Preliminary year-end distributions - Vanguard

1 1 Preliminary fund distributions | 2020 Vanguard fundTicker2020 declaration date/record date2020 ex-dividend date2020 payable dateTotal per-share capital gains estimate% of NAVB alanced index admiral VBIAX12/28/2012/29/2012 / 30/ 20$ index InstitutionalVBAIX12/28/2012/29/2012 / 30/ 20$ index InvestorVBINX12/28/2012/29/2012 / 30/ 20$ Opportunity admiral VHCAX12 /18/ 2012/21/2012/22/20$ Opportunity InvestorVHCOX12 /18/ 2012/21/2012/22/20$ EquityVDEQX12/29/2012 / 30/ 2012 / 31/ 20$ GrowthVDIGX12/28/2012/29/2012 / 30/ 20$ Income AdmiralVEIRX12 /17/ 2012 /18/ 2012/21/20$ 0 .11%Equity Income InvestorVEIPX12 /17/ 2012 /18/ 2012/21/20$ 0 .11%Explorer admiral VEXRX12 /18/ 2012/21/2012/22/20$ 8 .16 7. 24%Explorer InvestorVEXPX12 /18/ 2012/21/2012/22/20$ 7. 24%Global EquityVHGEX12 /17/ 2012 /18/ 2012/21/20$ ESG Select Stock AdmiralVESGX12/28/2012/29/2012 / 30/ 20$ ESG Select Stock InvestorVEIGX12/28/2012/29/2012 / 30/ 20$ and Income AdmiralVGIAX12 /18/ 2012/21/2012/22/20$ and Income InvestorVQNPX12 /18/ 2012/21/2012/22/20$ Care admiral VGHAX12 /17/ 2012 /18/ 2012/21/20$ Care InvestorVGHCX12 /17/ 2012 /18/ 2012/21/20$11.

2 0 2 index InstitutionalVINIX12/28/2012/29/2012 / 30/ 20$ index Institutional PlusVIIIX12/28/2012/29/2012 / 30/ 20$ Target Retirement 2015 VITVX12/29/2012 / 30/ 2012 / 31/ 20$ 3%Institutional Target Retirement 2020 VITWX12/29/2012 / 30/ 2012 / 31/ 20$ Target Retirement 2025 VRIVX12/29/2012 / 30/ 2012 / 31/ 20$ Target Retirement 2030 VTTWX12/29/2012 / 30/ 2012 / 31/ 20$ Target Retirement 2035 VITFX12/29/2012 / 30/ 2012 / 31/ 20$ Target Retirement 2040 VIRSX12/29/2012 / 30/ 2012 / 31/ 20$ Target Retirement 2045 VITLX12/29/2012 / 30/ 2012 / 31/ 20$ Target Retirement 2050 VTRLX12/29/2012 / 30/ 2012 / 31/ 20$ Target Retirement 2055 VIVLX12/29/2012 / 30/ 2012 / 31/ 20$ Target Retirement 2060 VILV X12/29/2012 / 30/ 2012 / 31/ 20$ Target Retirement 2065 VSXFX12/29/2012 / 30/ 2012 / 31/ 20$ Target Retirement IncomeVITRX12/29/2012 / 30/ 2012 / 31/ 20$ Total Stock Market index InstitutionalVITNX12/28/2012/29/2012 / 30/ 20$ 7.

