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Vanguard Growth & Income Betters Bogy, Lags Peers

Fund is narrowly ahead of S&P 500 through mid-May 2000.

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The merits of Vanguard Growth and Income's (VQNPX) recent performance depend on your point of view.

Relative to its benchmark, the S&P 500 index, this enhanced-index fund is putting up pretty good numbers in 2001. For the year to date through May 14, the fund's 4.5% loss puts it roughly 50 basis points, or half a percent, ahead of the index. The fund's quantitative stock-picking models have added value through overweighting (in comparison with the index) issues such as Bank of America (BAC) and Tosco (TOS).

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Scott Cooley does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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