(PUB) Investing 2016

•

Fund Family Shareholder Association

www.adviseronline.com

PERFORMANCE REV I EW

VANGUARD EQUITY FUNDS

Fund (fund #)

Ticker

Minimum

Loads Advice

3/31

Price

March

Return

YTD

Return

12-Mo.

Return

3-Year

Return

5-Year

Return

12-Mo.

Yield Risk

SECTOR

Alternative Strategies (1298)

VASFX

$250K

— — $21.58

-0.0% 5.2% — — — — —

Energy (51)

VGENX

$3K

— Hold $44.28

12.3% 7.8% -14.0% -6.7% -5.6% 2.4% 1.84

Precious Metals & Mining (53)

VGPMX

$3K

— Sell

$8.21

9.0% 31.6% -3.6% -14.2% -18.4% 2.0% 2.53

Health Care (52)

VGHCX

$3K

— Buy $195.95

2.1% -8.8% -6.3% 18.2% 17.9% 0.9% 1.08

REIT Index (123)

VGSIX

$3K

— Hold $27.83

10.4% 6.2% 3.7% 10.2% 11.6% 4.1% 1.33

Global ex-U.S. Real Estate Index (738)

VGXRX

$3K 0.25%f/0.25%r

Hold $21.43

9.1% 4.2% -1.8% 1.2% 5.1% 2.7% 1.11

AGGRESSIVE GROWTH

Capital Opportunity (111)

(CLOSED)

VHCOX

$3K

— Buy

$49.74

5.7% -3.2% -4.7% 13.2% 12.2% 0.6% 1.11

Explorer (24)

VEXPX

$3K

— Hold $79.49

8.0% -1.2% -11.1% 8.0% 7.9% 0.3% 1.33

Explorer Value (1690)

VEVFX

$3K

— Hold $29.11

8.7% 2.3% -4.9% 7.9% 9.0% 0.8% 1.24

MidCap Growth (301)

VMGRX

$3K

— Sell

$21.85

7.2% -2.7% -8.8% 9.2% 9.2% 0.3% 1.17

SmallCap Growth Index (861)

VISGX

$3K

— Buy

$33.48

7.7% -1.9% -10.2% 6.8% 7.4% 0.9% 1.28

SmallCap Index (48)

NAESX

$3K

— Hold $53.41

8.4% 1.0% -7.2% 8.4% 8.6% 1.5% 1.23

SmallCap Value Index (860)

VISVX

$3K

— Hold $24.43

8.9% 3.5% -4.8% 9.4% 9.5% 2.1% 1.22

Strategic Equity (114)

VSEQX

$3K

— Hold $28.42

7.7% 0.4% -5.8% 11.9% 11.6% 1.6% 1.08

Strategic SmallCap Equity (615)

VSTCX

$3K

— Hold $29.21

7.6% 0.8% -6.8% 10.3% 10.2% 1.2% 1.17

Admiral Tax-Managed SmallCap (116)

VTMSX

$10K

— Sell

$45.31

8.1% 2.4% -3.4% 10.5% 10.4% 1.5% 1.24

GROWTH

Capital Value (328)

VCVLX

$3K

— Buy

$10.45

8.5% -4.3% -17.6% 5.0% 4.8% 1.3% 1.44

Extended Market Index (98)

VEXMX

$3K

— Sell

$62.83

8.2% -0.9% -9.0% 8.0% 8.3% 1.5% 1.23

Growth Index (9)

VIGRX

$3K

— Buy

$54.80

7.1% 0.3% 0.1% 12.4% 11.9% 1.2% 1.10

MidCap Growth Index (832)

VMGIX

$3K

— Buy

$39.40

8.1% 0.6% -6.2% 9.9% 8.8% 0.8% 1.14

MidCap Index (859)

VIMSX

$3K

— Hold $33.09

8.0% 1.1% -4.4% 10.6% 9.9% 1.5% 1.08

MidCap Value Index (835)

VMVIX

$3K

— Hold $34.29

7.8% 1.6% -2.8% 10.9% 10.8% 2.2% 1.03

Morgan Growth (26)

VMRGX

$3K

— Hold $24.45

6.2% -1.9% 0.2% 12.8% 10.6% 0.7% 1.07

PRIMECAP (59)

(CLOSED)

VPMCX

—

— Buy

$97.74

6.2% -2.0% -1.6% 13.5% 12.4% 1.1% 1.02

PRIMECAP Core (1220)

(CLOSED)

VPCCX

—

— Buy

$20.73

6.1% -0.4% -1.3% 13.0% 12.0% 1.1% 1.02

Selected Value (934)

