Vanguard Materials Index Fund Admiral Shares
VMIAX
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
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Feb 2, 2004
- CIK
- 0000052848
- Website
- vanguard.com
- Similar Companies
- Business
- Vanguard Materials Index Fund Admiral Shares (VMIAX) is a mutual fund offered by The Vanguard Group Inc. that seeks to track the performance of the MSCI US Investable Market Index (IMI)/Materials 25/50. The fund provides investors with broad exposure to the U.S. materials sector through a passively managed portfolio of common stocks issued by companies principally engaged in the production of materials such as chemicals; metals and mining; paper and forest products; containers and packaging; construction materials; and building products; it employs an indexing investment approach designed to minimize tracking error by holding all or substantially all of the stocks in the benchmark index in approximately the same proportion as their weighting, with securities selected primarily based on market capitalization and liquidity criteria. VMIAX offers share classes with varying minimum investments, including Admiral Shares for long-term investors requiring a $100,000 minimum initial investment, and features low expense ratios characteristic of Vanguard's cost-efficient structure, targeting individual investors, financial advisors, and institutional clients seeking sector-specific diversification within equity allocations. The Vanguard Group, founded in 1975 and headquartered in Malvern, Pennsylvania, operates globally with major offices in the United States, Europe, Asia-Pacific, and Canada, serving over 50 million investors through a wide array of mutual funds, ETFs, and other investment products; VMIAX falls under Vanguard's specialized sector index fund lineup, which collectively manages trillions in assets as part of the firm's client-owned mutual structure emphasizing low-cost, transparent investing. Recent developments include Vanguard's ongoing expansion of its ETF offerings with the launch of several new sector-specific and thematic funds in 2024-2025, alongside strategic enhancements to its materials sector exposure amid rising demand for commodities driven by infrastructure and green energy transitions; in late 2024, Vanguard announced adjustments to index methodologies across multiple funds, including minor rebalancing in VMIAX to better align with updated MSCI criteria for investable market representation, and in 2025, the firm deepened partnerships with index providers to incorporate ESG screening options as overlays for funds like VMIAX without altering core tracking objectives. No significant acquisitions, name changes, or reorganizations have affected VMIAX directly in the past two years, though Vanguard continued its pattern of operational efficiencies, such as digital platform upgrades for admiral share class investors and increased focus on active-passive hybrid strategies in related materials-themed products.