| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
Transaction
Fee on Conversion to ETF Shares
|
|
| |
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
Communication Services Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
|
|
|
Return After
Taxes on Distributions
|
|
|
|
Return After
Taxes on Distributions and Sale of Fund Shares
|
|
|
|
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
|
|
|
Communication
Services Spliced Index1
(reflects no
deduction for fees, expenses, or taxes)
|
|
|
|
MSCI
US IMI/Communication Services 25/50
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US Investable Market 2500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
Transaction
Fee on Conversion to ETF Shares
|
|
| |
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
Consumer Discretionary Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
|
|
|
Return After
Taxes on Distributions
|
|
|
|
Return After
Taxes on Distributions and Sale of Fund Shares
|
|
|
|
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
|
|
|
Consumer
Discretionary Spliced Index1
(reflects no
deduction for fees, expenses, or taxes)
|
|
|
|
MSCI
US IMI/Consumer Discretionary 25/50
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US Investable Market 2500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
Transaction
Fee on Conversion to ETF Shares
|
|
| |
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
Consumer Staples Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
|
|
|
Return After
Taxes on Distributions
|
|
|
|
Return After
Taxes on Distributions and Sale of Fund Shares
|
|
|
|
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
|
|
|
MSCI
US IMI/Consumer Staples 25/50
(reflects no
deduction for fees, expenses, or taxes)
|
|
|
|
MSCI
US Investable Market 2500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
Transaction
Fee on Conversion to ETF Shares
|
|
| |
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
Energy Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
- |
- |
- |
Return After
Taxes on Distributions
|
- |
- |
- |
Return After
Taxes on Distributions and Sale of Fund Shares
|
- |
- |
- |
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
- |
- |
- |
MSCI
US IMI/Energy 25/50
(reflects no
deduction for fees, expenses, or taxes)
|
- |
- |
- |
MSCI
US Investable Market 2500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
Transaction
Fee on Conversion to ETF Shares
|
|
| |
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
Financials Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
- |
|
|
Return After
Taxes on Distributions
|
- |
|
|
Return After
Taxes on Distributions and Sale of Fund Shares
|
- |
|
|
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
- |
|
|
MSCI
US IMI/Financials 25/50
(reflects no
deduction for fees, expenses, or taxes)
|
- |
|
|
MSCI
US Investable Market 2500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
Transaction
Fee on Conversion to ETF Shares
|
|
| |
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
Health Care Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
|
|
|
Return After
Taxes on Distributions
|
|
|
|
Return After
Taxes on Distributions and Sale of Fund Shares
|
|
|
|
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
|
|
|
MSCI
US IMI/Health Care 25/50
(reflects no
deduction for fees, expenses, or taxes)
|
|
|
|
MSCI
US Investable Market 2500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
Transaction
Fee on Conversion to ETF Shares
|
|
| |
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
Industrials Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
|
|
|
Return After
Taxes on Distributions
|
|
|
|
Return After
Taxes on Distributions and Sale of Fund Shares
|
|
|
|
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
|
|
|
MSCI
US IMI/Industrials 25/50
(reflects no
deduction for fees, expenses, or taxes)
|
|
|
|
MSCI
US Investable Market 2500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
Transaction
Fee on Conversion to ETF Shares
|
|
| |
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
Information Technology Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
|
|
|
Return After
Taxes on Distributions
|
|
|
|
Return After
Taxes on Distributions and Sale of Fund Shares
|
|
|
|
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
|
|
|
Information
Technology Spliced Index1
(reflects no
deduction for fees, expenses, or taxes)
|
|
|
|
MSCI
US IMI/Information Technology 25/50
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US Investable Market 2500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
Transaction
Fee on Conversion to ETF Shares
|
|
| |
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
Materials Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
|
|
|
Return After
Taxes on Distributions
|
|
|
|
Return After
Taxes on Distributions and Sale of Fund Shares
|
|
|
|
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
|
|
|
MSCI
US IMI/Materials 25/50
(reflects no
deduction for fees, expenses, or taxes)
|
|
|
|
MSCI
US Investable Market 2500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
Transaction
Fee on Conversion to ETF Shares
|
|
| |
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
Utilities Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return Before
Taxes
|
- |
|
|
Return After
Taxes on Distributions
|
- |
|
|
Return After
Taxes on Distributions and Sale of Fund Shares
|
|
|
|
Based
on Market Price
|
|
|
|
Return Before
Taxes
|
- |
|
|
MSCI
US IMI/Utilities 25/50
(reflects no
deduction for fees, expenses, or taxes)
|
- |
|
|
MSCI
US Investable Market 2500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
Vanguard
Fund |
Vanguard
ETF Shares |
Communication
Services Index Fund |
Communication
Services ETF |
Consumer
Discretionary Index Fund |
Consumer
Discretionary ETF |
Consumer
Staples Index Fund |
Consumer
Staples ETF |
Energy
Index Fund |
Energy
ETF |
Financials
Index Fund |
Financials
ETF |
Health
Care Index Fund |
Health
Care ETF |
Industrials
Index Fund |
Industrials
ETF |
Information
Technology Index Fund |
Information
Technology ETF |
Materials
Index Fund |
Materials
ETF |
Utilities
Index Fund |
Utilities
ETF |
Communication
Services |
Health
Care |
|
|
Consumer
Discretionary |
Industrials
|
|
|
Consumer
Staples |
Information
Technology |
|
|
Energy
|
Materials
|
|
|
Financials
|
Utilities
|
|
|
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.
