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Taxes

Qualified dividend income—2020 year-end figures

The tables show the percentage of 2020 dividend and net short-term capital gain distributions, by fund and share class, that are eligible for reduced tax rates as "qualified dividend income" (QDI). Equity and balanced funds are likely to distribute QDI to shareholders; money market and bond funds won't distribute QDI.
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QDI-eligible amounts, including any net short-term capital gains, are reported to shareholders in Box 1b of Form 1099-DIV. For those shareholders who don't receive a Form 1099-DIV, QDI-eligible amounts can be determined by applying the relevant percentages from the table to the dividend and net short-term capital gain distributions shown on the shareholder's 2020 year-end account statement.

Note: Because of the unique reporting requirements for Vanguard Real Estate Index Fund, Vanguard has received an extension to mail Form 1099-DIV to shareholders by late February. As a result, QDI information for this fund won't be available until that time.

Fund name QDI figures for dividends QDI figures for short-term capital gains
Vanguard 500 Index Fund Admiral™ Shares 100.00% 0.00%
Vanguard 500 Index Fund Institutional Select Shares 100.00% 0.00%
Vanguard 500 Index Fund Investor Shares 100.00% 0.00%
Vanguard Alternative Strategies Fund Investor Shares 100.00% 0.00%
Vanguard Balanced Index Fund Admiral Shares 52.92% 0.00%
Vanguard Balanced Index Fund Institutional Shares 52.92% 0.00%
Vanguard Balanced Index Fund Investor Shares 52.92% 0.00%
Vanguard Capital Opportunity Fund Admiral Shares 100.00% 100.00%
Vanguard Capital Opportunity Fund Investor Shares 100.00% 100.00%
Vanguard Capital Value Fund Investor Shares 100.00% 0.00%
Vanguard Communications Services Index Fund Admiral Shares 100.00% 0.00%
Vanguard Communications Services Index Fund ETF Shares 100.00% 0.00%
Vanguard Consumer Discretionary Index Fund Admiral Shares 39.66% 0.00%
Vanguard Consumer Discretionary Index Fund ETF Shares 39.66% 0.00%
Vanguard Consumer Staples Index Fund Admiral Shares 100.00% 0.00%
Vanguard Consumer Staples Index Fund ETF Shares 100.00% 0.00%
Vanguard Developed Markets Index Fund Admiral Shares 80.22% 0.00%
Vanguard Developed Markets Index Fund Institutional Plus Shares 80.22% 0.00%
Vanguard Developed Markets Index Fund Institutional Shares 80.22% 0.00%
Vanguard Developed Markets Index Fund Investor Shares 80.22% 0.00%
Vanguard Diversified Equity Fund Investor Shares 98.35% 24.39%
Vanguard Dividend Appreciation Index Fund Admiral Shares 100.00% 0.00%
Vanguard Dividend Appreciation Index Fund ETF Shares 100.00% 0.00%
Vanguard Dividend Growth Fund Investor Shares 100.00% 100.00%
Vanguard Emerging Markets Select Stock Fund Investor Shares 84.78% 0.00%
Vanguard Emerging Markets Stock Index Fund Admiral Shares 45.95% 0.00%
Vanguard Emerging Markets Stock Index Fund ETF Shares 45.95% 0.00%
Vanguard Emerging Markets Stock Index Fund Institutional Plus Shares 45.95% 0.00%
Vanguard Emerging Markets Stock Index Fund Institutional Shares 45.95% 0.00%
Vanguard Emerging Markets Stock Index Fund Investor Shares 45.95% 0.00%
Vanguard Energy Fund Admiral Shares 100.00% 0.00%
Vanguard Energy Fund Investor Shares 100.00% 0.00%
Vanguard Energy Index Fund Admiral Shares 100.00% 0.00%
Vanguard Energy Index Fund ETF Shares 100.00% 0.00%
Vanguard Equity Income Fund Admiral Shares 100.00% 0.00%
Vanguard Equity Income Fund Investor Shares 100.00% 0.00%
