VANGUARD HEALTH CARE FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, VANGUARD HEALTH CARE FUND held 103 positions with $36.86B in net assets. Its ten largest holdings made up 40.7% of the fund. The VGHCX share class costs 0.33% a year. Over the 12 months to May 2026, VGHCX returned 20.2%, with dividends reinvested. In 2026 Q3 it added 5 new positions and exited 11.
Vanguard Health Care Fund (the Fund) seeks to provide long-term capital appreciation.
The fund pursues long-term capital appreciation through active management, investing at least 80% of assets in stocks of companies engaged in health care development, production, or distribution—including pharmaceutical firms, medical suppliers, hospitals, and research-focused businesses—while seeking balanced representation across health care subsectors. The fund is nondiversified under the Investment Company Act of 1940, meaning it may invest a greater percentage of its assets in particular issuers than diversified funds, and it concentrates more than 25% of assets in health care securities as a matter of fundamental policy. Up to 50% of assets may be invested in foreign stocks.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
9.08% | $3.35B | 3.6M | $934.60 | |
5.41% | $2.00B | 18.3M | $109.18 | |
AstraZeneca PLC | 5.09% | $1.88B | 9.9M | $189.72 |
3.92% | $1.44B | 3.9M | $370.48 | |
3.45% | $1.27B | 5.5M | $229.85 | |
3.21% | $1.18B | 14.2M | $83.50 | |
GSK PLC | 3.13% | $1.15B | 44.0M | $26.22 |
2.71% | $1.00B | 2.2M | $457.61 | |
2.35% | $868.21M | 15.1M | $57.61 | |
DHRDanaher Corp | 2.35% | $865.49M | 4.8M | $178.95 |
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 103 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 | 98.41% |
| Cash & short-term | 1.31% |
By sector
- Health Care
- 76.3%
- International
- 19.2%
- Other
- 4.2%
- Financials
- 0.2%
- 1 other sector
- 0.1%
- Health Care
- 76.3%
- International
- 19.2%
- Other
- 4.2%
- Financials
- 0.2%
- Cash
- 0.1%
How it has done
VGHCX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.96%. 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 |
|---|---|---|---|---|---|
| 0.33% | +20.21% | +18.89% | +27.99% | -20.62% | |
| 0.27% | +20.27% | +19.06% | +28.32% | -20.58% |
These classes hold the same portfolio, so the 0.33pp spread over 5 years is the cost difference between them — roughly 0.07pp a year — not a difference in what they own.
Fees & fund details
VANGUARD HEALTH CARE FUND is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.27% – 0.33%· VGHCX 0.33%
- Portfolio turnover
- 47.00% 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.
5 new
11 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — VGHCX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”