Vanguard Funds
Supplement Dated June 26, 2025, to the Prospectuses and Summary Prospectuses
Effective today, Jake Riley has been added as a co-portfolio manager of each Fund listed in the table below (each, an “impacted Fund,” and collectively, the “impacted Funds”). Mr. Riley joins Joshua C. Barrickman, who will continue to serve as a co-portfolio manager of the impacted Funds.
The impacted Funds’ investment objective, strategies, and policies remain unchanged.
Prospectus Text Changes
The following table lists each impacted Fund where Mr. Riley has been added as a co-portfolio manager:
Impacted Funds
Vanguard Short-Term Corporate Bond Index Fund
Vanguard Intermediate-Term Corporate Bond Index Fund
Vanguard Long-Term Corporate Bond Index Fund
Vanguard Total Corporate Bond ETF
Vanguard ESG U.S. Corporate Bond ETF
The following is added under the heading Investment Advisor in the Fund Summary section for each impacted Fund:
Jake Riley, CFA, Portfolio Manager at Vanguard. He has co-managed the Fund since June 2025.
The following is added under the heading Investment Advisor in the More on the Funds or More on the Fund(s) and ETF Shares section for each
impacted Fund:
Jake Riley, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2008, has worked in investment management since 2011, and has co-managed the Fund since June 2025. Education: B.S., James Madison University; M.B.A., University of Chicago Booth School of Business.
CFA® is a registered trademark owned by CFA Institute.
© 2025 The Vanguard Group, Inc. All rights reserved. |
PS PMD 062025 |
Vanguard Marketing Corporation, Distributor. |
Vanguard Scottsdale Funds
Supplement Dated June 26, 2025, to the Statement of Additional Information Dated March 4, 2025
Effective today, Jake Riley has been added as a co-portfolio manager of each Fund listed in the table below (each, an “impacted Fund,” and collectively, the “impacted Funds”). Mr. Riley joins Joshua C. Barrickman, who will continue to serve as a co-portfolio manager of the impacted Funds.
The impacted Funds’ investment objective, strategies, and policies remain unchanged.
Impacted Funds
Vanguard Short-Term Corporate Bond Index Fund
Vanguard Intermediate-Term Corporate Bond Index Fund
Vanguard Long-Term Corporate Bond Index Fund
Vanguard Total Corporate Bond ETF
Statement of Additional Information Text Changes
In the Investment Advisory and Other Services section, the following text and table are added under the sub-heading
1. Other Accounts Managed on page B-73:
|
|
|
|
|
|
Total assets in |
|
|
|
|
|
No. of accounts with |
accounts with |
|
|
No. of |
|
|
performance-based |
performance-based |
Portfolio Manager |
|
accounts |
Total assets |
fees |
fees |
|
Jake Riley |
Registered investment companies1 |
0 |
|
0 |
0 |
$0 |
|
Other pooled investment vehicles |
4 |
$8.3B |
0 |
$0 |
|
|
Other accounts |
0 |
$ |
0 |
0 |
$0 |
|
|
|
|
|
|
|
1 Information provided as of April 30, 2025.
Within the same section, the following text replaces similar text under the sub-heading 4. Ownership of Securities on page B-74:
As of April 30, 2025, Mr. Riley did not own shares of the impacted Funds.
© 2025 The Vanguard Group, Inc. All rights reserved. |
SAI 1690A 062025 |
Vanguard Marketing Corporation, Distributor. |