Vanguard Variable Annuity - Equity Index Portfolio

Quarter-End Holdings as of 06/30/2017

1Apple Inc.3.6%
2Alphabet Inc.2.6%
3Microsoft Corp.2.5% Inc.1.8%
5Facebook Inc.1.7%
6Johnson & Johnson1.7%
7Exxon Mobil Corp.1.6%
8JPMorgan Chase & Co.1.6%
9Berkshire Hathaway Inc.1.5%
10Wells Fargo & Co.1.2%
Ten largest holdings = 19.8% of total net assets

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

Vanguard portfolio holdings disclaimer