10
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Fund Family Shareholder Association
PERFORMANCE REV I EW
VANGUARD ADMIRAL FUNDS
Admiral Fund
(fund #)
Ticker
Min.
Loads
Advice
8/29
Price
August
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 $57.87
4.4% 3.4% 20.8% 24.4% 23.4% 0.8% — 1.29
Consumer Staples Index (5484)
VCSAX $100K
— NA $57.74
4.7% 6.4% 17.4% 16.9% 16.4% 2.1% — 1.26
Energy (551)
VGELX
$50K
— NA $139.52
1.8% 10.8% 20.7% 9.8% 11.4% 1.6% — 1.32
Energy Index (5480)
VENAX $100K
— NA $71.06
2.7% 12.5% 24.3% 14.3% 15.6% 1.5% — 1.37
Financials Index (5486)
VFAIX
$100K
— NA $23.72
4.0% 7.3% 21.2% 21.3% 12.1% 1.8% — 1.13
Health Care (552)
VGHAX $50K
— NA $90.06
4.1% 19.0% 37.2% 26.1% 20.4% 1.1% — 1.15
Health Care Index (5485)
VHCIX $100K
— NA $58.61
5.3% 15.9% 31.8% 27.2% 20.5% 1.0% — 1.24
Industrials Index (5482)
VINAX $100K
— NA $53.40
4.4% 4.0% 24.8% 22.1% 19.3% 1.0% — 1.26
Info.Technology Index (5487)
VITAX $100K
— NA $51.93
4.3% 13.3% 32.1% 20.9% 17.3% 0.9% — 1.16
Materials Index (5481)
VMIAX $100K
— NA $57.84
4.2% 10.0% 27.2% 15.8% 15.7% 1.7% — 1.23
REIT Index (5123)
VGSLX
$10K
— Hold $109.31
2.9% 21.3% 24.3% 14.5% 18.9% 3.6% — 1.42
Global ex-U.S. Real Estate Index (1758)
VGRLX
$10K 0.25%f/0.25%r
Hold $35.61
0.3% 8.9% 16.1% 11.4% — 3.4% — 1.52
Telecom Svcs. Index (5488)
VTCAX $100K
— NA $45.07
-0.6% 5.7% 17.1% 14.7% 15.5% 3.7% — 1.40
Utilities Index (5489)
VUIAX $100K
— NA $47.47
5.1% 15.4% 20.6% 13.4% 13.3% 3.3% — 1.59
ADMIRAL EQUITY SHARES
Capital Opportunity (5111)
(CLOSED)
VHCAX
—
— Buy $120.82
5.1% 13.3% 28.7% 24.8% 17.8% 0.2% — 1.26
Explorer (5024)
VEXRX
$50K
— Hold $97.99
5.1% 1.9% 18.3% 20.2% 18.8% 0.2% — 1.40
SmallCap Growth Index (5861)
VSGAX $10K
— Buy $44.49
4.8% 3.5% 18.2% — — 0.6% — 1.38
SmallCap Index (548)
VSMAX $10K
— Hold $56.02
5.0% 6.3% 22.3% 21.0% 19.0% 1.2% — 1.31
SmallCap Value Index (5860)
VSIAX
$10K
— Hold $45.40
5.1% 8.6% 25.7% — — 1.7% — 1.29
Extended Mkt. Index (598)
VEXAX
$10K
— Sell $66.81
5.0% 6.5% 22.5% 20.8% 19.1% 1.1% — 1.29
Growth Index (509)
VIGAX
$10K
— Buy $52.45
4.7% 10.2% 27.4% 20.5% 18.1% 1.2% — 1.10
MidCap Growth Index (5832)
VMGMX $10K
— Buy $42.71
5.6% 10.0% 23.2% — — 0.6% — 1.20
MidCap Index (5859)
VIMAX
$10K
— Hold $150.06
4.7% 10.2% 25.1% 20.4% 19.2% 1.1% — 1.10
MidCap Value Index
VMVAX $10K
— Hold $45.56
3.9% 10.3% 26.9% — — 1.4% — 1.07
Morgan Growth (526)
VMRAX $50K
— Hold $85.53
4.8% 7.8% 24.8% 18.9% 17.1% 0.7% — 1.16
PRIMECAP (559)
(CLOSED)
VPMAX
—
— Buy $108.44
