(PUB) Investing 2016

•

Fund Family Shareholder Association

www.adviseronline.com

PERFORMANCE REV I EW

VANGUARD EQUITY FUNDS

Fund (fund #)

Ticker

Minimum

Loads Advice

8/31

Price

Aug.

Return

YTD

Return

12-Mo.

Return

3-Year

Return

5-Year

Return

12-Mo.

Yield Risk

SECTOR

Alternative Strategies (1298)

VASFX

$250K

— — $21.81

-0.4% 6.3% 0.11392593

— — 0.4% —

Energy (51)

VGENX

$3K

— Hold $50.48

2.5% 22.9% 12.9% -3.4% -0.2% 2.1% 1.93

Precious Metals & Mining (53)

VGPMX

$3K

— Sell

$10.62

-14.1% 70.2% 51.6% -0.1% -13.8% 1.5% 3.50

Health Care (52)

VGHCX

$3K

— Buy $206.64

-4.9% -3.9% -1.5% 17.0% 18.6% 0.8% 1.14

REIT Index (123)

VGSIX

$3K

— Hold $29.56

-3.7% 13.8% 25.4% 15.8% 13.3% 3.8% 1.45

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

VGXRX

$3K 0.25%f/0.25%r

Hold $22.36

-0.9% 9.7% 12.2% 5.7% 7.0% 2.7% 1.15

AGGRESSIVE GROWTH

Capital Opportunity (111)

(CLOSED)

VHCOX

$3K

— Buy

$53.77

0.8% 4.6% 8.9% 13.1% 16.9% 0.5% 1.19

Explorer (24)

VEXPX

$3K

— Hold $87.28

1.2% 8.5% 5.3% 7.7% 12.9% 0.3% 1.27

Explorer Value (1690)

VEVFX

$3K

— Hold $31.55

1.9% 10.9% 11.4% 9.1% 13.7% 0.7% 1.21

MidCap Growth (301)

VMGRX

$3K

— Sell

$22.34

-0.4% -0.5% -1.8% 7.8% 11.8% 0.3% 1.16

SmallCap Growth Index (861)

VISGX

$3K

— Buy

$36.96

0.5% 8.5% 6.1% 7.8% 12.6% 1.1% 1.21

SmallCap Index (48)

NAESX

$3K

— Hold $58.56

0.6% 11.0% 9.2% 9.6% 13.8% 1.6% 1.17

SmallCap Value Index (860)

VISVX

$3K

— Hold $26.61

0.7% 13.0% 11.9% 11.2% 14.6% 2.1% 1.17

Strategic Equity (114)

VSEQX

$3K

— Hold $30.31

0.1% 7.1% 7.2% 12.1% 15.5% 1.5% 1.08

Strategic SmallCap Equity (615)

VSTCX

$3K

— Hold $31.14

-0.4% 7.5% 6.5% 10.3% 14.4% 1.1% 1.14

Admiral Tax-Managed SmallCap (116)

VTMSX

$10K

— Sell

$49.64

1.2% 12.4% 12.4% 11.0% 15.1% 1.6% 1.18

GROWTH

Capital Value (328)

VCVLX

$3K

— Buy

$11.36

0.7% 4.0% 2.0% 4.4% 11.0% 1.2% 1.44

Extended Market Index (98)

VEXMX

$3K

— Sell

$68.87

0.9% 8.9% 6.9% 9.1% 13.3% 1.6% 1.19

Growth Index (9)

VIGRX

$3K

— Buy

$57.63

-0.3% 5.8% 9.4% 12.7% 14.4% 1.1% 1.10

MidCap Growth Index (832)

VMGIX

$3K

— Buy

$41.80

-0.8% 6.9% 5.5% 10.3% 12.4% 0.9% 1.11

MidCap Index (859)

VIMSX

$3K

— Hold $35.34

0.1% 8.4% 8.0% 11.3% 13.9% 1.7% 1.06

MidCap Value Index (835)

VMVIX

$3K

— Hold $36.89

1.0% 9.8% 10.3% 12.1% 15.2% 2.5% 1.03

Morgan Growth (26)

VMRGX

$3K

— Hold $25.58

-0.7% 2.6% 6.6% 12.1% 13.6% 0.6% 1.08

PRIMECAP (59)

(CLOSED)

VPMCX

—

— Buy $105.74

1.3% 6.1% 13.0% 14.5% 16.2% 1.0% 1.08

PRIMECAP Core (1220)

(CLOSED)

VPCCX

—

— Buy

$22.24

0.8% 6.8% 12.3% 13.5% 15.3% 1.1% 1.06

Selected Value (934)

