VANGUARD INDEX FDS

Ticker: VOE CUSIP: 922908512 Class: MCAP VL IDXVIP

Arrow Investment Advisors, LLC's Holding History (CIK: 0001378410)

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

Q1 2017
Shares 210,784 Value ($000) $21,483 Avg Close — Range —
Q4 2016
Shares 225,378 Value ($000) $21,904 Avg Close — Range —
Q3 2014
Shares 639,200 Value ($000) $54,268 Avg Close — Range —
Q2 2014
Shares 661,650 Value ($000) $57,523 Avg Close — Range —
Q4 2013
Shares 897,950 Value ($000) $71,639 Avg Close — Range —
Q3 2013
Shares 880,650 Value ($000) $62,380 Avg Close — Range —
Q2 2013
Shares 884,350 Value ($000) $60,728 Avg Close — Range —