EQUITY INDEX PORTFOLIO

VANGUARD VARIABLE INSURANCE FUNDS · Series S000004400

Equity fund · 100% stocks
$12.53B NAV
515 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q2

Vanguard Variable Insurance Funds Equity Index Portfolio (the Fund) seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks.

Strategy · summarised

The fund tracks the S&P 500 Index by holding all or substantially all of its constituent stocks in the same proportions as the index. Because the fund replicates the index rather than sampling it, its returns will closely match the index's performance.

Expenses
0.14%one share class
Share classExpense ratio
C0000121560.14%

Portfolio turnover 4.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.06%
of net assets
Stocks99.79%
Cash & short-term0.27%
Derivatives0.00%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 15 new6 exited

Largest new: VRT, CIEN, LITE, COHR, ECHO

Largest exited: Dayforce Inc, MOH, PAYC, MTCH, LW

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CorpNVDA7.58%$949.07M
Apple IncAAPL6.66%$834.41M
Microsoft CorpMSFT4.92%$615.57M
Amazon.com IncAMZN3.64%$455.63M
Alphabet IncGOOGL2.99%$374.85M
Broadcom IncAVGO2.62%$328.64M
Alphabet IncGOOG2.40%$300.52M
Meta Platforms IncMETA2.24%$280.23M
Tesla IncTSLA1.87%$234.14M
Berkshire Hathaway IncBRK/B1.57%$196.79M
Showing 10 of 515Sign in to see more

Top 10 positions are 36.48% of net assets, top 25 49.42%, across 502 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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