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Taxes

Qualified dividend income—2020 year-end figures

Get 2020 qualified dividend income (QDI) year-end figures. 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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