497 1 smallcapindex_final.htm VANGUARD SMALL-CAP INDEX FUND smallcapindex_final.htm - Generated by SEC Publisher for SEC Filing
  MHM FINAL: September 30, 2015
 
[Translation]  
SEMI-ANNUAL REPORT
(During the 55th Term)
From: January 1, 2015
To: June 30, 2015
 
To: Director of Kanto Local Finance Bureau
 
  Filing Date: September 30, 2015
 
Name of the Fund: VANGUARD SMALL-CAP INDEX FUND
 
Name of the Registrant Trust: VANGUARD INDEX FUNDS
 
Name of Trustees: F. William McNabb III,
  Chairman
 
Address of Principal Office: 100 Vanguard Boulevard,
  Malvern, Pennsylvania 19355
  U.S.A.
 
 
Name and Title of Registration Agent: Ken Miura
  Attorney-at-Law
 
Address or Place of Business Mori Hamada & Matsumoto
  Marunouchi Park Building
  6-1, Marunouchi 2-chome
  Chiyoda-ku, Tokyo
 
Name of Liaison Contact: Ken Miura
  Nobuharu Onishi
 
Place of Liaison Contact: Mori Hamada & Matsumoto
  Marunouchi Park Building
  6-1, Marunouchi 2-chome
  Chiyoda-ku, Tokyo
 
Phone Number: 03-6212-8316
 
 
Places where a copy of this Semi-annual Report

are available for Public Inspection

 
Not applicable.

 


 

- 1 -
 
 
1. STATUS OF INVESTMENT PORTFOLIO
(1) Diversification of Investment Portfolio
  - VANGUARD SMALL-CAP INDEX FUND (Includes All Share Classes)
  (hereinafter referred to as the "Fund")
 
 
  [See/Fill in the attached excel file]
 
 
Note 1: Total Net Assets for Investor Shares = $ 4,546,699,168.16 as of the end of July
  2015.
Note 2: Investment ratio is calculated by dividing each asset at its market value by the total
  Net Asset Value of the Fund. The same applies hereinafter.
Note 3: The Yen amount is translated for convenience at the rate of $1.00 = ¥124.04 (the
  mean of the exchange rate quotations by The Bank of Tokyo UFJ - Mitsubishi, Ltd.
  for buying and selling spot U.S. Dollars by telegraphic transfer against Yen on July
  31, 2015). The same applies hereafter.
Note 4: Since Shares are denominated in U.S. Dollars, the amounts appearing hereafter are
  all Dollar amounts unless otherwise specifically indicated.
Note 5: In this document, money amounts and percentages have been rounded. Therefore,
  there are cases in which the amount of the “total column” is not equal to the
  aggregate amount. Also, translation into Yen is made simply by multiplying the
  corresponding amount by the conversion rate specified and rounded up when
  necessary. As a result, in this document, there are cases in which Japanese Yen
  figures for the same information differ from each other.
 
(2) Results of Past Operations
(i) Record of Changes in Net Assets
  Record of changes in net assets during the one- year period up to and including the end of
  July 2015 at each end of the month is as follows.
 
 
- VANGUARD SMALL-CAP INDEX FUND – INVESTOR SHARES
 
 
  [See/Fill in the attached excel file]
 
(ii) Record of Distributions Paid
Amount of distributions per Share for each month from August 2014 to July 2015 are shown
below.  
- VANGUARD SMALL-CAP INDEX FUND - INVESTOR SHARES

 


 

- 2 -

[See/Fill in the attached excel file]

(iii) Record of Changes in Annual Return

Period Annual Return
August 1,2014 to July 31, 2015 10.17%
Note: Annual Return (%) = 100 x (a-b) / b  
a = the Net Asset Value per share on July 31, 2015, including total amount of
distributions made during the above period.  
b = the Net Asset Value per share after distribution on July 31, 2014.

