VanguardInflation-ProtectedSecuritiesFund.pdfVIP

Fact Sheet | December 31, 2016 Vanguard Inflation-Protected Securities Fund Bond fund | Institutional Shares Risk level Total net Expense ratio Ticker Inception Fund Low High assets as of 04/26/16 symbol date number 1 2 3 4 5 $8,637 MM 0.07% VIPIX 12/12/03 1190 Investment objective Benchmark Vanguard Inflation-Protected Securities Fund BloomBarc US Trsy Inflat Prtcd Idx seeks to provide investors inflation protection and income consistent with investment in Growth of a $10,000 investment : January 31, 2007December 31, 2016 inflation-indexed securities. Investment strategy $15,144 Fund as of 12/31/16 The fund invests at least 80% of its assets in $15,309 inflation-indexed bonds issued by the U.S. Benchmark government, its agencies and instrumentalities, as of 12/31/16 and corporations. The fund may invest in bonds of 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 any maturity; however, its dollar-weighted average maturity is expected to be in a range of 7 to 20 years. At a minimum, all bonds purchased Annual returns by the fund will be rated investment grade or, if unrated, will be considered by the advisor to be investment grade. 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Fund 11.82 -2.81 11.03 6.33 13.39 6.87 -8.83