3 9 2%Institutional Total Stock Market index Institutional PlusVITPX12/28/2012/29/2012 / 30/ 20$ 7. 9 2%International Growth AdmiralVWILX12 /15/ 2012 /16/ 2012 /17/ 20$ 4%International Growth InvestorVWIGX12 /15/ 2012 /16/ 2012 /17/ 20$ 4% Preliminary year-end distributionsStock and balanced funds2 Preliminary fund distributions | 2020 Vanguard fundTicker2020 declaration date/record date2020 ex-dividend date2020 payable dateTotal per-share capital gains estimate% of NAVLifeStrategy Conservative GrowthVSCGX12/29/2012 / 30/ 2012 / 31/ 20$ GrowthVASGX12/29/2012 / 30/ 2012 / 31/ 20$ 2. 01%LifeStrategy IncomeVASIX12/29/2012 / 30/ 2012 / 31/ 20$ Moderate GrowthVSMGX12/29/2012 / 30/ 2012 / 31/ 20$ 4%Mid-Cap GrowthVMGRX12 /18/ 2012/21/2012/22/20$ 6 . 61%PRIMECAP admiral VPMAX12 /18/ 2012/21/2012/22/20$ InvestorVPMCX12 /18/ 2012/21/2012/22/20$ CoreVPCCX12 /18/ 2012/21/2012/22/20$ ValueVASV X12 /18/ 2012/21/2012/22/20$ VGSTX12/29/2012 / 30/ 2012 / 31/ 20$ 4 EquityVSEQX12 /17/ 2012 /18/ 2012/21/20$ Retirement 2015 VTXVX12/29/2012 / 30/ 2012 / 31/ 20$ Retirement 2020 VTWNX12/29/2012 / 30/ 2012 / 31/ 20$ 4.

4 41%Target Retirement 2025 VTTVX12/29/2012 / 30/ 2012 / 31/ 20$ Retirement 2030 VTHRX12/29/2012 / 30/ 2012 / 31/ 20$ Retirement 2035 VTTHX12/29/2012 / 30/ 2012 / 31/ 20$ Retirement 2040 VFORX12/29/2012 / 30/ 2012 / 31/ 20$ Retirement 2045 VTIVX12/29/2012 / 30/ 2012 / 31/ 20$ Retirement 2050 VFIFX12/29/2012 / 30/ 2012 / 31/ 20$ Retirement 2055 VFFVX12/29/2012 / 30/ 2012 / 31/ 20$ Retirement 2060 VTTSX12/29/2012 / 30/ 2012 / 31/ 20$ 0 .11 Retirement 2065 VLXVX12/29/2012 / 30/ 2012 / 31/ 20$ 0 .11%Target Retirement Income VTINX12/29/2012 / 30/ 2012 / 31/ 20$ 6% Growth AdmiralVWUAX12 /15/ 2012 /16/ 2012 /17/ 20$ 4 .10% Growth InvestorVWUSX12 /15/ 2012 /16/ 2012 /17/ 20$ 4 .10%Wellesley Income AdmiralVWIAX12 /18/ 2012/21/2012/22/20$ Income InvestorVWINX12 /18/ 2012/21/2012/22/20$ AdmiralVWENX12/28/2012/29/2012 / 30/ 20$ InvestorVWELX12/28/2012/29/2012 / 30/ 20$ AdmiralVWNEX12 /18/ 2012/21/2012/22/20$ 5.

5 19 7. 3 0%Windsor InvestorVWNDX12 /18/ 2012/21/2012/22/20$ 4 7. 3 0%Windsor II AdmiralVWNAX12 /18/ 2012/21/2012/22/20$ II InvestorVWNFX12 /18/ 2012/21/2012/22/20$ Preliminary fund distributions | 2020 Preliminary year-end distributionsBond fundsVanguard fundTicker2020 declaration date/record date2020 ex-dividend date2020 payable dateTotal per-share capital gains estimate% of NAVC alifornia Intermediate-Term Tax-Exempt AdmiralVCADX12/28/2012/29/2012 / 30/ 20$ Intermediate-Term Tax-Exempt InvestorVCAIX12/28/2012/29/2012 / 30/ 20$ Long-Term Tax-Exempt AdmiralVCLAX12/28/2012/29/2012 / 30/ 20$ Long-Term Tax-Exempt InvestorVCITX12/28/2012/29/2012 / 30/ 20$ Bond AdmiralVCOBX12/21/2012/22/2012/23/20$ Bond InvestorVCORX12/21/2012/22/2012/23/20$ Markets Bond AdmiralVEGBX12/21/2012/22/2012/23/20$ Markets Bond

