Explanatory Note
This Post-Effective Amendment No. 177 under the Securities Act of 1933, as amended (the “Securities Act”) (Amendment No. 177 under the Investment Company Act of 1940, as amended (the “1940 Act”)) to the registration statement on Form N-1A (the “Registration Statement”) of Vanguard World Fund (the “Trust”) is being filed pursuant to paragraph (b)(1)(iii) of Rule 485 under the Securities Act solely for the purpose of delaying, until September 29, 2025, the pending effective date of the Trust’s Post-Effective Amendment No. 176.
Post-Effective Amendment No. 176 was filed under Rule 485(b)(1)(iii) on August 12, 2025 for the sole purpose of delaying the effectiveness of the Trust’s Post-Effective Amendment No. 175 until September 11, 2025.
Post-Effective Amendment No. 175 was filed under Rule 485(a)(2) on May 30, 2025, to register shares of Vanguard Emerging Markets Ex-China ETF, a new series of the Trust. Post-Effective Amendment No. 175 originally requested that the Amendment become effective August 13, 2025, pursuant to the requirements of Rule 485(a)(1).
This Post-Effective Amendment No. 177 incorporates by reference the information contained in Parts A and B of Post-Effective Amendment No. 175 to the Trust’s Registration Statement, and Part C is filed herewith.
PART C
VANGUARD WORLD FUND
OTHER INFORMATION
Item 28. Exhibits
(a)Articles of Incorporation, Amended and Restated Agreement and Declaration of Trust, to be filed by amendment.
(b)By-Laws, Amended and Restated By-Laws, filed with Post-Effective Amendment No. 173 dated November 22, 2024, is hereby incorporated by reference.
(c)Instruments Defining Rights of Security Holders, reference is made to Articles III and V of the Registrant’s Amended and Restated Agreement and Declaration of Trust, refer to Exhibit (a) above.
(d)Investment Advisory Contracts, for Wellington Management Company LLP (with respect to Vanguard U.S. Growth Fund), filed with Post-Effective Amendment No. 117 dated December 15, 2010; for Baillie Gifford Overseas
Ltd. and Schroder Investment Management North America Inc. (each with respect to Vanguard International Growth Fund), filed with Post-Effective Amendment No. 118 dated April 8, 2011; for Jennison Associates LLC (with respect to Vanguard U.S. Growth Fund), filed with Post-Effective Amendment No. 135 dated April 22, 2014; for Wellington Management Company LLP (with respect to Vanguard Global Wellington Fund and Vanguard Global Wellesley Income Fund), filed with Post-Effective Amendment No. 146 on October 6, 2017; for Schroder Investment Management North America Inc. Sub-Advisory Agreement with Schroder Investment Management North America Limited (with respect to Vanguard International Growth Fund), filed with Post-Effective Amendment No. 165 dated December 20, 2019; and for Ballie Gifford Overseas Ltd. (with respect to Vanguard U.S. Growth Fund), filed with Post-Effective Amendment No. 174 on December 20, 2024, are hereby incorporated by reference. Amendments to the Investment Advisory Agreements for Baillie Gifford Overseas Ltd. (with respect to Vanguard International Growth Fund), Jennison Associates LLC, Schroder Investment Management North America Inc., and Wellington Management Company LLP, filed with Post-Effective Amendment No. 172 dated December 22, 2023, are hereby incorporated by reference. The Vanguard Group, Inc., provides investment advisory services to Vanguard FTSE Social Index Fund, Vanguard U.S. Sector Index Funds, Vanguard Extended Duration Treasury Index Fund, Vanguard Mega Cap Index Funds, Vanguard ESG U.S. Stock ETF, Vanguard ESG International Stock ETF, Vanguard ESG U.S. Corporate Bond ETF, and Vanguard Emerging Markets Ex-China ETF pursuant to the Fifth Amended and Restated Funds’ Service Agreement, refer to Exhibit (h) below.
(e)Underwriting Contracts, not applicable.
(f)Bonus or Profit Sharing Contracts, reference is made to the section entitled “Management of the Funds” in Part B of this Registration Statement.
(g)Custodian Agreements, for The Bank of New York Mellon, filed with Post-Effective Amendment No. 174 dated December 20, 2024, is hereby incorporated by reference. State Street Bank and Trust Company and JPMorgan Chase Bank, N.A., are to be filed by amendment.
(h)Other Material Contracts, Form of Authorized Participant Agreement, filed with Post-Effective Amendment No. 117 dated December 15, 2010; Fifth Amended and Restated Funds’ Service Agreement, filed with Post-Effective Amendment No. 169 dated December 22, 2020; and Form of Fund of Funds Investment Agreement, filed with Post-Effective Amendment No. 171 dated December 21, 2022, are hereby incorporated by reference.
(i)Legal Opinion, not applicable.
(j)Other Opinions, Consent of Independent Registered Public Accounting Firm, not applicable.
(k)Omitted Financial Statements, not applicable.
(l)Initial Capital Agreements, not applicable.
(m)Rule 12b-1 Plan, not applicable.
