EQUITY INCOME PORTFOLIO

Fund Profile

Fund profile

Fund manager

Vanguard Variable Insurance Funds

Total assets

$2.14 bn

Liabilities

$2.05 mm

Net assets

$2.14 bn

Number of holdings

183.00

183 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Broadcom Pte. Ltd.	100.79 mm	434.76 k shares	4.71	Common equity	Long	USA
JPM JPMorgan Chase & Co.	96.37 mm	402.03 k shares	4.50	Common equity	Long	USA
JNJ Johnson & Johnson	57.56 mm	398.00 k shares	2.69	Common equity	Long	USA
MRK Merck & Co., Inc.	55.74 mm	560.30 k shares	2.60	Common equity	Long	USA
Vanguard Market Liquidity Fund	50.84 mm	50.84 mm shares	2.38	Short-term investment vehicle	Long	USA
COP ConocoPhillips	47.02 mm	474.09 k shares	2.20	Common equity	Long	USA
CSCO Cisco Systems, Inc.	46.62 mm	787.54 k shares	2.18	Common equity	Long	USA
BAC Bank of America Corporation	44.69 mm	1.02 mm shares	2.09	Common equity	Long	USA
GILD Gilead Sciences, Inc.	43.69 mm	473.01 k shares	2.04	Common equity	Long	USA
PFE Pfizer Inc.	37.35 mm	1.41 mm shares	1.75	Common equity	Long	USA
PG The Procter & Gamble Company	34.67 mm	206.81 k shares	1.62	Common equity	Long	USA
AIG American International Group, Inc.	24.64 mm	338.43 k shares	1.15	Common equity	Long	USA
PM Philip Morris International Inc.	24.09 mm	200.19 k shares	1.13	Common equity	Long	USA
PPL PPL Corporation	23.46 mm	722.84 k shares	1.10	Common equity	Long	USA
CTRA Coterra Energy Inc.	23.04 mm	902.12 k shares	1.08	Common equity	Long	USA
MET MetLife, Inc.	22.86 mm	279.13 k shares	1.07	Common equity	Long	USA
RF Regions Financial Corporation	22.84 mm	970.96 k shares	1.07	Common equity	Long	USA
WFC Wells Fargo & Company	22.43 mm	319.31 k shares	1.05	Common equity	Long	USA
QCOM QUALCOMM Incorporated	22.39 mm	145.78 k shares	1.05	Common equity	Long	USA
AEP American Electric Power Company, Inc.	22.32 mm	241.95 k shares	1.04	Common equity	Long	USA
SRE Sempra	22.30 mm	254.18 k shares	1.04	Common equity	Long	USA
MS Morgan Stanley	21.87 mm	173.97 k shares	1.02	Common equity	Long	USA
LHX L3Harris Technologies, Inc.	21.68 mm	103.09 k shares	1.01	Common equity	Long	USA
ADM Archer-Daniels-Midland Company	21.55 mm	426.51 k shares	1.01	Common equity	Long	USA
PCAR PACCAR Inc	21.04 mm	202.26 k shares	0.98	Common equity	Long	USA
PPG PPG Industries, Inc.	20.96 mm	175.45 k shares	0.98	Common equity	Long	USA
KDP Keurig Dr Pepper Inc.	20.70 mm	644.57 k shares	0.97	Common equity	Long	USA
NXPI NXP Semiconductors N.V.	20.52 mm	98.72 k shares	0.96	Common equity	Long	USA
EQT EQT Corporation	20.52 mm	444.94 k shares	0.96	Common equity	Long	USA
ATO Atmos Energy Corporation	19.70 mm	141.45 k shares	0.92	Common equity	Long	USA
RJF Raymond James Financial, Inc.	18.81 mm	121.13 k shares	0.88	Common equity	Long	USA
HON Honeywell International Inc.	18.67 mm	82.65 k shares	0.87	Common equity	Long	USA
CCI Crown Castle Inc.	17.94 mm	197.67 k shares	0.84	Common equity	Long	USA
