| |
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
Communication Services Index Fund
ETF
Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
28.03% |
4.91% |
8.40% |
Return
After Taxes on Distributions |
27.74 |
4.22 |
7.72 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
16.77 |
3.74 |
6.79 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
28.16 |
4.90 |
8.39 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US IMI/Communication Services |
32.12% |
9.50% |
10.45% |
MSCI
US IMI/Communication Services 25/50 |
27.94 |
7.57 |
— |
MSCI
US Investable Market 2500 Index |
31.09 |
11.27 |
13.48 |
Communication
Services Spliced Index1
|
27.94 |
4.84 |
8.20 |
| |
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
Consumer Discretionary Index Fund
ETF
Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
27.55% |
11.67% |
16.50% |
Return
After Taxes on Distributions |
27.18 |
11.31 |
16.19 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
16.55 |
9.24 |
14.03 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
27.58 |
11.67 |
16.50 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US IMI/Consumer Discretionary |
27.59% |
12.08% |
16.80% |
MSCI
US IMI/Consumer Discretionary 25/50 |
27.65 |
12.09 |
— |
MSCI
US Investable Market 2500 Index |
31.09 |
11.27 |
13.48 |
Consumer
Discretionary Spliced Index1
|
27.65 |
11.75 |
16.63 |
| |
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
Consumer Staples Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
26.06% |
7.95% |
12.11% |
Return
After Taxes on Distributions |
25.29 |
7.29 |
11.54 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
15.91 |
6.16 |
10.02 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
26.14 |
7.95 |
12.12 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US IMI/Consumer Staples |
26.95% |
8.05% |
12.15% |
MSCI
US IMI/Consumer Staples 25/50 |
26.20 |
8.03 |
— |
MSCI
US Investable Market 2500 Index |
31.09 |
11.27 |
13.48 |
Spliced
US IMI/Consumer Staples 25/50 |
26.20 |
8.03 |
12.24 |
| |
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
Energy Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
9.32% |
–3.29% |
2.13% |
Return
After Taxes on Distributions |
8.46 |
–3.96 |
1.61 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
6.14 |
–2.45 |
1.73 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
9.37 |
–3.29 |
2.13 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US IMI/Energy |
9.27% |
–3.48% |
2.12% |
MSCI
US IMI/Energy 25/50 |
9.42 |
–3.13 |
— |
MSCI
US Investable Market 2500 Index |
31.09 |
11.27 |
13.48 |
Spliced
US IMI/Energy 25/50 |
9.42 |
–3.13 |
2.27 |
| |
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
Financials Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
31.62% |
11.16% |
12.31% |
Return
After Taxes on Distributions |
30.87 |
10.59 |
11.75 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
19.14 |
8.74 |
10.09 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
31.69 |
11.15 |
12.30 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US IMI/Financials |
31.74% |
11.26% |
12.42% |
MSCI
US IMI/Financials 25/50 |
31.74 |
11.26 |
— |
MSCI
US Investable Market 2500 Index |
31.09 |
11.27 |
13.48 |
Spliced
US IMI/Financials 25/50 |
31.74 |
11.26 |
12.42 |
| |
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
Health Care Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
21.97% |
10.48% |
15.15% |
Return
After Taxes on Distributions |
21.38 |
10.09 |
14.81 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
13.36 |
8.26 |
12.79 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
22.00 |
10.47 |
15.15 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US IMI/Health Care |
22.03% |
10.54% |
15.26% |
MSCI
US IMI/Health Care 25/50 |
22.03 |
10.54 |
— |
MSCI
US Investable Market 2500 Index |
31.09 |
11.27 |
13.48 |
Spliced
US IMI/Health Care 25/50 |
22.03 |
10.54 |
15.26 |
| |
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
Industrials Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
30.13% |
9.57% |
13.48% |
Return
After Taxes on Distributions |
29.59 |
9.10 |
13.07 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
18.19 |
7.50 |
11.27 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
30.20 |
9.57 |
13.48 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US IMI/Industrials |