6 InvestorVEMBX12/21/2012/22/2012/23/20$ Duration Treasury index InstitutionalVEDTX12/21/2012/22/2012/23/ 20$ 9 3 .16%Extended Duration Treasury index Institutional PlusVEDIX12/21/2012/22/2012/23/20$ 3 .16%Global Credit Bond AdmiralVGCAX12/21/2012/22/2012/23/20$ Credit Bond InvestorVGCIX12/21/2012/22/2012/23/20$ Tax-Exempt admiral VWALX12/28/2012/29/2012 / 30/ 20$ Tax-Exempt InvestorVWAHX12/28/2012/29/2012 / 30/ 20$ Intermediate-Term Bond VIITX12/21/2012/22/2012/23/20$ Short-Term Bond VISTX12/21/2012/22/2012/23/20$ Bond index AdmiralVBILX12/21/2012/22/2012/23/20$ 0 .71%Intermediate-Term Bond index InstitutionalVBIMX12/21/2012/22/2012/23/ 20$ 0 .71%Intermediate-Term Bond index Institutional PlusVBIUX12/21/2012/22/2012/23/20$ 0 .71%Intermediate-Term Bond index InvestorVBIIX12/21/2012/22/2012/23/20$ 0.

7 71%Intermediate-Term Corporate Bond index AdmiralVICSX12/21/2012/22/2012/23/20$ Corporate Bond index InstitutionalVICBX12/21/2012/22/2012/23/ 20$ Investment-Grade admiral VFIDX12/28/2012/29/2012 / 30/ 20$ Investment-Grade InvestorVFICX12/28/2012/29/2012 / 30/ 20$ Treasury admiral VFIUX12/28/2012/29/2012 / 30/ 20$ Treasury InvestorVFITX12/28/2012/29/2012 / 30/ 20$ Treasury index AdmiralVSIGX12/21/2012/22/2012/23/20$ 0 .71%Intermediate-Term Treasury index InstitutionalVIIGX12/21/2012/22/2012/23/ 20$ 0 .71%Long-Term Bond index AdmiralVBLAX12/21/2012/22/2012/23/20$ Bond index InstitutionalVBLLX12/21/2012/22/2012/23/ 20$ Bond index Institutional PlusVBLIX12/21/2012/22/2012/23/20$ Investment-Grade admiral VWETX12/28/2012/29/2012 / 30/ 20$ 4%Long-Term Investment-Grade InvestorVWESX12/28/2012/29/2012 / 30/ 20$ 4%4 Preliminary fund distributions | 2020 Vanguard fundTicker2020 declaration date/record date2020 ex-dividend date2020 payable dateTotal per-share capital gains estimate% of NAVLong-Term Tax-Exempt AdmiralVWLUX12/28/2012/29/2012 / 30/ 20$ Tax-Exempt InvestorV WLT X12/28/2012/29/2012 / 30/ 20$ Treasury admiral VUSUX12/28/2012/29/2012 / 30/ 20$ 8.