Vanguard ESG International Stock ETF 66.13% 0.00%
Vanguard ESG U.S. Stock ETF 96.36% 0.00%
Vanguard European Stock Index Fund ETF Shares 85.68% 0.00%
Vanguard European Stock Index Fund Admiral Shares 85.68% 0.00%
Vanguard European Stock Index Fund Institutional Plus Shares 85.68% 0.00%
Vanguard European Stock Index Fund Institutional Shares 85.68% 0.00%
Vanguard European Stock Index Fund Investor Shares 85.68% 0.00%
Vanguard Explorer™ Fund Admiral Shares 100.00% 25.39%
Vanguard Explorer Fund Investor Shares 100.00% 25.39%
Vanguard Explorer Value Fund Investor Shares 100.00% 0.00%
Vanguard Extended Market Index Fund Admiral Shares 61.56% 0.00%
Vanguard Extended Market Index Fund ETF Shares 61.56% 0.00%
Vanguard Extended Market Index Fund Institutional Plus Shares 61.56% 0.00%
Vanguard Extended Market Index Fund Institutional Select Shares 61.56% 0.00%
Vanguard Extended Market Index Fund Institutional Shares 61.56% 0.00%
Vanguard Extended Market Index Fund Investor Shares 61.56% 0.00%
Vanguard Financials Index Fund Admiral Shares 98.20% 0.00%
Vanguard Financials Index Fund ETF Shares 98.20% 0.00%
Vanguard FTSE All-World ex-US Index Fund Admiral Shares 73.78% 0.00%
Vanguard FTSE All-World ex-US Index Fund ETF Shares 73.78% 0.00%
Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares 73.78% 0.00%
Vanguard FTSE All-World ex-US Index Fund Institutional Shares 73.78% 0.00%
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares 56.06% 0.00%
Vanguard FTSE All-World ex-US Small-Cap Index Fund ETF Shares 56.06% 0.00%
Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares 56.06% 0.00%
Vanguard FTSE Developed Markets ETF Shares 80.22% 0.00%
Vanguard FTSE Social Index Fund Admiral Shares 100.00% 0.00%
Vanguard FTSE Social Index Fund Institutional Shares 100.00% 0.00%
Vanguard Global Capital Cycles Fund Investor Shares 100.00% 0.00%
Vanguard Global Equity Fund Investor Shares 100.00% 83.23%
Vanguard Global ESG Select Stock Fund Admiral Shares 100.00% 86.36%
Vanguard Global ESG Select Stock Fund Investor Shares 100.00% 86.36%
Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares 47.44% 0.00%
Vanguard Global ex-U.S. Real Estate Index Fund ETF Shares 47.44% 0.00%
Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares 47.44% 0.00%
Vanguard Global Minimum Volatility Fund Admiral Shares 90.76% 0.00%
Vanguard Global Minimum Volatility Fund Investor Shares 90.76% 0.00%
Vanguard Global Wellesley® Income Fund Admiral Shares 51.66% 0.00%
Vanguard Global Wellesley Income Fund Investor Shares 51.66% 0.00%
Vanguard Global Wellington™ Fund Admiral Shares 86.72% 0.00%
Vanguard Global Wellington Fund Investor Shares 86.72% 0.00%
Vanguard Growth and Income Fund Admiral Shares 100.00% 40.53%
Vanguard Growth and Income Fund Investor Shares 100.00% 40.53%
Vanguard Growth Index Fund Admiral Shares 94.07% 0.00%
Vanguard Growth Index Fund ETF Shares 94.07% 0.00%
Vanguard Growth Index Fund Institutional Shares 94.07% 0.00%
Vanguard Growth Index Fund Investor Shares 94.07% 0.00%
Vanguard Health Care Fund Admiral Shares 100.00% 63.85%
Vanguard Health Care Fund Investor Shares 100.00% 63.85%
Vanguard Health Care Index Fund Admiral Shares 100.00% 0.00%
Vanguard Health Care Index Fund ETF Shares 100.00% 0.00%
Vanguard High Dividend Yield Index Fund Admiral Shares 100.00% 0.00%
Vanguard High Dividend Yield Index Fund ETF Shares 100.00% 0.00%
Vanguard Industrials Index Fund Admiral Shares 98.45% 0.00%
Vanguard Industrials Index Fund ETF Shares 98.45% 0.00%
