# EDGAR Filing Document

**Accession Number:** 0001004655
**File Stem:** 0001752724-23-001952
**Filing Date:** 2023-1
**Character Count:** 541532
**Document Hash:** 7f6a45ec324e21c8f568a2fb47c3984b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-001952.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0001752724-23-001952

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221031

**FILED AS OF DATE**: 20230113

**DATE AS OF CHANGE**: 20230113

**EFFECTIVENESS DATE**: 20230113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD WHITEHALL FUNDS
- **CENTRAL INDEX KEY:** 0001004655
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07443
- **FILM NUMBER:** 23528625

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD WHITEHALL FUNDS INC
- **DATE OF NAME CHANGE:** 19951207

## Series and Classes Contracts Data

### Vanguard International Explorer Fund (Series ID: S000004407)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000012165 | Investor Shares | VINEX           |

### Vanguard Mid-Cap Growth Fund (Series ID: S000004408)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000012166 | Investor Shares | VMGRX           |

### Vanguard Selected Value Fund (Series ID: S000004409)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000012167 | Investor Shares | VASVX           |

### Vanguard High Dividend Yield Index Fund (Series ID: S000014011)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000038294 | Investor Shares | VHDYX           |
| C000038295 | ETF Shares      | VYM             |
| C000209802 | Admiral Shares  | VHYAX           |

### Vanguard Emerging Markets Government Bond Index Fund (Series ID: S000040750)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000126407 | Admiral Shares       | VGAVX           |
| C000126408 | ETF Shares           | VWOB            |
| C000126409 | Institutional Shares | VGIVX           |
| C000126410 | Investor Shares      | VGOVX           |

### Vanguard Global Minimum Volatility Fund (Series ID: S000043242)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000133791 | Admiral Shares  | VMNVX           |
| C000133792 | Investor Shares | VMVFX           |

### Vanguard International Dividend Appreciation Index Fund (Series ID: S000051871)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000163310 | Admiral Shares  | VIAAX           |
| C000163311 | ETF Shares      | VIGI            |
| C000163312 | Investor Shares | VIAIX           |

### Vanguard International High Dividend Yield Index Fund (Series ID: S000051872)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000163313 | Admiral Shares  | VIHAX           |
| C000163314 | ETF Shares      | VYMI            |
| C000163315 | Investor Shares | VIHIX           |

### Vanguard Advice Select International Growth Fund (Series ID: S000074280)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000231925 | Admiral Shares | VAIGX           |

### Vanguard Advice Select Dividend Growth Fund (Series ID: S000074281)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000231926 | Admiral Shares | VADGX           |

### Vanguard Advice Select Global Value Fund (Series ID: S000074282)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000231927 | Admiral Shares | VAGVX           |

### Vanguard China Select Stock Fund (Series ID: S000075299)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000234221 | Admiral Shares  | VCSSX           |
| C000234222 | Investor Shares | VCSIX           |

## Internal

```

Report of
Independent
Registered Public
Accounting Firm
To the Board of Trustees of Vanguard Whitehall
Funds and Shareholders of
Vanguard Emerging Markets Government Bond
Index Fund
In planning and performing our audit of the
financial statements of Vanguard Emerging
Markets Government Bond  Index Fund (one of
the funds constituting Vanguard Whitehall
Funds, hereafter collectively referred to as the
"Fund") as of and for the year ended October
31, 2022, in accordance with the standards of
the Public Company  Accounting Oversight
Board (United States) (PCAOB), we considered
the Fund's internal control over financial
reporting, including controls over safeguarding
securities, as a basis for designing our auditing
procedures for the  purpose of expressing our
opinion on the financial statements and to
comply with the requirements of Form N CEN,
but not for the purpose of expressing an opinion
on the effectiveness of the Fund's internal
control over  financial reporting. Accordingly, we
do not express an opinion on the effectiveness
of the Fund's internal control  over financial
reporting.
The management of the Fund is responsible
for establishing and maintaining effective
internal control over  financial reporting. In
fulfilling this responsibility, estimates and
judgments by management are required to
assess  the expected benefits and related
costs of controls. A company's internal control
over financial reporting is a  process designed
to provide reasonable assurance regarding the
reliability of financial reporting and the
preparation of financial statements for external
purposes in accordance with generally
accepted accounting  principles. A company's
internal control over financial reporting
includes those policies and procedures that (1)
pertain to the maintenance of records that, in
reasonable detail, accurately and fairly reflect
the transactions and  dispositions of the assets
of the company; (2) provide reasonable
assurance that transactions are recorded as
necessary to permit preparation of financial
statements in accordance with generally
accepted accounting  principles, and that
receipts and expenditures of the company are
being made only in accordance with
authorizations of management and directors of
the company; and (3) provide reasonable
assurance regarding  prevention or timely
detection of unauthorized acquisition, use or
disposition of a company's assets that could
have a material effect on the financial
statements.
Because of its inherent limitations, internal
control over financial reporting may not
prevent or detect  misstatements. Also,
projections of any evaluation of
effectiveness to future periods are subject
to the risk that  controls may become
inadequate because of changes in
conditions, or that the degree of
compliance with the  policies or procedures
may deteriorate.
A deficiency in internal control over financial
reporting exists when the design or operation of
a control does not  allow management or
employees, in the normal course of performing
their assigned functions, to prevent or detect
misstatements on a timely basis. A material
weakness is a deficiency, or a combination of
deficiencies, in internal  control over financial
reporting, such that there is a reasonable
possibility that a material misstatement of the
company's annual or interim financial
statements will not be prevented or detected on
a timely basis.
Our consideration of the Fund's internal
control over financial reporting was for the
limited purpose described in  the first
paragraph and would not necessarily
disclose all deficiencies in internal control
over financial reporting  that might be
material weaknesses under standards
established by the PCAOB. However, we
noted no  deficiencies in the Fund's internal
control over financial reporting and its
operation, including controls over
safeguarding securities, that we consider to
be a material weakness as defined above as
of October 31, 2022.
This report is intended solely for the
information and use of the Board of Trustees
of Vanguard Whitehall Funds and the
Securities and Exchange Commission and is
not intended to be and should not be used by
anyone other  than these specified parties.
December 15, 2022.
PricewaterhouseCoopers LLP, Two
Commerce Square, Suite 1800, 2001
Market Street, Philadelphia, PA 19103-
7042 T: (267) 330 3000,
www.pwc.com/us

```

## Internal

```

Report of Independent
Registered Public
Accounting Firm
To the Board of Trustees of Vanguard Whitehall Funds
and Shareholders of
Vanguard International High Dividend Yield Index Fund
Vanguard International Dividend Appreciation Index
Fund
Vanguard Global Minimum Volatility Fund
Vanguard Mid-Cap Growth Fund
Vanguard Selected Value Fund
Vanguard High Dividend Yield Index Fund
Vanguard International Explorer Fund
Vanguard Advice Select Dividend Growth Fund
Vanguard Advice Select Global Value Fund and
Vanguard Advice Select International Growth Fund
In planning and performing our audits of the financial
statements of the funds listed in Appendix A (ten of
the funds constituting Vanguard Whitehall Funds,
hereafter collectively referred to as the "Funds") as of
and for the year ended October 31, 2022, in
accordance with the standards of the Public Company
Accounting Oversight Board (United States) (PCAOB),
we considered the Funds' internal control over
financial reporting, including controls over
safeguarding securities, as a basis for designing our
auditing  procedures for the purpose of expressing our
opinion on the financial statements and to comply with
the  requirements of Form N-CEN, but not for the
purpose of expressing an opinion on the effectiveness
of the  Funds' internal control over financial reporting.
Accordingly, we do not express an opinion on the
effectiveness of the Funds' internal control over
financial reporting.
The management of the Funds is responsible for
establishing and maintaining effective internal control
over financial reporting. In fulfilling this responsibility,
estimates and judgments by management are
required to assess the expected benefits and related
costs of controls. A company's internal control over
financial reporting is a process designed to provide
reasonable assurance regarding the reliability of
financial reporting and the preparation of financial
statements for external purposes in accordance with
generally accepted accounting principles. A
company's internal control over financial reporting
includes  those policies and procedures that (1)
pertain to the maintenance of records that, in
reasonable detail,  accurately and fairly reflect the
transactions and dispositions of the assets of the
company; (2) provide  reasonable assurance that
transactions are recorded as necessary to permit
preparation of financial  statements in accordance
with generally accepted accounting principles, and
that receipts and  expenditures of the company are
being made only in accordance with authorizations of
management and  directors of the company; and (3)
provide reasonable assurance regarding prevention or
timely detection  of unauthorized acquisition, use or
disposition of a company's assets that could have a
material effect on  the financial statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk
that controls may become inadequate because of
changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting
exists when the design or operation of a control  does
not allow management or employees, in the normal
course of performing their assigned functions, to
prevent or detect misstatements on a timely basis. A
material weakness is a deficiency, or a combination of
deficiencies, in internal control over financial reporting,
such that there is a reasonable possibility that a
material misstatement of the company's annual or
interim financial statements will not be prevented or
detected on a timely basis.
Our consideration of the Funds' internal control over
financial reporting was for the limited purpose
described in the first paragraph and would not
necessarily disclose all deficiencies in internal control
over  financial reporting that might be material
weaknesses under standards established by the
PCAOB.  However, we noted no deficiencies in the
Funds' internal control over financial reporting and its
operation,  including controls over safeguarding
securities, that we consider to be a material weakness
as defined  above as of October 31, 2022.
This report is intended solely for the information and
use of the Board of Trustees of Vanguard Whitehall
Funds and the Securities and Exchange Commission
and is not intended to be and should not be used by
anyone other than these specified parties.
December 16, 2022
PricewaterhouseCoopers LLP, Two Commerce Square,
Suite 1800, 2001 Market Street, Philadelphia, PA
19103-7042 T: (267) 330 3000, www.pwc.com/us

Appendix A

Funds
Period
Vanguard International High Dividend Yield Index Fund
11/1/2021-10/31/2022
Vanguard International Dividend Appreciation Index Fund
11/1/2021-10/31/2022
Vanguard Global Minimum Volatility Fund
11/1/2021-10/31/2022
Vanguard Mid-Cap Growth Fund
11/1/2021-10/31/2022
Vanguard Selected Value Fund
11/1/2021-10/31/2022
Vanguard High Dividend Yield Index Fund
11/1/2021-10/31/2022
Vanguard International Explorer Fund
11/1/2021-10/31/2022
Vanguard Advice Select Dividend Growth Fund
11/9/2021-10/31/2022
Vanguard Advice Select Global Value Fund
11/9/2021-10/31/2022
Vanguard Advice Select International Growth Fund
11/9/2021-10/31/2022

2

```

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001004655

## N-CEN: Series/Class (Contract) Information

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2022-10-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** VANGUARD WHITEHALL FUNDS

- **Item B.1.b - Investment Company Act file number:** 811-07443

- **Item B.1.c - CIK:** 0001004655

- **Item B.1.d - LEI:** 5493006QD7VQBS2FQD13

- **Item B.2.a - Street 1:** 100 VANGUARD BOULEVARD

- **Item B.2.b - City:** MALVERN

- **Item B.2.c - State:** PA

- **Item B.2.e - Zip Code:** 19355

- **Item B.2.f - Telephone:** 6106691000

- **Item B.2.g - Public Website:** www.vanguard.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust

- **b. Street 1:** One Lincoln Street

- **c. City:** Boston

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 20111

- **g. Telephone number:** 617-662-3839

- **h. Briefly describe the books and records kept at this location:** The accounts, books, and other documents required to be maintained by Registrant pursuant to section 31(a) of the Investment Company Act of 1940 and the Rules thereunder.

