Estimated year-end distributions

1 Estimated capital gainsVanguard fundTicker2021 declaration date/record date2021 reinvest/ ex-dividend date2021 payable dateEstimated QDINet income available 12/31/2021 Short-termLong-termTot al% of NAV500 index admiral VFIAX12 /17/ 2112/20/2112/21/2199% $ index Institutional SelectVFFSX12 /17/ 2112/20/2112/21/2199% $ index InvestorVFINX12 /17/ 2112/20/2112/21/2199% $ Select Dividend Growth AdmiralVADGX12 /17/ 2112/20/2112/21/2195% $ Select Global Value AdmiralVAGV X12 /17/ 2112/20/2112/21/2195% $ Select International Growth AdmiralVAIGX12 /17/ 2112/20/2112/21/2195% $ StrategiesVASFX12 /17/ 2112/20/2112/21/21100% $ index AdmiralVBIAX12/28/2112/29/2112 / 30/ 2153% $ $ $ $ 4%Balanced index InstitutionalVBAIX12/28/2112/29/2112 / 30/ 2153% $ $ $ $ 4%Balanced index InvestorVBINX12/28/2112/29/2112 / 30/ 2153% $ $ $ $ 4%Capital Opportunity AdmiralVHCAX12 /17/ 2112/20/2112/21/21100% $ $ $ $ Opportunity InvestorVHCOX12 /17/ 2112/20/2112/21/21100% $ $ $ 8.

2 13 $ StrategyVCMDX12 /17/ 2112/20/2112/21/21NA $ Services index AdmiralVTCAX12 /14 / 2112 /15/ 2112 /16/ 21100% $ Discretionary index AdmiralVCDAX12 /14 / 2112 /15/ 2112 /16/ 21100% $ Staples index AdmiralVCSAX12 /14 / 2112 /15/ 2112 /16/ 21100% $ Markets index AdmiralVTMGX12 /16/ 2112 /17/ 2112/20/2185% $ Markets index InstitutionalVTMNX12 /16/ 2112 /17/ 2112/20/2185% $ Markets index Institutional PlusVDIPX12 /16/ 2112 /17/ 2112/20/2185% $ Markets index InvestorVDVIX12 /16/ 2112 /17/ 2112/20/2185% $ EquityVDEQX12/28/2112/29/2112 / 30/ 21100% $ $ $ 3$ Appreciation index AdmiralVDADX12 /16/ 2112 /17/ 2112/20/21100% $ GrowthVDIGX12/28/2112/29/2112 / 30/ 21100% $ $ $ $ Markets Select StockVMMSX12 /17/ 2112/20/2112/21/2189% $ $ $ $ 4%Emerging Markets Stock index AdmiralVEMAX12 /16/ 2112 /17/ 2112/20/2140% $ Markets Stock index InstitutionalVEMIX12 /16/ 2112 /17/ 2112/20/2140% $ Markets Stock index Institutional PlusVEMRX12 /16/ 2112 /17/ 2112/20/2140% $ Markets Stock index InvestorVEIEX12 /16/ 2112 /17/ 2112/20/2140% $ Estimated year-end distributions | 2021 Estimated year-end distributionsStock and balanced fundsEstimated capital gainsVanguard fundTicker2021 declaration date/record date2021 reinvest/ ex-dividend date2021 payable dateEstimated QDINet income available 12/31/2021 Short-termLong-termTot al% of NAVE nergy AdmiralVGELX12/28/2112/29/2112 / 30/ 2196% $ InvestorVGENX12/28/2112/29/2112 / 30/ 2196% $

