# EDGAR Filing Document

**Accession Number:** 0000736054
**File Stem:** 0001752724-23-001954
**Filing Date:** 2023-1
**Character Count:** 234662
**Document Hash:** d859e9b3d57e69cf76ed387a2311bd4f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-001954.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0001752724-23-001954

**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 STAR FUNDS
- **CENTRAL INDEX KEY:** 0000736054
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03919
- **FILM NUMBER:** 23528627

**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 STAR FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD SPECIAL TAX ADVANTAGED RETIREMENT FUND
- **DATE OF NAME CHANGE:** 19850318

## Series and Classes Contracts Data

### Vanguard LifeStrategy Conservative Growth Fund (Series ID: S000002927)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000008015 | Investor Shares | VSCGX           |

### Vanguard LifeStrategy Growth Fund (Series ID: S000002928)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000008016 | Investor Shares | VASGX           |

### Vanguard LifeStrategy Income Fund (Series ID: S000002929)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000008017 | Investor Shares | VASIX           |

### Vanguard LifeStrategy Moderate Growth Fund (Series ID: S000002930)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000008018 | Investor Shares | VSMGX           |

### Vanguard Star Fund (Series ID: S000002931)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000008019 | Investor Shares | VGSTX           |

### Vanguard Total International Stock Index Fund (Series ID: S000002932)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000008020 | Investor Shares             | VGTSX           |
| C000094036 | Institutional Shares        | VTSNX           |
| C000094037 | Admiral Shares              | VTIAX           |
| C000094038 | ETF Shares                  | VXUS            |
| C000094039 | Institutional Plus Shares   | VTPSX           |
| C000170278 | Institutional Select Shares | VTISX           |

## Internal

```

Report of Independent
Registered Public
Accounting Firm
To the Board of Trustees of Vanguard STAR Funds and
Shareholders of
Vanguard STAR Fund
Vanguard LifeStrategy Income Fund
Vanguard LifeStrategy Conservative Growth Fund
Vanguard LifeStrategy Moderate Growth Fund and
Vanguard LifeStrategy Growth Fund
In planning and performing our audits of the financial
statements of Vanguard STAR Fund, Vanguard
LifeStrategy  Income Fund, Vanguard LifeStrategy
Conservative Growth Fund, Vanguard LifeStrategy
Moderate Growth Fund  and Vanguard LifeStrategy
Growth Fund (five of the funds constituting Vanguard
STAR 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 STAR 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 STAR Funds
and Shareholders of
Vanguard Total International Stock Index Fund
In planning and performing our audit of the
financial statements of Vanguard Total
International Stock Index Fund  (one of the funds
constituting Vanguard STAR Funds, hereafter
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
STAR 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

```

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000736054

## 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 STAR FUNDS

- **Item B.1.b - Investment Company Act file number:** 811-03919

- **Item B.1.c - CIK:** 0000736054

- **Item B.1.d - LEI:** 5493005RYBM6XD8JKF03

- **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):** 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.

