Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 08/31/2016

1Microsoft Corp.4.9%
2Exxon Mobil Corp.4.1%
3Johnson & Johnson3.7%
4General Electric Co.3.2%
5Wells Fargo & Co.2.9%
6AT&T Inc.2.9%
7JPMorgan Chase & Co.2.8%
8Procter & Gamble Co.2.6%
9Verizon Communications Inc.2.4%
10Pfizer Inc.2.4%
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