I've been in VEIPX for over 5-years. My purchase price has fluctuated between $17-27 through the years.

Right now, my 1-3 yr. are nothing to get excited about. However, my 5-year return is averaging slightly above 11%, so it's not too bad considering the expense ratio averages 0.29%.

VEIPX makes up about 18% of my portfolio. My goal for 2Q08 is to stay the course, and maybe increase my overall position to somewhere between 19-20%.

In tough times, I feel a lot safer with large caps, especially those with high yields, and even with the subprime banking collapse, this fund has been a relatively safe fund to do just that.

Then again, I'm starting to feel confident that we've hit the bottoms on many of these funds, so I'm starting to get aggressive with my small and mid cap funds again for 2Q08.