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Performance for the long runOur funds are among the industry’s best long-term performers. For the ten-year period ended June 30, 2016, these percentages of Vanguard funds outperformed their Lipper averages:
Results will vary for other time periods. Only funds with a minimum ten-year history were included in the comparisons. (Source: Lipper, a Thomson Reuters Company.) Note that the competitive performance data shown represent past performance, which is not a guarantee of future results. All investing is subject to risk, including the possible loss of the money you invest. Bond funds are subject to the risk that an issuer will fail to make payments on time, and that bond prices will decline because of rising interest rates or negative perceptions of an issuer’s ability to make payments. For the most recent performance, visit our website at vanguard.com/performance.
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