Report of Independent Registered Public
Accounting Firm

To the Board of Trustees of Vanguard Fixed
Income Securities Funds and Shareholders
of
Vanguard GNMA Fund
Vanguard Intermediate-Term Treasury Fund
Vanguard Long-Term Treasury Fund
Vanguard Real Estate II Index Fund
Vanguard Short-Term Federal Fund and
Vanguard Short-Term Treasury Fund

In planning and performing our audits of the
financial statements of Vanguard GNMA
Fund, Vanguard Intermediate-Term Treasury
Fund, Vanguard Long-Term Treasury Fund,
Vanguard Real Estate II Index Fund,
Vanguard Short-Term Federal Fund and
Vanguard Short-Term Treasury Fund (six of
the funds constituting Vanguard Fixed
Income Securities Funds, hereafter
collectively referred to as the "Funds") as of
and for the year ended January 31, 2024, in
accordance with the standards of the Public
Company Accounting Oversight Board
(United States) (PCAOB), we considered the
Funds' internal control over financial
reporting, including controls over
safeguarding securities, as a basis for
designing our auditing procedures for the
purpose of expressing our opinion on the
financial statements and to comply with the
requirements of Form N-CEN, but not for the
purpose of expressing an opinion on the
effectiveness of the Funds' internal control
over financial reporting. Accordingly, we do
not express an opinion on the effectiveness
of the Funds' internal control over financial
reporting.

The management of the Funds is responsible
for establishing and maintaining effective
internal control over financial reporting. In
fulfilling this responsibility, estimates and
judgments by management are required to
assess the expected benefits and related
costs of controls. A company's internal
control over financial reporting is a process
designed to provide reasonable assurance
regarding the reliability of financial reporting
and the preparation of financial statements
for external purposes in accordance with
generally accepted accounting principles. A
company's internal control over financial
reporting includes those policies and
procedures that (1) pertain to the
maintenance of records that, in reasonable
detail, accurately and fairly reflect the
transactions and dispositions of the assets of
the company; (2) provide reasonable
assurance that transactions are recorded as
necessary to permit preparation of financial
statements in accordance with generally
accepted accounting principles, and that
receipts and expenditures of the company
are being made only in accordance with
authorizations of management and directors
of the company; and (3) provide reasonable
assurance regarding prevention or timely
detection of unauthorized acquisition, use or
disposition of a company's assets that could
have a material effect on the financial
statements.

Because of its inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements. Also,
projections of any evaluation of effectiveness
to future periods are subject to the risk that
controls may become inadequate because of
changes in conditions, or that the degree of
compliance with the policies or procedures
may deteriorate.

A deficiency in internal control over financial
reporting exists when the design or operation
of a control does not allow management or
employees, in the normal course of
performing their assigned functions, to
prevent or detect misstatements on a timely
basis. A material weakness is a deficiency, or
a combination of deficiencies, in internal
control over financial reporting, such that
there is a reasonable possibility that a
material misstatement of the company's
annual or interim financial statements will not
be prevented or detected on a timely basis.

Our consideration of the Funds' internal
control over financial reporting was for the
limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal control
over financial reporting that might be material
weaknesses under standards established by
the PCAOB. However, we noted no
deficiencies in the Funds' internal control
over financial reporting and its operation,
including controls over safeguarding
securities, that we consider to be a material
weakness as defined above as of January
31, 2024.

This report is intended solely for the
information and use of the Board of Trustees
of Vanguard Fixed Income Securities Funds
and the Securities and Exchange
Commission and is not intended to be and
should not be used by anyone other than
these specified parties.



/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
March 20, 2024