UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CERTIFIED SHAREHOLDER REPORT
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-01027
| Name of Registrant: | |
| Address of Registrant: | P.O. Box 2600 |
| Valley Forge, PA 19482 |
| Name and address of agent for service: | Natalie Lamarque, Esquire |
| P.O. Box 876 | |
| Valley Forge, PA 19482 |
Registrant’s telephone number, including area code: (610) 669-1000
Date of fiscal year end: August 31
Date of reporting
period: September 1, 2025—
Item 1: Reports to Shareholders.
|
Morningstar Mega Cap Index Fund |
|
|
Morningstar Mega Cap Value Index Fund |
|
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund slightly underperformed its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Nine of the benchmark’s 11 industry sectors recorded positive returns for the 12 months. Technology contributed the most to the benchmark’s return, followed by health care and financials. Utilities and consumer discretionary, the two sectors that posted negative returns, detracted slightly.
How did the Fund perform since inception?
Cumulative Performance: February 7, 2019, Through August 31, 2026
Initial Investment of $10,000
2/7/19 | $ | $ | $ |
|---|---|---|---|
2/28/19 | $ | $ | $ |
5/31/19 | $ | $ | $ |
8/31/19 | $ | $ | $ |
11/30/19 | $ | $ | $ |
2/29/20 | $ | $ | $ |
5/31/20 | $ | $ | $ |
8/31/20 | $ | $ | $ |
11/30/20 | $ | $ | $ |
2/28/21 | $ | $ | $ |
5/31/21 | $ | $ | $ |
8/31/21 | $ | $ | $ |
11/30/21 | $ | $ | $ |
2/28/22 | $ | $ | $ |
5/31/22 | $ | $ | $ |
8/31/22 | $ | $ | $ |
11/30/22 | $ | $ | $ |
2/28/23 | $ | $ | $ |
5/31/23 | $ | $ | $ |
8/31/23 | $ | $ | $ |
11/30/23 | $ | $ | $ |
2/29/24 | $ | $ | $ |
5/31/24 | $ | $ | $ |
8/31/24 | $ | $ | $ |
11/30/24 | $ | $ | $ |
2/28/25 | $ | $ | $ |
5/31/25 | $ | $ | $ |
8/31/25 | $ | $ | $ |
11/30/25 | $ | $ | $ |
2/28/26 | $ | $ | $ |
5/31/26 | $ | $ | $ |
8/31/26 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | Since Inception | |
|---|---|---|---|
Admiral Shares | |||
FTSE US Choice Index | |||
FTSE USA Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Basic Materials | |
|---|---|
Consumer Discretionary | |
Consumer Staples | |
Energy | |
Financials | |
Health Care | |
Industrials | |
Real Estate | |
Technology | |
Telecommunications | |
Utilities | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
During the reporting period, the expense ratio for the Admiral Share class of the Fund was reduced.
This is a summary of certain changes to the Fund since
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR513
Vanguard FTSE Social Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Institutional Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund slightly underperformed its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Nine of the benchmark’s 11 industry sectors recorded positive returns for the 12 months. Technology contributed the most to the benchmark’s return, followed by health care and financials. Utilities and consumer discretionary, the two sectors that posted negative returns, detracted slightly.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $5,000,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Institutional Shares | |||
FTSE US Choice Index | |||
FTSE USA Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Basic Materials | |
|---|---|
Consumer Discretionary | |
Consumer Staples | |
Energy | |
Financials | |
Health Care | |
Industrials | |
Real Estate | |
Technology | |
Telecommunications | |
Utilities | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
During the reporting period, the expense ratio for the Institutional Share class of the Fund was reduced.
This is a summary of certain changes to the Fund since
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Institutional Investor Services • 800-523-1036
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR223
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Newmont (+71%), Freeport-McMoRan (+72%), and Nucor (+70%) contributed the most to the benchmark’s return. They accounted for about 19% of the index at the end of the reporting period and added about 10 percentage points to its result.
CRH public (–15%), Sherwin-Williams (–7%), and International Paper (–20%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
MSCI U.S. Investable Market Materials 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Chemicals | |
|---|---|
Construction Materials | |
Containers & Packaging | |
Metals & Mining | |
Paper & Forest Products | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR952
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Newmont (+71%), Freeport-McMoRan (+72%), and Nucor (+70%) contributed the most to the benchmark’s return. They accounted for about 19% of the index at the end of the reporting period and added about 10 percentage points to its result.
