Vanguard Variable Annuity - Equity Index Portfolio
Holdings

Equity Characteristics as of 04/30/2019
 VVA-Equity IndexS&P 500 Index
Number of Stocks508505
Median Market Cap$117.4 billion
Price/Earnings Ratio 20.6x20.6x
Price/Book Ratio 3.3x3.3x
Return on Equity 16.6%16.6%
Earnings Growth Rate 9.0%9.0%
Foreign Holdings
Turnover Rate (Fiscal Year End December)4.9%
Short-Term Reserves0.4%
Total Net Assets$1.8 billion

Equity Sector Diversification as of 04/30/2019
 VVA-Equity IndexS&P 500 Index
Communication Services10.30%10.30%
Consumer Discretionary10.30%10.30%
Consumer Staples7.20%7.20%
Energy5.20%5.20%
Financials13.30%13.30%
Health Care13.60%13.60%
Industrials9.50%9.50%
Information Technology21.70%21.70%
Materials2.70%2.70%
Other0.00%
Real Estate3.00%3.00%
Utilities3.20%3.20%

Sector categories are based on the Global Industry Classification Standard system.

Month End Ten Largest Holdings as of 04/30/2019
RankHolding
1Microsoft Corp.
2Apple Inc.
3Amazon.com Inc.
4Alphabet Inc.
5Facebook Inc.
6Berkshire Hathaway Inc.
7JPMorgan Chase & Co.
8Johnson & Johnson
9Exxon Mobil Corp.
10Visa Inc.
Ten largest holdings = 23.0% of total net assets

Quarter-end top ten holdings with weighting

Portfolio holdings

Glossary