(PUB) Investing 2016

581 / 708

The Independent Adviser for Vanguard Investors • April 2016 • 3 FOR CUSTOMER SERVICE, PLEASE CALL 800-211-7641
Daniel P. Wiener - Senior Editor
Jeffrey D. DeMaso - Editor/Research Director
Seth H. Kennedy - Assistant Editor
Amy Long - Vice President and Publisher
Billy Currano - Senior Managing Editor
David Clarfield - Managing Editor
Rachel Johnsen - Editorial Assistant
Louisa Dorado - Marketing Director
Mary Southard - Marketing Director
John Hall Design Group - Design and Production
Fund Family Shareholder Association
Member, Newsletter Publishers Association
Daniel P. Wiener - Chairman
James H. Lowell - President
The Independent Adviser for Vanguard Investors (ISSN 1093-4200) is published monthly for members of the Fund Family Shareholder Association
by InvestorPlace Media, LLC, 9201 Corporate Blvd., Suite 200 Rockville MD 20850. A one-year membership is $229 (foreign, add $18).
POSTMASTER: Send address changes to The Independent Adviser for Vanguard Investors/Fund Family Shareholder Association, c/o InvestorPlace
Media, LLC, 9201 Corporate Blvd., Suite 200 Rockville MD 20850.
The FFSA is an independent organization dedicated to providing investors with intelligent and objective advice about the Vanguard family of mutual
funds and services. If you have questions regarding your membership, call 800/211-7641 ). While the information provided
is obtained from sources believed to be reliable, its accuracy or completeness cannot be guaranteed, nor can the publication be considered liable for
the future investment performance of any securities or strategies discussed. The newsletter, hotline and associated publications provide information
of general interest and are not intended to provide individualized investment advice for any subscriber or specific portfolio. Subscribers are urged to
review the full disclaimer and securities holdings disclosure policy associated with this publication at
html or call 800-219-8592 to receive a copy via mail. Vanguard and The Vanguard Group are service marks of The Vanguard Group, Inc. FFSA and
InvestorPlace Media, LLC are not affiliated in any way with The Vanguard Group and receive no compensation from The Vanguard Group, Inc.
Copyright 2016 by Fund Family Shareholder Association. Reproduction in whole or in part is prohibited except by written permission of FFSA.
because, well, he’s predicting gloom
and doom. But I wouldn’t buy his brand
of snake oil. In the media, every data
release, no matter how trivial or quickly
forgotten, is reported on with bated
breath. Every tick in the market must be
explained. The same goes for Chicken
Littles squawking about doomsday sce-
narios. We call this infotainment. Turn it
off, and your portfolio will thank you. n
diversified approach and add it to one
of your PRIMECAP Management-run
funds. Then relax. You are going to
make some money here.
One place you probably won’t make
money without an astounding bit of
luck is in the commodities and metals
markets. Precious Metals & Mining,
up 31.6% so far this year, has ben-
efited from the 16.3% bump in gold,
which has a multiplying effect upon
the prices of miners’ stocks. Yet, for all
the hoopla around that fabulous three-
month return, don’t forget that the fund
remains 68.3% below the high it hit in
…wait for it…May 2008.
I say it all the time, but one of
the best things you can do for your
portfolio (not to mention your men-
tal health) is to go on a media diet.
This doesn’t mean you should ignore
your investments or the world around
you. But once you’ve set a long-term
course for your finances, you probably
shouldn’t be taking a detour because of
some talking head. The latest: Robert
Kiyosaki, the discredited author of Rich
Dad Poor Dad. He’s trying to make a
comeback by arguing that baby boom-
ers who begin to hit age 70.5 in 2016
and are required to take money out of
their 401(k) and pension plans will
cause a major 2016 crash. The baby
boomer investor has been a scapegoat
for all manner of disaster scenarios,
none of which have panned out.
