| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
% |
12b-1
Distribution Fee
|
|
Other
Expenses
|
% |
Total Annual
Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
%- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Total Stock Market Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%20.95 |
%15.43 |
%13.78 |
Return After
Taxes on Distributions
|
20.45 |
14.89 |
13.29 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
12.63 |
12.29 |
11.45 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
21.05 |
15.44 |
13.78 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Spliced Total
Stock Market Index |
20.99% |
15.44% |
13.80% |
CRSP US Total
Market Index |
20.99 |
15.44 |
— |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
|
12b-1
Distribution Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
%- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Extended Market Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%32.20 |
%16.05 |
%13.22 |
Return After
Taxes on Distributions
|
31.70 |
15.57 |
12.79 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
19.18 |
12.78 |
10.92 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
32.27 |
16.06 |
13.22 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Standard
& Poor's Completion Index |
32.17% |
15.93% |
13.12% |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
|
12b-1
Distribution Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
%- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Large-Cap Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%20.99 |
%15.66 |
%14.01 |
Return After
Taxes on Distributions
|
20.48 |
15.13 |
13.52 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
12.67 |
12.50 |
11.66 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
21.11 |
15.68 |
14.01 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Spliced Large
Cap Index |
21.09% |
15.71% |
14.07% |
CRSP US Large
Cap Index |
21.09 |
15.71 |
— |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
|
12b-1
Distribution Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
%- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Mid-Cap Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%18.22 |
%13.28 |
%12.40 |
Return After
Taxes on Distributions
|
17.69 |
12.81 |
12.00 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
10.98 |
10.51 |
10.24 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
18.26 |
13.29 |
12.39 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Spliced Mid
Cap Index |
18.24% |
13.30% |
12.44% |
CRSP US Mid
Cap Index |
18.24 |
13.30 |
— |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
|
12b-1
Distribution Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
%- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Small-Cap Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%19.08 |
%13.60 |
%12.00 |
Return After
Taxes on Distributions
|
18.65 |
13.11 |
11.55 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
11.45 |
10.74 |
9.83 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
19.15 |
13.61 |
12.00 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Spliced Small
Cap Index |
19.07% |
13.58% |
11.98% |
CRSP US Small
Cap Index |
19.07 |
13.58 |
— |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
|
12b-1
Distribution Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
%- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Value Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%2.23 |
%10.75 |
%11.23 |
Return After
Taxes on Distributions
|
1.51 |
10.06 |
10.59 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
1.69 |
8.43 |
9.18 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
2.29 |
10.76 |
11.23 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Spliced Value
Index
|
%2.26 |
%10.77 |
%11.27 |
CRSP US Large
Cap Value Index |
2.26 |
10.77 |
— |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
|
12b-1
Distribution Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
%- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Mid-Cap Value Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%2.50 |
%9.16 |
%10.70 |
Return After
Taxes on Distributions
|
1.80 |
8.54 |
10.16 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
1.80 |
7.13 |
8.73 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
2.56 |
9.17 |
10.69 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Spliced Mid
Cap Value Index |
2.50% |
9.19% |
10.75% |
CRSP US Mid
Cap Value Index |
2.50 |
9.19 |
— |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
|
12b-1
Distribution Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
%- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Small-Cap Value Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%5.82 |
%9.73 |
%10.07 |
Return After
Taxes on Distributions
|
5.28 |
9.11 |
9.47 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
3.66 |
7.54 |
8.11 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
5.91 |
9.75 |
10.07 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Spliced Small
Cap Value Index |
5.75% |
9.72% |
10.08% |
CRSP US Small
Cap Value Index |
5.75 |
9.72 |
— |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
% |
12b-1
Distribution Fee
|
|
Other
Expenses
|
% |
Total Annual
Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Growth Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%40.16 |
%20.33 |
%16.67 |
Return After
Taxes on Distributions
|
39.88 |
19.99 |
16.35 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
23.90 |
16.51 |
14.11 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
40.27 |
20.34 |
16.67 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Spliced
Growth Index
|
%40.27 |
%20.37 |
%16.74 |
CRSP US Large
Cap Growth Index |
40.27 |
20.37 |
— |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
|
12b-1
Distribution Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Mid-Cap Growth Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%34.46 |
%17.19 |
%13.87 |
Return After
Taxes on Distributions
|
34.21 |
16.93 |
13.66 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
20.47 |
13.85 |
11.62 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
34.51 |
17.20 |
13.87 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Spliced Mid
Cap Growth Index |
34.56% |
17.25% |
13.92% |
CRSP US Mid
Cap Growth Index |
34.56 |
17.25 |
— |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
|
12b-1
Distribution Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total Return |
Quarter |
|
% |
|
|
%- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Small-Cap Growth Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
%35.29 |
%17.99 |
%14.03 |
Return After
Taxes on Distributions
|
35.10 |
17.71 |
13.76 |
Return After
Taxes on Distributions and Sale of Fund Shares
|
20.95 |
14.50 |
11.72 |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
35.40 |
18.02 |
14.03 |
Comparative
Indexes
(reflect no
deduction for fees, expenses, or taxes)
|
|
|
|
Spliced Small
Cap Growth Index |
35.35% |
17.97% |
13.96% |
CRSP US Small
Cap Growth Index |
35.35 |
17.97 |
— |
Dow Jones
U.S. Total Stock Market Float Adjusted Index |
20.79 |
15.36 |
13.74 |
Vanguard
Fund
|
Vanguard
ETF Shares
|
Seeks
to Track
|
Total
Stock Market Index Fund |
Total
Stock Market ETF |
The
overall stock market |
Extended
Market Index Fund |
Extended
Market ETF |
Mid-
and small-cap stocks |
Large-Cap
Index Fund |
Large-Cap
ETF |
Large-cap
stocks |
Mid-Cap
Index Fund |
Mid-Cap
ETF |
Mid-cap
stocks |
Small-Cap
Index Fund |
Small-Cap
ETF |
Small-cap
stocks |
Value
Index Fund |
Value
ETF |
Large-cap
value stocks |
Mid-Cap
Value Index Fund |
Mid-Cap
Value ETF |
Mid-cap
value stocks |
Small-Cap
Value Index Fund |
Small-Cap
Value ETF |
Small-cap
value stocks |
Growth
Index Fund |
Growth
ETF |
Large-cap
growth stocks |
Mid-Cap
Growth Index Fund |
Mid-Cap
Growth ETF |
Mid-cap
growth stocks |
Small-Cap
Growth Index Fund |
Small-Cap
Growth ETF |
Small-cap
growth stocks |
Plain
Talk About Costs of Investing
|
Costs
are an important consideration in choosing an ETF. That is because
you,
as a shareholder, pay a proportionate share of the costs of operating a
fund
and any transaction costs incurred when the fund buys or sells
securities.
These costs can erode a substantial portion of the gross income
or
the capital appreciation a fund achieves. Even seemingly small differences
in
expenses can, over time, have a dramatic effect on a fund’s
performance.
|
Vanguard
Fund |
Asset-Weighted
Median
Market
Capitalization |
Total Stock
Market Index Fund |
$108.6
billion |
Extended
Market Index Fund |
7.8 |
Large-Cap
Index Fund |
157.8 |
Mid-Cap
Index Fund |
23.1 |
Small-Cap
Index Fund |
6.0 |
Value Index
Fund |
110.0 |
Mid-Cap
Value Index Fund |
18.8 |
Small-Cap
Value Index Fund |
5.0 |
Growth
Index Fund |
238.9 |
Mid-Cap
Growth Index Fund |
27.8 |
Small-Cap
Growth Index Fund |
7.6 |
Plain
Talk About Growth Funds and Value Funds |
Growth
investing and value investing are two styles employed by stock-fund
managers.
Growth funds generally invest in stocks of companies believed to
have
above-average potential for growth in revenue, earnings, cash flow, or
other
similar criteria. These stocks typically have low dividend yields, if any,
and
above-average prices in relation to measures such as earnings and book
value.
