VANGUARD NAT RES LLC

CUSIP: 92205F106 Class: CMN

MERITAGE PORTFOLIO MANAGEMENT's Holding History (CIK: 0000881432)

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

Q2 2014
Shares 116,757 Value ($000) $3,760 Avg Close — Range —
Q1 2014
Shares 110,614 Value ($000) $3,293 Avg Close — Range —
Q4 2013
Shares 107,999 Value ($000) $3,188 Avg Close — Range —
Q3 2013
Shares 108,673 Value ($000) $3,041 Avg Close — Range —
Q2 2013
Shares 105,914 Value ($000) $2,955 Avg Close — Range —