VGRO Vanguard Growth ETF Portfolio

Vanguard Investments Canada Inc. today announced the final December 2022 cash distributions for certain Vanguard ETFs, listed below, that trade on Toronto Stock Exchange (TSX).

Unitholders of record on December 30, 2022 will receive cash distributions payable on January 09, 2023. Please be advised that the distributions announced in this press release replace those stated in the December 21, 2022 press release for these funds.

Details of the “per unit” distribution amounts are as follows:

Vanguard ETF®	TSX Ticker Symbol	Distribution per Unit ($)	CUSIP	ISIN	Payment Frequency
Vanguard FTSE Canada Index ETF	VCE	0.3598730	92203U105	CA92203U1057	Quarterly
Vanguard FTSE Canada All Cap Index ETF	VCN	0.3054506	92205P104	CA92205P1045	Quarterly
Vanguard FTSE Canadian High Dividend Yield Index ETF	VDY	0.1479730	92203Q104	CA92203Q1046	Monthly
Vanguard FTSE Canadian Capped REIT Index ETF	VRE	0.3204194	92203B107	CA92203B1076	Monthly
Vanguard U.S. Total Market Index ETF	VUN	0.2781500	92206D100	CA92206D1006	Quarterly
Vanguard U.S. Total Market Index ETF (CAD-hedged)	VUS	0.2731530	92206B104	CA92206B1040	Quarterly
Vanguard S&P 500 Index ETF	VFV	0.3656860	92205Y105	CA92205Y1051	Quarterly
Vanguard S&P 500 Index ETF (CAD-hedged)	VSP	0.2547861	92206A106	CA92206A1066	Quarterly
Vanguard U.S. Dividend Appreciation Index ETF	VGG	0.3041060	92206F105	CA92206F1053	Quarterly
Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged)	VGH	0.2092910	92206E108	CA92206E1088	Quarterly
Vanguard FTSE Developed All Cap ex North America Index ETF	VIU	0.1879716	92204G105	CA92204G1054	Quarterly
Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)	VI	0.2235836	92206P103	CA92206P1036	Quarterly
Vanguard FTSE Developed All Cap ex U.S. Index ETF	VDU	0.3203150	92206W108	CA92206W1086	Quarterly
Vanguard FTSE Developed All Cap ex U.S. Index ETF (CAD-hedged)	VEF	0.4323892	92207G102	CA92207G1028	Quarterly
Vanguard FTSE Developed ex North America High Dividend Yield Index ETF	VIDY	0.2773370	92202A100	CA92202A1003	Quarterly
Vanguard FTSE Developed Europe All Cap Index ETF	VE	0.1438401	92206M100	CA92206M1005	Quarterly
Vanguard FTSE Developed Asia Pacific All Cap Index ETF	VA	0.3334340	92206N108	CA92206N1087	Quarterly
Vanguard FTSE Emerging Markets All Cap Index ETF	VEE	0.4651535	92205X107	CA92205X1078	Quarterly
Vanguard FTSE Global All Cap ex Canada Index ETF	VXC	0.2461940	92206Q101	CA92206Q1019	Quarterly
Vanguard Canadian Aggregate Bond Index ETF	VAB	0.0404880	92203E101	CA92203E1016	Monthly
Vanguard Canadian Government Bond Index ETF	VGV	0.0343280	92210N102	CA92210N1024	Monthly
Vanguard Canadian Corporate Bond Index ETF	VCB	0.0433180	92210P107	CA92210P1071	Monthly
Vanguard Canadian Short-Term Bond Index ETF	VSB	0.0302614	92203G106	CA92203G1063	Monthly
Vanguard Canadian Short-Term Corporate Bond Index ETF	VSC	0.0415886	92203N101	CA92203N1015	Monthly
Vanguard Canadian Long-Term Bond Index ETF	VLB	0.0486820	92211H104	CA92211H1047	Monthly
Vanguard Balanced ETF Portfolio	VBAL	0.1674040	92207E107	CA92207E1079	Quarterly
Vanguard Conservative ETF Portfolio	VCNS	0.1617150	92207C101	CA92207C1014	Quarterly
Vanguard Growth ETF Portfolio	VGRO	0.1733070	92207X105	CA92207X1050	Quarterly
Vanguard Conservative Income ETF Portfolio	VCIP	0.1543269	92208H109	CA92208H1091	Quarterly
Vanguard All-Equity ETF Portfolio	VEQT	0.6724910	92201C107	CA92201C1077	Annually
Vanguard Retirement Income ETF Portfolio	VRIF	0.0903900	92211X109	CA92211X1096	Monthly
Vanguard Global Minimum Volatility ETF	VVO	0.5005600	92207Q100	CA92207Q1000	Annually
Vanguard Global Momentum Factor ETF	VMO	0.7227110	92207T104	CA92207T1049	Annually
Vanguard Global Value Factor ETF	VVL	1.0202250	92207U101	CA92207U1012	Annually

To learn more about the TSX-listed Vanguard ETFs, please visit www.vanguard.ca

About Vanguard

Canadians own CAD $72 billion in Vanguard assets, including Canadian and U.S.-domiciled ETFs and Canadian mutual funds. Vanguard Investments Canada Inc. manages CAD $51 billion in assets (as of November 30, 2022) with 37 Canadian ETFs and six mutual funds currently available. The Vanguard Group, Inc. is one of the world's largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages USD $7.5 trillion (CAD $10 trillion) in global assets, including over USD $2.1 trillion (CAD $2.9 trillion) in global ETF assets (as of November 30, 2022). Vanguard has offices in the United States, Canada, Mexico, Europe, Australia and Asia. The firm offers 431 funds, including ETFs, to its more than 30 million investors worldwide.

Vanguard operates under a unique operating structure. Unlike firms that are publicly held or owned by a small group of individuals, The Vanguard Group, Inc. is owned by Vanguard's U.S.-domiciled funds and ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure aligns Vanguard interests with those of its investors and drives the culture, philosophy, and policies throughout the Vanguard organization worldwide. As a result, Canadian investors benefit from Vanguard's stability and experience, low-cost investing, and client focus. For more information, please visit vanguard.ca.

For more information, please contact:Matt GierasimczukVanguard Canada Public RelationsPhone: 416-263-7087matthew_gierasimczuk@vanguard.com

Important information

Commissions, management fees, and expenses all may be associated with investment funds. Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus; please read it before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Vanguard funds are managed by Vanguard Investments Canada Inc. and are available across Canada through registered dealers.

London Stock Exchange Group companies include FTSE International Limited ("FTSE"), Frank Russell Company ("Russell"), MTS Next Limited ("MTS"), and FTSE TMX Global Debt Capital Markets Inc. ("FTSE TMX"). All rights reserved. "FTSE®", "Russell®", "MTS®", "FTSE TMX®" and "FTSE Russell" and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies and are used by FTSE, MTS, FTSE TMX and Russell under licence. All information is provided for information purposes only. No responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication. Neither the London Stock Exchange Group companies nor any of its licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Indexes or the fitness or suitability of the Indexes for any particular purpose to which they might be put.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by The Vanguard Group, Inc. (Vanguard). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Vanguard. Vanguard ETFs are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.