0000932471-13-005189.txt : 20130219
0000932471-13-005189.hdr.sgml : 20130219
20130215082209
ACCESSION NUMBER: 0000932471-13-005189
CONFORMED SUBMISSION TYPE: 497
PUBLIC DOCUMENT COUNT: 7
FILED AS OF DATE: 20130215
DATE AS OF CHANGE: 20130215
EFFECTIVENESS DATE: 20130215
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: VANGUARD VARIABLE INSURANCE FUNDS
CENTRAL INDEX KEY: 0000857490
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 497
SEC ACT: 1933 Act
SEC FILE NUMBER: 033-32216
FILM NUMBER: 13617566
BUSINESS ADDRESS:
STREET 1: PO BOX 2600
STREET 2: V26
CITY: VALLEY FORGE
STATE: PA
ZIP: 19482
BUSINESS PHONE: 6106691000
MAIL ADDRESS:
STREET 1: PO BOX 2600
STREET 2: V26
CITY: VALLEY FORGE
STATE: PA
ZIP: 19482
FORMER COMPANY:
FORMER CONFORMED NAME: VANGUARD VARIABLE INSURANCE FUND
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: VANGUARD VARIABLE INSURANCE FUND INC
DATE OF NAME CHANGE: 19910505
0000857490
S000004404
Mid-Cap Index Portfolio
C000012160
Mid-Cap Index Portfolio
497
1
a497.htm
VVIFSUPPLEMENT
a497.htm - Generated by SEC Publisher for SEC Filing
February 15, 2013
U.S. Securities & Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Re:
Vanguard Variable Insurance Funds (the Trust); File No. 33-32216
Commissioners:
Pursuant to Rule 497(e) under the Securities Act of 1933, we hereby file exhibits containing
interactive data format risk/return summary information that reflects the risk/return summary
information in the supplement dated January 31, 2013, filed pursuant to Rule 497(e), for the
Vanguard Mid-Cap Index Portfolio, a series of the above mentioned Trust.
If you have any questions or comments concerning the foregoing, please contact me at
(610) 669-1538.
Sincerely,
Judith L. Gaines
Associate Counsel
The Vanguard Group, Inc.
Enclosures
cc: Chad Eskildsen, Esq.
U. S. Securities and Exchange Commission
EX-101.INS
3
vvif-20130131.xml
INSTANCE
<p>The following bar chart and table are intended to help you understand the risks of investing in the Portfolio. The bar chart shows how the performance of the Portfolio has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the Portfolio compare with those of a relevant market index and other comparative indexes, which have investment characteristics similar to those of the Portfolio. The Portfolio's returns are net of its expenses, but do not reflect additional fees and expenses that are deducted by the annuity or life insurance program through which you invest. If such fees and expenses were included in the calculation of the Portfolio's returns, the returns would be lower. Keep in mind that the Portfolio's past performance does not indicate how the Portfolio will perform in the future. Updated performance information is available on our website for Financial Advisors at advisors.vanguard.com or by calling Vanguard toll-free at 800-522-5555.</p><p>The Portfolio employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. The Portfolio attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.</p><p></p><p>SHIP LOGO Vanguard (R)</p><p></p><p></p><p></p><p></p><p>Vanguard Variable Insurance Fund Mid-Cap Index Portfolio</p><p>Supplement to the Prospectus and Summary Prospectus</p><p>New Target Index</p><p>Effective immediately, Vanguard Variable Insurance Fund Mid-Cap Index Portfolio has begun tracking its new target index, the CRSP US Mid Cap Index, as previously approved by the Portfolio's board of trustees. The board believes that the new target index is well-constructed and offers comprehensive coverage of the Portfolio's market segment. In addition, Vanguard's agreement with the new index provider may result in considerable savings to shareholders over time in the form of lower expense ratios.
</p><p>The new index measures the same market segment as the previous index, so the investment objective and risks described in the Portfolio's current prospectus will not change. The Portfolio's new target index could provide different investment returns (either lower or higher) or different levels of volatility from those of the previous index.
