Vanguard Health Care Fund Investor Shares (VGHCX)

Quarter-End Holdings as of 03/31/2016

1Bristol-Myers Squibb Co.6.5%
2UnitedHealth Group Inc.6.4%
3Allergan plc6.4%
4Merck & Co. Inc.5.5%
5Eli Lilly & Co.4.0%
6AstraZeneca plc3.7%
7Medtronic plc2.9%
8Mylan NV2.6%
9Boston Scientific Corp.2.5%
10Incyte Corp.2.5%
Ten largest holdings = 43.0% of total net assets

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

Vanguard portfolio holdings disclaimer