Transcription of Vanguard Inflation-Protected Securities Fund
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Vanguard Inflation-Protected Securities Fund
Vanguard Inflation-Protected Securities FundAnnual Report | December 31, 2017 ContentsPlease note: The opinions expressed in this report are just that informed opinions. They should not be considered promisesor advice. Also, please keep in mind that the information and opinions cover the period through the date on the front of thisreport. Of course, the risks of investing in your fund are spelled out in the the Glossary for definitions of investment terms used in this the cover: Nautical images have been part of Vanguard s rich heritage since its start in 1975. For anincoming ship, a lighthouse offers a beacon and safe path to shore. You can similarly depend on Vanguard to putyou first and light the way as you strive to meet your financial goals. Our client focus and low costs,stemming from our unique ownership structure, assure that your interests are paramount.
Dear Shareholder, Lately I’ve been asked a lot about my legacy. And candidly, that phrase bugs me—it isn’t my legacy. Vanguard’s success is a result of thousands of
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