Value funds typically invest in stocks whose prices are below average
in
relation to those measures; these stocks often have above-average
dividend
yields. Value stocks also may remain undervalued by the market for
long
periods of time. Growth and value stocks have historically produced
similar
long-term returns, though each category has periods when it
outperforms
the other. |
Plain
Talk About Vanguard’s Unique Corporate Structure
|
The
Vanguard Group is owned jointly by the funds it oversees and thus
indirectly
by the shareholders in those funds. Most other mutual funds are
operated
by management companies that are owned by third parties—either
public
or private stockholders—and not by the funds they serve.
|
Plain
Talk About Distributions
|
As
a shareholder, you are entitled to your portion of a fund’s income from
interest
and dividends as well as capital gains from the fund’s sale of
investments.
Income consists of both the dividends that the fund earns from
any
stock holdings and the interest it receives from any money market and
bond
investments. Capital gains are realized whenever the fund sells
securities
for higher prices than it paid for them. These capital gains are
either
short-term or long-term, depending on whether the fund held the
securities
for one year or less or for more than one year.
|
|
Inception
Date |
Vanguard
Fund
Number |
CUSIP
Number |
Total
Stock Market Index Fund |
|
|
|
ETF
Shares |
5/24/2001
(Investor
Shares—4/27/1992) |
970 |
922908769 |
Extended
Market Index Fund |
|
|
|
ETF
Shares |
12/27/2001
(Investor
Shares—12/21/1987) |
965 |
922908652 |
Large-Cap
Index Fund |
|
|
|
ETF
Shares |
1/27/2004
(Investor
Shares—1/30/2004) |
961 |
922908637 |
Mid-Cap
Index Fund |
|
|
|
ETF
Shares |
1/26/2004
(Investor
Shares—5/21/1998) |
939 |
922908629 |
Small-Cap
Index Fund |
|
|
|
ETF
Shares |
1/26/2004
(Investor
Shares—10/3/1960) |
969 |
922908751 |
Value
Index Fund |
|
|
|
ETF
Shares |
1/26/2004
(Investor
Shares—11/2/1992) |
966 |
922908744 |
Mid-Cap
Value Index Fund |
|
|
|
ETF
Shares |
8/17/2006
(Investor
Shares—8/24/2006) |
935 |
922908512 |
Small-Cap
Value Index Fund |
|
|
|
ETF
Shares |
1/26/2004
(Investor
Shares—5/21/1998) |
937 |
922908611 |
Growth
Index Fund |
|
|
|
ETF
Shares |
1/26/2004
(Investor
Shares—11/2/1992) |
967 |
922908736 |
Mid-Cap
Growth Index Fund |
|
|
|
ETF
Shares |
8/17/2006
(Investor
Shares—8/24/2006) |
932 |
922908538 |
Small-Cap
Growth Index Fund |
|
|
|
ETF
Shares |
1/26/2004
(Investor
Shares—5/21/1998) |
938 |
922908595 |
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$163.70 |
$127.56 |
$137.06 |
$115.21 |
$104.34 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.8311 |
2.8091 |
2.7811 |
2.3611 |
2.214
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
30.848 |
36.236 |
(9.676) |
21.832 |
10.871
|
Total from
Investment Operations |
33.679 |
39.045 |
(6.895) |
24.193 |
13.085
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.769) |
(2.905) |
(2.605) |
(2.343) |
(2.215)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.769) |
(2.905) |
(2.605) |
(2.343) |
(2.215)
|
Net
Asset Value, End of Period
|
$194.61 |
$163.70 |
$127.56 |
$137.06 |
$115.21 |
Total
Return
|
20.95% |
30.80% |
–5.13% |
21.16% |
12.68% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$202,075 |
$138,067 |
$94,809 |
$91,862 |
$69,889
|
Ratio of
Total Expenses to Average Net Assets |
0.03% |
0.03% |
0.03% |
0.04% |
0.04%
|
Ratio of
Net Investment Income to Average Net
Assets |
1.73% |
1.89% |
1.97% |
1.87% |
2.09%
|
Portfolio
Turnover Rate2
|
8% |
4% |
3% |
3% |
