# EDGAR Filing Document

**Accession Number:** 0000734383
**File Stem:** 0001683863-23-002584
**Filing Date:** 2023-3
**Character Count:** 3456
**Document Hash:** 63d683aeec8548881a10c558c3c12690
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-002584.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001683863-23-002584

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230327

**EFFECTIVENESS DATE**: 20230324

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD SPECIALIZED FUNDS
- **CENTRAL INDEX KEY:** 0000734383
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-88116
- **FILM NUMBER:** 23759768

**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 SPECIALIZED FUNDS/
- **DATE OF NAME CHANGE:** 20011121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD SPECIALIZED PORTFOLIOS INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Vanguard Dividend Growth Fund (Series ID: S000002920)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Investor Shares | VDIGX         | C000008004 |

---

## Series and Classes Contracts Data

### Vanguard Dividend Growth Fund (Series ID: S000002920)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000008004 | Investor Shares | VDIGX           |

![](ps-057c_0320231x1.jpg)

Vanguard Dividend Growth Fund

Supplement Dated March 23, 2023, to the Prospectus and Summary Prospectus

Important Changes to Vanguard Dividend Growth Fund (the Fund)

As part of a multi-year succession plan, Donald J. Kilbride will step down as portfolio manager of the Fund on or about January 1, 2024. At that time, Peter C. Fisher, who currently serves as a co-portfolio manager, will remain as the Fund's portfolio manager, and references to Mr. Kilbride in the Fund's Prospectus and Summary Prospectus will be deleted in their entirety.

Mr. Kilbride will remain at Wellington Management and will continue to be a resource to Mr. Fisher. The Fund's investment objective, strategies, and policies will remain unchanged.© 2023 The Vanguard Group, Inc. All rights reserved. PS 057C 032023 <br> Vanguard Marketing Corporation, Distributor.

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![](vanguard.jpg)

**Vanguard Specialized Funds**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Supplement Dated March 23, 2023, to the Statement of Additional Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Important Change to Vanguard Dividend Growth Fund (the Fund)**

As part of a multi-year succession plan, Donald J. Kilbride will step down as portfolio manager of the Fund on or about January 1, 2024. At that time, Peter C. Fisher, who currently serves as a co-portfolio manager, will remain as the Fund's portfolio manager, and references to Mr. Kilbride in the Fund's Statement of Additional Information will be deleted in their entirety.

Mr. Kilbride will remain at Wellington Management and will continue to be a resource to Mr. Fisher. The Fund's investment objective, strategies, and policies will remain unchanged.© 2023 The Vanguard Group, Inc. All rights reserved.

Vanguard Marketing Corporation, Distributor.

**SAI 051C 032023**

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