Summary
Vanguard Dividend Appreciation Index Fund Admiral Shares is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 344. The ten largest make up 35% of the fund.
- Yearly costs
- 0.07%
- Fund size
- $127.7B
- Positions
- 344
- Dividend yield
- 1.42%
- Running since
- 2013
What speaks for it
- Costs of 0.07% a year are below the middle of comparable funds (0.40%).
- A large fund with $127.7B under management.
- Average yearly growth over the last ten years: 11%.
- It has been running since 2013.
What to watch
- 100% of the fund is in one country (United States).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +2.5%
- 3 months
- -0.8%
- This year
- +11%
- 1 year
- +13%
- 3 years
- +54%
- 5 years
- +45%
- 10 years
- +193%
- Avg. market cap
- $1.06T
- P/E
- 25.7x
- Forward P/E
- 20.8x
- P/S
- 3.9x
- P/B
- 6.7x
- P/FCF
- 23.0x
- EV/EBITDA
- 19.6x
- Dividend yield
- 1.55%
- ROIC
- 51.7%
- ROE
- 49.4%
- Gross margin
- 54.7%
- Operating margin
- 29.8%
- Net margin
- 23.9%
- Payout ratio
- 39.9%
- Net debt/EBITDA
- 1.0x
- Beta
- 0.80
Weighted average of the 50 largest companies, which make up 74% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 MSMicrosoft MSFT 4.9%
- 2 AAApple AAPL 4.9%
- 3 AVBroadcom AVGO 4.3%
- 4 LLEli Lilly LLY 4.1%
- 5 JPJPMorgan JPM 3.9%
- 6 XOExxon Mobil XOM 3.0%
- 7 JNJohnson & Johnson JNJ 2.8%
- 8 VVisa V 2.5%
- 9 WMWalmart WMT 2.1%
- 10 ABAbbVie ABBV 2.0%
Positions in the fund: 344. The ten largest make up 35% of it.
Composition as of Nov 6, 2026.
Where is it spread?
One countryBy sector
- Technology 27%
- Financials 21%
- Healthcare 19%
- Industrials 11%
- Consumer defensive 9.1%
- Other 13%
By country
- United States 100%
- Other countries 0.07%
By company size
- Mega cap 61%
- Large cap 37%
- Mid cap 2.0%
- Small cap 0.2%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (27%). Largest country: United States (100%). Largest size group: Mega cap (61%).
What does it cost me?
Cheap- A year from $10,000
- $7.00
- Over 20 years
- $352
From every $10,000 invested the fund takes $7.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $352.
How has it done?
Growing over the long run- A year on average, 10 years
- +11%
- Deepest drop
- -22%
- Yearly volatility
- 11%
Average yearly growth over the last ten years: 11%. Deepest drop in these years: 22% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.42%
- Payments a year
- 4
- Last payment
- $0.25
Over the last 12 months it paid $0.94 per share, which is 1.42% of today's price. The last payment was $0.25 on Sep 28, 2026.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 25.7
- Average Bulios Score
- 71 out of 100
Weight by Bulios Fair Price
- Undervalued 10%
- Fairly valued 10%
- Overvalued 79%
On average the companies inside trade for 25.7 times their yearly profit. By Fair Price, 79% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 74% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
VG VGH.TO Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged) | Canada | 0.29% | $753.5M | +11% | Pays out | 100% |
VI VIG Vanguard Dividend Appreciation ETF | United States | 0.04% | $109.1B | +13% | Pays out | 100% |
VG VGG.TO Vanguard U.S. Dividend Appreciation Index ETF | Canada | 0.29% | $1.89B | +14% | Pays out | 99% |
PF PFM Invesco Dividend Achievers ETF | United States | 0.52% | $800.2M | +13% | Pays out | 84% |
DG DGRO iShares Core Dividend Growth ETF | United States | 0.08% | $44.6B | +18% | Pays out | 68% |
VY VYM Vanguard High Dividend Yield Index Fund | United States | 0.04% | $93.1B | +13% | Pays out | 61% |
