Vanguard Extended Duration Treasury ETF | EDVVanguard ®

As of June 30, 2024

Investment approach

Investment focus
Duration
Short Medium Long

• Seeks to track the performance of the Bloomberg U.S. Treasury
STRIPS 20–30 Year Equal Par Bond Index.

Trsy/Agcy

Quality• Passively managed using index sampling.
• Broad exposure to the long-term Treasury STRIPS market.
• Provides current income with high credit quality.

Inv
Grd
Corp

Below
Inv
Grd

About the benchmark• The Bloomberg U.S. Treasury STRIPS 20–30 Year Equal Par BondIndex measures the investment return of Treasury STRIPS withmaturities ranging from 20 to 30 years. A Treasury STRIP represents asingle coupon or principal payment on a U.S. Treasury security thathas been “stripped” into separately tradable components. The index
includes zero-coupon U.S. Treasury securities with maturities ranging
from 20 to 30 years.

Central tendency
Expected rangeof fund holdings

Quick facts
BenchmarkBloomberg U.S. Treasury STRIPS
20–30 Year Equal Par Bond Index

Expense ratio1

0.06%

Dividend schedule

Quarterly

ETF total net assets$3,332 million

Fund total net assets$4,189 million

Inception date

Performance history

2007-12-06

Total returns 2 for period ended June 30, 2024

Trading information

EDV (Inception 2007-12-06)

Quarter

1 year

3 years

5 years

10 years

Since
inception

Ticker symbol

EDV

Net asset value (NAV) return3-3.36%-9.27% -12.62%-16.22%-7.37%-0.06%

3.14%

CUSIP number

921910709

Market price return4

-3.37

-8.73

-16.10

-7.36

-0.06

3.15

IIV (intra-day ticker)

Bloomberg U.S. Treasury
STRIPS 20–30 Year Equal Par
Bond Index-3.70

Year todate-9.16-12.66-12.49-16.17

-7.32

-0.06

3.30

EDV.IV

Index ticker (Bloomberg)

I17493

Exchange

NYSE Arca

The performance data shown represent past performance, which is not a guarantee offuture results. Investment returns and principal value will fluctuate, so investors’ shares,
when sold, may be worth more or less than their original cost. Current performance may belower or higher than the performance data cited. For performance data current to themost recent month-end, visit our website at vanguard.com/performance. The performance of anindex is not an exact representation of any particular investment, as you cannot invest directly in anindex.

ETF attributes

Number of bonds

8080

Investment Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

Average duration

24.1 years

24.1 years

Average effective maturity

Bloomberg U.S.
Treasury STRIPS
Extended
20–30 Year
Duration Equal Par Bond
Treasury ETF
Index

24.7 years

24.7 years

Turnover rate5

24.1

—

Short-term reserves

0.0—

1. As reported in the most recent prospectus. A fund’s current expense ratio may be lower or higher than the figure reported in the prospectus.
2. Figures for periods of less than one year are cumulative returns. All other figures represent average annual returns. Fund performance figures assume the reinvestment of dividends and capital gains distributions;the figures are pre-tax and net of expenses. The above widely used comparative index represents unmanaged or average returns on various financial assets that can be compared with the fund’s total returns forthe purpose of measuring relative performance.
3. As of 4 p.m., Eastern time, when the regular trading session of the New York Stock Exchange typically closes.
4. Market price returns are calculated using the midpoint between the bid and offer prices at the time NAV is calculated, typically 4 p.m., Eastern time.
5. For most recent fiscal year. Turnover rate excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including Vanguard ETF CreationUnits.

Vanguard Extended Duration Treasury ETF | EDV
As of June 30, 2024

Expense ratio comparison 1

Distribution by issuer
Treasury/Agency

Distribution by credit quality 20.40%

U.S. Government
0.14%
General US
TreasuryFunds
Average100.0%

Not Rated

0.06%

100.0%
0.0%

General US
ExtendedTrsy Funds
Duration
Avg ETFs only Treasury ETF

Distibution by effective maturity
Under 1 Year

0.0%

20 - 25 Years

52.4%

Over 25 Years

47.6%

1. Represents the expense ratio for the Vanguard ETF as reported in the most recent prospectus. There are material differences between mutual funds and ETFs. Unlike mutual funds, ETFs are priced continuouslyand bought and sold throughout the day in the secondary market (at a premium or discount to net asset value) with the assistance of a stockbroker, which entails paying commissions. Sources: Lipper, aThomson Reuters Company, and Vanguard, December 31, 2023.
2. Credit-quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). ”NR” is used to classify securities for which a rating is not available. NR securities may include a fund’sinvestment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, each of which invests in high-quality money market instruments and may serve as a cash management vehicle for theVanguard funds, trusts, and accounts. U.S. Treasury, U.S. Agency, and U.S. Agency mortgage-backed securities appear under ”U.S. Government.” Credit-quality ratings for each issue are obtained fromBloomberg using ratings derived from Moody’s Investors Service (Moody’s), Fitch Ratings (Fitch), and Standard & Poor’s (S&P). When ratings from all three agencies are available, the median rating is used.
When ratings are available from two of the agencies, the lower rating is used. When one rating is available, that rating is used.

Vanguard ETF® shares are not redeemable with the issuing fund other than in very large aggregations worth millions of dollars. Instead, investors must buy or sell Vanguard
ETF shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net
asset value when buying and receive less than net asset value when selling.
All ETF products are subject to risk, which may result in the loss of principal. Investments in bond ETF products are subject to interest rate, credit, and inflation risk. The fundis primarily intended for pension plans and other institutional investors that desire to closely match long-term liabilities with a portfolio of U.S. Treasury securities of similar
long-term duration. Interest rate risk is expected to be extremely high for the fund because it invests mainly in zero-coupon long-term bonds, which have prices that are very
sensitive to interest rate changes. Because the fund invests mainly in Treasury STRIPS with maturities ranging from 20 to 30 years, rising interest rates may cause the valueof the fund’s investments to decline significantly. Prospective investors are urged to consult with their own advisors to determine the suitability of an investment in the fundand the relationship of such an investment to their overall investment program and financial and tax positions.
“Bloomberg®” is a service mark of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and havebeen licensed for use for certain purposes by Vanguard. Bloomberg is not affiliated with Vanguard, and Bloomberg does not approve, endorse, review, or recommend the products. Bloomberg does
not guarantee the timeliness, accurateness, or completeness of any data or information relating to the products.
CGS identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use ordissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2024 American Bankers Association. “CUSIP” is a registered trademark of the AmericanBankers Association.

For more information about Vanguard ETF Shares, visit vanguard.com, call 866-499-8473, or contact your broker 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.
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