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank

- **b. Street 1:** 383 Madison Avenue

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10179

- **g. Telephone number:** 212-648-0466

- **h. Briefly describe the books and records kept at this location:** The accounts, books, and other documents required to be maintained by Registrant pursuant to section 31(a) of the Investment Company Act of 1940 and the Rules thereunder.

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** Bank of New York Mellon

- **b. Street 1:** 240 Greenwich Street

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10286

- **g. Telephone number:** 212-495-1784

- **h. Briefly describe the books and records kept at this location:** The accounts, books, and other documents required to be maintained by Registrant pursuant to section 31(a) of the Investment Company Act of 1940 and the Rules thereunder.

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** The Vanguard Group, Inc.

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 11

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                                   |
|:---|:---|:---|
| David Thomas        | No                      | 811-07239, 811-01027, 811-04474, 811-03919, 811-06083, 811-05628, 811-22114, 811-05340, 811-04681, 811-02368, 811-09005, 811-58431, 811-22619, 811-02687, 811-07175, 811-02968-99, 811-00121, 811-03916, 811-05972, 811-05962, 811-01766, 811-07803, 811-00834, 811-04098, 811-04526, 811-06093, 811-05445, 811-04571, 811-02554, 811-04570, 811-02652, 811-21478, 811-07043, 811-01530 |
| Mortimer J. Buckley | Yes                     | 811-04526, 811-05340, 811-03919, 811-03916, 811-04474, 811-02368, 811-09005, 811-05962, 811-21478, 811-07239, 811-05628, 811-06093, 811-07803, 811-04571, 811-05445, 811-22114, 811-01766, 811-04098, 811-22619, 811-02554, 811-58431, 811-02968-99, 811-01530, 811-06083, 811-04570, 811-01027, 811-00834, 811-07043, 811-07175, 811-02652, 811-04681, 811-05972, 811-00121, 811-02687 |
| Mark Loughridge     | No                      | 811-09005, 811-01027, 811-01530, 811-22619, 811-04474, 811-05972, 811-07043, 811-05628, 811-02368, 811-05340, 811-07803, 811-04570, 811-58431, 811-04098, 811-07239, 811-05445, 811-07175, 811-06083, 811-00834, 811-05962, 811-03919, 811-02968-99, 811-03916, 811-04526, 811-01766, 811-02687, 811-21478, 811-02652, 811-02554, 811-04681, 811-00121, 811-06093, 811-04571, 811-22114 |
| Deanna Mulligan     | No                      | 811-22114, 811-05340, 811-04570, 811-58431, 811-04098, 811-06083, 811-07175, 811-09005, 811-04474, 811-07803, 811-07043, 811-02554, 811-04571, 811-05962, 811-05445, 811-02652, 811-02687, 811-22619, 811-06093, 811-01027, 811-02368, 811-05628, 811-02968-99, 811-03919, 811-04526, 811-00121, 811-05972, 811-04681, 811-00834, 811-01766, 811-01530, 811-07239, 811-21478, 811-03916 |
| Peter F. Volanakis  | No                      | 811-07175, 811-04526, 811-58431, 811-02554, 811-02968-99, 811-07803, 811-01766, 811-01530, 811-00834, 811-07239, 811-01027, 811-04571, 811-02652, 811-06083, 811-04681, 811-05628, 811-09005, 811-02687, 811-02368, 811-04098, 811-04474, 811-05972, 811-00121, 811-22114, 811-03916, 811-05445, 811-04570, 811-05340, 811-06093, 811-22619, 811-07043, 811-05962, 811-03919, 811-21478 |
| Scott C. Malpass    | No                      | 811-05340, 811-21478, 811-04570, 811-00834, 811-02652, 811-07175, 811-02687, 811-04098, 811-07239, 811-09005, 811-22619, 811-58431, 811-00121, 811-05972, 811-06083, 811-04474, 811-01766, 811-04526, 811-01027, 811-02968-99, 811-07043, 811-02554, 811-05445, 811-02368, 811-05628, 811-03919, 811-03916, 811-05962, 811-06093, 811-01530, 811-22114, 811-04571, 811-07803, 811-04681 |
| Sarah Bloom Raskin  | No                      | 811-05445, 811-05962, 811-02652, 811-02368, 811-00121, 811-07043, 811-05628, 811-02554, 811-04681, 811-04570, 811-04098, 811-00834, 811-07239, 811-21478, 811-09005, 811-07803, 811-07175, 811-01766, 811-06093, 811-03919, 811-04526, 811-02687, 811-02968-99, 811-04474, 811-22114, 811-01530, 811-22619, 811-06083, 811-01027, 811-05340, 811-05972, 811-04571, 811-03916, 811-58431 |
| Andre F. Perold     | No                      | 811-04098, 811-03916, 811-21478, 811-05962, 811-05340, 811-04681, 811-06093, 811-07175, 811-02652, 811-06083, 811-22114, 811-02968-99, 811-02368, 811-05972, 811-07803, 811-01766, 811-05628, 811-00121, 811-01027, 811-58431, 811-02554, 811-05445, 811-04526, 811-00834, 811-01530, 811-09005, 811-04570, 811-04474, 811-04571, 811-22619, 811-07239, 811-07043, 811-03919, 811-02687 |
| F. Joseph Loughrey  | No                      | 811-06093, 811-05962, 811-03916, 811-22114, 811-04571, 811-07803, 811-07239, 811-01027, 811-02368, 811-01530, 811-05628, 811-04098, 811-02687, 811-04526, 811-00121, 811-05445, 811-02968-99, 811-01766, 811-05972, 811-04681, 811-04570, 811-00834, 811-03919, 811-07043, 811-22619, 811-58431, 811-02554, 811-09005, 811-21478, 811-04474, 811-07175, 811-06083, 811-05340, 811-02652 |
| Emerson U. Fullwood | No                      | 811-05445, 811-03916, 811-04098, 811-04681, 811-02368, 811-01530, 811-07175, 811-09005, 811-04526, 811-03919, 811-05962, 811-06093, 811-01027, 811-07803, 811-02554, 811-01766, 811-05340, 811-22619, 811-07239, 811-00834, 811-21478, 811-05628, 811-05972, 811-00121, 811-06083, 811-04570, 811-04571, 811-22114, 811-07043, 811-04474, 811-02652, 811-02968-99, 811-58431, 811-02687 |
| Tara Bunch          | No                      | 811-07043, 811-05972, 811-58431, 811-02968-99, 811-00121, 811-02687, 811-04526, 811-05445, 811-22114, 811-00834, 811-02652, 811-22619, 811-03916, 811-01027, 811-01766, 811-03919, 811-04570, 811-01530, 811-06093, 811-09005, 811-04681, 811-05962, 811-04474, 811-07239, 811-21478, 811-07175, 811-06083, 811-02554, 811-05628, 811-04571, 811-07803, 811-04098, 811-05340, 811-02368 |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** John E. Schadl

- **b. CRD Number, if any:** 006931790

- **c. Street Address 1:** 100 Vanguard Boulevard

- **d. City:** Malvern

- **e. State, if applicable:** PA

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 19355

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-26089
  - IC-27386
  - IC-8676
  - IC-9664
  - IC-11645
  - IC-27773
  - IC-9205
  - IC-26436
  - IC-19184
  - IC-9001

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** VANGUARD MARKETING CORP.

- **ii. SEC file number:** 8-21570

- **iii. CRD number:** 000007452

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** PRICEWATERHOUSECOOPERS LLP

- **b. PCAOB Number:** 000000238

- **c. LEI, if any:** 5493002GVO7EO8RNNS37

- **d. State, if applicable:** PA

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND

- **b. Series identification number, if any:** S000051872

- **c. LEI:** 549300D7WM8SF3LN3802

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 2

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Admiral Shares          | C000163313                                | VIHAX                        |
|                           2 | ETF Shares              | C000163314                                | VYMI                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. Is the securities lending agent an affiliated person...?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [ ] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [x] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $32,306,192.30

- **g. Provide the net income from securities lending activities:** $938,390.29

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. SEC file number:** 801-11953

- **iii. CRD number:** 000105958

- **iv. LEI, if any:** 5493002789CX3L0CJP65

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** DEUTSCHE BANK, ISTANBUL

- **ii. LEI, if any:** 789000N5SE3LWDK7OI11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** EUROCLEAR BANK, BRUSSELS

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 3**

- **i. Full name:** HONGKONG AND SHANGAI BANKING CORPORATION, BANGKOK

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** CITIBANK N.A., BRAZILIAN BRANCH

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** The Bank of New York Mellon SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 6**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** CREDIT SUISSE (SWITZERLAND) LTD

- **ii. LEI, if any:** 549300CWR0W0BCS9Q144

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** Standard Chartered Bank (Singapore) Limited

- **ii. LEI, if any:** 549300MDYVVHJ8D1DW28

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** Banco Santander Chile

- **ii. LEI, if any:** 3YJP8HORPAEXJ80D6368

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** CIBC MELLON TRUST COMPANY

- **ii. LEI, if any:** 549300IYUUH221WBZ505

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** HONGKONG AND SHANGHAI BANKING CORPORATION, HONG KONG

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** THE BANK OF NEW YORK MELLON SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 13**

- **i. Full name:** LANDSBANKINN HF.

- **ii. LEI, if any:** 549300TLZPT6JELDWM92

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 15**

- **i. Full name:** CITIBANAMEX, MEXICO CITY

- **ii. LEI, if any:** 2SFFM4FUIE05S37WFU55

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** Citibank Europe Plc

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** DEUTSCHE BANK AG MUMBAI

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** Citibank Europe Plc

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** HSBC NEW ZEALAND

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** DEUTSCHE BANK AG KARACHI BRANCH

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** HSBC SAUDI ARABIA

- **ii. LEI, if any:** 558600MV09XWUB38H245

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** DEUTSCHE BANK-SEOUL BRANCH

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** HSBC SHENZHEN

- **ii. LEI, if any:** 2CZOJRADNJXBLT55G526

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** DEUTSCHE BANK AG, MANILA BRANCH

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** Citibank Europe Plc, Greece branch

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 27**

- **i. Full name:** THE BANK OF NEW YORK MELLON SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 28**

- **i. Full name:** HSBC BANK EGYPT

- **ii. LEI, if any:** 2138001Q77JDLESS4Y50

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 29**

- **i. Full name:** HSBC BANK (TAIWAN) LIMITED

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 30**

- **i. Full name:** EUROCLEAR BELGIUM

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 31**

- **i. Full name:** SKANDINAVISKA ENSKILDA BANKEN, STOCKHOLM

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 32**

- **i. Full name:** Skandinaviska Enskilda Banken, Helsinki branch

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 33**

- **i. Full name:** BANK HAPOALIM B.M.

