Vanguard Morningstar U.S. Total Market Index ETF VUN Strategy

The Fund seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad U.S. equity index that measures the investment return of primarily large-capitalization U.S. stocks. Currently, the Fund seeks to track the CRSP US Total Market Index (or any successor thereto). It invests directly or indirectly primarily in stocks of U.S. companies. In order to achieve its investment objective, the Fund employs a “passive management” - or indexing - investment approach designed to track the performance of the CRSP US Total Market Index.