VANGUARD MALVERN FDS

Ticker: VCRB CUSIP: 922020748 Class: Fixed Income ETF

Advance Capital Management, Inc.'s Holding History (CIK: 0001536029)

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

Q4 2025

Shares 3,289,350 Value ($000) $256,224 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,289,350	$256,224	—	—