- **ii. LEI, if any:** B6ARUI4946ST4S7WOU88

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 34**

- **i. Full name:** HSBC Shanghai-Hong Kong Stock Connect SPSA

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 35**

- **i. Full name:** CITIBANK EUROPE PLC, HUNGARIAN BRANCH OFFICE

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 36**

- **i. Full name:** The Bank of New York Mellon SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 37**

- **i. Full name:** SKANDINAVISKA ENSKILDA BANKEN AB, COPENHAGEN BRANCH

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 38**

- **i. Full name:** THE BANK OF NEW YORK MELLON

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 39**

- **i. Full name:** CITBANK EUROPE PLC

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 40**

- **i. Full name:** CITITRUST S.A., BOGOTA

- **ii. LEI, if any:** 6SHGI4ZSSLCXXQSBB395

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 41**

- **i. Full name:** DEUTSCHE BANK AG, JAKARTA

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 42**

- **i. Full name:** Qatar National Bank

- **ii. LEI, if any:** 5493OOFFSRVBS0SQXY75

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 43**

- **i. Full name:** HSBC BANK MIDDLE EAST LIMITED, DUBAI

- **ii. LEI, if any:** MLU0ZO3ML4LN2LL2TL39

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 44**

- **i. Full name:** MIZUHO BANK, LTD

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 45**

- **i. Full name:** SKANDINAVISKA ENSKILDA BANKEN AB, OSLO BRANCH

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 46**

- **i. Full name:** The Bank of New York Mellon SA/NV, Asset Servicing, Niederlassung Frankfurt am Main

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 47**

- **i. Full name:** HSBC BANK MIDDLE EAST, KUWAIT

- **ii. LEI, if any:** MLU0ZO3ML4LN2LL2TL39

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 48**

- **i. Full name:** Caceis Bank Spain S.A.U

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 49**

- **i. Full name:** HSBC SHANGHAI

- **ii. LEI, if any:** 2CZOJRADNJXBLT55G526

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 50**

- **i. Full name:** STANDARD BANK OF SOUTH AFRICA, JOHANNESBURG

- **ii. LEI, if any:** QFC8ZCW3Q5PRXU1XTM60

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 51**

- **i. Full name:** DEUTSCHE BANK (MALAYSIA) BERHAD

- **ii. LEI, if any:** 529900DLWFR8HK7DR278

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 52**

- **i. Full name:** PJSC ROSBANK

- **ii. LEI, if any:** HOXMZG026UQNRK6J0C60

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 53**

- **i. Full name:** THE BANK OF NEW YORK MELLON

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 54**

- **i. Full name:** BANK POLSKA KASA OPIEKI S.A.

- **ii. LEI, if any:** 5493000LKS7B3UTF7H35

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Credit Suisse Securities (Europe) Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** DL6FFRRLF74S01HE2M14

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,255.33

**Brokers Record: 2**

- **i. Full name of broker:** Morgan Stanley & Co. International PLC

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 4PQUHN3JPFGFNF3BB653

- **vii. Gross commissions paid by the Fund for the reporting period:** $18,816.53

**Brokers Record: 3**

- **i. Full name of broker:** Merrill Lynch International

- **ii. SEC file number:** N/A

- **iii. CRD number:** 000162416

- **iv. LEI, if any:** GGDZP1UYGU9STUHRDP48

- **vii. Gross commissions paid by the Fund for the reporting period:** $79,527.34

**Brokers Record: 4**

- **i. Full name of broker:** J.P. Morgan Securities (Asia Pacific) Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 871JPXVZ0Z8I863B6V34

- **vii. Gross commissions paid by the Fund for the reporting period:** $21,477.38

**Brokers Record: 5**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $22,278.72

**Brokers Record: 6**

- **i. Full name of broker:** J.P. Morgan Securities PLC

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** K6Q0W1PS1L1O4IQL9C32

- **vii. Gross commissions paid by the Fund for the reporting period:** $112,424.66

**Brokers Record: 7**

- **i. Full name of broker:** Instinet Europe Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 213800MXAKR2LA1VBM44

- **vii. Gross commissions paid by the Fund for the reporting period:** $18,154.80

**Brokers Record: 8**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $21,746.35

**Brokers Record: 9**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $63,923.86

**Brokers Record: 10**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $33,511.54

**Aggregate Commission:** $559,575.21

**Item C.17.a. Principal transaction counterparties.**

| Name                                          | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Morgan Stanley & Co. LLC                      | 008-15869         | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $4,014,131.00             |
| J.P. Morgan Securities PLC                    | N/A               | N/A          | K6Q0W1PS1L1O4IQL9C32 |  |  | $3,443,243.02             |
| UBS Securities Asia Limited                   | N/A               | N/A          | 549300Y35FCB6270R069 |  |  | $3,203,201.49             |
| J.P. Morgan Securities LLC                    | 008-35008         | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $4,749,781.34             |
| Merrill Lynch International                   | N/A               | 000162416    | GGDZP1UYGU9STUHRDP48 |  |  | $3,199,815.43             |
| J.P. Morgan Securities (Asia Pacific) Limited | N/A               | N/A          | 871JPXVZ0Z8I863B6V34 |  |  | $4,093,620.90             |
| Instinet Europe Limited                       | N/A               | N/A          | 213800MXAKR2LA1VBM44 |  |  | $7,716,932.12             |
| Goldman Sachs International                   | N/A               | N/A          | W22LROWP2IHZNBB6K528 |  |  | $3,446,464.45             |
| Vanguard Market Liquidity Fund                | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $3,351,330,957.15         |
| Instinet Pacific Limited                      | N/A               | N/A          | 549300RI6VZUNIR81J81 |  |  | $5,031,494.46             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,417,898,156.36

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $4,163,043,149.52

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 2 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 3 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 4 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 5 Name of institution:** Societe Generale

  - **Line Institutions Record: 6 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 7 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 8 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 9 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 10 Name of institution:** BNP Paribas

  - **Line Institutions Record: 11 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 12 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 13 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 14 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 15 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 16 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 17 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 18 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 19 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 20 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 21 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 22 Name of institution:** The Northern Trust Company

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Federal Money Market Fund                            | 811-02554         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

### Management Investment Record: 2 - VANGUARD ADVICE SELECT INTERNATIONAL GROWTH FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD ADVICE SELECT INTERNATIONAL GROWTH FUND

- **b. Series identification number, if any:** S000074280

- **c. LEI:** 5493007M20UU35TVCB70

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Admiral Shares          | C000231925                                | VAIGX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Baillie Gifford Overseas Ltd

- **ii. SEC file number:** 801-21051

- **iii. CRD number:** 000110296

- **iv. LEI, if any:** 549300OJXEENXLO4FW52

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** JP Morgan SA DTVM

- **ii. LEI, if any:** 5493001LS7J56NZZ3G07

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** UBS Switzerland AG

- **ii. LEI, if any:** 549300WOIFUSNYH0FL22

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** Clearstream

- **ii. LEI, if any:** 549300OL514RA0SXJJ44

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 7**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 8**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** GCD Denmark

- **ii. LEI, if any:** 529900HDNBQ2DD0QHJ07

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 11**

- **i. Full name:** CACEIS Bank Spain SAU

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** BNP Paribas Securities Services SCA

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** Standard Chartered Bank Korea Limited

- **ii. LEI, if any:** NUXTG47HHHM1K2L0SG39

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** DBS Bank Ltd

- **ii. LEI, if any:** ATUEL7OJR5057F2PV266

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** Bank Leumi leIsrael BM

- **ii. LEI, if any:** 7JDSZWRGUQY2DSTWCR57

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 21**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 27**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 28**

- **i. Full name:** BNP Paribas Securities Services SCA

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 29**

- **i. Full name:** Mizuho Bank Ltd

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMORGAN CHASE BANK, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** UBS Securities International Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** EP50CUEHE876XUVAWT56

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,339.59

**Brokers Record: 2**

- **i. Full name of broker:** JEFFERIES INTERNATIONAL LIMITED

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** S5THZMDUJCTQZBTRVI98

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,734.36

**Brokers Record: 3**

- **i. Full name of broker:** HSBC Bank PLC

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** MP6I5ZYZBEU3UXPYFY54

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,325.77

**Brokers Record: 4**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,281.57

**Brokers Record: 5**

- **i. Full name of broker:** Credit Suisse AG

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** ANGGYXNX0JLX3X63JN86

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,593.59

**Brokers Record: 6**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,801.75

**Brokers Record: 7**

- **i. Full name of broker:** Merrill Lynch International

- **ii. SEC file number:** N/A

- **iii. CRD number:** 000162416

- **iv. LEI, if any:** GGDZP1UYGU9STUHRDP48

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,738.12

**Brokers Record: 8**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,532.30

**Brokers Record: 9**

- **i. Full name of broker:** RBC Europe Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** TXDSU46SXBWIGJ8G8E98

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,427.48

**Brokers Record: 10**

- **i. Full name of broker:** Goldman Sachs International

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** W22LROWP2IHZNBB6K528

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,004.83

**Aggregate Commission:** $51,889.17

**Item C.17.a. Principal transaction counterparties.**

| Name                           | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Market Liquidity Fund | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $132,884,732.00           |
| Goldman Sachs International    | N/A               | N/A          | W22LROWP2IHZNBB6K528 |  |  | $271,848.82               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $133,156,580.82

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $80,462,121.08

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 2 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 3 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 4 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 5 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 6 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 7 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 8 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 9 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 10 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 11 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 12 Name of institution:** Societe Generale

  - **Line Institutions Record: 13 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 14 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 15 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 16 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 17 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 18 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 19 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 20 Name of institution:** BNP Paribas

  - **Line Institutions Record: 21 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 22 Name of institution:** State Street Bank and Trust Company

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 3 - VANGUARD INTERNATIONAL EXPLORER FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD INTERNATIONAL EXPLORER FUND

- **b. Series identification number, if any:** S000004407

- **c. LEI:** 88VXU7452NE7ZNF35F68

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor Shares         | C000012165                                | VINEX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. Is the securities lending agent an affiliated person...?** Yes

**Securities Lending Record: 2**

- **i. Full name of securities lending agent:** Brown Brothers Harriman & Co.

- **ii. LEI, if any:** 5493006KMX1VFTPYPW14

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [x] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $24,823,670.11

- **g. Provide the net income from securities lending activities:** $938,381.63

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Baillie Gifford Overseas Ltd

- **ii. SEC file number:** 801-21051

- **iii. CRD number:** 000110296

- **iv. LEI, if any:** 549300OJXEENXLO4FW52

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Investment Advisers Record: 2**

- **i. Full name:** Wellington Management Company LLP

- **ii. SEC file number:** 801-15908

- **iii. CRD number:** 000106595

- **iv. LEI, if any:** 549300YHP12TEZNLCX41

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Investment Advisers Record: 3**

- **i. Full name:** Schroder Investment Management North America Inc.

