Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 01/31/2017

1Microsoft Corp.5.4%
2Exxon Mobil Corp.3.8%
3Johnson & Johnson3.4%
4JPMorgan Chase & Co.3.3%
5Wells Fargo & Co.3.1%
6General Electric Co.2.9%
7AT&T Inc.2.9%
8Procter & Gamble Co.2.6%
9Chevron Corp.2.3%
10Verizon Communications Inc.2.2%
Ten largest holdings = 31.9% of total net assets

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

Vanguard portfolio holdings disclaimer