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March 26, 2009 | Comment(s): 0
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Vanguard Capital Opportunity (VHCOX) seeks maximum long-term total return.

The fund invests primarily in stocks of mid- and small-capitalization companies expected to have above-average earnings growth.

Fundamental analysis and a long-term investment horizon are key components of the adviser's investment strategy. However, stocks may be sold relatively quickly if they are considered overvalued or other securities are more favorably priced.

The fund invests in companies with strong industry positions, increasing sales, superior return on equity, and talented management teams.

Vanguard Capital Opportunity Fund was incepted in August 1995 and is managed by the PRIMECAP Management Company.

The fund distributes dividends and capital gains in December.

Vanguard Total Bd Mkt Index Inv (VBMFX) looks for a high level of interest income.

The fund attempts to match the performance of the unmanaged Lehman Brothers Aggregate Bond Index, which is a widely recognized measure of the entire taxable U.S. bond market. The index consists of more than 5,000 U.S. Treasury, federal agency, mortgage-backed, and high-quality corporate securities, with a total market value exceeding $4 trillion.

Since it is not cost effective to own every security in the index, the fund invests in a large sample that matches key characteristics of the index (such as market-sector weightings, coupon interest rates, credit quality, and maturity).

To boost returns, the fund holds a higher percentage than the index in high-quality, short-term corporate bonds and a lower percentage in short-term treasury securities.

The fund declares dividends on daily basis and distributes on the first business day of each month. Capital gains are distributed annually in December.

The fund was incepted in December 1986 and is offered by The Vanguard Group.

Vanguard Dividend Growth (VDIGX), formally known as Vanguard Utilities Income Fund, the fund usually invests in large blend companies of domestic stocks.

The objective of this fund is to seek current income and long-term growth of capital and income by investing primarily in stocks of companies with dividends and with prospects of stable or increasing earnings and dividends over time.

The fund offers dividends twice a year in June and December & capital gains, if any, are distributed annually in December.

The Vanguard Group fund was incepted in May 1992.
 

Read the full analyst report on VHCOX

Read the full analyst report on VBMFX

Read the full analyst report on VDIGX

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