30.28% |
9.65% |
13.61% |
MSCI
US IMI/Industrials 25/50 |
30.28 |
9.65 |
— |
MSCI
US Investable Market 2500 Index |
31.09 |
11.27 |
13.48 |
Spliced
US IMI/Industrials 25/50 |
30.28 |
9.65 |
13.61 |
| |
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
Information Technology Index Fund
ETF
Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
48.68% |
20.07% |
17.42% |
Return
After Taxes on Distributions |
48.24 |
19.72 |
17.14 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
29.07 |
16.31 |
14.85 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
48.75 |
20.06 |
17.41 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US IMI/Information Technology |
48.85% |
19.53% |
17.24% |
MSCI
US IMI/Information Technology 25/50 |
48.85 |
19.53 |
— |
MSCI
US Investable Market 2500 Index |
31.09 |
11.27 |
13.48 |
Information
Technology Spliced Index1
|
48.85 |
20.18 |
17.57 |
| |
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
Materials Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
23.58% |
6.63% |
9.18% |
Return
After Taxes on Distributions |
22.99 |
6.14 |
8.74 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
14.34 |
5.12 |
7.48 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
23.67 |
6.63 |
9.18 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US IMI/Materials |
23.80% |
6.69% |
9.30% |
MSCI
US IMI/Materials 25/50 |
23.80 |
6.70 |
— |
MSCI
US Investable Market 2500 Index |
31.09 |
11.27 |
13.48 |
Spliced
US IMI/Materials 25/50 |
23.80 |
6.70 |
9.30 |
| |
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
Utilities Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes |
24.92% |
10.42% |
12.00% |
Return
After Taxes on Distributions |
24.05 |
9.58 |
11.19 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
15.31 |
8.11 |
9.80 |
Based
on Market Price
|
|
|
|
Return
Before Taxes |
25.01 |
10.42 |
12.00 |
Comparative
Indexes
(reflect
no deduction for fees, expenses, or taxes) |
|
|
|
MSCI
US IMI/Utilities |
25.03% |
10.50% |
12.13% |
MSCI
US IMI/Utilities 25/50 |
25.03 |
10.50 |
— |
MSCI
US Investable Market 2500 Index |
31.09 |
11.27 |
13.48 |
Spliced
US IMI/Utilities 25/50 |
25.03 |
10.50 |
12.13 |
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
>$25.15
billion |
Mid-Cap
$3.84
- $25.15 billion |
Small-Cap
<$3.84
billion |
Communication
Services |
77.40%
|
16.10%
|
6.50%
|
Consumer
Discretionary |
70.70
|
19.40
|
9.90
|
Consumer
Staples |
83.70
|
11.60
|
4.70
|
Energy
|
63.70
|
27.60
|
8.70
|
Financials
|
68.20
|
22.20
|
9.60
|
Health
Care |
76.90
|
17.80
|
5.30
|
Industrials
|
64.40
|
26.30
|
9.30
|
Information
Technology |
86.70
|
10.80
|
2.50
|
Materials
|
53.20
|
36.50
|
10.30
|
Utilities
|
61.80
|
32.20
|
6.00
|
Vanguard
Fund |
Number
of Stocks
in
Target Index |
|
Percentage
of
Index
Holdings in
Top
10 Stocks |
Communication
Services Index Fund |
113 |
|
69.00% |
Consumer
Discretionary Index Fund |
290 |
|
57.21 |
Consumer
Staples Index Fund |
94 |
|
65.24 |
Energy
Index Fund |
115 |
|
69.70 |
Financials
Index Fund |
413 |
|
41.31 |
Health
Care Index Fund |
425 |
|
43.13 |
Industrials
Index Fund |
348 |
|
31.15 |
Information
Technology Index Fund |
327 |
|
62.30 |
Materials
Index Fund |
116 |
|
55.67 |
Utilities
Index Fund |
65 |
|
56.23 |
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 |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$87.24
|
$86.83
|
$93.54
|
$95.16
|
$83.80
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.0051
|
.9171
|
3.0671
|
3.1081
|
2.622
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
20.743
|
0.316
|
(6.297)
|
(1.587)
|
12.811
|
Total
from Investment Operations |
21.748
|
1.233
|
(3.230)
|
1.521
|
15.433
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(0.948)
|
(0.823)
|
(3.480)
|
(3.141)
|
(4.073)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(0.948)
|
(0.823)
|
(3.480)
|
(3.141)
|
(4.073)
|
Net
Asset Value, End of Period
|
$108.04
|
$87.24
|
$86.83
|
$93.54
|
$95.16
|
Total
Return
|
25.15%
|
1.47%
|
–3.50%
|
1.62%
|
19.14%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$2,914
|
$2,016
|
$1,015
|
$1,388
|
$1,483
|
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 |
1.09%
|
1.09%
|
3.48%
|
3.26%
|
3.10%
|
Portfolio
Turnover Rate2
|
15%
|
33%
|
84%
|
18%
|
20%
|
|
Year Ended
