Vanguard Wellesley Income Fund Summary Prospectus

Vanguard Wellesley Income Fund Investor Shares Return Before Taxes 16.39% 6.46% 7.98% Return After Taxes on Distributions 14.87 4.85 6.46 Return After Taxes on Distributions and Sale of Fund Shares 10.02 4.52 5.92 Vanguard Wellesley Income Fund Admiral Shares Return Before Taxes 16.47% 6.54% 8.05% Comparative Indexes ................
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