</p><p>Prospectus and Summary Prospectus Text Changes</p><p>The paragraph under 'Primary Investment Strategies' is replaced with the following:
</p><p>The Portfolio employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. The Portfolio attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.
</p><p>The paragraph under 'Annual Total Returns' is replaced with the following:
</p><p>The following bar chart and table are intended to help you understand the risks of investing in the Portfolio. The bar chart shows how the performance of the Portfolio has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the Portfolio compare with those of a relevant market index and other comparative indexes, which have investment characteristics similar to those of the Portfolio. The Portfolio's returns are net of its expenses, but do not reflect additional fees and expenses that are deducted by the annuity or life insurance program through which you invest. If such fees and expenses were included in the calculation of the Portfolio's returns, the returns would be lower. Keep in mind that the Portfolio's past performance does not indicate how the Portfolio will perform in the future. Updated performance information is available on our website for Financial Advisors at advisors.vanguard.com or by calling Vanguard toll-free at 800-522-5555.
</p><p></p>00008574902011-01-012011-12-310000857490vanguard:S000004404Membervanguard:AnnuityMember2011-01-012011-12-31iso4217:USDxbrli:pure2013-01-312013-01-312011-12-31OtherVanguard Variable Insurance Funds0000857490false<div style="display: none">~ http://xbrl.sec.gov/rr/role/RiskReturnDetailData column period compact * row dei_DocumentInformationDocumentAxis compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * row rr_PerformanceMeasureAxis compact * row primary compact * ~ </div>EX-101.SCH
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LABEL
Mid-Cap Index PortfolioMid-Cap Index Portfolio - Investor SharesS&P MidCap 400 IndexSpliced Mid Cap IndexMSCI US Mid Cap 450 IndexS&P MidCap 400 IndexSpliced Mid Cap IndexMSCI US Mid Cap 450 IndexAnnuityAcquired Fund Fees and Expenses (based on estimates)Acquired Fund Fees and ExpensesReturn After Taxes on Distributions and Sale of Fund SharesReturn After Taxes on DistributionsAnnual Fund Operating Expenses [Expenses that you pay each year as a percentage of the value of your investment]1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014Annual Return CaptionAnnual Return ColumnAnnual Return Inception DateAverage Annual Return CaptionAverage Annual Return ColumnInception DateAverage Annual Return LabelSince InceptionOne YearFive YearsTen YearsBar Chart and Performance TableBar Chart and Performance Table Section:Bar Chart Closing:Bar Chart ClosingBar Chart Does Not Reflect Sales LoadsBar Chart FootnotesBar ChartBar Chart Highest Quarterly ReturnBar Chart Highest Quarterly Return DateBar Chart Lowest Quarter ReturnBar Chart Lowest Quarter Return DateBar Chart Narrative:Bar Chart NarrativeBar Chart Reason Selected Class Different from Immediately Preceding PeriodBar Chart Returns for Class Not Offered in ProspectusAnnual Total ReturnBar Chart:Year to Date ReturnDateDividend Expenses on Securities Sold ShortBorrowing Expenses on Securities Sold ShortOther Operating Expenses12b-1 Distribution FeeDistribution or Similar (Non 12b-1) Fees / AssetsExchange FeeExchange Fee / RedemptionExpense Breakpoint DiscountsExpense Breakpoint, Minimum Investment RequiredExpense ExampleExpense Example, with Redemption, CaptionExpense Example, with Redemption, ColumnExpense Example HeadingExpense Example ClosingExpense Example FootnotesEXAMPLEExpense Example, Narrative [Text Block]Expense Example, No Redemption:Expense Example, no Redemption, CaptionExpense Example, no Redemption, ColumnExpense Example, No Redemption Narrative [Text Block]Expense Example, No Redemption1 YEAR3 YEAR5 YEAR10 YEARExpense Example, With Redemption1 YEAR,3 YEAR,5 YEAR,10 YEAR,Expense Exchange Traded Fund CommissionsExpense Footnotes:Expense FootnotesExpenses HeadingFees and Expenses of the FundExpenses:Deferred Charges NarrativeExpenses Explanation of Nonrecurring Account FeeExpenses Not Correlated to Ratio Due to Acquired Fund FeesExpenses Other Expenses Had Extraordinary Expenses Been IncludedNet Expenses / AssetsExpenses / AssetsRange of Exchange