January 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$178.51
|
$180.85
|
$141.74
|
$126.45
|
$120.80
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.9981
|
2.0521
|
2.0661
|
2.0681
|
1.875
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
68.603
|
(2.391)
|
39.031
|
15.248
|
6.259
|
Total
from Investment Operations |
70.601
|
(0.339)
|
41.097
|
17.316
|
8.134
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.251)
|
(2.001)
|
(1.987)
|
(2.026)
|
(2.484)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(2.251)
|
(2.001)
|
(1.987)
|
(2.026)
|
(2.484)
|
Net
Asset Value, End of Period
|
$246.86
|
$178.51
|
$180.85
|
$141.74
|
$126.45
|
Total
Return
|
39.98%
|
–0.14%
|
29.22%
|
13.81%
|
6.84%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$4,026
|
$3,049
|
$3,199
|
$2,198
|
$1,926
|
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
|
1.06%
|
1.20%
|
1.28%
|
1.53%
|
1.54%
|
Portfolio
Turnover Rate2
|
10%
|
9%
|
28%
|
6%
|
7%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$154.72
|
$140.13
|
$140.15
|
$139.97
|
$123.72
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
3.9921
|
3.8961
|
3.6031
|
3.6511
|
3.189
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
12.658
|
14.346
|
(0.033)
|
0.212
|
17.752
|
Total
from Investment Operations |
16.650
|
18.242
|
3.570
|
3.863
|
20.941
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(4.060)
|
(3.652)
|
(3.590)
|
(3.683)
|
(4.691)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(4.060)
|
(3.652)
|
(3.590)
|
(3.683)
|
(4.691)
|
Net
Asset Value, End of Period
|
$167.31
|
$154.72
|
$140.13
|
$140.15
|
$139.97
|
Total
Return
|
11.01%
|
13.24%
|
2.60%
|
2.83%
|
17.36%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$5,712
|
$5,296
|
$3,983
|
$3,780
|
$3,518
|
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
|
2.58%
|
2.71%
|
2.60%
|
2.63%
|
2.50%
|
Portfolio
Turnover Rate2
|
3%
|
6%
|
8%
|
5%
|
6%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$75.75
|
$103.13
|
$85.71
|
$95.06
|
$93.86
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.9571
|
2.7691
|
2.5191
|
2.8191,2
|
2.470
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
(28.064)
|
(27.449)
|
17.837
|
(9.801)
|
2.587
|
Total
from Investment Operations |
(25.107)
|
(24.680)
|
20.356
|
(6.982)
|
5.057
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.743)
|
(2.700)
|
(2.936)
|
(2.368)
|
(3.857)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(2.743)
|
(2.700)
|
(2.936)
|
(2.368)
|
(3.857)
|
Net
Asset Value, End of Period
|
$47.90
|
$75.75
|
$103.13
|
$85.71
|
$95.06
|
Total
Return
|
–33.87%
|
–24.34%
|
24.06%
|
–7.55%
|
5.82%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$2,720
|
$3,029
|
$4,288
|
$3,656
|
$3,944
|
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
|
4.91%
|
3.15%
|
2.56%
|
2.93%2
|
2.86%
|
Portfolio
Turnover Rate3
|
8%
|
7%
|
5%
|
11%
|
15%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$67.31
|
$71.60
|
$62.26
|
$50.81
|
$47.70
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.6521
|
1.5391
|
1.2981
|
1.0351
|
1.108
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
(6.081)
|
(4.338)
|
9.307
|
11.387
|
3.070
|
Total
from Investment Operations |
(4.429)
|
(2.799)
|
10.605
|
12.422
|
4.178
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.701)
|
(1.491)
|
(1.265)
|
(0.972)
|
(1.068)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(1.701)
|
(1.491)
|
(1.265)
|
(0.972)
|
(1.068)
|
Net
Asset Value, End of Period
|
$61.18
|
$67.31
|
$71.60
|
$62.26
|
$50.81
|
Total
Return
|
–6.73%
|
–3.85%
|
17.15%
|
24.65%
|
8.93%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$6,140
|
$7,222
|
$8,512
|
$6,127
|
$3,735
|
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 |
2.53%
|
2.30%
|
1.87%
|
1.75%
|
2.39%
|
Portfolio
Turnover Rate2
|
5%
|
5%
|
3%
|
5%
|
21%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$169.74
|
$177.07
|
$151.13
|
$133.25
|
$132.34
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.7021
|
3.6001,2
|
2.1941
|
1.9941
|
1.795
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
37.758
|
(7.457)
|
25.846
|
17.846
|
1.559
|
Total
from Investment Operations |
40.460
|
(3.857)
|
28.040
|
19.840
|
3.354
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.550)
|
(3.473)
|
(2.100)
|
(1.960)
|
(2.444)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(2.550)
