Summary
Vanguard Morningstar Total Stock Market Index Fund Institutional Plus 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: 3,530. The ten largest make up 35% of the fund.
- Yearly costs
- 0.02%
- Fund size
- $2.30T
- Positions
- 3,530
- Dividend yield
- 1.03%
- Running since
- 2015
What speaks for it
- Costs of 0.02% a year are below the middle of comparable funds (0.40%).
- A large fund with $2.30T under management.
- Average yearly growth over the last ten years: 13%.
- It has been running since 2015.
What to watch
- 97% 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
- -0.1%
- 3 months
- +2.5%
- This year
- +12%
- 1 year
- +13%
- 3 years
- +80%
- 5 years
- +60%
- 10 years
- +242%
- Avg. market cap
- $2.51T
- P/E
- 26.7x
- Forward P/E
- 24.7x
- P/S
- 6.3x
- P/B
- 7.9x
- P/FCF
- 34.9x
- EV/EBITDA
- 20.2x
- Dividend yield
- 0.67%
- ROIC
- 28.0%
- ROE
- 60.3%
- Gross margin
- 59.4%
- Operating margin
- 35.1%
- Net margin
- 33.3%
- Payout ratio
- 17.8%
- Net debt/EBITDA
- 0.5x
- Beta
- 1.02
Weighted average of the 50 largest companies, which make up 57% 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 NVNvidia NVDA 7.1%
- 2 AAApple AAPL 6.6%
- 3 MSMicrosoft MSFT 5.2%
- 4 AMAmazon AMZN 3.3%
- 5 GOAlphabet GOOGL 2.8%
- 6 AVBroadcom AVGO 2.3%
- 7 MEMeta META 2.2%
- 8 GOAlphabet GOOG 2.2%
- 9 MUMicron MU 1.6%
- 10 TSTesla TSLA 1.4%
Positions in the fund: 3,530. The ten largest make up 35% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Technology 36%
- Financials 12%
- Healthcare 10%
- Consumer cyclical 9.2%
- Industrials 9.1%
- Other 23%
By country
- United States 97%
- Ireland 1.1%
- United Kingdom 0.5%
- Singapore 0.3%
- Other countries 0.8%
By company size
- Mega cap 61%
- Large cap 36%
- Mid cap 3.0%
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 (36%). Largest country: United States (97%). Largest size group: Mega cap (61%).
What does it cost me?
Cheap- A year from $10,000
- $2.00
- Over 20 years
- $101
From every $10,000 invested the fund takes $2.00 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 $101.
How has it done?
Growing over the long run- A year on average, 10 years
- +13%
- Deepest drop
- -26%
- Yearly volatility
- 13%
Average yearly growth over the last ten years: 13%. Deepest drop in these years: 26% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.03%
- Payments a year
- 4
- Last payment
- $0.88
Over the last 12 months it paid $3.51 per share, which is 1.03% of today's price. The last payment was $0.88 on Sep 28, 2026.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 26.7
- Average Bulios Score
- 72 out of 100
Weight by Bulios Fair Price
- Undervalued 10%
- Fairly valued 5.1%
- Overvalued 85%
On average the companies inside trade for 26.7 times their yearly profit. By Fair Price, 85% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 57% 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 | ||
|---|---|---|---|---|---|---|
VT VTI Vanguard Total Stock Market Index Fund | United States | 0.03% | $2.30T | +13% | Pays out | 96% |
VT VTS.AX Vanguard U.S. Total Market Shares Index ETF | Australia | 0.03% | $6.96B | +7.1% | Pays out | 96% |
VU VUS.TO Vanguard U.S. Total Market Index ETF (CAD-hedged) | Canada | 0.15% | $998.3M | +11% | Pays out | 96% |
VU VUN.TO Vanguard U.S. Total Market Index ETF | Canada | 0.16% | $14.4B | +14% | Pays out | 96% |
VO VONE Vanguard Russell 1000 ETF | United States | 0.06% | $12.2B | +14% | Pays out | 95% |
VN VNRA.DE Vanguard FTSE North America UCITS ETF (USD) Accumulating | Ireland | 0.08% | $6.82B | +20% | Pays out | 89% |
