0000932471-10-002403 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 30th, 2010 • Vanguard Specialized Funds • Delaware

THIS AGREEMENT is made as of this 1st day of August, 2010, between Vanguard Specialized Funds, a Delaware statutory trust (the “Trust”), and Wellington Management Company, LLP, a Massachusetts limited liability partnership (the “Advisor”).

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