| |
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
500 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 |
|
|
|
Standard
& Poor's 500 Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
Dow
Jones U.S. Total Stock Market Float Adjusted Index
(reflects no
deduction for fees, expenses, or taxes) |
|
|
|
Plain
Talk About Fund Expenses |
All funds
have operating expenses. These expenses, which are deducted
from a
fund’s gross income, are expressed as a percentage of the net assets
of the
fund. Assuming that operating expenses remain as stated in the Fees
and
Expenses section, Vanguard 500 Index Fund ETF Shares’ expense ratio
would be
0.03%, or $0.30 per $1,000 of average net assets. The average
expense
ratio for large-cap core funds in 2021 was 0.89%, or $8.90 per
$1,000 of
average net assets (derived from data provided by Lipper, a
Thomson
Reuters Company, which reports on the fund
industry). |
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. |
Plain
Talk About Vanguard’s Unique Corporate Structure |
Vanguard 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 |
500
Index Fund | |||
ETF
Shares |
9/7/2010
(Investor
Shares
8/31/1976) |
968 |
922908363 |
|
Year Ended December
31, | ||||
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
2018 |
2017 |
Net
Asset Value, Beginning of Period |
$343.93 |
$295.87 |
$229.68 |
$244.94 |
$205.00 |
Investment
Operations |
|
|
|
|
|
Net
Investment Income1
|
5.353 |
5.413 |
5.298 |
5.196 |
4.434 |
Net
Realized and Unrealized Gain (Loss) on
Investments |
92.624 |
47.950 |
66.463 |
(15.719) |
39.874 |
Total from
Investment Operations |
97.977 |
53.363 |
71.761 |
(10.523) |
44.308 |
Distributions |
|
|
|
|
|
Dividends
from Net Investment Income |
(5.437) |
(5.303) |
(5.571) |
(4.737) |
(4.368) |
Distributions
from Realized Capital Gains |
— |
— |
— |
— |
— |
Total
Distributions |
(5.437) |
(5.303) |
(5.571) |
(4.737) |
(4.368) |
Net
Asset Value, End of Period |
$436.47 |
$343.93 |
$295.87 |
$229.68 |
$244.94 |
Total
Return |
28.66% |
18.35% |
31.46% |
-4.42% |
21.78% |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$279,850 |
$177,991 |
$130,728 |
$90,639 |
$83,640 |
Ratio of
Total Expenses to Average Net Assets |
0.03% |
0.03% |
0.03% |
0.03% |
0.04% |
Ratio of
Net Investment Income to Average Net
Assets |
1.36% |
1.83% |
1.98% |
2.06% |
1.97% |
Portfolio
Turnover Rate2
|
2% |
4% |
4% |
4% |
3% |
|
|
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.
|