| October 25, 2018 | |
| U.S. Securities and Exchange Commission | |
| 100 F Street, N.E. | |
| Washington, DC 20549 | |
| Re: | Vanguard Specialized Funds (the “Trust”) |
| File No. 2-88116 | |
| Commissioners: | |
| Pursuant to Rule 497(e) under the Securities Act of 1933, we hereby file exhibits containing | |
| interactive data format risk/return summary information that reflects the risk/return summary | |
| information in the supplement dated October 4, 2018, filed pursuant to Rule 497(e), for the | |
| Vanguard Specialized Funds, series of the above mentioned Trust. | |
| If you have any questions or comments concerning the enclosed Amendment, please contact | |
| me at (610) 669-7310. | |
| Sincerely, | |
| Alexander F. Smith | |
| Associate Counsel | |
| The Vanguard Group, Inc. | |
| Enclosures | |
| cc: Lisa Larkin | |
| U.S. Securities and Exchange Commission | |