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Submission: On December 04 via manual from US — Scanned from IS
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<center><b> THE VANGUARD FUNDS <br>
JOINT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD FEBRUARY 26, 2025 <br>
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARDS OF TRUSTEES OF THE FUNDS <br>
</b></center> <br> The undersigned hereby appoint(s) Christine Buchanan and Tonya Robinson, or either of them individually, as Proxies of the undersigned with full power of substitution, to vote and act with respect to all interests in each of the
Funds with respect to which the undersigned is entitled to vote at the Joint Special Meeting of Shareholders of each such Fund to be held virtually at the following Website: www.meetnow.global/MW4PNCM, on February 26, 2025 at
8:00 a.m., Eastern Time and at any adjournments or postponements thereof. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box on this card.<br>
<br> The undersigned acknowledges receipt of the Notice of Joint Special Meeting of Shareholders and of the accompanying Joint Proxy Statement, and revokes any proxy previously given with respect to such meeting.<br>
<br> This proxy will be voted as instructed.
<b> If no specification is made for a proposal, the proxy will be voted “FOR” each nominee for trustee in proposal 1. The Proxies are authorized in their discretion to vote upon such other matters as may come before the Joint Special Meeting or any adjournments or postponements thereof.<br></b>
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<a href="https://www.proxy-direct.com/MeetingDocuments/Vanguard/Vanguard Voting Instruction Card.pdf" target="_blank" style="white-space: nowrap">Vanguard Voting Instruction Card</a><br>
<a href="https://www.proxy-direct.com/MeetingDocuments/Vanguard/Vanguard Voting Instruction Form.pdf" target="_blank" style="white-space: nowrap">Vanguard Voting Instruction Form</a><br>
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THE VANGUARD FUNDS JOINT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD FEBRUARY 26, 2025 THIS PROXY IS SOLICITED ON BEHALF OF THE BOARDS OF TRUSTEES OF THE FUNDS The undersigned hereby appoint(s) Christine Buchanan and Tonya Robinson, or either of them individually, as Proxies of the undersigned with full power of substitution, to vote and act with respect to all interests in each of the Funds with respect to which the undersigned is entitled to vote at the Joint Special Meeting of Shareholders of each such Fund to be held virtually at the following Website: www.meetnow.global/MW4PNCM, on February 26, 2025 at 8:00 a.m., Eastern Time and at any adjournments or postponements thereof. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box on this card. The undersigned acknowledges receipt of the Notice of Joint Special Meeting of Shareholders and of the accompanying Joint Proxy Statement, and revokes any proxy previously given with respect to such meeting. This proxy will be voted as instructed. If no specification is made for a proposal, the proxy will be voted “FOR” each nominee for trustee in proposal 1. The Proxies are authorized in their discretion to vote upon such other matters as may come before the Joint Special Meeting or any adjournments or postponements thereof. Click Here to Acknowledge Proxy Questions? Please contact your Vanguard representative or call 1-866-643-5201 Technical Questions? Contact Computershare 1-866-735-3817 vghelp@computershare.com Proxy Material Vanguard Notice Vanguard Proxy Card Vanguard Proxy Statement Vanguard Voting Instruction Card Vanguard Voting Instruction Form This Website is provided by, and the information contained herein is provided by, Computershare Fund Services, Vanguard's authorized agent for proxy voting and tabulation services. WARNING! This resource is provided for authorized users only. Any unauthorized access, use or publication of this content is strictly prohibited. Violators will be prosecuted. Your browser must support JavaScript 1.1 or higher in order to continue. If you are unable to vote your proxy using this service because of technical difficulties, you should refer to your Proxy Package for other voting options. Reproduction in whole or in part in any form or medium without express written permission of Computershare Limited is prohibited. © 2024 - Computershare. All Rights Reserved. Comments | Privacy Policy