4%
|
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$126.02 |
$99.77 |
$111.72 |
$95.86 |
$83.80 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.5091 |
1.6361 |
1.7421 |
1.4201 |
1.324
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
38.668 |
26.255 |
(12.036) |
15.835 |
12.107
|
Total from
Investment Operations |
40.177 |
27.891 |
(10.294) |
17.255 |
13.431
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.767) |
(1.641) |
(1.656) |
(1.395) |
(1.371)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(1.767) |
(1.641) |
(1.656) |
(1.395) |
(1.371)
|
Net
Asset Value, End of Period
|
$164.43 |
$126.02 |
$99.77 |
$111.72 |
$95.86 |
Total
Return
|
32.20% |
28.04% |
–9.37% |
18.10% |
16.16% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$13,761 |
$8,119 |
$6,095 |
$5,711 |
$4,387
|
Ratio of
Total Expenses to Average Net Assets |
0.06% |
0.06% |
0.07% |
0.08% |
0.08%
|
Ratio of
Net Investment Income to Average Net
Assets |
1.20% |
1.40% |
1.50% |
1.37% |
1.61%
|
Portfolio
Turnover Rate2
|
19% |
13% |
10% |
11% |
12%
|
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$147.88 |
$114.77 |
$122.49 |
$102.27 |
$93.52 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.5941 |
2.5811 |
2.5721 |
2.1681 |
2.018
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
27.890 |
33.204 |
(7.896) |
20.196 |
8.754
|
Total from
Investment Operations |
30.484 |
35.785 |
(5.324) |
22.364 |
10.772
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.564) |
(2.675) |
(2.396) |
(2.144) |
(2.022)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.564) |
(2.675) |
(2.396) |
(2.144) |
(2.022)
|
Net
Asset Value, End of Period
|
$175.80 |
$147.88 |
$114.77 |
$122.49 |
$102.27 |
Total
Return
|
20.99% |
31.39% |
–4.44% |
22.03% |
11.65% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$21,540 |
$16,270 |
$12,358 |
$11,613 |
$8,468
|
Ratio of
Total Expenses to Average Net Assets |
0.04% |
0.04% |
0.04% |
0.05% |
0.06%
|
Ratio of
Net Investment Income to Average Net
Assets |
1.74% |
1.93% |
2.04% |
1.93% |
2.14%
|
Portfolio
Turnover Rate2
|
3% |
5% |
4% |
3% |
5%
|
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$178.14 |
$138.08 |
$154.65 |
$131.55 |
$120.07 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.7721 |
2.6631 |
2.5351 |
2.1121 |
1.877
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
29.084 |
40.043 |
(16.584) |
23.076 |
11.510
|
Total from
Investment Operations |
31.856 |
42.706 |
(14.049) |
25.188 |
13.387
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.996) |
(2.646) |
(2.521) |
(2.088) |
(1.907)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.996) |
(2.646) |
(2.521) |
(2.088) |
(1.907)
|
Net
Asset Value, End of Period
|
$207.00 |
$178.14 |
$138.08 |
$154.65 |
$131.55 |
Total
Return
|
18.22% |
31.04% |
–9.21% |
19.25% |
11.23% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$41,587 |
$29,014 |
$21,261 |
$21,937 |
$16,544
|
Ratio of
Total Expenses to Average Net Assets |
0.04% |
0.04% |
0.04% |
0.05% |
0.06%
|
Ratio of
Net Investment Income to Average Net
Assets |
1.61% |
1.62% |
1.62% |
1.46% |
1.54%
|
Portfolio
Turnover Rate2
|
26% |
15% |
16% |
14% |
15%
|
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$165.64 |
$131.94 |
$147.71 |
$128.90 |
$110.71 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.2621 |
2.2981 |
2.2391 |
2.0371 |
1.899
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
28.863 |
33.707 |
(15.808) |
18.768 |
18.221
|
Total from
Investment Operations |
31.125 |
36.005 |
(13.569) |
20.805 |
20.120
