Change of Ownership Between Vanguard Nonretirement

Form NRCOO

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Change of Ownership Between Vanguard Nonretirement Accounts Form Effective May 2017 Use this form to move assets between two Vanguard accounts. Don’t use this form to transfer assets from another institution or to move retirement assets.

Questions? Call 800-992-8327. If you need other forms, go to vanguard.com/serviceforms.

If you have open orders on any holdings you want to move, we’ll cancel those orders before moving the assets to the receiving account. Important: Please contact our Transition Team at 888-237-9045 if you’re moving assets because a current account owner died. Print in capital letters and use black ink.

1. Account you want to move holdings from Vanguard account number

Provide the name exactly as it appears on the account. If the owner died, enter his or her name.

Owner, minor, trustee, or organization representative

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Name first, middle initial, last Name of trust, organization, or estate if applicable Last four digits of Social Security number or employer ID number

Zip code

Joint owner, custodian, co-trustee, or organization representative Provide the name exactly as it appears on the account. If the owner died, enter his or her name.

If you need more space to list additional owners, provide the information on a separate sheet.

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Name first, middle initial, last Last four digits of Social Security number or employer ID number

Zip code

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Form NRCOO

2. Account to move holdings to Check and complete one.

New Vanguard account Y ou can go to vanguard.com/us/openaccount to open an account. Otherwise, complete a Vanguard Brokerage Account application and submit it with this form. Provide the full, legal name.

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Name of owner, minor, trustee, or organization representative first, middle initial, last Name of trust, organization, or estate if applicable Last four digits of Social Security number or employer ID number

Provide the full, legal name.

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Name of joint owner, custodian, co-trustee, or organization representative first, middle initial, last Last four digits of Social Security number or employer ID number

Existing Vanguard account Account number Provide the name exactly as it appears on the account.

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Name of owner, minor, trustee, or organization representative first, middle initial, last Last four digits of Social Security number or employer ID number Name of trust, organization, or estate if applicable

Provide the name exactly as it appears on the account.

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Name of joint owner, custodian, co-trustee, or organization representative first, middle initial, last Last four digits of Social Security number or employer ID number

Return pages 1–5 of this form, even if some sections are left blank. 2 of 6

Form NRCOO

3. Holdings you want to move While we can split a position into fractional shares and move those shares, an account can’t hold a position of less than one full share. Any transferred position of less than one full share may be liquidated at the closing price on the day we process the transfer, commission-free. This may create a taxable event. If you’re moving assets from a brokerage account and you specify a dollar amount, the value of the holdings will be determined by the closing price as of the day preceding the day we process your request. If you’re moving assets from a Vanguard mutual fund account, the value of the holdings will be determined by the closing price on the day we process your request. Check one.

Move all of the holdings from the account number provided in Section 1. If you check this box, skip to Section 4. If you check this box, list the holdings below.

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Move only the holdings listed below from the account number provided in Section 1. ove only the money market M settlement fund.

For fixed income securities, indicate the face value under “Number of shares.” If you need more space to list additional holdings, either photocopy this section or attach additional sheets as necessary. Each sheet must be signed and dated and include the account number.

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Number of shares or Amount

$

or Percentage

Holding name, CUSIP, or ticker symbol










$

or Percentage

$






$

%

or Percentage

$

%

or Percentage

$

%

or Percentage


%

or Percentage

$

%

or Percentage

$

%

or Percentage

$

%

%

or Percentage

%

Complete this section for holdings that are using specific identification (SpecID) as the cost basis method. All shares acquired prior to January 1, 2012, will be displayed as one lot. This lot will be reported to you as average cost since Vanguard only has average cost records for these shares. If you use SpecID, you’ll need to use your own records to report these “noncovered shares” to the IRS. If you need more space to list additional holdings, either copy this section or attach additional sheets as necessary. Each sheet must be signed and dated and include the account number.

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Number of shares

Date acquired mm/dd/yyyy


Number of shares



Number of shares



Form NRCOO

4. Cost basis information If you’re moving assets from an individual, estate, minor, or guardian account because a current account owner is deceased, we’ll automatically designate the shares as inherited, using the date of death. The cost basis of the shares will be updated based on the fair market value on the date of death. If you’re moving assets from a joint or trust account because a current account owner is deceased, we won’t automatically designate the shares as inherited or adjust the cost basis of the shares based on the fair market value on the date of death if we can’t identify which securities have been transferred from the deceased owner. If you want to adjust the cost basis using an alternate estate valuation, also complete our Cost Basis Adjustment Form for Inherited Shares. We’ll apply the following default cost basis methods—unless you select a different method before the move: • For covered mutual fund shares (those acquired on or after January 1, 2012). Average cost method. • For all other covered securities (generally those acquired on or after January 1, 2011). First in, first out method. Important note about noncovered mutual fund shares (those acquired before January 1, 2012). We can only provide average cost information to you for noncovered shares. That’s because we won’t know which cost basis method the current owner might have used to report gains or losses to the IRS in the past or which tax lots remain in the account if the current owner sold some of the shares before 2012. Even if you indicate an acquisition date for any noncovered holdings, we can only move the basis using the average cost method. To set or change your preferred cost basis method for each holding prior to the move, log on to your account at vanguard.com and from the My Accounts dropdown, select Account maintenance. Then, under Account profile, select Cost basis method and follow the instructions. Or, if you prefer, you may complete and submit our Cost Basis Method Election Form (available at vanguard.com/serviceforms). If you haven’t had any sales or transfers while using average cost as your cost basis method, you may select a new method. This new method will apply to all covered shares. If you’ve had any sales or transfers while using average cost as your cost basis method, you may choose a new method. Any shares purchased after the change will apply the new method.

