# EDGAR Filing Document

**Accession Number:** 0001532203
**File Stem:** 0001752724-23-001950
**Filing Date:** 2023-1
**Character Count:** 163142
**Document Hash:** 8f915dd3b3cf7ad2211ffaaec77661e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-001950.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0001752724-23-001950

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**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 Charlotte Funds
- **CENTRAL INDEX KEY:** 0001532203
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22619
- **FILM NUMBER:** 23528621

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106695410

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

## Series and Classes Contracts Data

### Vanguard Total International Bond Index Fund (Series ID: S000035729)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000109500 | Investor Shares             | VTIBX           |
| C000109501 | Admiral Shares              | VTABX           |
| C000109502 | Institutional Shares        | VTIFX           |
| C000109503 | ETF Shares                  | BNDX            |
| C000170277 | Institutional Select Shares | VSIBX           |

### Vanguard Global Credit Bond Fund (Series ID: S000063385)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000205451 | Admiral Shares  | VGCAX           |
| C000205452 | Investor Shares | VGCIX           |

### Vanguard Total International Bond II Index Fund (Series ID: S000067956)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000217896 | Investor Shares      | VTIIX           |
| C000217897 | Institutional Shares | VTILX           |
| C000217898 | Admiral Shares       | VTIEX           |

## Internal

```

Report of Independent
Registered Public
Accounting Firm
To the Board of Trustees of Vanguard Charlotte
Funds and Shareholders of
Vanguard Total International Bond Index Fund
Vanguard Total International Bond II Index Fund and
Vanguard Global Credit Bond Fund
In planning and performing our audits of the financial
statements of Vanguard Total International Bond
Index Fund, Vanguard Total International Bond II
Index Fund, and Vanguard Global Credit Bond Fund
(constituting Vanguard Charlotte 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 Charlotte
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:** 0001532203

## 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 CHARLOTTE FUNDS

- **Item B.1.b - Investment Company Act file number:** 811-22619

- **Item B.1.c - CIK:** 0001532203

- **Item B.1.d - LEI:** 549300Z9BHDBGHMJLU94

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

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

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

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

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

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

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

**Location books Record: 1**

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

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

- **c. City:** Boston

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

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

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

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

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

- **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:** 3

- **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                                                                                                                                                                                                                                                                                                                                                   |
|:---|:---|:---|
| Deanna Mulligan     | No                      | 811-05962, 811-00121, 811-58431, 811-02968-99, 811-04526, 811-06093, 811-05445, 811-05628, 811-05972, 811-01766, 811-03916, 811-22114, 811-02687, 811-06083, 811-04098, 811-05340, 811-03919, 811-02554, 811-07443, 811-04474, 811-07239, 811-01530, 811-02652, 811-00834, 811-07803, 811-01027, 811-09005, 811-02368, 811-07043, 811-04570, 811-04571, 811-21478, 811-04681, 811-07175 |
| Mortimer J. Buckley | Yes                     | 811-05962, 811-07239, 811-02554, 811-21478, 811-22114, 811-01530, 811-00121, 811-02368, 811-07043, 811-02968-99, 811-07443, 811-04526, 811-04474, 811-09005, 811-06083, 811-04681, 811-05340, 811-02652, 811-01766, 811-07803, 811-04098, 811-03919, 811-05972, 811-01027, 811-05628, 811-58431, 811-04571, 811-04570, 811-05445, 811-06093, 811-03916, 811-00834, 811-02687, 811-07175 |
| Tara Bunch          | No                      | 811-05445, 811-03919, 811-05972, 811-00121, 811-01530, 811-04526, 811-22114, 811-07043, 811-09005, 811-04571, 811-07239, 811-00834, 811-01766, 811-01027, 811-07443, 811-06093, 811-04570, 811-02652, 811-07175, 811-02368, 811-21478, 811-02554, 811-05962, 811-04098, 811-07803, 811-02687, 811-06083, 811-58431, 811-05628, 811-05340, 811-03916, 811-02968-99, 811-04681, 811-04474 |
| Scott C. Malpass    | No                      | 811-03919, 811-04526, 811-07175, 811-22114, 811-02652, 811-02968-99, 811-05628, 811-05962, 811-02687, 811-04098, 811-06083, 811-01530, 811-04571, 811-01766, 811-02554, 811-00834, 811-02368, 811-05340, 811-07443, 811-01027, 811-06093, 811-09005, 811-00121, 811-04681, 811-05972, 811-58431, 811-21478, 811-07043, 811-03916, 811-04474, 811-07803, 811-07239, 811-05445, 811-04570 |
