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

3 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% $ 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

4 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% $ Social Index InstitutionalVFTNX12 /16/ 2112 /17/ 2112/20/21100% $ 0.

5 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.

6 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.

7 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.

8 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 .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

9 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 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

10 GrowthVSMGX12/28/2112/29/2112 / 30/ 2151% $ $ $ $ AllocationVPGDX12/28/2112/29/2112 / 30/ 2165% $ $ $ $ Neutral InstitutionalVMNIX12/22/2112/23/2112/27/ 21100% $ Neutral 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% $ GrowthVMGRX1