Fund info

Vanguard Dividend Appreciation Index Fund Admiral Shares is a U.S. equity index mutual fund that tracks the performance of the S&P U.S. Dividend Growers Index. Its primary objective is to invest in companies that have demonstrated a record of increasing their dividend payments for at least ten consecutive years. By focusing on this criterion, the fund assembles a portfolio of established, financially robust corporations with a proven commitment to returning capital to shareholders through rising dividends. This approach results in a diversified collection of more than 300 holdings, largely avoiding higher-risk or newly volatile stocks. The fund applies a market capitalization weighting and imposes a cap on individual stock exposure to promote diversification. Its low expense ratio, typically around 0.08%, and modest turnover rate contribute to cost efficiency. Vanguard Dividend Appreciation Index Fund Admiral Shares plays a significant role in the large-blend equity sector, appealing to investors seeking steady income growth and stability through high-quality, dependable U.S. companies with a disciplined dividend policy.