Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 06/30/2016

1Microsoft Corp.4.5%
2Exxon Mobil Corp.4.5%
3Johnson & Johnson3.8%
4General Electric Co.3.3%
5AT&T Inc.3.1%
6Wells Fargo & Co.2.7%
7JPMorgan Chase & Co.2.6%
8Verizon Communications Inc.2.6%
9Procter & Gamble Co.2.6%
10Pfizer Inc.2.5%
Ten largest holdings = 32.2% of total net assets

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

Vanguard portfolio holdings disclaimer