Summary
Vanguard Materials 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: 113. The ten largest make up 58% of the fund.
- Yearly costs
- 0.09%
- Fund size
- $4.50B
- Positions
- 113
- Dividend yield
- 1.41%
- 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 $4.50B under management.
- Average yearly growth over the last ten years: 7.9%.
- It has been running since 2004.
What to watch
- The ten largest positions make up 58% of the fund, so its result rests on a few names.
- 89% of the fund is in one sector (Basic materials).
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
- +0.8%
- 3 months
- +1.9%
- This year
- +8.6%
- 1 year
- +10%
- 3 years
- +37%
- 5 years
- +21%
- 10 years
- +114%
- Avg. market cap
- $80.2B
- P/E
- 20.0x
- Forward P/E
- 17.3x
- P/S
- 1.8x
- P/B
- 2.3x
- P/FCF
- 20.7x
- EV/EBITDA
- 11.2x
- Dividend yield
- 1.69%
- ROIC
- 8.9%
- ROE
- 17.5%
- Gross margin
- 35.9%
- Operating margin
- 20.4%
- Net margin
- 13.9%
- Payout ratio
- 33.9%
- Net debt/EBITDA
- 2.5x
- Beta
- 0.98
Weighted average of the 50 largest companies, which make up 93% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 LILinde plc LIN 15%
- 2 NENewmont NEM 8.5%
- 3 FCFreeport-McMoRan Inc. FCX 7.0%
- 4 SHSherwin-Williams SHW 5.1%
- 5 ECEcolab Inc. ECL 4.8%
- 6 APAir Products and Chemicals, Inc. APD 4.0%
- 7 CRCRH CRH 3.8%
- 8 CTCorteva, Inc. CTVA 3.6%
- 9 NUNucor Corporation NUE 3.6%
- 10 VMVulcan Materials Company VMC 2.2%
Positions in the fund: 113. The ten largest make up 58% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Basic materials 89%
- Consumer cyclical 9.4%
- Industrials 0.6%
- Healthcare 0.5%
- Consumer defensive 0.03%
- Other 0.03%
By country
- United States 75%
- United Kingdom 15%
- Ireland 5.5%
- Switzerland 2.6%
- Other countries 2.1%
By company size
- Mega cap 15%
- Large cap 67%
- Mid cap 15%
- Small cap 2.3%
- Micro cap 0.01%
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: Basic materials (89%). Largest country: United States (75%). Largest size group: Large cap (67%).
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
- +7.9%
- Deepest drop
- -26%
- Yearly volatility
- 19%
Average yearly growth over the last ten years: 7.9%. Deepest drop in these years: 26% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.41%
- Payments a year
- 4
- Last payment
- $0.40
Over the last 12 months it paid $1.62 per share, which is 1.41% of today's price. The last payment was $0.40 on Sep 23, 2026.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 20.0
- Average Bulios Score
- 65 out of 100
Weight by Bulios Fair Price
- Undervalued 11%
- Fairly valued 11%
- Overvalued 77%
On average the companies inside trade for 20.0 times their yearly profit. By Fair Price, 77% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 93% 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 | ||
|---|---|---|---|---|---|---|
VA VAW Vanguard Materials ETF | United States | 0.09% | $4.50B | +10% | Pays out | 99% |
2B 2B7B.DE iShares S&P 500 Materials Sector UCITS ETF | Ireland | 0.15% | $204.5M | +21% | Reinvests | 74% |
TR TRUM VanEck Materials TruSector ETF | United States | 0.15% | $252.7K | - | Pays out | 74% |
FM FMAT Fidelity MSCI Materials Index ETF | United States | 0.08% | $574.1M | +9.9% | Pays out | 71% |
XL XLB Materials Select Sector SPDR Fund | United States | 0.08% | $8.06B | +15% | Pays out | 69% |
IY IYM iShares U.S. Basic Materials ETF | United States | 0.37% | $987.7M | +22% | Pays out | 63% |
