Report 
 
      
Registrant:   Vanguard Fixed Income Securities Funds — List all N-SARs

Annual Report for the 2nd-half period ended at fiscal year end:  1/31/09

Were there any Answer File errors in the Filing?  None FoundNone Found by SEC InfoNot Checked by the FilerOne or more Found by SEC Info
Was the Answer File completed by the Registrant?  Yes

Is this an Amendment to a previous Report?  No
Is this a change to a previous Report?      No
 
Registrant 
 
 1.
SEC CIK:      106444
SEC File #:   811-02368

Telephone #:  610-669-1000
 
 2.
Address:      100 Vanguard Boulevard
              Malvern, PA  19355
 
 3.
Is this the first Form N-SAR filed by the Registrant?  No
 
 4.
Is this the final Form N-SAR filed by the Registrant?  No
 
 
Funds/Series 
↑Top of Form N-SAR 
     
                                                                               
 7.
Is the Registrant a Funds/Series (multiple portfolios) company?  Yes

The number of separate Funds/Series (portfolios) at period end:  9

Note:  This Filing relates to ↑10 Funds/Series, but only 9 are reported here.
       The Filer either made an error or could not report the other Series.
       Missing Funds/Series may be mentioned in ‘EX-99’ Miscellaneous Exhibits.
       The SEC Form N-SAR PC Application accepts Fund/Series serial numbers up
       to 99, so Funds/Series with a serial number above 99 are never reported!
       This serial number maximum (99) is specific to Form N-SAR’s Answer File,
       while the “global” Series # for all Filing/Form Types may go to S#99999.
The number of separate Funds/Series (portfolios) reported here:  9...

N-SAR S#      Fund/Series — Filings for F/S#… ⇒ Symbols 
 
↓Information Common to All 
↓
Series 3:     Vanguard GNMA Fund — S#2582 ⇒ VFIJX & VFIIX
↓
Series 2:     Vanguard High Yield Corporate Fund — S#2584 ⇒ VWEAX & VWEHX
↓
Series 9:     Vanguard Intermediate-Term Investment-Grade [ now
              Vanguard Intermediate-Term Investment-Grade Fund ] — S#2586 ⇒ VFIDX & VFICX
↓
Series 8:     Vanguard Intermediate-Term Treasury Fund — S#2587 ⇒ VFIUX & VFITX
↓
Series 1:     Vanguard Long-Term Investment-Grade Fund — S#2588 ⇒ VWETX & VWESX
↓
Series 5:     Vanguard Long-Term Treasury Fund — S#2589 ⇒ VUSUX & VUSTX
↓
Series 6:     Vanguard Short-Term Federal Fund — S#2590 ⇒ VSGDX & VSGBX
↓
Series 4:     Vanguard Short-Term Investment-Grade Fund — S#2591 ⇒ VFSUX & 2 more
↓
Series 7:     Vanguard Short-Term Treasury Fund — S#2583 ⇒ VFIRX & VFISX

              Missing Fund/Series
 
Series:       Vanguard Inflation Protected Securities Fund — S#2585 ⇒ VAIPX & 2 more
 
Family of Investment Companies 
 
19.
Is the Registrant/Series part of a “family” of investment companies?  Yes

Total number of registered management investment companies, Series
and portfolios (excluding any Unit Investment Trusts) in the family:  156

The Identification Code of the family for Form N-SAR Filings:  VANGUARDGR
 
Investment Company Type 
 
27.
Is the Registrant an “open-end” investment company?  Yes, Open-End
 
Additional Disclosures 
 
77.
Did the Registrant file any additional Exhibits with the filing of this
Report (listed here and filed either herewith — as one of the ‘EX-99.*’
↑Exhibits in this Filing — or separately and incorporated by reference)?  Yes

EX-99.77B:  Accountant’s Report re: Internal Controls?  Yes

EX-99.77Q3: Other Info?  Yes
 
Subsidiaries 
 
78.
Does the Registrant have any wholly-owned investment company
subsidiaries whose operating and financial data are consolidated with
that of the Registrant in this Report?  No
 
 All Series
↑List of 9 Funds/Series Reported Here 

Information Common to All Funds/Series
 
 All: 
Administrator 
 
10.1
Name:         The Vanguard Group, Inc.
SEC File #:   801-11953
Location:     Malvern, PA
 
 All: 
Principal Underwriter 
 
11.1
Name:         Vanguard Marketing Corp.
SEC File #:   008-21570
Location:     Malvern, PA
 
 All: 
Shareholder Servicing/Transfer Agent 
 
12.1
Name:         The Vanguard Group, Inc.
SEC File #:   084-00772
Location:     Malvern, PA
 
 All: 
Independent Public Accountant 
 
13.1
Name:         Pricewaterhousecoopers LLP
Location:     Philadelphia, PA
 
 All: 
Affiliated Broker/Dealer 
 
14.1
Name:         Vanguard Marketing Corp.
SEC File #:   008-21570
 
 All: 
Custodian 
 
18.
Does the Registrant’s/Series’ Custodian(s) maintain some or all of the
Registrant’s/Series’ securities in a central depository or book-entry
system pursuant to Rule 17f-4?  Yes
 
 All: 
Brokerage Commissions Paid on Portfolio Transactions 
 
20.
The brokers who received the largest amount of gross brokerage
commissions during the period:
 
20.1
Broker:       Lehman Brothers Inc.
IRS #:        13-2518466
Commissions paid ($000s):  1,029
 
20.2
Broker:       J.P. Morgan Securities Inc.
IRS #:        13-3224016
Commissions paid ($000s):  759
 
20.3
Broker:       First Manhattan Co.
IRS #:        13-1957714
Commissions paid ($000s):  2
 
21.
Total brokerage commissions paid by the Registrant during the period:
  Aggregate paid ($000s):  1,790
 
 All: 
Portfolio Transactions with Entities Acting as Principals 
 
22.
The entities acting as principals with whom the Registrant did the
largest amount of portfolio transactions, based on total value of
principal, during the period:
 
22.1
Entity:       BNP Paribas Securities Corp.
IRS #:        13-3235334
Registrant’s purchases ($000s):  59,523,373
Registrant’s sales ($000s):  3,158,886
 
22.2
Entity:       Deutsche Bank Securities Inc.
IRS #:        13-2730828
Registrant’s purchases ($000s):  49,179,615
Registrant’s sales ($000s):  7,902,754
 
22.3
Entity:       UBS Financial Services Inc.
IRS #:        13-2638166
Registrant’s purchases ($000s):  41,405,661
Registrant’s sales ($000s):  4,886,195
 
22.4
Entity:       Barclays Capital Inc.
IRS #:        13-3410233
Registrant’s purchases ($000s):  31,825,765
Registrant’s sales ($000s):  6,739,716
 
22.5
Entity:       J.P. Morgan Securities Inc.
IRS #:        13-3224016
Registrant’s purchases ($000s):  22,411,276
Registrant’s sales ($000s):  6,649,674
 
22.6
Entity:       Credit Suisse Securities (USA) LLC
IRS #:        13-5659485
Registrant’s purchases ($000s):  20,940,276
Registrant’s sales ($000s):  967,706
 
22.7
Entity:       Banc of America Securities LLC
IRS #:        56-2058405
Registrant’s purchases ($000s):  16,620,064
Registrant’s sales ($000s):  3,536,147
 
22.8
Entity:       Citigroup Global Markets Inc.
IRS #:        13-2919773
Registrant’s purchases ($000s):  15,887,933
Registrant’s sales ($000s):  1,931,797
 
22.9
Entity:       Lehman Brothers Inc.
IRS #:        13-2518466
Registrant’s purchases ($000s):  14,449,498
Registrant’s sales ($000s):  3,014,624
 
22.10
Entity:       Vanguard Market Liquidity Fund
IRS #:        20-0961056
Registrant’s purchases ($000s):  8,951,805
Registrant’s sales ($000s):  8,385,832
 
23.
Total purchase/sale transactions by the Registrant during the period:
   Aggregate purchases ($000s):  319,853,631
   Aggregate sales ($000s):  67,867,487
 
 All: 
Considerations which Affected the Participation of Brokers or Dealers 
 
26.
Considerations which affected the participation of brokers or dealers or
other entities in commissions or other compensation paid on portfolio
transactions of the Registrant:

Consideration?
Sales of the Registrant’s/Series’ shares ...............................  No
Receipt of investment research and statistical info ....................  Yes
Receipt of quotations for portfolio valuations .........................  No
Ability to execute portfolio transactions to obtain the best price
  and execution ........................................................  Yes
Receipt of telephone line and wire services ............................  No
Broker or Dealer which is an affiliated person .........................  No
An arrangement to return or credit part or all of commissions or
  profits thereon...
    To an Investment Adviser or Principal Underwriter, or to an
      affiliated person of either ......................................  No
    To the Registrant ..................................................  No
Other ..................................................................  No
 
 All: 
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) 
 
29.
Was a front-end sales load deducted from any share sales during the
period?  No
 
34.
Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period?  No
 
 All: 
Payment Plan for the Distribution of Fund Shares 
 
42.
For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

Percentage of Total Amount Paid  (%)
Advertising ............................................................
 –
Printing & mailing of prospectuses to other than current shareholders ..
 –
Payments to underwriters ...............................................
 –
Payments to brokers or dealers .........................................
 –
Direct payments to sales personnel .....................................
 –
Payments to banks and savings & loans ..................................
 –
Other uses, including payments to its Investment Adviser separate
  from the advisory fee ................................................
 –
Unallocated payments made for a combination of such services ...........
 –
 
43.
Total amount paid directly by the Registrant/Series pursuant to its
12b-1 plan ($000s):  0
 
44.
If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s):  0
 
 All: 
Classification and Asset Allocation 
 
58.
Is the Registrant/Series a Separate Account of an insurance company?  No
 
59.
Is the Registrant/Series a management investment company?  Yes
 
60.
Was the Registrant/Series a diversified investment company at any time
during the period?  Yes

Was the Registrant/Series a diversified investment company at the end of
the period?  Yes
 
61.
The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity:  $3,000
 
66.
Is the Registrant/Series a Fund that usually invests in equity
securities, options & futures on equity securities, indices of equity
securities or securities convertible into equity securities?  No
 
67.
Is the Registrant/Series a “balanced” Fund?  No
 
68.
Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
    Engaged primarily in production or distribution of precious metals?  No
    Located primarily in countries other than the United States?  No
 
69.
Is the Registrant/Series an index Fund?  No
 
 All: 
Fidelity Bond in Effect at Fiscal Year End 
 
80.
Insurer:      ICI Mutual Insurance Co.
2nd Insurer:  N/A

Aggregate face amount of coverage for the Registrant/Series on all bonds
on which it is named as an insured ($000s):  400,000
 
81.
Is the bond part of a joint fidelity bond(s) shared with other
investment companies or other entities?  Yes

How many other investment companies or other entities are covered by the
bond (counting each Fund/Series as a separate investment company):  198
 
82.
Does the mandatory coverage of the fidelity bond have a deductible?  No
 
83.
Were any claims with respect to this Registrant/Series filed under the
bond during the period?  No
 
84.
Were any losses incurred with respect to this Registrant/Series that
could have been filed as a claim under the fidelity bond but were not?  No
 
85.
Are the Registrant’s/Series’ Officers and Directors covered as Officers
and Directors of the Registrant/Series under any errors and omissions
insurance policy owned by the Registrant/Series or anyone else?  Yes

Were any claims filed under such policy during the period with respect
to the Registrant/Series?  No
 
 Series 1
↑Information Common to All Funds/Series  ↑List of 9 Funds/Series 
 
 7.
Name:         Vanguard Long-Term Investment-Grade Fund — S#2588 ⇒ VWETX & VWESX

Is this the final Form N-SAR filed for this Fund/Series?  No
 
 S 1: 
Investment Adviser 
 
 8.1
Name:         Wellington Management Co., LLP
Role:         Adviser
SEC File #:   801-15908
Location:     Boston, MA
 
 S 1: 
Custodian 
 
15.1
Name:         JP Morgan Chase Bank
Role:         Custodian
Location:     New York, NY

Type of custody:  Section 17(f)(1) — Bank
 
 S 1: 
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers 
 
24.
At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities?  Yes

25.

