Vanguard Financials Index Fund Admiral Shares
VFAIX
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
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Feb 2, 2004
- CIK
- 0000052848
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Financials Index Fund (VFAIX) is an index mutual fund that employs a passive investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Financials 25/50, comprising large-, mid-, and small-cap U.S. companies in the financials sector as defined by the Global Industry Classification Standard (GICS). The fund invests substantially all of its assets in the common stocks included in the benchmark index, holding each stock in proportions approximating their index weightings; top holdings include JPMorgan Chase & Co. (approximately 9%), Berkshire Hathaway Inc. (Class B, approximately 8%), Mastercard Inc., Visa Inc., Bank of America Corp., Wells Fargo & Co., and others representing over 40% of assets. It offers admiral shares with a low expense ratio of 0.10%, quarterly dividend distributions (most recent ex-dividend date June 26, 2025), a turnover rate of around 5%, and serves institutional and high-minimum investors targeting financial sector exposure with a minimum initial investment of $100,000. Established on February 4, 2004, and managed by Vanguard Group, headquartered in Malvern, Pennsylvania, the fund operates exclusively within the United States, focusing on domestic financial services firms across banking, insurance, diversified financials, consumer finance, capital markets, and mortgage real estate investment trusts. Net assets stand at approximately $14.4 billion as of late 2025, with a portfolio of around 419 holdings and a beta of 1.10 relative to broader markets. In recent developments, Vanguard expanded its Investor Choice program in October 2025, announcing the addition of three new funds—including the flagship 500 Index Fund—for 2026 eligibility, which triples eligible assets to over $3 trillion and doubles participating investors to 20 million, though VFAIX itself was not newly added; this initiative enhances proxy voting options for index fund shareholders. Manager changes include Kenny Narzikul assuming lead responsibilities on February 17, 2023, with Jena Stenger joining on February 18, 2025. The fund maintained stable operations amid Vanguard's broader 2025 strategic moves, such as economic outlook updates and partnerships in multi-asset strategies, while delivering a one-year return of approximately 28.5% through mid-2025.