VANGUARD INDEX FDS

Ticker: VB CUSIP: 922908751 Class: Exchange Traded Fund

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

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

Q1 2017
Shares 22,069 Value ($000) $2,941 Avg Close — Range —
Q4 2016
Shares 25,073 Value ($000) $3,233 Avg Close — Range —
Q3 2016
Shares 48,975 Value ($000) $5,984 Avg Close — Range —
Q2 2016
Shares 54,786 Value ($000) $6,338 Avg Close — Range —
Q1 2016
Shares 54,786 Value ($000) $6,110 Avg Close — Range —
Q4 2015
Shares 46,917 Value ($000) $5,193 Avg Close — Range —
Q3 2015
Shares 46,917 Value ($000) $5,065 Avg Close — Range —
Q2 2015
Shares 44,237 Value ($000) $5,373 Avg Close — Range —
Q1 2015
Shares 44,237 Value ($000) $5,042 Avg Close — Range —