- **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:** 6

- **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                                                                                                                                                                                                                                                                                                                                                   |
|:---|:---|:---|
| F. Joseph Loughrey  | No                      | 811-05972, 811-04570, 811-02554, 811-02368, 811-05962, 811-06083, 811-01530, 811-04474, 811-01766, 811-22114, 811-05628, 811-05445, 811-02652, 811-03916, 811-01027, 811-07043, 811-02968-99, 811-00834, 811-04571, 811-00121, 811-07803, 811-07175, 811-22619, 811-07239, 811-21478, 811-04681, 811-58431, 811-02687, 811-05340, 811-07443, 811-09005, 811-04526, 811-06093, 811-04098 |
| Sarah Bloom Raskin  | No                      | 811-21478, 811-01766, 811-02968-99, 811-00121, 811-58431, 811-22619, 811-07239, 811-05962, 811-01027, 811-07803, 811-04474, 811-04570, 811-02687, 811-07043, 811-02368, 811-04526, 811-04098, 811-06083, 811-02554, 811-06093, 811-01530, 811-05445, 811-05972, 811-04681, 811-22114, 811-02652, 811-05628, 811-09005, 811-05340, 811-07443, 811-00834, 811-03916, 811-07175, 811-04571 |
| Andre F. Perold     | No                      | 811-09005, 811-06093, 811-04681, 811-05340, 811-05972, 811-05962, 811-22619, 811-22114, 811-00121, 811-02968-99, 811-58431, 811-04570, 811-07175, 811-03916, 811-04474, 811-06083, 811-07443, 811-07239, 811-04571, 811-01027, 811-00834, 811-02368, 811-21478, 811-05445, 811-01530, 811-05628, 811-07043, 811-02554, 811-02687, 811-04526, 811-01766, 811-02652, 811-04098, 811-07803 |
| Deanna Mulligan     | No                      | 811-01530, 811-58431, 811-07803, 811-21478, 811-22619, 811-00834, 811-04570, 811-01027, 811-02554, 811-07043, 811-00121, 811-09005, 811-07239, 811-07175, 811-02652, 811-04526, 811-05445, 811-05972, 811-01766, 811-05962, 811-02687, 811-03916, 811-04098, 811-04474, 811-22114, 811-04571, 811-07443, 811-05628, 811-05340, 811-02368, 811-06093, 811-02968-99, 811-04681, 811-06083 |
| David Thomas        | No                      | 811-01766, 811-04474, 811-09005, 811-04526, 811-05972, 811-02652, 811-01027, 811-21478, 811-22619, 811-04571, 811-00834, 811-02968-99, 811-05445, 811-04098, 811-03916, 811-07043, 811-58431, 811-22114, 811-02687, 811-05628, 811-07443, 811-07239, 811-02554, 811-07175, 811-06083, 811-04570, 811-01530, 811-07803, 811-02368, 811-06093, 811-00121, 811-04681, 811-05962, 811-05340 |
| Emerson U. Fullwood | No                      | 811-02687, 811-01530, 811-07175, 811-05445, 811-07443, 811-06093, 811-03916, 811-07239, 811-22114, 811-01766, 811-04681, 811-04098, 811-07803, 811-05972, 811-02652, 811-04571, 811-01027, 811-21478, 811-02368, 811-05962, 811-04526, 811-04570, 811-22619, 811-02968-99, 811-04474, 811-58431, 811-09005, 811-07043, 811-02554, 811-05628, 811-06083, 811-05340, 811-00121, 811-00834 |
| Peter F. Volanakis  | No                      | 811-07803, 811-22114, 811-02368, 811-05962, 811-22619, 811-04098, 811-02554, 811-05340, 811-00121, 811-00834, 811-03916, 811-04571, 811-06093, 811-02968-99, 811-06083, 811-04474, 811-07043, 811-02652, 811-07239, 811-05628, 811-21478, 811-05445, 811-01530, 811-07175, 811-02687, 811-04526, 811-04570, 811-05972, 811-09005, 811-04681, 811-01027, 811-01766, 811-58431, 811-07443 |
| Mortimer J. Buckley | Yes                     | 811-04681, 811-06093, 811-22114, 811-04474, 811-04526, 811-07175, 811-07043, 811-02652, 811-00121, 811-06083, 811-21478, 811-04570, 811-01766, 811-05972, 811-02687, 811-05445, 811-02368, 811-03916, 811-05628, 811-58431, 811-09005, 811-07239, 811-05962, 811-07803, 811-00834, 811-02968-99, 811-05340, 811-01530, 811-07443, 811-04571, 811-01027, 811-02554, 811-04098, 811-22619 |
| Tara Bunch          | No                      | 811-07443, 811-05972, 811-06093, 811-22619, 811-02554, 811-09005, 811-02968-99, 811-07803, 811-05628, 811-04098, 811-00121, 811-00834, 811-01766, 811-06083, 811-02687, 811-05445, 811-21478, 811-01530, 811-02652, 811-04571, 811-05340, 811-22114, 811-04570, 811-03916, 811-07043, 811-02368, 811-05962, 811-04474, 811-01027, 811-58431, 811-04681, 811-07239, 811-04526, 811-07175 |
| Scott C. Malpass    | No                      | 811-07043, 811-05445, 811-22619, 811-58431, 811-07443, 811-04570, 811-02968-99, 811-05972, 811-07175, 811-02687, 811-04474, 811-06083, 811-01530, 811-02652, 811-04571, 811-05340, 811-02554, 811-02368, 811-22114, 811-03916, 811-05962, 811-04681, 811-21478, 811-06093, 811-04098, 811-01766, 811-07239, 811-09005, 811-00834, 811-07803, 811-05628, 811-01027, 811-00121, 811-04526 |
| Mark Loughridge     | No                      | 811-09005, 811-22619, 811-05340, 811-04681, 811-05628, 811-02968-99, 811-07803, 811-01027, 811-02652, 811-07175, 811-05972, 811-05445, 811-04474, 811-07043, 811-00121, 811-02687, 811-01766, 811-02554, 811-04526, 811-07443, 811-21478, 811-06083, 811-04098, 811-04571, 811-01530, 811-58431, 811-06093, 811-00834, 811-05962, 811-04570, 811-03916, 811-02368, 811-07239, 811-22114 |

### 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-28024
  - IC-26281
  - IC-9001
  - IC-21555
  - IC-9664
  - IC-26436
  - IC-27386
  - IC-9205
  - IC-8676
  - IC-19184
  - IC-11645
  - IC-21426