PERNOD RICARD SA	17.71 mm	156.76 k shares	0.83	Common equity	Long	France
EMR Emerson Electric Co.	17.54 mm	141.52 k shares	0.82	Common equity	Long	USA
TMUS T-Mobile US, Inc.	17.41 mm	78.87 k shares	0.81	Common equity	Long	USA
WMT Walmart Inc.	17.17 mm	190.02 k shares	0.80	Common equity	Long	USA
UNILEVER PLC-ADR	16.86 mm	297.30 k shares	0.79	Common equity	Long	USA
UNH UnitedHealth Group Incorporated	16.69 mm	32.99 k shares	0.78	Common equity	Long	USA
ELV Elevance Health Inc.	16.66 mm	45.17 k shares	0.78	Common equity	Long	USA
XOM Exxon Mobil Corporation	16.65 mm	154.77 k shares	0.78	Common equity	Long	USA
TEL TE Connectivity Ltd.	16.23 mm	113.49 k shares	0.76	Common equity	Long	USA
WY Weyerhaeuser Company	16.18 mm	574.84 k shares	0.76	Common equity	Long	USA
RIO TINTO-ADR	15.70 mm	266.92 k shares	0.73	Common equity	Long	USA
MTB M&T Bank Corporation	15.45 mm	82.20 k shares	0.72	Common equity	Long	USA
KVUE Kenvue Inc.	15.35 mm	718.76 k shares	0.72	Common equity	Long	USA
ROCHE HLDG-GENUS	15.33 mm	54.82 k shares	0.72	Common equity	Long	Switzerland
Johnson Controls Inc	15.31 mm	194.01 k shares	0.72	Common equity	Long	USA
NDAQ Nasdaq, Inc.	15.09 mm	195.25 k shares	0.71	Common equity	Long	USA
WEC WEC Energy Group, Inc.	15.02 mm	159.67 k shares	0.70	Common equity	Long	USA
UPS United Parcel Service, Inc.	14.69 mm	116.53 k shares	0.69	Common equity	Long	USA
GD General Dynamics Corporation	14.37 mm	54.54 k shares	0.67	Common equity	Long	USA
ASTRAZENECA-ADR	14.23 mm	217.14 k shares	0.66	Common equity	Long	USA
BAE SYSTEMS PLC	14.15 mm	986.10 k shares	0.66	Common equity	Long	UK
ARES Ares Management Corporation	13.87 mm	78.35 k shares	0.65	Common equity	Long	USA
TOTALENERGIES SE	13.62 mm	244.39 k shares	0.64	Common equity	Long	France
ACN Accenture plc	13.54 mm	38.50 k shares	0.63	Common equity	Long	USA
GLW Corning Incorporated	13.45 mm	282.94 k shares	0.63	Common equity	Long	USA
MPC Marathon Petroleum Corporation	13.42 mm	96.22 k shares	0.63	Common equity	Long	USA
TSCO Tractor Supply Company	13.25 mm	249.63 k shares	0.62	Common equity	Long	USA
D Dominion Energy, Inc.	13.17 mm	244.51 k shares	0.62	Common equity	Long	USA
HES Hess Corporation	13.12 mm	98.65 k shares	0.61	Common equity	Long	USA
BKNG Booking Holdings Inc.	13.04 mm	2.62 k shares	0.61	Common equity	Long	USA
ES Eversource Energy	12.69 mm	220.93 k shares	0.59	Common equity	Long	USA
HD The Home Depot, Inc.	12.56 mm	32.28 k shares	0.59	Common equity	Long	USA
Intercontinental Exchange, Inc.	12.12 mm	81.34 k shares	0.57	Common equity	Long	USA
PEP PepsiCo, Inc.	12.12 mm	79.70 k shares	0.57	Common equity	Long	USA
NGLS TRI Resources Inc.	12.03 mm	67.37 k shares	0.56	Common equity	Long	USA
RY Royal Bank of Canada	11.93 mm	98.91 k shares	0.56	Common equity	Long	Canada
CAT Caterpillar Inc.	11.60 mm	31.98 k shares	0.54	Common equity	Long	USA