| Peter F. Volanakis  | No                      | 811-05445, 811-09005, 811-07175, 811-05962, 811-05340, 811-07239, 811-02652, 811-07043, 811-58431, 811-00121, 811-04474, 811-02968-99, 811-06093, 811-04098, 811-07803, 811-04570, 811-01530, 811-04526, 811-07443, 811-04571, 811-06083, 811-00834, 811-02687, 811-02554, 811-22114, 811-21478, 811-03916, 811-03919, 811-05628, 811-01766, 811-01027, 811-05972, 811-04681, 811-02368 |
| Sarah Bloom Raskin  | No                      | 811-04571, 811-07443, 811-01530, 811-05628, 811-07175, 811-05445, 811-05340, 811-06093, 811-05972, 811-02368, 811-09005, 811-01766, 811-00834, 811-02968-99, 811-05962, 811-02652, 811-07043, 811-03919, 811-03916, 811-01027, 811-04570, 811-06083, 811-07803, 811-02554, 811-21478, 811-07239, 811-04474, 811-02687, 811-58431, 811-00121, 811-04681, 811-22114, 811-04526, 811-04098 |
| David Thomas        | No                      | 811-07239, 811-07803, 811-03916, 811-04681, 811-02368, 811-02687, 811-06093, 811-07043, 811-58431, 811-05445, 811-04571, 811-04098, 811-22114, 811-04474, 811-05628, 811-03919, 811-04526, 811-02554, 811-04570, 811-02968-99, 811-01027, 811-09005, 811-21478, 811-06083, 811-01530, 811-05962, 811-01766, 811-00121, 811-00834, 811-07443, 811-02652, 811-05972, 811-05340, 811-07175 |
| Emerson U. Fullwood | No                      | 811-05972, 811-01530, 811-22114, 811-00121, 811-05628, 811-02652, 811-07175, 811-07803, 811-00834, 811-02968-99, 811-04571, 811-02554, 811-01027, 811-01766, 811-03916, 811-04681, 811-07043, 811-05445, 811-02368, 811-06083, 811-04570, 811-09005, 811-05340, 811-03919, 811-04526, 811-02687, 811-07239, 811-21478, 811-07443, 811-05962, 811-06093, 811-04098, 811-04474, 811-58431 |
| Mark Loughridge     | No                      | 811-07803, 811-06083, 811-04681, 811-01530, 811-07175, 811-09005, 811-07239, 811-01027, 811-05628, 811-02554, 811-02368, 811-03916, 811-04570, 811-22114, 811-05340, 811-58431, 811-05962, 811-06093, 811-02687, 811-04098, 811-00834, 811-05972, 811-05445, 811-07043, 811-01766, 811-04571, 811-04526, 811-03919, 811-02652, 811-02968-99, 811-04474, 811-21478, 811-00121, 811-07443 |
| F. Joseph Loughrey  | No                      | 811-00121, 811-05340, 811-09005, 811-04681, 811-06093, 811-22114, 811-21478, 811-02368, 811-02968-99, 811-04570, 811-00834, 811-07175, 811-05445, 811-04526, 811-04571, 811-02652, 811-02554, 811-05972, 811-05962, 811-07443, 811-04474, 811-04098, 811-01766, 811-07043, 811-01027, 811-07803, 811-03916, 811-01530, 811-05628, 811-06083, 811-07239, 811-02687, 811-03919, 811-58431 |
| Andre F. Perold     | No                      | 811-04570, 811-04098, 811-01530, 811-05962, 811-03916, 811-07175, 811-05972, 811-06083, 811-05628, 811-04474, 811-02652, 811-21478, 811-02687, 811-02968-99, 811-04571, 811-01027, 811-01766, 811-07803, 811-06093, 811-07443, 811-03919, 811-07043, 811-04526, 811-22114, 811-09005, 811-07239, 811-02368, 811-00834, 811-58431, 811-05340, 811-05445, 811-00121, 811-02554, 811-04681 |

### 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-8676
  - IC-27386
  - IC-27773
  - IC-26436
  - IC-9001
  - IC-9205
  - IC-19184
  - IC-9664
  - IC-11645

### 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 GLOBAL CREDIT BOND FUND

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

- **a. Full Name of the Fund:** VANGUARD GLOBAL CREDIT BOND FUND

- **b. Series identification number, if any:** S000063385

- **c. LEI:** 549300H0QLZWH1GB0P07

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Admiral Shares          | C000205451                                | VGCAX                        |
|                           2 | Investor Shares         | C000205452                                | VGCIX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

- **a. Is the Fund authorized to engage in securities lending transactions?** 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 17a-7 (17 CFR 270.17a-7)

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000105958

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

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

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

**Pricing Services Record: 6**

- **i. Full name:** 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:** 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:** 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: 2**

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

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

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

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

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

**Custodians Record: 3**

- **i. Full name:** 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: 4**

- **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: 5**

- **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: 6**

- **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: 7**

- **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: 8**

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

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

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

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

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

**Custodians Record: 9**

- **i. Full name:** 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: 10**

- **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: 11**

- **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: 12**

- **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: 13**

- **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: 14**

- **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: 15**

