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Core Equity Fund
Please click on the Investment Option Disclosure link above for more information.
Release date as of 2017-09-30. Data on page is subject to change.
Snapshot Total Returns Risk Portfolio Nuts & Bolts
Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2017-09-30
Out of 1218
Large Blend Funds
Morningstar®
Style Box™
What is this?
As of 2017-09-30
Total Fund Assets ($ Mil)
1,478.77
View Historical Morningstar Star Ratings and Definitions
Investment Objective & Strategy
The fund invests in the Vanguard Institutional Index Trust. The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks.
The fund employs an indexing investment approach designed to track the performance of the Standard & Poor's 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
Morningstar Category: Large Blend
Large-blend portfolios are fairly representative of the overall US stock market in size, growth rates and price. Stocks in the top 70% of the capitalization of the US equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of US industries, and owing to their broad exposure, the portfolios' returns are often similar to those of the S&P 500 Index. 
Performance
Growth of $10,000
(from 2007-01-01 to 2017-09-30)
Investment: Core Equity Fund
Benchmark: S&P 500 TR USD
Category: Large Blend
This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
Total Annualized Returns %
YTD 1 Month 3 Month 1 Year 3 Year 5 Year 10 Year Since Inception
Investment 14.18 2.06 4.47 18.52 10.74 14.15 7.35 5.56
S&P 500 TR USD 14.24 2.06 4.48 18.61 10.81 14.22 7.44 5.70
Category 13.19 2.32 4.19 17.65 9.03 12.91 6.58 4.78
Morningstar Rating --- --- --- --- ---
# of compared Large Blend funds covered (3 yrs : out of 1218 funds) (5 yrs : out of 1083 funds) (10 yrs : out of 799 funds)
Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods.
Quarterly Trailing Average Annualized Total Returns
YTD 1-Month 3-Month 1-Year 3-Year 5-Year 10-Year Since Inception
Total Avg. Ann. Return % 14.18 2.06 4.47 18.52 10.74 14.15 7.35 5.56
Data through 2017-09-30
Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.
Fees and Expenses
Total Operating Expense per $1000 $0.90
Total Operating Expense 0.09%
Waiver Data
Type Date %
--- --- --- ---
Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 98.9
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.9
Bullet Bonds Bonds 0.0
Bullet Cash Cash 0.2
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2017-09-30
Morningstar Equity Sectors
% of Stocks
Cyclical 32.32
Basic Materials 2.78
Consumer Cyclical 10.71
Financial Services 16.55
Real Estate 2.28
Sensitive 41.45
Communication Services 3.95
Energy 6.09
Industrials 10.73
Technology 20.68
Defensive 26.24
Consumer Defensive 8.33
Healthcare 14.79
Utilities 3.12
Data through 2017-09-30
Holding Status
Total Number of Stock Holdings 505
Total Number of Bond Holdings 1
% of Net Assets in Top 10 Holdings 18.96
Turnover % (as of 2016-12-31) 5.00
Top Holdings
Sector P/E YTD
Return %
% of Net
Assets
Apple Inc --- 18.08 --- 3.68
Microsoft Corp --- 28.65 --- 2.65
Facebook Inc A --- 39.06 --- 1.87
Amazon.com Inc --- --- --- 1.77
Johnson & Johnson --- 23.81 --- 1.61
Exxon Mobil Corp --- 30.03 --- 1.61
JPMorgan Chase & Co --- 14.47 --- 1.55
Berkshire Hathaway Inc B --- 21.37 --- 1.54
Alphabet Inc A --- 36.50 --- 1.34
Alphabet Inc C --- 35.84 --- 1.34
Data through 2017-09-30
YTD Return through 2017-09-30
Principal Risks
Loss of Money, Not FDIC Insured, Market/Market Volatility, Equity Securities, Management
Show Risk Definitions
Other Information
Inception Date: 1999-06-01
Portfolio Manager(s)
Scott E. Geiger (2016-04-27)
Scott E. Geiger, Portfolio Manager at Vanguard. He has been with Vanguard since 2006; has worked in investment management since 2008; has managed investment portfolios since 2013. Education: B.S., Millersville University.
Donald M. Butler (2000-12-31)
Donald M. Butler, CFA, Principal of Vanguard. He has been with Vanguard since 1992; has managed investment portfolios since 1997; and has co-managed the Fund since 2009. Education: B.S.B.A., Shippensburg University.
Issuer
Vanguard

Investment Advisor(s)
Vanguard Group Inc
Subadvisor(s)
---
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.