Vanguard High Dividend Yield ETF (VYM)

Quarter-End Holdings as of 09/30/2016

1Microsoft Corp.5.0%
2Exxon Mobil Corp.4.2%
3Johnson & Johnson3.7%
4General Electric Co.3.0%
5AT&T Inc.2.9%
6JPMorgan Chase & Co.2.7%
7Procter & Gamble Co.2.7%
8Wells Fargo & Co.2.6%
9Verizon Communications Inc.2.4%
10Pfizer Inc.2.4%
Ten largest holdings = 31.6% of total net assets

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

Vanguard portfolio holdings disclaimer