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Sunday, August 23, 2026The Morning Brief →Sign in

Vanguard Dividend Appreciation Index Fund

$243.91+0.69% today
21024752-WK

The adviser employs an indexing investment approach designed to track the performance of the index, which consists of common stocks of companies that have a record of increasing dividends over time. The adviser attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Price & daily flows
238.7228.2217.7243.91DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +10.6% so far this year. At 0.060% a year it is not the cheapest way in — IVV runs the same ground at 0.03%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$84.8Bassets under management
0.060%expense ratio · $6 per $10,000 a year
net flow, trailing month
946Kavg daily volume, 30 days
340holdings · US-domiciled
2006listed April 20, 2006 · beta 0.65
The book at a glance
MSFT+0.4%AAPL-0.6%AVGO+1.2%LLY+0.9%JPM+0.0%XOM-0.6%JNJ+1.1%V+1.5%MA+1.2%ABBV+1.2%WMT-0.1%CSCO+1.3%COST+1.5%BAC-0.3%LRCX+1.1%CAT+1.5%MRK+2.4%UNH+1.4%KO+0.7%PG+1.2%HD+0.3%GS+3.7%MS+3.3%ORCL+3.1%TXN-0.5%KLAC-1.0%AMGN+1.3%LIN+1.3%IBM+0.9%ABT+2.2%PEP+1.0%APH+2.5%MCD+0.7%UNP+1.3%ADI+0.8%NEE-1.6%QCOMBLK

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1MSFTMICROSOFT4.34%$483.24+0.4%
2AAPLAPPLE4.45%$309.35-0.6%
3AVGOBROADCOM4.63%$368.45+1.2%
4LLYELI LILLY3.93%$1255.40+0.9%
5JPMJPMORGAN CHASE4.07%$351.58+0.0%
6XOMEXXON MOBIL2.78%$165.11-0.6%
7JNJJOHNSON & JOHNSON2.67%$270.24+1.1%
8VVISA2.45%$371.04+1.5%
9MAMASTERCARD2.00%$580.63+1.2%
10ABBVABBVIE1.92%$264.96+1.2%
11WMTWALMART2.11%$103.70-0.1%
12CSCOCISCO SYSTEMS1.98%$111.04+1.3%
13COSTCOSTCO WHOLESALE1.83%$947.74+1.5%
14BACBANK OF AMERICA1.75%$61.69-0.3%
15LRCXLAM RESEARCH1.58%$314.00+1.1%

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Sector weights
Information Technology24.57%
Technology24.26%
Financial Services20.4%
Financials19.67%
Consumer Discretionary17.77%
Healthcare16.12%
Electronic Technology15.74%
Finance12.4%
Technology Services12.39%
Consumer Defensive11.69%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States99.32%
Ireland3.26%
United Kingdom1.38%
Other1.37%
Switzerland0.6%
Bermuda0.13%
Canada0.08%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.6%
1 month+2.8%
3 months+4.6%
6 months+7.0%
YTD+10.6%
1 year+15.4%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JulSepOct
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
10%realized volatility, 30 days (annualized)
10%realized volatility, 1 year
-8.3%deepest fall from a peak, 1 year
-1.1%where it sits vs. that peak today

The top holding is 4.6% of the book; the top ten carry 33%. Spread across 250+ names, it behaves like roughly 56 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
128calls today
64puts today
0.50put/call ratio
763Kshares traded
Most-traded holdings, options premiumBullishBearish
AAPL APPLE$127M$146M
MSFT MICROSOFT$89M$93M
AVGO BROADCOM$91M$75M
LLY ELI LILLY$65M$59M
ORCL ORACLE$63M$55M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against VIG

Due diligence cuts both ways. These funds sit on the same shelf and beat VIG on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
DIVB iShares U.S. Dividend and Buyback ETF0.05%$1.9B+$136M-1bp on fee · +$136M in over the monthHead-to-head
HDV iShares Core High Dividend ETF0.08%$15.1B+$209M+$209M in over the monthHead-to-head
JEPQ JPMorgan Nasdaq Equity Premium Income ETF0.35%$41.9B+$1.1B+$1.1B in over the monthHead-to-head
IBHG iShares iBonds 2027 Term High Yield and Income ETF0.35%$517M+$19M+$19M in over the monthHead-to-head
IBHI iShares iBonds 2029 Term High Yield and Income ETF0.35%$503M+$13M+$13M in over the monthHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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