### 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 LIFESTRATEGY INCOME FUND

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

- **a. Full Name of the Fund:** VANGUARD LIFESTRATEGY INCOME FUND

- **b. Series identification number, if any:** S000002929

- **c. LEI:** 27CMT8DW6FBMOBEGYV44

- **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         | C000008017                                | VASIX                        |

**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

- [x] 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?** 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 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:** 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 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:** 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:** 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:** 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

- **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))

- **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?** 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 ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Market Liquidity Fund | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $444,560,336.00           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $444,560,336.00

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

- **Item C.19.a - Fund's monthly average net assets:** $5,287,714,291.92

**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:** Royal Bank of Canada

  - **Line Institutions Record: 2 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 3 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 4 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 5 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 6 Name of institution:** BNP Paribas

  - **Line Institutions Record: 7 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 8 Name of institution:** State Street Bank and Trust Company

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

  - **Line Institutions Record: 10 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 11 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 12 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 13 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 14 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 15 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 16 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 17 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 18 Name of institution:** Societe Generale

  - **Line Institutions Record: 19 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 20 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 21 Name of institution:** Bank of Montreal, Chicago Branch

  - **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 Institutional Index Fund                             | 811-06093         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Treasury Money Market 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: 2 - VANGUARD STAR FUND

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

- **a. Full Name of the Fund:** VANGUARD STAR FUND

- **b. Series identification number, if any:** S000002931

- **c. LEI:** E3B1RGMOZN7CMJE2PV24

- **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         | C000008019                                | VGSTX                        |

**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

- [x] 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?** 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 12d1-4 (17 CFR 270.12d1-4)

- 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:** 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:** 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:** 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: 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:** 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:** 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: 7**

- **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

- **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

- **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))

- **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.**

No Brokers reported.

**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        | $142,711,637.66           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $142,711,637.66

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

- **Item C.19.a - Fund's monthly average net assets:** $24,356,286,747.04

**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:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 3 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 4 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 5 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 6 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 7 Name of institution:** BNP Paribas

  - **Line Institutions Record: 8 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 9 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 10 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 11 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 12 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 13 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 14 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 15 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 16 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 17 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 18 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 19 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 20 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 21 Name of institution:** Bank of Montreal, Chicago 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 Wellesley Income Fund                                | 811-01766         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard Institutional Short-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: 3 - VANGUARD LIFESTRATEGY CONSERVATIVE GROWTH FUND

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

- **a. Full Name of the Fund:** VANGUARD LIFESTRATEGY CONSERVATIVE GROWTH FUND

- **b. Series identification number, if any:** S000002927

- **c. LEI:** 77K6JV8MNJ04K49I1F90

- **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         | C000008015                                | VSCGX                        |

**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

- [x] 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?** 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 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:** 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:** 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: 3**

- **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: 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:** 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:** 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: 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:** 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))

- **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?** 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 ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Market Liquidity Fund | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $776,055,863.00           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $776,055,863.00

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

- **Item C.19.a - Fund's monthly average net assets:** $11,343,096,789.35

**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:** Royal Bank of Canada

  - **Line Institutions Record: 2 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 3 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 4 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 5 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 6 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 7 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 8 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 9 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 10 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 11 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 12 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 13 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 14 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 15 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 16 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 17 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 18 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 19 Name of institution:** BNP Paribas

  - **Line Institutions Record: 20 Name of institution:** Societe Generale

  - **Line Institutions Record: 21 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 22 Name of institution:** The Toronto-Dominion Bank, 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 Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |

- **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 LIFESTRATEGY GROWTH FUND

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

- **a. Full Name of the Fund:** VANGUARD LIFESTRATEGY GROWTH FUND

- **b. Series identification number, if any:** S000002928

- **c. LEI:** ZN4MF99YI0N08GG57N83

- **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         | C000008016                                | VASGX                        |

**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

- [x] 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?** 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 12d1-4 (17 CFR 270.12d1-4)

- 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:** 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:** 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:** 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: 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:** 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:** 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:** 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:** 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))

- **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?** 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 ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Market Liquidity Fund | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $891,277,576.00           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $891,277,576.00

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

- **Item C.19.a - Fund's monthly average net assets:** $19,223,551,348.51

**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 America N.A.

  - **Line Institutions Record: 2 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 3 Name of institution:** PNC Bank, National Association

  - **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:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 7 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 8 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 9 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 10 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 11 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 12 Name of institution:** Goldman Sachs Bank USA

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

  - **Line Institutions Record: 14 Name of institution:** The Bank of Nova Scotia, Houston Branch

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

  - **Line Institutions Record: 16 Name of institution:** BNP Paribas

  - **Line Institutions Record: 17 Name of institution:** Societe Generale

  - **Line Institutions Record: 18 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 19 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 20 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 21 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 22 Name of institution:** Canadian Imperial Bank of Commerce, 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 Municipal Cash Management Fund                       | 811-21478         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Total International Stock Index Fund                 | 811-03919         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Explorer Value Fund                                  | 811-07803         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |

