Martha King

Martha King is managing director of Vanguard Institutional Investor Group. She is responsible for ongoing service and business development for all of Vanguard’s institutional clients. Ms. King joined Vanguard in 1985. Before her current role, she served as head of U.S. Financial Intermediaries and managing director of Vanguard Financial Advisor Services™. Other prior roles include oversight of the Institutional Investment Only business, head of Vanguard’s Arizona operation, and head of Institutional Sales in the western and central regions of the United States. Ms. King earned a B.S. from Bloomsburg University of Pennsylvania and completed the advanced management program at The Wharton School of the University of Pennsylvania.

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Visit institutional.vanguard.com to obtain a prospectus or, if available, a summary prospectus, which contains investment objectives, risks, charges, expenses, and other information; read and consider it carefully before investing.

Investments in bond funds are subject to interest rate, credit, and inflation risk.

Diversification does not ensure a profit or protect against a loss.

Foreign investing involves additional risks including currency fluctuations and political uncertainty.

Stocks of companies in emerging markets are generally more risky than stocks of companies in developed countries.

All investing is subject to risk, including the possible loss of the money you invest.

Vanguard Marketing Corporation, Distributor.

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