VANGUARD DIVIDEND APPRECIATION INDEX FUND
U.S. stock index ETF · tracks S&P U.S. Dividend Growers Index
As of its 2026 Q2 report, VANGUARD DIVIDEND APPRECIATION INDEX FUND held 341 positions with $124.65B in net assets. Its ten largest holdings made up 32.5% of the fund. The VIG share class costs 0.04% a year. Over the 12 months to May 2026, VIG returned 20.4%, with dividends reinvested. In 2026 Q3 it added 3 new positions and exited 4.
Vanguard Dividend Appreciation Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that have a record of increasing dividends over time.
The fund tracks the S&P U.S. Dividend Growers Index by holding its constituent stocks in the same proportions as the index, selecting U.S. companies with a history of increasing dividends and excluding real estate trusts. Because the fund replicates the index rather than sampling it, its returns will match the index's performance before fees. The fund may become concentrated in particular issuers or industries if the index itself becomes concentrated due to market conditions or index rebalancing.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AVGOBroadcom Inc | 5.18% | $6.46B | 15.5M | $417.43 |
AAPLApple Inc | 4.07% | $5.08B | 18.7M | $271.35 |
MSFTMicrosoft Corp | 3.96% | $4.94B | 12.1M | $407.78 |
3.59% | $4.47B | 14.3M | $313.23 | |
3.33% | $4.16B | 4.4M | $934.60 | |
2.90% | $3.62B | 23.5M | $154.33 | |
WMTWalmart Inc | 2.60% | $3.25B | 24.6M | $131.93 |
2.50% | $3.11B | 13.5M | $229.85 | |
2.33% | $2.90B | 8.8M | $329.84 | |
2.03% | $2.53B | 2.5M | $1,014.53 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 341 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.34% |
| Cash & short-term | 0.57% |
| Derivatives | 0.02% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 25.3%
- Financials
- 21.8%
- Health Care
- 17.8%
- Industrials
- 11.9%
- 8 other sectors
- 23.3%
- Information Technology
- 25.3%
- Financials
- 21.8%
- Health Care
- 17.8%
- Industrials
- 11.9%
- Consumer Staples
- 9.3%
- Consumer Discretionary
- 4.2%
- Energy
- 3.3%
- Materials
- 3.2%
- Utilities
- 2.9%
- Cash
- 0.3%
- Other
- 0.0%
- International
- 0.0%
How it has done
VIG share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.66%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.04% | +20.36% | +61.70% | +65.40% | -7.45% | |
| 0.07% | +20.34% | +61.60% | +65.26% | -7.44% |
These classes hold the same portfolio, so the 0.13pp spread over 5 years is the cost difference between them — roughly 0.03pp a year — not a difference in what they own.
Fees & fund details
VANGUARD DIVIDEND APPRECIATION INDEX FUND is a U.S. equity index ETF that tracks the S&P U.S. Dividend Growers Index. 11% of VIG’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Expense ratio, by class
- 0.04% – 0.07%· VIG 0.04%
- Portfolio turnover
- 8.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
3 new· the largest 2
4 exited· the largest 1
Understand how this fund fits with the rest.
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