Vanguard Scottsdale Funds - Vanguard Short-Term Corporate Bond ETF
US ˙ NasdaqGM ˙ US92206C4096

SecurityVCSH / Vanguard Scottsdale Funds - Vanguard Short-Term Corporate Bond ETF
InstitutionCliffwater LLC
Latest Disclosed Ownership89,515 shares
Latest Disclosed Value $ 7,095,854
Cliffwater LLC reports 0.77% decrease in ownership of VCSH / Vanguard Scottsdale Funds - Vanguard Short-Term Corporate Bond ETF

On May 13, 2026 - Cliffwater LLC filed a 13F-HR form disclosing ownership of 89,515 shares of Vanguard Scottsdale Funds - Vanguard Short-Term Corporate Bond ETF (US:VCSH) valued at $7,095,854 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 90,207 shares of Vanguard Scottsdale Funds - Vanguard Short-Term Corporate Bond ETF. This represents a change in shares of -0.77% during the quarter. The current value of the position is $7,057,363 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-13 2026-03-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 89,515 -692 -0.77 7,096 -1.35 1.8804
2026-02-12 2025-12-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 90,207 0 0.00 7,192 -0.25 1.5097
2025-11-13 2025-09-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 90,207 -6,605 -6.82 7,210 -6.31 1.5189
2025-08-13 2025-06-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 96,812 -2,615 -2.63 7,697 -1.94 1.5826
2025-05-14 2025-03-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 99,427 -762 -0.76 7,849 0.42 2.0518
2025-02-14 2024-12-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 100,189 -766 -0.76 7,816 -2.52 1.9122
2024-11-13 2024-09-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 100,955 0 0.00 8,018 2.77 1.8542
2024-08-14 2024-06-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 100,955 -1,309 -1.28 7,801 -0.69 1.6693
2024-05-10 2024-03-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 102,264 353 0.35 7,855 -0.08 2.1172
2024-02-13 2023-12-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 101,911 1,007 1.00 7,861 4.28 2.2477
2023-11-14 2023-09-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 100,904 -19,201 -15.99 7,538 -17.05 2.4691
2023-08-14 2023-06-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 120,105 4,292 3.71 9,087 2.93 2.9834
2023-05-12 2023-03-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 115,813 -391 -0.34 8,828 1.04 2.8248
2023-02-10 2022-12-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 116,204 0 0.00 8,737 1.22 2.4614
2022-11-10 2022-09-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 116,204 0 0.00 8,632 -2.60 2.9155
2022-08-12 2022-06-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 116,204 0 0.00 8,862 -2.34 2.8619
2022-05-13 2022-03-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 116,204 -19,948 -14.65 9,074 -17.99 2.3802
2022-02-11 2021-12-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 136,152 -22,854 -14.37 11,064 -15.57 2.8748
2021-11-15 2021-09-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 159,006 -13,201 -7.67 13,104 -8.00 3.4387
2021-08-13 2021-06-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 172,207 -21,087 -10.91 14,243 -10.81 3.7524
2021-05-14 2021-03-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 193,294 -281 -0.15 15,970 -0.90 3.8038
2021-02-12 2020-12-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 193,575 -14,587 -7.01 16,115 -6.56 3.4778
2020-11-13 2020-09-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 208,162 0 0.00 17,246 0.23 5.1404
2020-08-12 2020-06-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 208,162 -28,510 -12.05 17,207 -8.09 5.8554
2020-05-13 2020-03-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 236,672 2,375 1.01 18,721 -1.39 8.2726
2020-02-13 2019-12-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 234,297 13,154 5.95 18,985 5.92 6.2619
2019-11-13 2019-09-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 221,143 118,394 115.23 17,924 116.21 7.0016
2019-08-13 2019-06-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 102,749 36,134 54.24 8,290 56.03 2.8771
2019-05-09 2019-03-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 66,615 -1,316 -1.94 5,313 0.34 1.5687
2019-02-08 2018-12-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 67,931 6,974 11.44 5,295 11.15 1.7846
2018-11-08 2018-09-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 60,957 -57,937 -48.73 4,764 -48.70 1.9251
2018-08-06 2018-06-30 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 118,894 140 0.12 9,286 -0.30 8.0293
2018-07-23 2018-03-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 118,754 -3,746 -3.06 9,314 -4.12 8.1244
2018-07-20 2017-12-31 13F VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 122,500 122,500 9,714 8.4147
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.