VASVX

$3K

— Buy

$26.17

7.7% 1.2% -3.9% 9.3% 9.9% 1.6% 1.12

Social Index (213)

VFTSX

$3K

— Buy

$13.06

6.5% -0.7% -1.3% 12.4% 12.2% 2.0% 1.05

STAR Growth (122)

VASGX

$3K

— Sell

$27.57

6.2% 1.1% -2.3% 6.7% 6.8% 2.1% 0.81

Admiral Tax-Mgd. Capital App. (5102)

VTCLX

$10K

— Sell

$104.16

7.0% 0.9% 0.6% 11.6% 11.3% 2.1% 1.02

U.S. Growth (23)

VWUSX

$3K

— Hold $28.75

4.9% -3.5% 0.2% 13.5% 12.2% 0.5% 1.05

GROWTH & INCOME

500 Index (40)

VFINX

$3K

— Buy $189.99

6.8% 1.3% 1.6% 11.7% 11.4% 2.0% 1.00

Convertible Securities (82)

VCVSX

$3K

— Buy

$11.84

2.7% -2.0% -8.0% 3.5% 3.6% 1.9% 0.62

Diversified Equity (608)

VDEQX

$3K

— Sell

$29.47

6.9% -1.3% -3.5% 10.6% 10.2% 1.1% 1.07

Dividend Appreciation Index (602)

VDAIX

$3K

— Buy

$32.50

6.2% 4.9% 2.9% 9.5% 10.2% 2.1% 0.91

Dividend Growth (57)

VDIGX

$3K

— Buy

$22.98

5.6% 2.9% 4.7% 11.8% 12.3% 1.9% 0.88

Equity Income (65)

VEIPX

$3K

— Buy

$30.39

6.7% 3.5% 4.4% 10.7% 12.2% 2.8% 0.93

Growth & Income (93)

VQNPX

$3K

— Sell

$40.08

6.7% 1.3% 1.8% 12.2% 12.0% 1.7% 0.97

High Dividend Yield Index (623)

VHDYX

$3K

— Hold $27.34

6.5% 4.1% 4.7% 11.2% 12.6% 3.1% 0.93

LargeCap Index (307)

VLACX

$3K

— Buy

$37.96

6.8% 0.9% 0.6% 11.4% 11.1% 1.9% 1.00

Market Neutral (634)

VMNFX

$250K

— Sell

$12.41

-0.5% 2.4% 7.7% 5.9% 4.5% 0.0% 0.42

STAR Moderate Growth (914)

VSMGX

$3K

— Sell

$23.45

4.8% 1.7% -1.1% 5.8% 6.1% 2.1% 0.61

Total Stock Market Index (85)

VTSMX

$3K

— Hold $51.01

7.0% 0.9% -0.6% 11.0% 10.9% 1.8% 1.02

U.S. Value (124)

VUVLX

$3K

— Hold $16.27

6.7% -0.2% -2.2% 9.9% 11.3% 2.1% 0.96

Value Index (6)

VIVAX

$3K

— Hold $32.13

6.6% 1.6% 1.2% 10.4% 10.4% 2.5% 0.94

Windsor (22)

VWNDX

$3K

— Hold $18.76

8.3% -2.0% -6.7% 8.8% 9.5% 1.8% 1.16

Windsor II (73)

VWNFX

$3K

— Buy

$33.57

6.8% 0.2% -2.9% 8.5% 9.7% 2.3% 1.01

BALANCED

Balanced Index (2)

VBINX

$3K

— Hold $29.65

4.6% 1.9% 0.6% 7.6% 8.1% 1.9% 0.61

Managed Payout (1498)

VPGDX

$25K

— Sell

$17.53

4.6% 2.2% -0.8% 5.6% 5.9% 3.9% 0.57

STAR (56)

VGSTX

$1K

— Hold $23.42

5.1% 0.6% -2.1% 6.5% 7.1% 2.0% 0.68

STAR Conservative Growth (724)

VSCGX

$3K

— Sell

$18.17

3.5% 2.3% 0.0% 4.8% 5.2% 2.1% 0.43

STAR Income (723)

VASIX

$3K

— Sell

$14.91

2.2% 2.7% 1.0% 3.8% 4.3% 2.1% 0.28

Admiral Tax-Managed Balanced (103)

VTMFX

$10K

— Sell

$27.12

3.5% 1.5% 2.3% 7.4% 8.1% 2.0% 0.47

Wellesley Income (27)

VWINX

$3K

— Hold $25.28

3.5% 3.8% 3.8% 6.0% 7.8% 2.9% 0.41

Wellington (21)