Fees NarrativeExpenses Represent Both Master and FeederExpenses Restated to Reflect CurrentFee Waiver or ReimbursementFee Waiver or Reimbursement, Date of TerminationHighest Quarterly Return LabelIndex No Deduction for Fees, Expenses, TaxesLowest Quarterly Return LabelManagement ExpensesMarket Index PerformanceAccount Service Fee (for fund account balances below $10,000)Maximum Account Fee / AssetsSales charge (load) imposed on purchasesPurchase FeeMaximum deferred sales charge (load) (as a percentage of the amount redeemed)Maximum Deferred Sales Charge / OtherMaximum Sales Charge Imposed on Purchases / Offering PriceSales charge (load) imposed on reinvested dividends7-Day Tax Equivalent YieldMoney Market Seven Day YieldMoney Market 7-Day Yield CaptionMoney Market 7-Day Yield Column7-Day Yield PhoneTotal Annual Fund Operating ExpensesNet Expenses / Assets:Investment objective:Investment objectiveSecondary objectivesAnnual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)Operating Expenses CaptionOperating Expenses ColumnOther Expenses, New Fund, Based on EstimatesOther ExpensesOther Expenses:Performance Additional Market IndexPerformance Availability PhonePerformance Availability Website AddressPerformance Information Illustrates Variability of ReturnsPerformance Measure [Axis]Return Before TaxesPerformance Narrative:Performance NarrativePerformance One Year or LessPast Performance Does Not Indiciate Future ReturnsPerformance Table Closing:Performance Table ClosingPerformance Table Does Reflect Sales LoadsPerformance Table Explains why after Tax HigherPerformance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding PeriodPerformance Table FootnotesBar Chart and Performance Table:Performance Table Market Index ChangedPerformance Table NarrativePerformance Table Not Relevant to Tax DeferredOne Class of After-Tax ShownBar Chart and Performance Table SectionPerformancePerformance Table Uses Highest Federal RatePortfolio Turnover:Portfolio Turnover HeadingPortfolioTurnover, RatePortfolio TurnoverProspectus DateProspectus:Share Class [Axis]Prospectus [Table]Redemption Fee USDRedemption FeeRiskRisk CaptionRisk Closing [Text Block]Risk ColumnRisk FootnotesRisk:May Lose MoneyMoney Market FundRisk NarrativeNondiversifiedNot Insured Depository InstitutionRisk/Return:Risk/Return Detail [Table]Risk/ReturnRiskSection:Share ClassesOtherShareholder Fees (fees paid directly from your investment]Shareholder Fees CaptionShareholder Fees ColumnShareholder Fees (Fees paid directly from your investment) [Table]Strategy:StrategyNarrativeStrategy Portfolio ConcentrationStrategy Section:30-DayTax Equivalent YieldThirty Day Yield:30-Day Yield Caption30-Day Yield Column30-Day Yield PhoneYear to Date Return LabelSeries [Axis]All SeriesAll ProspectusesProspectus [Axis]Document Creation DateDocument Effective DateDocument Period End DateDocument TypeRegistrant NameCentral Index KeyAmendment FlagAmendment DescriptionTransaction Fee on Conversion to ETF SharesTransaction Fee On Purchases and SalesTransaction Fee On Reinvested DividendsAverage Annual Returns for Periods Ended December 31, 2011Supplement Text:Supplement TextRedemption Fee ParentheticalPurchase Fee ParentheticalBased on Market ValueComparative BenchmarkFund Operating Expenses Excluding AFFEAcquired Fund Fees and ExpensesReturn Before TaxesDividend Expenses on Securities Sold ShortBorrowing Expenses on Securities Sold ShortOther Operating Expenses12b-1 Distribution FeeManagement ExpensesAccount Service Fee (for fund account balances below $10,000)Sales Charge (Load) Imposed on PurchasesPurchase FeeSales Charge (Load) Imposed on Reinvested DividendsTotal Annual Fund Operating ExpensesOther ExpensesRedemption FeeAcquired Fund Fees and ExpensesReturn Before TaxesDividend Expenses on Securities Sold ShortBorrowing Expenses on Securities Sold ShortOther Operating Expenses12b-1 Distribution FeeManagement ExpensesAccount Service Fee (for fund account balances below $10,000)Sales Charge (Load) Imposed on PurchasesPurchase FeeSales Charge (Load) Imposed on Reinvested DividendsTotal Annual Fund Operating ExpensesOther ExpensesRedemption FeeEX-101.PRE
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The Portfolio employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. The Portfolio attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.
