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Fund Family Shareholder Association
PERFORMANCE REV I EW
VANGUARD EQUITY FUNDS
Fund (fund #)
Ticker Minimum
Loads Advice
7/31
Price
July
Return
YTD
Return
12-Mo.
Return
3-Year
Return
5-Year
Return
12-Mo.
Yield Risk
SECTOR
Energy (51)
VGENX
$3K
— Hold $72.99
-4.7% 8.8% 18.1% 5.2% 11.0% 1.5% 1.35
Precious Metals & Mining (53)
VGPMX
$3K
— Sell
$11.67
0.0% 12.9% 10.6% -20.2% -3.6% 0.0% 2.55
Health Care (52)
VGHCX
$3K
— Buy $204.99
-0.2% 14.3% 28.9% 23.3% 20.3% 1.1% 1.17
REIT Index (123)
VGSIX
$3K
— Hold $24.88
0.0% 17.6% 12.3% 11.1% 21.2% 3.6% 1.43
Global ex-U.S. Real Estate Index (738)
VGXRX
$3K 0.25%f/0.25%r
Hold $23.44
1.3% 8.4% 12.7% 8.6% — 3.3% 1.55
AGGRESSIVE GROWTH
Capital Opportunity (111)
(CLOSED)
VHCOX
$3K
— Buy
$49.78
-1.8% 7.8% 19.8% 19.8% 17.0% 0.1% 1.26
Explorer (24)
VEXPX
$3K
— Hold $100.16
-5.3% -3.1% 10.4% 14.5% 17.9% 0.0% 1.41
Explorer Value (1690)
VEVFX
$3K
— Hold $32.00
-4.7% 1.6% 12.9% 16.3% — 0.5% 1.26
MidCap Growth (301)
VMGRX
$3K
— Sell
$25.14
-2.6% 1.7% 12.4% 14.2% 17.7% 0.0% 1.23
SmallCap Growth Index (861)
VISGX
$3K
— Buy
$33.93
-5.2% -1.3% 10.4% 14.2% 18.8% 0.5% 1.40
SmallCap Index (48)
NAESX
$3K
— Hold $53.28
-4.9% 1.1% 12.6% 15.5% 18.7% 1.1% 1.31
SmallCap Value Index (860)
VISVX
$3K
— Hold $24.07
-4.7% 3.2% 14.4% 16.5% 18.3% 1.7% 1.29
Strategic Equity (114)
VSEQX
$3K
— Hold $31.81
-3.0% 6.0% 20.0% 19.0% 20.6% 1.1% 1.23
Strategic SmallCap Equity (615)
VSTCX
$3K
— Hold $31.09
-4.3% 2.6% 15.3% 17.2% 20.1% 0.7% 1.39
Admiral Tax-Managed SmallCap (116)
VTMSX
$10K
— Sell
$42.53
-5.4% -2.3% 11.1% 15.8% 18.2% 0.9% 1.38
GROWTH
Capital Value (328)
VCVLX
$3K
— Buy
$15.37
-4.2% 6.7% 18.8% 18.3% 18.7% 0.7% 1.35
Extended Market Index (98)
VEXMX
$3K
— Sell
$63.62
-4.4% 1.4% 13.3% 15.3% 18.6% 0.9% 1.30
Growth Index (9)
VIGRX
$3K
— Buy
$50.09
-1.6% 5.2% 19.4% 16.3% 17.3% 1.1% 1.10
MidCap Growth Index (832)
VMGIX
$3K
— Buy
$36.90
-2.5% 4.1% 14.1% 13.0% 18.4% 0.5% 1.19
MidCap Index (859)
VIMSX
$3K
— Hold $31.55
-2.5% 5.1% 16.3% 15.6% 19.1% 1.0% 1.10
MidCap Value Index (835)
VMVIX
$3K
— Hold $33.31
-2.5% 6.2% 18.4% 18.0% 19.6% 1.3% 1.08
Morgan Growth (26)
VMRGX
$3K
— Hold $26.32
-1.6% 2.8% 16.5% 14.1% 16.2% 0.6% 1.16
PRIMECAP (59)
(CLOSED)
VPMCX
—
— Buy $100.61
