VANGUARD TAX MANAGED INTERNATI

Ticker: VDVIX CUSIP: 92206J107 Class: MUTUAL FDS

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

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

Q4 2014

Shares 11,308 Value ($000) $107 Avg Close — Range —

Q3 2014

Shares 11,146 Value ($000) $110 Avg Close — Range —

Q2 2014

Shares 10,996 Value ($000) $116 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	11,308	$107	—	—
Q3 2014	11,146	$110	—	—
Q2 2014	10,996	$116	—	—