Vanguard Telecommunication Services ETF (VOX)

Quarter-End Holdings as of 08/31/2017

1AT&T Inc.22.2%
2Verizon Communications Inc.22.2%
3T-Mobile US Inc.4.6%
4Level 3 Communications Inc.4.5%
5CenturyLink Inc.3.4%
6Sprint Corp.3.0%
7Zayo Group Holdings Inc.2.9%
8Vonage Holdings Corp.2.4%
9Shenandoah Telecommunications Co.2.3%
10General Communication Inc.2.3%
Ten largest holdings = 69.8% of total net assets

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

Vanguard portfolio holdings disclaimer