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Vanguard Health Care Fund Investor Shares (VGHCX)

Quarter-End Holdings as of 09/30/2015

1Bristol-Myers Squibb Co.5.6%
2Allergan plc5.2%
3UnitedHealth Group Inc.5.2%
4Merck & Co. Inc.5.1%
5Eli Lilly & Co.4.1%
6AstraZeneca plc3.8%
7Medtronic plc2.8%
8McKesson Corp.2.5%
9Roche Holding AG2.4%
10Regeneron Pharmaceuticals Inc.2.4%
Ten largest holdings = 39.1% of total net assets

Portfolio holdings may exclude any temporary cash investments and equity index products.

Vanguard portfolio holdings disclaimer