Cost basis information for gifted or inherited shares If you’re gifting shares, Vanguard is required to calculate the cost basis of the transferred securities according to the reporting rules for gifted shares. We’ll deem this transfer as a gift unless any of the following is true. Note: We won’t adjust the basis of securities for gift tax paid, if any.

Check any that apply. he transferring account and receiving account have an owner in common. If there is a T common owner, the transfer won’t be processed as a gift. ransfers from my account to this recipient (for example, to my spouse*) are ineligible for giftT related basis adjustments. T he transfer is from a joint account with a deceased owner. The decedent was married to the surviving joint owner at the time of death. T he transfer is from a joint account with a deceased owner. The decedent wasn’t married to the surviving joint owner at the time of death. T he transfer is from the account of a deceased owner or a deceased owner’s estate. (Contact us to determine additional documents that may need to be submitted.) Date of death mm/dd/yyyy

heck this box if you’d like us to return the C documentation to you at the mailing address we have on file for the receiving account.

*For federal tax purposes.

You must sign on page 5. 4 of 6

Form NRCOO

5. Signatures and authorizations

Read carefully before signing.

Important: A signature guarantee is required if the owners on the receiving account differ from the originating account. If a signature guarantee is required but not provided, your change of ownership request may be delayed. If you have any questions, call us at 800-992-8327. By signing below, you authorize Vanguard Marketing Corporation and The Vanguard Group Inc., to transfer the assets identified in Section 1 or Section 3 of this form. You understand that if you are directing the assets listed in Section 1 or Section 3 to a third party, you irrevocably relinquish all rights, title, and interest to those assets. Signature of owner, custodian, trustee, or organization representative

X

If the owner is a minor, a legal guardian or custodian must sign. If a signature guarantee is required, DO NOT sign this form until you’re in the presence of the authorized officer.

Date mm/dd/yyyy

Print name

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Signature of joint owner, co-trustee, or organization representative

Date mm/dd/yyyy

X Print name

heck this box if you intend to use voice verification in lieu of a signature guarantee. However, C you must be enrolled in the service. Once your paperwork has been received and reviewed, you’ll be contacted for verification prior to completing your request.

Signature guarantee Authorized officer’s title You can get a signature guarantee from an authorized officer of a bank, broker, and many other financial institutions. A notary public CANNOT provide a signature guarantee.

if required Signed guarantee stamp must be original

Name of institution

> Date mm/dd/yyyy

Print Form


Form NRCOO

Mailing information Make a copy of your completed form for your records. Mail pages 1–5 of your completed form and any other required information in the enclosed postagepaid envelope. If you don’t have a postage-paid envelope, mail to:

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Vanguard P.O. Box 1170 Valley Forge, PA 19482-1170

For overnight delivery, mail to:

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Vanguard 455 Devon Park Drive Wayne, PA 19087-1815

© 2017 The Vanguard Group, Inc. All rights reserved. NRCOO 052017

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Form CBIS

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Cost Basis Adjustment Form for Inherited Shares

Questions? Call 888-237-9045.

Use this form to request an adjustment to the cost basis for Vanguard brokerage and mutual fund accounts—excluding money market funds and retirement accounts—that have been transferred or otherwise distributed to you from a decedent.

If you need other forms, go to vanguard.com/serviceforms.

We automatically adjust the cost basis on inherited shares from a decedent’s individual account (if the date of death is on or after January 1, 2011, for Brokerage securities or on or after January 1, 2012, for Vanguard mutual funds) to the fair market value as of the date of death. You only need to complete this form if one or more of the following are true: • The alternate valuation date has been elected (see Section 2). • The decedent passed in 2010. • The inherited shares are being transferred from any account other than an account registered solely in the decedent’s name. • The authorized estate representative wishes to provide the valuation reported to the IRS. • The date of death is prior to 2011 for brokerage securities or 2012 for Vanguard mutual funds (except money market funds and retirement accounts). Don’t use this form if the estate elected not to use 2011 step-up rules. Consult your tax advisor. For more information, see IRS Publication 4895, Basis of Inherited Property Held by Decedents Who Died in 2010, which is available at irs.gov. For guidance on the tax consequences of adjusting cost basis for inherited shares, consult a qualified tax or financial advisor. Print in capital letters and use black ink.