VASVX

$3K

— Hold $27.44

0.5% 6.2% 5.7% 7.8% 13.1% 1.6% 1.12

Social Index (213)

VFTSX

$3K

— Buy

$13.95

0.7% 6.5% 10.0% 12.5% 15.6% 2.2% 1.07

STAR Growth (122)

VASGX

$3K

— Sell

$28.85

0.3% 7.0% 8.2% 7.9% 9.5% 2.0% 0.81

Admiral Tax-Mgd. Capital App. (5102)

VTCLX

$10K

— Sell

$110.55

0.2% 7.5% 11.4% 12.1% 14.6% 2.4% 1.02

U.S. Growth (23)

VWUSX

$3K

— Hold $30.32

-0.9% 1.8% 6.9% 13.4% 14.9% 0.4% 1.10

GROWTH & INCOME

500 Index (40)

VFINX

$3K

— Buy $201.05

0.1% 7.7% 12.4% 12.1% 14.5% 1.9% 1.00

Convertible Securities (82)

VCVSX

$3K

— Buy

$12.67

0.7% 5.1% 2.3% 4.3% 7.3% 1.6% 0.67

Diversified Equity (608)

VDEQX

$3K

— Sell

$31.41

0.4% 5.2% 7.3% 10.5% 13.8% 1.1% 1.07

Dividend Appreciation Index (602)

VDAIX

$3K

— Buy

$34.07

-0.0% 10.6% 15.2% 10.4% 12.6% 2.0% 0.89

Dividend Growth (57)

(CLOSED)

VDIGX

$3K

— Buy

$23.87

0.2% 7.7% 14.3% 11.6% 13.9% 1.7% 0.86

Equity Income (65)

VEIPX

$3K

— Buy

$32.05

-0.2% 9.9% 16.2% 11.3% 14.5% 2.7% 0.91

Growth & Income (93)

VQNPX

$3K

— Sell

$42.11

0.1% 7.5% 12.1% 12.5% 14.9% 1.8% 0.97

High Dividend Yield Index (623)

VHDYX

$3K

— Hold $28.88

-0.4% 10.8% 17.4% 12.1% 14.8% 2.9% 0.92

LargeCap Index (307)

VLACX

$3K

— Buy

$40.25

0.2% 7.5% 11.7% 11.8% 14.3% 1.7% 1.00

Market Neutral (634)

VMNFX

$250K

— Sell

$11.66

-2.0% -3.8% 0.6% 3.6% 2.3% 0.0% 0.48

STAR Moderate Growth (914)

VSMGX

$3K

— Sell

$24.40

0.2% 6.9% 8.0% 7.2% 8.0% 2.0% 0.61

Total Stock Market Index (85)

VTSMX

$3K

— Hold $54.35

0.3% 8.0% 11.3% 11.6% 14.3% 1.7% 1.01

U.S. Value (124)

VUVLX

$3K

— Hold $17.22

-0.2% 5.6% 9.2% 10.4% 14.7% 2.0% 0.94

Value Index (6)

VIVAX

$3K

— Hold $34.32

0.6% 9.1% 13.8% 11.1% 14.3% 2.3% 0.94

Windsor (22)

VWNDX

$3K

— Hold $20.02

1.8% 5.4% 5.5% 8.9% 14.0% 1.5% 1.18

Windsor II (73)

VWNFX

$3K

— Buy

$35.78

1.2% 8.0% 9.5% 9.2% 13.2% 2.1% 1.02

BALANCED

Balanced Index (2)

VBINX

$3K

— Hold $31.08

0.1% 7.4% 9.4% 8.7% 9.8% 1.9% 0.60

Managed Payout (1498)

VPGDX

$25K

— Sell

$17.99

-0.1% 6.7% 7.5% 6.8% 7.4% 3.8% 0.57

STAR (56)

VGSTX

$1K

— Hold $24.64

0.6% 6.6% 7.9% 7.8% 9.1% 1.9% 0.69

STAR Conservative Growth (724)

VSCGX

$3K

— Sell

$18.86

0.1% 6.8% 7.6% 6.4% 6.5% 2.0% 0.42

STAR Income (723)

VASIX

$3K

— Sell

$15.38

0.0% 6.5% 7.2% 5.6% 4.9% 2.0% 0.28

Admiral Tax-Managed Balanced (103)

VTMFX

$10K

— Sell

$28.15

0.1% 5.8% 8.8% 8.7% 9.2% 2.0% 0.45

Wellesley Income (27)

VWINX

$3K

— Hold $26.39

0.0% 9.1% 12.1% 8.0% 8.5% 2.8% 0.41

Wellington (21)