3.9% 13.3% 31.5% 23.0% 18.1% 0.9% — 1.02
U.S. Growth (523)
VWUAX $50K
— Sell $80.37
4.1% 8.2% 26.4% 20.4% 16.7% 0.5% — 1.19
500 Index (540)
VFIAX
$10K
— Buy $185.46
4.0% 9.9% 25.2% 20.6% 16.8% 1.8% — 1.00
Dividend Appreciation Index (5702)
VDADX $10K
— Buy $21.19
3.6% 4.7% — — — — — 1.12
Equity Income (565)
VEIRX
$50K
— Buy $66.90
3.6% 8.8% 21.8% 20.3% 17.3% 2.5% — 0.98
Growth & Income (593)
VGIAX
$50K
— Sell $70.75
4.2% 10.5% 25.9% 21.1% 17.3% 1.6% — 1.00
LargeCap Index (5307)
VLCAX
$10K
— Buy $46.62
4.0% 9.9% 25.1% 20.5% 17.0% 1.7% — 1.00
Total Stock Market Index (585)
VTSAX
$10K
— Hold $50.58
4.2% 9.3% 24.7% 20.7% 17.3% 1.7% — 1.03
Value Index (506)
VVIAX
$10K
— Hold $32.27
3.5% 9.6% 23.3% 20.6% 16.0% 2.2% — 1.02
Windsor (5022)
VWNEX $50K
— Hold $75.18
4.0% 10.3% 25.2% 23.2% 17.4% 1.3% — 1.08
Windsor II (573)
VWNAX $50K
— Buy $70.41
3.6% 9.2% 22.5% 20.6% 15.9% 2.2% — 0.97
Balanced Index (502)
VBIAX
$10K
— Hold $29.31
3.0% 7.5% 16.7% 13.4% 12.3% 1.8% — 0.64
Wellesley Income (527)
VWIAX $50K
— Hold $63.38
2.0% 7.0% 12.8% 10.4% 10.4% 3.0% — 0.47
Wellington (521)
VWENX $50K
— Buy $69.89
2.5% 8.0% 17.5% 14.8% 12.5% 2.4% — 0.64
Developed Markets Index (127)
VTMGX $10K
— Sell $13.40
0.3% 2.7% 16.6% 11.5% 8.3% 3.2% — 1.25
Emerging Markets Stock Index (5533)
VEMAX $10K
— Hold $37.74
3.6% 12.5% 22.5% 4.1% 7.8% 2.4% — 1.50
European Index (579)
VEUSX
$10K
— Hold $72.34
0.6% 1.9% 17.7% 13.0% 9.0% 4.0% — 1.39
Global Minimum Volatility (594)
VMNVX $50K
— Hold $22.32
3.0% 8.4% — — — — — —
International Growth (581)
VWILX
$50K
— Buy $75.71
1.1% 2.0% 18.4% 11.3% 10.7% 1.5% — 1.32
Pacific Index (572)
VPADX
$10K
— Hold $77.39
-0.1% 3.7% 14.6% 9.1% 7.6% 2.5% — 1.35
Total International Stock Index (569)
VTIAX
$10K
— Hold $28.96
1.0% 5.3% 18.4% 9.4% — 3.1% — 1.19
World ex-U.S. Index (570)
VFWAX $10K
— Sell $32.33
1.0% 5.1% 18.1% — — 3.1% — 1.21
ADMIRAL INCOME SHARES
Short-Term Treasury (532)
VFIRX
$50K
— Sell $10.70
0.1% 0.6% 1.0% 0.5% 1.4% 0.5% 0.53% 0.24
Short-Term Federal (549)
VSGDX $50K
— Sell $10.75
0.1% 0.9% 1.4% 0.8% 1.8% 0.7% 0.63% 0.34
Short-Term Gov’t Index (1942)
VSBSX
$10K
— Sell $20.32
0.1% 0.4% 0.7% 0.4% — 0.3% 0.37% 0.13
Short-Term Inflation Index (567)
VTAPX
$10K
— Hold $25.01
-0.2% 1.3% 1.5% — — 0.1% -0.84% 0.57
Short-Term Inv.-Grade (539)
VFSUX
$50K
— Buy $10.75
0.3% 1.9% 3.2% 2.6% 3.4% 2.0% 1.54% 0.43
Short-Term Corp. Index (1945)
VSCSX
$10K
— Buy $21.81
0.4% 2.0% 3.5% 3.1% — 1.8% 1.40% 0.54
Short-Term Bond Idx. (5132)
VBIRX
$10K
— Hold $10.52
0.3% 1.1% 1.8% 1.2% 2.3% 1.2% 0.90% 0.37