PARIB TRIPARTY MORTGAGE	11.10 mm	11.10 mm principal	0.52	Repurchase agreement	Long	USA
VZ Verizon Communications Inc.	10.77 mm	269.24 k shares	0.50	Common equity	Long	USA
SIEMENS AG-REG	10.62 mm	54.45 k shares	0.50	Common equity	Long	Germany
GOLD Barrick Gold Corporation	10.51 mm	678.10 k shares	0.49	Common equity	Long	USA
INDUSTRIA DE DISENO TEXTIL	10.41 mm	203.15 k shares	0.49	Common equity	Long	Spain
C Citigroup Inc.	10.20 mm	144.92 k shares	0.48	Common equity	Long	USA
CMCSA Comcast Corporation	9.98 mm	265.83 k shares	0.47	Common equity	Long	USA
IEX IDEX Corporation	9.74 mm	46.55 k shares	0.46	Common equity	Long	USA
SBUX Starbucks Corporation	9.72 mm	106.56 k shares	0.45	Common equity	Long	USA
DE Deere & Company	9.65 mm	22.78 k shares	0.45	Common equity	Long	USA
ADP Automatic Data Processing, Inc.	9.48 mm	32.39 k shares	0.44	Common equity	Long	USA
ABBV AbbVie Inc.	9.31 mm	52.38 k shares	0.43	Common equity	Long	USA
BMY Bristol-Myers Squibb Company	9.24 mm	163.43 k shares	0.43	Common equity	Long	USA
UNP Union Pacific Corporation	9.07 mm	39.78 k shares	0.42	Common equity	Long	USA
LOW Lowe's Companies, Inc.	8.70 mm	35.26 k shares	0.41	Common equity	Long	USA
LMT Lockheed Martin Corporation	8.05 mm	16.56 k shares	0.38	Common equity	Long	USA
OMC Omnicom Group Inc.	8.00 mm	93.03 k shares	0.37	Common equity	Long	USA
MO Altria Group, Inc.	8.00 mm	152.93 k shares	0.37	Common equity	Long	USA
NKE NIKE, Inc.	7.92 mm	104.62 k shares	0.37	Common equity	Long	USA
CNI Canadian National Railway Company	7.68 mm	75.66 k shares	0.36	Common equity	Long	Canada
DUK Duke Energy Corporation	7.19 mm	66.71 k shares	0.34	Common equity	Long	USA
Cigna Holding Co	7.09 mm	25.66 k shares	0.33	Common equity	Long	USA
MDLZ Mondelez International, Inc.	6.84 mm	114.53 k shares	0.32	Common equity	Long	USA
NOC Northrop Grumman Corporation	6.79 mm	14.47 k shares	0.32	Common equity	Long	USA
CVX Chevron Corporation	6.66 mm	45.98 k shares	0.31	Common equity	Long	USA
EOG EOG Resources, Inc.	6.52 mm	53.22 k shares	0.30	Common equity	Long	USA
KR The Kroger Co.	6.39 mm	104.54 k shares	0.30	Common equity	Long	USA
KO The Coca-Cola Company	6.34 mm	101.90 k shares	0.30	Common equity	Long	USA
MMM 3M Company	6.17 mm	47.77 k shares	0.29	Common equity	Long	USA
VST Vistra Corp.	6.11 mm	44.31 k shares	0.29	Common equity	Long	USA
KIOR Kior Inc	6.08 mm	79.16 k shares	0.28	Common equity	Long	USA
STT State Street Corporation	5.86 mm	59.74 k shares	0.27	Common equity	Long	USA
EBAY eBay Inc.	5.57 mm	89.90 k shares	0.26	Common equity	Long	USA
SYF Synchrony Financial	5.53 mm	85.15 k shares	0.26	Common equity	Long	USA
HIG The Hartford Financial Services Group, Inc.	5.50 mm	50.29 k shares	0.26	Common equity	Long	USA
EXC Exelon Corporation	5.37 mm	142.55 k shares	0.25	Common equity	Long	USA
AMP Ameriprise Financial, Inc.	5.14 mm	9.65 k shares	0.24	Common equity	Long	USA
NRG NRG Energy, Inc.	4.98 mm	55.18 k shares	0.23	Common equity	Long	USA
