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Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 08/31/2015

1Exxon Mobil Corp.4.0%
2Microsoft Corp.4.0%
3Wells Fargo & Co.3.5%
4Johnson & Johnson3.3%
5General Electric Co.3.2%
6JPMorgan Chase & Co.3.0%
7AT&T Inc.2.6%
8Pfizer Inc.2.5%
9Procter & Gamble Co.2.4%
10Verizon Communications Inc.2.4%
Ten largest holdings = 30.9% of total net assets

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

Vanguard portfolio holdings disclaimer