|
Sectors
and Key Past Performance Factors |
Communication
Services Sector:
Overall
economic conditions, competition, and government regulation.
|
Consumer
Discretionary Sector:
Overall
economic conditions, interest rates, consumer confidence, and disposable
income. |
Consumer
Staples Sector:
Consumer
tastes, government regulation, marketing, and consumer confidence.
|
Energy
Sector:
Geopolitical
events, government regulation, economic cycles, and fuel prices.
|
Financials
Sector:
Government
regulation, interest rates, cost of capital funds, credit losses, and
financial
markets.
|
Health
Care Sector:
Patent
protection, government regulation, research and development costs,
litigation, and
competitive
forces. |
Industrials
Sector:
Government
regulation, world events and economic conditions, insurance costs, and
labor
relations
issues. |
Information
Technology Sector:
Overall
economic conditions, short product cycles, rapid obsolescence of products,
competition,
and government regulation. |
Materials
Sector:
Commodity
prices, government regulation, inflation expectations, resource
availability, and
economic
cycles. |
Utilities
Sector:
Government
regulation, overall economic conditions, and fuel prices.
|
Target
Index |
Large-Cap
˃$36.06
billion |
Mid-Cap
$6.46 -
$36.06 billion |
Small-Cap
˂$6.46
billion |
MSCI US
Investable Market Index
(IMI)/Communication
Services 25/50 |
77.20%
|
15.30%
|
7.50%
|
MSCI US
Investable Market Index
(IMI)/Consumer
Discretionary 25/50 |
67.90
|
22.50
|
9.60
|
MSCI US
Investable Market Index
(IMI)/Consumer
Staples 25/50 |
76.90
|
16.60
|
6.40
|
MSCI US
Investable Market Index
(IMI)/Energy
25/50 |
61.50
|
27.20
|
11.30
|
MSCI US
Investable Market Index
(IMI)/Financials
25/50 |
70.00
|
19.30
|
10.70
|
MSCI US
Investable Market Index
(IMI)/Health
Care 25/50 |
74.70
|
17.30
|
8.00
|
MSCI US
Investable Market Index
(IMI)/Industrials
25/50 |
55.40
|
32.40
|
12.00
|
MSCI US
Investable Market Index
(IMI)/Information
Technology 25/50 |
85.40
|
11.20
|
3.40
|
MSCI US
Investable Market Index
(IMI)/Materials
25/50 |
48.50
|
38.90
|
12.60
|
MSCI US
Investable Market Index
(IMI)/Utilities
25/50 |
49.50
|
42.20
|
8.20
|
Vanguard
Fund |
Number of
Stocks
in Target
Index |
|
Percentage
of
Index
Holdings in
Top 10
Stocks |
Communication
Services Index Fund |
113 |
|
69.58% |
Consumer
Discretionary Index Fund |
295 |
|
56.48 |
Consumer
Staples Index Fund |
97 |
|
65.42 |
Energy Index
Fund |
94 |
|
67.22 |
Financials
Index Fund |
394 |
|
41.96 |
Health Care
Index Fund |
450 |
|
41.12 |
Industrials
Index Fund |
356 |
|
29.42 |
Information
Technology Index Fund |
337 |
|
58.40 |
Materials
Index Fund |
117 |
|
48.48 |
Utilities
Index Fund |
64 |
|
55.45 |
Plain
Talk About Derivatives
|
Derivatives
can take many forms. Some forms of derivatives—such as
exchange-traded
futures and options on securities, commodities, or
indexes—have
been trading on regulated exchanges for decades. These
types
of derivatives are standardized contracts that can easily be bought and
sold
and whose market values are determined and published daily. On the
other
hand, non-exchange-traded derivatives—such as certain swap
agreements—tend
to be more specialized or complex and may be more
difficult
to accurately value.
