Vanguard Balanced Index Fund
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Vanguard Market Neutral Fund
Vanguard Mega Cap 300 Index Funds
Vanguard REIT Index Fund
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Vanguard S&P 500 Value and Growth Index Funds
Vanguard S&P Mid-Cap 400 Index Funds
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Vanguard Total World Stock Index Fund
Vanguard U.S. Stock Index Large-Capitalization Funds
Supplement to the Prospectuses for Institutional Shares
Prospectus Text Changes
The text under the heading Account Minimums for Institutional Shares in the Purchasing Shares section is replaced with the following:
To open and maintain an account. $5 million.
Certain Vanguard institutional clients may meet the minimum investment amount by aggregating up to three separate accounts within the same Fund. This aggregation policy does not apply to clients receiving special administrative
(over, please)
services from Vanguard or to omnibus accounts maintained by financial intermediaries.
Vanguard may charge additional recordkeeping fees for institutional clients whose accounts are recordkept by Vanguard. Please contact your Vanguard representative to determine whether additional recordkeeping fees apply to your account.
Add to an existing account. Generally $100 (other than by Automatic Investment Plan, which has no established minimum).
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