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.225) |
(2.305) |
(2.201) |
(1.995) |
(1.930)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.225) |
(2.305) |
(2.201) |
(1.995) |
(1.930)
|
Net
Asset Value, End of Period
|
$194.54 |
$165.64 |
$131.94 |
$147.71 |
$128.90 |
Total
Return
|
19.08% |
27.37% |
–9.30% |
16.24% |
18.31% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$37,492 |
$27,442 |
$20,914 |
$21,605 |
$16,153
|
Ratio of
Total Expenses to Average Net Assets |
0.05% |
0.05% |
0.05% |
0.05% |
0.06%
|
Ratio of
Net Investment Income to Average Net
Assets |
1.47% |
1.49% |
1.46% |
1.48% |
1.67%
|
Portfolio
Turnover Rate2
|
22% |
16% |
15% |
15% |
14%
|
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$119.90 |
$97.84 |
$106.14 |
$92.87 |
$81.56 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
3.0551 |
3.0461 |
2.7221 |
2.4731 |
2.282
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
(0.935) |
22.014 |
(8.352) |
13.234 |
11.301
|
Total from
Investment Operations |
2.120 |
25.060 |
(5.630) |
15.707 |
13.583
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(3.040) |
(3.000) |
(2.670) |
(2.437) |
(2.273)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(3.040) |
(3.000) |
(2.670) |
(2.437) |
(2.273)
|
Net
Asset Value, End of Period
|
$118.98 |
$119.90 |
$97.84 |
$106.14 |
$92.87 |
Total
Return
|
2.23% |
25.85% |
–5.39% |
17.12% |
16.88% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$61,580 |
$55,909 |
$41,510 |
$36,560 |
$27,126
|
Ratio of
Total Expenses to Average Net Assets |
0.04% |
0.04% |
0.04% |
0.05% |
0.06%
|
Ratio of
Net Investment Income to Average Net
Assets |
2.87% |
2.76% |
2.56% |
2.52% |
2.76%
|
Portfolio
Turnover Rate2
|
10% |
12% |
8% |
9% |
7%
|
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$119.27 |
$95.22 |
$111.47 |
$97.12 |
$85.99 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.7811,2 |
2.4971 |
2.6451,3 |
2.1161 |
1.822
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
(0.310) |
23.996 |
(16.278) |
14.306 |
11.170
|
Total from
Investment Operations |
2.471 |
26.493 |
(13.633) |
16.422 |
12.992
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.811) |
(2.443) |
(2.617) |
(2.072) |
(1.862)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.811) |
(2.443) |
(2.617) |
(2.072) |
(1.862)
|
Net
Asset Value, End of Period
|
$118.93 |
$119.27 |
$95.22 |
$111.47 |
$97.12 |
Total
Return
|
2.50% |
27.98% |
–12.41% |
17.05% |
15.26% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$11,061 |
$10,339 |
$7,898 |
$8,355 |
$6,383
|
Ratio of
Total Expenses to Average Net Assets |
0.07% |
0.07% |
0.07% |
0.07% |
0.07%
|
Ratio of
Net Investment Income to Average Net
Assets |
2.69%2 |
2.26% |
2.41%3 |
2.04% |
2.14%
|
Portfolio
Turnover Rate4
|
39% |
17% |
17% |
17% |
20%
|
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$137.05 |
$114.05 |
$132.71 |
$120.95 |
$98.81 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.5841 |
2.8401 |
2.7201 |
2.4271 |
2.119
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
4.884 |
22.984 |
(18.702) |
11.709 |
22.159
|
Total from
Investment Operations |
7.468 |
25.824 |
(15.982) |
14.136 |
24.278
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.388) |
(2.824) |
(2.678) |
(2.376) |
(2.138)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.388) |
(2.824) |
(2.678) |
(2.376) |
(2.138)
|
Net
Asset Value, End of Period
|
$142.13 |
$137.05 |
$114.05 |
$132.71 |
$120.95 |
Total
Return
|
5.82% |
22.76% |
–12.22% |
11.79% |
24.80% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$17,837 |
$14,808 |
$11,560 |
