Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares

Seeks to track the performance of the CRSP US Total Market Index.Invests in large, mid-, and small-cap stocks diversified across growth and value styles.Passively managed, using index sampling.With respect to 75% of its total assets, the fund may not: (1) purchase more than 10% of the outstanding voting securities of any one issuer or (2) purchase securities of any issuer if, as a result, more than 5% of the fund’s total assets would be invested in that issuer’s securities; except as may be necessary to approximate the composition of its target index. This limitation does not apply to obligations of the U.S. government or its agencies or instrumentalities.