Fact Sheet | March 31, 2017
Vanguard Precious Metals and Mining Fund
Sector fund
Risk level
Low
1
2
High
3
4
5
Total net
assets
Expense ratio
as of 05/25/16
Ticker
symbol
Inception
date
Fund
number
$2,550 MM
0.35%
VGPMX
05/23/84
0053
Investment objective
Benchmark
Vanguard Precious Metals and Mining Fund seeks
to provide long-term capital appreciation.
Spliced Glbl Custom Metals & Mining
Investment strategy
The fund invests at least 80% of its assets in the
stocks of foreign and U.S. companies principally
engaged in the exploration, mining, development,
fabrication, processing, marketing, or distribution
of (or other activities related to) metals or
minerals. The majority of these companies will be
principally engaged in activities related to gold,
silver, platinum, diamonds, or other precious and
rare metals or minerals. The remaining
companies will be principally engaged in activities
related to nickel, copper, zinc, or other base and
common metals or minerals. Up to 100% of the
fund's assets may be invested in foreign
securities. The fund may also invest up to 20% of
its assets directly in gold, silver, or other precious
metal bullion and coins.
Growth of a $10,000 investment : January 31, 2007—December 31, 2016
$5,921
Fund as of 12/31/16
$8,804
Benchmark
as of 12/31/16
2007
2008
2007
2009
2010
2011
2012
2013
2014
2015
2011
2012
2013
2014
2016
Annual returns
2008
2009
2010
2015
2016
Fund
36.13 -56.02
76.46
37.45 -21.70 -12.98 -35.13 -11.41 -29.42
50.64
Benchmark
40.47 -49.44
84.66
40.04 -23.76
62.37
-0.45 -31.48 -14.37 -34.23
Periods Ended March 31, 2017
Total returns
Quarter
Year to Date
One Year
Three Years
Five Years
Ten Years
Fund
10.56%
10.56%
26.58%
-0.95%
-10.53%
-4.76%
Benchmark
7.81%
7.81%
35.45%
-2.22%
-8.19%
-1.29%
The performance data shown represent past performance, which is not a guarantee of future
results. Investment returns and principal value will fluctuate, so investors’ shares, when sold, may
be worth more or less than their original cost. Current performance may be lower or higher than
the performance data cited. For performance data current to the most recent month-end, visit our
website at vanguard.com/performance.
Figures for periods of less than one year are cumulative returns. All other figures represent average annual
returns. Performance figures include the reinvestment of all dividends and any capital gains distributions.
All returns are net of expenses.
Spliced Glbl Custom Metals & Mining: S&P/Citigroup World Equity Gold Index through June 30, 2005; S&P Global
Custom Metals and Mining Index thereafter.
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Fact Sheet | March 31, 2017
Vanguard Precious Metals and Mining Fund
Sector fund
Ten largest holdings*
1
Franco-Nevada Corp.
2
Barrick Gold Corp.
3
Newmont Mining Corp.
4
Agnico Eagle Mines Ltd.
5
B2Gold Corp.
6
Randgold Resources Ltd.
7
Nevsun Resources Ltd.
8
Hochschild Mining plc
9
Dominion Diamond Corp.
10 Alamos Gold Inc.
Top 10 as % of Total Net Assets
42.1%
*The holdings listed exclude any temporary cash
investments and equity index products.
Connect with Vanguard ® > vanguard.com
Plain talk about risk
An investment in the fund could lose money over short or even long periods. You should expect the fund’s share price and total return to fluctuate within a wide
range, like the fluctuations of the overall stock market. The fund’s performance could be hurt by:
Nondiversification risk: The chance that the fund’s performance may be hurt disproportionately by the poor performance of relatively few stocks or even a single
stock. The fund is considered nondiversified, which means that it may invest a greater percentage of its assets in the securities of particular issuers as compared
with other mutual funds. Because the fund tends to invest a high percentage of assets in its ten largest holdings, nondiversification risk is very high for the fund.
Industry concentration risk: The chance that there will be overall problems affecting a particular industry. Because the fund normally invests at least 80% of its
assets in one industry, the fund’s performance largely depends—for better or for worse—on the overall condition of this industry.
Stock market risk: The chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising stock prices and periods of
falling stock prices.
Investment style risk: The chance that returns from small- and mid-capitalization stocks will trail returns from the overall stock market. Historically, small- and
mid-cap stocks have been more volatile in price than the large-cap stocks that dominate the overall market, and they often perform quite differently. Small and
mid-size companies tend to have greater stock volatility because, among other things, these companies are more sensitive to changing economic conditions.
Manager risk: The chance that poor security selection will cause the fund to underperform relevant benchmarks or other funds with a similar investment
objective.
Country/regional risk: The chance that world events—such as political upheaval, financial troubles, or natural disasters—will adversely affect the value of
securities issued by companies in foreign countries or regions. Because the fund may invest a large portion of its assets in securities of companies located in any
one country or region, its performance may be hurt disproportionately by the poor performance of its investments in that area. Country/regional risk is especially
high in emerging markets.
Currency risk: The chance that the value of a foreign investment, measured in U.S. dollars, will decrease because of unfavorable changes in currency exchange
rates.
The index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Vanguard. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial
Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); S&P® and S&P 500® are trademarks of S&P; and these trademarks have been
licensed for use by SPDJI and sublicensed for certain purposes by Vanguard. Vanguard product(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective
affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the index.
For more information about Vanguard funds or to obtain a prospectus, see below for which situation is right for you.
If you receive your retirement plan statement from Vanguard or log on to Vanguard’s website to view your plan, visit vanguard.com or call 800-523-1188.
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Visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important
information about a fund are contained in the prospectus; read and consider it carefully before investing.
Financial advisor clients: For more information about Vanguard funds, contact your financial advisor to obtain a prospectus.
Investment Products: Not FDIC Insured • No Bank Guarantee • May Lose Value
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