CRH public (–15%), Sherwin-Williams (–7%), and International Paper (–20%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $100,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
MSCI U.S. Investable Market Materials 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Chemicals | |
|---|---|
Construction Materials | |
Containers & Packaging | |
Metals & Mining | |
Paper & Forest Products | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR5481
Vanguard Communication Services Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Alphabet (+59%), Warner Bros. Discovery (+145%), and Verizon Communications (+21%) contributed the most to the benchmark’s return. They accounted for about 30% of the index at the end of the reporting period and added about 16 percentage points to its result.
Meta Platforms (–22%), Roblox (–67%), and Netflix (–33%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
Communication Services Spliced Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Diversified Telecommunication Services | |
|---|---|
Entertainment | |
Interactive Media & Services | |
Media | |
Wireless Telecommunication Services | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR959
Vanguard Communication Services Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Alphabet (+59%), Warner Bros. Discovery (+145%), and Verizon Communications (+21%) contributed the most to the benchmark’s return. They accounted for about 30% of the index at the end of the reporting period and added about 16 percentage points to its result.
Meta Platforms (–22%), Roblox (–67%), and Netflix (–33%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $100,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
Communication Services Spliced Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Diversified Telecommunication Services | |
|---|---|
Entertainment | |
Interactive Media & Services | |
Media | |
Wireless Telecommunication Services | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR5488
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Investor Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund underperformed its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
The Fund lagged its benchmark across all industry sectors. Stock selection in communication services, information technology, and industrials detracted the most from relative performance.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Investor Shares | |||
Russell 1000 Growth Index | |||
Dow Jones U.S. Total Stock Market Float Adjusted Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Communication Services | |
|---|---|
Consumer Discretionary | |
Consumer Staples | |
Financials | |
Health Care | |
Industrials | |
Information Technology | |
Materials | |
Real Estate | |
Utilities | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR23
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund underperformed its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
The Fund lagged its benchmark across all industry sectors. Stock selection in communication services, information technology, and industrials detracted the most from relative performance.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $50,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
Russell 1000 Growth Index | |||
Dow Jones U.S. Total Stock Market Float Adjusted Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Communication Services | |
|---|---|
Consumer Discretionary | |
Consumer Staples | |
Financials | |
Health Care | |
Industrials | |
Information Technology | |
Materials | |
Real Estate | |
Utilities | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR523
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
NextEra Energy (+18%), Entergy (+24%), and Dominion Energy (+15%) contributed the most to the benchmark’s return. They accounted for about 19% of the index at the end of the reporting period and added about 3 percentage points to its result.
Vistra (–27%), Constellation Energy (–10%), and NRG Energy (–23%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
MSCI U.S. Investable Market Utilities 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Electric Utilities | |
|---|---|
Gas Utilities | |
Independent Power and Renewable Electricity Producers | |
Multi-Utilities | |
Water Utilities | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR960
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
NextEra Energy (+18%), Entergy (+24%), and Dominion Energy (+15%) contributed the most to the benchmark’s return. They accounted for about 19% of the index at the end of the reporting period and added about 3 percentage points to its result.
Vistra (–27%), Constellation Energy (–10%), and NRG Energy (–23%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $100,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
MSCI U.S. Investable Market Utilities 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Electric Utilities | |
|---|---|
Gas Utilities | |
Independent Power and Renewable Electricity Producers | |
Multi-Utilities | |
Water Utilities | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR5489
Vanguard Consumer Discretionary Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Amazon.com (+13%), Tesla (+10%), and General Motors (+49%) contributed the most to the benchmark’s return. They accounted for about 39% of the index at the end of the reporting period and added about 5 percentage points to its result.
Home Depot (–17%), Nike (–48%), and Flutter Entertainment (–67%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
Consumer Discretionary Spliced Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Automobile Components | |
|---|---|
Automobiles | |
Broadline Retail | |
Distributors | |
Diversified Consumer Services | |
Hotels, Restaurants & Leisure | |
Household Durables | |
Leisure Products | |
Specialty Retail | |
Textiles, Apparel & Luxury Goods | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR954
Vanguard Consumer Discretionary Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Amazon.com (+13%), Tesla (+10%), and General Motors (+49%) contributed the most to the benchmark’s return. They accounted for about 39% of the index at the end of the reporting period and added about 5 percentage points to its result.
