# EDGAR Filing Document

**Accession Number:** 0000313850
**File Stem:** 0001104659-25-083711
**Filing Date:** 2025-8
**Character Count:** 24007
**Document Hash:** a38b0717fbd7f9c762de11f5f142543c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-083711.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001104659-25-083711

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**EFFECTIVENESS DATE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD TRUSTEES' EQUITY FUND
- **CENTRAL INDEX KEY:** 0000313850

**ORGANIZATION NAME:**
- **EIN:** 232120820
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02968-99
- **FILM NUMBER:** 251260285

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD TRUSTEES EQUITY FUNDS
- **DATE OF NAME CHANGE:** 20011121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD TRUSTEES EQUITY FUND
- **DATE OF NAME CHANGE:** 19930303

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUSTEES COMINGLED FUND
- **DATE OF NAME CHANGE:** 19930302

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0000313850

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Registered Management Investment Company

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** VANGUARD TRUSTEES' EQUITY FUND

**Address:** PO BOX 2600, VALLEY FORGE, PA 19482

**Telephone number:** 610-669-1000

**Name of agent for service:** John Galloway

**Agent Address:** 100 Vanguard Boulevard, Malvern, PA 19355

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 811-02968-99

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300EQOO1PY5885755

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [x] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [ ] No

- [x] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                  |     CUSIP | MEETING DATE   | VOTE DESCRIPTION                                 | VOTE CATEGORY      |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|---:|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Tara Bunch         | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  44582.5 | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Mark Loughridge    | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  94891.1 | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Scott C. Malpass   | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                 102803   | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: John Murphy        | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  66768.6 | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Lubos Pastor       | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  44641.6 | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Rebecca Patterson  | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  41193.6 | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Andre F. Perold    | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                 116680   | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Salim Ramji        | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  79901.1 | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Sarah Bloom Raskin | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  75926.1 | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Grant Reid         | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  57908.8 | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: David Thomas       | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  85702.8 | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Barbara Venneman   | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  66000.5 | AGAINST                     |  |
| Vanguard Explorer Fund          | 921926101 | 02/26/2025     | Elect Trustees for each fund: Peter F. Volanakis | DIRECTOR ELECTIONS |    2.36324e+06 |                0 | AGAINST     |                                  95772.6 | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Tara Bunch         | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 247520   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Mark Loughridge    | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 337616   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Scott C. Malpass   | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 269722   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: John Murphy        | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 205354   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Lubos Pastor       | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 259840   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Rebecca Patterson  | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 196064   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Andre F. Perold    | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 301344   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Salim Ramji        | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 240763   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Sarah Bloom Raskin | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 303991   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Grant Reid         | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 253710   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: David Thomas       | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 289233   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Barbara Venneman   | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 200382   | AGAINST                     |  |
| Vanguard Growth and Income Fund | 921913109 | 02/26/2025     | Elect Trustees for each fund: Peter F. Volanakis | DIRECTOR ELECTIONS |    8.70659e+06 |                0 | AGAINST     |                                 327316   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Tara Bunch         | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 139637   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Mark Loughridge    | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 147392   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Scott C. Malpass   | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 131134   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: John Murphy        | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 133221   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Lubos Pastor       | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 172961   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Rebecca Patterson  | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 128574   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Andre F. Perold    | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 183194   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Salim Ramji        | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 194111   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Sarah Bloom Raskin | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 131464   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Grant Reid         | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 124913   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: David Thomas       | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 129555   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Barbara Venneman   | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 130044   | AGAINST                     |  |
| Vanguard Mid-Cap Growth Fund    | 921946307 | 02/26/2025     | Elect Trustees for each fund: Peter F. Volanakis | DIRECTOR ELECTIONS |    5.423e+06   |                0 | AGAINST     |                                 139235   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Tara Bunch         | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 337590   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Mark Loughridge    | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 374333   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Scott C. Malpass   | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 347575   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: John Murphy        | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 303411   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Lubos Pastor       | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 337999   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Rebecca Patterson  | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 297824   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Andre F. Perold    | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 357002   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Salim Ramji        | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 381023   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Sarah Bloom Raskin | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 350771   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Grant Reid         | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 321399   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: David Thomas       | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 338023   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Barbara Venneman   | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 312033   | AGAINST                     |  |
| Vanguard U.S. Growth Fund       | 921910105 | 02/26/2025     | Elect Trustees for each fund: Peter F. Volanakis | DIRECTOR ELECTIONS |    1.23882e+07 |                0 | AGAINST     |                                 350102   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Tara Bunch         | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 541262   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Mark Loughridge    | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 506389   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Scott C. Malpass   | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 558487   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: John Murphy        | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 470499   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Lubos Pastor       | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 531334   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Rebecca Patterson  | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 515523   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Andre F. Perold    | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 527834   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Salim Ramji        | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 550173   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Sarah Bloom Raskin | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 532227   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Grant Reid         | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 492465   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: David Thomas       | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 567770   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Barbara Venneman   | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 488320   | AGAINST                     |  |
| Vanguard Windsor Fund           | 922018106 | 02/26/2025     | Elect Trustees for each fund: Peter F. Volanakis | DIRECTOR ELECTIONS |    2.48206e+07 |                0 | AGAINST     |                                 501773   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Tara Bunch         | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 289945   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Mark Loughridge    | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 294915   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Scott C. Malpass   | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 296776   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: John Murphy        | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 300299   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Lubos Pastor       | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 289631   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Rebecca Patterson  | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 271342   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Andre F. Perold    | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 309187   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Salim Ramji        | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 312350   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Sarah Bloom Raskin | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 306814   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Grant Reid         | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 303184   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: David Thomas       | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 304711   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Barbara Venneman   | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 270578   | AGAINST                     |  |
| Vanguard Windsor II Fund        | 922018205 | 02/26/2025     | Elect Trustees for each fund: Peter F. Volanakis | DIRECTOR ELECTIONS |    8.98721e+06 |                0 | AGAINST     |                                 330559   | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** VANGUARD TRUSTEES' EQUITY FUND

**By (Signature):** SALIM RAMJI

**By (Printed Signature):** SALIM RAMJI

**By (Title):** PRESIDENT AND CHIEF EXECUTIVE OFFICER

**Date:** 08/27/2025