Vanguard Health Care Fund Investor Shares (VGHCX)

Quarter-End Holdings as of 09/30/2017

1Bristol-Myers Squibb Co.6.7%
2UnitedHealth Group Inc.5.5%
3Eli Lilly & Co.5.0%
4AstraZeneca plc5.0%
5Allergan plc4.8%
6Merck & Co. Inc.3.9%
7Vertex Pharmaceuticals Inc.3.1%
8Medtronic plc2.7%
9Regeneron Pharmaceuticals Inc.2.7%
10McKesson Corp.2.6%
Ten largest holdings = 42.0% of total net assets

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

Vanguard portfolio holdings disclaimer