- **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: 5 - VANGUARD LIFESTRATEGY MODERATE GROWTH FUND

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

- **a. Full Name of the Fund:** VANGUARD LIFESTRATEGY MODERATE GROWTH FUND

- **b. Series identification number, if any:** S000002930

- **c. LEI:** K7WTXXL7STFYIE2CUL07

- **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         | C000008018                                | VSMGX                        |

**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

- [x] 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?** 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 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:** 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: 3**

- **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: 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:** 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 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: 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:** 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))

- **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?** 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 ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Market Liquidity Fund | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $1,014,173,858.00         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,014,173,858.00

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

- **Item C.19.a - Fund's monthly average net assets:** $19,951,177,958.17

**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:** Citibank, N.A.

  - **Line Institutions Record: 3 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 4 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 5 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 6 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 7 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 8 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 9 Name of institution:** The Northern Trust Company

  - **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:** State Street Bank and Trust Company

  - **Line Institutions Record: 13 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 14 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 15 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 16 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 17 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 18 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 19 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 20 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 21 Name of institution:** Barclays Bank plc

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

- **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: 6 - VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND

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

- **a. Full Name of the Fund:** VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND

- **b. Series identification number, if any:** S000002932

- **c. LEI:** BF5U5YXM0ZHVXS3F8G71

- **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?:** 6

- **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 | Institutional Plus Shares   | C000094039                                | VTPSX                        |
|                           2 | ETF Shares                  | C000094038                                | VXUS                         |
|                           3 | Admiral Shares              | C000094037                                | VTIAX                        |
|                           4 | Institutional Select Shares | C000170278                                | VTISX                        |
|                           5 | Institutional Shares        | C000094036                                | VTSNX                        |
|                           6 | Investor Shares             | C000008020                                | VGTSX                        |

**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:** 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

**Securities Lending Record: 2**

- **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):**

- [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:** $4,942,815,508.36

- **g. Provide the net income from securities lending activities:** $120,064,643.56

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

- 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:** 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:** 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:** 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: 3**

- **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: 4**

- **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: 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:** 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 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:** 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:** 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: 4**

- **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: 5**

- **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: 6**

- **i. Full name:** Societe Generale Marocaine de Banques

- **ii. LEI, if any:** 549300WHIMVBNIDQWK21

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** 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:** 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: 8**

- **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: 9**

- **i. Full name:** Islandsbanki hf

- **ii. LEI, if any:** 549300PZMFIQR79Q0T97

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** 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:** 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:** 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: 13**

- **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: 14**

- **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: 15**

- **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: 16**

- **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: 17**

- **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: 18**

- **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: 19**

- **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: 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:** 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: 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:** 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: 24**

- **i. Full name:** HSBC Argentina Bank SA

- **ii. LEI, if any:** 549300K52NF2S4SQDO82

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** 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:** 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: 26**

- **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: 27**

- **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: 28**

- **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: 29**

- **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: 30**

- **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: 31**

- **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: 32**

- **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: 33**

- **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: 34**

- **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: 35**

- **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: 36**

- **i. Full name:** JP Morgan Saudi Arabia Company

- **ii. LEI, if any:** 549300HST49806XTCK29

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** 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:** 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: 38**

- **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: 39**

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

- **ii. LEI, if any:** 549300YTOMKUNPUTB551

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** 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:** 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: 41**

- **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: 42**

- **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: 43**

- **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: 44**

- **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: 45**

- **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: 46**

- **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: 47**

- **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: 48**

- **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: 49**

- **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: 50**

- **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: 51**

- **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: 52**

- **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: 53**

- **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: 54**

- **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: 55**

- **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)

- **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?** 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:** 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:** $820,897.71