|
(3.473)
|
(2.100)
|
(1.960)
|
(2.444)
|
Net
Asset Value, End of Period
|
$207.65
|
$169.74
|
$177.07
|
$151.13
|
$133.25
|
Total
Return
|
24.05%
|
–2.22%
|
18.75%
|
15.06%
|
2.61%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$11,724
|
$8,899
|
$8,594
|
$7,002
|
$5,708
|
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
|
1.45%
|
2.12%2
|
1.38%
|
1.46%
|
1.40%
|
Portfolio
Turnover Rate3
|
7%
|
5%
|
6%
|
4%
|
7%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$142.53
|
$146.12
|
$128.70
|
$111.57
|
$99.23
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.3661
|
2.5971
|
2.2631
|
2.3831
|
2.083
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
4.554
|
(3.754)
|
17.412
|
16.998
|
13.204
|
Total
from Investment Operations |
6.920
|
(1.157)
|
19.675
|
19.381
|
15.287
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.560)
|
(2.433)
|
(2.255)
|
(2.251)
|
(2.947)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(2.560)
|
(2.433)
|
(2.255)
|
(2.251)
|
(2.947)
|
Net
Asset Value, End of Period
|
$146.89
|
$142.53
|
$146.12
|
$128.70
|
$111.57
|
Total
Return
|
4.96%
|
–0.73%
|
15.41%
|
17.55%
|
15.78%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$3,090
|
$3,457
|
$3,957
|
$3,202
|
$2,338
|
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
|
1.69%
|
1.87%
|
1.62%
|
1.95%
|
2.08%
|
Portfolio
Turnover Rate2
|
4%
|
4%
|
4%
|
5%
|
8%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$213.66
|
$202.82
|
$151.19
|
$117.82
|
$102.35
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.9261
|
2.5721
|
1.9211
|
1.6461
|
1.566
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
114.955
|
10.792
|
51.430
|
33.329
|
16.049
|
Total
from Investment Operations |
117.881
|
13.364
|
53.351
|
34.975
|
17.615
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(3.001)
|
(2.524)
|
(1.721)
|
(1.605)
|
(2.145)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(3.001)
|
(2.524)
|
(1.721)
|
(1.605)
|
(2.145)
|
Net
Asset Value, End of Period
|
$328.54
|
$213.66
|
$202.82
|
$151.19
|
$117.82
|
Total
Return
|
55.72%
|
6.70%
|
35.52%
|
29.93%
|
17.48%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$38,711
|
$20,738
|
$22,595
|
$14,638
|
$9,429
|
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
|
1.17%
|
1.32%
|
1.10%
|
1.24%
|
1.50%
|
Portfolio
Turnover Rate2
|
5%
|
5%
|
7%
|
6%
|
5%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$122.80
|
$134.33
|
$124.29
|
$108.16
|
$96.39
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.5221
|
2.5011
|
2.2851
|
2.1751
|
1.980
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
12.053
|
(11.541)
|
9.961
|
16.072
|
12.770
|
Total
from Investment Operations |
14.575
|
(9.040)
|
12.246
|
18.247
|
14.750
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.535)
|
(2.490)
|
(2.206)
|
(2.117)
|
(2.980)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(2.535)
|
(2.490)
|
(2.206)
|
(2.117)
|
(2.980)
|
Net
Asset Value, End of Period
|
$134.84
|
$122.80
|
$134.33
|
$124.29
|
$108.16
|
Total
Return
|
12.12%
|
–6.73%
|
9.91%
|
17.06%
|
15.83%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$1,676
|
$1,921
|
$2,749
|
$1,913
|
$1,448
|
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
|
2.05%
|
2.04%
|
1.71%
|
1.87%
|
2.06%
|
Portfolio
Turnover Rate2
|
4%
|
4%
|
5%
|
5%
|
6%
|
|
Year Ended
August 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$139.09
|
$119.32
|
$120.75
|
$107.35
|
$91.41
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
4.3061
|
4.0871
|
3.7571
|
3.6971
|
3.355
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
(9.802)
|
19.562
|
(1.434)
|
13.374
|
15.889
|
Total
from Investment Operations |
(5.496)
|
23.649
|
2.323
|
17.071
|
19.244
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(4.244)
|
(3.879)
|
(3.753)
|
(3.671)
|
(3.304)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(4.244)
|
(3.879)
|
(3.753)
|
(3.671)
|
(3.304)
|
Net
Asset Value, End of Period
|
$129.35
|
$139.09
|
$119.32
|
$120.75
|
$107.35
|
Total
Return
|
–4.08%
|
20.17%
|
2.05%
|
16.27%
|
21.40%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$4,014
|
$4,107
|
$2,809
|
$2,689
|
$2,249
|
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
|
3.18%
|
3.22%
|
3.25%
|
3.33%
|
3.38%
|
Portfolio
Turnover Rate2
|
5%
|
4%
|
4%
|
4%
|
3%
|