|
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
|
Communication
Services Index Fund
|
|
|
|
ETF
Shares |
9/23/2004
|
959
|
92204A884
|
Consumer
Discretionary Index Fund
|
|
|
|
ETF
Shares |
1/26/2004
|
954
|
92204A108
|
Consumer
Staples Index Fund
|
|
|
|
ETF
Shares |
1/26/2004
|
955
|
92204A207
|
Energy
Index Fund
|
|
|
|
ETF
Shares |
9/23/2004
|
951
|
92204A306
|
Financials
Index Fund
|
|
|
|
ETF
Shares |
1/26/2004
|
957
|
92204A405
|
Health
Care Index Fund
|
|
|
|
ETF
Shares |
1/26/2004
|
956
|
92204A504
|
Industrials
Index Fund
|
|
|
|
ETF
Shares |
9/23/2004
|
953
|
92204A603
|
Information
Technology Index Fund
|
|
|
|
ETF
Shares |
1/26/2004
|
958
|
92204A702
|
Materials
Index Fund
|
|
|
|
ETF
Shares |
1/26/2004
|
952
|
92204A801
|
Utilities
Index Fund
|
|
|
|
ETF
Shares |
1/26/2004
|
960
|
92204A876
|
|
Year Ended August 31,
| ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017
|
Net
Asset Value, Beginning of Period
|
$108.04 |
$87.24 |
$86.83 |
$93.54 |
$95.16 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income1
|
1.018 |
1.005 |
.917 |
3.067 |
3.108 |
Net
Realized and Unrealized Gain (Loss) on Investments |
41.708 |
20.743 |
.316 |
(6.297) |
(1.587) |
Total from
Investment Operations |
42.726 |
21.748 |
1.233 |
(3.230) |
1.521 |
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(.896) |
(.948) |
(.823) |
(3.480) |
(3.141) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(.896) |
(.948) |
(.823) |
(3.480) |
(3.141) |
Net
Asset Value, End of Period
|
$149.87 |
$108.04 |
$87.24 |
$86.83 |
$93.54 |
Total
Return
|
39.75% |
25.15% |
1.47% |
-3.50% |
1.62% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$4,787
|
$2,914 |
$2,016 |
$1,015 |
$1,388
|
Ratio of
Total Expenses to Average Net Assets |
0.10% |
0.10% |
0.10% |
0.10% |
0.10%
|
Ratio of
Net Investment Income to Average Net Assets |
0.80% |
1.09% |
1.09% |
3.48% |
3.26%
|
Portfolio
Turnover Rate2
|
15% |
15% |
33% |
84% |
18%
|
|
|
1 |
Calculated
based on average shares outstanding. |
2 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|
|
Year Ended August 31,
| ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017
|
Net
Asset Value, Beginning of Period
|
$246.86 |
$178.51 |
$180.85 |
$141.74 |
$126.45 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income1
|
1.724 |
1.998 |
2.052 |
2.066 |
2.068 |
Net
Realized and Unrealized Gain (Loss) on
Investments
|
76.697 |
68.603 |
(2.391) |
39.031 |
15.248 |
Total from
Investment Operations |
78.421 |
70.601 |
(.339) |
41.097 |
17.316 |
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(4.291) |
(2.251) |
(2.001) |
(1.987) |
(2.026) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(4.291) |
(2.251) |
(2.001) |
(1.987) |
(2.026) |
Net
Asset Value, End of Period
|
$320.99 |
$246.86 |
$178.51 |
$180.85 |
$141.74 |
Total
Return
|
32.39% |
39.98% |
-0.14% |
29.22% |
13.81% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$6,658
|
$4,026 |
$3,049 |
$3,199 |
$2,198
|
Ratio of
Total Expenses to Average Net Assets |
0.10% |
0.10% |
0.10% |
0.10% |
0.10%
|
Ratio of
Net Investment Income to Average Net
Assets
|
0.60% |
1.06% |
1.20% |
1.28% |
1.53%
|
Portfolio
Turnover Rate2
|
8% |
10% |
9% |
28% |
6%
|
|
|
1 |
Calculated
based on average shares outstanding. |
2 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|
|
Year Ended August 31,
| ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017
|
Net
Asset Value, Beginning of Period
|
$167.31 |