 

(3) Miscellaneous (i) Total Return

     Total Return reflects past performance and doesn’t indicate future performance. The price of shares, yield and return by the actual investment may fluctuate, when investors sell the units, they may get gain or loss. The annual average return includes the fluctuation of the price of the shares, distribution and capital gains.

          (As of the end of July 2015)
past 1 month past 1 year past 3 years past 5 years past 10 since the establishment*
        years  
-0.29% 10.23% 18.77% 16.29% 8.65 % 10.76%
* The date of the establishment is October 3, 1960.    

 


 

    - 3 -  
 
 
(ii) annual performance    
 
Year Capital Return Income Return Total Return
2014 6.02% 1.35% 7.37%
2013 36.01 % 1.61 % 37.62 %
2012 16.06 % 1.99% 18.04%
2011 -3.94% 1.14% -2.80%
2010 26.41% 1.31% 27.72%
2009 34.76% 1.36% 36.12%
2008 -37.38% 1.31% -36.07%
2007 -0.12% 1.28% 1.16%
2006 14.38% 1.26% 15.64%
2005 6.30% 1.06% 7.36%
2004 18.72% 1.18% 19.90%
2003 44.32% 1.31% 45.63%
2002 -20.99 % 0.97 % -20.02 %
2001 1.95% 1.15% 3.10%
2000 -3.88% 1.21% -2.67%
1999 21.79% 1.34% 23.13%
1998 -3.97% 1.36% -2.61%
1997 23.18% 1.41% 24.59%
1996 16.63% 1.49% 18.12%
1995 27.19% 1.55% 28.74%
1994 -1.94% 1.43% -0.51%
1993 17.38% 1.32% 18.70%
1992 16.69% 1.51% 18.20%
1991 43.04% 2.22% 45.26%
1990 -19.77% 1.64% -18.13%
1989 9.43% 1.11% 10.54%
1988 24.04% 0.59% 24.63%
1987 -6.98% 0.00% -6.98%
1986 0.19% 0.00% 0.19%
1985 21.47% 1.56% 23.03%
1984 -25.17% 0.00% -25.17%
1983 18.17% 0.00% 18.17%
1982 43.48% 2.97% 46.45%
1981 -2.88% 0.00% -2.88%

 


 

        4          
 
 
(iii) monthly performance              
 
  Total   Total   Total   Total   Total
  Return   Return   Return   Return   Return
   (%)    (%)    (%)   (%)   (%)
                 