3 index AdmiralVENAX12 /14 / 2112 /15/ 2112 /16/ 2199% $ Income AdmiralVEIRX12 /16/ 2112 /17/ 2112/20/21100% $ $ $ $ Income InvestorVEIPX12 /16/ 2112 /17/ 2112/20/21100% $ $ $ $ Stock index AdmiralVEUSX12 /16/ 2112 /17/ 2112/20/2192% $ Stock index InstitutionalVESIX12 /16/ 2112 /17/ 2112/20/2192% $ Stock index Institutional PlusVEUPX12 /16/ 2112 /17/ 2112/20/2192% $ Stock index InvestorVEURX12 /16/ 2112 /17/ 2112/20/2192% $ AdmiralVEXRX12 /17/ 2112/20/2112/21/21100% $ $ $ $ InvestorVEXPX12 /17/ 2112/20/2112/21/21100% $ $ $ $ Value VEVFX12 /14 / 2112 /15/ 2112 /16/ 21100% $ $ $ $ 4 Market index AdmiralVEXAX12/22/2112/23/2112/27/2179% $ Market index InstitutionalVIEIX12/22/2112/23/2112/27/ 2179% $ Market index Institutional PlusVEMPX12/22/2112/23/2112/27/2179% $ Market index Institutional SelectVSEMX12/22/2112/23/2112/27/2179% $ Market index InvestorVEXMX12/22/2112/23/2112/27/2179% $ index AdmiralVFAIX12 /14 / 2112 /15/ 2112 /16/ 21100% $ All-World ex-US index AdmiralVFWAX12 /16/ 2112 /17/ 2112/20/2177% $ All-World ex-US index InstitutionalVFWSX12 /16/ 2112 /17/ 2112/20/2177% $ All-World ex-US index Institutional PlusVFWPX12 /16/ 2112 /17/ 2112/20/2177% $ All-World ex-US Small-Cap index AdmiralVFSAX12 /16/ 2112 /17/ 2112/20/2161% $ All-World ex-US Small-Cap index InstitutionalVFSNX12 /16/ 2112 /17/ 2112/20/2161% $ Social index AdmiralVF TA X12 /16/ 2112 /17/ 2112/20/21100% $

4 Social index InstitutionalVFTNX12 /16/ 2112 /17/ 2112/20/21100% $ 0 .11 Capital CyclesVGPMX12/28/2112/29/2112 / 30/ 2188% $ EquityVHGEX12 /16/ 2112 /17/ 2112/20/21100% $ $ $ $ ESG Select Stock AdmiralVESGX12/28/2112/29/2112 / 30/ 21100% $ $ $ 0 .11 $ ESG Select Stock InvestorVEIGX12/28/2112/29/2112 / 30/ 21100% $ $ $ $ Real Estate index AdmiralVGRLX12 /17/ 2112/20/2112/21/2114% $ Real Estate index InstitutionalVGRNX12 /17/ 2112/20/2112/21/2114% $ Minimum Volatility AdmiralVMNVX12 /14 / 2112 /15/ 2112 /16/ 21100% $ Minimum Volatility InvestorVMVFX12 /14 / 2112 /15/ 2112 /16/ 21100% $ Wellesley Income AdmiralVGYA X12 /16/ 2112 /17/ 2112/20/2149% $ Wellesley Income InvestorVGWIX12 /16/ 2112 /17/ 2112/20/2149% $ 0.

5 11 Estimated year-end distributions | 2021 Estimated capital gainsVanguard fundTicker2021 declaration date/record date2021 reinvest/ ex-dividend date2021 payable dateEstimated QDINet income available 12/31/2021 Short-termLong-termTot al% of NAVG lobal Wellington AdmiralVGWAX12 /16/ 2112 /17/ 2112/20/2181% $ $ $ $ Wellington InvestorVGWLX12 /16/ 2112 /17/ 2112/20/2181% $ 0 .11 $ $ $ and Income AdmiralVGIAX12 /17/ 2112/20/2112/21/21100% $ $ $ $ 8%Growth and Income InvestorVQNPX12 /17/ 2112/20/2112/21/21100% $ $ $ $ 8%Growth index AdmiralVIGAX12/22/2112/23/2112/27/2199% $ index InstitutionalVIGIX12/22/2112/23/2112/27/ 2199% $ index InvestorVIGRX12/22/2112/23/2112/27/2199% $ Care AdmiralVGHAX12/28/2112/29/2112 / 30/ 21100% $ $ $ $ 6.

