| |
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 |
Since
Inception
(Sept.
20,
2010)
|
Vanguard
Russell 1000 Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
31.36% |
11.34% |
14.00% |
Return
After Taxes on Distributions |
30.81 |
10.85 |
13.56 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
18.90 |
8.94 |
11.64 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
31.34 |
11.33 |
14.00 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
Russell
1000 Index |
31.43% |
11.48% |
14.14% |
Dow
Jones U.S. Total Stock Market Float Adjusted Index |
30.90 |
11.18 |
13.94 |
| |
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 |
Since
Inception
(Sept.
20,
2010)
|
Vanguard
Russell 1000 Value Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
26.50% |
8.17% |
12.02% |
Return
After Taxes on Distributions |
25.74 |
7.55 |
11.47 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
16.11 |
6.33 |
9.87 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
26.51 |
8.16 |
12.02 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
Russell
1000 Value Index |
26.54% |
8.29% |
12.16% |
Dow
Jones U.S. Total Stock Market Float Adjusted Index |
30.90 |
11.18 |
13.94 |
| |
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 |
Since
Inception
(Sept.
20,
2010)
|
Vanguard
Russell 1000 Growth Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
36.29% |
14.51% |
15.91% |
Return
After Taxes on Distributions |
35.93 |
14.15 |
15.57 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
21.70 |
11.59 |
13.37 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
36.33 |
14.50 |
15.91 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
Russell
1000 Growth Index |
36.39% |
14.63% |
16.06% |
Dow
Jones U.S. Total Stock Market Float Adjusted Index |
30.90 |
11.18 |
13.94 |
| |
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 |
Since
Inception
(Sept.
20,
2010)
|
Vanguard
Russell 2000 Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
25.61% |
8.26% |
11.86% |
Return
After Taxes on Distributions |
25.10 |
7.85 |
11.48 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
15.35 |
6.39 |
9.72 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
25.63 |
8.26 |
11.86 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
Russell
2000 Index |
25.53% |
8.23% |
11.86% |
Dow
Jones U.S. Total Stock Market Float Adjusted Index |
30.90 |
11.18 |
13.94 |
| |
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 |
Since
Inception
(Sept.
20,
2010)
|
Vanguard
Russell 2000 Value Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
22.33% |
6.90% |
10.44% |
Return
After Taxes on Distributions |
21.67 |
6.32 |
9.90 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
13.47 |
5.23 |
8.41 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
22.95 |
6.89 |
10.44 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
Russell
2000 Value Index |
22.39% |
6.99% |
10.58% |
Dow
Jones U.S. Total Stock Market Float Adjusted Index |
30.90 |
11.18 |
13.94 |
| |
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 |
Since
Inception
(Sept.
20,
2010)
|
Vanguard
Russell 2000 Growth Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
28.59% |
9.37% |
13.05% |
Return
After Taxes on Distributions |
28.31 |
9.14 |
12.86 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
17.03 |
7.35 |
10.85 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
28.70 |
9.37 |
13.05 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
Russell
2000 Growth Index |
28.48% |
9.34% |
13.07% |
Dow
Jones U.S. Total Stock Market Float Adjusted Index |
30.90 |
11.18 |
13.94 |
| |
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 |
Since
Inception
(Sept.
20,
2010)
|
Vanguard
Russell 3000 Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
30.93% |
11.09% |
13.82% |
Return
After Taxes on Distributions |
30.38 |
10.62 |
13.39 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
18.65 |
8.74 |
11.48 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
30.92 |
11.08 |
13.82 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
Russell
3000 Index |
31.02% |
11.24% |
13.97% |
Dow
Jones U.S. Total Stock Market Float Adjusted Index |
30.90 |
11.18 |
13.94 |
Vanguard
Fund |
Vanguard
ETF Shares |
Seeks
to Track |
Russell
1000 Index Fund |
Russell
1000 ETF |
Large-cap
stocks |
Russell
1000 Value Index Fund |
