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Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 05/31/2015

1Exxon Mobil Corp.4.2%
2Microsoft Corp.4.0%
3Wells Fargo & Co.3.4%
4Johnson & Johnson3.2%
5General Electric Co.3.2%
6JPMorgan Chase & Co.2.8%
7Procter & Gamble Co.2.5%
8Pfizer Inc.2.5%
9Verizon Communications Inc.2.3%
10Chevron Corp.2.3%
Ten largest holdings = 30.4% of total net assets

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

Vanguard portfolio holdings disclaimer