VWELX

$3K

— Buy

$39.13

0.2% 7.7% 10.6% 8.8% 10.6% 2.5% 0.68

TARGET RETIREMENT

Target Retirement 2060 (1691)

VTTSX

$1K

— — $29.09

0.4% 6.9% 8.3% 8.1% — 1.7% 0.92

Target Retirement 2055 (1487)

VFFVX

$1K

— — $32.96

0.4% 6.9% 8.3% 8.1% 10.1% 1.8% 0.92

Target Retirement 2050 (699)

VFIFX

$1K

— — $30.46

0.4% 6.9% 8.3% 8.2% 10.1% 1.9% 0.92

Target Retirement 2045 (306)

VTIVX

$1K

— — $19.01

0.4% 6.9% 8.3% 8.2% 10.1% 2.0% 0.92

Target Retirement 2040 (696)

VFORX

$1K

— — $30.42

0.4% 6.9% 8.2% 8.2% 10.1% 2.0% 0.91

Target Retirement 2035 (305)

VTTHX

$1K

— — $18.00

0.4% 6.9% 8.2% 8.1% 9.9% 2.0% 0.84

Target Retirement 2030 (695)

VTHRX

$1K

— — $29.63

0.3% 6.9% 8.1% 7.8% 9.4% 2.0% 0.76

Target Retirement 2025 (304)

VTTVX

$1K

— — $16.70

0.3% 6.9% 8.0% 7.6% 8.9% 2.0% 0.68

Target Retirement 2020 (682)

VTWNX

$1K

— — $28.99

0.2% 6.8% 7.8% 7.3% 8.3% 2.0% 0.61

Target Retirement 2015 (303)

VTXVX

$1K

— — $15.13

0.1% 6.3% 7.2% 6.6% 7.4% 1.9% 0.50

Target Retirement 2010 (681)

VTENX

$1K

— — $26.36

0.0% 5.9% 6.6% 5.8% 6.4% 1.7% 0.38

Target Retirement Income (308)

VTINX

$1K

— — $13.09

0.0% 6.0% 6.6% 5.3% 5.4% 1.7% 0.34

INTERNATIONAL/GLOBAL

Developed Markets Index (1397)

VDVIX

$3K

— Sell

$9.21

0.5% 2.4% 2.0% — — 2.6% 1.12

Emerging Markets Stock Index (533)

VEIEX

$3K

— Hold $23.68

1.7% 14.6% 10.5% 1.9% -0.6% 2.2% 1.54

Emerging Markets Select Stock (752)

VMMSX

$3K

— Hold $17.83

2.1% 17.1% 13.6% 1.2% 0.2% 1.6% 1.63

European Index (79)

VEURX

$3K

— Hold $26.14

0.7% -0.2% -2.2% 1.8% 5.2% 3.2% 1.16

Global Equity (129)

VHGEX

$3K

— Hold $24.78

0.2% 4.8% 7.3% 7.8% 9.8% 1.6% 1.02

Global Minimum Volatility (1194)

VMVFX

$3K

— Buy

$12.19

-0.7% 7.9% 10.1% — — 1.7% 0.63

International Dividend Appreciation Index (2015) VIAIX

$3K

— Hold $22.50

-1.7% — — — — — —

International Explorer (126)

VINEX

$3K

— Hold $16.89

-0.2% -0.4% 1.7% 6.7% 7.4% 1.5% 1.09

International Growth (81)

VWIGX

$3K

— Buy

$22.38

2.1% 6.1% 8.9% 4.9% 6.0% 1.3% 1.30

International High Dividend Yield Index (1530)

VIHIX

$3K

— Hold $22.34

1.3% — — — — — —

International Value (46)

VTRIX

$3K

— Hold $32.31

0.7% 3.9% 0.1% 1.4% 4.5% 2.0% 1.20

Pacific Index (72)

VPACX

$3K

— Hold $11.26

0.3% 5.3% 7.7% 4.2% 5.1% 2.2% 1.18

Total International Stock Index (113)

VGTSX

$3K

— Hold $15.02

0.7% 5.2% 3.8% 2.7% 3.7% 2.6% 1.14

Total World Stock Index (628)

VTWSX

$3K

— Hold $24.73

0.4% 6.7% 7.7% 7.1% 8.6% 2.1% 1.03

World ex-U.S. Index (770)

VFWIX

$3K

— Sell

$17.75

0.8% 5.2% 3.5% 2.5% 3.5% 2.6% 1.15

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

VFSVX

$3K

— Hold $37.22

-0.2% 6.0% 7.0% 4.4% 4.0% 2.5% 1.12