Russell
1000 Value ETF |
Large-cap
value stocks |
Russell
1000 Growth Index Fund |
Russell
1000 Growth ETF |
Large-cap
growth stocks |
Russell
2000 Index Fund |
Russell
2000 ETF |
Small-cap
stocks |
Russell
2000 Value Index Fund |
Russell
2000 Value ETF |
Small-cap
value stocks |
Russell
2000 Growth Index Fund |
Russell
2000 Growth ETF |
Small-cap
growth stocks |
Russell
3000 Index Fund |
Russell
3000 ETF |
The
broad stock market |
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 |
Russell
1000 Index Fund |
$139.59
billion |
Russell
1000 Value Index Fund |
64.45
|
Russell
1000 Growth Index Fund |
296.30
|
Russell
2000 Index Fund |
2.12
|
Russell
2000 Value Index Fund |
1.65
|
Russell
2000 Growth Index Fund |
2.78
|
Russell
3000 Index Fund |
124.51
|
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
|
Russell
1000 Index Fund
|
|
|
|
ETF
Shares |
9/20/2010
|
3348
|
92206C730
|
Russell
1000 Value Index Fund
|
|
|
|
ETF
Shares |
9/20/2010
|
3349
|
92206C714
|
Russell
1000 Growth Index Fund
|
|
|
|
ETF
Shares |
9/20/2010
|
3350
|
92206C680
|
Russell
2000 Index Fund
|
|
|
|
ETF
Shares |
9/20/2010
|
3351
|
92206C664
|
Russell
2000 Value Index Fund
|
|
|
|
ETF
Shares |
9/20/2010
|
3352
|
92206C649
|
Russell
2000 Growth Index Fund
|
|
|
|
ETF
Shares |
9/20/2010
|
3353
|
92206C623
|
Russell
3000 Index Fund
|
|
|
|
ETF
Shares |
9/20/2010
|
3354
|
92206C599
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$134.37
|
$133.57
|
$113.60
|
$99.81
|
$91.37
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.5251
|
2.3951
|
2.2091
|
2.0541
|
1.892
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
27.028
|
0.759
|
19.896
|
13.753
|
8.383
|
Total
from Investment Operations |
29.553
|
3.154
|
22.105
|
15.807
|
10.275
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.563)
|
(2.354)
|
(2.135)
|
(2.017)
|
(1.835)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(2.563)
|
(2.354)
|
(2.135)
|
(2.017)
|
(1.835)
|
Net
Asset Value, End of Period
|
$161.36
|
$134.37
|
$133.57
|
$113.60
|
$99.81
|
Total
Return
|
22.39%
|
2.45%
|
19.68%
|
16.02%
|
11.41%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$1,678
|
$1,196
|
$1,008
|
$724
|
$679
|
Ratio
of Total Expenses to Average Net Assets |
0.08%
|
0.08%
|
0.12%
|
0.12%
|
0.12%
|
Ratio
of Net Investment Income to Average Net
Assets
|
1.79%
|
1.85%
|
1.78%
|
1.94%
|
2.05%
|
Portfolio
Turnover Rate2
|
9%
|
6%
|
9%
|
11%
|
9%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$109.22
|
$111.20
|
$101.32
|
$93.14
|
$84.77
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.8151
|
2.7131
|
2.5221
|
2.4371
|
2.205
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
(2.121)
|
(2.107)
|
9.836
|
8.109
|
8.312
|
Total
from Investment Operations |
0.694
|
0.606
|
12.358
|
10.546
|
10.517
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.884)
|
(2.586)
|
(2.478)
|
(2.366)
|
(2.147)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(2.884)
|
(2.586)
|
(2.478)
|
(2.366)
|
(2.147)
|
Net
Asset Value, End of Period
|
$107.03
|
$109.22
|
$111.20
|
$101.32
|
$93.14
|
Total
Return
|
0.75%
|
0.60%
|
12.36%
|
11.45%
|
12.65%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$2,646
|
$1,914
|
$1,487
|
$1,153
|
$668
|
Ratio
of Total Expenses to Average Net Assets |
0.08%
|
0.08%
|
0.12%
|
0.12%
|
0.12%
|
Ratio
of Net Investment Income to Average Net
Assets
|
2.65%
|
2.51%
|
2.35%
|
2.48%
|
2.58%
|
Portfolio
Turnover Rate2
|
24%
|
17%
|
16%
|
22%
|
18%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$164.56
|
$159.56
|
$127.08
|
$106.90
|
$98.24
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.9001
|
1.9221
|
1.7621
|
1.6841
|
1.602
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
70.098
|
4.711
|
32.386
|
20.177
|
8.556
|
Total
from Investment Operations |
71.998
|
6.633
|
34.148
|
21.861
|
10.158
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.938)
|
(1.633)
|
(1.668)
|
(1.681)
|
(1.498)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(1.938)
|
(1.633)
|
(1.668)
|
(1.681)
|
(1.498)
|
Net
Asset Value, End of Period
|
$234.62
|
$164.56
|
$159.56
|
$127.08
|
$106.90
|
Total
Return
|
44.18%
|
4.20%
|
27.09%
|
20.66%
|
10.44%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$4,951
|
$2,872
|
$2,083
|
$1,319
|
$738
|
Ratio
of Total Expenses to Average Net Assets |
0.08%
|
0.08%
|
0.12%