Jun. 1990   Jul, 1992 3.58 Aug. 1994 5.50 Sept. 1996 3.76 Oct. 1998 4.21
  0.27                
July, 1990   Aug. 1992 -2.44 Sept. 1994 -0.31 Oct. 1996 -1.45 Nov. 1998 5.31
  -4.27                
Aug. 1990   -12.91  Sept 1992 1.69 Oct. 1994 -0.38 Nov. 1996 4.36 Dec. 1998 6.23
Sep. 1990   Oct. 1992 3.17 Nov. 1994 -3.92 Dec. 1996 2.41 Jan. 1999 1.23
  -8.85                
Oct. 1990   Nov. 1992 6.98 Dec. 1994 2.57 Jan. 1997 2.27 Feb. 1999 -8.11
  -5.96                
Nov. 1990   Dec. 1992 3.36 Jan. 1995 -1.00 Feb. 1997 -2.46 Mar. 1999 1.48
  7.84                
Dec. 1990   Jan. 1993 3.77 Feb. 1995 3.64 Mar. 1997 -4.74 Apr. 1999 8.87
  4.54                
Jan. 1991   Feb. 1993 -1.85 Mar. 1995 2.15 Apr. 1997 0.37 May 1999 1.67
  8.58                
Feb. 1991   Mar. 1993 3.07 Apr. 1995 2.23 May 1997 11.08 Jun. 1999 5.83
  11.38                
Mar. 1991   Apr. 1993 -2.84 May 1995 1.87 Jun. 1997 5.24 Jul, 1999 -2.24
  6.91                
Apr. 1991   May 1993 4.25 Jun. 1995 4.95 Jul, 1997 5.43 Aug. 1999 -3.79
  -0.44                
May 1991   Jun. 1993 0.27 Jul, 1995 5.82 Aug. 1997 2.24 Sept. 1999 -0.14
  4.36                
Jun. 1991   Jul, 1993 0.93 Aug. 1995 2.15 Sept. 1997 7.26 Oct. 1999 0.37
  -5.45                
Jul, 1991   Aug. 1993 4.23 Spt. 1995 1.72 Oct. 1997 -4.42 Nov. 1999 5.98
  3.69                
Aug. 1991   Sept. 1993 2.85 Oct. 1995 -4.34 Nov. 1997 -0.52 Dec. 1999 11.46
  4.08                
Sep. 1991   Oct. 1993 2.59 Nov. 1995 3.93 Dec. 1997 1.66 Jan. 2000 -1.69
  0.42                
Oct. 1991   Nov. 1993 -2.88 Dec. 1995 2.81 Jan. 1998 -1.60 Feb. 2000 16.51
  2.74                
Nov. 1991   Dec. 1993 3.29 Jan. 1996 0.16 Feb. 1998 7.49 Mar. 2000 -6.69
  -4.94                
Dec. 1991   Jan. 1994 3.64 Feb. 1996 3.43 Mar. 1998 4.15 Apr. 2000 -5.96
  8.05                
Jan. 1992 7.96 Feb. 1994 -0.37 Mar. 1996 1.87 Apr. 1998 0.50 May 2000 -5.78
Feb. 1992 3.50 Mar. 1994 -5.07 Apr. 1996 5.59 May 1998 -5.36 Jun. 2000 9.29
Mar. 1992 -3.38 Apr. 1994 0.72 May 1996 3.93 Jun. 1998 -0.16 Jul, 2000 -3.38
Apr. 1992 -3.04 May 1994 -0.84 Jun. 1996 -3.79 Jul, 1998 -7.98 Aug. 2000 7.60
May 1992 1.18 Jun. 1994 -3.26 Jul, 1996 -8.45 Aug. 1998 -19.29 Sept. 2000 -2.98
Jun. 1992 -4.80 Jul, 1994 1.75 Aug. 1996 5.94 Sept. 1998 7.53 Oct. 2000 -4.34

 


 