8 10%Long-Term Treasury InvestorVUSTX12/28/2012/29/2012 / 30/ 20$ 8 .10%Long-Term Treasury index AdmiralVLGSX12/21/2012/22/2012/23/20$ 0 .11 Treasury index InstitutionalVLGIX12/21/2012/22/2012/23/ 20$ Tax-ExemptVMATX12/28/2012/29/2012 / 30/ 20$ Securities index AdmiralVMBSX12/21/2012/22/2012/23/20$ 0 . 21%Mortgage-Backed Securities index InstitutionalVMBIX12/21/2012/22/2012/23/ 20$ 0 . 21%New Jersey Long-Term Tax-Exempt AdmiralVNJUX12/28/2012/29/2012 / 30/ 20$ Jersey Long-Term Tax-Exempt InvestorVNJTX12/28/2012/29/2012 / 30/ 20$ York Long-Term Tax-Exempt AdmiralVNYUX12/28/2012/29/2012 / 30/ 20$ York Long-Term Tax-Exempt InvestorVNYTX12/28/2012/29/2012 / 30/ 20$ Long-Term Tax-ExemptVOHIX12/28/2012/29/2012 / 30/ 20$ 0 .11 0 . 81%Pennsylvania Long-Term Tax-Exempt AdmiralVPAL X12/28/2012/29/2012 / 30/ 20$ Long-Term Tax-Exempt InvestorVPAIX12/28/2012/29/2012 / 30/ 20$ Federal admiral VSGDX12/28/2012/29/2012 / 30/ 20$ Federal InvestorVSGBX12/28/2012/29/2012 / 30/ 20$ Treasury admiral VFIRX12/28/2012/29/2012 / 30/ 20$ 9%Short-Term Treasury InvestorVFISX12/28/2012/29/2012 / 30/ 20$ 9%Short-Term Treasury index AdmiralVSBSX12/21/2012/22/2012/23/20$ Treasury index InstitutionalVSBIX12/21/2012/22/2012/23/ 20$ Bond Market index AdmiralVBTLX12/21/2012/22/2012/23/20$ Bond Market index InstitutionalVBTIX12/21/2012/22/2012/23/ 20$ Bond Market index Institutional PlusVBMPX12/21/2012/22/2012/23/20$ Bond Market index Institutional SelectVTBSX12/21/2012/22/2012/23/20$ Bond Market index

9 InvestorVBMFX12/21/2012/22/2012/23/20$ Bond Market II index InstitutionalVTBNX12/28/2012/29/2012 / 30/ 20$ 6%Total Bond Market II index InvestorVTBIX12/28/2012/29/2012 / 30/ 20$ 6%Total International Bond index AdmiralV TABX12/21/2012/22/2012/23/20$ International Bond index InstitutionalVTIFX12/21/2012/22/2012/23/ 20$ International Bond index InvestorVTIBX12/21/2012/22/2012/23/20$ per-share capital gains estimateVanguard ETF Ticker2020 declaration date2020 record date2020 ex-dividend date2020 payable dateShort-termLong-termTot al% of NAVE xtended Duration TreasuryEDV12/21/2012/24/2012/23/2012/29 /20 $ $ $ 3 .16%Intermediate-Term BondBIV12/21/2012/24/2012/23/2012/29/20 $ $ 0 .71%Intermediate-Term Corporate BondVCIT12/21/2012/24/2012/23/2012/29/20 $ $ $ TreasuryVGIT12/21/2012/24/2012/23/2012/2 9/20 $ $ $ 0.

10 71%Long-Term BondBLV12/21/2012/24/2012/23/2012/29/20 $ $ $ TreasuryVGLT12/21/2012/24/2012/23/2012/2 9/20 $ $ $ SecuritiesVMBS12/21/2012/24/2012/23/2012 /29/20 $ 0 .11 $ $ 0 . 21%Short-Term TreasuryVGSH12/21/2012/24/2012/23/2012/2 9/20 $ $ $ Bond MarketBND12/21/2012/24/2012/23/2012/29/2 0 $ $ 0 .11 $ International BondBNDX12/21/2012/24/2012/23/2012/29/20 $ $ year-end distributionsETFs 2020 The Vanguard Group, Inc. All rights reserved. Patent Nos. 6,879,964; 7,337,138; 7,720,749; 7,925,573; 8,090,646; 8,417,623; and 8,626,636. Vanguard Marketing Corporation, 112020 For more information about Vanguard funds or Vanguard ETFs, visit or call 877-662-7447 to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing is subject to risk, including the possible loss of the money you invest.