Vanguard Telecommunication Services ETF (VOX)

Quarter-End Holdings as of 04/30/2017

1AT&T Inc.21.8%
2Verizon Communications Inc.21.1%
3T-Mobile US Inc.4.9%
4Level 3 Communications Inc.4.8%
5CenturyLink Inc.4.3%
6General Communication Inc.3.6%
7Sprint Corp.3.2%
8Zayo Group Holdings Inc.2.8%
9Windstream Holdings Inc.2.5%
10Globalstar Inc.2.3%
Ten largest holdings = 71.3% of total net assets

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

Vanguard portfolio holdings disclaimer