Products March 10, 2002

Vanguard Enhances Mutual Fund Statements

October 27, 2000 (PLANSPONSOR.com) - Vanguard is overhauling its annual fund reports, offering larger print, more graphics and benchmark comparisons that should make it easier for investors - including participants - to make informed decisions.
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The new annual reports will debut this month with the distribution of the 2000 annual report for Vanguard U.S. Growth Fund. Enhancements include:

  • a larger type size
  • increased use of text boxes, as well as informational graphs and charts
  • use of web icons, where appropriate, drawing attention to additional information sources on www.vanguard.com
  • an “at-a-glance summary” with key points about the fund’s performance and financial markets
  • tables highlighting changes to the fund’s holdings
  • fund performance comparisons against both a broad market index and a “best fit” benchmark.

Some of the new annual report enhancements were based upon suggestions from Vanguard shareholders, such as simplifying language and terminology.

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The new annual reports are expected to remain roughly the same length as the current reports, despite the inclusion of new information and increased font size.

– Nevin Adams       editors@plansponsor.com

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