My 401(k) Mutual Funds: Part 5 of 6

Almost done, here comes the fifth installment of this series of posts:

Vanguard Extended Market Idx Signal VEMSX

Started In: 2006
Load: No
Yield: 1.31%
Annual Turnover: 16%
Size: $14 billion
Expense Ratio: 0.10%
Cost: $32 per $10,000 over 3 years
MS Stars: NR
Stewardship: B
Category: Mid-Cap Blend
Management: Donald Butler has managed it since inception.
Performance: The fund has virtually no history.
Lipper: The Fund seeks to track the performance of a benchmark index that measures the investment return of small- and mid-capitalization stocks. The Fund employs a "passive management" approach designed to track the performance of the Wilshire 4500 Completion Index.
Comments: Fund invests in Medium (52%), Small (31%), and Micro (11%) companies. It has zero in Cash. It has 3222 holdings.

Vanguard Inst Total Stock Mkt Idx Ins VITNX

Started In: 2001
Load: No
Yield: 1.71%
Annual Turnover: 8%
Size: $10 billion
Expense Ratio: 0.05%
Cost: $15 per $10,000 over 3 years
MS Stars: 4
Stewardship: B
Category: Large Blend
Management: Michael Perre has managed since 2005.
Performance: Fund lost 21% in 2002, rough start. Since then it posted 11.5% 5-year returns which rank it #22 among peers.
Strategy: This index fund tracks the MSCI U.S. Broad Market Index. Both indexes include nearly all publicly traded domestic stocks. It would be impractical to own each small company in the index, so, among the tiniest firms, management selects a representative sample. In an effort to boost returns by a few basis points, the manager uses various techniques, including securities lending.
Lipper: The Fund seeks to match the performance of a benchmark index that measures the investment return of the overall stock market. The Fund employs a passive management strategy designed to track the performance of the Wilshire 5000 Total Market Index.
Comments: It has virtually zero in Cash. It invests in Giant (42%), Large (31%), and Medium (20%). It has 3360 holdings. Bottom line: I don't see an edge, I don't see stunning performance, I'm not impressed.

Vanguard Small Cap Index Signal VSISX

Started In: 2006
Load: No
Yield: 1.38%
Annual Turnover: 24%
Size: $15 billion
Expense Ratio: 0.13%
Cost: $42 per $10,000 over 3 years
MS Stars: NR
Stewardship: B
Category: Small Blend
Management: Michael Buek has been its manager since inception at the end of 2006
Performance: The fund has no performance history to speak of.
Lipper: The Fund seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. The Fund employs a "passive management" approach designed to track the performance of the MSCI U.S. Small Cap 1750 Index, a broadly diversified index of stocks of smaller U.S. companies.
Comments: It has 1685 holdings.