- **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: 16**

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

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

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

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

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

**Custodians Record: 17**

- **i. Full name:** 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:** 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: 19**

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

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

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

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

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

**Custodians Record: 20**

- **i. Full name:** 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: 21**

- **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: 22**

- **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: 23**

- **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: 24**

- **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: 25**

- **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: 26**

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

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

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

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

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

**Custodians Record: 27**

- **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: 28**

- **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: 29**

- **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: 30**

- **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: 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:** 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: 33**

- **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: 34**

- **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: 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:** 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: 37**

- **i. Full name:** JP Morgan Bank International Limited Liability Company

- **ii. LEI, if any:** 549300B831LSRSI6RA15

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

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

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

**Custodians Record: 38**

- **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: 39**

- **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: 40**

- **i. Full name:** Euroclear

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

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

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

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

**Custodians Record: 41**

- **i. Full name:** 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: 42**

- **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)

- **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 ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. Morgan Securities LLC     | 008-35008         | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $50,790,132.02            |
| HSBC Bank PLC                  | N/A               | N/A          | MP6I5ZYZBEU3UXPYFY54 |  |  | $19,972,671.89            |
| BofA Securities, Inc.          | 008-69787         | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $32,644,839.73            |
| HSBC Securities (USA) Inc.     | 008-41562         | 000019585    | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $27,141,368.34            |
| Barclays Capital Inc.          | 008-41342         | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $21,095,820.02            |
| Citigroup Global Markets Inc.  | 008-08177         | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $34,098,718.05            |
| Vanguard Market Liquidity Fund | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $364,865,936.00           |
| Goldman Sachs & Co. LLC        | 008-00129         | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $68,156,288.03            |
| Morgan Stanley & Co. LLC       | 008-15869         | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $31,283,716.92            |
| BNP Paribas Securities Corp.   | 008-32682         | 000015794    | RCNB6OTYUAMMP879YW96 | NY      | US        | $57,338,172.36            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $990,231,028.16

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

- **Item C.19.a - Fund's monthly average net assets:** $254,966,897.80

**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:** Citibank, N.A.

  - **Line Institutions Record: 3 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 4 Name of institution:** BNP Paribas

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

  - **Line Institutions Record: 6 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 7 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 8 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 9 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 10 Name of institution:** Societe Generale

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

  - **Line Institutions Record: 12 Name of institution:** Canadian Imperial Bank of Commerce, New York Branch

  - **Line Institutions Record: 13 Name of institution:** The Bank of Nova Scotia, Houston Branch

  - **Line Institutions Record: 14 Name of institution:** Wells Fargo Bank, National Association

  - **Line Institutions Record: 15 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 16 Name of institution:** Bank of America N.A.

