Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 10/31/2016

1Microsoft Corp.5.3%
2Exxon Mobil Corp.4.0%
3Johnson & Johnson3.7%
4General Electric Co.3.0%
5JPMorgan Chase & Co.2.9%
6Wells Fargo & Co.2.7%
7AT&T Inc.2.6%
8Procter & Gamble Co.2.6%
9Chevron Corp.2.3%
10Verizon Communications Inc.2.3%
Ten largest holdings = 31.4% of total net assets

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

Vanguard portfolio holdings disclaimer