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Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 04/30/2015

1Exxon Mobil Corp.4.3%
2Microsoft Corp.4.2%
3Wells Fargo & Co.3.3%
4Johnson & Johnson3.2%
5General Electric Co.3.2%
6JPMorgan Chase & Co.2.7%
7Procter & Gamble Co.2.5%
8Chevron Corp.2.4%
9Pfizer Inc.2.4%
10Verizon Communications Inc.2.4%
Ten largest holdings = 30.6% of total net assets

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

Vanguard portfolio holdings disclaimer