Home Depot (–17%), Nike (–48%), and Flutter Entertainment (–67%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $100,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
Consumer Discretionary Spliced Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Automobile Components | |
|---|---|
Automobiles | |
Broadline Retail | |
Distributors | |
Diversified Consumer Services | |
Hotels, Restaurants & Leisure | |
Household Durables | |
Leisure Products | |
Specialty Retail | |
Textiles, Apparel & Luxury Goods | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR5483
Vanguard Consumer Staples Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Coca-Cola (+32%), Walmart (+9%), and Target (+74%) contributed the most to the benchmark’s return. They accounted for about 24% of the index at the end of the reporting period and added about 5 percentage points to its result.
Procter & Gamble (–5%), Celsius Holdings (–50%), and BellRing Brands (–74%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
MSCI U.S. Investable Market Consumer Staples 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Beverages | |
|---|---|
Consumer Staples Distribution & Retail | |
Food Products | |
Household Products | |
Personal Care Products | |
Tobacco | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR955
Vanguard Consumer Staples Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Coca-Cola (+32%), Walmart (+9%), and Target (+74%) contributed the most to the benchmark’s return. They accounted for about 24% of the index at the end of the reporting period and added about 5 percentage points to its result.
Procter & Gamble (–5%), Celsius Holdings (–50%), and BellRing Brands (–74%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $100,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
MSCI U.S. Investable Market Consumer Staples 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Beverages | |
|---|---|
Consumer Staples Distribution & Retail | |
Food Products | |
Household Products | |
Personal Care Products | |
Tobacco | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR5484
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
ExxonMobil Holdings (+45%), Chevron (+33%), and Valero Energy (+141%) contributed most to the benchmark’s return. They accounted for about 40% of the index at the end of the reporting period and added about 20 percentage points to its result.
Sable Offshore (–82%), Civitas Resources (–23%), and NextDecade (–30%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
MSCI U.S. Investable Market Energy 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Coal & Consumable Fuels | |
|---|---|
Integrated Oil & Gas | |
Oil & Gas Drilling | |
Oil & Gas Equipment & Services | |
Oil & Gas Exploration & Production | |
Oil & Gas Refining & Marketing | |
Oil & Gas Storage & Transportation | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR951
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
ExxonMobil Holdings (+45%), Chevron (+33%), and Valero Energy (+141%) contributed most to the benchmark’s return. They accounted for about 40% of the index at the end of the reporting period and added about 20 percentage points to its result.
Sable Offshore (–82%), Civitas Resources (–23%), and NextDecade (–30%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $100,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
MSCI U.S. Investable Market Energy 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Coal & Consumable Fuels | |
|---|---|
Integrated Oil & Gas | |
Oil & Gas Drilling | |
Oil & Gas Equipment & Services | |
Oil & Gas Exploration & Production | |
Oil & Gas Refining & Marketing | |
Oil & Gas Storage & Transportation | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR5480
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy and persistent inflation fueled volatility, as did Middle East tensions that disrupted energy supplies and raised oil prices.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
JPMorgan Chase (+20%), Goldman Sachs Group (+40%), and Bank of America (+25%) contributed the most to the benchmark’s return. They accounted for about 18% of the index at the end of the reporting period and added about 4 percentage points to its result.
Fiserv (–61%), S&P Global (–16%), and Coinbase Global (–38%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
MSCI U.S. Investable Market Financials 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Banks | |
|---|---|
Capital Markets | |
Consumer Finance | |
Financial Services | |
Insurance | |
Mortgage Real Estate Investment Trusts (REITs) | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
During the reporting period, the Fund's shareholders approved a proposal to reclassify the diversification status of the Fund to nondiversified, as defined under the Investment Company Act of 1940, and to eliminate the Fund's related fundamental policy. The Fund added nondiversification risk as a principal investment risk.