$12,650 |
$10,042
|
Ratio of
Total Expenses to Average Net Assets |
0.07% |
0.07% |
0.07% |
0.07% |
0.07%
|
Ratio of
Net Investment Income to Average Net
Assets |
2.23% |
2.19% |
2.04% |
1.94% |
2.08%
|
Portfolio
Turnover Rate2
|
26% |
19% |
18% |
19% |
18%
|
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$182.31 |
$134.21 |
$140.55 |
$111.33 |
$106.40 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.6831 |
1.7731 |
1.8071 |
1.6261 |
1.528
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
71.131 |
48.065 |
(6.373) |
29.200 |
4.949
|
Total from
Investment Operations |
72.814 |
49.838 |
(4.566) |
30.826 |
6.477
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.684) |
(1.738) |
(1.774) |
(1.606) |
(1.547)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(1.684) |
(1.738) |
(1.774) |
(1.606) |
(1.547)
|
Net
Asset Value, End of Period
|
$253.44 |
$182.31 |
$134.21 |
$140.55 |
$111.33 |
Total
Return
|
40.16% |
37.26% |
–3.32% |
27.80% |
6.13% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$68,474 |
$46,481 |
$32,489 |
$31,399 |
$23,040
|
Ratio of
Total Expenses to Average Net Assets |
0.04% |
0.04% |
0.04% |
0.05% |
0.06%
|
Ratio of
Net Investment Income to Average Net
Assets |
0.81% |
1.09% |
1.21% |
1.27% |
1.43%
|
Portfolio
Turnover Rate2
|
6% |
11% |
11% |
8% |
11%
|
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$158.76 |
$119.58 |
$127.67 |
$105.60 |
$99.75 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.0741 |
1.3861 |
1.0161 |
0.9321 |
0.863
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
53.347 |
39.040 |
(8.101) |
22.058 |
5.848
|
Total from
Investment Operations |
54.421 |
40.426 |
(7.085) |
22.990 |
6.711
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.181) |
(1.246) |
(1.005) |
(0.920) |
(0.861)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(1.181) |
(1.246) |
(1.005) |
(0.920) |
(0.861)
|
Net
Asset Value, End of Period
|
$212.00 |
$158.76 |
$119.58 |
$127.67 |
$105.60 |
Total
Return
|
34.46% |
33.86% |
–5.60% |
21.83% |
6.75% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$10,164 |
$6,995 |
$4,956 |
$5,130 |
$3,576
|
Ratio of
Total Expenses to Average Net Assets |
0.07% |
0.07% |
0.07% |
0.07% |
0.07%
|
Ratio of
Net Investment Income to Average Net
Assets |
0.63% |
0.95% |
0.76% |
0.79% |
0.86%
|
Portfolio
Turnover Rate2
|
22% |
18% |
25% |
23% |
21%
|
|
Year Ended December 31,
| ||||
For a Share
Outstanding Throughout Each Period |
2020 |
2019 |
2018 |
2017 |
2016
|
Net
Asset Value, Beginning of Period
|
$198.68 |
$150.57 |
$160.81 |
$133.07 |
$121.53 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.1291 |
1.1751 |
1.2141 |
1.3201 |
1.416
|
Net
Realized and Unrealized Gain (Loss) on
Investments |
68.729 |
48.077 |
(10.263) |
27.731 |
11.563
|
Total from
Investment Operations |
69.858 |
49.252 |
(9.049) |
29.051 |
12.979
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.178) |
(1.142) |
(1.191) |
(1.311) |
(1.439)
|
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(1.178) |
(1.142) |
(1.191) |
(1.311) |
(1.439)
|
Net
Asset Value, End of Period
|
$267.36 |
$198.68 |
$150.57 |
$160.81 |
$133.07 |
Total
Return
|
35.29% |
32.75% |
–5.68% |
21.90% |
10.74% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net Assets,
End of Period (Millions) |
$14,436 |
$9,833 |
$7,286 |
$6,981 |
$5,328
|
Ratio of
Total Expenses to Average Net Assets |
0.07% |
0.07% |
0.07% |
0.07% |
0.07%
|
Ratio of
Net Investment Income to Average Net
Assets |
0.55% |
0.64% |
0.70% |
0.90% |
1.15%
|
Portfolio
Turnover Rate2
|
24% |
18% |
22% |
19% |
27%
|