1 Vanguard
Consumer Discretionary
ETF (VCR) 2 Vanguard
Consumer Staples
ETF (VDC) 3 Vanguard Dividend Appreciation
ETF (VIG) 4 Vanguard
Emerging Markets Stock
ETF (VWO) 5 Vanguard Energy
ETF (VDE) 6 Vanguard Europe Pacific
ETF (VEA) 7 Vanguard European
ETF (VGK) 8 Vanguard Extended Dur Trs Idx
ETF (EDV) 9 Vanguard Extended
Market Index
ETF (VXF) 10 Vanguard Financials
ETF (VFH) 11 Vanguard FTSE All - World ex-US
ETF (VEU) 12 Vanguard FTSE All - Wld ex-US SmCp Idx
ETF (VSS) 13 Vanguard Growth
ETF (VUG) 14 Vanguard Health Care
ETF (VHT) 15 Vanguard High Dividend Yield Indx
ETF (VYM) 16 Vanguard Industrials
ETF (VIS) 17 Vanguard Information Technology
ETF (VGT) 18 Vanguard Intermediate - Term Bond
ETF (BIV) 19 Vanguard Interm - Tm Corp Bd Idx
ETF (VCIT) 20 Vanguard Interm - Tm Govt Bd Idx
ETF (VGIT) 21 Vanguard Large Cap
ETF (VV) 22 Vanguard Long - Term Bond Index
ETF (BLV) 23 Vanguard Long - Term Corp Bond Idx
ETF (VCLT) 24 Vanguard Long - Term Govt Bd Idx
ETF (VGLT) 25 Vanguard Materials
ETF (VAW) 26 Vanguard Mega Cap 300 Index
ETF (MGC) 27 Vanguard Mega Cap 300 Gr Index
ETF (MGK) 28 Vanguard Mega Cap 300 Value Index
ETF (MGV) 29 Vanguard Mid Cap
ETF (VO) 30 Vanguard Mid-Cap Growth
ETF (VOT) 31 Vanguard Mid-Cap Value
ETF (VOE) 32 Vanguard Mortgage - Backed Sec Idx
ETF (VMBS) 33 Vanguard Pacific Stock
ETF (VPL) 34 Vanguard REIT Index
ETF (VNQ) 35 Vanguard Short - Term Bond
ETF (BSV) 36 Vanguard Short - Term Corp Bd Idx
ETF (VCSH) 37 Vanguard Short - Term Govt Bd Idx
ETF (VGSH) 38 Vanguard Small Cap
ETF (VB) 39 Vanguard Small Cap Growth
ETF (VBK) 40 Vanguard Small Cap Value
ETF (VBR) 41 Vanguard Telecom Services
ETF (VOX) 42 Vanguard Total Bond
Market ETF (BND) 43 Vanguard Total Stock
Market ETF (VTI) 44 Vanguard Total World Stock Index
ETF (VT).
In the analysis period, the fund held equivalent equity positions in JKE (iShares Morningstar Large - Cap Growth
ETF; average weight of 21.8 %), QQQ (PowerShares QQQ ™
ETF; 17.5 %), JKH (iShares Morningstar Mid-Cap Growth
ETF; 14.4 %), PWC (PowerShares Dynamic
Market Portfolio
ETF; 9.2 %), EEM (iShares MSCI
Emerging Markets ETF; 7.2 %), and VDC (Vanguard
Consumer Staples
ETF; 6.7 %).