Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 04/30/2017

1Microsoft Corp.5.5%
2Exxon Mobil Corp.3.6%
3Johnson & Johnson3.6%
4JPMorgan Chase & Co.3.3%
5Wells Fargo & Co.2.9%
6General Electric Co.2.7%
7AT&T Inc.2.6%
8Procter & Gamble Co.2.4%
9Pfizer Inc.2.2%
10Chevron Corp.2.1%
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