Summary
Vanguard Financials 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: 426. The ten largest make up 48% of the fund.
- Yearly costs
- 0.09%
- Fund size
- $13.9B
- Positions
- 426
- Dividend yield
- 1.73%
- Running since
- 2004
What speaks for it
- Costs of 0.09% a year are below the middle of comparable funds (0.40%).
- A large fund with $13.9B under management.
- Average yearly growth over the last ten years: 11%.
- It has been running since 2004.
What to watch
- 97% of the fund is in one sector (Financials).
- 96% 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
- +6.4%
- 3 months
- -0.7%
- This year
- +3.7%
- 1 year
- +8.8%
- 3 years
- +79%
- 5 years
- +39%
- 10 years
- +175%
- Avg. market cap
- $434.9B
- P/E
- 15.5x
- Forward P/E
- 15.4x
- P/S
- 2.9x
- P/B
- 2.3x
- P/FCF
- 12.5x
- EV/EBITDA
- -
- Dividend yield
- 1.56%
- ROIC
- -
- ROE
- 36.3%
- Gross margin
- -
- Operating margin
- 31.0%
- Net margin
- 25.5%
- Payout ratio
- 24.1%
- Net debt/EBITDA
- -
- Beta
- 0.92
Weighted average of the 50 largest companies, which make up 80% 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 JPJPMorgan JPM 10%
- 2 BRBerkshire Hathaway BRK-B 8.3%
- 3 VVisa V 7.1%
- 4 MAMastercard MA 5.3%
- 5 BABank of America BAC 4.2%
- 6 GSGoldman Sachs GS 2.9%
- 7 WFWells Fargo WFC 2.9%
- 8 MSMorgan Stanley MS 2.6%
- 9 CCitigroup C 2.6%
- 10 SCCharles Schwab SCHW 1.9%
Positions in the fund: 426. The ten largest make up 48% of it.
Composition as of Oct 24, 2026.
Where is it spread?
One sector dominatesBy sector
- Financials 97%
- Technology 1.9%
- Real estate 0.6%
- Healthcare 0.09%
- Industrials 0.06%
- Other 0.7%
By country
- United States 96%
- Switzerland 1.4%
- Bermuda 1.0%
- Ireland 0.7%
- Other countries 1.1%
By company size
- Mega cap 49%
- Large cap 42%
- Mid cap 7.2%
- Small cap 1.6%
- Micro cap 0.02%
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: Financials (97%). Largest country: United States (96%). Largest size group: Mega cap (49%).
What does it cost me?
Cheap- A year from $10,000
- $9.00
- Over 20 years
- $451
From every $10,000 invested the fund takes $9.00 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 $451.
How has it done?
Growing over the long run- A year on average, 10 years
- +11%
- Deepest drop
- -27%
- Yearly volatility
- 15%
Average yearly growth over the last ten years: 11%. Deepest drop in these years: 27% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.73%
- Payments a year
- 4
- Last payment
- $0.22
Over the last 12 months it paid $1.18 per share, which is 1.73% of today's price. The last payment was $0.22 on Sep 23, 2026.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 15.5
- Average Bulios Score
- 75 out of 100
Weight by Bulios Fair Price
- Undervalued 36%
- Fairly valued 5.2%
- Overvalued 59%
On average the companies inside trade for 15.5 times their yearly profit. By Fair Price, 59% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 80% 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 | ||
|---|---|---|---|---|---|---|
VF VFH Vanguard Financials ETF | United States | 0.09% | $13.9B | +8.9% | Pays out | 99% |
FN FNCL Fidelity MSCI Financials Index ETF | United States | 0.08% | $2.24B | +8.9% | Pays out | 92% |
XL XLF State Street Financial Select Sector SPDR ETF | United States | 0.08% | $51.9B | +9.0% | Pays out | 85% |
QD QDVH.DE iShares S&P 500 Financials Sector UCITS ETF | Ireland | 0.15% | $2.34B | +14% | Reinvests | 85% |
XU XUFN.DE Xtrackers MSCI USA Financials UCITS ETF 1D | Ireland | 0.12% | $809.3M | +12% | Pays out | 83% |
ZP ZPDF.DE State Street SPDR S&P U.S. Financials Select Sector UCITS ETF (Acc) | Ireland | 0.15% | $866.8M | +14% | Reinvests | 82% |