  - **Line Institutions Record: 17 Name of institution:** The Toronto-Dominion Bank, New York Branch

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

  - **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:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 22 Name of institution:** Goldman Sachs Bank USA

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

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

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

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

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

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

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND

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

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

- **b. Series identification number, if any:** S000035729

- **c. LEI:** 549300BXRBFWS9SORH32

- **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?:** 4

- **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 Shares    | C000109502                                | VTIFX                        |
|                           2 | ETF Shares              | C000109503                                | BNDX                         |
|                           3 | Investor Shares         | C000109500                                | VTIBX                        |
|                           4 | Admiral Shares          | C000109501                                | VTABX                        |

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

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

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [ ] N/A

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

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

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

- **a. Is the Fund authorized to engage in securities lending transactions?** No

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

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

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

Did the Fund rely on the following rules?

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

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 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:** 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:** 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:** ITG Analytics Inc

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

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

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

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

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

**Pricing Services Record: 5**

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

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

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

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

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

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

**Pricing Services Record: 6**

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

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

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

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

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

**Pricing Services Record: 7**

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

- **i. Full name:** 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: 2**

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

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

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

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

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

**Custodians Record: 3**

- **i. Full name:** Standard Chartered Bank Malaysia Berhad

- **ii. LEI, if any:** 549300JTJBG2QBI8KD48

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

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

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

**Custodians Record: 4**

- **i. Full name:** Citibank Europe plc, Dublin, Ireland

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

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

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

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

**Custodians Record: 5**

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

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

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

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

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

**Custodians Record: 6**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

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

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

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

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

**Custodians Record: 7**

- **i. Full name:** Citibank del Peru, S.A.

- **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: 8**

- **i. Full name:** Citibank N.A.

- **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: 9**

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

- **ii. LEI, if any:** 8B4EZFY8IHJC44TT2K84

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

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

- **vii. With 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:** Bank Handlowy w Warszawie S.A.

- **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: 11**

- **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: 12**

- **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: 13**

- **i. Full name:** AO Citibank

- **ii. LEI, if any:** CHSQDSVI1UI96Y2SW097

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

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

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

**Custodians Record: 14**

- **i. Full name:** The 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: 15**

- **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: 16**

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

- **ii. LEI, if any:** X5AV1MBDXGRPX5UGMX13

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

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

- **vii. With 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, S.C.A.

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

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

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

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

**Custodians Record: 18**

- **i. Full name:** Ceskoslovenska obchodni banka, a.s.

- **ii. LEI, if any:** Q5BP2UEQ48R75BOTCB92

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

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

- **vii. With 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:** UniCredit Bank Hungary Zrt.

- **ii. LEI, if any:** Y28RT6GGYJ696PMW8T44

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

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

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

**Custodians Record: 20**

- **i. Full name:** Credit Suisse (Switzerland) Limited

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

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

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

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

**Custodians Record: 21**

- **i. Full name:** Cititrust Colombia S.A. Sociedad Fiduciaria

- **ii. LEI, if any:** SSER7O0CV66FF0PRYK94

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

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

- **vii. With 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:** Euroclear Bank S.A./N.V.

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

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

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

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

**Custodians Record: 23**

- **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: 24**

- **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: 25**

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

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

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

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

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

**Custodians Record: 26**

- **i. Full name:** State Street Bank and Trust Company, United Kingdom branch

- **ii. LEI, if any:** 213800YAZLPV26WFM449

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

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

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

**Custodians Record: 27**

- **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: 28**

- **i. Full name:** Citibank, A.S.

