Vanguard active fund investor returns

Beginning in 2006 Morningstar has calculated dollar-weighted investor returns for the mutual funds in their database.  provides a convenient means of accessing this returns data for Vanguard actively managed funds.

Morningstar limits the data to only one share class, primarily investor shares, per fund.

Investor return
Morningstar defines investor return as:

When using trailing dollar-weighted investor returns for fund analysis, investors must realize that the calculations are subject to end-point bias, meaning that the results tend to be skewed by the most resent market returns. Thus investor return will be higher if recent market returns are high, and investor return will be lower if recent returns are poor.

Morningstar supplies investor returns over 1,3,5,10, and 15 year holding periods and advises that investor returns data are more significant when viewed over the longer-term five-year to fifeen-year holding periods. Morningstar also finds that for funds in similar categories, investor returns for funds with higher volatility of return are lower than the returns of funds with lower volatility of return. .

List of Morningstar investor returns for Vanguard active funds
The following lists provide links to Morningstar investor returns for Vanguard active funds.