Vanguard Explorer Value Fund

• Vanguard Explorer Value Fund returned –8.12% for the 12 months ended August 31, 2020. The fund’s result lagged the –4.96% return of its benchmark, the Russell 2500 Value Index. • A number of stock market indexes around the world climbed to record highs in February and then plummeted as the spread of the coronavirus beyond China led to ................
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