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Vanguard  Notable Performers, Reopenings, and Redemptions at
Vanguard  Thu, 1 Aug 2013    Video Transcript  Christine Benz:
Hi. I'm Christine Benz for Morningstar.com.  Vanguard has been
one of the fund world's top asset gatherers in recent years, but
June was a notable exception. Joining me to discuss that and
other notable developments of the firm is Bridget Hughes. She is
associate director of fund analysis with Morningstar.  Bridget,
thank you so much for being here.  Bridget Hughes: Thanks for
having me, Christine.  Benz: Bridget, when you look at Vanguard
in terms of performance in the first half of the year, how do
the firm's funds do generally, when you go asset class by asset
class?  Hughes: As you might expect for a firm that's as large
as it is, and especially one that has as many index funds and
wants to cover [as many] different areas of the markets as
Vanguard does, a lot of the funds … have averaged out to the
middle. So on the munic