Vanguard S&P 500 ETF Summary Prospectus

Vanguard 500 Index Fund ETF Shares BasedonNAV Return BeforeTaxes 18.35% 15.18% 13.85% Return AfterTaxes on Distributions 17.84 14.65 13.35 Return AfterTaxes on Distributions and Sale of Fund Shares 11.12 12.11 11.52 Based on Market Price Return BeforeTaxes 18.40 15.19 13.84 Comparative Indexes (reflect no deduction for fees, expenses, or taxes) ................
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