psadmb032019.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

Effective March 14, 2019, each Fund’s Investor Shares will generally be closed to

new investors. Investor Shares will remain open to existing investors. 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 ADMB 032019