Vanguard Institutional Index Fund

Institutional Index Fund 3 Communication Services 10.2% Consumer Discretionary 10.2 Consumer Staples 7.3 Energy 5.0 Financials 13.1 Health Care 14.2 Industrials 9.3 Information Technology 21.5 Materials 2.8 Real Estate 3.1 Utilities 3.3 The table reflects the fund’s equity exposure, based on its invest-ments in stocks and stock index futures. ................
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