Vanguard Explorer Fund
Supplement to the Statement of Additional Information Dated
February 23, 2018
Effective June 22, 2018, State Street Bank and Trust Company, One Lincoln
Street, Boston, MA 02111, serves as the custodian for Vanguard Explorer Fund
(the “Fund”). The custodian is responsible for maintaining the Fund’s assets,
keeping all necessary accounts and records of the Fund’s assets, and appointing
any foreign sub-custodians or foreign securities depositories.
© 2018 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.	SAI 024A 062018