Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Vanguard VIF Total Intl Stk Mkt Idx Release date as of 2024-11-30. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-11-30 Out of 640 Foreign Large Blend Funds Morningstar® Style Box™ What is this? As of 2024-11-30 Total Fund Assets ($ Mil) 1,580.23 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks to track the performance of the FTSE Global All Cap ex US Index. The index is a float-adjusted market-capitalization-weighted index designed to measure equity market performance of companies located in developed and emerging markets, excluding the United States. The advisor obtains its exposure to the stocks in the index by investing all, or substantially all, of its assets in a mix of Vanguard equity index funds (underlying funds). The Portfolio's allocations to the underlying funds will change over time as the composition of the index changes.

Morningstar Category: Foreign Large Blend Foreign large-blend portfolios invest in a variety of big international stocks. Most of these portfolios divide their assets among a dozen or more developed markets, including Japan, Britain, France, and Germany. These portfolios primarily invest in stocks that have market caps in the top 70% of each economically integrated market (such as Europe or Asia ex-Japan). The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios typically will have less than 20% of assets invested in U.S. stocks.

Investment Risks Foreign Securities Funds/Emerging Market Funds: Risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks. Fund of Funds: An investment option with mutual funds in its portfolio may be subject to the expenses of those mutual funds in addition to those of the investment option itself.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 0.6 Non-U.S. Stocks 97.6 Bonds 0.0 Cash 1.7 Other 0.2 Data through 2024-11-30 Morningstar Equity Sectors % of Stocks Cyclical 42.49 Basic Materials 7.43 Consumer Cyclical 10.93 Financial Services 21.02 Real Estate 3.11 Sensitive 38.71 Communication Services 5.55 Energy 4.90 Industrials 15.15 Technology 13.11 Defensive 18.82 Consumer Defensive 6.51 Healthcare 9.19 Utilities 3.12 Data through 2024-11-30 Morningstar World Regions % Fund Americas 10.0 North America 8.0 Latin America 2.0 Greater Europe 42.4 United Kingdom 8.8 Europe Developed 29.5 Europe Emerging 0.7 Africa/Middle East 3.3 Greater Asia 47.7 Japan 15.6 Australasia 5.1 Asia Developed 10.7 Asia Emerging 16.3 Data through 2024-11-30 Holding Status Total Number of Stock Holdings 0 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 99.87 Turnover % (as of 2023-12-31) 18.00 30 Day SEC Yield % 0.00 Top Holdings Sector Country % of Net Assets Vanguard Developed Markets Index Admiral --- United States 28.02 Vanguard FTSE All-Wld ex-US Idx Admiral --- United States 27.99 Vanguard Emerging Mkts Stock Idx Adm --- United States 18.92 Vanguard European Stock Admiral --- United States 11.61 Vanguard Pacific Stock Index Admiral --- United States 7.96 Vanguard FTSE All-Wld ex-US SmCp Idx Adm --- United States 3.19 Vanguard FTSE Canada All Cap ETF --- Canada 2.18 Data through 2024-11-30

Principal Risks    Currency, Emerging Markets, Loss of Money, Not FDIC Insured, Country or Region, Market/Market Volatility, Equity Securities, Underlying Fund/Fund of Funds, Management Show Risk Definitions

Other Information Inception Date: 2017-09-07 Portfolio Manager(s) Walter Nejman   (2017-09-07) Walter Nejman, Portfolio Manager at Vanguard. He has been with Vanguard since 2005; has worked in investment management since 2008; and has co-managed the Communication Services Index, Health Care Index, Industrials Index, and Information Technology Index Funds since 2015. Education: B.A., Arcadia University; M.B.A., Villanova University. Aurélie Denis   (2023-02-17) Aurélie Denis, CFA, Portfolio Manager at Vanguard. She has been with Vanguard since 2016, has worked in investment management since 2017, has managed investment portfolios since 2023, and has co-managed the Fund since February 2023. Education: B.S., Pennsylvania State University. Investment Advisor(s) Vanguard Group Inc Issuer Vanguard Subadvisor(s) ---

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