Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Vanguard VIF Mid-Cap Index Release date as of 2024-10-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-10-31 Out of 403 Mid-Cap Blend Funds Morningstar® Style Box™ What is this? As of 2024-10-31 Total Fund Assets ($ Mil) 2,856.73 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks to track the performance of the CRSP US Mid Cap Index that measures the investment return of mid-capitalization stocks. The Portfolio employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Morningstar Category: Mid-Cap Blend The typical mid-cap blend portfolio invests in U.S. stocks of various sizes and styles, giving it a middle-of the-road profile. Most shy away from high-priced growth stocks but aren't so price-conscious that they land in value territory. Stocks in the middle 20% of the capitalization of the U.S. equity market are defined as mid-cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate.

Investment Risks Mid Cap Funds: The securities of companies with market capitalizations below $10 billion may be more volatile and less liquid than the securities of larger companies.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 98.3 Non-U.S. Stocks 1.6 Bonds 0.0 Cash 0.2 Other 0.0 Data through 2024-10-31 Morningstar Equity Sectors % of Stocks Cyclical 33.79 Basic Materials 4.73 Consumer Cyclical 7.96 Financial Services 13.26 Real Estate 7.84 Sensitive 43.41 Communication Services 3.23 Energy 4.62 Industrials 17.17 Technology 18.39 Defensive 22.81 Consumer Defensive 4.80 Healthcare 9.52 Utilities 8.49 Data through 2024-10-31 Holding Status Total Number of Stock Holdings 313 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 8.83 Turnover % (as of 2023-12-31) 16.00 30 Day SEC Yield % 1.33 Top Holdings Sector P/E % of Net Assets Palantir Technologies Inc Ordinary Shares - Class A 244.47 1.03 Constellation Energy Corp 34.97 1.00 Welltower Inc --- 1.00 Amphenol Corp Class A 38.41 0.98 Motorola Solutions Inc 52.62 0.91 Cintas Corp 52.01 0.85 TransDigm Group Inc 48.16 0.84 Carrier Global Corp Ordinary Shares 42.78 0.76 Arthur J. Gallagher & Co 53.66 0.75 Digital Realty Trust Inc --- 0.71 Data through 2024-10-31

Principal Risks    Loss of Money, Not FDIC Insured, Index Correlation/Tracking Error, Market/Market Volatility, Equity Securities, Management Show Risk Definitions

Other Information Inception Date: 1999-02-09 Portfolio Manager(s) Aaron Choi   (2023-08-04) Aaron Choi, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2011, has worked in investment management since 2015, and has co-managed the Fund since August 2023. Education: B.S., Pennsylvania State University. Investment Advisor(s) Vanguard Group Inc Issuer Vanguard Subadvisor(s) ---

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