Vanguard Balanced Index Fund
VBINX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- P O Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Sep 28, 1992
- CIK
- 0000889519
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Balanced Index Fund (VBINX) is an open-end mutual fund that provides a passively managed balanced portfolio with approximately 60% allocated to U.S. equities tracking the CRSP US Total Market Index and 40% to investment-grade U.S. bonds tracking the Bloomberg U.S. Aggregate Float Adjusted Index; it seeks capital appreciation, current income, and long-term growth of income through index sampling techniques that minimize tracking error and expenses. The equity portion offers broad exposure to approximately 3,128 large-, mid-, and small-capitalization stocks across sectors such as technology (38.0%), financials (11.3%), industrials (12.2%), and consumer discretionary (14.3%), with top holdings including NVIDIA Corp. (6.7%), Microsoft Corp. (6.0%), and Apple Inc. (5.9%) as of September 30, 2025; the fixed-income sleeve invests in U.S. Treasury and agency securities (49.1%), government mortgage-backed securities (19.6%), investment-grade corporate bonds, and asset-backed securities, maintaining an average effective duration of 5.8 years and high credit quality predominantly in U.S. Government (69.2%) and Aaa/Aa-rated issues. Investor Shares (VBINX), launched November 9, 1992, carry a net expense ratio of 0.18%, with Admiral Shares (VBIAX, expense ratio 0.07%) and Institutional Shares (VBAIX, expense ratio 0.06%) available to qualifying investors; as of September 30, 2025, total net assets stood at $60.99 billion, with Investor Shares comprising $179 million. The fund operates within the moderate allocation category, targeting long-term investors seeking diversified U.S.-only exposure without international securities or below-investment-grade bonds, and is available primarily to U.S. investors through brokerage platforms and retirement accounts. Managed by The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania and founded in 1975, the fund benefits from Vanguard's Equity Index Group (led by principal Rodney Comegys) for the stock sleeve and Fixed Income Group (led by principal Sara Devereux) for bonds; key portfolio managers include Michael R. Roach and Aurelie Denis (equity, since 2023), and Joshua C. Barrickman (since 2013) and Tara Talone (since 2022) for fixed income. Recent developments include a July 2025 restructuring at Vanguard that prompted equity manager Gerald O’Reilly to step off the fund to focus on broader equity index strategies, with no impact on performance due to the team-based approach; in early 2025, Vanguard implemented its largest fee reductions across funds, enhancing cost competitiveness; the firm announced advisory changes for other funds like Vanguard Windsor II in December 2025 and added three new funds to its Investor Choice program for 2026; additionally, Morningstar's announced acquisition of the Center for Research in Security Prices (CRSP) in September 2025, which supplies the fund's equity benchmark, is pending regulatory approval and expected to close in Q4 2025.