| |
Management
Fees |
% |
12b-1
Distribution Fee |
|
Other
Expenses |
% |
Total
Annual Portfolio Operating Expenses |
% |
1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
|
Total
Return |
Quarter |
|
% |
|
|
-
% |
|
|
1
Year |
5
Years |
10
Years |
Mid-Cap
Index Portfolio |
% |
% |
% |
CRSP
US Mid Cap 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 Costs of Investing |
Costs
are an important consideration in choosing a mutual fund. That is
because
you, as a contract owner, 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. |
|
Year Ended December
31, | ||||
For a
Share Outstanding
Throughout
Each Period |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Period |
$21.38 |
$29.48 |
$25.77 |
$24.03 |
$20.23 |
Investment
Operations |
|
|
|
|
|
Net
Investment Income1 |
.336 |
.319 |
.284 |
.3252 |
.334 |
Net
Realized and Unrealized Gain (Loss) on Investments |
2.934 |
(5.464) |
5.642 |
3.047 |
5.621 |
Total from
Investment Operations |
3.270 |
(5.145) |
5.926 |
3.372 |
5.955 |
Distributions |
|
|
|
|
|
Dividends
from Net Investment Income |
(.319) |
(.282) |
(.318) |
(.344) |
(.350) |
Distributions
from Realized Capital Gains |
(.401) |
(2.673) |
(1.898) |
(1.288) |
(1.805) |
Total
Distributions |
(.720) |
(2.955) |
(2.216) |
(1.632) |
(2.155) |
Net
Asset Value, End of Period |
$23.93 |
$21.38 |
$29.48 |
$25.77 |
$24.03 |
Total
Return |
15.83% |
-18.82% |
24.36% |
18.07% |
30.87% |
Ratios/Supplemental
Data |
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$2,551 |
$2,231 |
$2,781 |
$2,241 |
$2,155 |
Ratio of
Total Expenses to Average Net Assets |
0.17% |
0.17%3 |
0.17% |
0.17% |
0.17% |
Ratio of
Net Investment Income to Average Net Assets |
1.53% |
1.39% |
1.03% |
1.50%2 |
1.49% |
Portfolio
Turnover Rate |
16% |
16% |
20% |
28% |
21% |
|
|
|
|
|
|
|
|
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 $0.036 and 0.17%, respectively, resulting from a special dividend
from
NortonLifeLock
Inc. in February 2020. |
3 |
The
ratio of expenses to average net assets for the period net of reduction
from custody fee
offset
arrangements was 0.17%.
|