10
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Fund Family Shareholder Association
PERFORMANCE REV I EW
VANGUARD ADMIRAL FUNDS
Admiral Fund
(fund #)
Ticker
Min.
Loads
Advice
7/31
Price
July
Return
YTD
Return
12-Mo.
Return
3-Year
Return
5-Year
Return
12-Mo.
Yield
SEC
Yield
Risk
ADMIRAL SECTOR SHARES
Consumer Discret. Index (5483)
VCDAX $100K
— NA $55.42
-2.0% -0.9% 12.5% 20.1% 23.3% 0.9% — 1.33
Consumer Staples Index (5484)
VCSAX $100K
— NA $55.13
-3.6% 1.6% 7.4% 15.2% 15.6% 2.2% — 1.26
Energy (551)
VGELX
$50K
— NA $137.02
-4.7% 8.8% 18.2% 5.3% 11.0% 1.6% — 1.35
Energy Index (5480)
VENAX $100K
— NA $69.20
-3.8% 9.6% 19.2% 9.2% 15.2% 1.6% — 1.39
Financials Index (5486)
VFAIX
$100K
— NA $22.81
-1.9% 3.2% 10.7% 16.0% 13.7% 1.9% — 1.14
Health Care (552)
VGHAX $50K
— NA $86.49
-0.2% 14.3% 29.0% 23.3% 20.3% 1.2% — 1.17
Health Care Index (5485)
VHCIX $100K
— NA $55.67
-0.3% 10.1% 21.1% 23.6% 19.8% 1.0% — 1.23
Industrials Index (5482)
VINAX $100K
— NA $51.13
-4.5% -0.5% 16.3% 17.4% 19.2% 1.1% — 1.27
Info.Technology Index (5487)
VITAX $100K
— NA $49.79
0.5% 8.6% 26.2% 16.6% 16.9% 1.0% — 1.20
Materials Index (5481)
VMIAX $100K
— NA $55.50
-2.5% 5.6% 21.3% 11.3% 15.3% 1.7% — 1.24
REIT Index (5123)
VGSLX
$10K
— Hold $106.18
0.1% 17.8% 12.5% 11.2% 21.3% 3.7% — 1.43
Global ex-U.S. Real Estate Index (1758)
VGRLX
$10K 0.25%f/0.25%r
Hold $35.49
1.3% 8.5% 12.8% 8.8% — 3.4% — 1.55
Telecom Svcs. Index (5488)
VTCAX $100K
— NA $45.32
1.2% 6.3% 12.5% 13.7% 15.5% 3.6% — 1.42
Utilities Index (5489)
VUIAX $100K
— NA $45.15
-6.9% 9.7% 8.7% 12.2% 12.3% 3.4% — 1.63
ADMIRAL EQUITY SHARES
Capital Opportunity (5111)
(CLOSED)
VHCAX
—
— Buy $114.98
-1.8% 7.8% 19.9% 19.8% 17.1% 0.2% — 1.26
Explorer (5024)
VEXRX
$50K
— Hold $93.23
-5.3% -3.0% 10.6% 14.7% 18.1% 0.2% — 1.41
SmallCap Growth Index (5861)
VSGAX $10K
— Buy $42.45
-5.2% -1.2% 10.6% — — 0.7% — 1.40
SmallCap Index (548)
VSMAX $10K
— Hold $53.35
-4.9% 1.2% 12.7% 15.7% 18.9% 1.3% — 1.31
SmallCap Value Index (5860)
VSIAX
$10K
— Hold $43.18
-4.7% 3.3% 14.5% — — 1.8% — 1.29
Extended Mkt. Index (598)
VEXAX
$10K
— Sell $63.65
-4.4% 1.5% 13.5% 15.5% 18.8% 1.1% — 1.30
Growth Index (509)
VIGAX
$10K
— Buy $50.09
-1.6% 5.2% 19.6% 16.4% 17.5% 1.2% — 1.10
MidCap Growth Index (5832)
VMGMX $10K
— Buy $40.43
-2.5% 4.1% 14.3% — — 0.6% — 1.19
MidCap Index (5859)
VIMAX
$10K
— Hold $143.26
-2.5% 5.2% 16.5% 15.7% 19.3% 1.1% — 1.10
MidCap Value Index
VMVAX $10K
— Hold $43.87
-2.5% 6.2% 18.6% — — 1.4% — 1.08
Morgan Growth (526)
VMRAX $50K
— Hold $81.62
-1.5% 2.9% 16.7% 14.3% 16.4% 0.8% — 1.16