**Brokers Record: 2**

- **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:** $582,418.37

**Brokers Record: 3**

- **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:** $574,837.84

**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:** $542,199.35

**Brokers Record: 5**

- **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:** $478,166.95

**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:** $1,767,635.45

**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:** $1,544,409.79

**Brokers Record: 8**

- **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:** $597,055.69

**Brokers Record: 9**

- **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:** $960,248.07

**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:** $1,669,732.17

**Aggregate Commission:** $14,540,187.12

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

| Name                                     | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Citigroup Global Markets Limited         | N/A               | N/A          | XKZZ2JZF41MRHTR1V493 |  |  | $5,142,694.95             |
| Goldman Sachs Australia Pty Ltd          | N/A               | N/A          | 549300GGFLRSTQ15VF10 |  |  | $58,556,018.27            |
| Merrill Lynch International              | N/A               | 000162416    | GGDZP1UYGU9STUHRDP48 |  |  | $13,309,416.54            |
| Vanguard Market Liquidity Fund           | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $43,812,387,692.28        |
| UBS Securities International Limited     | N/A               | N/A          | EP50CUEHE876XUVAWT56 |  |  | $4,768,293.40             |
| BofA Securities, Inc.                    | 008-69787         | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $5,263,985.72             |
| J.P. Morgan Securities Australia Limited | N/A               | N/A          | 549300Z0AVQF0QSFQV15 |  |  | $25,787,552.48            |
| Goldman Sachs International              | N/A               | N/A          | W22LROWP2IHZNBB6K528 |  |  | $5,199,995.46             |
| BMO Capital Markets Corp.                | N/A               | 000016686    | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $4,326,300.00             |
| Citibank, National Association           | N/A               | N/A          | E57ODZWZ7FF32TWEFA76 | NY      | US        | $6,737,351.90             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $43,960,650,120.35

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

- **Item C.19.a - Fund's monthly average net assets:** $365,679,100,667.58

**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:** Barclays Bank plc

  - **Line Institutions Record: 2 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 3 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 4 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 5 Name of institution:** PNC Bank, National Association

  - **Line Institutions Record: 6 Name of institution:** The Bank of New York Mellon

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

  - **Line Institutions Record: 8 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 9 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 10 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 11 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 12 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 13 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 14 Name of institution:** BNP Paribas

  - **Line Institutions Record: 15 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 16 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 17 Name of institution:** Societe Generale

