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Vanguard® Variable Insurance Fund - Diversified …

Vanguard Variable Insurance fund - Diversified value PortfolioRelease ValueInvestment Objective & StrategyThe investment seeks to provide long-term capital appreciation and income. The portfolio invests mainly in large- and mid-size companies whose stocks are considered by the advisor to be undervalued. Undervalued stocks are generally those that are out of favor with investors and that the advisor believes are trading at prices that are below average in relation to such measures as earnings and book value . These stocks often have above-average dividend and RiskVolatilityas of 09-30-18 LowModerateHighInvestmentCategoryRisk Measures as of 09-30-18 Port AvgRel S&P 500 Rel Cat3 Yr Std Yr RisksLoss of Money, Not FDIC Insured, Market/Market Volatility,Equity Securities, Management, portfolio DiversificationImportant InformationMorningstar Investment Profiles must be accompaniedby Morningstar Disclosure and Glossary.

Vanguard® Variable Insurance Fund - Diversified Value Portfolio Release Date 03-31-18 ...

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