PRIMECAP (559)
(CLOSED)
VPMAX
—
— Buy $104.38
-0.8% 9.0% 24.5% 19.1% 17.5% 0.9% — 1.02
U.S. Growth (523)
VWUAX $50K
— Sell $77.18
-1.7% 3.9% 20.1% 16.2% 16.2% 0.5% — 1.21
500 Index (540)
VFIAX
$10K
— Buy $178.33
-1.4% 5.6% 16.9% 16.8% 16.8% 1.9% — 1.00
Dividend Appreciation Index (5702)
VDADX $10K
— Buy $20.46
-3.3% 1.1% — — — — — 1.13
Equity Income (565)
VEIRX
$50K
— Buy $64.58
-2.5% 5.0% 13.4% 17.7% 17.4% 2.6% — 0.99
Growth & Income (593)
VGIAX
$50K
— Sell $67.91
-1.0% 6.1% 17.1% 17.3% 17.0% 1.6% — 1.00
LargeCap Index (5307)
VLCAX
$10K
— Buy $44.81
-1.4% 5.6% 17.0% 16.7% 16.9% 1.8% — 1.00
Total Stock Market Index (585)
VTSAX
$10K
— Hold $48.55
-2.0% 4.9% 16.3% 16.6% 17.2% 1.8% — 1.03
Value Index (506)
VVIAX
$10K
— Hold $31.18
-1.3% 5.9% 14.9% 16.9% 16.3% 2.2% — 1.02
Windsor (5022)
VWNEX $50K
— Hold $72.32
-2.6% 6.1% 16.8% 18.7% 17.4% 1.3% — 1.08
Windsor II (573)
VWNAX $50K
— Buy $67.95
-2.1% 5.4% 14.6% 16.9% 16.1% 2.2% — 0.98
Balanced Index (502)
VBIAX
$10K
— Hold $28.47
-1.3% 4.4% 11.2% 11.2% 12.2% 1.9% — 0.63
Wellesley Income (527)
VWIAX $50K
— Hold $62.13
-1.0% 4.9% 8.5% 9.6% 10.5% 3.1% — 0.47
Wellington (521)
VWENX $50K
— Buy $68.21
-1.0% 5.4% 12.1% 12.5% 12.5% 2.4% — 0.65
Developed Markets Index (127)
VTMGX $10K
— Sell $13.36
-2.3% 2.4% 14.6% 7.9% 9.2% 3.2% — 1.27
Emerging Markets Stock Index (5533)
VEMAX $10K
— Hold $36.44
1.5% 8.6% 14.6% -0.1% 6.9% 2.5% — 1.51
European Index (579)
VEUSX
$10K
— Hold $71.89
-4.1% 1.3% 15.5% 8.9% 10.0% 4.0% — 1.44
Global Minimum Volatility (594)
VMNVX $50K
— Hold $21.67
-1.4% 5.2% — — — — — —
International Growth (581)
VWILX
$50K
— Buy $74.86
-1.5% 0.9% 15.0% 7.7% 10.9% 1.6% — 1.35
Pacific Index (572)
VPADX
$10K
— Hold $77.50
0.7% 3.9% 13.0% 6.7% 8.3% 2.5% — 1.37
Total International Stock Index (569)
VTIAX
$10K
— Hold $28.66
-1.6% 4.2% 15.2% 5.9% — 3.1% — 1.22
World ex-U.S. Index (570)
VFWAX $10K
— Sell $32.00
-1.4% 4.0% 14.9% — — 3.1% — 1.24
ADMIRAL INCOME SHARES
Short-Term Treasury (532)
VFIRX
$50K
— Sell $10.69
-0.1% 0.4% 0.7% 0.6% 1.4% 0.5% 0.54% 0.24
Short-Term Federal (549)
VSGDX $50K
— Sell $10.74
-0.1% 0.8% 1.1% 1.0% 1.8% 0.7% 0.60% 0.35
Short-Term Gov’t Index (1942)
VSBSX
$10K
— Sell $20.30
-0.1% 0.2% 0.4% 0.4% — 0.3% 0.38% 0.14
Short-Term Inflation Index (567)
VTAPX
$10K
— Hold $25.05
-0.3% 1.4% 1.1% — — 0.1% -1.11% 0.61
Short-Term Inv.-Grade (539)
VFSUX
$50K
— Buy $10.74
-0.1% 1.6% 2.7% 2.3% 3.7% 2.0% 1.49% 0.45
Short-Term Corp. Index (1945)
VSCSX
$10K
— Buy $21.76
-0.2% 1.6% 2.8% 2.7% — 1.8% 1.42% 0.57
Short-Term Bond Idx. (5132)
VBIRX
$10K
