INDEX PERFORMANCE. The investment record of the Index for any period, expressed as a percentage of the Index at the beginning of such period, shall be the sum of: (i) the change in the level of the Index during such period, and (ii) the value, computed consistently with the Index of cash distributions having an ex-dividend date occurring within such period made by companies whose securities comprise the Index. For this purpose, cash distributions on the securities which comprise the Index shall be treated as reinvested in the Index at least as frequently as the end of each calendar quarter following the payment of the dividend.
Appears in 8 contracts
Samples: Investment Advisory Agreement (Vanguard World Funds), Investment Advisory Agreement (Vanguard World Fund Inc), Investment Advisory Agreement (Vanguard Variable Insurance Fund)
INDEX PERFORMANCE. The investment record of the Index for any period, expressed as a percentage of the Index at the beginning of such period, shall will be the sum of: (i) the change in the level of the Index during such the period, and ; (ii) the value, computed consistently with the Index Index, of cash distributions having an ex-ex- dividend date occurring within such the period made by companies whose securities comprise the Index. For this purpose, cash distributions on the securities which comprise the Index shall will be treated as reinvested in the Index at least as frequently as the end of each calendar quarter following the payment of the dividend. The calculation will be gross of applicable costs and expenses.
Appears in 4 contracts
Samples: Investment Advisory Agreement (Vanguard Explorer Fund), Investment Advisory Agreement (Vanguard Explorer Fund), Investment Advisory Agreement (Vanguard Explorer Fund)
INDEX PERFORMANCE. The investment record of the Index for any period, expressed as a percentage of the Index at the beginning of such period, shall be the sum of: (i) the change in the level of the Index Index, during such period, and (ii) the value, computed consistently with the Index of cash distributions having an ex-dividend date occurring within such period made by companies whose securities comprise the Index. For this purpose, cash distributions on the securities which comprise the Index shall be treated as reinvested in the Index at least as frequently as the end of each calendar quarter following the payment of the dividend.
Appears in 3 contracts
Samples: Investment Advisory Agreement (Vanguard Variable Insurance Fund), Investment Advisory Agreement (Vanguard Variable Insurance Fund), Investment Advisory Agreement (Vanguard Variable Insurance Fund)
INDEX PERFORMANCE. The investment record of the Index for any period, expressed as a percentage of the Index level at the beginning of such period, shall will be the sum of: of (i) the change in the level of the Index during such period, and (ii) the value, computed consistently with the Index Index, of cash distributions having an ex-dividend date occurring within such period made by companies whose securities comprise make up the IndexIndex accumulated to the end of such period. For this purpose, cash distributions on the securities which comprise that make up the Index shall will be treated as reinvested in the Index Index, at least as frequently as the end of each calendar quarter following the payment of the dividend. The calculation will be gross of applicable costs and expenses.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Vanguard/Windsor Funds Inc), Investment Advisory Agreement (Vanguard Windsor Funds/)
INDEX PERFORMANCE. The investment record of the Index for any period, expressed as a percentage of the Index at the beginning of such period, shall will be the sum of: (i) the change in the level of the Index during such period, and (ii) the value, computed consistently with the Index of cash distributions having an ex-dividend date occurring within such period made by companies whose securities comprise the Index. For this purpose, cash distributions on the securities which comprise the Index shall will be treated as reinvested in the Index at least as frequently as the end of each calendar quarter following the payment of the dividend.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Vanguard/Windsor Funds Inc), Investment Advisory Agreement (Vanguard/Windsor Funds Inc)
INDEX PERFORMANCE. The investment record of the Index for any period, expressed as a percentage of the Index at the beginning of such period, shall will be the sum of: (i) the change in the level of the Index during such period, and (ii) the value, computed consistently with the Index Index, of cash distributions having an ex-dividend date occurring within such period made by companies whose securities comprise the Index. For this purpose, purpose cash distributions on the securities which comprise the Index shall be treated as reinvested in the Index at least as frequently as the end of each calendar quarter following the payment of the dividend.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Vanguard Malvern Funds), Investment Advisory Agreement (Vanguard Asset Allocation Fund Inc)
INDEX PERFORMANCE. The investment record of the Index for any period, expressed as a percentage of the Index at the beginning of such period, shall will be the sum of: (i) the change in the level of the Index during such the period, and ; (ii) the value, computed consistently with the Index Index, of cash distributions having an ex-dividend date occurring within such the period made by companies whose securities comprise the Index. For this purpose, cash distributions on the securities which comprise the Index shall be treated as reinvested in the Index at least as frequently as the end of each calendar quarter following the payment of the dividend.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Vanguard Fenway Funds), Investment Advisory Agreement (Vanguard Equity Income Fund Inc)
