VANGUARD ENERGY FUND
Actively managed global stock fund
As of its 2026 Q2 report, VANGUARD ENERGY FUND held 42 positions with $7.62B in net assets. Its ten largest holdings made up 49.5% of the fund. The VGENX share class costs 0.45% a year. Over the 12 months to May 2026, VGENX returned 32.2%, with dividends reinvested. In 2026 Q3 it added 3 new positions and exited 3.
Vanguard Energy Opportunities Fund (the Fund) seeks to provide long-term capital appreciation.
The fund employs active management to select common stocks of companies principally engaged in energy industry activities, including exploration, production, transmission, refining, and related services across traditional sources such as oil, gas, coal, and electricity, as well as newer sources including nuclear, geothermal, and solar power; it may also invest in foreign stocks. The fund is nondiversified and concentrates more than 25% of its assets in energy industry issuers, which means it may invest a greater percentage in particular issuers than diversified funds. Because the fund's returns depend on the manager's security selections, performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
8.60% | $655.84M | 4.2M | $154.33 | |
TotalEnergies SE | 7.16% | $545.51M | 5.9M | $92.87 |
Engie SA | 4.94% | $376.85M | 11.4M | $32.96 |
Shell PLC | 4.88% | $372.35M | 8.2M | $45.47 |
4.80% | $365.80M | 1.5M | $248.29 | |
CVXChevron Corp | 3.98% | $303.19M | 1.6M | $193.31 |
3.87% | $295.09M | 1.1M | $260.08 | |
3.83% | $291.62M | 3.8M | $76.31 | |
Shell PLC | 3.79% | $289.22M | 3.2M | $90.67 |
SRESempra | 3.69% | $280.94M | 3.0M | $95.12 |
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.
All 42 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 | 99.14% |
| Cash & short-term | 0.59% |
By sector
- Energy
- 35.5%
- International
- 31.8%
- Utilities
- 23.4%
- Other
- 9.3%
- 1 other sector
- 0.0%
- Energy
- 35.5%
- International
- 31.8%
- Utilities
- 23.4%
- Other
- 9.3%
- Cash
- 0.0%
How it has done
VGENX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.38%. 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 |
|---|---|---|---|---|---|
| 0.45% | +32.21% | +81.54% | +131.98% | -6.06% | |
| 0.37% | +32.32% | +82.02% | +132.91% | -6.05% |
These classes hold the same portfolio, so the 0.93pp spread over 5 years is the cost difference between them — roughly 0.19pp a year — not a difference in what they own.
Fees & fund details
VANGUARD ENERGY FUND is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.37% – 0.45%· VGENX 0.45%
- Portfolio turnover
- 19.00% 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
Understand how this fund fits with the rest.
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