EIX Edison International	4.92 mm	61.56 k shares	0.23	Common equity	Long	USA
EVRG Evergy, Inc.	4.80 mm	78.03 k shares	0.22	Common equity	Long	USA
SLB Schlumberger Limited	4.79 mm	124.97 k shares	0.22	Common equity	Long	USA
VLO Valero Energy Corporation	4.74 mm	38.67 k shares	0.22	Common equity	Long	USA
MCD McDonald's Corporation	4.72 mm	16.29 k shares	0.22	Common equity	Long	USA
TGNA TEGNA Inc.	4.67 mm	255.45 k shares	0.22	Common equity	Long	USA
NFG National Fuel Gas Company	4.55 mm	74.98 k shares	0.21	Common equity	Long	USA
CNO CNO Financial Group, Inc. 5.125	4.54 mm	121.92 k shares	0.21	Common equity	Long	USA
AGO Assured Guaranty Ltd.	4.48 mm	49.75 k shares	0.21	Common equity	Long	USA
EG Everest Re Group, Ltd.	4.46 mm	12.31 k shares	0.21	Common equity	Long	USA
MTG MGIC Investment Corporation	4.39 mm	185.35 k shares	0.21	Common equity	Long	USA
TNL Travel + Leisure Co.	4.35 mm	86.22 k shares	0.20	Common equity	Long	USA
RS Reliance Steel & Aluminum Co.	4.25 mm	15.80 k shares	0.20	Common equity	Long	USA
BPOP Popular, Inc.	4.17 mm	44.28 k shares	0.19	Common equity	Long	USA
DOX Amdocs Limited	4.15 mm	48.80 k shares	0.19	Common equity	Long	USA
PHIN PHINIA Inc.	4.13 mm	85.73 k shares	0.19	Common equity	Long	USA
ABT Abbott Laboratories	4.07 mm	36.02 k shares	0.19	Common equity	Long	USA
IBM International Business Machines Corporation	4.04 mm	18.36 k shares	0.19	Common equity	Long	USA
STNG Scorpio Tankers Inc.	4.03 mm	81.17 k shares	0.19	Common equity	Long	USA
VOYA Voya Financial, Inc.	4.01 mm	58.30 k shares	0.19	Common equity	Long	USA
APOG Apogee Enterprises, Inc.	3.99 mm	55.89 k shares	0.19	Common equity	Long	USA
STX Seagate Technology Holdings plc	3.97 mm	45.99 k shares	0.19	Common equity	Long	USA
OVV Ovintiv Inc.	3.97 mm	97.95 k shares	0.19	Common equity	Long	USA
SLM SLM Corporation	3.95 mm	143.15 k shares	0.18	Common equity	Long	USA
COF Capital One Financial Corporation	3.92 mm	22.00 k shares	0.18	Common equity	Long	USA
HRB H&R Block, Inc.	3.92 mm	74.13 k shares	0.18	Common equity	Long	USA
ESNT Essent Group Ltd.	3.91 mm	71.86 k shares	0.18	Common equity	Long	USA
OSK Oshkosh Corporation	3.89 mm	40.96 k shares	0.18	Common equity	Long	USA
LEA Lear Corporation	3.87 mm	40.87 k shares	0.18	Common equity	Long	USA
NOMD Nomad Foods Limited	3.81 mm	227.01 k shares	0.18	Common equity	Long	USA
HAL Halliburton Company	3.58 mm	131.49 k shares	0.17	Common equity	Long	USA
TXN Texas Instruments Incorporated	3.29 mm	17.53 k shares	0.15	Common equity	Long	USA
CVS CVS Health Corporation	3.21 mm	71.50 k shares	0.15	Common equity	Long	USA
AFL Aflac Incorporated	3.08 mm	29.80 k shares	0.14	Common equity	Long	USA
MAN ManpowerGroup Inc.	2.98 mm	51.70 k shares	0.14	Common equity	Long	USA
CB Chubb Limited	2.97 mm	10.75 k shares	0.14	Common equity	Long	USA
KLG WK Kellogg Co	2.96 mm	164.41 k shares	0.14	Common equity	Long	USA
