Vanguard Utilities Index Fund Admiral Shares
VUIAX
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
- vanguard.com
- Similar Companies
- Business
- Vanguard Utilities Index Fund Admiral Shares (VUIAX) is a sector-specific index mutual fund managed by The Vanguard Group, Inc., employing a passive investment approach designed to track the performance of the MSCI US Investable Market Utilities 25/50 Index, comprising stocks of large-, mid-, and small-cap U.S. companies in the utilities sector as classified under the Global Industry Classification Standard (GICS); the fund invests all or substantially all of its assets in the index's constituent stocks or holds a representative sample approximating key characteristics such as price/earnings ratio, earnings growth, and dividend yield. Core holdings are concentrated in electric utilities (60.9%), multi-utilities (24.4%), independent power producers and energy traders (6.1%), gas utilities (4.5%), water utilities (3.4%), and renewable electricity (0.7%), with the top ten positions—including NextEra Energy Inc., Constellation Energy Corp., Southern Co., Duke Energy Corp., and Vistra Corp.—representing 53.2% of total net assets as of June 30, 2025; the fund targets institutional and high-minimum investors with a $100,000 minimum investment, features a low net expense ratio of 0.09%, a portfolio turnover rate of 5.2%, and total net assets of approximately $1.785 billion as of February 3, 2025. Launched on April 28, 2004, and headquartered in Malvern, Pennsylvania, the fund operates exclusively within U.S. markets, serving investors seeking exposure to utilities companies involved in electricity, gas, water distribution, and independent power production, including both nuclear and nonnuclear facilities. In June 2025, the fund underwent a significant operational change with the removal of Walter Nejman as portfolio manager, reflecting Vanguard's broader portfolio management realignments across multiple index funds to maintain tracking efficiency amid sector-specific volatility; additionally, Vanguard implemented enhancements to its proxy voting processes, including a pilot program expanded in May 2025 allowing certain fund shareholders to direct pro-rata votes via five policy options—such as company board-aligned, Egan-Jones Wealth-Focused, Glass Lewis ESG, mirror voting, and Vanguard's standard policy—for portfolio company meetings, with the utilities fund included in applicable pilots ending late 2025; leadership transitions at Vanguard, including Natalie Lamarque's appointment as Chief Legal Officer and Secretary effective September 30, 2025, and earlier changes like John Bendl as Finance Director in July 2025, support ongoing fund oversight and compliance.