Vanguard® Mid-Cap Value Index Fund - …

1 vanguard Mid-Cap Value Index fund - admiral SharesRelease ValueInvestment Objective & StrategyFrom the investment's prospectusThe investment seeks to track the performance of the CRSP US Mid Cap Value Index that measures the investment return of mid-capitalization Value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index , a broadly diversified Index of Value stocks of mid-size companies. The advisor attempts to replicate the target Index by investing all, or substantially all, of its assets in the stocks that make up the Index , holding each stock in approximately the same proportion as its weighting in the and RiskVolatilityas of 12-31-20 LowModerateHighInvestmentCategoryRisk Measures as of 12-31-20 Port AvgRel S&P 500 Rel Cat3 Yr Std Yr RisksLoss of Money, Not FDIC Insured, Market/Market Volatility,Equity Securities, ETF, Early Close/Late Close/Trading Halt,Management, Market TradingImportant InformationMorningstar Investment Profiles must be accompaniedby Morningstar Disclosure and or their affiliates may pay compensation to Voya affiliates offering a fund .

2 Such compensation may be paid outof distribution, service and/or 12b-1 fees that are deductedfrom the fund 's assets, and/or may be paid directly by thefund's affiliates. Any fees deducted from fund assets arediscussed in the fund 's prospectus and disclosed in the fundfact sheet. Because these fees are paid on an on-going basis,over time these fees will increase the cost of your investmentand may cost you more than paying other types of salescharges. If offered through a retirement program, additionalfees and expenses may be charged under that program. NOTA DEPOSIT. NOT FDIC INSURED. NOT INSURED BY ANYFEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THEINSTITUTION. MAY GO DOWN IN AnalysisComposition as of 12-31-20% Style Box as of 12-31-20% Mkt CapLargeMidSmallValue Blend 10 Holdings as of 12-31-20% AssetsFreeport-McMoRan Global Corp Ordinary Energy Group Solutions Water Works Co Financial Equity Sectors as of 12-31-20% Fundh Basic Consumer Financial Real Communication Consumer Prosp Exp of fund assetsNet Prosp Exp of fund assetsManagement Fee(s) Inception Date09-27-11 Total fund Assets ($mil)10, Turnover Ratio % Family NameVanguardWaiver DataTypeExp.

3 Date%..Portfolio Manager(s)Donald Butler, CFA. Since Johnson. Since Group 2021 Morningstar, Inc., Morningstar Investment Profiles 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2)may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising fromany use of information. Past performance is no guarantee of future performance. Visit our investment website at (01/21)CN1028811_1221