$154.72 |
$140.13 |
$140.15 |
$139.97 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income1
|
4.385 |
3.992 |
3.896 |
3.603 |
3.651 |
Net
Realized and Unrealized Gain (Loss) on
Investments
|
20.341 |
12.658 |
14.346 |
(.033) |
.212 |
Total from
Investment Operations |
24.726 |
16.650 |
18.242 |
3.570 |
3.863 |
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(4.427) |
(4.060) |
(3.652) |
(3.590) |
(3.683) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(4.427) |
(4.060) |
(3.652) |
(3.590) |
(3.683) |
Net
Asset Value, End of Period
|
$187.61 |
$167.31 |
$154.72 |
$140.13 |
$140.15 |
Total
Return
|
15.01% |
11.01% |
13.24% |
2.60% |
2.83% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$5,908
|
$5,712 |
$5,296 |
$3,983 |
$3,780
|
Ratio of
Total Expenses to Average Net Assets |
0.10% |
0.10% |
0.10% |
0.10% |
0.10%
|
Ratio of
Net Investment Income to Average Net
Assets
|
2.50% |
2.58% |
2.71% |
2.60% |
2.63%
|
Portfolio
Turnover Rate2
|
8% |
3% |
6% |
8% |
5%
|
|
|
1 |
Calculated
based on average shares outstanding. |
2 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|
|
Year Ended August 31,
| ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017
|
Net
Asset Value, Beginning of Period
|
$47.90 |
$75.75 |
$103.13 |
$85.71 |
$95.06 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income1
|
2.802 |
2.957 |
2.769 |
2.519 |
22.819 |
Net
Realized and Unrealized Gain (Loss) on Investments |
19.789 |
(28.064) |
(27.449) |
17.837 |
(9.801) |
Total from
Investment Operations |
22.591 |
(25.107) |
(24.680) |
20.356 |
(6.982) |
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.501) |
(2.743) |
(2.700) |
(2.936) |
(2.368) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.501) |
(2.743) |
(2.700) |
(2.936) |
(2.368) |
Net
Asset Value, End of Period
|
$67.99 |
$47.90 |
$75.75 |
$103.13 |
$85.71 |
Total
Return
|
48.07% |
-33.87% |
-24.34% |
24.06% |
-7.55% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$4,806
|
$2,720 |
$3,029 |
$4,288 |
$3,656
|
Ratio of
Total Expenses to Average Net Assets |
0.10% |
0.10% |
0.10% |
0.10% |
0.10%
|
Ratio of
Net Investment Income to Average Net Assets |
4.54% |
4.91% |
3.15% |
2.56% |
2.93%2 |
Portfolio
Turnover Rate3
|
5% |
8% |
7% |
5% |
11%
|
|
|
1 |
Calculated
based on average shares outstanding. |
2 |
Net
investment income per share and the ratio of net investment income to
average net assets include $.453 and
0.47%,
respectively, from income received as a result of General Electric Co. and
Baker Hughes Inc. merger in July
2017. |
3 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|
|
Year Ended August 31,
| ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017
|
Net
Asset Value, Beginning of Period
|
$61.18 |
$67.31 |
$71.60 |
$62.26 |
$50.81 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income1
|
1.676 |
1.652 |
1.539 |
1.298 |
1.035 |
Net
Realized and Unrealized Gain (Loss) on Investments |
33.519 |
(6.081) |
(4.338) |
9.307 |
11.387 |
Total from
Investment Operations |
35.195 |
(4.429) |
(2.799) |
10.605 |
12.422 |
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.585) |
(1.701) |
(1.491) |
(1.265) |
(.972) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(1.585) |
(1.701) |
(1.491) |
(1.265) |
(.972) |
Net
Asset Value, End of Period
|
$94.79 |
$61.18 |
$67.31 |
$71.60 |
$62.26 |
Total
Return
|
58.26% |
-6.73% |
-3.85% |
17.15% |
24.65% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$10,946
|