Vanguard Information Technology Index Fund Admiral Shares 100.00% 0.00%
Vanguard Information Technology Index Fund ETF Shares 100.00% 0.00%
Vanguard Institutional Index Fund Institutional Plus Shares 96.79% 0.00%
Vanguard Institutional Index Fund Institutional Shares 96.79% 0.00%
Vanguard Institutional Target Retirement 2015 Fund 32.80% 0.00%
Vanguard Institutional Target Retirement 2020 Fund 44.69% 0.00%
Vanguard Institutional Target Retirement 2025 Fund 52.52% 0.00%
Vanguard Institutional Target Retirement 2030 Fund 59.11% 0.00%
Vanguard Institutional Target Retirement 2035 Fund 65.24% 0.00%
Vanguard Institutional Target Retirement 2040 Fund 71.07% 0.00%
Vanguard Institutional Target Retirement 2045 Fund 76.58% 0.00%
Vanguard Institutional Target Retirement 2050 Fund 76.66% 0.00%
Vanguard Institutional Target Retirement 2055 Fund 76.35% 0.00%
Vanguard Institutional Target Retirement 2060 Fund 76.22% 0.00%
Vanguard Institutional Target Retirement 2065 Fund 75.81% 0.00%
Vanguard Institutional Target Retirement Income Fund 28.33% 0.00%
Vanguard International Core Stock Fund Admiral Shares 76.50% 0.00%
Vanguard International Core Stock Fund Investor Shares 76.50% 0.00%
Vanguard International Dividend Appreciation Index Fund Admiral Shares 73.18% 0.00%
Vanguard International Dividend Appreciation Index Fund ETF Shares 73.18% 0.00%
Vanguard International Explorer Fund Investor Shares 100.00% 0.00%
Vanguard International Growth Fund Admiral Shares 100.00% 36.72%
Vanguard International Growth Fund Investor Shares 100.00% 36.72%
Vanguard International High Dividend Yield Index Fund Admiral Shares 73.74% 0.00%
Vanguard International High Dividend Yield Index Fund ETF Shares 73.74% 0.00%
Vanguard International Value Fund Investor Shares 84.52% 0.00%
Vanguard Large-Cap Index Fund Admiral Shares 97.88% 0.00%
Vanguard Large-Cap Index Fund ETF Shares 97.88% 0.00%
Vanguard Large-Cap Index Fund Institutional Shares 97.88% 0.00%
Vanguard Large-Cap Index Fund Investor Shares 97.88% 0.00%
Vanguard LifeStrategy® Conservative Growth Fund Investor Shares 34.95% 0.00%
Vanguard LifeStrategy Income Fund Investor Shares 18.05% 0.00%
Vanguard LifeStrategy Moderate Growth Fund Investor Shares 51.83% 0.00%
Vanguard LifeStrategy Growth Fund Investor Shares 68.07% 0.00%
Vanguard Managed Allocation Fund 61.37% 0.00%
Vanguard Market Neutral Fund Institutional Shares 100.00% 0.00%
Vanguard Market Neutral Fund Investor Shares 100.00% 0.00%
Vanguard Materials Index Fund Admiral Shares 100.00% 0.00%
Vanguard Materials Index Fund ETF Shares 100.00% 0.00%
Vanguard Mega Cap Growth Index Fund ETF Shares 100.00% 0.00%
Vanguard Mega Cap Growth Index Fund Institutional Shares 100.00% 0.00%
Vanguard Mega Cap Index Fund ETF Shares 100.00% 0.00%
Vanguard Mega Cap Index Fund Institutional Shares 100.00% 0.00%
Vanguard Mega Cap Value Index Fund ETF Shares 100.00% 0.00%
Vanguard Mega Cap Value Index Fund Institutional Shares 100.00% 0.00%
Vanguard Mid-Cap Growth Fund Investor Shares 100.00% 0.00%
Vanguard Mid-Cap Growth Index Fund Admiral Shares 70.50% 0.00%
Vanguard Mid-Cap Growth Index Fund ETF Shares 70.50% 0.00%
Vanguard Mid-Cap Growth Index Fund Investor Shares 70.50% 0.00%
Vanguard Mid-Cap Index Fund Admiral Shares 80.56% 0.00%
Vanguard Mid-Cap Index Fund ETF Shares 80.56% 0.00%
Vanguard Mid-Cap Index Fund Institutional Plus Shares 80.56% 0.00%
Vanguard Mid-Cap Index Fund Institutional Shares 80.56% 0.00%
Vanguard Mid-Cap Index Fund Investor Shares 80.56% 0.00%
Vanguard Mid-Cap Value Index Fund Admiral Shares 91.34% 0.00%