The brokers or dealers, or their parents (issuers):
 
25.1
Name:         Banc of America Securities LLC
IRS #:        56-2058405
Type of security owned:  Debt
Value of securities owned at period end ($000s):  76,541
 
25.2
Name:         Credit Suisse Securities (USA) LLC
IRS #:        13-5659485
Type of security owned:  Debt
Value of securities owned at period end ($000s):  27,939
 
25.3
Name:         Citigroup Global Markets Inc.
IRS #:        13-2919773
Type of security owned:  Debt
Value of securities owned at period end ($000s):  132,940
 
25.4
Name:         UBS Securities LLC
IRS #:        13-3873456
Type of security owned:  Debt
Value of securities owned at period end ($000s):  80,141
 
25.5
Name:         J.P. Morgan Securities Inc.
IRS #:        13-3224016
Type of security owned:  Debt
Value of securities owned at period end ($000s):  70,124
 
 S 1: 
Sales and Repurchases 
 
28.
Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
 
1st Month of period:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 51,316
      Reinvestment of dividends and distributions ................
 24,838
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 60,018
2nd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 92,427
      Reinvestment of dividends and distributions ................
 23,788
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 183,435
3rd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 134,807
      Reinvestment of dividends and distributions ................
 23,689
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 285,603
4th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 265,790
      Reinvestment of dividends and distributions ................
 22,988
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 230,893
5th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 457,406
      Reinvestment of dividends and distributions ................
 24,513
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 179,896
6th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 430,802
      Reinvestment of dividends and distributions ................
 26,253
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 116,924

Total of all months:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,432,548
      Reinvestment of dividends and distributions ................
 146,069
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 1,056,769

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s):  0
 
 S 1: 
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) 
 
37.
Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period?  No
 
39.
Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period?  Yes
 
 S 1: 
Payment Plan for the Distribution of Fund Shares 
 
40.
During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1?  No
 
 S 1: 
Advisory Fee 
 
45.
Did the Registrant/Series have an advisory contract during the period?  Yes
 
46.
Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period?  No
 
47.
Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets?  Yes
 
48.
Fee (single rate or step rates) applied to the Registrant’s/Series’
assets based on the advisory contract:
    Single-fee rate:  0.0%
    Step-fee rates:
      For 1st $000s:  1,000,000
        Annual rate:  0.04%
      Of next $000s:  1,000,000
        Annual rate:  0.03%
      Of next $000s:  1,000,000
        Annual rate:  0.02%
      & Above $000s:  3,000,000
        Annual rate:  0.015%
 
49.
Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income?  No
 
50.
Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets?  No
 
51.
Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance?  No
 
52.
Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants?  No
 
53.
Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws?  No
 
54.
Indicated below are whether services were supplied or paid for wholly or
in substantial part by Investment Adviser(s) or Administrator(s) in
connection with the advisory or administrative contract(s) but for which
the Adviser(s) or Administrator(s) are not reimbursed by the Registrant:

Provided to the Registrant?
Occupancy and office rental ............................................  No
Clerical and bookkeeping services ......................................  No
Accounting services ....................................................  No
Services of independent auditors .......................................  No
Services of outside counsel ............................................  No
Registration and filing fees ...........................................  No
Stationery, supplies and printing ......................................  No
Salaries & compensation of Registrant’s interested Directors ...........  No
Salaries & compensation of Registrant’s disinterested Directors ........  No
Salaries & compensation of Registrant’s Officers who aren’t Directors ..  No
Reports to current shareholders ........................................  No
Determination of offering and redemption prices ........................  No
Trading department .....................................................  No
Prospectus preparation and printing for current shareholders ...........  No
Other ..................................................................  No
 
 S 1: 
Miscellaneous Info 
 
55.
Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
    Overdrafts?  No
    Bank loans?  No
 
56.
During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies?  Yes
 
57.
Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend?  No
 
 S 1: 
Classification and Asset Allocation 
 
62.
Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities?  Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ...............................      0.0%
U.S. Government Agency ......................      0.0
Repurchase agreements .......................      1.4
State and Municipal – tax-free ..............      0.0
Bank certificates of deposit – domestic .....      0.0
Bank certificates of deposit – foreign ......      0.0
Bankers acceptances .........................      0.0
Commercial paper – taxable ..................      0.0
Time deposits ...............................      0.0
Options .....................................      0.0
All other ...................................      0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ...............................      3.4%
U.S. Government Agency ......................      2.5
State and Municipal – tax-free ..............      0.0
Corporate ...................................    78.1
All other ...................................    10.6

Non-Debt
Investments other than debt securities ......      0.0%
 
63.
The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
    Days:     0
    Years:    22.7
 
64.
Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer?  No

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end?  No
 
 S 1: 
Investment Practices 
 
70.
Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity                                            Permitted Engaged In
Writing or investing in repurchase agreements?           Yes to both
Writing or investing in options on equities?             No        –
Writing or investing in options on debt securities?      Yes      No
Writing or investing in options on stock indices?        No        –
Writing or investing in interest rate futures?           Yes      No
Writing or investing in stock index futures?             No        –
Writing or investing in options on futures?              Yes      No
Writing or investing in options on stock index futures?  No        –
Writing or investing in other commodity futures?         No        –
Investments in restricted securities?                    Yes to both
Investments in shares of other investment companies?     Yes      No
Investments in securities of foreign issuers?            Yes to both
Currency exchange transactions?                          Yes      No
Loaning portfolio securities?                            Yes      No
Borrowing of money?                                      Yes      No
Purchases/sales by certain exempted affiliated persons?  Yes      No
Margin purchases?                                        No        –
Short selling?                                           No        –
 
 S 1: 
Portfolio Turnover 
 
71.
Portfolio turnover rate for the period:
 
Purchases ($000s):  1,824,216
Sales ($000s):      1,292,990

Monthly average Value of portfolio ($000s):  5,346,713

Percent turnover (lesser of Purchases or Sales, divided by Value):  24%
 
 S 1: 
Financial Info — Income and Expenses 
 
72.
The number of months covered by the values in Items 72 and 73:  12

Income  ($000s)
Net interest income ..............................................
 347,437
Net dividend income ..............................................
 –
Account maintenance fees .........................................
 –
Net other income .................................................
 –

Expenses  ($000s)
Advisory fees ....................................................
 1,272
Administrator fees ...............................................
 3,528
Salaries and other compensation ..................................
 –
Shareholder Servicing Agent fees .................................
 4,830
Custodian fees ...................................................
 13
Postage ..........................................................
 –
Printing expenses ................................................
 99
Directors’ fees ..................................................
 7
Registration fees ................................................
 –
Taxes ............................................................
 –
Interest .........................................................
 –
Bookkeeping fees paid to anyone performing this service ..........
 –
Auditing fees ....................................................
 31
Legal fees .......................................................
 –
Marketing/distribution payments, incl. Rule 12b-1 plan payments ..
 1,301
Amortization of organization expenses ............................
 –
Shareholder meeting expenses .....................................
 –
Other expenses ...................................................
 –
Total expenses ...................................................
 11,081

Expense reimbursements ($000s):   0

Net investment income ($000s):    336,356

Realized capital gains ($000s):   62,492
Realized capital losses ($000s):  113,482

Net unrealized appreciation during the period ($000s):  0
Net unrealized depreciation during the period ($000s):  497,247

Total income dividends for which the record date passed during the
period ($000s):  231,442
Dividends for a second class of shares ($000s):  105,514

Total capital gains distributions for which the record date passed
during the period ($000s):  0
 
73.
Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income:    $0.5150
Dividends for a second class of shares:  $0.5230

Distribution of capital gains:  $0.0000
Other distributions:            $0.0000
 
 S 1: 
Financial Info — Condensed Balance Sheet Data 
 
74.
Assets  ($000s)
Cash .............................................................
 –
Repurchase agreements ............................................
 80,141
Short-term debt securities, other than repurchase agreements .....
 –
Long-term debt securities, including convertible debt ............
 5,567,808
Preferred, conv. preferred and adjustable-rate preferred stock ...
 –
Common stock .....................................................
 –
Options on equities ..............................................
 –
Options on all futures ...........................................
 –
Other investments ................................................
 1,525
Receivables from portfolio instruments sold ......................
 17,674
Receivables from affiliated persons ..............................
 –
Other receivables ................................................
 341,339
All other assets .................................................
 –
Total assets .....................................................
 6,008,487

Liabilities  ($000s)
Payables for portfolio instruments purchased .....................
 97,534
Amounts owed to affiliated persons ...............................
 8,890
Senior long-term debt ............................................
 –
Other liabilities:
  Reverse repurchase agreements ..................................
 –
  Short sales ....................................................
 –
  Written options ................................................
 –
  All other liabilities ..........................................
 18,252

Equity  ($000s)
Senior equity ....................................................
 –
Net assets of common shareholders ................................
 5,883,811

Number of shares outstanding (000s):   423,916
Number of shares outstanding of a second class of shares (000s):  294,670

Net Asset Value (NAV) per share (to nearest cent):  $8.19
NAV per share of a second class of shares (to nearest cent):  $8.19

Total number of shareholder accounts:  100,735

Total value of assets in segregated accounts ($000s):  0
 
75.
Monthly average net assets during the period ($000s):  5,537,821
 
 Series 2
↑Information Common to All Funds/Series  ↑List of 9 Funds/Series 
 
 7.
Name:         Vanguard High Yield Corporate Fund — S#2584 ⇒ VWEAX & VWEHX

Is this the final Form N-SAR filed for this Fund/Series?  No
 
 S 2: 
Investment Adviser 
 
 8.1
Name:         Wellington Management Co., LLP
Role:         Adviser
SEC File #:   801-15908
Location:     Boston, MA
 
 S 2: 
Custodian 
 
15.1
Name:         JP Morgan Chase Bank
Role:         Custodian
Location:     New York, NY

Type of custody:  Section 17(f)(1) — Bank
 
 S 2: 
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers 
 
24.
At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities?  Yes

25.

