AR968
AR968
This annual shareholder report contains important information about Vanguard 500 Index Fund (the "Fund") for the period of January 1,
2024, to December 31, 2024. You can find additional information about the Fund at https://personal1.vanguard.com/ngf-next-gen-form-
webapp/fund-literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund
that occurred during the reporting period.
For the 12 months ended December 31, 2024, the Fund performed in line with its benchmark, the Standard & Poor's 500 Index.
U.S. economic growth hovered around 3% on a year-over-year basis for much of the period, and consumer price inflation trended
lower, falling below 3% in July. The Federal Reserve began cutting short-term interest rates in September, which boosted stock
returns, as did the prospect of tax cuts and deregulation under the incoming administration.
Ten of the benchmark’s 11 industry sectors recorded positive returns for the 12 months. Information technology, the index’s largest
sector by weight, posted extremely strong results and was by far the greatest contributor to return. Financials and communication
services were also among the top contributors.
$40,000 $34,254
$34,136
$30,000 $32,405
$20,000
$10,000
$0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
This is a summary of certain changes to the Fund since December 31, 2023. For more complete information, you may review the Fund’s next
prospectus, which we expect to be available by April 30, 2025 at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or
upon request at 800-662-7447.