5

  Total   Total   Total   Total   Total
  Return   Return   Return   Return   Return
  (%)   (%)   (%)   (%)   (%)
Nov. 2000 -10.27 Dec. 2002 -5.59 Jan. 2005 -3.58 Feb. 2007 -0.12 Mar. 2009 -9.48
Dec. 2000 8.61 Jan. 2003 -2.75 Feb. 2005 2.09 Mar. 2007 1.22   18.25
                Apr. 2009  
Jan. 2001 5.25 Feb. 2003 -3.02 Mar. 2005 -2.26 Apr. 2007 2.67 May, 2009 3.74
Feb. 2001 -6.60 Mar. 2003 1.22 Apr. 2005 -4.61 May. 2007 4.41 Jun. 2009 1.16
Mar. 2001 -4.87 Apr. 2003 9.36 May. 2005 6.17 Jun. 2007 -1.60 Jul. 2009 9.68
Apr. 2001 7.76 May 2003 9.54 Jun. 2005 3.52 Jul. 2007 -5.76 Aug. 2009 4.46
May 2001 2.45 Jun. 2003 2.01 Jul. 2005 6.25 Aug. 2007 -1.34 Sept. 2009 6.34
Jun. 2001 4.19 Jul, 2003 5.36 Aug. 2005 -1.67 Sept. 2007 2.15 Oct. 2009 -6.64
Jul, 2001 -5.31 Aug. 2003 4.83 Sept. 2005 0.71 Oct. 2007 2.62 Nov. 2009 3.33
Aug. 2001 -3.23 Sept. 2003 -1.64 Oct. 2005 -3.23 Nov. 2007 -6.79 Dec. 2009 7.88
Sept. 2001  -13.47  Oct. 2003 8.11 Nov. 2005 4.61 Dec. 2007 -0.72 Jan. 2010 -3.35
Oct. 2001 5.79 Nov. 2003 3.77 Dec. 2005 -0.06 Jan. 2008 -6.23 Feb. 2010 4.97
Nov. 2001 7.75 Dec. 2003 2.40 Jan. 2006 7.85 Feb. 2008 -2.65 Mar. 2010 8.08
Dec. 2001 6.05 Jan. 2004 3.94 Feb. 2006 -0.16 Mar. 2008 -0.50 Apr. 2010 5.54
Jan. 2002 -1.06 Feb. 2004 1.36 Mar. 2006 4.18 Apr. 2008 5.48 May, 2010 -7.80
Feb. 2002 -2.70 Mar. 2004 1.18 Apr. 2006 0.03 May, 2008 5.16 Jun. 2010 -7.57
Mar. 2002 8.02 Apr. 2004 -4.77 May. 2006 -4.94 Jun. 2008 -8.90 Jul. 2010 7.16
Apr. 2002 0.92 May. 2004 1.92 Jun. 2006 0.20 Jul. 2008 1.67 Aug. 2010 -6.61
May 2002 -4.33 Jun. 2004 4.06 Jul. 2006 -3.31 Aug. 2008 3.13 Sept. 2010 11.98
Jun. 2002 -4.52 Jul. 2004 -5.88 Aug. 2006 2.27 Sept. 2008 -9.41 Oct. 2010 4.08
Jul, 2002 -15.05 Aug. 2004 -0.35 Sept. 2006 0.86 Oct. 2008 -21.56 Nov. 2010 3.07
Aug. 2002 -0.25 Sept. 2004 4.21 Oct. 2006 5.20 Nov. 2008  -11.45 Dec. 2010 7.72
Sept. 2002 -7.20 Oct. 2004 2.23 Nov. 2006 3.10 Dec. 2008 5.58 Jan. 2011 0.86
Oct. 2002 3.21 Nov. 2004 7.57 Dec. 2006 0.01 Jan. 2009  -10.25  Feb. 2011 5.34
Nov. 2002 8.88 Dec. 2004 3.62 Jan. 2007 2.39 Feb. 2009 -11.96 Mar. 2011 2.42

 


 

          - 1 -    
 
 
  Total   Total   Total Total Total
  Return   Return   Return Return Return
  (%)   (%)   (%) (%) (%)
             
Apr. 2011 2.94   3.61   -0.87    
    May, 2013   Jun. 2015      
May 2011 -2.03   -0.99   -0.29    
    Jun. 2013   Jul. 2015      
Jun. 2011 -1.99   6.66        
    Jul. 2013          
Jul. 2011 -3.72 Aug. 2013 -3.17        
Aug. 2011 -8.31 Sep. 2013 5.69        
Sept, 2011  -11.00  Oct. 2013 3.27        
Oct, 2011 15.26 Nov. 2013 2.71        
Nov. 2011 -0.41 Dec. 2013 2.57        
Dec. 2011 0.22 Jan. 2014 -2.07        
Jan. 2012 6.95 Feb. 2014 5.06        
Feb. 2012 3.19 Mar. 2014 -0.31        
Mar. 2012 2.30 Apr. 2014 -2.33        
Apr. 2012 -0.93 May, 2014 1.17        
May, 2012 -6.78 Jun. 2014 4.96        
Jun. 2012 4.51 Jul. 2014 -4.94        
Jul. 2012 -0.82 Aug, 2014 4.97        
Aug. 2012 3.47 Sep. 2014 -5.31        
Sep. 2012 2.73 Oct. 2014 4.48        
Oct. 2012 -1.46 Nov. 2014 0.98        
Nov. 2012 1.16 Dec. 2014 1.25        
Dec. 2012 3.07   -2.17        
    Jan. 2015          
  6.35   5.82        
Jan. 2013   Feb. 2015          
Feb. 2013 1.33 Mar. 2015 1.18        
  4.69   -1.69        
Mar. 2013   Apr. 2015          
  0.14   2.00        
Apr. 2013   May, 2015          