The brokers or dealers, or their parents (issuers):
 
25.1
Name:         BNP Paribas Securities Corp.
IRS #:        13-3235334
Type of security owned:  Debt
Value of securities owned at period end ($000s):  509,125
 
 S 2: 
Sales and Repurchases 
 
28.
Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
 
1st Month of period:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 179,392
      Reinvestment of dividends and distributions ................
 44,119
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 119,000
2nd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 175,755
      Reinvestment of dividends and distributions ................
 42,389
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 282,783
3rd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 209,499
      Reinvestment of dividends and distributions ................
 42,245
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 491,224
4th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 178,863
      Reinvestment of dividends and distributions ................
 40,094
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 188,382
5th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 372,260
      Reinvestment of dividends and distributions ................
 41,828
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 196,677
6th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 590,071
      Reinvestment of dividends and distributions ................
 42,134
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 110,463

Total of all months:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,705,840
      Reinvestment of dividends and distributions ................
 252,809
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 1,388,529

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s):  0
 
 S 2: 
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) 
 
37.
Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period?  Yes
 
38.
Total amount of redemption fees other than deferred or contingent
deferred sales loads collected from redemptions and repurchases of the
Registrant’s/Series’ shares during the period ($000s):  3,592
 
39.
Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period?  Yes
 
 S 2: 
Payment Plan for the Distribution of Fund Shares 
 
40.
During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1?  No
 
 S 2: 
Advisory Fee 
 
45.
Did the Registrant/Series have an advisory contract during the period?  Yes
 
46.
Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period?  No
 
47.
Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets?  Yes
 
48.
Fee (single rate or step rates) applied to the Registrant’s/Series’
assets based on the advisory contract:
    Single-fee rate:  0.0%
    Step-fee rates:
      For 1st $000s:  1,000,000
        Annual rate:  0.06%
      Of next $000s:  3,000,000
        Annual rate:  0.04%
      Of next $000s:  6,000,000
        Annual rate:  0.03%
      & Above $000s:  10,000,000
        Annual rate:  0.025%
 
49.
Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income?  No
 
50.
Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets?  No
 
51.
Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance?  No
 
52.
Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants?  No
 
53.
Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws?  No
 
54.
Indicated below are whether services were supplied or paid for wholly or
in substantial part by Investment Adviser(s) or Administrator(s) in
connection with the advisory or administrative contract(s) but for which
the Adviser(s) or Administrator(s) are not reimbursed by the Registrant:

Provided to the Registrant?
Occupancy and office rental ............................................  No
Clerical and bookkeeping services ......................................  No
Accounting services ....................................................  No
Services of independent auditors .......................................  No
Services of outside counsel ............................................  No
Registration and filing fees ...........................................  No
Stationery, supplies and printing ......................................  No
Salaries & compensation of Registrant’s interested Directors ...........  No
Salaries & compensation of Registrant’s disinterested Directors ........  No
Salaries & compensation of Registrant’s Officers who aren’t Directors ..  No
Reports to current shareholders ........................................  No
Determination of offering and redemption prices ........................  No
Trading department .....................................................  No
Prospectus preparation and printing for current shareholders ...........  No
Other ..................................................................  No
 
 S 2: 
Miscellaneous Info 
 
55.
Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
    Overdrafts?  No
    Bank loans?  No
 
56.
During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies?  Yes
 
57.
Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend?  No
 
 S 2: 
Classification and Asset Allocation 
 
62.
Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities?  Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ...............................      0.0%
U.S. Government Agency ......................      0.0
Repurchase agreements .......................      6.5
State and Municipal – tax-free ..............      0.0
Bank certificates of deposit – domestic .....      0.0
Bank certificates of deposit – foreign ......      0.0
Bankers acceptances .........................      0.0
Commercial paper – taxable ..................      0.0
Time deposits ...............................      0.0
Options .....................................      0.0
All other ...................................      1.1

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ...............................      2.9%
U.S. Government Agency ......................      0.0
State and Municipal – tax-free ..............      0.0
Corporate ...................................    87.5
All other ...................................      0.3

Non-Debt
Investments other than debt securities ......      0.3%
 
63.
The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
    Days:     0
    Years:    6.0
 
64.
Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer?  No

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end?  No
 
 S 2: 
Investment Practices 
 
70.
Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity                                            Permitted Engaged In
Writing or investing in repurchase agreements?           Yes to both
Writing or investing in options on equities?             No        –
Writing or investing in options on debt securities?      Yes      No
Writing or investing in options on stock indices?        No        –
Writing or investing in interest rate futures?           Yes      No
Writing or investing in stock index futures?             No        –
Writing or investing in options on futures?              Yes      No
Writing or investing in options on stock index futures?  No        –
Writing or investing in other commodity futures?         No        –
Investments in restricted securities?                    Yes to both
Investments in shares of other investment companies?     Yes to both
Investments in securities of foreign issuers?            Yes to both
Currency exchange transactions?                          Yes      No
Loaning portfolio securities?                            Yes to both
Borrowing of money?                                      Yes      No
Purchases/sales by certain exempted affiliated persons?  Yes      No
Margin purchases?                                        No        –
Short selling?                                           No        –
 
 S 2: 
Portfolio Turnover 
 
71.
Portfolio turnover rate for the period:
 
Purchases ($000s):  1,906,697
Sales ($000s):      1,614,006

Monthly average Value of portfolio ($000s):  7,511,777

Percent turnover (lesser of Purchases or Sales, divided by Value):  21%
 
 S 2: 
Financial Info — Income and Expenses 
 
72.
The number of months covered by the values in Items 72 and 73:  12

Income  ($000s)
Net interest income ..............................................
 705,002
Net dividend income ..............................................
 –
Account maintenance fees .........................................
 –
Net other income .................................................
 1,553

Expenses  ($000s)
Advisory fees ....................................................
 3,057
Administrator fees ...............................................
 4,496
Salaries and other compensation ..................................
 –
Shareholder Servicing Agent fees .................................
 7,388
Custodian fees ...................................................
 23
Postage ..........................................................
 –
Printing expenses ................................................
 222
Directors’ fees ..................................................
 11
Registration fees ................................................
 –
Taxes ............................................................
 –
Interest .........................................................
 –
Bookkeeping fees paid to anyone performing this service ..........
 –
Auditing fees ....................................................
 31
Legal fees .......................................................
 –
Marketing/distribution payments, incl. Rule 12b-1 plan payments ..
 1,900
Amortization of organization expenses ............................
 –
Shareholder meeting expenses .....................................
 –
Other expenses ...................................................
 –
Total expenses ...................................................
 17,128

Expense reimbursements ($000s):   23

Net investment income ($000s):    689,450

Realized capital gains ($000s):   16,664
Realized capital losses ($000s):  941,411

Net unrealized appreciation during the period ($000s):  0
Net unrealized depreciation during the period ($000s):  1,213,030

Total income dividends for which the record date passed during the
period ($000s):  349,052
Dividends for a second class of shares ($000s):  340,398

Total capital gains distributions for which the record date passed
during the period ($000s):  0
 
73.
Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income:    $0.4300
Dividends for a second class of shares:  $0.4370

Distribution of capital gains:  $0.0000
Other distributions:            $0.0000
 
 S 2: 
Financial Info — Condensed Balance Sheet Data 
 
74.
Assets  ($000s)
Cash .............................................................
 4,134
Repurchase agreements ............................................
 509,125
Short-term debt securities, other than repurchase agreements .....
 81,654
Long-term debt securities, including convertible debt ............
 7,106,818
Preferred, conv. preferred and adjustable-rate preferred stock ...
 –
Common stock .....................................................
 –
Options on equities ..............................................
 –
Options on all futures ...........................................
 –
Other investments ................................................
 24,245
Receivables from portfolio instruments sold ......................
 2,904
Receivables from affiliated persons ..............................
 –
Other receivables ................................................
 –
All other assets .................................................
 185,128
Total assets .....................................................
 7,914,008

Liabilities  ($000s)
Payables for portfolio instruments purchased .....................
 25,947
Amounts owed to affiliated persons ...............................
 13,463
Senior long-term debt ............................................
 –
Other liabilities:
  Reverse repurchase agreements ..................................
 –
  Short sales ....................................................
 –
  Written options ................................................
 –
  All other liabilities ..........................................
 45,652

Equity  ($000s)
Senior equity ....................................................
 –
Net assets of common shareholders ................................
 7,828,946

Number of shares outstanding (000s):   881,222
Number of shares outstanding of a second class of shares (000s):  868,017

Net Asset Value (NAV) per share (to nearest cent):  $4.48
NAV per share of a second class of shares (to nearest cent):  $4.48

Total number of shareholder accounts:  192,429

Total value of assets in segregated accounts ($000s):  0
 
75.
Monthly average net assets during the period ($000s):  8,214,031
 
 Series 3
↑Information Common to All Funds/Series  ↑List of 9 Funds/Series 
 
 7.
Name:         Vanguard GNMA Fund — S#2582 ⇒ VFIJX & VFIIX

Is this the final Form N-SAR filed for this Fund/Series?  No
 
 S 3: 
Investment Adviser 
 
 8.1
Name:         Wellington Management Co. LLP
Role:         Adviser
SEC File #:   801-15908
Location:     Boston, MA
 
 S 3: 
Custodian 
 
15.1
Name:         JP Morgan Chase Bank
Role:         Custodian
Location:     New York, NY

Type of custody:  Section 17(f)(1) — Bank
 
 S 3: 
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers 
 
24.
At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities?  Yes

25.

The brokers or dealers, or their parents (issuers):
 
25.1
Name:         Deutsche Bank Securities Inc.
IRS #:        13-2730828
Type of security owned:  Debt
Value of securities owned at period end ($000s):  260,600
 
25.2
Name:         BNP Paribas Securities Corp.
IRS #:        13-3235334
Type of security owned:  Debt
Value of securities owned at period end ($000s):  1,357,400
 
25.3
Name:         Credit Suisse Securities (USA) LLC
IRS #:        13-5659485
Type of security owned:  Debt
Value of securities owned at period end ($000s):  52,900
 
 S 3: 
Sales and Repurchases 
 
28.
Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
 
1st Month of period:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 588,394
      Reinvestment of dividends and distributions ................
 87,488
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 359,594
2nd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,047,485
      Reinvestment of dividends and distributions ................
 89,175
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 579,848
3rd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,718,400
      Reinvestment of dividends and distributions ................
 88,277
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 1,038,374
4th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,078,501
      Reinvestment of dividends and distributions ................
 87,362
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 669,339
5th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,190,738
      Reinvestment of dividends and distributions ................
 91,329
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 499,312
6th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,224,660
      Reinvestment of dividends and distributions ................
 91,102
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 565,672

Total of all months:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 6,848,178
      Reinvestment of dividends and distributions ................
 534,733
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 3,712,139

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s):  0
 
 S 3: 
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) 
 
37.
Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period?  No
 
39.
Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period?  Yes
 
 S 3: 
Payment Plan for the Distribution of Fund Shares 
 
40.
During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1?  No
 
 S 3: 
Advisory Fee 
 
45.
Did the Registrant/Series have an advisory contract during the period?  Yes
 
46.
Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period?  No
 
47.
Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets?  Yes
 
48.
Fee (single rate or step rates) applied to the Registrant’s/Series’
assets based on the advisory contract:
    Single-fee rate:  0.0%
    Step-fee rates:
      For 1st $000s:  3,000,000
        Annual rate:  0.02%
      Of next $000s:  3,000,000
        Annual rate:  0.01%
      & Above $000s:  6,000,000
        Annual rate:  0.008%
 
49.
Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income?  No
 
50.
Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets?  No
 
51.
Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance?  No
 
52.
Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants?  No
 
53.
Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws?  No
 
54.
Indicated below are whether services were supplied or paid for wholly or
in substantial part by Investment Adviser(s) or Administrator(s) in
connection with the advisory or administrative contract(s) but for which
the Adviser(s) or Administrator(s) are not reimbursed by the Registrant:

