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Vanguard Health Care Fund Investor Shares (VGHCX)

Quarter-End Holdings as of 06/30/2015

1Bristol-Myers Squibb Co.5.5%
2Allergan plc5.2%
3Merck & Co. Inc.4.9%
4UnitedHealth Group Inc.4.8%
5Eli Lilly & Co.4.0%
6AstraZeneca plc3.4%
7McKesson Corp.2.7%
8Regeneron Pharmaceuticals Inc.2.7%
9Medtronic plc2.7%
10Roche Holding AG2.3%
Ten largest holdings = 38.2% of total net assets

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

Vanguard portfolio holdings disclaimer