Vanguard Variable Annuity - Small Company Growth Portfolio

Quarter-End Holdings as of 03/31/2017

1TriNet Group Inc.1.4%
2ServiceMaster Global Holdings Inc.1.4%
3LPL Financial Holdings Inc.1.4%
4Cadence Design Systems Inc.1.2%
5INC Research Holdings Inc.1.2%
6CDW Corp.1.1%
7Sensata Technologies Holding NV1.1%
8Carter's Inc.1.0%
9Clean Harbors Inc.1.0%
10Cooper Cos. Inc.1.0%
Ten largest holdings = 11.8% of total net assets

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

Vanguard portfolio holdings disclaimer