Provided to the Registrant?
Occupancy and office rental ............................................  No
Clerical and bookkeeping services ......................................  No
Accounting services ....................................................  No
Services of independent auditors .......................................  No
Services of outside counsel ............................................  No
Registration and filing fees ...........................................  No
Stationery, supplies and printing ......................................  No
Salaries & compensation of Registrant’s interested Directors ...........  No
Salaries & compensation of Registrant’s disinterested Directors ........  No
Salaries & compensation of Registrant’s Officers who aren’t Directors ..  No
Reports to current shareholders ........................................  No
Determination of offering and redemption prices ........................  No
Trading department .....................................................  No
Prospectus preparation and printing for current shareholders ...........  No
Other ..................................................................  No
 
 S 3: 
Miscellaneous Info 
 
55.
Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
    Overdrafts?  No
    Bank loans?  No
 
56.
During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies?  Yes
 
57.
Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend?  No
 
 S 3: 
Classification and Asset Allocation 
 
62.
Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities?  Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ...............................      0.0%
U.S. Government Agency ......................      0.0
Repurchase agreements .......................      7.8
State and Municipal – tax-free ..............      0.0
Bank certificates of deposit – domestic .....      0.0
Bank certificates of deposit – foreign ......      0.0
Bankers acceptances .........................      0.0
Commercial paper – taxable ..................      0.0
Time deposits ...............................      0.0
Options .....................................      0.0
All other ...................................      0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ...............................      0.0%
U.S. Government Agency ......................    99.6
State and Municipal – tax-free ..............      0.0
Corporate ...................................      0.0
All other ...................................      0.0

Non-Debt
Investments other than debt securities ......      0.0%
 
63.
The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
    Days:     0
    Years:    1.8
 
64.
Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer?  No

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end?  No
 
 S 3: 
Investment Practices 
 
70.
Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity                                            Permitted Engaged In
Writing or investing in repurchase agreements?           Yes to both
Writing or investing in options on equities?             No        –
Writing or investing in options on debt securities?      Yes      No
Writing or investing in options on stock indices?        No        –
Writing or investing in interest rate futures?           Yes      No
Writing or investing in stock index futures?             No        –
Writing or investing in options on futures?              Yes      No
Writing or investing in options on stock index futures?  No        –
Writing or investing in other commodity futures?         No        –
Investments in restricted securities?                    Yes      No
Investments in shares of other investment companies?     Yes      No
Investments in securities of foreign issuers?            No        –
Currency exchange transactions?                          No        –
Loaning portfolio securities?                            Yes      No
Borrowing of money?                                      Yes      No
Purchases/sales by certain exempted affiliated persons?  Yes      No
Margin purchases?                                        No        –
Short selling?                                           No        –
 
 S 3: 
Portfolio Turnover 
 
71.
Portfolio turnover rate for the period:
 
Purchases ($000s):  22,701,310
Sales ($000s):      16,163,952

Monthly average Value of portfolio ($000s):  25,676,815

Percent turnover (lesser of Purchases or Sales, divided by Value):  63%
 
 S 3: 
Financial Info — Income and Expenses 
 
72.
The number of months covered by the values in Items 72 and 73:  12

Income  ($000s)
Net interest income ..............................................
 1,334,346
Net dividend income ..............................................
 –
Account maintenance fees .........................................
 –
Net other income .................................................
 –

Expenses  ($000s)
Advisory fees ....................................................
 2,492
Administrator fees ...............................................
 17,513
Salaries and other compensation ..................................
 –
Shareholder Servicing Agent fees .................................
 16,417
Custodian fees ...................................................
 1,916
Postage ..........................................................
 –
Printing expenses ................................................
 362
Directors’ fees ..................................................
 29
Registration fees ................................................
 –
Taxes ............................................................
 –
Interest .........................................................
 –
Bookkeeping fees paid to anyone performing this service ..........
 –
Auditing fees ....................................................
 27
Legal fees .......................................................
 –
Marketing/distribution payments, incl. Rule 12b-1 plan payments ..
 5,624
Amortization of organization expenses ............................
 –
Shareholder meeting expenses .....................................
 –
Other expenses ...................................................
 –
Total expenses ...................................................
 44,380

Expense reimbursements ($000s):   0

Net investment income ($000s):    1,289,966

Realized capital gains ($000s):   121,051
Realized capital losses ($000s):  57,157

Net unrealized appreciation during the period ($000s):  124,341
Net unrealized depreciation during the period ($000s):  0

Total income dividends for which the record date passed during the
period ($000s):  667,203
Dividends for a second class of shares ($000s):  622,763

Total capital gains distributions for which the record date passed
during the period ($000s):  0
 
73.
Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income:    $0.5110
Dividends for a second class of shares:  $0.5220

Distribution of capital gains:  $0.0000
Other distributions:            $0.0000
 
 S 3: 
Financial Info — Condensed Balance Sheet Data 
 
74.
Assets  ($000s)
Cash .............................................................
 –
Repurchase agreements ............................................
 2,329,600
Short-term debt securities, other than repurchase agreements .....
 –
Long-term debt securities, including convertible debt ............
 29,613,237
Preferred, conv. preferred and adjustable-rate preferred stock ...
 –
Common stock .....................................................
 –
Options on equities ..............................................
 –
Options on all futures ...........................................
 –
Other investments ................................................
 7,528
Receivables from portfolio instruments sold ......................
 713,522
Receivables from affiliated persons ..............................
 –
Other receivables ................................................
 181,584
All other assets .................................................
 –
Total assets .....................................................
 32,845,471

Liabilities  ($000s)
Payables for portfolio instruments purchased .....................
 2,988,465
Amounts owed to affiliated persons ...............................
 57,881
Senior long-term debt ............................................
 –
Other liabilities:
  Reverse repurchase agreements ..................................
 –
  Short sales ....................................................
 –
  Written options ................................................
 –
  All other liabilities ..........................................
 57,948

Equity  ($000s)
Senior equity ....................................................
 –
Net assets of common shareholders ................................
 29,741,177

Number of shares outstanding (000s):   1,425,757
Number of shares outstanding of a second class of shares (000s):  1,399,793

Net Asset Value (NAV) per share (to nearest cent):  $10.53
NAV per share of a second class of shares (to nearest cent):  $10.53

Total number of shareholder accounts:  412,612

Total value of assets in segregated accounts ($000s):  0
 
75.
Monthly average net assets during the period ($000s):  26,042,236
 
 Series 4
↑Information Common to All Funds/Series  ↑List of 9 Funds/Series 
 
 7.
Name:         Vanguard Short-Term Investment-Grade Fund — S#2591 ⇒ VFSUX & 2 more

Is this the final Form N-SAR filed for this Fund/Series?  No
 
 S 4: 
Investment Adviser 
 
 8.1
Name:         The Vanguard Group, Inc.
Role:         Adviser
SEC File #:   801-11953
Location:     Malvern, PA
 
 S 4: 
Custodian 
 
15.1
Name:         The Bank of New York
Role:         Custodian
Location:     New York, NY

Type of custody:  Section 17(f)(1) — Bank
 
 S 4: 
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers 
 
24.
At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities?  Yes

25.

The brokers or dealers, or their parents (issuers):
 
25.1
Name:         Credit Suisse Securities (USA) LLC
IRS #:        13-5659485
Type of security owned:  Debt
Value of securities owned at period end ($000s):  224,721
 
25.2
Name:         Lehman Brothers Inc.
IRS #:        13-2518466
Type of security owned:  Equity
Value of securities owned at period end ($000s):  21,000
 
25.3
Name:         Banc of America Securities LLC
IRS #:        56-2058405
Type of security owned:  Debt
Value of securities owned at period end ($000s):  499,613
 
25.4
Name:         Lehman Brothers Inc.
IRS #:        13-2518466
Type of security owned:  Debt
Value of securities owned at period end ($000s):  20,961
 
25.5
Name:         Deutsche Bank Securities Inc.
IRS #:        13-2730828
Type of security owned:  Debt
Value of securities owned at period end ($000s):  90,557
 
25.6
Name:         Barclays Capital Inc.
IRS #:        13-3410233
Type of security owned:  Debt
Value of securities owned at period end ($000s):  70,383
 
25.7
Name:         BNP Paribas Securities Corp.
IRS #:        13-3235334
Type of security owned:  Debt
Value of securities owned at period end ($000s):  12,196
 
25.8
Name:         J.P. Morgan Securities Inc.
IRS #:        13-3224016
Type of security owned:  Debt
Value of securities owned at period end ($000s):  802,604
 
25.9
Name:         Banc of America Securities LLC
IRS #:        56-2058405
Type of security owned:  Equity
Value of securities owned at period end ($000s):  6,610
 
25.10
Name:         Citigroup Global Markets
IRS #:        13-2919773
Type of security owned:  Debt
Value of securities owned at period end ($000s):  508,309
 
25.11
Name:         (See a prior Form N-SAR for who was...)  Deleted
 
25.12
Name:         UBS Securities LLC
IRS #:        13-3873456
Type of security owned:  Debt
Value of securities owned at period end ($000s):  48,453
 
 S 4: 
Sales and Repurchases 
 
28.
Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
 
1st Month of period:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 468,003
      Reinvestment of dividends and distributions ................
 72,430
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 364,161
2nd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 425,537
      Reinvestment of dividends and distributions ................
 67,662
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 927,786
3rd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 377,258
      Reinvestment of dividends and distributions ................
 68,083
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 1,574,441
4th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,170,152
      Reinvestment of dividends and distributions ................
 62,962
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 1,075,783
5th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 781,906
      Reinvestment of dividends and distributions ................
 63,704
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 786,726
6th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,285,709
      Reinvestment of dividends and distributions ................
 66,046
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 576,961

Total of all months:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 4,508,565
      Reinvestment of dividends and distributions ................
 400,887
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 5,305,858

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s):  0
 
 S 4: 
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) 
 
37.
Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period?  No
 
39.
Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period?  Yes
 
 S 4: 
Payment Plan for the Distribution of Fund Shares 
 
40.
During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1?  No
 
 S 4: 
Advisory Fee 
 
45.
Did the Registrant/Series have an advisory contract during the period?  No
 
 S 4: 
Miscellaneous Info 
 
55.
Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
    Overdrafts?  No
    Bank loans?  No
 
56.
During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies?  Yes
 
57.
Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend?  No
 
 S 4: 
Classification and Asset Allocation 
 
62.
Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities?  Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ...............................      0.0%
U.S. Government Agency ......................      0.0
Repurchase agreements .......................      0.0
State and Municipal – tax-free ..............      0.5
Bank certificates of deposit – domestic .....      0.0
Bank certificates of deposit – foreign ......      0.0
Bankers acceptances .........................      0.0
Commercial paper – taxable ..................      0.0
Time deposits ...............................      0.0
Options .....................................      0.0
All other ...................................    14.7

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ...............................      6.2%
U.S. Government Agency ......................      3.0
State and Municipal – tax-free ..............      0.0
Corporate ...................................    70.9
All other ...................................      1.4

