Buckslip
VANGUARD'S PROXY VOTING DEADLINE APPROACHES
YOU CAN STILL MAKE SURE YOUR VOICE IS HEARD AT VANGUARD'S SHAREHOLDER MEETING ON
JULY 2, 2009.
No matter how many shares you own, your vote is important. You can also help
avoid the considerable expense of a second proxy solicitation.
If you have not already cast your ballot, you can vote electronically by logging
on to www.proxy-direct.com/vanguard and following the on-screen directions. Or,
if you prefer, you can vote by phone (toll-free at 866-241-6192), by mail, or by
attending the shareholder meeting in Scottsdale, Arizona.
[ ]
VOTE
(C) 2009 The Vanguard Group, Inc. All rights reserved. PBKS 052009
E-mail REMINDER to hard copy proxy recipients - additional notice
[SHIP] VANGUARD(R)
Remember to vote on your fund's proxy VOYAGER SELECT SERVICES(R)
Dear Vanguard Shareholder,
Vanguard previously sent a proxy statement to you. As it explained, you can vote
on the proposals in the proxy statement because you owned shares in one or more
Vanguard(R) funds on the "record date" of April 6, 2009.
If you have already voted, thank you! It is possible that your vote was on its
way to us when this e-mail was prepared, but that we had not yet received it.
We're encouraging all Vanguard fund shareholders to exercise their rights
concerning the governance of Vanguard funds by reviewing the proxy statement and
then voting as quickly as possible. No matter how many shares are owned, every
shareholder's vote is important. If the funds do not receive enough votes to
reach a quorum and conduct the shareholder meeting, they will have to send
additional communications to shareholders to solicit more votes--a process that
would be very costly for the funds and thus for fund shareholders.
As explained in your proxy statement, you can vote in any of four ways:
(1) Through the INTERNET at www.proxy-direct.com/vanguard.
(2) By TELEPHONE, with a toll-free call to 1-866-241-6192.
(3) By MAIL, using the card enclosed with your proxy statement.
(4) IN PERSON at the Shareholder Meeting in Scottsdale, Arizona, on July 2,
2009.
We encourage you to vote via the Internet or telephone, using the 14-digit
control number and 8-digit security code on your proxy card, because these
methods save the funds the most money (since they require no return postage). If
you own a joint account at Vanguard, please consult with your joint owner(s)
regarding the vote on the proposals.
We look forward to receiving your votes.
Sincerely,
F. William McNabb III
President and Chief Executive Officer
For more information about Vanguard funds, visit www.vanguard.com, or call
800-662-2739, to obtain a prospectus. Investment objectives, risks, charges,
expenses, and other important information about a fund are contained in the
prospectus; read and consider it carefully before investing.
(C) 2009 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.
OUTBOUND PROXY SCRIPT
Good morning/afternoon/evening. This is _______________ calling from Vanguard on
a recorded line. May I please speak with Mr. /Mrs. client's first and last name?
Do you have a moment to speak to me about a very important proxy that Vanguard
is conducting? You should have received multiple communications from us in
reference a proxy ballot to vote on proposals that the funds trustees are asking
shareholders to approve. At this point our records indicate that you have not
exercised your right to vote.
A core part of the proposal is to elect trustees for all Vanguard funds and to
standardize your funds investment policies to allow Vanguard to serve your needs
most effectively in today's market environment.
It is very important that Vanguard receive your vote. If many shareholders
choose not to vote and your funds do not achieve a quorum to conduct the
shareholder meeting on July 2, then they will incur the considerable expense of
a second proxy solicitation.
You can make sure your voice is heard by voting today. I can conference you in
with a Computershare representative to take your vote - it will only take a
minute.
For security reasons, I need to verify the last four digits of you SSN and the
address on the account.
Thank you for this information Mr./Mrs. Client last name, Please hold while I
transfer you. Thank you for choosing Vanguard
Third proposal - if applicable
Proposal three is a shareholder proposal to institute a procedure to prevent
holding investments in companies, that in the judgment of the board,
substantially contribute to genocide or crimes against humanity. The trustees
recommend that you vote against this proposal given the fact that the proposal
only covers 30 funds and Vanguard's currently has a procedure across all 157 of
our funds. Adoption of this proposal would simply duplicate current procedures
INBOUND PROXY SCRIPTING:
Is there anything else I can assist you with?
I would like to speak with you about a very important proxy that Vanguard is
conducting. You should have received a proxy ballot to vote on several proposals
that the funds trustees are asking shareholders to approve. A core part of the
proposal is to elect trustees for all Vanguard funds and to standardize your
funds investment policies to allow Vanguard to serve your needs most effectively
in today's market environment The trustees are recommending that shareholders
vote for these proposals.
Third proposal - if applicable
Proposal three is a shareholder proposal to institute a procedure to prevent
holding investments in companies, that in the judgment of the board,
substantially contribute to genocide or crimes against humanity. The trustees
recommend that you vote against this proposal given the fact that the proposal
only covers 30 funds and Vanguard's currently has a procedure across all 157 of
our funds. Adoption of this proposal would simply duplicate current procedures
It is very important that Vanguard receive your vote. If many shareholders
choose not to vote and your funds do not achieve a quorum to conduct the
shareholder meeting on July 2, then they will incur the considerable expense of
a second proxy solicitation.
You can make sure your voice is heard by voting today. I can conference you in
with a Computershare representative to take your vote - it will only take a
minute.
Please hold while I transfer you. Thank you for choosing Vanguard