Colorado Springs Gazette

AP News

Morningstar® Investment Profile™

Vanguard Utilities ETF VPU


Size
Average Mkt Cap $Mil	14,028

Market Capitalization

% of Portfolio

Giant	0.00
Large	60.03
Medium	32.46
Small	7.03
Micro	0.48


Investment Valuation


Investment Style History (as of 12-31)

Current
2012
2011


Valuations and Growth Rates	ETF Portfolio	Rel to S&P 500
Price/Prospective Earnings	16.5	---
Price/Book	1.6	---
Price/Sales	1.6	---
Price/Cash Flow	6.4	---
Dividend Yield	3.9	---



Long-Term Earnings	5.5	---
Historical Earnings	-5.4	---
Sales Growth	-3.8	---
Cash-Flow Growth	0.9	---
Book-Value Growth	3.7	---


Data as of 03-31-13

Asset Allocation



% of Net Assets
	Cash	0.0
	Stocks	100.0
	Bonds	0.0
	Other	0.0


	Foreign Stocks	0.0


Data through 03-31-13

Sector Weightings


	% of Stocks	Rel to MSCI World NR USD	Rel to Cat Avg
Cyclical
Basic Materials	---	0.00	0.00
Consumer Cyclical	0.00	0.00	0.00
Financial Services	0.00	0.00	0.00
Real Estate	0.00	0.00	0.00


Sensitive
Communication Services	0.00	0.00	0.00
Energy	3.02	0.00	0.89
Industrials	0.00	0.00	0.00
Technology	0.00	0.00	0.00


Defensive
Consumer Defensive	0.00	0.00	0.00
Healthcare	0.00	0.00	0.00
Utilities	96.98	0.00	1.12

Data through 03-31-13

Top 25 Holdings


Total Number of Stock Holdings	78	Annual Turnover %	8
Total Number of Bond Holdings	0	% Assets in Top 10 Holdings	47.35


Top 25 Holdings		Sector	P/E	YTD Return %	% Net Assets

	Duke Energy Corporation		21.19	14.66	8.47
	Southern Co		16.03	11.18	6.80
	Dominion Resources Inc		90.91	19.17	5.54
	NextEra Energy Inc		15.17	18.17	5.18
	Exelon Corp		20.96	21.00	4.88


	American Electric Power Co Inc		16.42	18.56	3.91
	PG&E Corp		20.92	18.68	3.17
	Sempra Energy		20.37	19.93	3.04
	PPL Corp		10.96	13.58	3.02
	Consolidated Edison, Inc.		14.39	11.67	2.96


	FirstEnergy Corp		22.68	7.47	2.93
	Public Service Enterprise Group Inc		12.20	15.78	2.88
	Edison International		9.93	8.74	2.58
	Xcel Energy Inc		14.43	14.90	2.40
	Northeast Utilities		20.66	14.73	2.26


	DTE Energy Holding Company		15.48	20.55	1.95
	Entergy Corp		13.39	14.20	1.86
	Wisconsin Energy Corporation		15.67	20.43	1.64
	CenterPoint Energy Inc		19.84	28.39	1.61
	ONEOK, Inc.		26.04	16.89	1.54


	NiSource Inc		18.18	21.57	1.51
	NRG Energy Inc		9.78	22.75	1.42
	Ameren Corp		---	19.40	1.41
	AES Corp		---	22.15	1.32
	CMS Energy Corp		17.54	21.45	1.23


	Duke Energy Corporation		21.19	14.66	8.47
	Southern Co		16.03	11.18	6.80
	Dominion Resources Inc		90.91	19.17	5.54
	NextEra Energy Inc		15.17	18.17	5.18
	Exelon Corp		20.96	21.00	4.88



Data as of 03-31-13
YTD Data through 05-17-13

Data on this page does not include the fund′s short positions (if any).

Show Data Definitions

Become a Morningstar Premium Member. Enjoy our analyst picks and buy-sell opinions on 3,800 stocks, funds and ETFs. Learn more.

Past performance is not an indication of future results and exchange-traded fund investment returns and share prices will fluctuate. Your investment may be worth more or less than your original cost when you redeem your shares. Current performance may be lower or higher than the performance data quoted.