Vanguard Energy Fund Investor Shares
VGENX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- May 23, 1984
- CIK
- 0000734383
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Energy Fund (VGENX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in the equity securities of companies engaged in the global energy industry, including exploration, production, and transmission of energy or energy fuels; the making and servicing of component products for such activities; energy research; energy conservation; and pollution control. The fund normally invests at least 80% of its assets in such common stocks, maintaining a non-diversified portfolio with significant exposure to both traditional energy firms (such as Exxon Mobil Corp., Shell PLC, Chevron Corp., and Marathon Petroleum Corp.) and utilities (including Engie SA, Sempra, Southern Co., and Duke Energy Corp.), alongside select renewables like First Solar; as of late 2025, its top 10 holdings represent approximately 46.5% of assets, with energy comprising 54%, utilities 44%, and a small cash position. It features investor shares (VGENX) with a minimum initial investment of USD 3,000, an adjusted expense ratio of 0.45%, a 36% turnover rate, and a TTM yield of 2.88%, alongside admiral shares (VGELX) for qualified investors. Launched on May 23, 1984, by The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania, the fund operates within the equity energy category (large-value style) and serves U.S. investors through daily pricing and no-load share classes. Subadvised by Wellington Management since inception through a longstanding relationship, it holds total net assets of approximately USD 6.1 billion as of December 2025, with geographic diversification including 62% U.S. stocks and 37% non-U.S. stocks across regions such as the Eurozone, United Kingdom, and emerging Asia. In late 2020, Vanguard updated the fund's prospectus benchmark from the MSCI ACWI Energy Index to a custom MSCI ACWI Energy + Utilities Index with dynamic sector weightings, enabling a strategic shift to a hybrid energy-utilities portfolio that increased utilities exposure from around 7% to 48% by year-end, positioning it to benefit from the transition toward renewable energy sources while retaining core fossil fuel investments. G. Thomas Levering assumed lead portfolio management on January 16, 2020, bringing extensive experience as a utilities consultant and Wellington energy/utilities analyst; under his free-cash-flow yield-oriented process—emphasizing strong management, quality balance sheets, scenario analysis, and valuation discipline—the fund has since delivered superior annualized returns of 18.4% from early 2021 through October 2025 versus 13.1% for its benchmark. As part of Vanguard's ongoing evolution, the firm implemented its largest fee cuts in early 2025 and expanded low-cost offerings amid robust asset inflows, though no fund-specific acquisitions, partnerships, or new share class launches have been announced in the past 1-2 years.