- **ii. SEC file number:** 801-15834

- **iii. CRD number:** 000105820

- **iv. LEI, if any:** 5493003P29LAPF3HFV10

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** PT Bank HSBC Indonesia

- **ii. LEI, if any:** 213800HW5IDIRLWH1203

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** Citibank AS

- **ii. LEI, if any:** CWZ8NZDH5SKY12Q4US31

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** Banco Nacional de Mexico SA

- **ii. LEI, if any:** 2SFFM4FUIE05S37WFU55

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** BNP Paribas Securities Services SCA

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** JP Morgan SA DTVM

- **ii. LEI, if any:** 5493001LS7J56NZZ3G07

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** GCD Denmark

- **ii. LEI, if any:** 529900HDNBQ2DD0QHJ07

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 12**

- **i. Full name:** Citibank NA

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** Citibank del Peru SA

- **ii. LEI, if any:** MYTK5NHHP1G8TVFGT193

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** CACEIS Bank Spain SAU

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** Bank Leumi leIsrael BM

- **ii. LEI, if any:** 7JDSZWRGUQY2DSTWCR57

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** DBS Bank Ltd

- **ii. LEI, if any:** ATUEL7OJR5057F2PV266

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** Bank Handlowy w Warszawie SA

- **ii. LEI, if any:** XLEZHWWOI4HFQDGL4793

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** UniCredit Bank Czech Republic and Slovakia as

- **ii. LEI, if any:** KR6LSKV3BTSJRD41IF75

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** UBS Switzerland AG

- **ii. LEI, if any:** 549300WOIFUSNYH0FL22

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** HSBC Bank China Company Limited

- **ii. LEI, if any:** 2CZOJRADNJXBLT55G526

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** Standard Chartered Bank Thai Public Company Limited

- **ii. LEI, if any:** 549300O1LQYCQ7G1IM57

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 27**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 28**

- **i. Full name:** Mizuho Bank Ltd

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 29**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 30**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 31**

- **i. Full name:** Cititrust Colombia SA

- **ii. LEI, if any:** 549300242J3IJCOSGI49

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 32**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 33**

- **i. Full name:** Standard Chartered Bank Korea Limited

- **ii. LEI, if any:** NUXTG47HHHM1K2L0SG39

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 34**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 35**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 36**

- **i. Full name:** HSBC Bank Middle East Limited

- **ii. LEI, if any:** 549300F99IL9YJDWH369

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 37**

- **i. Full name:** BNP Paribas Securities Services SCA

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 38**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 39**

- **i. Full name:** Standard Chartered Bank Kenya Limited

- **ii. LEI, if any:** 549300RBHWW5EJIRG629

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 40**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 41**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 42**

- **i. Full name:** HSBC Bank Malaysia Berhad

- **ii. LEI, if any:** P3RPN9OJFCXUPJWB1Q09

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 43**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 44**

- **i. Full name:** HSBC Continental Europe

- **ii. LEI, if any:** MP6I5ZYZBEU3UXPYFY54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 45**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Goldman Sachs International

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** W22LROWP2IHZNBB6K528

- **vii. Gross commissions paid by the Fund for the reporting period:** $36,843.46

**Brokers Record: 2**

- **i. Full name of broker:** Merrill Lynch International

- **ii. SEC file number:** N/A

- **iii. CRD number:** 000162416

- **iv. LEI, if any:** GGDZP1UYGU9STUHRDP48

- **vii. Gross commissions paid by the Fund for the reporting period:** $64,208.99

**Brokers Record: 3**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $78,745.12

**Brokers Record: 4**

- **i. Full name of broker:** KEPLER CAPITAL MARKETS LLC

- **ii. SEC file number:** 008-67194

- **iii. CRD number:** 000139148

- **iv. LEI, if any:** 254900VCHS9DMDUVZN16

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $60,281.82

**Brokers Record: 5**

- **i. Full name of broker:** Barclays Capital Securities Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** K9WDOH4D2PYBSLSOB484

- **vii. Gross commissions paid by the Fund for the reporting period:** $34,002.83

**Brokers Record: 6**

- **i. Full name of broker:** Exane

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 969500UP76J52A9OXU27

- **vii. Gross commissions paid by the Fund for the reporting period:** $38,022.93

**Brokers Record: 7**

- **i. Full name of broker:** Instinet Europe Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 213800MXAKR2LA1VBM44

- **vii. Gross commissions paid by the Fund for the reporting period:** $35,655.75

**Brokers Record: 8**

- **i. Full name of broker:** Berenberg Capital Markets LLC

- **ii. SEC file number:** 008-68821

- **iii. CRD number:** 000156757

- **iv. LEI, if any:** 5493007EG0CYRKKG9L11

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $38,448.64

**Brokers Record: 9**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $52,004.84

**Brokers Record: 10**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $293,874.58

**Aggregate Commission:** $1,579,587.75

**Item C.17.a. Principal transaction counterparties.**

| Name                               | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| JEFFERIES INTERNATIONAL LIMITED    | N/A               | N/A          | S5THZMDUJCTQZBTRVI98 |  |  | $179,460.45               |
| PARETO SECURITIES AS               | 008-50796         | 000044734    | 549300H0QDQHRJXRM779 |  |  | $703,070.44               |
| Goldman Sachs & Co. LLC            | 008-00129         | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $1,721,424,505.32         |
| INVESTEC BANK PLC                  | N/A               | N/A          | 84S0VF8TSMH0T6D4K848 |  |  | $189,231.74               |
| Jefferies LLC                      | 008-15074         | 000002347    | 58PU97L1C0WSRCWADL48 | NY      | US        | $684,102.00               |
| Numis Securities Inc.              | 008-66139         | 000128471    | 213800GW3YZJDBPALN37 | NY      | US        | $280,938.41               |
| Berenberg Capital Markets LLC      | 008-68821         | 000156757    | 5493007EG0CYRKKG9L11 | NY      | US        | $966,310.87               |
| Vanguard Market Liquidity Fund     | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $1,286,387,354.08         |
| Citigroup Global Markets Europe AG | N/A               | N/A          | 6TJCK1B7E7UTXP528Y04 |  |  | $2,637,205.50             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,013,452,178.81

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $2,006,384,092.33

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 2 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 3 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 4 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 5 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 6 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 7 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 8 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 9 Name of institution:** Societe Generale

  - **Line Institutions Record: 10 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 11 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 12 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 13 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 14 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 15 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 16 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 17 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 18 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 19 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 20 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 21 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 22 Name of institution:** BNP Paribas

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 4 - VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND

- **b. Series identification number, if any:** S000040750

- **c. LEI:** 549300JYQ3EMXCXKZG97

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | ETF Shares              | C000126408                                | VWOB                         |
|                           2 | Admiral Shares          | C000126407                                | VGAVX                        |
|                           3 | Institutional Shares    | C000126409                                | VGIVX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 12d1-4 (17 CFR 270.12d1-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. SEC file number:** 801-11953

- **iii. CRD number:** 000105958

- **iv. LEI, if any:** 5493002789CX3L0CJP65

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** Euroclear Bank S.A./N.V.

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Morgan Stanley & Co. LLC            | 008-15869         | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $86,725,909.54            |
| J.P. Morgan Securities LLC          | 008-35008         | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $93,548,517.54            |
| Jefferies LLC                       | 008-15074         | 000002347    | 58PU97L1C0WSRCWADL48 | NY      | US        | $136,475,080.90           |
| Barclays Capital Securities Limited | N/A               | N/A          | K9WDOH4D2PYBSLSOB484 |  |  | $54,602,721.25            |
| Barclays Capital Inc.               | 008-41342         | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $68,001,377.75            |
| BofA Securities, Inc.               | 008-69787         | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $78,015,283.36            |
| Vanguard Market Liquidity Fund      | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $632,046,385.00           |
| Citigroup Global Markets Inc.       | 008-08177         | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $46,945,542.51            |
| HSBC Securities (USA) Inc.          | 008-41562         | 000019585    | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $47,768,826.38            |
| Goldman Sachs & Co. LLC             | 008-00129         | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $95,192,769.70            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,632,210,187.26

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $3,103,428,263.97

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 2 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 3 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 4 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 5 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 6 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 7 Name of institution:** Societe Generale

  - **Line Institutions Record: 8 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 9 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 10 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 11 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 12 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 13 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 14 Name of institution:** BNP Paribas

  - **Line Institutions Record: 15 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 16 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 17 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 18 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 19 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 20 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 21 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 22 Name of institution:** The Northern Trust Company

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

### Management Investment Record: 5 - VANGUARD INTERNATIONAL DIVIDEND APPRECIATION INDEX FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD INTERNATIONAL DIVIDEND APPRECIATION INDEX FUND

- **b. Series identification number, if any:** S000051871

- **c. LEI:** 549300VIETCJZ6OBU793

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 2

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | ETF Shares              | C000163311                                | VIGI                         |
|                           2 | Admiral Shares          | C000163310                                | VIAAX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. Is the securities lending agent an affiliated person...?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [ ] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [x] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $11,861,860.05

- **g. Provide the net income from securities lending activities:** $153,844.59

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 12d1-4 (17 CFR 270.12d1-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. SEC file number:** 801-11953

- **iii. CRD number:** 000105958

- **iv. LEI, if any:** 5493002789CX3L0CJP65

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** The Bank of New York Mellon SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** EUROCLEAR BELGIUM

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 3**

- **i. Full name:** HSBC BANK EGYPT

- **ii. LEI, if any:** 2138001Q77JDLESS4Y50

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** DEUTSCHE BANK (MALAYSIA) BERHAD

- **ii. LEI, if any:** 529900DLWFR8HK7DR278

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** DEUTSCHE BANK AG, JAKARTA

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** THE BANK OF NEW YORK MELLON

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 7**

- **i. Full name:** BANK POLSKA KASA OPIEKI S.A.

