- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Vanguard Health Care DE United States of America
- IPO Date
- Feb 7, 2019
- Business
- Vanguard FTSE Social Index Fund Admiral Shares (VFTAX) is an open-end mutual fund that employs an indexing investment approach designed to track the performance of the FTSE US Choice Index, a benchmark composed of large- and mid-capitalization U.S. stocks screened for specific environmental, social, and corporate governance (ESG) criteria. The fund invests all or substantially all of its assets in the common stocks included in the index, holding each stock in approximately the same proportion as its weighting in the index; its sector allocation as of September 30, 2025, emphasizes technology (47.7%), consumer discretionary (16.3%), financials (9.9%), and health care (9.1%), with top holdings including NVIDIA Corp., Microsoft Corp., Apple Inc., Alphabet Inc., and Amazon.com Inc., which collectively represent 46.7% of total net assets. Exclusions from the index encompass companies involved in or deriving significant revenue from activities such as adult entertainment, alcohol, tobacco, cannabis, gambling, weapons, nuclear power, non-renewable energy sources including coal, oil, and gas, as well as those failing labor, human rights, environmental, anti-corruption standards or certain board diversity criteria.
Incepted on February 7, 2019, the Admiral Shares class maintains a low expense ratio of 0.13% and a turnover rate of 7.4%, with total net assets reaching $12.4 billion as of early 2025; it is domiciled in the United States and managed by The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania. The fund targets investors seeking exposure to U.S. equity markets through an ESG-screened lens within the large-blend Morningstar category, offering quarterly distributions and demonstrating strong historical performance, including a 25.98% annualized five-year return through September 30, 2025.
Notable recent developments include the renaming of the underlying benchmark from FTSE4Good US Select Index to FTSE US Choice Index effective February 5, 2024, alongside ongoing refinements to ESG screening methodologies by FTSE Russell to enhance exclusions for controversies, diversity shortcomings, and non-renewable energy involvement as of October 31, 2025. The fund has sustained robust asset growth amid heightened demand for ESG strategies, reaching approximately $23.8 billion in net assets for the broader share class by mid-2025, while Vanguard as a firm navigated broader operational shifts such as the April 2024 divestiture of its Individual 401(k), Multi-SEP, and SIMPLE IRA plans business to Ascensus. No specific partnerships, acquisitions, or new product launches directly pertain to VFTAX in the past 1-2 years, though Vanguard expanded its active ESG-related offerings with three new active equity ETFs in November 2025.