The following bar chart and table are intended to help you understand the risks of investing in the Portfolio. The bar chart shows how the performance of the Portfolio has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the Portfolio compare with those of a relevant market index and other comparative indexes, which have investment characteristics similar to those of the Portfolio. The Portfolio's returns are net of its expenses, but do not reflect additional fees and expenses that are deducted by the annuity or life insurance program through which you invest. If such fees and expenses were included in the calculation of the Portfolio's returns, the returns would be lower. Keep in mind that the Portfolio's past performance does not indicate how the Portfolio will perform in the future. Updated performance information is available on our website for Financial Advisors at advisors.vanguard.com or by calling Vanguard toll-free at 800-522-5555.
The date the document was made available and submitted, in CCYY-MM-DD format. The date of submission, date of acceptance by the recipient, and the document effective date are all potentially different.
The date when a document, upon receipt and acceptance, becomes officially effective, in CCYY-MM-DD format. Usually it is a system-assigned date time value, but it may be declared by the submitter in some cases.
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements this will be the filing date. The format of the date is CCYY-MM-DD.
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type should be limited to the same value as the supporting SEC submission type. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, NCSR, N-Q, and Other.
Provide a brief explanation of how the information illustrates the variability of the Fund's returns (e.g., by stating that the information provides some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for 1, 5, and 10 years compare with those of a broad measure of market performance). Provide a statement to the effect that the Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.
Vanguard Variable Insurance Fund Mid-Cap Index Portfolio
Supplement to the Prospectus and Summary Prospectus
New Target Index
Effective immediately, Vanguard Variable Insurance Fund Mid-Cap Index Portfolio has begun tracking its new target index, the CRSP US Mid Cap Index, as previously approved by the Portfolio's board of trustees. The board believes that the new target index is well-constructed and offers comprehensive coverage of the Portfolio's market segment. In addition, Vanguard's agreement with the new index provider may result in considerable savings to shareholders over time in the form of lower expense ratios.
The new index measures the same market segment as the previous index, so the investment objective and risks described in the Portfolio's current prospectus will not change. The Portfolio's new target index could provide different investment returns (either lower or higher) or different levels of volatility from those of the previous index.
Prospectus and Summary Prospectus Text Changes
The paragraph under 'Primary Investment Strategies' is replaced with the following:
The Portfolio employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. The Portfolio attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.
The paragraph under 'Annual Total Returns' is replaced with the following:
The following bar chart and table are intended to help you understand the risks of investing in the Portfolio. The bar chart shows how the performance of the Portfolio has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the Portfolio compare with those of a relevant market index and other comparative indexes, which have investment characteristics similar to those of the Portfolio. The Portfolio's returns are net of its expenses, but do not reflect additional fees and expenses that are deducted by the annuity or life insurance program through which you invest. If such fees and expenses were included in the calculation of the Portfolio's returns, the returns would be lower. Keep in mind that the Portfolio's past performance does not indicate how the Portfolio will perform in the future. Updated performance information is available on our website for Financial Advisors at advisors.vanguard.com or by calling Vanguard toll-free at 800-522-5555.