Non-Debt
Investments other than debt securities ......      3.0%
 
63.
The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
    Days:     0
    Years:    2.7
 
64.
Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer?  No

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end?  No
 
 S 4: 
Investment Practices 
 
70.
Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity                                            Permitted Engaged In
Writing or investing in repurchase agreements?           Yes      No
Writing or investing in options on equities?             No        –
Writing or investing in options on debt securities?      Yes      No
Writing or investing in options on stock indices?        No        –
Writing or investing in interest rate futures?           Yes to both
Writing or investing in stock index futures?             No        –
Writing or investing in options on futures?              Yes      No
Writing or investing in options on stock index futures?  No        –
Writing or investing in other commodity futures?         No        –
Investments in restricted securities?                    Yes to both
Investments in shares of other investment companies?     Yes to both
Investments in securities of foreign issuers?            Yes to both
Currency exchange transactions?                          Yes      No
Loaning portfolio securities?                            Yes      No
Borrowing of money?                                      Yes      No
Purchases/sales by certain exempted affiliated persons?  Yes to both
Margin purchases?                                        No        –
Short selling?                                           No        –
 
 S 4: 
Portfolio Turnover 
 
71.
Portfolio turnover rate for the period:
 
Purchases ($000s):  8,869,334
Sales ($000s):      9,115,941

Monthly average Value of portfolio ($000s):  18,236,263

Percent turnover (lesser of Purchases or Sales, divided by Value):  49%
 
 S 4: 
Financial Info — Income and Expenses 
 
72.
The number of months covered by the values in Items 72 and 73:  12

Income  ($000s)
Net interest income ..............................................
 933,385
Net dividend income ..............................................
 11,788
Account maintenance fees .........................................
 –
Net other income .................................................
 16

Expenses  ($000s)
Advisory fees ....................................................
 1,911
Administrator fees ...............................................
 10,439
Salaries and other compensation ..................................
 –
Shareholder Servicing Agent fees .................................
 13,858
Custodian fees ...................................................
 209
Postage ..........................................................
 –
Printing expenses ................................................
 360
Directors’ fees ..................................................
 23
Registration fees ................................................
 –
Taxes ............................................................
 –
Interest .........................................................
 –
Bookkeeping fees paid to anyone performing this service ..........
 –
Auditing fees ....................................................
 36
Legal fees .......................................................
 –
Marketing/distribution payments, incl. Rule 12b-1 plan payments ..
 5,161
Amortization of organization expenses ............................
 –
Shareholder meeting expenses .....................................
 –
Other expenses ...................................................
 –
Total expenses ...................................................
 31,997

Expense reimbursements ($000s):   179

Net investment income ($000s):    913,371

Realized capital gains ($000s):   370,982
Realized capital losses ($000s):  256,485

Net unrealized appreciation during the period ($000s):  0
Net unrealized depreciation during the period ($000s):  1,901,546

Total income dividends for which the record date passed during the
period ($000s):  0

Total capital gains distributions for which the record date passed
during the period ($000s):  0
 
73.
Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income:    $0.0000

Distribution of capital gains:  $0.0000
Other distributions:            $0.0000
 
 S 4: 
Financial Info — Condensed Balance Sheet Data 
 
74.
Assets  ($000s)
Cash .............................................................
 8,355
Repurchase agreements ............................................
 –
Short-term debt securities, other than repurchase agreements .....
 2,857,886
Long-term debt securities, including convertible debt ............
 15,309,359
Preferred, conv. preferred and adjustable-rate preferred stock ...
 157,779
Common stock .....................................................
 –
Options on equities ..............................................
 –
Options on all futures ...........................................
 –
Other investments ................................................
 408,063
Receivables from portfolio instruments sold ......................
 2,862
Receivables from affiliated persons ..............................
 –
Other receivables ................................................
 308,681
All other assets .................................................
 –
Total assets .....................................................
 19,052,985

Liabilities  ($000s)
Payables for portfolio instruments purchased .....................
 193,604
Amounts owed to affiliated persons ...............................
 17,484
Senior long-term debt ............................................
 –
Other liabilities:
  Reverse repurchase agreements ..................................
 –
  Short sales ....................................................
 –
  Written options ................................................
 –
  All other liabilities ..........................................
 58,613

Equity  ($000s)
Senior equity ....................................................
 –
Net assets of common shareholders ................................
 18,783,284

Number of shares outstanding (000s):   0

Net Asset Value (NAV) per share (to nearest cent):  $0.00

Total number of shareholder accounts:  223,269

Total value of assets in segregated accounts ($000s):  18,256
 
75.
Monthly average net assets during the period ($000s):  19,536,446
 
 Series 5
↑Information Common to All Funds/Series  ↑List of 9 Funds/Series 
 
 7.
Name:         Vanguard Long-Term Treasury Fund — S#2589 ⇒ VUSUX & VUSTX

Is this the final Form N-SAR filed for this Fund/Series?  No
 
 S 5: 
Investment Adviser 
 
 8.1
Name:         The Vanguard Group, Inc.
Role:         Adviser
SEC File #:   801-11953
Location:     Malvern, PA
 
 S 5: 
Custodian 
 
15.1
Name:         Bank of New York
Role:         Custodian
Location:     New York, NY

Type of custody:  Section 17(f)(1) — Bank
 
 S 5: 
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers 
 
24.
At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities?  Yes

25.

The brokers or dealers, or their parents (issuers):
 
25.1
Name:         (See a prior Form N-SAR for who was...)  Deleted
 
25.2
Name:         Deutsche Bank Securities Inc.
IRS #:        13-2730828
Type of security owned:  Debt
Value of securities owned at period end ($000s):  80,988
 
 S 5: 
Sales and Repurchases 
 
28.
Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
 
1st Month of period:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 79,526
      Reinvestment of dividends and distributions ................
 9,719
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 44,128
2nd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 355,662
      Reinvestment of dividends and distributions ................
 9,449
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 83,345
3rd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 409,591
      Reinvestment of dividends and distributions ................
 9,968
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 196,846
4th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 200,970
      Reinvestment of dividends and distributions ................
 10,231
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 157,511
5th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 242,622
      Reinvestment of dividends and distributions ................
 35,210
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 178,117
6th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 91,163
      Reinvestment of dividends and distributions ................
 9,191
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 361,654

Total of all months:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,379,534
      Reinvestment of dividends and distributions ................
 83,768
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 1,021,601

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s):  0
 
 S 5: 
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) 
 
37.
Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period?  No
 
39.
Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period?  Yes
 
 S 5: 
Payment Plan for the Distribution of Fund Shares 
 
40.
During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1?  No
 
 S 5: 
Advisory Fee 
 
45.
Did the Registrant/Series have an advisory contract during the period?  No
 
 S 5: 
Miscellaneous Info 
 
55.
Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
    Overdrafts?  No
    Bank loans?  No
 
56.
During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies?  Yes
 
57.
Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend?  No
 
 S 5: 
Classification and Asset Allocation 
 
62.
Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities?  Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ...............................      0.0%
U.S. Government Agency ......................      0.0
Repurchase agreements .......................      2.4
State and Municipal – tax-free ..............      0.0
Bank certificates of deposit – domestic .....      0.0
Bank certificates of deposit – foreign ......      0.0
Bankers acceptances .........................      0.0
Commercial paper – taxable ..................      0.0
Time deposits ...............................      0.0
Options .....................................      0.0
All other ...................................      0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ...............................    83.4%
U.S. Government Agency ......................    14.3
State and Municipal – tax-free ..............      0.0
Corporate ...................................      0.0
All other ...................................      0.0

Non-Debt
Investments other than debt securities ......      0.0%
 
63.
The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
    Days:     0
    Years:    16.5
 
64.
Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer?  Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end?  No
 
 S 5: 
Investment Practices 
 
70.
Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity                                            Permitted Engaged In
Writing or investing in repurchase agreements?           Yes to both
Writing or investing in options on equities?             No        –
Writing or investing in options on debt securities?      Yes      No
Writing or investing in options on stock indices?        No        –
Writing or investing in interest rate futures?           Yes to both
Writing or investing in stock index futures?             No        –
Writing or investing in options on futures?              Yes      No
Writing or investing in options on stock index futures?  No        –
Writing or investing in other commodity futures?         No        –
Investments in restricted securities?                    Yes      No
Investments in shares of other investment companies?     Yes      No
Investments in securities of foreign issuers?            No        –
Currency exchange transactions?                          No        –
Loaning portfolio securities?                            Yes      No
Borrowing of money?                                      Yes      No
Purchases/sales by certain exempted affiliated persons?  Yes      No
Margin purchases?                                        No        –
Short selling?                                           No        –
 
 S 5: 
Portfolio Turnover 
 
71.
Portfolio turnover rate for the period:
 
Purchases ($000s):  2,887,164
Sales ($000s):      2,352,282

Monthly average Value of portfolio ($000s):  2,925,850

Percent turnover (lesser of Purchases or Sales, divided by Value):  80%
 
 S 5: 
Financial Info — Income and Expenses 
 
72.
The number of months covered by the values in Items 72 and 73:  12

Income  ($000s)
Net interest income ..............................................
 133,947
Net dividend income ..............................................
 –
Account maintenance fees .........................................
 –
Net other income .................................................
 –

Expenses  ($000s)
Advisory fees ....................................................
 278
Administrator fees ...............................................
 2,347
Salaries and other compensation ..................................
 –
Shareholder Servicing Agent fees .................................
 2,212
Custodian fees ...................................................
 42
Postage ..........................................................
 –
Printing expenses ................................................
 58
Directors’ fees ..................................................
 3
Registration fees ................................................
 –
Taxes ............................................................
 –
Interest .........................................................
 –
Bookkeeping fees paid to anyone performing this service ..........
 –
Auditing fees ....................................................
 24
Legal fees .......................................................
 –
Marketing/distribution payments, incl. Rule 12b-1 plan payments ..
 715
Amortization of organization expenses ............................
 –
Shareholder meeting expenses .....................................
 –
Other expenses ...................................................
 –
Total expenses ...................................................
 5,679

Expense reimbursements ($000s):   0

Net investment income ($000s):    128,268

Realized capital gains ($000s):   167,792
Realized capital losses ($000s):  11,901

Net unrealized appreciation during the period ($000s):  5,081
Net unrealized depreciation during the period ($000s):  0

Total income dividends for which the record date passed during the
period ($000s):  71,370
Dividends for a second class of shares ($000s):  57,828

Total capital gains distributions for which the record date passed
during the period ($000s):  31,604
 
73.
Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income:    $0.5020
Dividends for a second class of shares:  $0.5190

Distribution of capital gains:  $0.1100
Other distributions:            $0.0000
 
 S 5: 
Financial Info — Condensed Balance Sheet Data 
 
74.
Assets  ($000s)
Cash .............................................................
 –
Repurchase agreements ............................................
 80,988
Short-term debt securities, other than repurchase agreements .....
 –
Long-term debt securities, including convertible debt ............
 3,319,607
Preferred, conv. preferred and adjustable-rate preferred stock ...
 –
Common stock .....................................................
 –
Options on equities ..............................................
 –
Options on all futures ...........................................
 –
Other investments ................................................
 1,032
Receivables from portfolio instruments sold ......................
 100,185
Receivables from affiliated persons ..............................
 –
Other receivables ................................................
 60,223
All other assets .................................................
 –
Total assets .....................................................
 3,562,035

Liabilities  ($000s)
Payables for portfolio instruments purchased .....................
 144,318
Amounts owed to affiliated persons ...............................
 2,251
Senior long-term debt ............................................
 –
Other liabilities:
  Reverse repurchase agreements ..................................
 –
  Short sales ....................................................
 –
  Written options ................................................
 –
  All other liabilities ..........................................
 19,168

Equity  ($000s)
Senior equity ....................................................
 –
Net assets of common shareholders ................................
 3,396,298

Number of shares outstanding (000s):   155,426
Number of shares outstanding of a second class of shares (000s):  122,793

Net Asset Value (NAV) per share (to nearest cent):  $12.21
NAV per share of a second class of shares (to nearest cent):  $12.21

Total number of shareholder accounts:  74,381

Total value of assets in segregated accounts ($000s):  7,468
 
75.
Monthly average net assets during the period ($000s):  3,016,146
 
 Series 6
↑Information Common to All Funds/Series  ↑List of 9 Funds/Series 
 
 7.
Name:         Vanguard Short-Term Federal Fund — S#2590 ⇒ VSGDX & VSGBX

Is this the final Form N-SAR filed for this Fund/Series?  No
 
 S 6: 
Investment Adviser 
 
 8.1
Name:         The Vanguard Group, Inc.
Role:         Adviser
SEC File #:   801-11953
Location:     Malvern, PA
 
 S 6: 
Custodian 
 
15.1
Name:         Bank of New York
Role:         Custodian
Location:     New York, NY

Type of custody:  Section 17(f)(1) — Bank
 
 S 6: 
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers 
 
24.
At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities?  Yes

25.

