| July 13, 2017 |
| Division of Investment Management |
| U.S. Securities & Exchange Commission |
| 100 F Street, N.E. |
| Washington, DC 20549 |
| Re:Vanguard Admiral Funds; File Nos. 33-49023; 811-7043 |
| Vanguard Bond Index Funds; File Nos. 33-6001; 811-4681 |
| Vanguard CMT Funds; File Nos. 333-111362; 811-21478 |
| Vanguard California Tax-Free Funds; File Nos. 33-1569; 811-4474 |
| Vanguard Charlotte Funds; File Nos. 333-177613; 811-22619 |
| Vanguard Chester Funds; File Nos. 2-92948; 811-4098 |
| Vanguard Convertible Securities Fund; File Nos. 33-4424; 811-4627 |
| Vanguard Explorer Fund; File Nos. 2-27203; 811-1530 |
| Vanguard Fenway Funds; File Nos.33-19446; 811-5445 |
| Vanguard Fixed Income Securities Funds; File Nos. 2-47371; 811-2368 |
| Vanguard Horizon Funds; File Nos.33-56443; 811-07239 |
| Vanguard Index Funds; File Nos. 2-56846; 811-2652 |
| Vanguard Institutional Index Funds; File Nos. 33-34494; 811-6093 |
| Vanguard International Equity Index Funds; File Nos. 33-32548; 811-5972 |
| Vanguard Malvern Funds; File Nos. 33-23444; 811-5628 |
| Vanguard Massachusetts Tax-Exempt Funds; File Nos. 333-63579; 811-09005 |
| Vanguard Money Market Reserves; File Nos. 2-52698; 811-2554 |
| Vanguard Montgomery Funds; File Nos. 333-145624; 811-22114 |
| Vanguard Morgan Growth Fund; File Nos. 2-29601; 811-1685 |
| Vanguard Municipal Bond Funds; File Nos. 2-57689; 811-2687 |
| Vanguard New Jersey Tax-Free Funds; File Nos. 33-17351; 811-5340 |
| Vanguard New York Tax-Free Funds; File Nos. 33-2908; 811-4570 |
| Vanguard Ohio Tax-Free Funds; File Nos. 33-34261; 811-6083 |
| Vanguard Pennsylvania Tax-Free Funds; File Nos. 33-2907; 811-4571 |
| Vanguard Quantitative Funds; File Nos. 33-8553; 811-4526 |
| Vanguard Scottsdale Funds; File Nos.333-11763; 811-7803 |
| Vanguard Specialized Funds; File Nos.2-88116; 811-3916 |
| Vanguard STAR Funds; File Nos. 2-88373; 811-3919 |
| Vanguard Tax-Managed Funds; File Nos. 33-53683; 811-07175 |
| Vanguard Trustees’ Equity Fund; File Nos. 2-65955-99; 811-2968 |
| Vanguard Valley Forge Funds; File Nos. 33-48863; 811-7023 |
| Vanguard Variable Insurance Funds; File Nos. 33-32216; 811-5962 |
| Vanguard Wellesley Income Fund; File Nos. 2-31333; 811-1776 |
| Vanguard Wellington Fund; File Nos. 2-11444; 811-121 |
| Vanguard Whitehall Funds; File Nos. 33-64845; 811-07443 |
| Vanguard Windsor Funds; File Nos. 2-14336; 811-834 |
| Vanguard World Funds; File Nos. 2-17620; 811-1027 |
| (the “Vanguard Funds”) |
Commissioners:
Pursuant to Rule 14a-6(a) under the Securities Exchange Act of 1934, we hereby file preliminary proxy materials for each of the registrants listed above. These materials include a combined proxy statement and proxy cards. We expect to begin mailing proxy materials to shareholders on or about August 16, 2017. Shareholders will be asked to vote on one or more of eight proposals, including the election of fund trustees, approving two manager of managers arrangements, changing the investment objective of two funds and the diversification policy of one fund, adopting Vanguard’s Funds’ Service Agreement for certain funds, as well as a shareholder proposal regarding social investing and a shareholder proposal regarding climate change reporting.
If you have any questions or comments concerning this filing, please contact me at (610) 669-1955 or Judy Gaines at (610) 669-1538.
Sincerely,
Tara R. Buckley
Senior Counsel
The Vanguard Group, Inc.
| Enclosures |
| cc: Lisa Larkin, Esq. |
| U.S. Securities and Exchange Commission |