1. Beneficiary/transferee account owner information Name of individual first, middle initial, last or trust or estate Last four digits of Social Security number or taxpayer/employer ID number Name of joint account owner, trustee, or authorized estate representative first, middle initial, last Street address City, state, zip Daytime phone area code, number, extension

Evening phone area code, number, extension

E-mail address

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Form CBIS

2. Your valuation date We’ll adjust the cost basis of the inherited shares to either the: Fair market value on the date of death or Fair market value on the alternate valuation date (AVD) if elected by the executor when completing the United States Estate (and Generation-Skipping Transfer) Tax Return (IRS Form 706). The AVD is generally the earlier of the date shares were distributed from the estate after the date of death or six months after the date of death. If the AVD wasn’t elected, the fair market value on the date of death will be used. Important: Only one valuation date can be elected for all inherited securities--either the date of death or alternate valuation date.

How the inherited shares identified on this form are to be valued Check only one box. Complete A below.

Skip to B on page 3.

> ■ A. Fair market value on date of death > ■ B. Fair market value on alternate valuation date

A. Fair market value on date of death Complete this section if you’re requesting a cost basis adjustment to the fair market value on the date of death for the inherited shares identified below. If you’re the authorized estate representative, rather than completing the table below you may specifically identify the shares to be adjusted by attaching a separate sheet that includes the account number, name of security, adjusted cost basis at the date of death, and date the shares were acquired. If provided, the authorized estate representative must sign in Section 3. Unless we receive such information in writing, we’ll rely upon the information provided below to calculate the requested cost basis adjustment to the fair market value at the date of death.

Decedent and inherited shares information Decedent’s account number

Beneficiary account number

Date of death mm/dd/yyyy

Decedent ownership %

Mutual fund/security name

Symbol

Number of shares transferred


Symbol



Symbol



Symbol



Symbol



Symbol


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Form CBIS

B. Fair market value on alternate valuation date Complete this section if you’re requesting a cost basis adjustment to the fair market value on the alternate valuation date for the inherited shares identified below or on an attached schedule. You must provide the alternate valuation in the table below for each security or attach a schedule detailing the alternate valuation date, adjusted cost basis, and number of shares received of each inherited security provided by the authorized estate representative as reported on the appropriate schedule of IRS Form 706 filed for the decedent’s estate.

Decedent and inherited shares information Decedent account number Beneficiary account number Date of death mm/dd/yyyy

Decedent ownership %


Symbol

Alternate valuation $

Alternate valuation date mm/dd/yyyy


Symbol

Symbol

Symbol

Symbol


Number of shares transferred Alternate valuation $













Symbol


We’ll adjust the cost basis of the inherited shares on our records to reflect the adjusted cost basis you provide, and we’ll report the cost basis information as may be required under the new federal cost basis reporting rules applicable to financial institutions. Because of the new rules, we won’t be able to honor cost basis adjustment requests valued as of the alternate valuation date without the schedule provided by the authorized estate representative. The authorized estate representative must sign in Section 3.

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Form CBIS

3. Authorization

Read carefully before signing.

All signers agree to the following by signing below: I understand that Vanguard is relying upon the information that I have provided to process my request to adjust the cost basis of inherited shares identified herein or on the schedules attached. I also understand that Vanguard is not responsible for the accuracy of and will not verify the information provided. I hereby hold The Vanguard Group, Inc., Vanguard Marketing Corporation, their affiliates, and each of the investment company members of The Vanguard Group, and their respective officers, directors, employees, and agents (collectively, “Vanguard”) harmless from and against all claims, costs, and expenses of any kind (including attorneys’ fees) incurred by Vanguard for relying in good faith upon this form and the information provided by me.

Important: If the alternate valuation date is requested and the authorized estate representative is providing valuation information in Section 2A or 2B, he or she must sign below.

Signature of current account owner or trustee

Date mm/dd/yyyy

Signature of joint account owner or co-trustee

Date mm/dd/yyyy

The authorized estate representative agrees to the following by signing below:

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I certify that I am the estate representative for the decedent’s estate identified in this form, and I am authorized to provide the information regarding cost basis of the inherited shares in accordance with the Internal Revenue Code of 1986, as amended, and the regulations thereunder. Note: If there are multiple authorized estate representatives, only one estate representative is required to sign below. However, all estate representatives will remain responsible for the information provided. Signature of authorized estate representative

Date mm/dd/yyyy

Mailing information Make a copy of your completed form for your records. Mail your completed form and any attached information in the enclosed postage-paid envelope. If you don’t have a postage-paid envelope, mail to:

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Vanguard P.O. Box 1110 Valley Forge, PA 19482-1110

For overnight delivery, mail to:

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Vanguard 455 Devon Park Drive Wayne, PA 19087-1815

Print Entire Kit

Print Form Vanguard Brokerage Services is a division of Vanguard Marketing Corporation, member FINRA and SIPC.

© 2011 The Vanguard Group, Inc. All rights reserved. CBIS 122011

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Change of Ownership Between Vanguard Nonretirement

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