(n)Rule 18f-3 Plan, Vanguard Funds Multiple Class Plan, to be filed by amendment.
(o)Reserved.
C-1
(p)Codes of Ethics, for Schroder Investment Management North America, Inc., filed with Post-Effective Amendment No. 171 dated December 21, 2022; Schroder Investment Management North America Limited, filed with Post-Effective Amendment No. 172 dated December 22, 2023; and for Jennison Associates LLC, Baillie Gifford Overseas Ltd., The Vanguard Group, Inc., and Wellington Management Company LLP, filed with Post-Effective Amendment No. 173 dated November 22, 2024, are hereby incorporated by reference.
Item 29. Persons Controlled by or under Common Control with Registrant
None.
Item 30. Indemnification
The Registrant’s organizational documents contain provisions indemnifying Trustees and officers against liability incurred in their official capacities. Article VII, Section 2 of the Amended and Restated Agreement and Declaration of Trust provides that the Registrant may indemnify and hold harmless each and every Trustee and officer from and against any and all claims, demands, costs, losses, expenses, and damages whatsoever arising out of or related to the performance of his or her duties as a Trustee or officer. Article VI of the By-Laws generally provides that the Registrant shall indemnify its Trustees and officers, and may indemnify its underwriter or affiliated persons, from any liability arising out of their past or present service in that capacity. Among other things, this provision excludes any liability arising by reason of willful misfeasance, bad faith, gross negligence, or the reckless disregard of the duties involved in the conduct of the Trustee’s or officer’s office with the Registrant. In addition, the Registrant maintains liability insurance policies which, under certain circumstances, provides coverage to Trustees and officers.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the Securities Act) may be permitted for directors, officers, or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.
Item 31. Business and Other Connections of Investment Advisers
Wellington Management Company LLP (Wellington Management) is an investment adviser registered under the Investment Advisers Act of 1940, as amended (the Advisers Act). The list required by this Item 31 of officers and partners of Wellington Management, together with any information as to any business, profession, vocation, or employment of a substantial nature engaged in by such officers and partners during the past two years, is incorporated herein by reference from Form ADV filed by Wellington Management pursuant to the Advisers Act (SEC File No. 801-15908).
Schroder Investment Management North America Inc. (Schroders), is an investment adviser registered under the Advisers Act. The list required by this Item 31 of officers and directors of Schroders, together with any information as to any business, profession, vocation, or employment of a substantial nature engaged in by such officers and directors during the past two years, is incorporated herein by reference from Form ADV filed by Schroders pursuant to the Advisers Act (SEC File No. 801-15834).
Schroder Investment Management North America Limited (Schroder Limited), is an investment adviser registered under the Advisers Act. The list required by this Item 31 of officers and directors of Schroder Limited, together with any information as to any business, profession, vocation, or employment of a substantial nature engaged in by such officers and directors during the past two years, is incorporated herein by reference from Form ADV filed by Schroder Limited pursuant to the Advisers Act (SEC File No. 801-37163).
Baillie Gifford Overseas Ltd. (Baillie Gifford), is an investment adviser registered under the Advisers Act. The list required by this Item 31 of officers and directors of Baillie Gifford, together with any information as to any business, profession, vocation, or employment of a substantial nature engaged in by such officers and directors during the past two years, is incorporated by reference to Form ADV filed by Baillie Gifford pursuant to the Advisers Act (SEC File No. 801-21051).
Jennison Associates LLC (Jennison), is an investment adviser registered under the Advisers Act. The list required by this Item 31 of officers and directors of Jennison, together with any information as to any business, profession, vocation, or employment of a substantial nature engaged in by such officers and directors during the past two years, is incorporated herein by reference from Form ADV filed by Jennison pursuant to the Advisers Act (SEC File No. 801-5608).
The Vanguard Group, Inc. (Vanguard), is an investment adviser registered under the Advisers Act. The list required by this Item 31 of officers and directors of Vanguard, together with any information as to any business, profession, vocation, or
C-2
employment of a substantial nature engaged in by such officers and directors during the past two years, is incorporated herein by reference from Form ADV filed by Vanguard pursuant to the Advisers Act (SEC File No. 801-11953).
Item 32. Principal Underwriters
(a)Vanguard Marketing Corporation, a wholly owned subsidiary of The Vanguard Group, Inc., is the principal underwriter of each fund within the Vanguard group of investment companies, a family of over 200 funds.
(b)The principal business address of each named director and officer of Vanguard Marketing Corporation is 100 Vanguard Boulevard, Malvern, PA 19355.
