Vanguard Variable Annuity - Equity Index Portfolio

Quarter-End Holdings as of 01/31/2017

1Apple Inc.3.3%
2Microsoft Corp.2.6%
3Alphabet Inc.2.4%
4Exxon Mobil Corp.1.8% Inc.1.6%
6Berkshire Hathaway Inc.1.6%
7Johnson & Johnson1.6%
8Facebook Inc.1.5%
9JPMorgan Chase & Co.1.5%
10General Electric Co.1.3%
Ten largest holdings = 19.2% of total net assets

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

Vanguard portfolio holdings disclaimer