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Vanguard Global ESG Select Stock Fund subscription period

TheShadowTheShadow
in Fund Discussions
https://www.sec.gov/Archives/edgar/data/734383/000093247119007103/ps2247.htm

497 1 ps2247.htm GLOBAL ESG SELECT STOCK FUND SUPPLEMENT

Vanguard Global ESG Select Stock Fund

Supplement Dated May 21, 2019, to the Prospectus and
Summary Prospectus Dated May 21, 2019

Subscription Period

Vanguard Global ESG Select Stock Fund will hold a subscription period from
May 21, 2019, through June 4, 2019. During this period, the Fund will invest in
money market instruments or hold its assets in cash rather than seek to achieve
its investment objective. This strategy should allow the Fund to accumulate
sufficient assets to construct a complete portfolio within a single day and is
expected to reduce initial trading costs.

The Fund reserves the right to terminate or extend its subscription period prior
to June 4, 2019.

During the subscription period, you may invest in the Fund online (if you are
registered for online access) or you may contact Vanguard by telephone or by
mail to complete a transaction. Please see the Investing With Vanguard
section of the prospectus for more details about requesting transactions.


© 2019 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.

PS 2247 052019

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