This is a summary of certain changes to the Fund since
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR957
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy and persistent inflation fueled volatility, as did Middle East tensions that disrupted energy supplies and raised oil prices.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
JPMorgan Chase (+20%), Goldman Sachs Group (+40%), and Bank of America (+25%) contributed the most to the benchmark’s return. They accounted for about 18% of the index at the end of the reporting period and added about 4 percentage points to its result.
Fiserv (–61%), S&P Global (–16%), and Coinbase Global (–38%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $100,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
MSCI U.S. Investable Market Financials 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Banks | |
|---|---|
Capital Markets | |
Consumer Finance | |
Financial Services | |
Insurance | |
Mortgage Real Estate Investment Trusts (REITs) | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
During the reporting period, the Fund's shareholders approved a proposal to reclassify the diversification status of the Fund to nondiversified, as defined under the Investment Company Act of 1940, and to eliminate the Fund's related fundamental policy. The Fund added nondiversification risk as a principal investment risk.
This is a summary of certain changes to the Fund since
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR5486
Vanguard Health Care Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Eli Lilly (+59%), Johnson & Johnson (+53%), and Merck & Co. (+82%) contributed the most to the benchmark’s return. They accounted for about 27% of the index at the end of the reporting period and added about 13 percentage points to its result.
Boston Scientific (–54%), Abbott Laboratories (–15%), and Zoetis (–50%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
MSCI U.S. Investable Market Health Care 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Biotechnology | |
|---|---|
Health Care Equipment & Supplies | |
Health Care Providers & Services | |
Health Care Technology | |
Life Sciences Tools & Services | |
Pharmaceuticals | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
During the reporting period, the Fund's shareholders approved a proposal to reclassify the diversification status of the Fund to nondiversified, as defined under the Investment Company Act of 1940, and to eliminate the Fund's related fundamental policy. The Fund added nondiversification risk as a principal investment risk.
This is a summary of certain changes to the Fund since
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR956
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Eli Lilly (+59%), Johnson & Johnson (+53%), and Merck & Co. (+82%) contributed the most to the benchmark’s return. They accounted for about 27% of the index at the end of the reporting period and added about 13 percentage points to its result.
Boston Scientific (–54%), Abbott Laboratories (–15%), and Zoetis (–50%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $100,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
MSCI U.S. Investable Market Health Care 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Biotechnology | |
|---|---|
Health Care Equipment & Supplies | |
Health Care Providers & Services | |
Health Care Technology | |
Life Sciences Tools & Services | |
Pharmaceuticals | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
During the reporting period, the Fund's shareholders approved a proposal to reclassify the diversification status of the Fund to nondiversified, as defined under the Investment Company Act of 1940, and to eliminate the Fund's related fundamental policy. The Fund added nondiversification risk as a principal investment risk.
This is a summary of certain changes to the Fund since
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR5485
Vanguard Industrials Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Caterpillar (+92%), GE Vernova (+47%), and RTX (+33%) contributed the most to the benchmark’s return. They accounted for about 13% of the index at the end of the reporting period and added about 6 percentage points to its result.
Uber Technologies (–19%), Axon Enterprise (–24%), and Boeing (–11%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
MSCI U.S. Investable Market Industrials 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Aerospace & Defense | |
|---|---|
Air Freight & Logistics | |
Building Products | |
Commercial Services & Supplies | |
Construction & Engineering | |
Electrical Equipment | |
Ground Transportation | |
Industrial Conglomerates | |
Machinery | |
Marine Transportation | |
Passenger Airlines | |
Professional Services | |
Trading Companies & Distributors | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR953
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Caterpillar (+92%), GE Vernova (+47%), and RTX (+33%) contributed the most to the benchmark’s return. They accounted for about 13% of the index at the end of the reporting period and added about 6 percentage points to its result.
Uber Technologies (–19%), Axon Enterprise (–24%), and Boeing (–11%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $100,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
MSCI U.S. Investable Market Industrials 25/50 Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Aerospace & Defense | |
|---|---|
Air Freight & Logistics | |
Building Products | |
Commercial Services & Supplies | |
Construction & Engineering | |
Electrical Equipment | |
Ground Transportation | |
Industrial Conglomerates | |
Machinery | |
Marine Transportation | |
Passenger Airlines | |
Professional Services | |
Trading Companies & Distributors | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR5482
Vanguard Information Technology Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Apple (+37%), Micron Technology (+707%), and NVIDIA (+27%) contributed the most to the benchmark’s return. They accounted for about 38% of the index at the end of the reporting period and added about 15 percentage points to its result.
