VANGUARD SCOTTSDALE FDS

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

Horizon Investments, LLC's Holding History (CIK: 0001560717)

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

Q1 2015

Shares 212,957 Value ($000) $20,039 Avg Close — Range —

Q4 2014

Shares 104,084 Value ($000) $9,619 Avg Close — Range —

Q4 2013

Shares 81,702 Value ($000) $6,780 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	212,957	$20,039	—	—
Q4 2014	104,084	$9,619	—	—
Q4 2013	81,702	$6,780	—	—