6 15%Health Care InvestorVGHCX12/28/2112/29/2112 / 30/ 21100% $ $ $ $ 6 .15%Health Care index AdmiralVHCIX12 /14 / 2112 /15/ 2112 /16/ 21100% $ Dividend Yield index AdmiralVHYAX12 /16/ 2112 /17/ 2112/20/21100% $ index AdmiralVINAX12 /14 / 2112 /15/ 2112 /16/ 21100% $ Technology index AdmiralVITA X12 /14 / 2112 /15/ 2112 /16/ 21100% $ index InstitutionalVINIX12/28/2112/29/2112 / 30/ 21100% $ 3 $ $ $ index Institutional PlusVIIIX12/28/2112/29/2112 / 30/ 21100% $ 3 $ $ $ Target Retirement 2015 VITVX12/28/2112/29/2112 / 30/ 2128% $ $ $ $ Target Retirement 2020 VITWX12/28/2112/29/2112 / 30/ 2141% $ $ $ $ 2. 01%Institutional Target Retirement 2025 VRIVX12/28/2112/29/2112 / 30/ 2151% $ $ $ $ Target Retirement 2030 VTTWX12/28/2112/29/2112 / 30/ 2158% $ $ $ $ Target Retirement 2035 VITFX12/28/2112/29/2112 / 30/ 216 4% $ $ $ $ Target Retirement 2040 VIRSX12/28/2112/29/2112 / 30/ 2170% $ $ $ $ Target Retirement 2045 VITLX12/28/2112/29/2112 / 30/ 2176% $ $ $ $ 0.

7 11 Target Retirement 2050 VTRLX12/28/2112/29/2112 / 30/ 2178% $ $ $ $ Target Retirement 2055 VIVLX12/28/2112/29/2112 / 30/ 2178% $ $ $ $ Target Retirement 2060 VILV X12/28/2112/29/2112 / 30/ 2178% $ $ $ $ 0 . 21%Institutional Target Retirement 2065 VSXFX12/28/2112/29/2112 / 30/ 2178% $ $ $ $ Target Retirement IncomeVITRX12/28/2112/29/2112 / 30/ 2126% $ $ $ $ 3%Institutional total Stock Market index InstitutionalVITNX12/28/2112/29/2112 / 30/ 2197% $ $ $ $ total Stock Market index Institutional PlusVITPX12/28/2112/29/2112 / 30/ 2197% $ $ $ $ Core Stock AdmiralVZICX12 /16/ 2112 /17/ 2112/20/2181% $ $ $ Core Stock InvestorVWICX12 /16/ 2112 /17/ 2112/20/2181% $ $ $ Dividend Appreciation index AdmiralVIAAX12 /16/ 2112 /17/ 2112/20/2189% $ $ $ $ Estimated year-end distributions | 2021 Estimated capital gainsVanguard fundTicker2021 declaration date/record date2021 reinvest/ ex-dividend date2021 payable dateEstimated QDINet income available 12/31/2021

8 Short-termLong-termTot al% of NAVI nternational ExplorerVINEX12 /17/ 2112/20/2112/21/219 4% $ $ $ $ Growth AdmiralVWILX12 /14 / 2112 /15/ 2112 /16/ 21100% $ $ 4 $ $17. 9 8 Growth InvestorVWIGX12 /14 / 2112 /15/ 2112 /16/ 21100% $ $ $ $ High Dividend Yield index AdmiralVIHAX12 /16/ 2112 /17/ 2112/20/2172% $ ValueVTRIX12 /17/ 2112/20/2112/21/2198% $ $ $ index AdmiralVLCAX12/22/2112/23/2112/27/21100% $ index InstitutionalVLISX12/22/2112/23/2112/27/ 21100% $ index InvestorVLACX12/22/2112/23/2112/27/21100 % $ Conservative GrowthVSCGX12/28/2112/29/2112 / 30/ 2133% $ $ $ $ GrowthVASGX12/28/2112/29/2112 / 30/ 2168% $ $ $ $ IncomeVASIX12/28/2112/29/2112 / 30/ 2116% $ $ $ $ 3%LifeStrategy Moderate GrowthVSMGX12/28/2112/29/2112 / 30/ 2151% $ $ $ $ AllocationVPGDX12/28/2112/29/2112 / 30/ 2165% $ $ $ $ Neutral InstitutionalVMNIX12/22/2112/23/2112/27/ 21100% $ Neutral