Microsoft (+1%), Oracle (–33%), and Intuit (–46%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
Information Technology Spliced Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Communications Equipment | |
|---|---|
Electronic Equipment, Instruments & Components | |
IT Services | |
Semiconductors & Semiconductor Equipment | |
Software | |
Technology Hardware, Storage & Peripherals | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR958
Vanguard Information Technology Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Apple (+37%), Micron Technology (+707%), and NVIDIA (+27%) contributed the most to the benchmark’s return. They accounted for about 38% of the index at the end of the reporting period and added about 15 percentage points to its result.
Microsoft (+1%), Oracle (–33%), and Intuit (–46%) detracted the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $100,000
Admiral Shares | |||
|---|---|---|---|
2016 | $ | $ | $ |
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
Information Technology Spliced Index | |||
MSCI US Investable Market 2500 Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Communications Equipment | |
|---|---|
Electronic Equipment, Instruments & Components | |
IT Services | |
Semiconductors & Semiconductor Equipment | |
Software | |
Technology Hardware, Storage & Peripherals | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR5487
Vanguard International Growth Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Investor Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund underperformed its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
From a geographic perspective, the Fund lagged its benchmark across all regions. North America, the Pacific region, and Europe detracted the most.
The Fund lagged its benchmark in five of 11 industry sectors. Stock selection in consumer discretionary, financials, and communication services detracted the most from relative performance. Selection in health care and industrials, as well as an overweight allocation to information technology, contributed the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ |
|---|---|---|
2016 | $ | $ |
2017 | $ | $ |
2017 | $ | $ |
2017 | $ | $ |
2017 | $ | $ |
2018 | $ | $ |
2018 | $ | $ |
2018 | $ | $ |
2018 | $ | $ |
2019 | $ | $ |
2019 | $ | $ |
2019 | $ | $ |
2019 | $ | $ |
2020 | $ | $ |
2020 | $ | $ |
2020 | $ | $ |
2020 | $ | $ |
2021 | $ | $ |
2021 | $ | $ |
2021 | $ | $ |
2021 | $ | $ |
2022 | $ | $ |
2022 | $ | $ |
2022 | $ | $ |
2022 | $ | $ |
2023 | $ | $ |
2023 | $ | $ |
2023 | $ | $ |
2023 | $ | $ |
2024 | $ | $ |
2024 | $ | $ |
2024 | $ | $ |
2024 | $ | $ |
2025 | $ | $ |
2025 | $ | $ |
2025 | $ | $ |
2025 | $ | $ |
2026 | $ | $ |
2026 | $ | $ |
2026 | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Investor Shares | |||
MSCI All Country World Index ex USA Net |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Asia | |
|---|---|
Europe | |
North America | |
Oceania | |
South America | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR81
Vanguard International Growth Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Admiral Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund underperformed its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
From a geographic perspective, the Fund lagged its benchmark across all regions. North America, the Pacific region, and Europe detracted the most.
