The investment seeks to provide a tax-efficient investment return consisting of a moderate level of current income and long-term capital appreciation. The fund invests in substantially all of the stocks included in the S&P 500 index. To reduce taxable distributions, especially realized capital gains, an index-oriented investment approach is used. Stocks are held in approximately the same proportions as they are represented on the index.
Fund filings (PDF) »

Asset manager:
Michael Perre (Started: Jul 6, 2006)

Advisor Company:
The Vanguard Group, Inc.
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	0.10	0.02	0.03	0.07
Beta*	1.00	1.00	1.00	1.00
Mean annual return	1.00	-0.44	0.14	0.04
R-squared*	100.00	100.00	100.00	100.00
Standard deviation	23.61	19.56	15.96	16.10
Sharpe ratio	0.50	-0.39	-0.08	-0.16
* Against standard index

Risk measurement details »

Security	Net Assets
ExxonMobil Corporation (XOM)	4.24%
Microsoft Corporation (MSFT)	2.26%
Johnson & Johnson (JNJ)	1.94%
Procter & Gamble Company (PG)	1.85%
AT&T, Inc. (T)	1.82%
International Business Machines Corp (IBM)	1.71%
J.P. Morgan Chase & Co. (JPM)	1.65%
Chevron Corporation (CVX)	1.65%
Apple, Inc. (AAPL)	1.58%
General Electric Company (GE)	1.54%

Holdings Performance »