SEC Company Response from VANGUARD CHESTER FUNDS (CIK 0000752177) — Jun 21, 2022
VANGUARD CHESTER FUNDS (CIK 0000752177)
Date: June 21, 2022 · CIK: 0000752177 · Accession: 0001683863-22-005068
AI Filing Summary & Sentiment
Letter
Washington, DC 20549 File No. 002-92948 Post-Effective Amendment No. 90 – Vanguard Target Retirement 2070 Fund (the “Fund”)
RE: Vanguard Chester Funds
Dear Ms. Larkin,
This letter responds to your comments provided on February 23, 2022, to the above-referenced post-effective amendment.
Comment 1: Principal Investment Strategies
Comment: Consider clarifying that references to “stocks” mean common stocks as opposed to preferred stocks or other instruments.
Response: We have considered the comment and respectfully decline to revise the disclosure. We believe the current disclosure is clear as written, consistent with existing disclosure for other Vanguard Target Retirement Funds, and appropriately conforms to the requirements of Form N-1A.
Comment 2: Principal Investment Strategies
Comment: In the “Principal Investment Strategies” section, there is a sentence that refers to “investment-grade foreign bonds.” Consider clarifying if the other bonds listed are investment-grade.
Response: We have considered the comment and respectfully decline to revise the disclosure. We believe the current disclosure is clear as written, consistent with existing disclosure for other Vanguard Target Retirement Funds, and appropriately conforms to the requirements of Form N-1A.
Please contact me at elizabeth_bestoso@vanguard.com or (610) 669-2531 with any questions or comments regarding the above response.
Sincerely,
/s/ Elizabeth Bestoso
Show Raw Text
CORRESP
1
filename1.htm
Vanguard Target Retirement 2070 Fund Correspondence
June 21, 2022
Lisa N. Larkin, Esq.
U.S. Securities and Exchange Commission via electronic filing
100 F Street, N.E.
Washington, DC 20549
RE: Vanguard Chester Funds
File No. 002-92948
Post-Effective Amendment No. 90 – Vanguard Target Retirement 2070 Fund (the “Fund”)
Dear Ms. Larkin,
This letter responds to your comments provided on February 23, 2022, to the above-referenced post-effective amendment.
Comment 1: Principal Investment Strategies
Comment: Consider clarifying that references to “stocks” mean common stocks as opposed to preferred stocks or other instruments.
Response: We have considered the comment and respectfully decline to revise the disclosure. We believe the current disclosure is clear as written, consistent with existing disclosure for other Vanguard Target Retirement Funds, and appropriately conforms to the requirements of Form N-1A.
Comment 2: Principal Investment Strategies
Comment: In the “Principal Investment Strategies” section, there is a sentence that refers to “investment-grade foreign bonds.” Consider clarifying if the other bonds listed are investment-grade.
Response: We have considered the comment and respectfully decline to revise the disclosure. We believe the current disclosure is clear as written, consistent with existing disclosure for other Vanguard Target Retirement Funds, and appropriately conforms to the requirements of Form N-1A.
Please contact me at elizabeth_bestoso@vanguard.com or (610) 669-2531 with any questions or comments regarding the above response.
Sincerely,
/s/ Elizabeth Bestoso
Elizabeth Bestoso
Senior Counsel
The Vanguard Group, Inc.
1