The brokers or dealers, or their parents (issuers):
 
25.1
Name:         Deutsche Bank Securities Inc.
IRS #:        13-2730828
Type of security owned:  Debt
Value of securities owned at period end ($000s):  68,715
 
25.2
Name:         (See a prior Form N-SAR for who was...)  Deleted
 
25.3
Name:         (See a prior Form N-SAR for who was...)  Deleted
 
25.4
Name:         (See a prior Form N-SAR for who was...)  Deleted
 
25.5
Name:         (See a prior Form N-SAR for who was...)  Deleted
 
25.6
Name:         (See a prior Form N-SAR for who was...)  Deleted
 
 S 6: 
Sales and Repurchases 
 
28.
Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
 
1st Month of period:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 70,413
      Reinvestment of dividends and distributions ................
 8,887
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 67,225
2nd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 259,603
      Reinvestment of dividends and distributions ................
 8,788
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 144,544
3rd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 377,073
      Reinvestment of dividends and distributions ................
 9,291
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 181,459
4th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 202,186
      Reinvestment of dividends and distributions ................
 9,325
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 133,290
5th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 183,812
      Reinvestment of dividends and distributions ................
 9,486
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 179,014
6th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 240,020
      Reinvestment of dividends and distributions ................
 9,078
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 153,850

Total of all months:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,333,107
      Reinvestment of dividends and distributions ................
 54,855
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 859,382

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s):  0
 
 S 6: 
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) 
 
37.
Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period?  No
 
39.
Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period?  Yes
 
 S 6: 
Payment Plan for the Distribution of Fund Shares 
 
40.
During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1?  No
 
 S 6: 
Advisory Fee 
 
45.
Did the Registrant/Series have an advisory contract during the period?  No
 
 S 6: 
Miscellaneous Info 
 
55.
Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
    Overdrafts?  No
    Bank loans?  No
 
56.
During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies?  Yes
 
57.
Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend?  No
 
 S 6: 
Classification and Asset Allocation 
 
62.
Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities?  Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ...............................      0.0%
U.S. Government Agency ......................      3.4
Repurchase agreements .......................      1.9
State and Municipal – tax-free ..............      0.0
Bank certificates of deposit – domestic .....      0.0
Bank certificates of deposit – foreign ......      0.0
Bankers acceptances .........................      0.0
Commercial paper – taxable ..................      0.0
Time deposits ...............................      0.0
Options .....................................      0.0
All other ...................................      0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ...............................      0.0%
U.S. Government Agency ......................    94.4
State and Municipal – tax-free ..............      0.0
Corporate ...................................      0.0
All other ...................................      0.0

Non-Debt
Investments other than debt securities ......      0.0%
 
63.
The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
    Days:     0
    Years:    2.4
 
64.
Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer?  No

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end?  No
 
 S 6: 
Investment Practices 
 
70.
Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity                                            Permitted Engaged In
Writing or investing in repurchase agreements?           Yes to both
Writing or investing in options on equities?             No        –
Writing or investing in options on debt securities?      Yes      No
Writing or investing in options on stock indices?        No        –
Writing or investing in interest rate futures?           Yes to both
Writing or investing in stock index futures?             No        –
Writing or investing in options on futures?              Yes      No
Writing or investing in options on stock index futures?  No        –
Writing or investing in other commodity futures?         No        –
Investments in restricted securities?                    Yes      No
Investments in shares of other investment companies?     Yes      No
Investments in securities of foreign issuers?            No        –
Currency exchange transactions?                          No        –
Loaning portfolio securities?                            Yes      No
Borrowing of money?                                      Yes      No
Purchases/sales by certain exempted affiliated persons?  Yes      No
Margin purchases?                                        No        –
Short selling?                                           No        –
 
 S 6: 
Portfolio Turnover 
 
71.
Portfolio turnover rate for the period:
 
Purchases ($000s):  3,520,437
Sales ($000s):      3,037,762

Monthly average Value of portfolio ($000s):  2,776,885

Percent turnover (lesser of Purchases or Sales, divided by Value):  109%
 
 S 6: 
Financial Info — Income and Expenses 
 
72.
The number of months covered by the values in Items 72 and 73:  12

Income  ($000s)
Net interest income ..............................................
 127,464
Net dividend income ..............................................
 –
Account maintenance fees .........................................
 –
Net other income .................................................
 –

Expenses  ($000s)
Advisory fees ....................................................
 298
Administrator fees ...............................................
 2,052
Salaries and other compensation ..................................
 –
Shareholder Servicing Agent fees .................................
 1,914
Custodian fees ...................................................
 45
Postage ..........................................................
 –
Printing expenses ................................................
 56
Directors’ fees ..................................................
 4
Registration fees ................................................
 –
Taxes ............................................................
 –
Interest .........................................................
 –
Bookkeeping fees paid to anyone performing this service ..........
 –
Auditing fees ....................................................
 29
Legal fees .......................................................
 –
Marketing/distribution payments, incl. Rule 12b-1 plan payments ..
 832
Amortization of organization expenses ............................
 –
Shareholder meeting expenses .....................................
 –
Other expenses ...................................................
 –
Total expenses ...................................................
 5,230

Expense reimbursements ($000s):   0

Net investment income ($000s):    122,234

Realized capital gains ($000s):   23,080
Realized capital losses ($000s):  6,330

Net unrealized appreciation during the period ($000s):  18,077
Net unrealized depreciation during the period ($000s):  0

Total income dividends for which the record date passed during the
period ($000s):  68,507
Dividends for a second class of shares ($000s):  53,727

Total capital gains distributions for which the record date passed
during the period ($000s):  0
 
73.
Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income:    $0.4090
Dividends for a second class of shares:  $0.4200

Distribution of capital gains:  $0.0000
Other distributions:            $0.0000
 
 S 6: 
Financial Info — Condensed Balance Sheet Data 
 
74.
Assets  ($000s)
Cash .............................................................
 1
Repurchase agreements ............................................
 68,715
Short-term debt securities, other than repurchase agreements .....
 123,560
Long-term debt securities, including convertible debt ............
 3,405,793
Preferred, conv. preferred and adjustable-rate preferred stock ...
 –
Common stock .....................................................
 –
Options on equities ..............................................
 –
Options on all futures ...........................................
 –
Other investments ................................................
 911
Receivables from portfolio instruments sold ......................
 110
Receivables from affiliated persons ..............................
 –
Other receivables ................................................
 56,134
All other assets .................................................
 –
Total assets .....................................................
 3,655,224

Liabilities  ($000s)
Payables for portfolio instruments purchased .....................
 38,056
Amounts owed to affiliated persons ...............................
 1,514
Senior long-term debt ............................................
 –
Other liabilities:
  Reverse repurchase agreements ..................................
 –
  Short sales ....................................................
 –
  Written options ................................................
 –
  All other liabilities ..........................................
 7,135

Equity  ($000s)
Senior equity ....................................................
 –
Net assets of common shareholders ................................
 3,608,519

Number of shares outstanding (000s):   198,030
Number of shares outstanding of a second class of shares (000s):  135,645

Net Asset Value (NAV) per share (to nearest cent):  $10.81
NAV per share of a second class of shares (to nearest cent):  $10.81

Total number of shareholder accounts:  50,863

Total value of assets in segregated accounts ($000s):  7,680
 
75.
Monthly average net assets during the period ($000s):  3,164,764
 
 Series 7
↑Information Common to All Funds/Series  ↑List of 9 Funds/Series 
 
 7.
Name:         Vanguard Short-Term Treasury Fund — S#2583 ⇒ VFIRX & VFISX

Is this the final Form N-SAR filed for this Fund/Series?  No
 
 S 7: 
Investment Adviser 
 
 8.1
Name:         The Vanguard Group, Inc.
Role:         Adviser
SEC File #:   801-11953
Location:     Malvern, PA
 
 S 7: 
Custodian 
 
15.1
Name:         Bank of New York
Role:         Custodian
Location:     New York, NY

Type of custody:  Section 17(f)(1) — Bank
 
 S 7: 
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers 
 
24.
At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities?  Yes

25.

The brokers or dealers, or their parents (issuers):
 
25.1
Name:         (See a prior Form N-SAR for who was...)  Deleted
 
25.2
Name:         (See a prior Form N-SAR for who was...)  Deleted
 
25.3
Name:         Deutsche Bank Securities Inc.
IRS #:        13-2730828
Type of security owned:  Debt
Value of securities owned at period end ($000s):  10,330
 
 S 7: 
Sales and Repurchases 
 
28.
Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
 
1st Month of period:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 227,361
      Reinvestment of dividends and distributions ................
 11,986
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 114,770
2nd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 875,335
      Reinvestment of dividends and distributions ................
 11,628
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 218,579
3rd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,316,863
      Reinvestment of dividends and distributions ................
 11,802
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 373,152
4th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 597,634
      Reinvestment of dividends and distributions ................
 12,092
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 280,306
5th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 457,658
      Reinvestment of dividends and distributions ................
 52,896
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 402,658
6th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 257,401
      Reinvestment of dividends and distributions ................
 11,994
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 523,875

Total of all months:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 3,732,252
      Reinvestment of dividends and distributions ................
 112,398
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 1,913,340

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s):  0
 
 S 7: 
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) 
 
37.
Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period?  No
 
39.
Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period?  Yes
 
 S 7: 
Payment Plan for the Distribution of Fund Shares 
 
40.
During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1?  No
 
 S 7: 
Advisory Fee 
 
45.
Did the Registrant/Series have an advisory contract during the period?  No
 
 S 7: 
Miscellaneous Info 
 
55.
Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
    Overdrafts?  No
    Bank loans?  No
 