Name |
|
Positions and Office with Underwriter |
|
Positions and Office with Funds |
Matthew J. Benchener |
President and Chief Executive Officer |
|
None |
|
|
|
Designee |
|
|
John Bendl |
Senior Vice President |
Finance Director |
||
John E. Bisordi |
Vice President |
|
None |
|
Amma Boateng |
Vice President |
None |
||
Barbara Bock |
Controller |
|
None |
|
Jason Botzler |
Vice President |
None |
||
Matthew C. Brancato |
Vice President |
|
None |
|
Christine Buchanan |
Senior Vice President |
Chief Financial Officer |
||
Jacob Buttery |
Secretary |
None |
||
Sarah Green |
Anti-Money Laundering Officer |
None |
||
Kaitlyn Holmes |
Vice President |
None |
||
Paul M. Jakubowski |
Senior Vice President |
|
None |
|
Andrew Kadjeski |
Vice President |
|
None |
|
Amy M. Laursen |
Vice President |
|
None |
|
James D. Martielli |
Vice President |
None |
||
Janelle McDonald |
Vice President |
None |
||
Douglas R. Mento |
Vice President |
|
None |
|
Beth Morales Singh |
Assistant Secretary |
None |
||
Armond E. Mosley |
Vice President |
|
None |
|
Manish Nagar |
Chief Information Security Officer |
None |
||
Faith Nsereko |
Senior Vice President |
None |
||
Salvatore L. Pantalone |
Principal Financial Officer and Treasurer |
|
None |
|
David Petty |
Senior Vice President |
None |
||
Joanna Rotenberg |
Vice President |
None |
||
John E. Schadl |
Vice President |
|
Assistant Secretary |
|
Carrie Simons |
Assistant Secretary |
|
Assistant Secretary |
|
Michael Smolenski |
Vice President |
|
None |
|
Marc Stewart |
Chief Compliance Officer |
|
None |
|
Parks Strobridge |
Vice President |
None |
||
Nitin Tandon |
Chief Information Officer |
None |
||
Marisa Tilghman |
Senior Vice President |
|
None |
|
Matthew Tretter |
Principal Operations Officer |
|
None |
|
Lauren M. Valente |
Vice President |
None |
C-3
Name |
|
Positions and Office with Underwriter |
|
Positions and Office with Funds |
Massy Williams |
Vice President |
None |
(c)Not applicable.
Item 33. Location of Accounts and Records
The books, accounts, and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the rules promulgated thereunder will be maintained at the offices of the Registrant, 100 Vanguard Boulevard, Malvern, PA 19355; the Registrant’s Transfer Agent, The Vanguard Group, Inc., 100 Vanguard Boulevard, Malvern, PA 19355; the Registrant’s Custodians, State Street Bank and Trust Company, One Congress Street, Suite 1, Boston, MA 02114, JPMorgan Chase Bank, N.A., 383 Madison Avenue, New York, NY 10179, and The Bank of New York Mellon, 240 Greenwich Street, New York, NY 10286; and the Registrant’s investment advisors at their respective locations identified in this Registration Statement.
Item 34. Management Services
Other than as set forth in the section entitled “Management of the Funds” in Part B of this Registration Statement, the Registrant is not a party to any management-related service contract.
Item 35. Undertakings
Not applicable.
C-4
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant hereby certifies that it meets all requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Town of Valley Forge and the Commonwealth of Pennsylvania, on the 9th day of September, 2025.
VANGUARD WORLD FUND
BY: /s/ Salim Ramji*
Salim Ramji
Chief Executive Officer, President, and Trustee
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated:
Signature |
Title |
Date |
/s/ Salim Ramji* |
Chief Executive Officer, President, and |
September 9, 2025 |
|
Trustee |
|
Salim Ramji |
|
|
|
|
|
/s/ Tara Bunch* |
Trustee |
September 9, 2025 |
|
|
|
Tara Bunch |
|
|
/s/ Mark Loughridge* |
Independent Chair |
September 9, 2025 |
|
|
|
Mark Loughridge |
|
|
/s/ Scott C. Malpass* |
Trustee |
September 9, 2025 |
|
|
|
Scott C. Malpass |
|
|
/s/ John Murphy* |
Trustee |
September 9, 2025 |
|
|
|
John Murphy |
|
|
/s/ Lubos Pastor* |
Trustee |
September 9, 2025 |
|
|
|
Lubos Pastor |
|
|
/s/ Rebecca Patterson* |
Trustee |
September 9, 2025 |
|
|
|
Rebecca Patterson |
|
|
/s/ André F. Perold* |
Trustee |
September 9, 2025 |
|
|
|
André F. Perold |
|
|
/s/ Sarah Bloom Raskin* |
Trustee |
September 9, 2025 |
|
|
|
Sarah Bloom Raskin |
|
|
/s/ Grant Reid* |
Trustee |
September 9, 2025 |
|
|
|
Grant Reid |
|
|
/s/ David Thomas* |
Trustee |
September 9, 2025 |
|
|
|
David Thomas |
|
|
/s/ Barbara Venneman* |
Trustee |
September 9, 2025 |
|
|
|
Barbara Venneman |
|
|
Signature |
Title |
Date |
/s/ Peter F. Volanakis* |
Trustee |
September 9, 2025 |
|
|
|
Peter F. Volanakis |
|
|
/s/ Christine Buchanan* |
Chief Financial Officer |
September 9, 2025 |
|
|
|
Christine Buchanan |
|
|
*By: /s/ John E. Schadl
John E. Schadl, pursuant to a Power of Attorney filed on February 28, 2025 (see File Number 33-64845), Incorporated by Reference.