VWELX

$3K

— Buy

$37.26

5.1% 1.9% 1.1% 7.8% 8.5% 2.6% 0.67

TARGET RETIREMENT

Target Retirement 2060 (1691)

VTTSX

$1K

— — $27.42

6.8% 0.8% -3.2% 7.1% — 1.8% 0.91

Target Retirement 2055 (1487)

VFFVX

$1K

— — $31.07

6.8% 0.8% -3.3% 7.0% 7.3% 1.9% 0.91

Target Retirement 2050 (699)

VFIFX

$1K

— — $28.71

6.8% 0.8% -3.1% 7.1% 7.3% 2.0% 0.91

Target Retirement 2045 (306)

VTIVX

$1K

— — $17.92

6.8% 0.8% -3.1% 7.1% 7.3% 2.1% 0.91

Target Retirement 2040 (696)

VFORX

$1K

— — $28.69

6.7% 0.8% -3.1% 7.1% 7.3% 2.1% 0.91

Target Retirement 2035 (305)

VTTHX

$1K

— — $17.02

6.2% 1.1% -2.5% 7.0% 7.1% 2.1% 0.84

Target Retirement 2030 (695)

VTHRX

$1K

— — $28.08

5.7% 1.3% -2.0% 6.7% 6.9% 2.1% 0.75

Target Retirement 2025 (304)

VTTVX

$1K

— — $15.86

5.2% 1.5% -1.5% 6.3% 6.7% 2.1% 0.68

Target Retirement 2020 (682)

VTWNX

$1K

— — $27.62

4.7% 1.7% -1.1% 6.0% 6.5% 2.1% 0.61

Target Retirement 2015 (303)

VTXVX

$1K

— — $14.50

4.0% 1.9% -0.6% 5.3% 6.0% 2.0% 0.51

Target Retirement 2010 (681)

VTENX

$1K

— — $25.43

3.1% 2.2% 0.1% 4.4% 5.5% 1.8% 0.38

Target Retirement Income (308)

VTINX

$1K

— — $12.70

2.9% 2.3% 0.4% 3.6% 5.0% 1.7% 0.34

INTERNATIONAL/GLOBAL

Developed Markets Index (1397)

VDVIX

$3K

— Sell

$8.93

7.3% -2.0% -7.4% — — 2.8% 2.27

Emerging Markets Stock Index (533)

VEIEX

$3K

— Hold $21.89

13.0% 5.3% -12.8% -4.5% -4.3% 2.9% 1.49

Emerging Markets Select Stock (752)

VMMSX

$3K

— Hold $16.18

13.5% 6.3% -11.3% -5.2% — 1.8% 1.56

European Index (79)

VEURX

$3K

— Hold $26.06

6.7% -2.4% -8.0% 2.9% 2.3% 3.1% 1.11

Global Equity (129)

VHGEX

$3K

— Hold $23.58

7.6% -0.3% -4.1% 6.9% 6.6% 1.7% 1.00

Global Minimum Volatility (1194)

VMVFX

$3K

— Buy

$11.54

3.9% 2.1% 2.6% — — 1.8% 0.61

International Dividend Appreciation Index (2015) VIAIX

$3K

— Hold $21.46

7.6% — — — — — —

International Explorer (126)

VINEX

$3K

— Hold $16.61

7.6% -2.0% -0.8% 8.1% 4.5% 1.5% 0.97

International Growth (81)

VWIGX

$3K

— Buy

$20.67

7.9% -2.0% -7.7% 3.1% 2.5% 1.4% 1.23

International High Dividend Yield Index (1530)

VIHIX

$3K

— Hold $21.56

8.2% — — — — — —

International Value (46)

VTRIX

$3K

— Hold $30.93

7.7% -0.5% -10.7% 1.3% 1.3% 2.1% 1.17

Pacific Index (72)

VPACX

$3K

— Hold $10.57

7.8% -2.0% -7.2% 1.0% 2.6% 2.3% 1.14

Total International Stock Index (113)

VGTSX

$3K

— Hold $14.42

8.2% -0.2% -8.2% 0.7% 0.6% 2.8% 1.10

Total World Stock Index (628)

VTWSX

$3K

— Hold $23.47

7.6% 0.5% -4.2% 5.7% 5.4% 2.2% 1.02

World ex-U.S. Index (770)

VFWIX

$3K

— Sell

$17.03

8.2% -0.3% -8.8% 0.6% 0.4% 2.8% 1.11

World ex-U.S. SmallCap Index (1684)

VFSVX

$3K

— Hold $35.71

8.1% 0.9% -2.7% 2.5% 1.1% 2.5% 1.06