 


 

- 1 -

(iv) The contents of the portfolio (as of the end of July 2015) Fund Asset Allocation Cash 0.44% Shares 99.56%

The number of the shares     1,494
The average market capitalization     $3.4Billion Dollars
PER     29.5 x
PBR     2.5 x
ROE     11.8 %
The rate of gain     12.7 %
The fluctuation of sell and purchase 9.7 %
(as of fiscal year end December)      
Cash ratio     0.1 %

 

(v) Risk analysis (as of the end of July 2015)
R Squared 1.00
Beta 1.00
Note 1 R Squared and Beta are calculated from trailing 36-month fund returns relative to
  the Spliced Small-Cap Index. The Spliced Small-Cap Index reflects performance of
  the Russell 2000 Index through May 16, 2003, performance of the MSCI US Small
  Cap 1750 Index through January 30, 2013, and performance of the CRSP US
  Small-Cap Index thereafter
 
Note 2 “R Squared” is a measure of how much of a fund’s past returns can be explained by
  the returns from the market in general, as measured by the fund’s target index
  benchmark and by an overall market index. If a fund’s total returns were precisely
  synchronized with an index’s returns, its R-Squared would be 1.00. If the fund’s
  returns bore no relationship with the index’s returns, its R-Squared would be 0.
 
Note 3 “Beta” is a measure of the magnitude of a fund’s past share-price fluctuations in
  relation to the ups and downs of the fund’s target index benchmark and an overall
  market index. Each index is assigned a Beta of 1.00. Compared with a given
  index, a fund with a Beta of 1.20 would have seen its share price rise or fall by 12%
  when the index rose or fell by 10%. However, a fund’s beta should be reviewed in
  conjunction with its R-squared. The lower the R-squared, the less correlation there
  is between the fund and the benchmark, and the less reliable the beta is as an
  indicator of volatility.

 


 

- 2 -

3 RECORD OF SALES AND REPURCHASE

     Record of sales and repurchase during the following period and number of outstanding Shares of the Fund as of the end of July 2015 are as follows:

Small-Cap Index Fund - Investor Shares    
 
August 1, 2014- July 31, 2015      
Number of Units     Number of Units Number of Units
Outstanding        
Previous year   Number of Units Repurchased Outstanding
    Sold (in thousands) (in thousands) (in thousands)
A   B C = A + B - C
90,267 U.S Figures 15,963 27,797 78,433
(130,710) Sales in Japan (11,435) (17,742) (124,403)
Note : The figures in parentheses show those sold, repurchased and outstanding in Japan.

 

3. OUTLINE OF THE FINANCIAL STATUS OF THE FUND [Translation of Unaudited Semi-annual Accounts will be incorporated.]

4. OUTLINE OF THE MANAGEMENT COMPANY

(1) Amount of Capital Stock Not applicable.

(2) Description of Business and Outline of Operation

     The Trust may carry out any administrative and managerial act, including the purchase, sale, subscription and exchange of any security, and the exercise of all rights directly or indirectly pertaining to the Fund’s assets. The Trust has retained The Vanguard Group, Inc., as Investment Management Company and Transfer and Dividend Paying Agent; and JP Morgan Chase Bank, as Custodian, to hold the assets of the Fund in custody.

(3) Miscellaneous


 

- 3 -

     There are no known facts, such as legal proceedings, which are expected to materially affect the Fund and/or the Investment Management Company within the six-month period preceding the filing of this Semi-annual Report.

5. FINANCIAL CONDITIONS OF THE MANAGEMENT COMPANY

Not Applicable.


