Vanguard Communication Services Index Fund (VOX) is an exchange-traded fund that employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Communication Services 25/50, comprising stocks of large-, mid-, and small-cap U.S. companies in the communication services sector as defined by the Global Industry Classification Standard (GICS); the fund invests all or substantially all of its assets in the index's component stocks, holding each in proportions approximating their index weightings. Top holdings typically include leading firms such as Meta Platforms Inc., Alphabet Inc., Netflix Inc., AT&T Inc., and Verizon Communications Inc., providing exposure to diversified media, entertainment, interactive services, and telecommunications subsectors. Launched on September 23, 2004, the fund is managed by The Vanguard Group, Inc. and is domiciled in the United States with headquarters in Malvern, Pennsylvania.
The fund maintains a low expense ratio of 0.09%, with recent net inflows reflecting strong investor interest, including approximately $399 million over the past year and notable single-day inflows such as $277.5 million, contributing to total assets under management exceeding $5.5 billion. In a landmark development effective February 1, 2025, Vanguard implemented its largest fee reduction in history across 168 share classes of 87 funds, including ETFs like VOX, lowering expense ratios by 0.01% to 0.06% and delivering estimated annual savings of over $350 million to investors.
VOX targets institutional and retail investors seeking sector-specific equity exposure within the U.S. market, with substantially all holdings concentrated in domestic communication services companies and minor allocations to international names; it trades on the NYSE Arca exchange and pays quarterly dividends, recently declaring $0.6239 per share.