PDF Passive Investing: The Role of Securities Lending
Indeed, in August 1976, he formed the first IMF, the Vanguard Index Trust-500 Portfolio, benchmarked to the S&P 500 Index. At the end of 1976, its value was $14 million. At the end of 2013, Vanguard 500 Index Investor Fund Shares (VFINX), Vanguard 500 Index Fund Admiral Shares (VFIAX), and Vanguard 500 Index Fund Signal Shares (VIFSX) had a ................
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