Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 08/31/2017

1Microsoft Corp.6.0%
2Johnson & Johnson3.8%
3Exxon Mobil Corp.3.4%
4JPMorgan Chase & Co.3.4%
5Procter & Gamble Co.2.5%
6AT&T Inc.2.4%
7Wells Fargo & Co.2.4%
8General Electric Co.2.3%
9Chevron Corp.2.2%
10Pfizer Inc.2.1%
Ten largest holdings = 30.5% of total net assets

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

Vanguard portfolio holdings disclaimer