- **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: 29**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

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

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

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

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

**Custodians Record: 30**

- **i. Full name:** State Street Bank International GmbH

- **ii. LEI, if any:** ZMHGNT7ZPKZ3UFZ8EO46

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

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

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

**Custodians Record: 31**

- **i. Full name:** State Street Trust Company Canada

- **ii. LEI, if any:** 549300L71XG2CTQ2V827

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

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

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

**Custodians Record: 32**

- **i. Full name:** Citibank Europe plc, Dublin Romania Branch

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

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

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

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

**Custodians Record: 33**

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

- **ii. LEI, if any:** 571474TGEMMWANRLN572

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

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

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

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

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

**Custodians Record: 34**

- **i. Full name:** Banco Nacional de Mexico, S.A.

- **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: 35**

- **i. Full name:** Bank Hapoalim B.M.

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

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

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

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

**Custodians Record: 36**

- **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: 37**

- **i. Full name:** Citibank Europe plc, Dublin, Ireland

- **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: 38**

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

- **ii. LEI, if any:** RILFO74KP1CM8P6PCT96

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

**Administrators Record: 2**

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

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

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

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

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

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

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

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

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $141.98

**Aggregate Commission:** $141.98

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

| Name                                          | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Barclays Capital Inc.                         | 008-41342         | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $2,679,128,679.81         |
| Nomura Securities International, Inc.         | 008-15255         | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $4,695,015,876.49         |
| Goldman Sachs & Co. LLC                       | 008-00129         | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $5,427,098,130.44         |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK | N/A               | N/A          | 1VUV7VQFKUOQSJ21A208 |  |  | $2,363,724,787.14         |
| Vanguard Market Liquidity Fund                | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $23,935,931,877.00        |
| BNP PARIBAS                                   | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $8,897,253,008.66         |
| Citibank, National Association                | N/A               | N/A          | E57ODZWZ7FF32TWEFA76 | NY      | US        | $3,455,922,435.37         |
| Deutsche Bank Securities Inc.                 | 008-17822         | 000002525    | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $7,115,090,553.79         |
| MUFG Securities EMEA PLC                      | N/A               | N/A          | U7M81AY481YLIOR75625 |  |  | $5,419,846,464.95         |
| J.P. Morgan Securities LLC                    | 008-35008         | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $5,003,939,075.27         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $99,091,880,579.14

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

- **Item C.19.a - Fund's monthly average net assets:** $92,089,721,181.99

**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:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 2 Name of institution:** Brown Brothers Harriman & Co.

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

  - **Line Institutions Record: 4 Name of institution:** BNP Paribas

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

  - **Line Institutions Record: 6 Name of institution:** Morgan Stanley Bank, N.A.

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

  - **Line Institutions Record: 8 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 9 Name of institution:** Goldman Sachs Bank USA

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

  - **Line Institutions Record: 11 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 12 Name of institution:** JPMorgan Chase Bank, N.A.

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

  - **Line Institutions Record: 14 Name of institution:** The Toronto-Dominion Bank, New York Branch

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

  - **Line Institutions Record: 16 Name of institution:** Bank of America N.A.

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

  - **Line Institutions Record: 18 Name of institution:** State Street Bank and Trust Company

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

  - **Line Institutions Record: 20 Name of institution:** Barclays Bank plc

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

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

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

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

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

### Management Investment Record: 3 - VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND

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

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

- **b. Series identification number, if any:** S000067956

- **c. LEI:** 549300ROYBGCYUJI4283

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

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

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

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

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 1

**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 Share Class      | C000217896                                | VTIIX                        |
|                           2 | Institutional Share Class | C000217897                                | VTILX                        |

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

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

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

- **a. Is the Fund authorized to engage in securities lending transactions?** No

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

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

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

Did the Fund rely on the following rules?