  - **Line Institutions Record: 18 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 19 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 20 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 21 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 22 Name of institution:** Canadian Imperial Bank of Commerce, 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 Russell 1000 Index Fund                              | 811-07803         |
| Vanguard Russell 2000 Growth Index Fund                       | 811-07803         |
| Vanguard Consumer Staples Index Fund                          | 811-01027         |
| Vanguard Advice Select Global Value Fund                      | 811-07443         |
| Vanguard Total Bond Market Index Portfolio                    | 811-05962         |
| Vanguard California Long-Term Tax-Exempt Fund                 | 811-04474         |
| Vanguard Capital Growth Portfolio                             | 811-05962         |
| Vanguard Ohio Long-Term Tax-Exempt Fund                       | 811-06083         |
| Vanguard S&P Small-Cap 600 Growth Index Fund                  | 811-07043         |
| Vanguard International Core Stock Fund                        | 811-07239         |
| Vanguard Explorer Fund                                        | 811-01530         |
| Vanguard High-Yield Tax-Exempt Fund                           | 811-02687         |
| Vanguard Dividend Appreciation Index Fund                     | 811-03916         |
| Vanguard Global Credit Bond Fund                              | 811-22619         |
| Vanguard Global ex-U.S. Real Estate Index Fund                | 811-05972         |
| Vanguard Health Care Fund                                     | 811-03916         |
| Vanguard Conservative Allocation Portfolio                    | 811-05962         |
| Vanguard Mid-Cap Growth Index Fund                            | 811-02652         |
| Vanguard U.S. Quality Factor ETF                              | 811-00121         |
| Vanguard Ultra-Short-Term Bond Fund                           | 811-02368         |
| Vanguard High-Yield Corporate Fund                            | 811-02368         |
| Vanguard Small-Cap Index Fund                                 | 811-02652         |
| Vanguard Federal Money Market Fund                            | 811-02554         |
| Vanguard Balanced Portfolio                                   | 811-05962         |
| Vanguard Massachusetts Tax-Exempt Fund                        | 811-09005         |
| Vanguard Long-Term Treasury Fund                              | 811-02368         |
| Vanguard Mid-Cap Index Portfolio                              | 811-05962         |
| Vanguard Intermediate-Term Treasury Fund                      | 811-02368         |
| Vanguard Small-Cap Growth Index Fund                          | 811-02652         |
| Vanguard S&P Mid-Cap 400 Index Fund                           | 811-07043         |
| Vanguard GNMA Fund                                            | 811-02368         |
| Vanguard Short-Term Treasury Index Fund                       | 811-07803         |
| Vanguard S&P Small-Cap 600 Index Fund                         | 811-07043         |
| Vanguard Intermediate-Term Bond Index Fund                    | 811-04681         |
| Vanguard California Municipal Money Market Fund               | 811-04474         |
| Vanguard Value Index Fund                                     | 811-02652         |
| Vanguard Target Retirement Income Fund                        | 811-04098         |
| Vanguard Total Stock Market Index Fund                        | 811-02652         |
| Vanguard Short-Term Federal Fund                              | 811-02368         |
| Vanguard ESG U.S. Corporate Bond ETF                          | 811-01027         |
| Vanguard Managed Allocation Fund                              | 811-58431         |
| Vanguard Cash Reserves Federal Money Market Fund              | 811-02554         |
| Vanguard Advice Select Dividend Growth Fund                   | 811-07443         |
| Vanguard Target Retirement 2030 Fund                          | 811-04098         |
| Vanguard ESG U.S. Stock ETF                                   | 811-01027         |
| Vanguard Tax-Exempt Bond Index Fund                           | 811-02687         |
| Vanguard Total International Bond Index Fund                  | 811-22619         |
| Vanguard Long-Term Treasury Index Fund                        | 811-07803         |
| Vanguard Health Care Index Fund                               | 811-01027         |
| Vanguard Short-Term Investment-Grade Fund                     | 811-02368         |
| Vanguard Total World Bond ETF                                 | 811-07803         |
| Vanguard Dividend Growth Fund                                 | 811-03916         |
| Vanguard Intermediate-Term Treasury Index Fund                | 811-07803         |
| Vanguard High Dividend Yield Index Fund                       | 811-07443         |
| Vanguard U.S. Minimum Volatility ETF                          | 811-00121         |
| Vanguard Moderate Allocation Portfolio                        | 811-05962         |
| Vanguard Diversified Value Portfolio                          | 811-05962         |
| Vanguard Mega Cap Value Index Fund                            | 811-01027         |
| Vanguard ESG International Stock ETF                          | 811-01027         |
| Vanguard Industrials Index Fund                               | 811-01027         |
| Vanguard Strategic Small-Cap Equity Fund                      | 811-07239         |
| Vanguard Short-Term Investment-Grade Portfolio                | 811-05962         |
| Vanguard Large-Cap Index Fund                                 | 811-02652         |
| Vanguard Intermediate-Term Investment-Grade Fund              | 811-02368         |
| Vanguard STAR Fund                                            | 811-03919         |
| Vanguard Mid-Cap Growth Fund                                  | 811-07443         |
| Vanguard Strategic Equity Fund                                | 811-07239         |
| Vanguard Information Technology Index Fund                    | 811-01027         |
| Vanguard Russell 1000 Value Index Fund                        | 811-07803         |
| Vanguard International High Dividend Yield Index Fund         | 811-07443         |
| Vanguard Growth Index Fund                                    | 811-02652         |
| Vanguard Mega Cap Growth Index Fund                           | 811-01027         |
| Vanguard International Value Fund                             | 811-02968-99      |
| Vanguard Russell 2000 Index Fund                              | 811-07803         |
| Vanguard Short-Term Treasury Fund                             | 811-02368         |
| Vanguard Capital Opportunity Fund                             | 811-07239         |
| Vanguard Inflation-Protected Securities Fund                  | 811-04681         |
| Vanguard Tax-Managed Small-Cap Fund                           | 811-07175         |
| Vanguard Diversified Equity Fund                              | 811-02968-99      |
| Vanguard Energy Fund                                          | 811-03916         |
| Vanguard Core Bond Fund                                       | 811-05628         |
| Vanguard Tax-Managed Balanced Fund                            | 811-07175         |
| Vanguard Global Capital Cycles Fund                           | 811-03916         |
| Vanguard Real Estate Index Fund                               | 811-03916         |
| Vanguard International Explorer Fund                          | 811-07443         |
| Vanguard Total Bond Market Index Fund                         | 811-04681         |
| Vanguard Institutional Index Fund                             | 811-06093         |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund            | 811-05972         |
| Vanguard California Intermediate-Term Tax-Exempt Fund         | 811-04474         |
| Vanguard Russell 2000 Value Index Fund                        | 811-07803         |
| Vanguard Multi-Sector Income Bond Fund                        | 811-05628         |
| Vanguard LifeStrategy Moderate Growth Fund                    | 811-03919         |
| Vanguard Total International Bond II Index Fund               | 811-22619         |
| Vanguard Wellington Fund                                      | 811-00121         |
| Vanguard Short-Term Bond Index Fund                           | 811-04681         |
| Vanguard S&P Mid-Cap 400 Growth Index Fund                    | 811-07043         |
| Vanguard Real Estate II Index Fund                            | 811-02368         |
| Vanguard Global Equity Fund                                   | 811-07239         |
| Vanguard PRIMECAP Core Fund                                   | 811-05445         |
