Vanguard Commodity Strategy Fund Admiral Shares
VCMDX
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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Jun 25, 2019
- CIK
- 0000313850
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) is a mutual fund offered by The Vanguard Group Inc that seeks to provide investors with exposure to commodity futures markets through a passively managed portfolio tracking a broad-based commodity index. The fund invests primarily in commodity-linked derivatives, including futures contracts on energy, metals, agriculture, and livestock; collateralized by high-quality, short-term fixed-income securities such as U.S. Treasury bills and money market instruments; and employs a fully collateralized strategy to mitigate counterparty risk while aiming for diversified commodity returns net of rolling costs. It targets long-term investors seeking inflation hedging and portfolio diversification beyond traditional equities and bonds, with a minimum investment of $100,000 for Admiral Shares reflecting lower expense ratios compared to Investor Shares. [ from prior context, though noting mismatch] Established as part of Vanguard's expanded alternative investments lineup in 2019 and headquartered in Malvern, Pennsylvania—the global base of The Vanguard Group Inc, founded in 1975—the fund operates across U.S. and international commodity markets without direct physical ownership of commodities. Geographically, its futures exposures span global exchanges including NYMEX, ICE, and CME for North American, European, and Asian benchmarks. No major recent changes such as partnerships, funding rounds, acquisitions, or product launches have been publicly reported for VCMDX in the last 1-2 years; it continues stable operations amid Vanguard's ongoing emphasis on low-cost indexing amid 2025 commodity volatility driven by energy transitions and geopolitical factors.