Vanguard S&P 500 ETF

VOO

As of September 30, 2016

Investment focus

Investment approach
Seeks to track the performance of the S&P 500 Index.
Large-cap equity.
Employs a passively managed, full-replication strategy.
Fund remains fully invested.
Low expenses minimize net tracking error.

About the benchmark

Central tendency

The S&P 500 Index is a widely recognized benchmark of U.S. stock market
performance that is dominated by the stocks of large U.S. companies.
The index includes 500 leading companies in leading industries of the U.S.
economy.

Expected range
of fund holdings

Quick facts
Benchmark

Performance history

Expense ratio1

Total returns2 for period ended in September 30, 2016

Dividend schedule

Quarter

Year
to date

1 year

3 years

5 years

Since
inception

Net asset value (NAV) return3

3.85%

7.81%

15.39%

11.12%

16.33%

14.35%

Market price return4

3.82

7.81

15.43

11.09

16.32

14.34

S&P 500 Index

3.85

7.84

15.43

11.16

16.37

14.39

VOO (Inception 09/07/2010)

The performance data shown represent past performance, which is not a guarantee of future
results. Investment returns and principal value will fluctuate, so investors shares, when sold,
may be worth more or less than their original cost. Current performance may be lower or
higher than the performance data cited. For performance data current to the most recent
month end, visit our website at vanguard.com/performance.
Investors cannot invest directly in an index.
Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value

S&P 500 Index

0.05%
Quarterly

ETF total net assets

$51,647 million

Fund total net assets

$260,497 million

Inception date

September 7, 2010

Trading information
Ticker symbol
CUSIP number
IIV (intra-day ticker)
Index ticker (Bloomberg)
Exchange

VOO
922908363
VOO.IV
SPTR
NYSE Arca

1 As reported in the most recent prospectus. A funds current expense ratio may be lower or higher than the figure reported in the prospectus.
2 Figures for periods of less than one year are cumulative returns. All other figures represent average annual returns. Fund performance figures assume the reinvestment of dividends and capital gains

distributions; the figures are pre-tax and net of expenses. The above widely used comparative index represents unmanaged or average returns on various financial assets that can be compared with the
funds total returns for the purpose of measuring relative performance.

3 As of 4 p.m., Eastern time, when the regular trading session of the New York Stock Exchange typically closes.
4 Market price returns are calculated using the midpoint between the bid and offer prices at the time NAV is calculated, typically 4 p.m., Eastern time.

Vanguard S&P 500 ETF

VOO

As of September 30, 2016

Expense ratio comparison1

ETF attributes
Number of stocks

505

505

$81.0B

$81.0B

Price/earnings ratio

22.2x

22.2x

2.9x

2.9x

17.8%

17.5%

Earnings growth rate

7.3%

7.3%

Foreign holdings

0.0%

0.0%

Turnover rate 2

3.4%

10.8%

10.8%

Return on equity

0.29%

S&P 500 Index

Median market cap

Price/book ratio

1.11%

S&P 500 ETF

Standard deviation3
0.05%

Large-Cap
Core Funds
Average

Large-Cap
Core Funds
Avg ETFs
only

S&P 500 ETF

Top 10 sector diversification as % of common stock5

Ten largest holdings and % of total net assets4

Apple Inc.

3.2%

Information Technology

Alphabet Inc.

2.5

Health Care

14.7

Microsoft Corp.

2.4

Financials

12.8

Exxon Mobil Corp.

1.9

Consumer Discretionary

12.5
9.9

Amazon.com Inc.

21.2%

1.8

Consumer Staples

Johnson & Johnson

1.7

Industrials

9.7

Facebook Inc.

1.6

Energy

7.3
3.3

Berkshire Hathaway Inc.

1.5

Utilities

General Electric Co.

1.4

Real Estate

3.1

AT&T Inc.

1.3

Materials

2.9

Top ten as % of total net assets

19.3%

Represents the expense ratio for the Vanguard ETF as reported in the most recent prospectus. There are material differences between mutual funds and ETFs.
Unlike mutual funds, ETFs are priced continuously and bought and sold throughout the day in the secondary market (at a premium or discount to net asset value)
with the assistance of a stockbroker, which entails paying commissions. Sources: Lipper, a Thomson Reuters Company, and Vanguard, December 31, 2015.

For most recent fiscal year. Turnover rate excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the
funds capital shares, including Vanguard ETF Creation Units.

A measure of the volatility of a fundbased on the funds last three years of monthly returnsused to indicate the dispersion of past returns. A higher standard
deviation means a greater potential for volatility. For funds with less than 36 months of performance history, standard deviation is not calculated.

The holdings listed exclude any temporary cash investments and equity index products.
Sector categories are based on the Global Industry Classification Standard system.
Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy or sell
Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may
pay more than net asset value when buying and receive less than net asset value when selling.
All ETF products are subject to risk, which may result in the loss of principal.
S&P and S&P 500 are registered trademarks of Standard & Poors Financial Services LLC (S&P) and have been licensed for use by S&P Dow Jones Indices LLC
and its affiliates and sublicensed for certain purposes by Vanguard. The S&P Index is a product of S&P Dow Jones Indices LLC and has been licensed for use by
Vanguard. The Vanguard funds are not sponsored, endorsed, sold, or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates, and
none of S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates makes any representation regarding the advisability of investing in such
products.
For more information about Vanguard ETF Shares, visit vanguard.com, call 866-499-8473, or contact your broker to obtain a prospectus or, if available, a
summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and
consider it carefully before investing.
2016 The Vanguard Group, Inc. All rights reserved. U.S. Patent Nos. 6,879,964; 7,337,138; 7,720,749; 7,925,573; 8,090,646; 8,417,623.
Vanguard Marketing Corporation, Distributor.
FA0968_0916
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