The Fund lagged its benchmark in five of 11 industry sectors. Stock selection in consumer discretionary, financials, and communication services detracted the most from relative performance. Selection in health care and industrials, as well as an overweight allocation to information technology, contributed the most.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $50,000
Admiral Shares | ||
|---|---|---|
2016 | $ | $ |
2016 | $ | $ |
2017 | $ | $ |
2017 | $ | $ |
2017 | $ | $ |
2017 | $ | $ |
2018 | $ | $ |
2018 | $ | $ |
2018 | $ | $ |
2018 | $ | $ |
2019 | $ | $ |
2019 | $ | $ |
2019 | $ | $ |
2019 | $ | $ |
2020 | $ | $ |
2020 | $ | $ |
2020 | $ | $ |
2020 | $ | $ |
2021 | $ | $ |
2021 | $ | $ |
2021 | $ | $ |
2021 | $ | $ |
2022 | $ | $ |
2022 | $ | $ |
2022 | $ | $ |
2022 | $ | $ |
2023 | $ | $ |
2023 | $ | $ |
2023 | $ | $ |
2023 | $ | $ |
2024 | $ | $ |
2024 | $ | $ |
2024 | $ | $ |
2024 | $ | $ |
2025 | $ | $ |
2025 | $ | $ |
2025 | $ | $ |
2025 | $ | $ |
2026 | $ | $ |
2026 | $ | $ |
2026 | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Admiral Shares | |||
MSCI All Country World Index ex USA Net |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Asia | |
|---|---|
Europe | |
North America | |
Oceania | |
South America | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR581
Vanguard Morningstar Mega Cap Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Each of the benchmark’s 11 industry sectors posted positive returns for the 12 months. Technology, health care, and industrials contributed the most to the benchmark’s return.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
Morningstar US Mega Cap Index | |||
Dow Jones U.S. Total Stock Market Float Adjusted Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Basic Materials | |
|---|---|
Consumer Discretionary | |
Consumer Staples | |
Energy | |
Financials | |
Health Care | |
Industrials | |
Real Estate | |
Technology | |
Telecommunications | |
Utilities | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
During the reporting period, the expense ratio for the ETF Share class of the Fund was reduced.
The Fund's name changed from Vanguard Mega Cap Index Fund to Vanguard Morningstar Mega Cap Index Fund.
This is a summary of certain changes to the Fund since
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR3137
Vanguard Morningstar Mega Cap Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Institutional Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
Each of the benchmark’s 11 industry sectors posted positive returns for the 12 months. Technology, health care, and industrials contributed the most to the benchmark’s return.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $5,000,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Institutional Shares | |||
Morningstar US Mega Cap Index | |||
Dow Jones U.S. Total Stock Market Float Adjusted Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Basic Materials | |
|---|---|
Consumer Discretionary | |
Consumer Staples | |
Energy | |
Financials | |
Health Care | |
Industrials | |
Real Estate | |
Technology | |
Telecommunications | |
Utilities | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
During the reporting period, the expense ratio for the Institutional Share class of the Fund was reduced.
The Fund's name changed from Vanguard Mega Cap Index Fund to Vanguard Morningstar Mega Cap Index Fund.
This is a summary of certain changes to the Fund since
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Institutional Investor Services • 800-523-1036
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR828
Vanguard Morningstar Mega Cap Value Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
The Fund’s benchmark outperformed its growth counterpart.
Of the benchmark’s 11 industry sectors, 10 recorded positive returns for the 12 months. Technology, health care, and financials contributed the most to the benchmark’s return. Consumer discretionary was the only sector that posted a negative return.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $10,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
ETF Shares Net Asset Value | |||
ETF Shares Market Price | |||
Morningstar US Mega Cap Value Index | |||
Dow Jones U.S. Total Stock Market Float Adjusted Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Basic Materials | |
|---|---|
Consumer Discretionary | |
Consumer Staples | |
Energy | |
Financials | |
Health Care | |
Industrials | |
Real Estate | |
Technology | |
Telecommunications | |
Utilities | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
During the reporting period, the expense ratio for the ETF Share class of the Fund was reduced.
The Fund's name changed from Vanguard Mega Cap Value Index Fund to Vanguard Morningstar Mega Cap Value Index Fund.
This is a summary of certain changes to the Fund since
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR3139
Vanguard Morningstar Mega Cap Value Index Fund
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Institutional Shares | $ |
How did the Fund perform during the reporting period?
For the 12 months ended August 31, 2026, the Fund performed roughly in line with its benchmark.
Global equities posted strong returns, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy, persistent inflation, and Middle East tensions that disrupted energy supplies and raised oil prices fueled volatility.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
The Fund’s benchmark outperformed its growth counterpart.
Of the benchmark’s 11 industry sectors, 10 recorded positive returns for the 12 months. Technology, health care, and financials contributed the most to the benchmark’s return. Consumer discretionary was the only sector that posted a negative return.
How did the Fund perform over the past 10 years?
