Vanguard Telecommunication Services ETF (VOX)

Quarter-End Holdings as of 09/30/2017

1AT&T Inc.23.4%
2Verizon Communications Inc.23.1%
3Level 3 Communications Inc.4.5%
4T-Mobile US Inc.4.4%
5CenturyLink Inc.3.3%
6Zayo Group Holdings Inc.2.9%
7Sprint Corp.2.9%
8Shenandoah Telecommunications Co.2.4%
9Vonage Holdings Corp.2.4%
10Cogent Communications Holdings Inc.2.4%
Ten largest holdings = 71.7% of total net assets

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

Vanguard portfolio holdings disclaimer