R Ryder System, Inc.	2.94 mm	18.76 k shares	0.14	Common equity	Long	USA
BBWI Bath & Body Works, Inc.	2.85 mm	73.47 k shares	0.13	Common equity	Long	USA
TGT Target Corporation	2.79 mm	20.65 k shares	0.13	Common equity	Long	USA
NEE NextEra Energy, Inc.	2.79 mm	38.85 k shares	0.13	Common equity	Long	USA
XP XP Inc.	2.62 mm	221.26 k shares	0.12	Common equity	Long	USA
GS The Goldman Sachs Group, Inc.	2.52 mm	4.40 k shares	0.12	Common equity	Long	USA
RTX RTX Corporation	2.46 mm	21.23 k shares	0.11	Common equity	Long	USA
T AT&T Inc.	2.42 mm	106.45 k shares	0.11	Common equity	Long	USA
SLVM Sylvamo Corporation	2.30 mm	29.17 k shares	0.11	Common equity	Long	USA
AMGN Amgen Inc.	2.15 mm	8.26 k shares	0.10	Common equity	Long	USA
BLACKROCK INC	2.06 mm	2.01 k shares	0.10	Common equity	Long	USA
CIVI Civitas Resources, Inc.	1.98 mm	43.25 k shares	0.09	Common equity	Long	USA
APA APA Corporation	1.95 mm	84.44 k shares	0.09	Common equity	Long	USA
ZION Zions Bancorporation, National Association	1.94 mm	35.77 k shares	0.09	Common equity	Long	USA
HWC Hancock Whitney Corporation - 6	1.91 mm	34.93 k shares	0.09	Common equity	Long	USA
NTAP NetApp, Inc.	1.88 mm	16.18 k shares	0.09	Common equity	Long	USA
WS Worthington Steel, Inc.	1.83 mm	57.63 k shares	0.09	Common equity	Long	USA
PSX Phillips 66	1.76 mm	15.42 k shares	0.08	Common equity	Long	USA
WM Waste Management, Inc.	1.73 mm	8.60 k shares	0.08	Common equity	Long	USA
DTE DTE Energy Company	1.71 mm	14.16 k shares	0.08	Common equity	Long	USA
PGR The Progressive Corporation	1.66 mm	6.92 k shares	0.08	Common equity	Long	USA
LYB LyondellBasell Industries N.V.	1.54 mm	20.70 k shares	0.07	Common equity	Long	USA
Eaton Corp. Plc	1.46 mm	4.39 k shares	0.07	Common equity	Long	USA
FDP Fresh Del Monte Produce Inc.	1.23 mm	37.02 k shares	0.06	Common equity	Long	USA
PAG Penske Automotive Group, Inc.	1.09 mm	7.17 k shares	0.05	Common equity	Long	USA
STLD Steel Dynamics, Inc.	892.71 k	7.83 k shares	0.04	Common equity	Long	USA
MDT Medtronic plc	855.59 k	10.71 k shares	0.04	Common equity	Long	USA
BX Blackstone Inc.	826.24 k	4.79 k shares	0.04	Common equity	Long	USA
FBP First BanCorp.	814.33 k	43.81 k shares	0.04	Common equity	Long	USA
DDS Dillard's, Inc.	807.79 k	1.87 k shares	0.04	Common equity	Long	USA
FDX FedEx Corporation	692.63 k	2.46 k shares	0.03	Common equity	Long	USA
ADI Analog Devices, Inc.	640.35 k	3.01 k shares	0.03	Common equity	Long	USA
UNM Unum Group	298.62 k	4.09 k shares	0.01	Common equity	Long	USA
GIS General Mills, Inc.	229.19 k	3.59 k shares	0.01	Common equity	Long	USA
SWKS Skyworks Solutions, Inc.	214.96 k	2.42 k shares	0.01	Common equity	Long	USA
CSGS CSG Systems International, Inc.	199.53 k	3.90 k shares	0.01	Common equity	Long	USA
Vanguard Market Liquidity Fund	7.64 k	76.41 shares	0.00	Short-term investment vehicle	Long	USA
S&P500 EMINI FUT Mar25	-1.71 mm	181.00 contracts	-0.08	Equity derivative	N/A	N/A