|
0.12%
|
0.12%
|
Ratio
of Net Investment Income to Average Net
Assets
|
1.04%
|
1.25%
|
1.24%
|
1.45%
|
1.60%
|
Portfolio
Turnover Rate2
|
14%
|
17%
|
15%
|
21%
|
15%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$119.75
|
$139.11
|
$112.21
|
$98.98
|
$92.71
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.6191
|
1.5931
|
1.5541
|
1.4431
|
1.302
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
5.640
|
(19.408)
|
26.846
|
13.255
|
6.537
|
Total
from Investment Operations |
7.259
|
(17.815)
|
28.400
|
14.698
|
7.839
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.629)
|
(1.545)
|
(1.500)
|
(1.468)
|
(1.569)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(1.629)
|
(1.545)
|
(1.500)
|
(1.468)
|
(1.569)
|
Net
Asset Value, End of Period
|
$125.38
|
$119.75
|
$139.11
|
$112.21
|
$98.98
|
Total
Return
|
6.12%
|
–12.83%
|
25.49%
|
14.94%
|
8.62%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$1,802
|
$1,464
|
$1,715
|
$1,083
|
$698
|
Ratio
of Total Expenses to Average Net Assets |
0.10%
|
0.10%
|
0.15%
|
0.15%
|
0.15%
|
Ratio
of Net Investment Income to Average Net
Assets
|
1.37%
|
1.30%
|
1.23%
|
1.34%
|
1.52%
|
Portfolio
Turnover Rate2
|
19%
|
16%
|
19%
|
23%
|
19%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$99.51
|
$119.05
|
$100.96
|
$90.64
|
$81.88
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.8681
|
1.9121
|
1.9051
|
1.7361
|
1.561
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
(7.771)
|
(19.589)
|
18.070
|
10.358
|
9.305
|
Total
from Investment Operations |
(5.903)
|
(17.677)
|
19.975
|
12.094
|
10.866
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.847)
|
(1.863)
|
(1.885)
|
(1.774)
|
(2.106)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(1.847)
|
(1.863)
|
(1.885)
|
(1.774)
|
(2.106)
|
Net
Asset Value, End of Period
|
$91.76
|
$99.51
|
$119.05
|
$100.96
|
$90.64
|
Total
Return
|
–6.05%
|
–14.93%
|
19.96%
|
13.42%
|
13.62%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$303
|
$251
|
$223
|
$172
|
$120
|
Ratio
of Total Expenses to Average Net Assets |
0.15%
|
0.15%
|
0.20%
|
0.20%
|
0.20%
|
Ratio
of Net Investment Income to Average Net
Assets
|
1.99%
|
1.83%
|
1.73%
|
1.76%
|
2.02%
|
Portfolio
Turnover Rate2
|
38%
|
27%
|
30%
|
36%
|
31%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$141.63
|
$160.12
|
$123.26
|
$106.98
|
$104.34
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.0971
|
0.9711
|
0.8951
|
0.9611
|
0.989
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
23.237
|
(18.527)
|
36.791
|
16.455
|
2.721
|
Total
from Investment Operations |
24.334
|
(17.556)
|
37.686
|
17.416
|
3.710
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.134)
|
(0.934)
|
(0.826)
|
(1.136)
|
(1.070)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(1.134)
|
(0.934)
|
(0.826)
|
(1.136)
|
(1.070)
|
Net
Asset Value, End of Period
|
$164.83
|
$141.63
|
$160.12
|
$123.26
|
$106.98
|
Total
Return
|
17.32%
|
–10.97%
|
30.69%
|
16.39%
|
3.62%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$371
|
$301
|
$328
|
$194
|
$144
|
Ratio
of Total Expenses to Average Net Assets |
0.15%
|
0.15%
|
0.20%
|
0.20%
|
0.20%
|
Ratio
of Net Investment Income to Average Net
Assets
|
0.75%
|
0.68%
|
0.64%
|
0.83%
|
0.99%
|
Portfolio
Turnover Rate2
|
38%
|
28%
|
35%
|
34%
|
33%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$133.26
|
$133.98
|
$113.52
|
$99.77
|
$91.43
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.4161
|
2.3121
|
2.0991
|
1.9801
|
1.850
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
25.494
|
(0.730)
|
20.442
|
13.722
|
8.248
|
Total
from Investment Operations |
27.910
|
1.582
|
22.541
|
15.702
|
10.098
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.460)
|
(2.302)
|
(2.081)
|
(1.952)
|
(1.758)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(2.460)
|
(2.302)
|
(2.081)
|
(1.952)
|
(1.758)
|
Net
Asset Value, End of Period
|
$158.71
|
$133.26
|
$133.98
|
$113.52
|
$99.77
|
Total
Return
|
21.31%
|
1.25%
|
20.07%
|
15.92%
|
11.20%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$710
|
$463
|
$412
|
$343
|
$282
|
Ratio
of Total Expenses to Average Net Assets |
0.10%
|
0.10%
|
0.15%
|
0.15%
|
0.15%
|
Ratio
of Net Investment Income to Average Net
Assets
|
1.74%
|
1.79%
|
1.70%
|
1.85%
|
1.98%
|
Portfolio
Turnover Rate2
|
8%
|
10%
|
14%
|
16%
|
8%
|