Inflation-Protected Securities (5119)
VAIPX
$50K
— Hold $26.86
0.5% 6.4% 5.8% 2.1% 5.3% 2.4% -0.15% 1.95
Interm.-Term Treasury (535)
VFIUX
$50K
— Sell $11.34
1.0% 3.4% 3.8% 1.6% 4.0% 1.7% 1.64% 1.13
Interm-Term Gov’t Index (1943)
VSIGX
$10K
— Sell $21.64
1.0% 3.2% 3.6% 1.5% — 1.4% 1.59% 1.07
Interm.-Term Inv.-Grade (571)
VFIDX
$50K
— Buy $9.98
1.1% 5.6% 7.5% 4.9% 6.9% 3.2% 2.59% 1.25
Interm-Term Corp. Index (1946)
VICSX
$10K
0.25%f
Buy $23.40
1.4% 7.3% 9.6% 6.0% — 3.1% 3.00% 1.58
Intermed.-Term Bond Idx. (5314)
VBILX
$10K
— Hold $11.54
1.4% 6.1% 7.2% 3.8% 6.2% 2.9% 2.46% 1.52
Total Bond Market (584)
VBTLX
$10K
— Hold $10.88
1.1% 4.9% 5.7% 2.9% 4.4% 2.6% 2.05% 1.00
GNMA (536)
VFIJX
$50K
— Sell $10.74
1.0% 5.0% 6.2% 2.2% 4.2% 2.7% 2.55% 1.15
Mortgage-Backed Sec. Idx (1948)
VMBSX $10K
— Sell $21.04
0.8% 4.2% 5.2% 2.1% — 1.7% 1.40% 0.89
Long-Term Treasury (583)
VUSUX $50K
— Sell $12.57
4.2% 17.9% 14.7% 5.9% 7.7% 3.1% 2.90% 3.39
Long-Term Gov’t Index (1944)
VLGSX
$10K
— Sell $24.81
4.2% 17.7% 14.6% 5.8% — 2.9% 2.90% 3.33
Long-Term Inv.-Grade (568)
VWETX $50K
— Hold $10.76
3.2% 15.2% 17.2% 9.2% 9.7% 4.5% 4.01% 2.70
Long-Term Corp. Index (1947)
VLTCX
$10K
1.00%f
Hold $24.71
3.1% 15.5% 17.4% 9.4% — 4.3% 4.32% 2.75
High-Yield Corporate (529)
VWEAX $50K
— Buy $6.13
1.6% 5.5% 9.9% 9.6% 10.8% 5.6% 4.50% 1.43
Emerging Markets Gov’t Bond Index (520)**
VGAVX
$10K
0.75%f
Buy $20.15
0.9% 9.1% 12.9% — — 4.3% 4.42% 2.46
Total International Bond Index (511)
VTABX
$10K
— Hold $20.83
1.3% 6.2% 7.5% — — 1.5% 1.21% 0.88
Short-Term Tax-Exempt (541)
VWSUX $50K
— Buy $15.87
0.1% 0.7% 1.1% 0.8% 1.2% 0.8% 0.35% 0.15
Limited-Term Tax-Exempt (531)
VMLUX $50K
— Buy $11.09
0.3% 1.8% 2.9% 1.6% 2.3% 1.7% 0.81% 0.45
Interm.-Term Tax-Exempt (542)
VWIUX $50K
— Buy $14.25
1.1% 6.1% 8.7% 4.4% 4.8% 3.2% 1.74% 1.29
Long-Term Tax-Exempt (543)
VWLUX $50K
— Hold $11.69
1.5% 9.0% 12.3% 5.8% 5.8% 4.0% 2.54% 1.72
High-Yield Tax-Exempt (5044)
VWALX $50K
— Hold $11.19
1.5% 9.4% 12.6% 6.4% 6.6% 4.0% 2.87% 1.75
CA Intermed. Tax-Exempt (5100)
VCADX $50K
— Buy $11.78
1.1% 6.8% 9.7% 5.3% 5.5% 3.2% 1.67% 1.37
CA Long-T. Tax-Exempt (575)
VCLAX
$50K
— Sell $12.02
1.5% 9.6% 13.5% 6.6% 6.3% 3.8% 2.38% 1.85
NJ Tax-Exempt (514)
VNJUX $50K
— Sell $12.24
1.5% 8.3% 11.6% 5.4% 5.3% 3.6% 2.57% 1.68
NY Tax-Exempt (576)
VNYUX $50K
— Sell $11.76
1.5% 9.0% 12.2% 5.3% 5.3% 3.5% 2.30% 1.68
PA Tax-Exempt (577)
VPALX
$50K
— Sell $11.64
1.4% 8.6% 12.0% 5.3% 5.4% 3.8% 2.54% 1.64
** Fund sold with a 0.75% front-end load
