Vanguard Variable Annuity - Equity Index Portfolio

Quarter-End Holdings as of 06/30/2016

1Apple Inc.2.9%
2Alphabet Inc.2.2%
3Microsoft Corp.2.2%
4Exxon Mobil Corp.2.1%
5Johnson & Johnson1.8%
6General Electric Co.1.6% Inc.1.5%
8Berkshire Hathaway Inc.1.5%
9AT&T Inc.1.5%
10Facebook Inc.1.4%
Ten largest holdings = 18.7% of total net assets

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

Vanguard portfolio holdings disclaimer