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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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Text Content

 



  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.

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