Confluence Investment Management’s Vanguard Short-Term Corporate Bond ETF VCSH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-24,544	Closed	-$1.96M	–	267
2013 Q4	$1.96M	Buy	24,544 +1,342	+6%	+$107K	0.11%	146
2013 Q3	$1.85M	Sell	23,202 -13,492	-37%	-$1.07M	0.11%	147
2013 Q2	$2.9M	Buy	+36,694	New	+$2.9M	0.2%	109