- **ii. LEI, if any:** 5493000LKS7B3UTF7H35

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** CREDIT SUISSE (SWITZERLAND) LTD

- **ii. LEI, if any:** 549300CWR0W0BCS9Q144

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** HSBC Shanghai-Hong Kong Stock Connect SPSA

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** HONGKONG AND SHANGHAI BANKING CORPORATION, HONG KONG

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** SKANDINAVISKA ENSKILDA BANKEN, STOCKHOLM

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** STANDARD BANK OF SOUTH AFRICA, JOHANNESBURG

- **ii. LEI, if any:** QFC8ZCW3Q5PRXU1XTM60

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** DEUTSCHE BANK-SEOUL BRANCH

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** Banco Santander Chile

- **ii. LEI, if any:** 3YJP8HORPAEXJ80D6368

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** CITITRUST S.A., BOGOTA

- **ii. LEI, if any:** 6SHGI4ZSSLCXXQSBB395

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** THE BANK OF NEW YORK MELLON SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 17**

- **i. Full name:** Caceis Bank Spain S.A.U

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** HSBC NEW ZEALAND

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** Citibank Europe Plc

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** THE BANK OF NEW YORK MELLON

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 22**

- **i. Full name:** HSBC BANK MIDDLE EAST LIMITED, DUBAI

- **ii. LEI, if any:** MLU0ZO3ML4LN2LL2TL39

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** SKANDINAVISKA ENSKILDA BANKEN AB, OSLO BRANCH

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** EUROCLEAR BANK, BRUSSELS

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 25**

- **i. Full name:** HSBC SHANGHAI

- **ii. LEI, if any:** 2CZOJRADNJXBLT55G526

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** CITIBANK MAGHREB

- **ii. LEI, if any:** 6SHGI4ZSSLCXXQSBB395

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 27**

- **i. Full name:** HSBC SHENZHEN

- **ii. LEI, if any:** 2CZOJRADNJXBLT55G526

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 28**

- **i. Full name:** DEUTSCHE BANK AG MUMBAI

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 29**

- **i. Full name:** HONGKONG AND SHANGAI BANKING CORPORATION, BANGKOK

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 30**

- **i. Full name:** CITIBANK EUROPE PLC, HUNGARIAN BRANCH OFFICE

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 31**

- **i. Full name:** DEUTSCHE BANK AG, MANILA BRANCH

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 32**

- **i. Full name:** CIBC MELLON TRUST COMPANY

- **ii. LEI, if any:** 549300IYUUH221WBZ505

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 33**

- **i. Full name:** HSBC SAUDI ARABIA

- **ii. LEI, if any:** 558600MV09XWUB38H245

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 34**

- **i. Full name:** Skandinaviska Enskilda Banken, Helsinki branch

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 35**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 36**

- **i. Full name:** HSBC BANK (TAIWAN) LIMITED

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 37**

- **i. Full name:** CITIBANAMEX, MEXICO CITY

- **ii. LEI, if any:** 2SFFM4FUIE05S37WFU55

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 38**

- **i. Full name:** CITIBANK N.A., BRAZILIAN BRANCH

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 39**

- **i. Full name:** SKANDINAVISKA ENSKILDA BANKEN AB, COPENHAGEN BRANCH

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 40**

- **i. Full name:** Citibank Europe Plc, Greece branch

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 41**

- **i. Full name:** Standard Chartered Bank (Singapore) Limited

- **ii. LEI, if any:** 549300MDYVVHJ8D1DW28

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 42**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 43**

- **i. Full name:** MIZUHO BANK, LTD

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 44**

- **i. Full name:** DEUTSCHE BANK, ISTANBUL

- **ii. LEI, if any:** 789000N5SE3LWDK7OI11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 45**

- **i. Full name:** BANK HAPOALIM B.M.

- **ii. LEI, if any:** B6ARUI4946ST4S7WOU88

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 46**

- **i. Full name:** PJSC ROSBANK

- **ii. LEI, if any:** HOXMZG026UQNRK6J0C60

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 47**

- **i. Full name:** The Bank of New York Mellon SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 48**

- **i. Full name:** THE BANK OF NEW YORK MELLON SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 49**

- **i. Full name:** The Bank of New York Mellon SA/NV, Asset Servicing, Niederlassung Frankfurt am Main

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BMO Nesbitt Burns Securities Ltd.

- **ii. SEC file number:** 008-50538

- **iii. CRD number:** 000044057

- **iv. LEI, if any:** 54JEJPF5RL5INKZRDO43

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,447.17

**Brokers Record: 2**

- **i. Full name of broker:** Santander Investment Securities Inc.

- **ii. SEC file number:** N/A

- **iii. CRD number:** 000037216

- **iv. LEI, if any:** 549300FT36TF8GQFTL08

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,481.62

**Brokers Record: 3**

- **i. Full name of broker:** NATIONAL BANK OF CANADA

- **ii. SEC file number:** 008-39947

- **iii. CRD number:** 000022698

- **iv. LEI, if any:** BSGEFEIOM18Y80CKCV46

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,332.40

**Brokers Record: 4**

- **i. Full name of broker:** Scotia Capital Inc.

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 5493009NLZXZGJDOPC94

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,311.23

**Brokers Record: 5**

- **i. Full name of broker:** J.P. Morgan India Private Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 5493003NTMEZM4AYVW24

- **vii. Gross commissions paid by the Fund for the reporting period:** $14,190.80

**Brokers Record: 6**

- **i. Full name of broker:** Merrill Lynch International

- **ii. SEC file number:** N/A

- **iii. CRD number:** 000162416

- **iv. LEI, if any:** GGDZP1UYGU9STUHRDP48

- **vii. Gross commissions paid by the Fund for the reporting period:** $207,572.40

**Brokers Record: 7**

- **i. Full name of broker:** RBS Asia Securities Indonesia, PT

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 213800CRN3JBM6BGI564

- **vii. Gross commissions paid by the Fund for the reporting period:** $19,287.56

**Brokers Record: 8**

- **i. Full name of broker:** Credit Suisse Securities (USA) LLC

- **ii. SEC file number:** 008-00422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $44,209.24

**Brokers Record: 9**

- **i. Full name of broker:** Instinet Europe Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 213800MXAKR2LA1VBM44

- **vii. Gross commissions paid by the Fund for the reporting period:** $61,750.65

**Brokers Record: 10**

- **i. Full name of broker:** J.P. Morgan Securities PLC

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** K6Q0W1PS1L1O4IQL9C32

- **vii. Gross commissions paid by the Fund for the reporting period:** $27,029.89

**Aggregate Commission:** $502,922.16

**Item C.17.a. Principal transaction counterparties.**

| Name                                        | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Market Liquidity Fund              | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $2,459,249,065.96         |
| Goldman Sachs International                 | N/A               | N/A          | W22LROWP2IHZNBB6K528 |  |  | $798,156.68               |
| Goldman Sachs Australia Pty Ltd             | N/A               | N/A          | 549300GGFLRSTQ15VF10 |  |  | $3,871,408.87             |
| Morgan Stanley Australia Securities Limited | N/A               | N/A          | 6NYZXKE9GUP7XNI56S88 |  |  | $924,003.30               |
| JEFFERIES INTERNATIONAL LIMITED             | N/A               | N/A          | S5THZMDUJCTQZBTRVI98 |  |  | $859,072.86               |
| J.P. Morgan Securities PLC                  | N/A               | N/A          | K6Q0W1PS1L1O4IQL9C32 |  |  | $653,765.89               |
| Barclays Capital Inc.                       | 008-41342         | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $674,231.46               |
| Instinet Europe Limited                     | N/A               | N/A          | 213800MXAKR2LA1VBM44 |  |  | $1,547,162.79             |
| Credit Suisse Group AG                      | N/A               | N/A          | 549300506SI9CRFV9Z86 |  |  | $2,460,276.42             |
| Exane                                       | N/A               | N/A          | 969500UP76J52A9OXU27 |  |  | $1,782,960.35             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $2,480,540,329.08

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $4,103,463,851.22

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 2 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 3 Name of institution:** Societe Generale

  - **Line Institutions Record: 4 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 5 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 6 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 7 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 8 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 9 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 10 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 11 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 12 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 13 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 14 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 15 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 16 Name of institution:** BNP Paribas

  - **Line Institutions Record: 17 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 18 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 19 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 20 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 21 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 22 Name of institution:** Credit Suisse AG, New York Branch

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

### Management Investment Record: 6 - VANGUARD ADVICE SELECT GLOBAL VALUE FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD ADVICE SELECT GLOBAL VALUE FUND

- **b. Series identification number, if any:** S000074282

- **c. LEI:** 549300W2UNIPENI8MJ96

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Admiral Shares          | C000231927                                | VAGVX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Wellington Management Company LLP

- **ii. SEC file number:** 801-10798

- **iii. CRD number:** 000104947

- **iv. LEI, if any:** 549300XB35O8F9WO1X43

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** JP Morgan Bank International Limited Liability Company

- **ii. LEI, if any:** 549300B831LSRSI6RA15

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** JP Morgan SA DTVM

- **ii. LEI, if any:** 5493001LS7J56NZZ3G07

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** UBS Switzerland AG

- **ii. LEI, if any:** 549300WOIFUSNYH0FL22

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** Standard Chartered Bank Korea Limited

- **ii. LEI, if any:** NUXTG47HHHM1K2L0SG39

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** DBS Bank Ltd

- **ii. LEI, if any:** ATUEL7OJR5057F2PV266

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** Mizuho Bank Ltd

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** HSBC Bank China Company Limited

- **ii. LEI, if any:** 2CZOJRADNJXBLT55G526

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** Banco Santander Chile

- **ii. LEI, if any:** 3YJP8HORPAEXJ80D6368

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** Banco Nacional de Mexico SA

- **ii. LEI, if any:** 2SFFM4FUIE05S37WFU55

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** GCD Denmark

- **ii. LEI, if any:** 529900HDNBQ2DD0QHJ07

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 16**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** CACEIS Bank Spain SAU

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 19**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** BNP Paribas Securities Services SCA

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 24**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 26**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMORGAN CHASE BANK, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,408.28

**Brokers Record: 2**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,600.05

**Brokers Record: 3**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,950.70

**Brokers Record: 4**

- **i. Full name of broker:** UBS Securities Asia Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 549300Y35FCB6270R069

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,322.10

**Brokers Record: 5**

- **i. Full name of broker:** Penserra Securities LLC

- **ii. SEC file number:** 008-67773

- **iii. CRD number:** 000145994

- **iv. LEI, if any:** 549300WY8ZBI168Y6Z05

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,490.82

**Brokers Record: 6**

- **i. Full name of broker:** Credit Suisse AG

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** ANGGYXNX0JLX3X63JN86

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,066.04

**Brokers Record: 7**

- **i. Full name of broker:** Cabrera Capital Markets LLC

- **ii. SEC file number:** 008-246406

- **iii. CRD number:** 000010081

- **iv. LEI, if any:** 254900BIRJU76JRBK985

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,222.46

**Brokers Record: 8**

- **i. Full name of broker:** Merrill Lynch International

- **ii. SEC file number:** N/A

- **iii. CRD number:** 000162416

- **iv. LEI, if any:** GGDZP1UYGU9STUHRDP48

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,543.24

**Brokers Record: 9**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,443.43

**Brokers Record: 10**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,225.18

**Aggregate Commission:** $107,425.17

**Item C.17.a. Principal transaction counterparties.**

| Name                           | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Market Liquidity Fund | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $155,631,138.00           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $155,631,138.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $122,785,309.31

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Societe Generale

  - **Line Institutions Record: 2 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 3 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 4 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 5 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 6 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 7 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 8 Name of institution:** BNP Paribas

  - **Line Institutions Record: 9 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 10 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 11 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 12 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 13 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 14 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 15 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 16 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 17 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 18 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 19 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 20 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 21 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 22 Name of institution:** Bank of Montreal, Chicago Branch

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 7 - VANGUARD SELECTED VALUE FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD SELECTED VALUE FUND

- **b. Series identification number, if any:** S000004409

- **c. LEI:** 8OOZS8STC87M07UR3V16

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor Shares         | C000012167                                | VASVX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. Is the securities lending agent an affiliated person...?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [ ] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [x] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $12,177,013.53

- **g. Provide the net income from securities lending activities:** $109,133.84

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Cooke & Bieler, LP

- **ii. SEC file number:** 801-60411

- **iii. CRD number:** 000113859

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Investment Advisers Record: 2**

- **i. Full name:** Pzena Investment Management, LLC

- **ii. SEC file number:** 801-50838

- **iii. CRD number:** 000106847

- **iv. LEI, if any:** 6735QA45DYBXWQO11N07

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Investment Advisers Record: 3**

- **i. Full name:** Donald Smith & Co., Inc.

