VANGUARD SCOTTSDALE FDS

Ticker: VCLT CUSIP: 92206C813 Class: LG-TERM COR BD

Global Endowment Management, LP's Holding History (CIK: 0001512237)

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

Q2 2016

Shares 11,000 Value ($000) $1,040 Avg Close — Range —

Q1 2016

Shares 11,000 Value ($000) $984 Avg Close — Range —

Q4 2015

Shares 7,300 Value ($000) $615 Avg Close — Range —

Q3 2015

Shares 7,300 Value ($000) $628 Avg Close — Range —

Q2 2015

Shares 7,300 Value ($000) $623 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	11,000	$1,040	—	—
Q1 2016	11,000	$984	—	—
Q4 2015	7,300	$615	—	—
Q3 2015	7,300	$628	—	—
Q2 2015	7,300	$623	—	—