VANGUARD CHARLOTTE FDS

Ticker: BNDX CUSIP: 92203J407 Class: TOTAL INT BD ETF

LEUTHOLD GROUP, LLC's Holding History (CIK: 0001170152)

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

Q1 2016
Shares 147,819 Value ($000) $8,062 Avg Close — Range —
Q3 2015
Shares 165,302 Value ($000) $8,749 Avg Close — Range —
Q2 2015
Shares 165,338 Value ($000) $8,659 Avg Close — Range —
Q1 2015
Shares 601,633 Value ($000) $32,542 Avg Close — Range —