- **ii. SEC file number:** 801-10798

- **iii. CRD number:** 000104947

- **iv. LEI, if any:** 549300XB35O8F9WO1X43

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank and Trust Company, United Kingdom branch

- **ii. LEI, if any:** 213800YAZLPV26WFM449

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** Intesa Sanpaolo S.p.A.

- **ii. LEI, if any:** 2W8N8UU78PMDQKZENC08

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 9**

- **i. Full name:** State Street Bank International GmbH

- **ii. LEI, if any:** ZMHGNT7ZPKZ3UFZ8EO46

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** Credit Suisse (Switzerland) Limited

- **ii. LEI, if any:** 549300CWR0W0BCS9Q144

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** State Street Trust Company Canada

- **ii. LEI, if any:** 549300L71XG2CTQ2V827

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** Mizuho Bank, Limited

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** Euroclear Bank S.A./N.V.

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $76,235.40

**Brokers Record: 2**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $244,192.32

**Brokers Record: 3**

- **i. Full name of broker:** Wells Fargo Securities, LLC

- **ii. SEC file number:** 008-22947

- **iii. CRD number:** 000007665

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $76,069.01

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $163,247.96

**Brokers Record: 5**

- **i. Full name of broker:** GORDON,HASKETT CAPITAL CORPORATION

- **ii. SEC file number:** 008-33944

- **iii. CRD number:** 000007976

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $103,085.63

**Brokers Record: 6**

- **i. Full name of broker:** Abel Noser, LLC

- **ii. SEC file number:** 008-69809

- **iii. CRD number:** 000284714

- **iv. LEI, if any:** 549300UQY3DBDP2Y2N55

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $304,817.04

**Brokers Record: 7**

- **i. Full name of broker:** Cantor Fitzgerald & Co.

- **ii. SEC file number:** 008-00201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $79,760.10

**Brokers Record: 8**

- **i. Full name of broker:** National Financial Services LLC

- **ii. SEC file number:** 008-26740

- **iii. CRD number:** 000013041

- **iv. LEI, if any:** 549300JRHF1MHHWUAW04

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $97,328.44

**Brokers Record: 9**

- **i. Full name of broker:** Sanford C. Bernstein & Co., LLC

- **ii. SEC file number:** 008-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $352,481.40

**Brokers Record: 10**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $95,233.94

**Aggregate Commission:** $2,433,268.33

**Item C.17.a. Principal transaction counterparties.**

| Name                           | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Market Liquidity Fund | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $4,845,613,489.26         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $4,845,613,489.26

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $6,219,954,070.86

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 2 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 3 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 4 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 5 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 6 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 7 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 8 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 9 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 10 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 11 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 12 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 13 Name of institution:** BNP Paribas

  - **Line Institutions Record: 14 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 15 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 16 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 17 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 18 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 19 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 20 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 21 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 22 Name of institution:** Societe Generale

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 8 - VANGUARD ADVICE SELECT DIVIDEND GROWTH FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD ADVICE SELECT DIVIDEND GROWTH FUND

- **b. Series identification number, if any:** S000074281

- **c. LEI:** 549300QR689HIE1D3I94

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Admiral Shares          | C000231926                                | VADGX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Wellington Management Company LLP

- **ii. SEC file number:** 801-15908

- **iii. CRD number:** 000106595

- **iv. LEI, if any:** 549300YHP12TEZNLCX41

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** UBS Switzerland AG

- **ii. LEI, if any:** 549300WOIFUSNYH0FL22

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 5**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 7**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMORGAN CHASE BANK, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Cowen and Company, LLC

- **ii. SEC file number:** 008-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,015.66

**Brokers Record: 2**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,394.37

**Brokers Record: 3**

- **i. Full name of broker:** Sanford C. Bernstein & Co., LLC

- **ii. SEC file number:** 008-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $555.98

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,092.83

**Brokers Record: 5**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,412.80

**Brokers Record: 6**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $935.16

**Brokers Record: 7**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 008-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $750.53

**Brokers Record: 8**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $725.78

**Brokers Record: 9**

- **i. Full name of broker:** Credit Suisse Securities (USA) LLC

- **ii. SEC file number:** 008-00422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $638.48

**Brokers Record: 10**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $822.52

**Aggregate Commission:** $12,979.48

**Item C.17.a. Principal transaction counterparties.**

| Name                           | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Market Liquidity Fund | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $93,294,107.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $93,294,107.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $80,479,920.40

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 2 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 3 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 4 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 5 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 6 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 7 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 8 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 9 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 10 Name of institution:** Societe Generale

  - **Line Institutions Record: 11 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 12 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 13 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 14 Name of institution:** BNP Paribas

  - **Line Institutions Record: 15 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 16 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 17 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 18 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 19 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 20 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 21 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 22 Name of institution:** Barclays Bank plc

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 9 - VANGUARD GLOBAL MINIMUM VOLATILITY FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD GLOBAL MINIMUM VOLATILITY FUND

- **b. Series identification number, if any:** S000043242

- **c. LEI:** 549300TB4QCT8P76XG31

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 2

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Admiral Shares          | C000133791                                | VMNVX                        |
|                           2 | Investor Shares         | C000133792                                | VMVFX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. Is the securities lending agent an affiliated person...?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [ ] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [x] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $19,419,706.51

- **g. Provide the net income from securities lending activities:** $672,136.02

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. SEC file number:** 801-11953

- **iii. CRD number:** 000105958

- **iv. LEI, if any:** 5493002789CX3L0CJP65

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** THE BANK OF NEW YORK MELLON

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** HONGKONG AND SHANGHAI BANKING CORPORATION, HONG KONG

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** CITBANK EUROPE PLC

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** HSBC BANK MIDDLE EAST, KUWAIT

- **ii. LEI, if any:** MLU0ZO3ML4LN2LL2TL39

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** Skandinaviska Enskilda Banken, Helsinki branch

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** CITIBANK EUROPE PLC, HUNGARIAN BRANCH OFFICE

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** The Bank of New York Mellon SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 9**

- **i. Full name:** EUROCLEAR BANK, BRUSSELS

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 10**

- **i. Full name:** THE BANK OF NEW YORK MELLON SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 11**

- **i. Full name:** EUROCLEAR BELGIUM

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 12**

- **i. Full name:** HSBC Shanghai-Hong Kong Stock Connect SPSA

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** CIBC MELLON TRUST COMPANY

- **ii. LEI, if any:** 549300IYUUH221WBZ505

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** HSBC BANK EGYPT

- **ii. LEI, if any:** 2138001Q77JDLESS4Y50

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** CITIBANK MAGHREB

- **ii. LEI, if any:** 6SHGI4ZSSLCXXQSBB395

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** Standard Chartered Bank (Singapore) Limited

- **ii. LEI, if any:** 549300MDYVVHJ8D1DW28

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** HSBC BANK (TAIWAN) LIMITED

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** HSBC NEW ZEALAND

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** Citibank Europe Plc

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** BANK HAPOALIM B.M.

- **ii. LEI, if any:** B6ARUI4946ST4S7WOU88

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** SKANDINAVISKA ENSKILDA BANKEN AB, OSLO BRANCH

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** Banco Santander Chile

- **ii. LEI, if any:** 3YJP8HORPAEXJ80D6368

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** CITITRUST S.A., BOGOTA

- **ii. LEI, if any:** 6SHGI4ZSSLCXXQSBB395

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** The Bank of New York Mellon SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 26**

- **i. Full name:** HONGKONG AND SHANGAI BANKING CORPORATION, BANGKOK

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 27**

- **i. Full name:** CITIBANK N.A., SUCURSAL DE LIMA

- **ii. LEI, if any:** MYTK5NHHP1G8TVFGT193

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 28**

- **i. Full name:** CITIBANK N.A., BRAZILIAN BRANCH

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 29**

- **i. Full name:** SKANDINAVISKA ENSKILDA BANKEN AB, COPENHAGEN BRANCH

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 30**

- **i. Full name:** DEUTSCHE BANK AG, MANILA BRANCH

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 31**

- **i. Full name:** HSBC SAUDI ARABIA

- **ii. LEI, if any:** 558600MV09XWUB38H245

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 32**

- **i. Full name:** THE BANK OF NEW YORK MELLON SA/NV

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 33**

- **i. Full name:** PJSC ROSBANK

- **ii. LEI, if any:** HOXMZG026UQNRK6J0C60

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 34**

- **i. Full name:** MIZUHO BANK, LTD

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 35**

- **i. Full name:** DEUTSCHE BANK (MALAYSIA) BERHAD

- **ii. LEI, if any:** 529900DLWFR8HK7DR278

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 36**

- **i. Full name:** BANK POLSKA KASA OPIEKI S.A.

- **ii. LEI, if any:** 5493000LKS7B3UTF7H35

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 37**

- **i. Full name:** DEUTSCHE BANK-SEOUL BRANCH

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 38**

- **i. Full name:** Citibank Europe Plc, Greece branch

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 39**

- **i. Full name:** CREDIT SUISSE (SWITZERLAND) LTD

- **ii. LEI, if any:** 549300CWR0W0BCS9Q144

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 40**

- **i. Full name:** Caceis Bank Spain S.A.U

- **ii. LEI, if any:** 95980020140005970915

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 41**

- **i. Full name:** The Bank of New York Mellon SA/NV, Asset Servicing, Niederlassung Frankfurt am Main

- **ii. LEI, if any:** MMYX0N4ZEZ13Z4XCG897

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 42**

- **i. Full name:** THE BANK OF NEW YORK MELLON

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 43**

- **i. Full name:** DEUTSCHE BANK AG MUMBAI

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 44**

- **i. Full name:** The Bank of New York Mellon

- **ii. LEI, if any:** HPFHU0OQ28E4N0NFVK49

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 45**

- **i. Full name:** HSBC BANK MIDDLE EAST LIMITED, DUBAI

- **ii. LEI, if any:** MLU0ZO3ML4LN2LL2TL39

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 46**

- **i. Full name:** DEUTSCHE BANK, ISTANBUL

- **ii. LEI, if any:** 789000N5SE3LWDK7OI11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 47**

