497 1 f2772d1.htm WELLINGTON FUND 497
Vanguard Wellington™ Fund
Supplement Dated March 27, 2020 to the Prospectus and Summary Prospectus Dated March 27, 2020
Important Change to Vanguard Wellington Fund
Effective at the close of business on June 30, 2020, Edward P. Bousa will retire from Wellington Management Company LLP and will no longer serve as a portfolio manager for Vanguard Wellington Fund.
Loren L. Moran, Daniel J. Pozen, and Michael E. Stack, who currently serve as portfolio managers with Mr. Bousa, will remain as portfolio managers of the Fund upon Mr. Bousa's retirement. The Fund's investment objective, strategies, and policies will remain unchanged.