Vanguard Mid-Cap Value Index Fund ETF Shares 91.34% 0.00%
Vanguard Mid-Cap Value Index Fund Investor Shares 91.34% 0.00%
Vanguard Pacific Stock Index Fund Admiral Shares 80.08% 0.00%
Vanguard Pacific Stock Index Fund ETF Shares 80.08% 0.00%
Vanguard Pacific Stock Index Fund Institutional Shares 80.08% 0.00%
Vanguard Pacific Stock Index Fund Investor Shares 80.08% 0.00%
Vanguard PRIMECAP Core Fund Investor Shares 100.00% 100.00%
Vanguard PRIMECAP Fund Admiral Shares 100.00% 100.00%
Vanguard PRIMECAP Fund Investor Shares 100.00% 100.00%
Vanguard Russell 1000 Growth Index Fund ETF Shares 100.00% 0.00%
Vanguard Russell 1000 Growth Index Fund Institutional Shares 100.00% 0.00%
Vanguard Russell 1000 Index Fund ETF Shares 97.64% 0.00%
Vanguard Russell 1000 Index Fund Institutional Shares 97.64% 0.00%
Vanguard Russell 1000 Value Index Fund ETF Shares 93.27% 0.00%
Vanguard Russell 1000 Value Index Fund Institutional Shares 93.27% 0.00%
Vanguard Russell 2000 Growth Index Fund ETF Shares 70.38% 0.00%
Vanguard Russell 2000 Growth Index Fund Institutional Shares 70.38% 0.00%
Vanguard Russell 2000 Index Fund ETF Shares 72.25% 0.00%
Vanguard Russell 2000 Index Fund Institutional Shares 72.25% 0.00%
Vanguard Russell 2000 Value Index Fund ETF Shares 75.96% 0.00%
Vanguard Russell 2000 Value Index Fund Institutional Shares 75.96% 0.00%
Vanguard Russell 3000 Index Fund ETF Shares 97.97% 0.00%
Vanguard Russell 3000 Index Fund Institutional Shares 97.97% 0.00%
Vanguard S&P 500 Fund ETF Shares 100.00% 0.00%
Vanguard S&P 500 Growth Index Fund ETF Shares 100.00% 0.00%
Vanguard S&P 500 Growth Index Fund Institutional Shares 100.00% 0.00%
Vanguard S&P 500 Value Index Fund ETF Shares 95.06% 0.00%
Vanguard S&P 500 Value Index Fund Institutional Shares 95.06% 0.00%
Vanguard S&P Mid-Cap 400 Growth Index Fund ETF Shares 99.72% 0.00%
Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares 99.72% 0.00%
Vanguard S&P Mid-Cap 400 Index Fund ETF Shares 87.54% 0.00%
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares 87.54% 0.00%
Vanguard S&P Mid-Cap 400 Value Index Fund ETF Shares 78.33% 0.00%
Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares 78.33% 0.00%
Vanguard S&P Small-Cap 600 Growth Index Fund ETF Shares 94.13% 0.00%
Vanguard S&P Small-Cap 600 Growth Index Fund Institutional Shares 94.13% 0.00%
Vanguard S&P Small-Cap 600 Index Fund ETF Shares 78.73% 0.00%
Vanguard S&P Small-Cap 600 Index Fund Institutional Shares 78.73% 0.00%
Vanguard S&P Small-Cap 600 Value Index Fund ETF Shares 77.05% 0.00%
Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares 77.05% 0.00%
Vanguard Selected Value Fund Investor Shares 100.00% 0.00%
Vanguard Small-Cap Growth Index Fund Admiral Shares 67.46% 0.00%
Vanguard Small-Cap Growth Index Fund ETF Shares 67.46% 0.00%
Vanguard Small-Cap Growth Index Fund Institutional Shares 67.46% 0.00%
Vanguard Small-Cap Growth Index Fund Investor Shares 67.46% 0.00%
Vanguard Small-Cap Index Fund Admiral Shares 75.48% 0.00%
Vanguard Small-Cap Index Fund ETF Shares 75.48% 0.00%
Vanguard Small-Cap Index Fund Institutional Plus Shares 75.48% 0.00%
Vanguard Small-Cap Index Fund Institutional Shares 75.48% 0.00%
Vanguard Small-Cap Index Fund Investor Shares 75.48% 0.00%
Vanguard Small-Cap Value Index Fund Admiral Shares 84.17% 0.00%
Vanguard Small-Cap Value Index Fund ETF Shares 84.17% 0.00%
Vanguard Small-Cap Value Index Fund Institutional Shares 84.17% 0.00%
Vanguard Small-Cap Value Index Fund Investor Shares 84.17% 0.00%
Vanguard STAR® Fund Investor Shares 39.87% 17.02%