$6,140 |
$7,222 |
$8,512 |
$6,127
|
Ratio of
Total Expenses to Average Net Assets |
0.10% |
0.10% |
0.10% |
0.10% |
0.10%
|
Ratio of
Net Investment Income to Average Net Assets |
2.09% |
2.53% |
2.30% |
1.87% |
1.75%
|
Portfolio
Turnover Rate2
|
4% |
5% |
5% |
3% |
5%
|
|
|
1 |
Calculated
based on average shares outstanding. |
2 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|
|
Year Ended August 31,
| ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017
|
Net
Asset Value, Beginning of Period
|
$207.65 |
$169.74 |
$177.07 |
$151.13 |
$133.25 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income1
|
2.893 |
2.702 |
23.600
|
2.194 |
1.994 |
Net
Realized and Unrealized Gain (Loss) on
Investments
|
54.714 |
37.758 |
(7.457) |
25.846 |
17.846 |
Total from
Investment Operations |
57.607 |
40.460 |
(3.857) |
28.040 |
19.840 |
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.846) |
(2.550) |
(3.473) |
(2.100) |
(1.960) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.846) |
(2.550) |
(3.473) |
(2.100) |
(1.960) |
Net
Asset Value, End of Period
|
$262.41 |
$207.65 |
$169.74 |
$177.07 |
$151.13 |
Total
Return
|
27.99% |
24.05% |
-2.22% |
18.75% |
15.06% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$16,894
|
$11,724 |
$8,899 |
$8,594 |
$7,002
|
Ratio of
Total Expenses to Average Net Assets |
0.10% |
0.10% |
0.10% |
0.10% |
0.10%
|
Ratio of
Net Investment Income to Average Net
Assets
|
1.25% |
1.45% |
2.12%2
|
1.38% |
1.46%
|
Portfolio
Turnover Rate3
|
5% |
7% |
5% |
6% |
4%
|
|
|
1 |
Calculated
based on average shares outstanding. |
2 |
Net
investment income per share and the ratio of net investment income to
average net assets include $1.132 and
0.67%,
respectively, resulting from a cash payment received in connection with
the merger of Cigna Corp. and
Express
Scripts Holding Co. in December 2018. |
3 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|
|
Year Ended August 31,
| ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017
|
Net
Asset Value, Beginning of Period
|
$146.89 |
$142.53 |
$146.12 |
$128.70 |
$111.57 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income1
|
2.264 |
2.366 |
2.597 |
2.263 |
2.383 |
Net
Realized and Unrealized Gain (Loss) on
Investments
|
52.318 |
4.554 |
(3.754) |
17.412 |
16.998 |
Total from
Investment Operations |
54.582 |
6.920 |
(1.157) |
19.675 |
19.381 |
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.202) |
(2.560) |
(2.433) |
(2.255) |
(2.251) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.202) |
(2.560) |
(2.433) |
(2.255) |
(2.251) |
Net
Asset Value, End of Period
|
$199.27 |
$146.89 |
$142.53 |
$146.12 |
$128.70 |
Total
Return
|
37.41% |
4.96% |
-0.73% |
15.41% |
17.55% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$5,438
|
$3,090 |
$3,457 |
$3,957 |
$3,202
|
Ratio of
Total Expenses to Average Net Assets |
0.10% |
0.10% |
0.10% |
0.10% |
0.10%
|
Ratio of
Net Investment Income to Average Net
Assets
|
1.25% |
1.69% |
1.87% |
1.62% |
1.95%
|
Portfolio
Turnover Rate2
|
5% |
4% |
4% |
4% |
5%
|
|
|
1 |
Calculated
based on average shares outstanding. |
2 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|
|
Year Ended August 31,
| ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017
|
Net
Asset Value, Beginning of Period
|
$328.54 |
$213.66 |
$202.82 |
$151.19 |
$117.82 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income1
|
2.634 |
2.926 |
2.572 |
1.921 |
1.646 |
Net