 

  - 4 -
 
 
[Translation]  
 
 

Filed Document:

Document was filed with:

Filing Date:

Name of the Issuer:

Name of Representative:

Amendment to Securities Registration Statement

Director of Kanto Local Finance Bureau

September 30, 2015

VANGUARD INDEX FUNDS

F. William McNabb III Chairman

 

Address of Principal Office:

100 Vanguard Boulevard, Malvern, Pennsylvania 19355 U.S.A.

 

Name and Title of Registration Agent:

Ken Miura Attorney-at-Law

 

Address or Place of Business

Mori Hamada & Matsumoto Marunouchi Park Building, 6-1, Marunouchi 2-chome Chiyoda-ku, Tokyo

 

Name of Liaison Contact:

Ken Miura Nobuharu Onishi Attorneys-at-Law

 

Place of Liaison Contact:

Mori Hamada & Matsumoto Marunouchi Park Building, 6-1, Marunouchi 2-chome Chiyoda-ku, Tokyo

 

Phone Number:

03-6212-8316

 


 

- 5 -
 
 
Offering or Sale for Registration

 
 
Name of the Fund Making VANGUARD INDEX FUNDS
Offering or Sale of Foreign VANGUARD SMALL-CAP INDEX FUND
Investment Fund Securities:  
 
Aggregate Amount of Foreign The approximate amount of the limit: U.S. $1.0
  billion
Investment Fund Securities to be (approximately ¥ 124.04 billion))
Offered or Sold:  
 
Note : The Yen amount is translated for convenience at the rate of $1.00 = ¥ 124.04 (the
mean of the exchange rate quotations by The Bank of Tokyo – Mitsubishi UFJ, Ltd.
for buying and selling spot Dollars by telegraphic transfer against Yen on July 31,
2015).  
 
 
Place for public inspection: Not Applicable

 


 

- 6 -

I. REASON FOR FILING THIS AMENDMENT TO SECURITIES REGISTRATION STATEMENT:

This statement purports to amend and update the relevant information of the Securities Registration Statement ("SRS") filed on June 30, 2015 due to the fact that the aforementioned Semi-annual Report was filed today.

The exchange rates used in this statement to translate the amended amounts of foreign currencies are different from those used before these amendments, as the latest exchange rates are used in this statement.

II. CONTENTS OF THE AMENDMENTS

(1) Amendments by filing the Semi-annual Report PART II. INFORMATION CONCERNING THE FUND

The following matters in the original Japanese SRS are amended to have the same contents as those provided in the following items of the aforementioned Semi-annual Report:

Before amendment After amendment
[Original Japanese SRS] [Aforementioned Semi-annual Report]
Part II INFORMATION    
CONCERNING THE FUND    
I. Description of the Fund I. Status of Investment Portfolio
5. Status of Investment Portfolio    
(1) Diversification of Investment (1) Diversification of Investment
  Portfolio   Portfolio
 
(3) Results of Past Operations (2) Results of Past Operations
(a) Record of Changes in Net Assets a.   Record of Changes in Net Assets
  (Regarding the amounts as at the end   (Regarding the amounts as at the
  of each month during one-year   end of each month during one-
  period from, and including, the   year period from, and including,
  latest relevant date appertaining   the latest relevant date
  to the filing date of the original   appertaining to the filing date of
  Japanese SRS)   the aforementioned Semi-annual
      Report)
(b) Record of Distributions Paid   b. Record of Distributions Paid
  (Regarding the amounts as at the end   (Regarding the amounts as at the end
  of each month during one-year period   of each month during one-year period
  from, and including the latest relevant   from, and including the latest relevant
  date of the aforementioned   date of the aforementioned
  Semi-annual Report)   Semi-annual Report)
(c) Record of Changes in Annual Return   c. Record of Changes in Earnings
      Ratio

 


 

- 7 -
 
 
    (Add the Earnings Ratio for the period
    of aforementioned Semi-annual Report)
(d) Miscellaneous d. Miscellaneous
 
(4) Record of Sales and Repurchase II. Record of Sales and Repurchase
    (Add the Record of Sales and
    Repurchase during one-year period
    from and including the latest relevant
    date of the aforementioned
    Semi-annual Report)
 
  With respect to “III. Financial Conditions of the Fund” in the original SRS, “III. Outline of
  the Financial Conditions of the Fund” in the aforementioned Semi-annual Report is added
  to the original SRS.  
 