-0.8% 9.0% 24.4% 19.0% 17.4% 0.8% 1.02
PRIMECAP Core (1220)
(CLOSED)
VPCCX
—
— Buy
$21.13
-1.2% 8.7% 21.3% 17.7% 17.2% 0.8% 0.98
Selected Value (934)
VASVX
$3K
— Buy
$29.31
-3.5% 3.9% 17.9% 18.6% 19.1% 1.1% 1.07
Social Index (213)
VFTSX
$3K
— Buy
$12.24
-1.4% 5.5% 16.9% 18.0% 17.3% 1.2% 1.04
STAR Growth (122)
VASGX
$3K
— Sell
$28.57
-1.5% 4.5% 13.5% 11.0% 12.7% 2.0% 0.82
Admiral Tax-Mgd. Capital App. (5102)
VTCLX
$10K
— Sell
$98.74
-1.7% 5.4% 17.4% 16.8% 17.1% 1.4% 1.02
U.S. Growth (23)
VWUSX
$3K
— Sell
$29.80
-1.7% 3.9% 19.9% 16.0% 16.0% 0.4% 1.21
GROWTH & INCOME
500 Index (40)
VFINX
$3K
— Buy $178.32
-1.4% 5.6% 16.7% 16.7% 16.6% 1.7% 1.00
Convertible Securities (82)
VCVSX
$3K
— Buy
$14.17
-2.1% 4.7% 10.3% 9.7% 12.3% 2.9% 0.70
Diversified Equity (608)
VDEQX
$3K
— Sell
$31.78
-2.3% 4.0% 16.2% 16.4% 16.9% 0.9% 1.08
Dividend Appreciation Index (602)
VDAIX
$3K
— Buy
$30.16
-3.3% 1.1% 10.2% 14.1% 14.6% 1.9% 1.13
Dividend Growth (57)
VDIGX
$3K
— Buy
$21.68
-1.9% 2.7% 12.5% 15.9% 15.7% 1.9% 0.98
Equity Income (65)
VEIPX
$3K
— Buy
$30.81
-2.5% 4.9% 13.3% 17.6% 17.3% 2.5% 0.99
Growth & Income (93)
VQNPX
$3K
— Sell
$41.60
-1.0% 6.0% 17.0% 17.2% 16.8% 1.5% 1.00
High Dividend Yield Index (623)
VHDYX
$3K
— Hold $25.82
-1.7% 6.0% 14.0% 17.7% 17.1% 2.8% 1.01
LargeCap Index (307)
VLACX
$3K
— Buy
$35.83
-1.5% 5.5% 16.8% 16.5% 16.7% 1.7% 1.00
Market Neutral (634)
VMNFX
$250K
— Sell
$11.44
0.9% 3.7% 7.5% 3.8% 3.2% 0.0% 0.44
STAR Moderate Growth (914)
VSMGX
$3K
— Sell
$23.88
-1.1% 4.4% 11.1% 9.1% 10.8% 2.0% 0.64
Total Stock Market Index (85)
VTSMX
$3K
— Hold $48.53
-2.0% 4.8% 16.2% 16.4% 17.0% 1.7% 1.03
U.S. Value (124)
VUVLX
$3K
— Hold $16.63
-2.5% 6.7% 15.5% 18.8% 17.6% 1.7% 1.11
Value Index (6)
VIVAX
$3K
— Hold $31.18
-1.3% 5.8% 14.7% 16.7% 16.2% 2.1% 1.02
Windsor (22)
VWNDX
$3K
— Hold $21.44
-2.6% 6.1% 16.7% 18.6% 17.2% 1.2% 1.08
Windsor II (73)
VWNFX
$3K
— Buy
$38.29
-2.1% 5.3% 14.5% 16.8% 16.0% 2.1% 0.98
BALANCED
Balanced Index (2)
VBINX
$3K
— Hold $28.47
-1.3% 4.4% 11.0% 11.1% 12.0% 1.7% 0.63
Managed Payout (1498)
VPGDX
$25K
— Sell
$19.03
-1.0% 4.8% 11.8% 8.9% 11.3% 5.2% 0.70
STAR (56)
VGSTX
$1K
— Hold $24.78
-1.3% 4.5% 12.8% 10.8% 11.6% 1.9% 0.69
STAR Conservative Growth (724)
VSCGX
$3K
— Sell
$18.63
-0.7% 4.3% 8.8% 6.9% 8.6% 2.0% 0.47
