000) $4,696 Avg Close — Range —
Q4 2015
Shares 392,336 Value ($000) $14,406 Avg Close — Range —
Q3 2015
Shares 9,960 Value ($000) $1,091 Avg Close — Range —
Q2 2015
Shares 1,502,697 Value ($000) $59,581 Avg Close — Range —
Q1 2015
Shares 1,478,603 Value ($000) $58,892 Avg Close — Range —
Q4 2014
Shares 1,454,559 Value ($000) $55,098 Avg Close — Range —
Q3 2014
Shares 1,701,582 Value ($000) $67,637 Avg Close — Range —
Q2 2014
Shares 1,672,892 Value ($000) $71,248 Avg Close — Range —
Q1 2014
Shares 1,646,975 Value ($000) $67,970 Avg Close — Range —
Q4 2013
Shares 1,620,993 Value ($000) $67,562 Avg Close — Range —
Q3 2013
Shares 1,664,060 Value ($000) $65,863 Avg Close — Range —
Q2 2013
Shares 1,460,150 Value ($000) $51,981 Avg Close — Range —