— Hold $10.50
-0.2% 0.8% 1.2% 1.2% 2.3% 1.2% 0.92% 0.38
Inflation-Protected Securities (5119)
VAIPX
$50K
— Hold $26.72
0.0% 5.9% 3.5% 2.2% 5.5% 2.5% -0.23% 2.02
Interm.-Term Treasury (535)
VFIUX
$50K
— Sell $11.24
-0.4% 2.3% 1.6% 2.1% 4.0% 1.7% 1.69% 1.14
Interm-Term Gov’t Index (1943)
VSIGX
$10K
— Sell $21.46
-0.4% 2.2% 1.6% 2.1% — 1.4% 1.65% 1.08
Interm.-Term Inv.-Grade (571)
VFIDX
$50K
— Buy $9.90
-0.1% 4.4% 5.4% 4.7% 7.1% 3.2% 2.60% 1.28
Interm-Term Corp. Index (1946)
VICSX
$10K
0.25%f
Buy $23.13
-0.2% 5.8% 6.8% 5.5% — 3.1% 3.06% 1.61
Intermed.-Term Bond Idx. (5314)
VBILX
$10K
— Hold $11.41
-0.3% 4.7% 4.4% 4.0% 6.1% 2.9% 2.54% 1.55
Total Bond Market (584)
VBTLX
$10K
— Hold $10.78
-0.2% 3.7% 3.8% 3.0% 4.4% 2.6% 2.11% 1.00
GNMA (536)
VFIJX
$50K
— Sell $10.66
-0.5% 4.0% 4.9% 2.4% 4.1% 2.6% 2.61% 1.17
Mortgage-Backed Sec. Idx (1948)
VMBSX $10K
— Sell $20.90
-0.5% 3.4% 3.9% 2.3% — 1.7% 1.63% 0.91
Long-Term Treasury (583)
VUSUX $50K
— Sell $12.09
0.6% 13.1% 8.6% 7.4% 7.2% 3.2% 3.08% 3.33
Long-Term Gov’t Index (1944)
VLGSX
$10K
— Sell $23.86
0.5% 12.9% 8.6% 7.3% — 3.0% 3.09% 3.26
Long-Term Inv.-Grade (568)
VWETX $50K
— Hold $10.47
0.3% 11.6% 11.9% 8.5% 9.6% 4.6% 4.18% 2.70
Long-Term Corp. Index (1947)
VLTCX
$10K
1.00%f
Hold $24.06
0.2% 12.0% 12.3% 8.6% — 4.5% 4.45% 2.76
High-Yield Corporate (529)
VWEAX $50K
— Buy $6.06
-1.2% 3.8% 7.1% 7.8% 10.5% 5.7% 4.31% 1.46
Emerging Markets Gov’t Bond Index (520)**
VGAVX
$10K
0.75%f
Buy $20.05
-0.1% 8.2% 9.2% — — 4.3% 4.28% 2.55
Total International Bond Index (511)
VTABX
$10K
— Hold $20.59
0.6% 4.8% 5.6% — — 1.4% 1.28% 0.88
Short-Term Tax-Exempt (541)
VWSUX $50K
— Buy $15.87
0.1% 0.6% 1.0% 0.9% 1.2% 0.8% 0.36% 0.16
Limited-Term Tax-Exempt (531)
VMLUX $50K
— Buy $11.07
0.1% 1.5% 2.3% 1.7% 2.3% 1.7% 0.88% 0.46
Interm.-Term Tax-Exempt (542)
VWIUX $50K
— Buy $14.13
0.2% 4.9% 6.4% 4.5% 4.9% 3.2% 1.84% 1.32
Long-Term Tax-Exempt (543)
VWLUX $50K
— Hold $11.56
0.2% 7.5% 9.1% 5.8% 5.9% 4.0% 2.65% 1.76
High-Yield Tax-Exempt (5044)
VWALX $50K
— Hold $11.06
0.1% 7.8% 8.8% 6.3% 6.8% 4.0% 2.96% 1.79
CA Intermed. Tax-Exempt (5100)
VCADX $50K
— Buy $11.68
0.3% 5.6% 7.5% 5.3% 5.6% 3.2% 1.76% 1.41
CA Long-T. Tax-Exempt (575)
VCLAX
$50K
— Sell $11.88
0.3% 8.0% 10.3% 6.6% 6.5% 3.8% 2.53% 1.90
NJ Tax-Exempt (514)
VNJUX $50K
— Sell $12.09
0.1% 6.7% 8.6% 5.4% 5.3% 3.7% 2.68% 1.71
NY Tax-Exempt (576)
VNYUX $50K
— Sell $11.62
0.4% 7.4% 9.1% 5.3% 5.4% 3.6% 2.44% 1.71
PA Tax-Exempt (577)
VPALX
$50K
— Sell $11.52
0.3% 7.2% 8.9% 5.3% 5.4% 3.8% 2.66% 1.68
** Fund sold with a 0.75% front-end load
