Vanguard Capital Opportunity (VHCOX) seeks maximum long-term total return. The fund invests primarily in stocks of mid- and small-capitalization companies expected to have above-average earnings growth. Fundamental analysis and a long-term investment horizon are key components of the adviser's investment strategy. However, stocks may be sold relatively quickly if they are considered overvalued or other securities are more favorably priced. The fund invests in companies with strong industry positions, increasing sales, superior return on equity, and talented management teams. Vanguard Capital Opportunity Fund was incepted in August 1995 and is managed by the PRIMECAP Management Company.The fund distributes dividends and capital gains in December. Vanguard Total Bd Mkt Index Inv (VBMFX) looks for a high level of interest income. The fund attempts to match the performance of the unmanaged Lehman Brothers Aggregate Bond Index,