STAR Income (723)
VASIX
$3K
— Sell
$14.77
-0.3% 4.2% 6.5% 4.8% 6.4% 2.0% 0.34
Admiral Tax-Managed Balanced (103)
VTMFX
$10K
— Sell
$25.92
-0.7% 5.1% 11.6% 10.4% 10.7% 2.0% 0.57
Wellesley Income (27)
VWINX
$3K
— Hold $25.65
-1.0% 4.9% 8.5% 9.5% 10.4% 3.0% 0.46
Wellington (21)
VWELX
$3K
— Buy
$39.49
-1.0% 5.4% 12.0% 12.4% 12.5% 2.4% 0.65
TARGET RETIREMENT
Target Retirement 2060 (1691)
VTTSX
$1K
— — $27.98
-1.7% 4.6% 14.8% — — 1.3% 0.91
Target Retirement 2055 (1487)
VFFVX
$1K
— — $31.75
-1.7% 4.6% 14.7% 12.4% — 1.5% 0.91
Target Retirement 2050 (699)
VFIFX
$1K
— — $29.48
-1.7% 4.6% 14.7% 12.3% 13.7% 1.8% 0.91
Target Retirement 2045 (306)
VTIVX
$1K
— — $18.57
-1.7% 4.6% 14.7% 12.3% 13.7% 1.8% 0.92
Target Retirement 2040 (696)
VFORX
$1K
— — $29.61
-1.7% 4.6% 14.7% 12.3% 13.7% 1.7% 0.92
Target Retirement 2035 (305)
VTTHX
$1K
— — $17.75
-1.6% 4.5% 14.1% 11.7% 13.4% 1.8% 0.87
Target Retirement 2030 (695)
VTHRX
$1K
— — $28.88
-1.4% 4.5% 13.2% 11.0% 12.7% 1.7% 0.79
Target Retirement 2025 (304)
VTTVX
$1K
— — $16.45
-1.3% 4.4% 12.2% 10.3% 12.0% 1.7% 0.73
Target Retirement 2020 (682)
VTWNX
$1K
— — $28.30
-1.2% 4.4% 11.4% 9.6% 11.3% 1.7% 0.66
Target Retirement 2015 (303)
VTXVX
$1K
— — $15.40
-1.0% 4.3% 10.2% 8.6% 10.4% 1.7% 0.58
Target Retirement 2010 (681)
VTENX
$1K
— — $26.62
-0.7% 4.0% 8.5% 7.3% 9.3% 1.6% 0.47
Target Retirement Income (308)
VTINX
$1K
— — $12.87
-0.5% 3.8% 7.2% 6.1% 7.8% 1.6% 0.40
Our ratings:
BUY: Best choice. Generally funds held in our Model Portfolios or funds with similar objectives. HOLD: Current prospects for the fund are not as good as those with a Buy rating. However, investors
who own shares in the fund may wish to assess tax costs of trading into a Buy-rated fund. SELL: The fund’s long-term prospects are not as compelling as other funds’, or other factors may make the fund unattract-
ive compared to alternatives. “+” is a rating upgrade over the previous month; “-” is a downgrade.
Investors should weigh all tax implications of fund switches before making a sale or purchase. Some closed funds are available for purchase by high-net-worth investors. All funds charge a $20 annual account fee
unless you have $10,000 in the fund, $100,000 with Vanguard or accept all paperwork through online means.