| Vanguard Total World Stock Index Fund                         | 811-05972         |
| Vanguard New York Long-Term Tax-Exempt Fund                   | 811-04570         |
| Vanguard Financials Index Fund                                | 811-01027         |
| Vanguard Wellesley Income Fund                                | 811-01766         |
| Vanguard Target Retirement 2055 Fund                          | 811-04098         |
| Vanguard FTSE All-World ex-US Index Fund                      | 811-05972         |
| Vanguard Institutional Intermediate-Term Bond Fund            | 811-05628         |
| Vanguard Utilities Index Fund                                 | 811-01027         |
| Vanguard Pennsylvania Long-Term Tax-Exempt Fund               | 811-04571         |
| Vanguard Market Neutral Fund                                  | 811-22114         |
| Vanguard Mortgage-Backed Securities Index Fund                | 811-07803         |
| Vanguard Windsor Fund                                         | 811-00834         |
| Vanguard Consumer Discretionary Index Fund                    | 811-01027         |
| Vanguard International Growth Fund                            | 811-01027         |
| Vanguard Equity Income Fund                                   | 811-05445         |
| Vanguard Market Liquidity Fund                                | 811-21478         |
| Vanguard Growth and Income Fund                               | 811-04526         |
| Vanguard PRIMECAP Fund                                        | 811-04098         |
| Vanguard Long-Term Investment-Grade Fund                      | 811-02368         |
| Vanguard Global Bond Index Portfolio                          | 811-05962         |
| Vanguard Short-Term Tax-Exempt Fund                           | 811-02687         |
| Vanguard Target Retirement 2025 Fund                          | 811-04098         |
| Vanguard Municipal Cash Management Fund                       | 811-21478         |
| Vanguard Balanced Index Fund                                  | 811-58431         |
| Vanguard Commodity Strategy Fund                              | 811-02968-99      |
| Vanguard Growth Portfolio                                     | 811-05962         |
| Vanguard Treasury Money Market Fund                           | 811-07043         |
| Vanguard Windsor II Fund                                      | 811-00834         |
| Vanguard Emerging Markets Stock Index Fund                    | 811-05972         |
| Vanguard Emerging Markets Bond Fund                           | 811-05628         |
| Vanguard Intermediate-Term Corporate Bond Index Fund          | 811-07803         |
| Vanguard U.S. Multifactor Fund                                | 811-00121         |
| Vanguard International Portfolio                              | 811-05962         |
| Vanguard Alternative Strategies Fund                          | 811-02968-99      |
| Vanguard LifeStrategy Growth Fund                             | 811-03919         |
| Vanguard FTSE Social Index Fund                               | 811-01027         |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 811-05628         |
| Vanguard Target Retirement 2040 Fund                          | 811-04098         |
| Vanguard Mid-Cap Value Index Fund                             | 811-02652         |
| Vanguard S&P Mid-Cap 400 Value Index Fund                     | 811-07043         |
| Vanguard Selected Value Fund                                  | 811-07443         |
| Vanguard S&P 500 Value Index Fund                             | 811-07043         |
| Vanguard S&P 500 Growth Index Fund                            | 811-07043         |
| Vanguard Mega Cap Index Fund                                  | 811-01027         |
| Vanguard LifeStrategy Conservative Growth Fund                | 811-03919         |
| Vanguard Real Estate Index Portfolio                          | 811-05962         |
| Vanguard Tax-Managed Capital Appreciation Fund                | 811-07175         |
| Vanguard Total International Stock Market Index Portfolio     | 811-05962         |
| Vanguard U.S. Liquidity Factor ETF                            | 811-00121         |
| Vanguard Target Retirement 2045 Fund                          | 811-04098         |
| Vanguard Equity Income Portfolio                              | 811-05962         |
| Vanguard LifeStrategy Income Fund                             | 811-03919         |
| Vanguard Equity Index Portfolio                               | 811-05962         |
| Vanguard Money Market Portfolio                               | 811-05962         |
| Vanguard Long-Term Bond Index Fund                            | 811-04681         |
| Vanguard Small-Cap Value Index Fund                           | 811-02652         |
| Vanguard Communication Services Index Fund                    | 811-01027         |
| Vanguard Developed Markets Index Fund                         | 811-07175         |
| Vanguard Short-Term Corporate Bond Index Fund                 | 811-07803         |
| Vanguard Emerging Markets Select Stock Fund                   | 811-02968-99      |
| Vanguard S&P Small-Cap 600 Value Index Fund                   | 811-07043         |
| Vanguard Target Retirement 2020 Fund                          | 811-04098         |
| Vanguard Institutional Short-Term Bond Fund                   | 811-05628         |
| Vanguard Intermediate-Term Tax-Exempt Fund                    | 811-02687         |
| Vanguard Core-Plus Bond Fund                                  | 811-05628         |
| Vanguard U.S. Multifactor ETF                                 | 811-00121         |
| Vanguard Long-Term Corporate Bond Index Fund                  | 811-07803         |
| Vanguard Russell 3000 Index Fund                              | 811-07803         |
| Vanguard Extended Duration Treasury Index Fund                | 811-01027         |
| Vanguard Target Retirement 2035 Fund                          | 811-04098         |
| Vanguard Energy Index Fund                                    | 811-01027         |
| Vanguard 500 Index Fund                                       | 811-02652         |
| Vanguard Russell 1000 Growth Index Fund                       | 811-07803         |
| Vanguard Institutional Total Stock Market Index Fund          | 811-06093         |
| Vanguard Global Minimum Volatility Fund                       | 811-07443         |
| Vanguard Global Wellesley Income Fund                         | 811-01027         |
| Vanguard Advice Select International Growth Fund              | 811-07443         |
| Vanguard Target Retirement 2050 Fund                          | 811-04098         |
| Vanguard New York Municipal Money Market Fund                 | 811-04570         |
| Vanguard U.S. Value Factor ETF                                | 811-00121         |
| Vanguard U.S. Growth Fund                                     | 811-01027         |
| Vanguard Limited-Term Tax-Exempt Fund                         | 811-02687         |
| Vanguard Total Stock Market Index Portfolio                   | 811-05962         |
| Vanguard U.S. Momentum Factor ETF                             | 811-00121         |
| Vanguard European Stock Index Fund                            | 811-05972         |
| Vanguard Small Company Growth Portfolio                       | 811-05962         |
| Vanguard Emerging Markets Government Bond Index Fund          | 811-07443         |
| Vanguard Long-Term Tax-Exempt Fund                            | 811-02687         |
| Vanguard International Dividend Appreciation Index Fund       | 811-07443         |
| Vanguard Materials Index Fund                                 | 811-01027         |
| Vanguard Extended Market Index Fund                           | 811-02652         |
| Vanguard Mid-Cap Index Fund                                   | 811-02652         |
| Vanguard Target Retirement 2060 Fund                          | 811-04098         |
| Vanguard Target Retirement 2065 Fund                          | 811-04098         |
| Vanguard High-Yield Bond Portfolio                            | 811-05962         |
| Vanguard Municipal Money Market Fund                          | 811-02687         |
| Vanguard Total Bond Market II Index Fund                      | 811-04681         |
| Vanguard Ultra-Short Bond ETF                                 | 811-04681         |
| Vanguard Global Wellington Fund                               | 811-01027         |
| Vanguard Global ESG Select Stock Fund                         | 811-03916         |
| Vanguard Pacific Stock Index Fund                             | 811-05972         |
| Vanguard Total Corporate Bond ETF                             | 811-07803         |
| Vanguard New Jersey Long-Term Tax-Exempt Fund                 | 811-05340         |
| Vanguard Explorer Value 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