9 InvestorVMNFX12/22/2112/23/2112/27/21100 % $ index AdmiralVMIAX12 /14 / 2112 /15/ 2112 /16/ 21100% $ Cap index InstitutionalVMCTX12/22/2112/23/2112/27/ 21100% $ Cap Growth index InstitutionalVMGAX12/22/2112/23/2112/27/ 21100% $ Cap Value index InstitutionalVMVLX12/22/2112/23/2112/27/ 21100% $ GrowthVMGRX12 /17/ 2112/20/2112/21/21100% $ $ $ $ index AdmiralVIMAX12/22/2112/23/2112/27/2185% $ index InstitutionalVMCIX12/22/2112/23/2112/27/ 2185% $ index Institutional PlusVMCPX12/22/2112/23/2112/27/2185% $ index InvestorVIMSX12/22/2112/23/2112/27/2185% $ Growth index AdmiralVMGMX12/22/2112/23/2112/27/2198% $ Growth index InvestorVMGIX12/22/2112/23/2112/27/2198% $ Value index AdmiralVMVA X12/22/2112/23/2112/27/2189% $ Value index InvestorVMVIX12/22/2112/23/2112/27/2189% $ Stock index AdmiralVPADX12 /16/ 2112 /17/ 2112/20/2182% $ Stock index InstitutionalVPKIX12 /16/ 2112 /17/ 2112/20/2182% $ Stock index InvestorVPACX12 /16/ 2112 /17/ 2112/20/2182% $ AdmiralVPMAX12 /17/ 2112/20/2112/21/21100% $ $ $ $ InvestorVPMCX12 /17/ 2112/20/2112/21/21100% $ $ $ $ CoreVPCCX12 /17/ 2112/20/2112/21/21100% $ $ $ $ Estate index AdmiralVGSLX12/22/2112/23/2112/27/210% $ Estate index InstitutionalVGSNX12/22/2112/23/2112/27/ 210% $ Estate index InvestorVGSIX12/22/2112/23/2112/27/210% $ Estate II IndexVRTPX12/22/2112/23/2112/27/210% $ 1000 index

10 InstitutionalVRNIX12 /14 / 2112 /15/ 2112 /16/ 21100% $ 8 1000 Growth index InstitutionalVRGWX12 /14 / 2112 /15/ 2112 /16/ 21100% $ 0 Estimated year-end distributions | 2021 Estimated capital gainsVanguard fundTicker2021 declaration date/record date2021 reinvest/ ex-dividend date2021 payable dateEstimated QDINet income available 12/31/2021 Short-termLong-termTot al% of NAVR ussell 1000 Value index InstitutionalVRVIX12 /14 / 2112 /15/ 2112 /16/ 21100% $ 3 2000 index InstitutionalVRTIX12 /14 / 2112 /15/ 2112 /16/ 2180% $ 2000 Growth index InstitutionalVRTGX12 /14 / 2112 /15/ 2112 /16/ 21100% $ 2000 Value index InstitutionalVRTVX12 /14 / 2112 /15/ 2112 /16/ 2178% $ 3000 index InstitutionalVRTTX12 /14 / 2112 /15/ 2112 /16/ 21100% $ 500 Growth index InstitutionalVSPGX12 /17/ 2112/20/2112/21/21100% $ 500 Value index InstitutionalVSPVX12 /17/ 2112/20/2112/21/21100% $ Mid-Cap 400 index InstitutionalVSPMX12 /17/ 2112/20/2112/21/2188% $ 4 Mid-Cap 400 Growth index InstitutionalVMFGX12 /17/ 2112/20/2112/21/21100% $ 4 Mid-Cap 400 Value index InstitutionalVMFVX12 /17/ 2112/20/2112/21/2188% $ Small-Cap 600 index InstitutionalVSMSX12 /17/ 2112/20/2112/21/2183% $ Small-Cap 600 Value index InstitutionalVSMVX12 /17/ 2112/20/2112/21/2181% $ ValueVASV X12 /17/ 2112/20/2112/21/21100% $ $ $ $ index AdmiralVSMAX12/22/2112/23/2112/27/2191% $ index InstitutionalVSCIX12/22/2112/23/2112/27/ 2191% $ index Institutional PlusVSCPX12/