Vanguard Health Care Fund Investor Shares (VGHCX)

Quarter-End Holdings as of 12/31/2017

1Bristol-Myers Squibb Co.6.3%
2UnitedHealth Group Inc.5.7%
3AstraZeneca plc5.3%
4Eli Lilly & Co.4.7%
5Allergan plc4.6%
6Merck & Co. Inc.3.2%
7Vertex Pharmaceuticals Inc.2.9%
8Mylan NV2.7%
9Medtronic plc2.6%
10McKesson Corp.2.5%
Ten largest holdings = 40.5% of total net assets

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

Vanguard portfolio holdings disclaimer