Summary
Vanguard Utilities 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: 75. The ten largest make up 52% of the fund.
- Yearly costs
- 0.09%
- Fund size
- $9.50B
- Positions
- 75
- Dividend yield
- 2.78%
- 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 $9.50B under management.
- Average yearly growth over the last ten years: 6.0%.
- It has been running since 2004.
What to watch
- The ten largest positions make up 52% of the fund, so its result rests on a few names.
- 99% of the fund is in one sector (Utilities).
- 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
- +4.1%
- 3 months
- -1.2%
- This year
- +0.8%
- 1 year
- -4.1%
- 3 years
- +44%
- 5 years
- +28%
- 10 years
- +80%
- Avg. market cap
- $65.2B
- P/E
- 18.5x
- Forward P/E
- 18.1x
- P/S
- 2.7x
- P/B
- 2.0x
- P/FCF
- 20.2x
- EV/EBITDA
- 10.9x
- Dividend yield
- 2.87%
- ROIC
- 10,786.4%
- ROE
- 13.7%
- Gross margin
- 50.3%
- Operating margin
- -7.8%
- Net margin
- -1.8%
- Payout ratio
- 53.2%
- Net debt/EBITDA
- 4.5x
- Beta
- 0.50
Weighted average of the 50 largest companies, which make up 97% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 NENextEra Energy NEE 11%
- 2 SOThe Southern Company SO 6.7%
- 3 DUDuke Energy Corporation DUK 6.4%
- 4 CEConstellation Energy CEG 5.7%
- 5 AEAmerican Electric Power Company, Inc. AEP 4.7%
- 6 DDominion Energy D 3.8%
- 7 SRSempra SRE 3.7%
- 8 VSVistra Corp. VST 3.4%
- 9 ETEntergy Corporation ETR 3.3%
- 10 XEXcel Energy Inc. XEL 3.2%
Positions in the fund: 75. The ten largest make up 52% of it.
Composition as of Nov 6, 2026.
Where is it spread?
One sector dominatesBy sector
- Utilities 99%
- Energy 0.5%
- Industrials 0.3%
By country
- United States 100%
By company size
- Large cap 92%
- Mid cap 7.4%
- Small cap 0.5%
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: Utilities (99%). Largest country: United States (100%). Largest size group: Large cap (92%).
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
- +6.0%
- Deepest drop
- -28%
- Yearly volatility
- 16%
Average yearly growth over the last ten years: 6.0%. Deepest drop in these years: 28% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.78%
- Payments a year
- 4
- Last payment
- $0.63
Over the last 12 months it paid $2.61 per share, which is 2.78% of today's price. The last payment was $0.63 on Sep 23, 2026.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 18.5
- Average Bulios Score
- 67 out of 100
Weight by Bulios Fair Price
- Undervalued 37%
- Fairly valued 25%
- Overvalued 37%
On average the companies inside trade for 18.5 times their yearly profit.
Counted from its largest companies (50), which make up 97% 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 | ||
|---|---|---|---|---|---|---|
VP VPU Vanguard Utilities Index Fund | United States | 0.09% | $9.45B | -4.1% | Pays out | 99% |
FU FUTY Fidelity MSCI Utilities Index ETF | United States | 0.08% | $2.07B | -4.0% | Pays out | 96% |
ID IDU iShares U.S. Utilities ETF | United States | 0.37% | $1.42B | -1.9% | Pays out | 89% |
TR TRUU VanEck Utilities TruSector ETF | United States | 0.10% | $236.0K | - | Pays out | 88% |
ZP ZPDU.DE State Street SPDR S&P U.S. Utilities Select Sector UCITS ETF (Acc) | Ireland | 0.15% | $223.0M | +4.2% | Reinvests | 88% |
XL XLU Utilities Select Sector SPDR Fund | United States | 0.08% | $23.8B | -3.8% | Pays out | 88% |
