VCMDX – Vanguard Commodity Strategy Admiral Investment Strategy

Strategy

The investment seeks to provide broad commodities exposure and capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in investments consistent with the fund’s commodity strategy.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VCMDX	Vanguard Commodity Strategy Fund Admiral Shares	Institutional	Open		—	Jun 25, 2019	$2.78B	0.160%	Low	$50,000	$114.62M

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Vanguard Commodity Strategy Fund Admiral Shares VCMDX Strategy

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