(2) Other amendments:  

 




(1) Diversification of Investment Portfolio   USD= 124.04
      (to be fixed on 7/31/15)
VANGUARD SMALL CAP INDEX FUND (All Share Classes)  
 
    (As of the end of July, 2015)
    Market Value  
Type of Assets Name of Country   Investment Ratio (%)
    Total Dollar  
[Common Stock] UNITED STATES 56,398,505,923 99.56
 
  Sub-Total 56,398,505,923 99.56
 
Cash, Deposits, and Other Assets (after liabilities) 251,576,772 0.44
 
  $ 56,650,082,695 100%
Total (Net Asset Value)    
    7,026,876.26 Million JPY

 

Note 1: Total Net Assets for Investor Shares: $ 4,546,699,168.16 (as of the end of July, Note 2: Investment ratio is calculated by dividing each asset at its market value by the total Net Asset Value of the Fund. The same applies hereinafter.

Note 3: The Yen amount is translated for convenience at the rate of $1.00 = ¥ 124.04 (the mean of the exchange rate quotations by The Bank of Tokyo UFJ - Mitsubishi, Ltd. for buying and selling spot U.S. Dollars by telegraphic transfer against Yen on July 31, 2015). The same applies hereafter.

Note 4: Since Shares are denominated in U.S. Dollars, the amounts appearing hereafter are all Dollar amounts unless otherwise specifically indicated.

Note 5: In this document, money amounts and percentages have been rounded. Therefore, there are cases in which the amount of the “total column” is not equal to the aggregate amount. Also, translation into Yen is made simply by multiplying the corresponding amount by the conversion rate specified and rounded up when necessary. As a result, in this document, there are cases in which Japanese Yen figures for the same information differ from each other.


 

(i) Record of Changes in Net Assets   USD= 124.04
VANGUARD SMALL CAP INDEX FUND – INVESTOR SHARES(fixed on 7/31/15)
 
    Total Net Asset Value Net Asset Value per Share
    US$ Yen    
    (millions) (millions) US$ Yen
 
2014 End of July 4,809 596,508 53.28 6,609
2014 End of August 4,955 614,618 55.93 6,938
September 4,457 552,846 52.96 6,569
  October 4,595 569,964 55.33 6,863
November 4,609 571,700 55.87 6,930
December 4,606 571,328 55.86 6,928
2015 End of January 4,519 560,537 54.65 6,778
  February 4,792 594,400 57.83 7,173
  March 4,810 596,632 58.49 7,255
  April 4,677 580,135 57.50 7,132
  May 4,757 590,058 58.65 7,275
  June 4,600 570,584 58.14 7,212
  July 4,547 564,010 57.97 7,191

 

(ii) Record of Distributions Paid

VANGUARD SMALL CAP INDEX FUND – INVESTOR SHARES

    Total Distributions
    US$ Yen
2014 August - -
  September - -
  October - -
  November - -
  December 0.707 87.696
2015 Januuary - -

 


 

February - -  
March 0.024   2.977
April - -  
May - -  
June - -  
July - -  
  0.731    

 

(iii) Record of changes in Return

VANGUARD SMALL CAP INDEX FUND – INVESTOR SHARES

Period Annual Return (%) a b
August 1, 2014 to July 31, 2015 10.17 58.70 53.28

 

(Note) Annual Return (%) = 100 x (a – b) / b a = Net Asset Value per share as of the end of July, 2015, including total amount of distributions made during the above period. b = Net Asset Value per share after distribution as of the end of July, 2014

Net 53.8934  
Dist 0.612  
07.31.14 53.2814  
07.31.13 47.8829 12.55250%