Vanguard 500 Index Fund (Adm)

Large
Market Cap
The Fund seeks to track the performance of the Standard & Poor's 500 Index that measures the investment
return of large-cap stocks. The Fund employs an investment approach designed to track the performance of the

Mid
index, a benchmark of U.S. stock market performance dominated by the stocks of large U.S. companies. The
advisor attempts to replicate the target index by investing in the stocks that make up the index.

Small
Value Blend Growth

Characteristics Largest Holdings (as of 04/30/2023) Asset Allocation

Asset Class ..................................... STOCK Apple ................................................................... 7.22% Domestic Stock ............................ 98.59%
Category .................................. Large Blend Microsoft ............................................................. 6.55% Foreign Stock ................................ 1.07%
Ticker ................................................ VFIAX Amazon.com ....................................................... 2.69% Cash .............................................. 0.34%
Fund Inception .......................... 08/31/1976 NVIDIA ................................................................ 1.95%
Share Class Inception ............... 11/13/2000 Alphabet .............................................................. 1.83%
Manager ................................ Donald Butler Berkshire Hathaway ............................................ 1.69%
Manager Tenure (yrs.) ......................... 6.93 Alphabet Inc Class .............................................. 1.61%
Turnover (%) ..................................... 2.00% Meta Platforms .................................................... 1.53%
Total Net Assets ($mil.) .......... $803,522.54 Exxon Mobil ......................................................... 1.39%
Avg. Market Cap ($mil.) .......... $188,911.73 UnitedHealth Group ............................................ 1.32%
No. of Securities ................................... 509 Fund investments change daily and may differ.

Fee Summary The Fee Summary shows fee and expense information for the fund.
Total Annual Operating Expenses ("gross expense ratio") are ex-
Total Annual Operating Expenses (04/29/2022) ............................ 0.04% penses that reduce the rate of return for the fund. Total Annual
Total Annual Operating Expenses (per $1,000) .............................. $0.40 Operating Expenses do not reflect any fee waivers or reimbursements
Net Expense Ratio ......................................................................... 0.04% that may be in effect at the time the expenses are calculated. The net
expense ratio reflects the expenses being charged by the fund at the
Shareholder-type Fees time the expenses are calculated after taking into account any
applicable waivers or reimbursements, without which performance
Redemption Fee ............................................................................... N/A would have been less. The Fee Summary also shows Shareholder-
Purchase Fee .................................................................................... N/A type Fees. These fees are in addition to Total Annual Operating
Maximum Sales Charge .................................................................... N/A Expenses.
Maximum Deferred Sales Charge ...................................................... N/A
The cumulative effect of fees and expenses can substantially reduce
the growth of your retirement savings. Visit the Employee Benefits
Performance at NAV (as of 03/31/2023) Security Administration's web site for an example showing the long-
Total Return Annualized Total Return term effect of fees and expenses. Fees and expenses are only one of
many factors to consider when you decide to invest in an option. You
3-Month 1-Year 3-Year 5-Year 10-Year
may also want to think about whether an investment in a particular
Fund 7.49% -7.77% 18.56% 11.15% 12.20% option, along with your other investments, will help you achieve your
Benchmark* 7.50% -7.73% 18.58% 11.19% 12.24% financial goals.

Calendar Yr. Returns 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Fund 32.33% 13.64% 1.36% 11.93% 21.79% -4.43% 31.46% 18.37% 28.66% -18.15%
Benchmark* 32.39% 13.69% 1.38% 11.96% 21.83% -4.38% 31.49% 18.40% 28.71% -18.11%

* The S&P 500 Index includes 500 leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. equities. You
cannot invest in an index.
Investors may obtain performance current to the most recent month end at www.vanguard.com.
Performance quoted represents past performance and cannot guarantee future results. Current performance may be lower or higher
than the performance shown. Investment return and principal value will fluctuate. An investor's shares, when redeemed, may be worth
more or less than their original purchase price. Performance includes the reinvestment of dividends and capital gains. Investments in
money market funds are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by
investing in a money market fund. The 7-day yield more closely reflects the Fund's current earning than the quotation of total return.
The current prospectus for the fund contains information about the fund's investment objectives, risks, fees, and expenses. Investors should
consider this information carefully before investing. A prospectus may be obtained free of charge at www.vanguard.com.
This information was prepared by SS&C Retirement Solutions and is intended for distribution to retirement plans, HSAs, and HRAs. Copyright
2023 Morningstar, Inc. and SS&C Retirement Solutions. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar
and/or its content providers or to SS&C Retirement Solutions; (2) may not be copied or distributed; and (3) is not warranted to be accurate,
complete or timely. Neither SS&C Retirement Solutions nor Morningstar and its content providers are responsible for any damages or losses
arising from any use of this information. Past performance is no guarantee of future results.

NOT FDIC INSURED - MAY LOSE VALUE - NO BANK GUARANTEE