VANGUARD HIGH YIELD TAX EXEMPT ADMIRAL SHARES

Ticker: VWALX CUSIP: 922907845 Class: M

Holders for Q4 2025 Position Changes for Q4 2025

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

Decreased Positions (1)

Transce3nd, LLC
Value ($000) $3 (-3.9%) Shares 254 (-4.2%)