Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Vanguard VIF Small Co Gr Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Fees and Expenses Taken from prospectus dated 2023-04-28   Maximum Fees Administrative --- Management 0.28% 12b-1 --- Actual Fees 12b-1 --- Management 0.28% Expense Ratio --- Total Annual Operating Expense 0.29%

Waiver Data Type Date % --- --- --- ---

Management Inception Date: 1996-06-03

Mngr Name Chad Meade Mngr Start Date 2016-01-25 Biography Chad is a Partner and Portfolio Manager at Arrowpoint Partners and has 14 years of experience in the financial industry. He previously served as the Co-Portfolio Manager and Executive Vice President of the Janus Triton Fund (2006-2013) and the Janus Venture Fund (2010-2013). While an equity research analyst at Janus Capital (2001-2011), he focused on small and mid capitalization stocks in the healthcare and industrials sectors. Prior to joining Janus Capital, he was a financial analyst for Goldman Sachs’ global investment research team. Chad graduated summa cum laude from Virginia Tech with a Mngr Name Brian Schaub Mngr Start Date 2016-01-25 Biography Brian is a Partner and Portfolio Manager at Arrowpoint Partners and has 13 years of experience in the financial industry. He previously served as the Co-Portfolio Manager and Executive Vice President of the Janus Triton Fund (2006-2013) and the Janus Venture Fund (2010-2013). During his time as an equity research analyst at Janus Capital (2000-2011), he focused on small and mid capitalization stocks in the communications sector. Brian graduated cum laude from Williams College with a bachelor’s degree in Economics and won the Arthur B. Graves, Class of 1858, Essay Prize in Economics for his wor Mngr Name Cesar Orosco Mngr Start Date 2021-02-26 Biography CFA, Ph.D., Senior Portfolio Manager at Vanguard. He has been with Vanguard since April 2020, has worked in investment management since 2004, has managed investment portfolios since 2004, and has co-managed a portion of the Fund since February 2021. Education: B.S., Universidad de Lima; Ph.D., University of Pennsylvania. Investment Advisor(s) ArrowMark Colorado Holdings, LLC (ArrowMark Partners) Vanguard Group Inc Web Site www.vanguard.com Issuer Vanguard Subadvisor(s) ---

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