- **i. Full name:** DEUTSCHE BANK AG KARACHI BRANCH

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 48**

- **i. Full name:** HSBC SHENZHEN

- **ii. LEI, if any:** 2CZOJRADNJXBLT55G526

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 49**

- **i. Full name:** CITIBANAMEX, MEXICO CITY

- **ii. LEI, if any:** 2SFFM4FUIE05S37WFU55

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 50**

- **i. Full name:** HSBC SHANGHAI

- **ii. LEI, if any:** 2CZOJRADNJXBLT55G526

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 51**

- **i. Full name:** SKANDINAVISKA ENSKILDA BANKEN, STOCKHOLM

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 52**

- **i. Full name:** Qatar National Bank

- **ii. LEI, if any:** 5493OOFFSRVBS0SQXY75

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 53**

- **i. Full name:** STANDARD BANK OF SOUTH AFRICA, JOHANNESBURG

- **ii. LEI, if any:** QFC8ZCW3Q5PRXU1XTM60

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 008-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $46,999.48

**Brokers Record: 2**

- **i. Full name of broker:** Credit Suisse Securities (USA) LLC

- **ii. SEC file number:** 008-00422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,426.12

**Brokers Record: 3**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $45,390.36

**Brokers Record: 4**

- **i. Full name of broker:** Merrill Lynch International

- **ii. SEC file number:** N/A

- **iii. CRD number:** 000162416

- **iv. LEI, if any:** GGDZP1UYGU9STUHRDP48

- **vii. Gross commissions paid by the Fund for the reporting period:** $14,972.71

**Brokers Record: 5**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 008-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $33,290.13

**Brokers Record: 6**

- **i. Full name of broker:** Instinet Pacific Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 549300RI6VZUNIR81J81

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,205.98

**Brokers Record: 7**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $18,835.04

**Brokers Record: 8**

- **i. Full name of broker:** Instinet Europe Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 213800MXAKR2LA1VBM44

- **vii. Gross commissions paid by the Fund for the reporting period:** $35,132.91

**Brokers Record: 9**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 008-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,101.68

**Brokers Record: 10**

- **i. Full name of broker:** Macquarie Capital Securities (Singapore) Pte. Limited

- **ii. SEC file number:** N/A

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 5493007PKIT1P8UHLH29

- **vii. Gross commissions paid by the Fund for the reporting period:** $14,062.52

**Aggregate Commission:** $387,967.65

**Item C.17.a. Principal transaction counterparties.**

| Name                                                  | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Macquarie Capital Securities (Singapore) Pte. Limited | N/A               | N/A          | 5493007PKIT1P8UHLH29 |  |  | $57,805,869.87            |
| RBC Dominion Securities Inc.                          | 008-01672         | 000006579    | 549300QJJX6CVVUXLE15 |  |  | $13,395,875.64            |
| J.P. Morgan Securities PLC                            | N/A               | N/A          | K6Q0W1PS1L1O4IQL9C32 |  |  | $38,296,562.57            |
| J.P. Morgan Securities (Far East) Limited             | N/A               | N/A          | 549300PH8W6E9DMTQ364 |  |  | $4,474,222.57             |
| Macquarie Bank Limited                                | N/A               | N/A          | 4ZHCHI4KYZG2WVRT8631 |  |  | $14,659,978.51            |
| J.P. Morgan Securities Australia Limited              | N/A               | N/A          | 549300Z0AVQF0QSFQV15 |  |  | $8,295,487.35             |
| Macquarie Securities Korea Limited                    | N/A               | N/A          | ELIVI87TQRWDXCF1XT74 |  |  | $4,772,833.31             |
| Vanguard Market Liquidity Fund                        | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $1,739,456,880.60         |
| Instinet Europe Limited                               | N/A               | N/A          | 213800MXAKR2LA1VBM44 |  |  | $68,653,404.58            |
| J.P. Morgan Securities (Asia Pacific) Limited         | N/A               | N/A          | 871JPXVZ0Z8I863B6V34 |  |  | $13,044,186.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,979,842,232.54

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $2,352,902,438.09

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Societe Generale

  - **Line Institutions Record: 2 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 3 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 4 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 5 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 6 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 7 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 8 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 9 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 10 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 11 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 12 Name of institution:** BNP Paribas

  - **Line Institutions Record: 13 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 14 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 15 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 16 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 17 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 18 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 19 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 20 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 21 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 22 Name of institution:** HSBC Bank USA, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 10 - VANGUARD HIGH DIVIDEND YIELD INDEX FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD HIGH DIVIDEND YIELD INDEX FUND

- **b. Series identification number, if any:** S000014011

- **c. LEI:** TR5F4U3Y3DQVBW8TQD97

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 2

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Admiral Shares          | C000209802                                | VHYAX                        |
|                           2 | ETF Shares              | C000038295                                | VYM                          |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. Is the securities lending agent an affiliated person...?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [ ] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [x] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $24,955,180.74

- **g. Provide the net income from securities lending activities:** $1,596,900.77

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 12d1-4 (17 CFR 270.12d1-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. SEC file number:** 801-11953

- **iii. CRD number:** 000105958

- **iv. LEI, if any:** 5493002789CX3L0CJP65

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 3**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 4**

- **i. Full name:** UBS Switzerland AG

- **ii. LEI, if any:** 549300WOIFUSNYH0FL22

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** Mizuho Bank Ltd

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** Euroclear

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 9**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** BNP Paribas Securities Services SCA

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** JPMorgan Chase Bank NA

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** J.P. MORGAN SE - LUXEMBOURG BRANCH

- **ii. LEI, if any:** 549300ZK53CNGEEI6A29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** Deutsche Bank AG

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Virtu ITG LLC

- **ii. SEC file number:** 008-44218

- **iii. CRD number:** 000029299

- **iv. LEI, if any:** 549300S41SMIODVIT266

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $46,013.20

**Brokers Record: 2**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 008-00129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $80,360.72

**Brokers Record: 3**

- **i. Full name of broker:** Credit Suisse Securities (USA) LLC

- **ii. SEC file number:** 008-00422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $56,349.77

**Brokers Record: 4**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 008-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $74,667.61

**Brokers Record: 5**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 008-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $395,916.53

**Brokers Record: 6**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $54,862.15

**Brokers Record: 7**

- **i. Full name of broker:** Barclays Capital Inc.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $69,515.21

**Brokers Record: 8**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $73,504.85

**Brokers Record: 9**

- **i. Full name of broker:** Mizuho Securities USA Inc

- **ii. SEC file number:** 008-37710

- **iii. CRD number:** 000019647

- **iv. LEI, if any:** 5493004GRDTUI7EMIZ82

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $30,528.19

**Brokers Record: 10**

- **i. Full name of broker:** Wells Fargo Securities, LLC

- **ii. SEC file number:** 008-22947

- **iii. CRD number:** 000007665

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $35,837.99

**Aggregate Commission:** $934,309.91

**Item C.17.a. Principal transaction counterparties.**

| Name                             | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| State Street Global Markets, LLC | 008-69862         | 000285852    | 549300FDEDF5ORXCMQ56 | MA      | US        | $33,094,790.80            |
| Vanguard Market Liquidity Fund   | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $5,491,245,909.00         |
| BofA Securities, Inc.            | 008-69787         | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $875,420.00               |
| Brown Brothers Harriman & Co.    | 008-69731         | 000282732    | 5493006KMX1VFTPYPW14 | NY      | US        | $2,517,625.20             |
| Goldman Sachs & Co. LLC          | 008-00129         | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $3,433.67                 |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $5,527,737,178.67

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $56,148,924,227.10

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 2 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 3 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 4 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 5 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 6 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 7 Name of institution:** Societe Generale

  - **Line Institutions Record: 8 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 9 Name of institution:** BNP Paribas

  - **Line Institutions Record: 10 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 11 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 12 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 13 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 14 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 15 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 16 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 17 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 18 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 19 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 20 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 21 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 22 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Growth Index Fund                                    | 811-02652         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

### Management Investment Record: 11 - VANGUARD MID-CAP GROWTH FUND

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VANGUARD MID-CAP GROWTH FUND

- **b. Series identification number, if any:** S000004408

- **c. LEI:** 67SKFI1ABVSKU3EAVL39

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor Shares         | C000012166                                | VMGRX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. Is the securities lending agent an affiliated person...?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [ ] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [x] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $2,689,940.81

- **g. Provide the net income from securities lending activities:** $13,357.59

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Frontier Capital Management Company, LLC

- **ii. SEC file number:** 801-15724

- **iii. CRD number:** 000106274

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Investment Advisers Record: 2**

- **i. Full name:** RS Investments

- **ii. SEC file number:** 801-46878

- **iii. CRD number:** 000106189

- **iv. LEI, if any:** 5493000GL4867DUEHP06

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Investment Advisers Record: 3**

- **i. Full name:** Wellington Management Company LLP

- **ii. SEC file number:** 801-15908

- **iii. CRD number:** 000106595

- **iv. LEI, if any:** 549300YHP12TEZNLCX41

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** THE VANGUARD GROUP, INC.

- **ii. SEC file number:** 084-00772

- **iii. LEI, if any:** 5493002789CX3L0CJP65

- **iv. State, if applicable:** PA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** JPMorgan Chase Bank

- **ii. LEI, if any, or provide and describe other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 20-4530702

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** ICE Data Pricing and Reference Data LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-36687789

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NJ

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** Markit North America INC

- **ii. LEI, if any, or provide and describe other identifying number:** 13-4153988

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 6**

- **i. Full name:** Bloomberg Finance LP

- **ii. LEI, if any, or provide and describe other identifying number:** 5493001KJTIIGC8Y1R12

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 7**

- **i. Full name:** ITG Analytics Inc

- **ii. LEI, if any, or provide and describe other identifying number:** 41-2190282

- **Description of other identifying number:** TIN

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank International GmbH

- **ii. LEI, if any:** ZMHGNT7ZPKZ3UFZ8EO46

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** State Street Trust Company Canada

- **ii. LEI, if any:** 549300L71XG2CTQ2V827

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 5**

- **i. Full name:** Mizuho Bank, Limited

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** Skandinaviska Enskilda Banken AB (publ)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** State Street Bank and Trust Company, United Kingdom branch

- **ii. LEI, if any:** 213800YAZLPV26WFM449

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** Euroclear Bank S.A./N.V.

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 11**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** Intesa Sanpaolo S.p.A.

- **ii. LEI, if any:** 2W8N8UU78PMDQKZENC08

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** Credit Suisse (Switzerland) Limited

- **ii. LEI, if any:** 549300CWR0W0BCS9Q144

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** The Vanguard Group, Inc.

- **ii. LEI, if any, or other identifying number:** 5493002789CX3L0CJP65

- **iii. State, if applicable:** PA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** William Blair & Company, L.L.C.

- **ii. SEC file number:** 008-02698

- **iii. CRD number:** 000001252

- **iv. LEI, if any:** 549300J0P7XYE8BMZ775

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $66,781.68

**Brokers Record: 2**

- **i. Full name of broker:** Liquidnet, Inc.

- **ii. SEC file number:** 008-52461

- **iii. CRD number:** 000103987

- **iv. LEI, if any:** 213800HSKBBO1GCVRG79

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $221,101.66

**Brokers Record: 3**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 008-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $74,340.59

**Brokers Record: 4**

- **i. Full name of broker:** Robert W. Baird & Co. Incorporated

- **ii. SEC file number:** 008-00497

- **iii. CRD number:** 000008158

- **iv. LEI, if any:** 549300772UJAHRD6LO53

- **v. State, if applicable:** WI

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $52,302.87

**Brokers Record: 5**

- **i. Full name of broker:** Barclays Capital Inc.

