The list below displays the lowest-cost share class available based on the criteria selected on the left. The minimum investment can vary by fund and share class. Select different criteria to see additional classes. Choose a fund name to view the fund profile for additional detail.

* Net realized capital gains, net investment income, and return of capital are estimated for the current year. Each January, Vanguard will report the actual return of capital for the funds. Your total payout will remain the same, but the percentage of the payout that equals return of capital (the principal value) and the amount that equals earnings (capital gains and dividends) may differ slightly.

* As applicable, money market data is updated on the day after the 2nd business day of each month. All other fund data is updated on the day after the 10th business day of each month.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that 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.

Performance data for periods of less than one year do not reflect the deduction of purchase and redemption fees that may apply. All other performance data are adjusted for purchase and redemption fees, where applicable. Vanguard funds apply a $20 annual account service fee to all funds with balances below $10,000 in many types of accounts, unless an exception applies, which is not reflected in the figures. If this fee was included, the performance would be lower.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in such a fund.

All investing is subject to risk, including the possible loss of the money you invest. Past performance is no guarantee of future results. Be aware that fluctuations in the financial markets and other factors may cause declines in the value of your account. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Diversification does not ensure a profit or protect against a loss. Vanguard provides services to the Vanguard funds and ETFs at cost.

Vanguard average stock index fund expense ratio: 0.14%; industry average stock index fund expense ratio: 0.78%. Vanguard average bond index fund expense ratio: 0.13%; industry average bond index fund expense ratio: 0.47%. Vanguard average money market fund expense ratio: 0.14%; industry average money market fund expense ratio: 0.13%. Sources: Vanguard and Lipper, a Thomson Reuters Company, as of December 31, 2014.

For the 10-year period ended September 30, 2014, 10 of 10 Vanguard money market funds, 46 of 51 Vanguard bond funds, 17 of 18 Vanguard balanced funds, and 105 of 113 Vanguard stock fundsfor a total of 178 of 192 Vanguard fundsoutperformed their Lipper peer-group averages. Only funds with a minimum 10-year history were included in the comparison. Source: Lipper, a Thomson Reuters Company. The competitive performance data shown represent past performance, which is not a guarantee of future results.  See the most recent performance of our funds