revised_psadma022019.htm - Generated by SEC Publisher for SEC Filing

Vanguard FTSE All-World ex-US Small-Cap Index Fund

Vanguard FTSE Social Index Fund

Vanguard High Dividend Yield Index Fund

Vanguard Long-Term Bond Index Fund

Vanguard Total World Stock Index Fund

(each, a “Fund” and together, the “Funds”)

Supplement to the Prospectuses and Summary Prospectuses for

Investor Shares and Admiral™Shares

Admiral Shares of each Fund will be available for investment effective February 7, 2019.

The Funds’ Admiral Shares have an investment minimum of $3,000.

You may convert your Investor Shares to Admiral Shares at any time by contacting

Vanguard. It is anticipated that the Funds’ outstanding Investor Shares will be

automatically converted to Admiral Shares beginning in April 2019.


© 2019 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.	PS ADMA 022019