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

- Rule 17a-7 (17 CFR 270.17a-7)

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000105958

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

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

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

**Pricing Services Record: 5**

- **i. Full name:** 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: 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:** 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:** Standard Chartered Bank Malaysia Berhad

- **ii. LEI, if any:** 549300JTJBG2QBI8KD48

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

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

- **vii. With 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:** Citibank Europe plc, Dublin, Ireland

- **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: 3**

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

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

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

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

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

**Custodians Record: 4**

- **i. Full name:** 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: 5**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

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

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

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

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

**Custodians Record: 6**

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

- **ii. LEI, if any:** 571474TGEMMWANRLN572

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

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

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

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

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

**Custodians Record: 7**

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

- **ii. LEI, if any:** X5AV1MBDXGRPX5UGMX13

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

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

- **vii. With 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:** Ceskoslovenska obchodni banka, a.s.

- **ii. LEI, if any:** Q5BP2UEQ48R75BOTCB92

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

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

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

**Custodians Record: 9**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

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

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

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

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

**Custodians Record: 10**

- **i. Full name:** Citibank Europe plc, Dublin Romania Branch

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

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

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

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

**Custodians Record: 11**

- **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: 12**

- **i. Full name:** Bank Handlowy w Warszawie S.A.

- **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: 13**

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

- **ii. LEI, if any:** 8B4EZFY8IHJC44TT2K84

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

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

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

**Custodians Record: 14**

- **i. Full name:** The 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: 15**

- **i. Full name:** Bank Hapoalim B.M.

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

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

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

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

**Custodians Record: 16**

- **i. Full name:** Euroclear Bank S.A./N.V.

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

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

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

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

**Custodians Record: 17**

- **i. Full name:** Citibank N.A.

- **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: 18**

- **i. Full name:** Credit Suisse (Switzerland) Limited

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

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

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

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

**Custodians Record: 19**

- **i. Full name:** BNP Paribas Securities Services, S.C.A.

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

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

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

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

**Custodians Record: 20**

- **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: 21**

- **i. Full name:** AO Citibank

- **ii. LEI, if any:** CHSQDSVI1UI96Y2SW097

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

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

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

**Custodians Record: 22**

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

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

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

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

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

**Custodians Record: 23**

- **i. Full name:** Banco Nacional de Mexico, S.A.

- **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: 24**

- **i. Full name:** Citibank Europe plc, Dublin, Ireland

- **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: 25**

- **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: 26**

- **i. Full name:** Cititrust Colombia S.A. Sociedad Fiduciaria

- **ii. LEI, if any:** SSER7O0CV66FF0PRYK94

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

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

- **vii. With 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:** State Street Bank and Trust Company, United Kingdom branch

- **ii. LEI, if any:** 213800YAZLPV26WFM449

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

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

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

**Custodians Record: 28**

- **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: 29**

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

- **ii. LEI, if any:** RILFO74KP1CM8P6PCT96

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

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

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

**Custodians Record: 30**

- **i. Full name:** Citibank, A.S.

- **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: 31**

- **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: 32**

- **i. Full name:** Citibank del Peru, S.A.

- **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: 33**

- **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: 34**

- **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: 35**

- **i. Full name:** State Street Trust Company Canada

- **ii. LEI, if any:** 549300L71XG2CTQ2V827

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

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

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

**Custodians Record: 36**

- **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: 37**

- **i. Full name:** State Street Bank International GmbH

- **ii. LEI, if any:** ZMHGNT7ZPKZ3UFZ8EO46

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

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

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

**Custodians Record: 38**

- **i. Full name:** UniCredit Bank Hungary Zrt.