56.
During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies?  Yes
 
57.
Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend?  No
 
 S 7: 
Classification and Asset Allocation 
 
62.
Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities?  Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ...............................      0.7%
U.S. Government Agency ......................      0.4
Repurchase agreements .......................      0.2
State and Municipal – tax-free ..............      0.0
Bank certificates of deposit – domestic .....      0.0
Bank certificates of deposit – foreign ......      0.0
Bankers acceptances .........................      0.0
Commercial paper – taxable ..................      0.0
Time deposits ...............................      0.0
Options .....................................      0.0
All other ...................................      0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ...............................    83.6%
U.S. Government Agency ......................    14.7
State and Municipal – tax-free ..............      0.0
Corporate ...................................      0.0
All other ...................................      0.0

Non-Debt
Investments other than debt securities ......      0.0%
 
63.
The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
    Days:     0
    Years:    2.7
 
64.
Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer?  Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end?  No
 
 S 7: 
Investment Practices 
 
70.
Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity                                            Permitted Engaged In
Writing or investing in repurchase agreements?           Yes to both
Writing or investing in options on equities?             No        –
Writing or investing in options on debt securities?      Yes      No
Writing or investing in options on stock indices?        No        –
Writing or investing in interest rate futures?           Yes to both
Writing or investing in stock index futures?             No        –
Writing or investing in options on futures?              Yes      No
Writing or investing in options on stock index futures?  No        –
Writing or investing in other commodity futures?         No        –
Investments in restricted securities?                    Yes      No
Investments in shares of other investment companies?     Yes      No
Investments in securities of foreign issuers?            No        –
Currency exchange transactions?                          No        –
Loaning portfolio securities?                            Yes      No
Borrowing of money?                                      Yes      No
Purchases/sales by certain exempted affiliated persons?  Yes      No
Margin purchases?                                        No        –
Short selling?                                           No        –
 
 S 7: 
Portfolio Turnover 
 
71.
Portfolio turnover rate for the period:
 
Purchases ($000s):  9,805,493
Sales ($000s):      7,441,172

Monthly average Value of portfolio ($000s):  4,779,031

Percent turnover (lesser of Purchases or Sales, divided by Value):  156%
 
 S 7: 
Financial Info — Income and Expenses 
 
72.
The number of months covered by the values in Items 72 and 73:  12

Income  ($000s)
Net interest income ..............................................
 126,066
Net dividend income ..............................................
 –
Account maintenance fees .........................................
 –
Net other income .................................................
 –

Expenses  ($000s)
Advisory fees ....................................................
 488
Administrator fees ...............................................
 3,791
Salaries and other compensation ..................................
 –
Shareholder Servicing Agent fees .................................
 2,134
Custodian fees ...................................................
 47
Postage ..........................................................
 –
Printing expenses ................................................
 214
Directors’ fees ..................................................
 5
Registration fees ................................................
 –
Taxes ............................................................
 –
Interest .........................................................
 –
Bookkeeping fees paid to anyone performing this service ..........
 –
Auditing fees ....................................................
 27
Legal fees .......................................................
 –
Marketing/distribution payments, incl. Rule 12b-1 plan payments ..
 1,330
Amortization of organization expenses ............................
 –
Shareholder meeting expenses .....................................
 –
Other expenses ...................................................
 –
Total expenses ...................................................
 8,036

Expense reimbursements ($000s):   0

Net investment income ($000s):    118,030

Realized capital gains ($000s):   174,657
Realized capital losses ($000s):  61,038

Net unrealized appreciation during the period ($000s):  23,782
Net unrealized depreciation during the period ($000s):  0

Total income dividends for which the record date passed during the
period ($000s):  55,616
Dividends for a second class of shares ($000s):  82,373

Total capital gains distributions for which the record date passed
during the period ($000s):  61,518
 
73.
Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income:    $0.2830
Dividends for a second class of shares:  $0.2940

Distribution of capital gains:  $0.1030
Other distributions:            $0.0000
 
 S 7: 
Financial Info — Condensed Balance Sheet Data 
 
74.
Assets  ($000s)
Cash .............................................................
 2,969
Repurchase agreements ............................................
 10,330
Short-term debt securities, other than repurchase agreements .....
 75,777
Long-term debt securities, including convertible debt ............
 6,642,524
Preferred, conv. preferred and adjustable-rate preferred stock ...
 –
Common stock .....................................................
 –
Options on equities ..............................................
 –
Options on all futures ...........................................
 –
Other investments ................................................
 1,815
Receivables from portfolio instruments sold ......................
 –
Receivables from affiliated persons ..............................
 –
Other receivables ................................................
 46,585
All other assets .................................................
 –
Total assets .....................................................
 6,780,000

Liabilities  ($000s)
Payables for portfolio instruments purchased .....................
 –
Amounts owed to affiliated persons ...............................
 3,914
Senior long-term debt ............................................
 –
Other liabilities:
  Reverse repurchase agreements ..................................
 –
  Short sales ....................................................
 –
  Written options ................................................
 –
  All other liabilities ..........................................
 19,358

Equity  ($000s)
Senior equity ....................................................
 –
Net assets of common shareholders ................................
 6,756,728

Number of shares outstanding (000s):   258,172
Number of shares outstanding of a second class of shares (000s):  362,236

Net Asset Value (NAV) per share (to nearest cent):  $10.89
NAV per share of a second class of shares (to nearest cent):  $10.89

Total number of shareholder accounts:  71,397

Total value of assets in segregated accounts ($000s):  9,932
 
75.
Monthly average net assets during the period ($000s):  5,353,407
 
 Series 8
↑Information Common to All Funds/Series  ↑List of 9 Funds/Series 
 
 7.
Name:         Vanguard Intermediate-Term Treasury Fund — S#2587 ⇒ VFIUX & VFITX

Is this the final Form N-SAR filed for this Fund/Series?  No
 
 S 8: 
Investment Adviser 
 
 8.1
Name:         The Vanguard Group, Inc.
Role:         Adviser
SEC File #:   801-11953
Location:     Malvern, PA
 
 S 8: 
Custodian 
 
15.1
Name:         Bank of New York
Role:         Custodian
Location:     New York, NY

Type of custody:  Section 17(f)(1) — Bank
 
 S 8: 
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers 
 
24.
At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities?  Yes

25.

The brokers or dealers, or their parents (issuers):
 
25.1
Name:         Deutsche Bank Securities Inc.
IRS #:        13-2730828
Type of security owned:  Debt
Value of securities owned at period end ($000s):  2,901
 
 S 8: 
Sales and Repurchases 
 
28.
Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
 
1st Month of period:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 184,881
      Reinvestment of dividends and distributions ................
 17,330
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 105,850
2nd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 656,731
      Reinvestment of dividends and distributions ................
 16,738
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 187,456
3rd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,000,920
      Reinvestment of dividends and distributions ................
 16,251
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 383,477
4th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 590,393
      Reinvestment of dividends and distributions ................
 16,888
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 228,512
5th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 502,451
      Reinvestment of dividends and distributions ................
 152,700
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 327,056
6th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 219,975
      Reinvestment of dividends and distributions ................
 16,781
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 589,383

Total of all months:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 3,155,351
      Reinvestment of dividends and distributions ................
 236,688
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 1,821,734

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s):  0
 
 S 8: 
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) 
 
37.
Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period?  No
 
39.
Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period?  Yes
 
 S 8: 
Payment Plan for the Distribution of Fund Shares 
 
40.
During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1?  No
 
 S 8: 
Advisory Fee 
 
45.
Did the Registrant/Series have an advisory contract during the period?  No
 
 S 8: 
Miscellaneous Info 
 
55.
Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
    Overdrafts?  No
    Bank loans?  No
 
56.
During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies?  Yes
 
57.
Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend?  No
 
 S 8: 
Classification and Asset Allocation 
 
62.
Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities?  Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ...............................      0.0%
U.S. Government Agency ......................      0.2
Repurchase agreements .......................      0.1
State and Municipal – tax-free ..............      0.0
Bank certificates of deposit – domestic .....      0.0
Bank certificates of deposit – foreign ......      0.0
Bankers acceptances .........................      0.0
Commercial paper – taxable ..................      0.0
Time deposits ...............................      0.0
Options .....................................      0.0
All other ...................................      0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ...............................    84.7%
U.S. Government Agency ......................    14.1
State and Municipal – tax-free ..............      0.0
Corporate ...................................      0.0
All other ...................................      0.0

Non-Debt
Investments other than debt securities ......      0.0%
 
63.
The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
    Days:     0
    Years:    6.5
 
64.
Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer?  Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end?  No
 
 S 8: 
Investment Practices 
 
70.
Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity                                            Permitted Engaged In
Writing or investing in repurchase agreements?           Yes to both
Writing or investing in options on equities?             No        –
Writing or investing in options on debt securities?      Yes      No
Writing or investing in options on stock indices?        No        –
Writing or investing in interest rate futures?           Yes to both
Writing or investing in stock index futures?             No        –
Writing or investing in options on futures?              Yes      No
Writing or investing in options on stock index futures?  No        –
Writing or investing in other commodity futures?         No        –
Investments in restricted securities?                    Yes      No
Investments in shares of other investment companies?     Yes      No
Investments in securities of foreign issuers?            No        –
Currency exchange transactions?                          No        –
Loaning portfolio securities?                            Yes      No
Borrowing of money?                                      Yes      No
Purchases/sales by certain exempted affiliated persons?  Yes      No
Margin purchases?                                        No        –
Short selling?                                           No        –
 
 S 8: 
Portfolio Turnover 
 
71.
Portfolio turnover rate for the period:
 
Purchases ($000s):  6,792,820
Sales ($000s):      5,114,659

Monthly average Value of portfolio ($000s):  5,829,475

Percent turnover (lesser of Purchases or Sales, divided by Value):  88%
 
 S 8: 
Financial Info — Income and Expenses 
 
72.
The number of months covered by the values in Items 72 and 73:  12

Income  ($000s)
Net interest income ..............................................
 229,006
Net dividend income ..............................................
 –
Account maintenance fees .........................................
 –
Net other income .................................................
 –

Expenses  ($000s)
Advisory fees ....................................................
 568
Administrator fees ...............................................
 4,458
Salaries and other compensation ..................................
 –
Shareholder Servicing Agent fees .................................
 3,621
Custodian fees ...................................................
 74
Postage ..........................................................
 –
Printing expenses ................................................
 102
Directors’ fees ..................................................
 7
Registration fees ................................................
 –
Taxes ............................................................
 –
Interest .........................................................
 –
Bookkeeping fees paid to anyone performing this service ..........
 –
Auditing fees ....................................................
 28
Legal fees .......................................................
 –
Marketing/distribution payments, incl. Rule 12b-1 plan payments ..
 1,542
Amortization of organization expenses ............................
 –
Shareholder meeting expenses .....................................
 –
Other expenses ...................................................
 –
Total expenses ...................................................
 10,400

Expense reimbursements ($000s):   0

Net investment income ($000s):    218,606

Realized capital gains ($000s):   312,274
Realized capital losses ($000s):  44,340

Net unrealized appreciation during the period ($000s):  0
Net unrealized depreciation during the period ($000s):  11,760

Total income dividends for which the record date passed during the
period ($000s):  93,987
Dividends for a second class of shares ($000s):  134,097

Total capital gains distributions for which the record date passed
during the period ($000s):  154,385
 
73.
Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income:    $0.4280
Dividends for a second class of shares:  $0.4440