The flaw in Kiyosaki’s thinking is
that baby boomers will draw all of their
required distributions out of the markets
at once, and that they are going to spend
them, rather than simply reinvest some-
where else. The media loves this guy,
MEME FROM PAGE 1 >
500 Index $0.9620 @ $188.97
Balanced Index $0.1350 @ $29.19
Consumer Discretionary ETF $0.4630 @ $121.90
Consumer Discretionary Index $0.2390 @ $63.55
Consumer Staples ETF $0.6340 @ $133.79
Consumer Staples Index $0.3130 @ $66.26
Convertible Securities $0.0210 @ $11.72
Developed Markets ETF $0.1570 @ $35.93
Developed Markets Index $0.0370 @ $8.88
Dividend Appreciation ETF $0.4100 @ $80.38
Dividend Appreciation Index $0.1550 @ $32.27
Dividend Growth $0.0800 @ $22.58
Emerging Markets Stock ETF $0.0570 @ $34.45
Emerging Markets Stock Index $0.0280 @ $21.10
Energy ETF $0.6750 @ $85.56
Energy Index $0.3380 @ $43.94
Equity Income $0.2090 @ $29.95
Europe ETF $0.2720 @ $48.57
European Index $0.1390 @ $25.93
Extended Market ETF $0.3060 @ $80.91
Extended Market Index $0.2120 @ $62.06
Financials ETF $0.1310 @ $45.91
Financials Index $0.0650 @ $23.36
Global ex-U.S. Real Estate ETF $0.0780 @ $53.23
Global ex-U.S. Real Estate Index $0.0240 @ $20.94
Growth ETF $0.3200 @ $105.01
Growth Index $0.1470 @ $54.12
Health Care $4.8570 @ $193.44
Health Care ETF $0.3960 @ $122.42
Health Care Index $0.1980 @ $60.69
High Dividend Yield ETF $0.4780 @ $68.75
High Dividend Yield Index $0.1860 @ $26.88
Industrials ETF $0.5030 @ $104.33
Industrials Index $0.2590 @ $54.09
Information Technology ETF $0.4070 @ $107.51
Information Technology Index $0.2080 @ $55.08
Int’l Dividend Appreciation ETF $0.0450 @ $53.05
Int’l Dividend Appreciation Index $0.0180 @ $21.29
Int’l High Dividend Yield ETF $0.0850 @ $53.49
Int’l High Dividend Yield Index $0.0340 @ $21.76
LargeCap ETF $0.4550 @ $93.30
LargeCap Index $0.1740 @ $37.19
Materials ETF $0.3810 @ $97.52
Materials Index $0.1940 @ $50.18
MegaCap ETF $0.3690 @ $69.52
MegaCap Growth ETF $0.2830 @ $82.15
MegaCap Value ETF $0.3860 @ $59.20
MidCap ETF $0.2820 @ $119.89
MidCap Growth ETF $0.1630 @ $98.53
MidCap Growth Index $0.0540 @ $38.31
MidCap Index $0.0690 @ $32.32
MidCap Value ETF $0.3080 @ $86.64
MidCap Value Index $0.1130 @ $33.64
Pacific ETF $0.1170 @ $55.28
Pacific Index $0.0190 @ $10.51
Precious Metals & Mining $0.1613 @ $8.38
REIT ETF $0.9190 @ $81.16
REIT Index $0.2960 @ $27.26
Russell 1000 ETF $0.4210 @ $93.29
Russell 1000 Growth ETF $0.3450 @ $101.11
Russell 1000 Value ETF $0.4860 @ $85.89
Russell 2000 ETF $0.1490 @ $86.19
Russell 2000 Growth ETF $0.1610 @ $93.01
Russell 2000 Value ETF $0.1410 @ $78.85
Russell 3000 ETF $0.3950 @ $92.82
S&P 500 ETF $1.0060 @ $186.43
S&P 500 Growth ETF $0.3520 @ $102.73
S&P 500 Value ETF $0.5150 @ $86.06
S&P MidCap 400 ETF $0.2500 @ $95.29
S&P SmallCap 600 Growth ETF $0.2610 @ $103.35
S&P SmallCap 600 Value ETF $0.2650 @ $95.18
SmallCap ETF $0.3050 @ $110.19
SmallCap Growth ETF $0.1500 @ $117.08
SmallCap Growth Index $0.0330 @ $32.57
SmallCap Index $0.1330 @ $51.89
SmallCap Value ETF $0.3670 @ $101.06
SmallCap Value Index $0.0820 @ $23.70
Social Index $0.0550 @ $12.85
STAR Cons. Gro. $0.0730 @ $18.09
STAR Income $0.0600 @ $14.84
Target Retirement Income $0.0420 @ $12.64
Tax-Man. Capital Appreciation $0.4910 @ $102.27
Tax-Managed Balanced $0.1310 @ $26.79
Tax-Managed SmallCap $0.1220 @ $43.60
Telecom Services ETF $0.5000 @ $90.54
Telecom Svcs. Index $0.2550 @ $46.19
Total International Stock ETF $0.1430 @ $44.99
Total International Stock Index $0.0440 @ $14.26
Total Stock Market ETF $0.4800 @ $104.22
Total Stock Market Index $0.2220 @ $49.92
Total World Stock ETF $0.2220 @ $57.29
Total World Stock Index $0.0850 @ $23.08
Utilities ETF $0.7170 @ $106.12
Utilities Index $0.3580 @ $52.85
Value ETF $0.5360 @ $81.85
Value Index $0.1980 @ $32.13
Wellesley Income $0.1620 @ $24.96
Wellington $0.2280 @ $36.80
World ex-U.S. ETF $0.1480 @ $43.16
World ex-U.S. Index $0.0540 @ $16.86
World ex-U.S. SmallCap ETF $0.0270 @ $93.60
World ex-U.S. SmallCap Index $0.0010 @ $34.92
MARCH SPECIAL DISTRIBUTIONS