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Vanguard Funds

Supplement Dated May 10, 2024, to the Statement of Additional Information
Important Change to Vanguard Funds’ Boards of Trustees
Deanna Mulligan resigned from the boards of trustees of the Vanguard funds effective May 3, 2024.
© 2024 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.
SAI ALL4 052024