Distribution of capital gains:  $0.2440
Other distributions:            $0.0000
 
 S 8: 
Financial Info — Condensed Balance Sheet Data 
 
74.
Assets  ($000s)
Cash .............................................................
 1
Repurchase agreements ............................................
 2,901
Short-term debt securities, other than repurchase agreements .....
 13,655
Long-term debt securities, including convertible debt ............
 7,180,578
Preferred, conv. preferred and adjustable-rate preferred stock ...
 –
Common stock .....................................................
 –
Options on equities ..............................................
 –
Options on all futures ...........................................
 –
Other investments ................................................
 2,019
Receivables from portfolio instruments sold ......................
 –
Receivables from affiliated persons ..............................
 –
Other receivables ................................................
 105,611
All other assets .................................................
 –
Total assets .....................................................
 7,304,765

Liabilities  ($000s)
Payables for portfolio instruments purchased .....................
 –
Amounts owed to affiliated persons ...............................
 4,183
Senior long-term debt ............................................
 –
Other liabilities:
  Reverse repurchase agreements ..................................
 –
  Short sales ....................................................
 –
  Written options ................................................
 –
  All other liabilities ..........................................
 34,800

Equity  ($000s)
Senior equity ....................................................
 –
Net assets of common shareholders ................................
 7,265,782

Number of shares outstanding (000s):   254,572
Number of shares outstanding of a second class of shares (000s):  362,173

Net Asset Value (NAV) per share (to nearest cent):  $11.78
NAV per share of a second class of shares (to nearest cent):  $11.78

Total number of shareholder accounts:  110,047

Total value of assets in segregated accounts ($000s):  5,551
 
75.
Monthly average net assets during the period ($000s):  6,163,338
 
 Series 9
↑Information Common to All Funds/Series  ↑List of 9 Funds/Series 
 
 7.
Name:         Vanguard Intermediate-Term Investment-Grade [ now
              Vanguard Intermediate-Term Investment-Grade Fund ] — S#2586 ⇒ VFIDX & VFICX

Is this the final Form N-SAR filed for this Fund/Series?  No
 
 S 9: 
Investment Adviser 
 
 8.1
Name:         The Vanguard Group, Inc.
Role:         Adviser
SEC File #:   801-11953
Location:     Malvern, PA
 
 S 9: 
Custodian 
 
15.1
Name:         The Bank of New York
Role:         Custodian
Location:     New York, NY

Type of custody:  Section 17(f)(1) — Bank
 
 S 9: 
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers 
 
24.
At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities?  Yes

25.

The brokers or dealers, or their parents (issuers):
 
25.1
Name:         Credit Suisse Securities (USA) LLC
IRS #:        13-5659485
Type of security owned:  Debt
Value of securities owned at period end ($000s):  105,380
 
25.2
Name:         Lehman Brothers Inc.
IRS #:        13-2518466
Type of security owned:  Debt
Value of securities owned at period end ($000s):  5,235
 
25.3
Name:         Lehman Brothers Inc.
IRS #:        13-2518466
Type of security owned:  Equity
Value of securities owned at period end ($000s):  6
 
25.4
Name:         J.P. Morgan Securities Inc.
IRS #:        13-3224016
Type of security owned:  Debt
Value of securities owned at period end ($000s):  142,272
 
25.5
Name:         Banc of America Securities LLC
IRS #:        56-2058405
Type of security owned:  Debt
Value of securities owned at period end ($000s):  145,953
 
25.6
Name:         Deutsche Bank Securities Inc.
IRS #:        13-2730828
Type of security owned:  Debt
Value of securities owned at period end ($000s):  84,955
 
25.7
Name:         Banc of America Securities LLC
IRS #:        56-2058405
Type of security owned:  Equity
Value of securities owned at period end ($000s):  1,922
 
25.8
Name:         Citigroup Global Markets Inc.
IRS #:        13-2919773
Type of security owned:  Debt
Value of securities owned at period end ($000s):  181,788
 
25.9
Name:         Barclays Capital Inc.
IRS #:        13-3410233
Type of security owned:  Debt
Value of securities owned at period end ($000s):  5,700
 
25.10
Name:         BNP Paribas Securities Corp.
IRS #:        13-3235334
Type of security owned:  Debt
Value of securities owned at period end ($000s):  8,838
 
25.11
Name:         UBS Securities LLC
IRS #:        13-3873456
Type of security owned:  Debt
Value of securities owned at period end ($000s):  63,575
 
 S 9: 
Sales and Repurchases 
 
28.
Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
 
1st Month of period:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 135,240
      Reinvestment of dividends and distributions ................
 23,164
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 103,542
2nd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 155,533
      Reinvestment of dividends and distributions ................
 22,080
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 174,657
3rd Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 318,114
      Reinvestment of dividends and distributions ................
 22,392
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 306,865
4th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 377,314
      Reinvestment of dividends and distributions ................
 21,884
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 149,549
5th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,406,969
      Reinvestment of dividends and distributions ................
 24,091
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 350,514
6th Month:
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 1,480,480
      Reinvestment of dividends and distributions ................
 27,860
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 213,016

Total of all months:  ($000s)
    Total NAV of shares sold:
      New sales (including exchanges) ............................
 3,873,650
      Reinvestment of dividends and distributions ................
 141,471
      Other ......................................................
 –
    Total NAV of shares redeemed & repurchased (inc. exchanges) ..
 1,298,143

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s):  0
 
 S 9: 
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) 
 
37.
Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period?  No
 
39.
Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period?  Yes
 
 S 9: 
Payment Plan for the Distribution of Fund Shares 
 
40.
During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1?  No
 
 S 9: 
Advisory Fee 
 
45.
Did the Registrant/Series have an advisory contract during the period?  No
 
 S 9: 
Miscellaneous Info 
 
55.
Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
    Overdrafts?  No
    Bank loans?  No
 
56.
During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies?  Yes
 
57.
Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend?  No
 
 S 9: 
Classification and Asset Allocation 
 
62.
Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities?  Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ...............................      0.0%
U.S. Government Agency ......................      0.0
Repurchase agreements .......................      0.0
State and Municipal – tax-free ..............      0.5
Bank certificates of deposit – domestic .....      0.0
Bank certificates of deposit – foreign ......      0.0
Bankers acceptances .........................      0.0
Commercial paper – taxable ..................      0.0
Time deposits ...............................      0.0
Options .....................................      0.0
All other ...................................      0.9

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ...............................      9.4%
U.S. Government Agency ......................      0.6
State and Municipal – tax-free ..............      0.0
Corporate ...................................    82.4
All other ...................................      1.7

Non-Debt
Investments other than debt securities ......      5.0%
 
63.
The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
    Days:     0
    Years:    6.4
 
64.
Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer?  No

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end?  No
 
 S 9: 
Investment Practices 
 
70.
Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity                                            Permitted Engaged In
Writing or investing in repurchase agreements?           Yes      No
Writing or investing in options on equities?             No        –
Writing or investing in options on debt securities?      Yes      No
Writing or investing in options on stock indices?        No        –
Writing or investing in interest rate futures?           Yes to both
Writing or investing in stock index futures?             No        –
Writing or investing in options on futures?              Yes      No
Writing or investing in options on stock index futures?  No        –
Writing or investing in other commodity futures?         No        –
Investments in restricted securities?                    Yes to both
Investments in shares of other investment companies?     Yes to both
Investments in securities of foreign issuers?            Yes to both
Currency exchange transactions?                          Yes      No
Loaning portfolio securities?                            Yes      No
Borrowing of money?                                      Yes      No
Purchases/sales by certain exempted affiliated persons?  Yes to both
Margin purchases?                                        No        –
Short selling?                                           No        –
 
 S 9: 
Portfolio Turnover 
 
71.
Portfolio turnover rate for the period:
 
Purchases ($000s):  5,466,922
Sales ($000s):      2,850,207

Monthly average Value of portfolio ($000s):  5,920,337

Percent turnover (lesser of Purchases or Sales, divided by Value):  48%
 
 S 9: 
Financial Info — Income and Expenses 
 
72.
The number of months covered by the values in Items 72 and 73:  12

Income  ($000s)
Net interest income ..............................................
 348,974
Net dividend income ..............................................
 2,800
Account maintenance fees .........................................
 –
Net other income .................................................
 –

Expenses  ($000s)
Advisory fees ....................................................
 581
Administrator fees ...............................................
 3,731
Salaries and other compensation ..................................
 –
Shareholder Servicing Agent fees .................................
 3,419
Custodian fees ...................................................
 63
Postage ..........................................................
 –
Printing expenses ................................................
 109
Directors’ fees ..................................................
 7
Registration fees ................................................
 –
Taxes ............................................................
 –
Interest .........................................................
 –
Bookkeeping fees paid to anyone performing this service ..........
 35
Auditing fees ....................................................
 –
Legal fees .......................................................
 1,511
Marketing/distribution payments, incl. Rule 12b-1 plan payments ..
 –
Amortization of organization expenses ............................
 –
Shareholder meeting expenses .....................................
 –
Other expenses ...................................................
 –
Total expenses ...................................................
 9,456

Expense reimbursements ($000s):   0

Net investment income ($000s):    342,318

Realized capital gains ($000s):   156,563
Realized capital losses ($000s):  115,791

Net unrealized appreciation during the period ($000s):  0
Net unrealized depreciation during the period ($000s):  832,263

Total income dividends for which the record date passed during the
period ($000s):  145,534
Dividends for a second class of shares ($000s):  197,306

Total capital gains distributions for which the record date passed
during the period ($000s):  30,909
 
73.
Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income:    $0.5060
Dividends for a second class of shares:  $0.5150

Distribution of capital gains:  $0.0500
Other distributions:            $0.0000
 
 S 9: 
Financial Info — Condensed Balance Sheet Data 
 
74.
Assets  ($000s)
Cash .............................................................
 –
Repurchase agreements ............................................
 –
Short-term debt securities, other than repurchase agreements .....
 119,019
Long-term debt securities, including convertible debt ............
 7,841,580
Preferred, conv. preferred and adjustable-rate preferred stock ...
 33,719
Common stock .....................................................
 –
Options on equities ..............................................
 –
Options on all futures ...........................................
 –
Other investments ................................................
 387,136
Receivables from portfolio instruments sold ......................
 12,201
Receivables from affiliated persons ..............................
 –
Other receivables ................................................
 169,951
All other assets .................................................
 –
Total assets .....................................................
 8,563,606

Liabilities  ($000s)
Payables for portfolio instruments purchased .....................
 185,270
Amounts owed to affiliated persons ...............................
 7,103
Senior long-term debt ............................................
 –
Other liabilities:
  Reverse repurchase agreements ..................................
 –
  Short sales ....................................................
 –
  Written options ................................................
 –
  All other liabilities ..........................................
 29,641

Equity  ($000s)
Senior equity ....................................................
 –
Net assets of common shareholders ................................
 8,341,592

Number of shares outstanding (000s):   413,830
Number of shares outstanding of a second class of shares (000s):  551,254

Net Asset Value (NAV) per share (to nearest cent):  $8.64
NAV per share of a second class of shares (to nearest cent):  $8.64

Total number of shareholder accounts:  115,997

Total value of assets in segregated accounts ($000s):  12,599
 
75.
Monthly average net assets during the period ($000s):  6,266,778
 
 Signature 
 
↑Top of Form N-SAR 
     
                                                                               
/s/      Nancy McCoy      
Name:   Nancy McCoy
Title:  Manager