Vanguard Strategic Equity Fund Investor Shares 89.88% 0.00%
Vanguard Strategic Small-Cap Equity Fund Investor Shares 87.41% 0.00%
Vanguard Target Retirement 2015 Fund 32.50% 0.00%
Vanguard Target Retirement 2020 Fund 43.98% 0.00%
Vanguard Target Retirement 2025 Fund 51.57% 0.00%
Vanguard Target Retirement 2030 Fund 58.06% 0.00%
Vanguard Target Retirement 2035 Fund 64.18% 0.00%
Vanguard Target Retirement 2040 Fund 70.26% 0.00%
Vanguard Target Retirement 2045 Fund 76.28% 0.00%
Vanguard Target Retirement 2050 Fund 76.31% 0.00%
Vanguard Target Retirement 2055 Fund 76.01% 0.00%
Vanguard Target Retirement 2060 Fund 75.84% 0.00%
Vanguard Target Retirement 2065 Fund 75.43% 0.00%
Vanguard Target Retirement Income Fund 28.03% 0.00%
Vanguard Tax-Managed Balanced Fund Admiral Shares 96.80% 0.00%
Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares 100.00% 0.00%
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares 100.00% 0.00%
Vanguard Tax-Managed Small-Cap Fund Admiral Shares 86.31% 0.00%
Vanguard Tax-Managed Small-Cap Fund Institutional Shares 86.31% 0.00%
Vanguard Total International Stock Index Fund Admiral Shares 72.09% 0.00%
Vanguard Total International Stock Index Fund ETF Shares 72.09% 0.00%
Vanguard Total International Stock Index Fund Institutional Plus Shares 72.09% 0.00%
Vanguard Total International Stock Index Fund Institutional Select Shares 72.09% 0.00%
Vanguard Total International Stock Index Fund Institutional Shares 72.09% 0.00%
Vanguard Total International Stock Index Fund Investor Shares 72.09% 0.00%
Vanguard Total Stock Market Index Fund Admiral Shares 96.01% 0.00%
Vanguard Total Stock Market Index Fund ETF Shares 96.01% 0.00%
Vanguard Total Stock Market Index Fund Institutional Plus Shares 96.01% 0.00%
Vanguard Total Stock Market Index Fund Institutional Select Shares 96.01% 0.00%
Vanguard Total Stock Market Index Fund Institutional Shares 96.01% 0.00%
Vanguard Total Stock Market Index Fund Investor Shares 96.01% 0.00%
Vanguard Total World Stock Index Fund Admiral Shares 87.93% 0.00%
Vanguard Total World Stock Index Fund ETF Shares 87.93% 0.00%
Vanguard Total World Stock Index Fund Institutional Shares 87.93% 0.00%
Vanguard U.S Multifactor Fund Admiral Shares 100.00% 0.00%
Vanguard U.S. Growth Fund Admiral Shares 100.00% 100.00%
Vanguard U.S. Growth Fund Investor Shares 100.00% 100.00%
Vanguard U.S. Liquidity Factor ETF 94.39% 0.00%
Vanguard U.S. Minimum Volatility ETF 85.56% 0.00%
Vanguard U.S. Momentum Factor ETF 100.00% 0.00%
Vanguard U.S. Multifactor ETF 100.00% 0.00%
Vanguard U.S. Quality Factor ETF 100.00% 0.00%
Vanguard U.S. Value Factor ETF 100.00% 0.00%
Vanguard U.S. Value Fund Investor Shares 100.00% 0.00%
Vanguard Utilities Index Fund Admiral Shares 100.00% 0.00%
Vanguard Utilities Index Fund ETF Shares 100.00% 0.00%
Vanguard Value Index Fund Admiral Shares 100.00% 0.00%
Vanguard Value Index Fund ETF Shares 100.00% 0.00%
Vanguard Value Index Fund Institutional Shares 100.00% 0.00%
Vanguard Value Index Fund Investor Shares 100.00% 0.00%
Vanguard Wellesley Income Fund Admiral Shares 42.22% 0.00%
Vanguard Wellesley Income Fund Investor Shares 42.22% 0.00%
Vanguard Wellington Fund Admiral Shares 64.19% 0.00%
Vanguard Wellington Fund Investor Shares 64.19% 0.00%
Vanguard Windsor™ Fund Admiral Shares 100.00% 1.57%
Vanguard Windsor Fund Investor Shares 100.00% 1.57%
Vanguard Windsor II Fund Admiral Shares 100.00% 95.18%
Vanguard Windsor II Fund Investor Shares 100.00% 95.18%

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