Vanguard Variable Annuity - Moderate Allocation Portfolio
Holdings

Asset Allocation as of 11/30/2017


Fund Characteristics as of 11/30/2017
 VVA-Moderate AllocationModerate Allocation Composite Index*
Fund Total Net Assets$372.5 million

Allocation To Underlying Funds as of 11/30/2017
Ranking By PercentageFundPercentage
1Vanguard Variable Insurance Fund - Equity Index Portfolio 29.9%
2Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio 27.9%
3Vanguard Total International Stock Market Index Fund Admiral Shares 23.8%
4Vanguard Total International Bond Index Fund Admiral Shares 12.0%
5Vanguard Extended Market Index Admiral Shares 6.4%
Total100.0%

* Weighted 42% S&P Total Market Index, 32% Bloomberg Barclays U.S. Aggregate Float Adjusted Index, 18% FTSE Global All Cap ex US Index, and 8% Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index as of June 3, 2013. Previously, the composite was 42% S&P Total Market Index, 40% Barclays U.S. Aggregate Float Adjusted Index, and 18% MSCI ACWI ex USA IMI Index. International stock benchmark returns are adjusted for withholding taxes.

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