Cumulative Performance: August 31, 2016, Through August 31, 2026
Initial Investment of $5,000,000
2016 | $ | $ | $ |
|---|---|---|---|
2016 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2017 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2018 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2019 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2020 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2021 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2022 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2023 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2024 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2025 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
2026 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
|---|---|---|---|
Institutional Shares | |||
Morningstar US Mega Cap Value Index | |||
Dow Jones U.S. Total Stock Market Float Adjusted Index |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Basic Materials | |
|---|---|
Consumer Discretionary | |
Consumer Staples | |
Energy | |
Financials | |
Health Care | |
Industrials | |
Real Estate | |
Technology | |
Telecommunications | |
Utilities | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
During the reporting period, the expense ratio for the Institutional Share class of the Fund was reduced.
The Fund's name changed from Vanguard Mega Cap Value Index Fund to Vanguard Morningstar Mega Cap Value Index Fund.
This is a summary of certain changes to the Fund since
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Institutional Investor Services • 800-523-1036
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
AR839
Vanguard Developed Markets ex-US Growth Index ETF
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last period?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
| Footnote | Description |
Footnote1 | |
Footnote2 |
How did the Fund perform during the reporting period?
From its inception on April 14, 2026, through August 31, 2026, the ETF underperformed its benchmark, largely because of fair-value pricing.
Global equities posted strong returns for the 12 months ended August 31, 2026, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy and persistent inflation fueled volatility, as did Middle East tensions that disrupted energy supplies and raised oil prices.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
For the benchmark, seven of the 11 sectors posted positive returns. Strong performance from the two sectors with the heaviest weights—information technology and financials—contributed most to the benchmark's return.
By region, the Pacific, the second largest region by weight, contributed the most to the benchmark’s performance. Europe, the largest region, also contributed positively.
How did the Fund perform since inception?
Cumulative Performance: April 14, 2026, Through August 31, 2026
Initial Investment of $10,000
4/14/26 | $ | $ | $ |
|---|---|---|---|
2026 | $ | $ | $ |
Average Annual Total Returns
Since Inception | |
|---|---|
ETF Shares Net Asset Value | |
ETF Shares Market Price | |
S&P Developed Ex-U.S. LargeMidCap Growth (USD) NTR | |
MSCI All Country World Index ex USA Net |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Asia | |
|---|---|
Europe | |
North America | |
Oceania | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
ARV071
Vanguard Developed Markets ex-US Value Index ETF
Annual Shareholder Report | August 31, 2026
What were the Fund costs for the last period?
(based on a hypothetical $10,000 investment)
Share Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
ETF Shares | $ |
| Footnote | Description |
Footnote1 | |
Footnote2 |
How did the Fund perform during the reporting period?
From its inception on April 14, 2026, through August 31, 2026, the ETF underperformed its benchmark, largely because of fair-value pricing.
Global equities posted strong returns for the 12 months ended August 31, 2026, while global bonds struggled. Resilient growth and corporate earnings supported stocks, though shifting U.S. trade policy and persistent inflation fueled volatility, as did Middle East tensions that disrupted energy supplies and raised oil prices.
Some central banks, including those in the United States and the United Kingdom, lowered rates. However, developed-market government bond yields generally rose amid concerns about borrowing, inflation, and monetary policy.
For the benchmark, eight of 11 sectors posted positive returns. Financials, the largest sector by weight in the index, contributed the most to returns, followed by top-performing information technology.
By region, the Pacific, the second largest region by weight, contributed the most to the benchmark’s performance. Europe, the largest region by weight in the index, also contributed positively.
How did the Fund perform since inception?
Cumulative Performance: April 14, 2026, Through August 31, 2026
Initial Investment of $10,000
4/14/26 | $ | $ | $ |
|---|---|---|---|
2026 | $ | $ | $ |
Average Annual Total Returns
Since Inception | |
|---|---|
ETF Shares Net Asset Value | |
ETF Shares Market Price | |
S&P Developed Ex-U.S. LargeMidCap Value (USD) NTR | |
MSCI All Country World Index ex USA Net |
Fund Statistics (as of August 31, 2026)
Fund Net Assets (in millions) | $ |
|---|---|
Number of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Investment Advisory Fees (in thousands) | $ |
Portfolio Composition % of Net Assets (as of August 31, 2026)
Asia | |
|---|---|
Europe | |
North America | |
Oceania | |
Other Assets and Liabilities—Net |
This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.
Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at
Connect with Vanguard® • vanguard.com
Fund Information •
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing •
800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
ARV070