- **ii. LEI, if any:** Y28RT6GGYJ696PMW8T44

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

**Administrators Record: 2**

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

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

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

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

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

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

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

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

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

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

**Brokers Record: 1**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $162.26

**Aggregate Commission:** $162.26

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

| Name                                          | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Goldman Sachs & Co. LLC                       | 008-00129         | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $6,226,974,805.54         |
| BNP PARIBAS                                   | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $8,102,115,617.13         |
| Vanguard Market Liquidity Fund                | N/A               | N/A          | 1I6HV0TLSTR3A4XQ6L78 | PA      | US        | $23,979,892,328.00        |
| Barclays Capital Inc.                         | 008-41342         | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $2,787,610,478.88         |
| Citibank, National Association                | N/A               | N/A          | E57ODZWZ7FF32TWEFA76 | NY      | US        | $3,502,890,881.94         |
| Nomura Securities International, Inc.         | 008-15255         | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $4,368,623,116.22         |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK | N/A               | N/A          | 1VUV7VQFKUOQSJ21A208 |  |  | $2,912,769,858.26         |
| J.P. Morgan Securities LLC                    | 008-35008         | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $4,792,071,597.46         |
| MUFG Securities EMEA PLC                      | N/A               | N/A          | U7M81AY481YLIOR75625 |  |  | $6,328,283,792.82         |
| Deutsche Bank Securities Inc.                 | 008-17822         | 000002525    | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $6,671,285,130.59         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $98,068,931,643.02

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

- **Item C.19.a - Fund's monthly average net assets:** $81,401,001,287.48

**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:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 2 Name of institution:** Societe Generale

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

  - **Line Institutions Record: 4 Name of institution:** Bank of Montreal, Chicago Branch

  - **Line Institutions Record: 5 Name of institution:** BNP Paribas

  - **Line Institutions Record: 6 Name of institution:** State Street Bank and Trust Company

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

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

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

  - **Line Institutions Record: 10 Name of institution:** Credit Suisse AG, New York Branch

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

  - **Line Institutions Record: 12 Name of institution:** HSBC Bank USA, N.A.

  - **Line Institutions Record: 13 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 14 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 15 Name of institution:** The Northern Trust Company

  - **Line Institutions Record: 16 Name of institution:** PNC Bank, National Association

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

  - **Line Institutions Record: 18 Name of institution:** Citibank, N.A.

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

  - **Line Institutions Record: 20 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

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

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

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

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

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

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## Part E: Additional Questions for ETFs and ETMFs

### VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** BNDX

**Item E.2 - Authorized Participants**

| Name                            | Purchase Value    | Redeem Value    |
|:---|:---|:---|
| Wedbush                         | $0.00             | $0.00           |
| BNP Paribas Prime Brokerage Inc | $0.00             | $0.00           |
| BMO Capital Markets             | $0.00             | $0.00           |
| Goldman Sachs                   | $107,553,979.00   | $0.00           |
| Virtu Americas LLC              | $48,552,970.38    | $19,775,000.00  |
| Credit Suisse                   | $0.00             | $0.00           |
| CitiGroup                       | $0.00             | $0.00           |
| Morgan Stanley                  | $0.00             | $0.00           |
| Nomura                          | $0.00             | $0.00           |
| Jane Street                     | $0.00             | $0.00           |
| Cantor Fitzgerald Co            | $0.00             | $0.00           |
| SG Americas                     | $0.00             | $0.00           |
| Citadel Securities              | $0.00             | $0.00           |
| UBS                             | $0.00             | $0.00           |
| Virtu Financial                 | $0.00             | $0.00           |
| Deutsche Bank                   | $0.00             | $0.00           |
| RBC                             | $145,574,034.02   | $0.00           |
| Barclays Capital                | $0.00             | $0.00           |
| Jefferies Co                    | $0.00             | $0.00           |
| Merrill Lynch                   | $0.00             | $0.00           |
| BNY Mellon Capital Markets      | $0.00             | $0.00           |
| Mizuho Securities USA           | $0.00             | $0.00           |
| ABN AMRO Clearing               | $0.00             | $0.00           |
| Hudson River Trading            | $0.00             | $0.00           |
| Wells Fargo                     | $0.00             | $0.00           |
| Cowen and Company LLC           | $0.00             | $0.00           |
| JP Morgan                       | $4,630,760,767.03 | $0.00           |
| Merrill Lynch Pro               | $1,768,687,764.27 | $261,317,000.00 |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 1.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 1.00%

- **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):** 1.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** VANGUARD CHARLOTTE FUNDS

**Date:** 2023-01-11

**Signature:** Ashley Grim

**Title:** Treasurer