Fund Description

This Vanguard fund was incepted in December 2001. The objective of this domestic stock, mid value fund is to seek long-term capital growth by investing primarily in the stocks believed by the advisers to have superior return potential. Over the long-term, the fund's goal is to provide returns that exceed those of their comparative standards. Wellington Management Company has been providing investment advisory services to the fund since its inception in December 2001. The fund offers dividends and capital gains annually.