Realized and Unrealized Gain (Loss) on
Investments
|
97.919 |
114.955 |
10.792 |
51.430 |
33.329 |
Total from
Investment Operations |
100.553 |
117.881 |
13.364 |
53.351 |
34.975 |
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.613) |
(3.001) |
(2.524) |
(1.721) |
(1.605) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.613) |
(3.001) |
(2.524) |
(1.721) |
(1.605) |
Net
Asset Value, End of Period
|
$426.48 |
$328.54 |
$213.66 |
$202.82 |
$151.19 |
Total
Return
|
30.80% |
55.72% |
6.70% |
35.52% |
29.93% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$51,238
|
$38,711 |
$20,738 |
$22,595 |
$14,638
|
Ratio of
Total Expenses to Average Net Assets |
0.10% |
0.10% |
0.10% |
0.10% |
0.10%
|
Ratio of
Net Investment Income to Average Net
Assets
|
0.73% |
1.17% |
1.32% |
1.10% |
1.24%
|
Portfolio
Turnover Rate2
|
4% |
5% |
5% |
7% |
6%
|
|
|
1 |
Calculated
based on average shares outstanding. |
2 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|
|
Year Ended August 31,
| ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017
|
Net
Asset Value, Beginning of Period
|
$134.84 |
$122.80 |
$134.33 |
$124.29 |
$108.16 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income1
|
2.801 |
2.522 |
2.501 |
2.285 |
2.175 |
Net
Realized and Unrealized Gain (Loss) on
Investments
|
52.014 |
12.053 |
(11.541) |
9.961 |
16.072 |
Total from
Investment Operations |
54.815 |
14.575 |
(9.040) |
12.246 |
18.247 |
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.635) |
(2.535) |
(2.490) |
(2.206) |
(2.117) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(2.635) |
(2.535) |
(2.490) |
(2.206) |
(2.117) |
Net
Asset Value, End of Period
|
$187.02 |
$134.84 |
$122.80 |
$134.33 |
$124.29 |
Total
Return
|
41.00% |
12.12% |
-6.73% |
9.91% |
17.06% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$3,924
|
$1,676 |
$1,921 |
$2,749 |
$1,913
|
Ratio of
Total Expenses to Average Net Assets |
0.10% |
0.10% |
0.10% |
0.10% |
0.10%
|
Ratio of
Net Investment Income to Average Net
Assets
|
1.66% |
2.05% |
2.04% |
1.71% |
1.87%
|
Portfolio
Turnover Rate2
|
5% |
4% |
4% |
5% |
5%
|
|
|
1 |
Calculated
based on average shares outstanding. |
2 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|
|
Year Ended August 31,
| ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017
|
Net
Asset Value, Beginning of Period
|
$129.35 |
$139.09 |
$119.32 |
$120.75 |
$107.35 |
Investment
Operations
|
|
|
|
|
|
Net
Investment Income1
|
4.310 |
4.306 |
4.087 |
3.757 |
3.697 |
Net
Realized and Unrealized Gain (Loss) on
Investments
|
20.048 |
(9.802) |
19.562 |
(1.434) |
13.374 |
Total from
Investment Operations |
24.358 |
(5.496) |
23.649 |
2.323 |
17.071 |
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(4.188) |
(4.244) |
(3.879) |
(3.753) |
(3.671) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(4.188) |
(4.244) |
(3.879) |
(3.753) |
(3.671) |
Net
Asset Value, End of Period
|
$149.52 |
$129.35 |
$139.09 |
$119.32 |
$120.75 |
Total
Return
|
19.19% |
-4.08% |
20.17% |
2.05% |
16.27% |
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$5,126
|
$4,014 |
$4,107 |
$2,809 |
$2,689
|
Ratio of
Total Expenses to Average Net Assets |
0.10% |
0.10% |
0.10% |
0.10% |
0.10%
|
Ratio of
Net Investment Income to Average Net
Assets
|
3.09% |
3.18% |
3.22% |
3.25% |
3.33%
|
Portfolio
Turnover Rate2
|
6% |
5% |
4% |
4% |
4%
|
|
|
1 |
Calculated
based on average shares outstanding. |
2 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|