Release Date Vanguard® Total Market Fund - Institutional Shares 06-30-21 ...... Category Large Blend

Investment Objective & Strategy Portfolio Analysis From the investment's prospectus Composition as of 06-30-21 % Assets Morningstar Style Box™ as of 06-30-21 % Mkt Cap The investment seeks to track the performance of the CRSP U.S. 99.1 Large Giant 41.85 ...... US Total Market Index that measures the investment return Non-U.S. Stocks 0.9 Mid Large 30.55 of the overall . Bonds 0.0 Medium 19.12

The fund employs an indexing investment approach Cash 0.0 Small Small 6.21 designed to track the performance of the index, which Other 0.0 ...... Micro 2.27 represents approximately 100% of the investable U.S. stock Value Blend Growth market and includes large-, mid-, small-, and micro-cap stocks regularly traded on the New York and Top 10 Holdings as of 06-30-21 % Assets Morningstar Equity Sectors as of 06-30-21 % Fund . It invests by sampling the index, meaning that it Apple Inc 4.90 h Cyclical 31.63 ...... holds a broadly diversified collection of securities that, in the Microsoft Corp 4.60 r Basic Materials 2.44 aggregate, approximates the full index in terms of key Amazon.com Inc 3.33 t Consumer Cyclical 11.83 characteristics. Facebook Inc Class A 1.88 y Financial Services 13.77 Past name(s) : Vanguard Total Stock Market Idx Instl. Alphabet Inc Class A 1.66 ...... u Real Estate 3.59 Alphabet Inc Class C 1.56 j Sensitive 46.66 ...... and Risk Tesla Inc 1.18 i Communication Services 10.40 Volatility as of 06-30-21 Berkshire Hathaway Inc Class B 1.09 Investment NVIDIA Corp 1.07 o Energy 2.77 p Industrials 9.39 Low Moderate High JPMorgan Chase & Co 1.06 a Technology 24.10 Category k Defensive 21.70 ...... Risk Measures as of 06-30-21 Port Avg Rel S&P 500 Rel Cat s Consumer Defensive 5.77 3 Yr Std Dev 19.41 1.05 1.02 d Healthcare 13.64 3 Yr 1.04 . 1.04 f Utilities 2.29

Principal Risks Operations Loss of Money, Not FDIC Insured, Market/Market Volatility, Gross Prosp Exp Ratio 0.03% of fund assets Waiver Data Type Exp. Date % Equity Securities, Sampling Net Prosp Exp Ratio 0.03% of fund assets . . . . Management Fee 0.03% Important Information 12b-1 Fee . Portfolio Manager(s) Morningstar Investment Profiles must be accompanied Other Fee . Gerard O’Reilly. Since 1994. by Morningstar Disclosure and Glossary. Miscellaneous Fee(s) 0.00% Walter Nejman. Since 2016. Fund Inception Date 07-07-97 ...... Funds or their affiliates may pay compensation to Voya® Total Fund Assets ($mil) 1,005,243.8 Advisor Vanguard Group Inc affiliates offering a fund. Such compensation may be paid out Annual Turnover Ratio % 8.00 Subadvisor . of distribution, service and/or 12b-1 fees that are deducted Fund Family Name Vanguard from the fund's assets, and/or may be paid directly by the fund's affiliates. Any fees deducted from fund assets are Notes discussed in the fund's prospectus and disclosed in the fund fact sheet. Because these fees are paid on an on-going basis, over time these fees will increase the cost of your investment and may cost you more than paying other types of sales charges. If offered through a retirement program, additional fees and expenses may be charged under that program. NOT A DEPOSIT. NOT FDIC INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE INSTITUTION. MAY GO DOWN IN VALUE.

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