- **ii. SEC file number:** 008-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $62,284.12

**Brokers Record: 6**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 008-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $59,256.31

**Brokers Record: 7**

- **i. Full name of broker:** Oppenheimer & Co. Inc.

- **ii. SEC file number:** 008-04077

- **iii. CRD number:** 000000249

- **iv. LEI, if any:** 254900VH02JQR2L8XD64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $54,488.35

**Brokers Record: 8**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 008-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $63,342.39

**Brokers Record: 9**

- **i. Full name of broker:** Abel Noser, LLC

- **ii. SEC file number:** 008-69809

- **iii. CRD number:** 000284714

- **iv. LEI, if any:** 549300UQY3DBDP2Y2N55

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $166,361.80

**Brokers Record: 10**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 008-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $122,264.94

**Aggregate Commission:** $1,678,517.98

**Item C.17.a. Principal transaction counterparties.**

| Name                           | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Citigroup Global Markets Inc.  | 008-08177         | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $940,880.00               |
| J.P. Morgan Securities LLC     | 008-35008         | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $1,420,440.00             |
| Vanguard Market Liquidity Fund | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $3,805,496,148.83         |
| Goldman Sachs & Co. LLC        | 008-00129         | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $7,261,060.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,815,118,528.83

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $3,642,972,929.06

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $4,385,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 2 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 3 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 4 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 5 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 6 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 7 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 8 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 9 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 10 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 11 Name of institution:** BNP Paribas

  - **Line Institutions Record: 12 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 13 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 14 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 15 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 16 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 17 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 18 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 19 Name of institution:** Societe Generale

  - **Line Institutions Record: 20 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 21 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 22 Name of institution:** Royal Bank of Canada

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                  | SEC File number   |
|:---|:---|
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## Part E: Additional Questions for ETFs and ETMFs

### VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** VYMI

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Jefferies Co                    | $0.00            | $0.00          |
| BNP Paribas                     | $0.00            | $0.00          |
| State Street Global Mkts        | $0.00            | $0.00          |
| EWT LLC                         | $0.00            | $0.00          |
| Goldman Sachs                   | $12,104,463.28   | $0.00          |
| Wells Fargo                     | $0.00            | $0.00          |
| Jane Street                     | $0.00            | $0.00          |
| Virtu Americas LLC              | $5,946,169.41    | $0.00          |
| Deutsche Bank                   | $0.00            | $0.00          |
| UBS                             | $252,641,177.56  | $0.00          |
| BNY Mellon Capital Markets      | $0.00            | $0.00          |
| Merrill Lynch Pro               | $12,050,000.00   | $0.00          |
| CitiGroup                       | $0.00            | $0.00          |
| BMO Capital Markets             | $0.00            | $0.00          |
| Cantor Fitzgerald Co            | $0.00            | $0.00          |
| BNP Paribas Prime Brokerage Inc | $0.00            | $0.00          |
| HSBC Securities                 | $0.00            | $0.00          |
| Morgan Stanley                  | $0.00            | $0.00          |
| Virtu Financial                 | $0.00            | $0.00          |
| Barclays Capital                | $0.00            | $0.00          |
| Credit Suisse                   | $711,284,786.74  | $0.00          |
| Citadel Securities              | $0.00            | $0.00          |
| Wedbush                         | $0.00            | $0.00          |
| Interactive Brokers             | $0.00            | $0.00          |
| ABN AMRO Clearing               | $0.00            | $0.00          |
| JP Morgan                       | $369,689,702.47  | $0.00          |
| Timber Hill                     | $0.00            | $0.00          |
| Merrill Lynch                   | $646,510,635.88  | $40,356,000.00 |
| Mizuho Securities USA           | $0.00            | $0.00          |
| Cowen and Company LLC           | $0.00            | $0.00          |
| RBC                             | $0.00            | $0.00          |
| Nomura                          | $0.00            | $0.00          |
| Hudson River Trading            | $0.00            | $0.00          |
| SG Americas                     | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 100,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.23%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.07%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $0.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.62%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** VWOB

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value   | Redeem Value    |
|:---|:---|:---|
| CitiGroup                       | $0.00            | $0.00           |
| Credit Suisse                   | $0.00            | $0.00           |
| Morgan Stanley                  | $0.00            | $0.00           |
| BNY Mellon Capital Markets      | $0.00            | $0.00           |
| Wells Fargo                     | $0.00            | $0.00           |
| UBS                             | $0.00            | $0.00           |
| Deutsche Bank                   | $0.00            | $0.00           |
| Nomura                          | $0.00            | $0.00           |
| BMO Capital Markets             | $0.00            | $0.00           |
| Goldman Sachs                   | $75,751,600.00   | $40,059,550.00  |
| ABN AMRO Clearing               | $0.00            | $0.00           |
| JP Morgan                       | $460,960,130.00  | $202,509,700.00 |
| Citadel Securities              | $0.00            | $0.00           |
| Cowen and Company LLC           | $0.00            | $0.00           |
| BNP Paribas Prime Brokerage Inc | $0.00            | $0.00           |
| Virtu Americas LLC              | $0.00            | $0.00           |
| SG Americas                     | $0.00            | $0.00           |
| Virtu Financial                 | $0.00            | $0.00           |
| Mizuho Securities USA           | $0.00            | $0.00           |
| Jefferies Co                    | $0.00            | $0.00           |
| Merrill Lynch Pro               | $15,372,075.00   | $33,521,850.00  |
| Hudson River Trading            | $0.00            | $0.00           |
| Jane Street                     | $169,603,675.00  | $0.00           |
| Wedbush                         | $0.00            | $0.00           |
| Barclays Capital                | $0.00            | $0.00           |
| Merrill Lynch                   | $0.00            | $0.00           |
| RBC                             | $0.00            | $0.00           |
| Cantor Fitzgerald Co            | $0.00            | $0.00           |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 100,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.01%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $0.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### VANGUARD INTERNATIONAL DIVIDEND APPRECIATION INDEX FUND

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** VIGI

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Citadel Securities              | $0.00            | $0.00          |
| BMO Capital Markets             | $0.00            | $0.00          |
| Morgan Stanley                  | $0.00            | $0.00          |
| UBS                             | $77,356,292.03   | $0.00          |
| Merrill Lynch                   | $239,262,025.86  | $13,677,011.58 |
| Virtu Financial                 | $0.00            | $0.00          |
| Virtu Americas LLC              | $16,975,665.33   | $0.00          |
| Jefferies Co                    | $0.00            | $0.00          |
| EWT LLC                         | $0.00            | $0.00          |
| Goldman Sachs                   | $26,404,282.01   | $0.00          |
| HSBC Securities                 | $0.00            | $0.00          |
| BNP Paribas                     | $0.00            | $0.00          |
| Jane Street                     | $0.00            | $0.00          |
| Cowen and Company LLC           | $0.00            | $0.00          |
| Interactive Brokers             | $0.00            | $0.00          |
| JP Morgan                       | $170,367,517.17  | $0.00          |
| Nomura                          | $0.00            | $0.00          |
| Credit Suisse                   | $143,753,403.41  | $0.00          |
| Deutsche Bank                   | $0.00            | $0.00          |
| RBC                             | $0.00            | $0.00          |
| Merrill Lynch Pro               | $0.00            | $0.00          |
| Barclays Capital                | $0.00            | $0.00          |
| Wells Fargo                     | $0.00            | $0.00          |
| Wedbush                         | $0.00            | $0.00          |
| SG Americas                     | $0.00            | $0.00          |
| BNY Mellon Capital Markets      | $0.00            | $0.00          |
| State Street Global Mkts        | $0.00            | $0.00          |
| CitiGroup                       | $0.00            | $0.00          |
| Mizuho Securities USA           | $0.00            | $0.00          |
| BNP Paribas Prime Brokerage Inc | $0.00            | $0.00          |
| ABN AMRO Clearing               | $0.00            | $0.00          |
| Cantor Fitzgerald Co            | $0.00            | $0.00          |
| Timber Hill                     | $0.00            | $0.00          |
| Hudson River Trading            | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 50,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.21%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.08%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $0.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.64%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### VANGUARD HIGH DIVIDEND YIELD INDEX FUND

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** VYM

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value    | Redeem Value      |
|:---|:---|:---|
| Wells Fargo                     | $0.00             | $0.00             |
| RBC                             | $235,881,250.00   | $81,404,250.00    |
| BNY Mellon Capital Markets      | $0.00             | $0.00             |
| Cowen and Company LLC           | $0.00             | $0.00             |
| Jefferies Co                    | $24,682,500.00    | $24,583,250.00    |
| HSBC Securities                 | $0.00             | $0.00             |
| Wedbush                         | $0.00             | $0.00             |
| Virtu Americas LLC              | $751,071,750.00   | $50,536,250.00    |
| Merrill Lynch Pro               | $2,485,787,250.00 | $275,455,750.00   |
| Goldman Sachs                   | $1,729,264,180.00 | $1,197,850,250.00 |
| National Financial Services     | $0.00             | $0.00             |
| Deutsche Bank                   | $0.00             | $0.00             |
| Morgan Stanley                  | $0.00             | $0.00             |
| Barclays Capital                | $360,290,000.00   | $362,554,950.00   |
| Nomura                          | $0.00             | $0.00             |
| Credit Suisse                   | $0.00             | $0.00             |
| Virtu Financial                 | $0.00             | $0.00             |
| JP Morgan                       | $495,103,500.00   | $0.00             |
| BNP Paribas Prime Brokerage Inc | $0.00             | $0.00             |
| Interactive Brokers             | $0.00             | $0.00             |
| Hudson River Trading            | $1,977,340,000.00 | $26,482,000.00    |
| EWT LLC                         | $0.00             | $0.00             |
| UBS                             | $0.00             | $0.00             |
| Merrill Lynch                   | $0.00             | $0.00             |
| BNP Paribas                     | $0.00             | $0.00             |
| Mizuho Securities USA           | $13,862,500.00    | $13,740,000.00    |
| Citadel Securities              | $2,221,420,000.00 | $879,256,250.00   |
| SG Americas                     | $0.00             | $0.00             |
| ABN AMRO Clearing               | $1,856,410,250.00 | $7,985,750.00     |
| Bank of America                 | $0.00             | $0.00             |
| Jane Street                     | $300,397,000.00   | $0.00             |
| BMO Capital Markets             | $0.00             | $0.00             |
| Timber Hill                     | $0.00             | $0.00             |
| CitiGroup                       | $99,741,500.00    | $0.00             |
| State Street Global Mkts        | $0.00             | $0.00             |
| Cantor Fitzgerald Co            | $0.00             | $0.00             |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 0.11%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $0.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** VANGUARD WHITEHALL FUNDS

**Date:** 2023-01-11

**Signature:** Ashley Grim

**Title:** Treasurer