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Efficient Market Advisors, LLC
> VB
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2017 | VANGUARD INDEX FUNDS | VB | 3,231 | -330 | 431,000 | -28,000 | $133.40 |
| 12/31/2016 | VANGUARD INDEX FUNDS | VB | 3,561 | -2,295 | 459,000 | -256,000 | $128.90 |
| 09/30/2016 | VANGUARD INDEX FUNDS | VB | 5,856 | -1,250 | 715,000 | -107,000 | $122.10 |
| 06/30/2016 | VANGUARD INDEX FUNDS | VB | 7,106 | 7,106 | 822,000 | 822,000 | $115.68 |
| 03/31/2016 | VANGUARD INDEX FUNDS | VB | 8,636 | -9,766 | 963,000 | -923,000 | $111.51 |
| 12/31/2015 | VANGUARD INDEX FUNDS | VB | 0 | -11,500 | 0 | -1,241,000 | |
| 09/30/2015 | VANGUARD INDEX FUNDS | VB | 11,500 | -6,902 | 1,241,000 | -645,000 | $107.91 |
| 06/30/2015 | VANGUARD INDEX FUNDS | VB | 13,109 | -5,293 | 1,592,000 | -294,000 | $121.44 |
| 03/31/2015 | VANGUARD INDEX FUNDS | VB | 18,309 | -93 | 2,244,000 | 358,000 | $122.56 |
| 12/31/2014 | VANGUARD INDEX FUNDS | VB | 16,917 | -1,485 | 1,974,000 | 88,000 | $116.69 |
| 09/30/2014 | VANGUARD INDEX FUNDS | VB | 12,739 | -5,663 | 1,409,000 | -477,000 | $110.61 |
| 06/30/2014 | VANGUARD INDEX FUNDS | VB | 12,952 | -5,450 | 1,517,000 | -369,000 | $117.12 |
| 03/31/2014 | VANGUARD INDEX FUNDS | VB | 13,610 | -4,792 | 1,537,000 | -349,000 | $112.93 |
| 12/31/2013 | VANGUARD INDEX FUNDS | VB | 14,360 | -4,042 | 1,579,000 | -307,000 | $109.96 |
| 09/30/2013 | VANGUARD INDEX FUNDS | VB | 18,402 | -761 | 1,886,000 | 91,000 | $102.49 |
| 06/30/2013 | VANGUARD INDEX FUNDS | VB | 19,163 | 1,781 | 1,795,000 | 389,000 | $93.67 |
| 03/31/2013 | VANGUARD INDEX FUNDS | VB | 19,573 | 2,191 | 1,784,000 | 378,000 | $91.15 |
| 12/31/2012 | VANGUARD INDEX FUNDS | VB | 17,382 | 1,780 | 1,406,000 | 156,000 | $80.89 |
| 09/30/2012 | VANGUARD INDEX FUNDS | VB | 15,602 | -108 | 1,250,000 | 55,000 | $80.12 |
| 06/30/2012 | VANGUARD INDEX FUNDS | VB | 15,710 | -1,710 | 1,195,000 | -177,000 | $76.07 |
| 03/31/2012 | VANGUARD INDEX FUNDS | VB | 17,420 | -830 | 1,372,000 | 101,000 | $78.76 |
| 12/31/2011 | VANGUARD INDEX FUNDS | VB | 18,250 | -246 | 1,271,000 | 136,000 | $69.64 |
| 09/30/2011 | VANGUARD INDEX FUNDS | VB | 18,496 | 10,094 | 1,135,000 | 479,000 | $61.36 |
| 06/30/2011 | VANGUARD INDEX FUNDS | VB | 8,402 | -15 | 656,000 | -9,000 | $78.08 |
| 03/31/2011 | VANGUARD INDEX FUNDS | VB | 8,417 | -1,438 | 665,000 | -51,000 | $79.01 |
| 12/31/2010 | VANGUARD INDEX FUNDS | VB | 9,855 | -341 | 716,000 | 69,000 | $72.65 |
| 09/30/2010 | VANGUARD INDEX FUNDS | VB | 10,196 | -939 | 647,000 | 17,000 | $63.46 |
| 06/30/2010 | VANGUARD INDEX FUNDS | VB | 11,135 | -285 | 630,000 | -89,000 | $56.58 |
| 03/31/2010 | VANGUARD INDEX FUNDS | VB | 11,420 | -2,815 | 719,000 | -108,000 | $62.96 |
| 12/31/2009 | VANGUARD INDEX FUNDS | VB | 14,235 | 14,235 | 827,000 | 827,000 | $58.10 |
| 09/30/2009 | VANGUARD INDEX FUNDS | VB | 737 | 737 | 41,000 | 41,000 | $55.63 |
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