## Part E: Additional Questions for ETFs and ETMFs

### VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** VXUS

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value    | Redeem Value   |
|:---|:---|:---|
| JP Morgan                       | $905,540,770.76   | $0.00          |
| Morgan Stanley                  | $0.00             | $0.00          |
| Jane Street                     | $0.00             | $0.00          |
| Deutsche Bank                   | $0.00             | $0.00          |
| Barclays Capital                | $0.00             | $0.00          |
| Cowen and Company LLC           | $0.00             | $0.00          |
| Credit Suisse                   | $3,056,109,433.86 | $0.00          |
| Hudson River Trading            | $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          |
| Mizuho Securities USA           | $0.00             | $0.00          |
| EWT LLC                         | $0.00             | $0.00          |
| CitiGroup                       | $0.00             | $0.00          |
| BNY Mellon Capital Markets      | $0.00             | $0.00          |
| Bank of America                 | $0.00             | $0.00          |
| Wedbush                         | $0.00             | $0.00          |
| Timber Hill                     | $0.00             | $0.00          |
| Cantor Fitzgerald Co            | $0.00             | $0.00          |
| State Street Global Mkts        | $0.00             | $0.00          |
| Goldman Sachs                   | $0.00             | $0.00          |
| BMO Capital Markets             | $0.00             | $0.00          |
| Jefferies Co                    | $0.00             | $0.00          |
| UBS                             | $63,467,116.20    | $0.00          |
| BNP Paribas                     | $0.00             | $0.00          |
| National Financial Services     | $0.00             | $0.00          |
| Merrill Lynch                   | $1,859,373,148.27 | $0.00          |
| Wells Fargo                     | $0.00             | $0.00          |
| Interactive Brokers             | $0.00             | $0.00          |
| HSBC Securities                 | $0.00             | $0.00          |
| Nomura                          | $0.00             | $0.00          |
| ABN AMRO Clearing               | $0.00             | $0.00          |
| Merrill Lynch Pro               | $844,135,000.00   | $0.00          |
| Virtu Financial                 | $0.00             | $0.00          |
| Citadel Securities              | $0.00             | $0.00          |
| RBC                             | $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):** 0.45%

- **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):** 0.01%

- **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 STAR FUNDS

**Date:** 2023-01-11

**Signature:** Ashley Grim

**Title:** Treasurer