Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 02/28/2017

1Microsoft Corp.5.1%
2Exxon Mobil Corp.3.6%
3Johnson & Johnson3.6%
4JPMorgan Chase & Co.3.5%
5Wells Fargo & Co.3.1%
6General Electric Co.2.8%
7AT&T Inc.2.7%
8Procter & Gamble Co.2.5%
9Chevron Corp.2.3%
10Pfizer Inc.2.2%
Ten largest holdings = 31.4% of total net assets

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

Vanguard portfolio holdings disclaimer