VDIGX
VANGUARD DIVIDEND GROWTH FUND
VANGUARD SPECIALIZED FUNDS
Expense ratio1
0.22%
Net assets2
$40.37B
Holdings2
54
Category
US Equity
2025 return3
8.30%

Investment objective & strategy

As of May 29, 2025 · prospectus

Objective. The Fund seeks to provide, primarily, a growing stream of income over time and, secondarily, long-term capital appreciation and current income.

Strategy. The Fund invests primarily in stocks that tend to offer current dividends. The Fund focuses on high-quality companies that have prospects for long-term total returns as a result of their ability to grow earnings and their willingness to increase dividends over time. These stocks typicallybut not alwayswill be large-cap, will be undervalued relative to the market, and will show potential for increasing dividends. The Fund seeks to be diversified across industry sectors. The Fund invests primarily in stocks that tend to offer current dividends. The Fund focuses on high-quality companies that have prospects for long-term total returns as a result of their ability to grow earnings and their willingness to increase dividends over time. These stocks typicallybut not alwayswill be large-cap, will be undervalued relative to the market, and will show potential for increasing dividends. The Fund seeks to be diversified across industry sectors.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
BROADCOM INC $2.01B 4.97%
MICROSOFT CORP $1.90B 4.71%
LILLY ELI and CO $1.72B 4.26%
MASTERCARD INC CL A $1.44B 3.58%
TEXAS INSTRUMENTS INC $1.36B 3.37%
NORTHROP GRUMMAN CORP $1.32B 3.26%
APPLE INC $1.31B 3.25%
VISA INC-CLASS A $1.24B 3.08%
HOME DEPOT INC $1.14B 2.81%
LINDE PLC $1.07B 2.65%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
3
Exited
4
Increased
12
Decreased
38
Unchanged
1

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of January 31, 2025 · N-CEN
FirmRole
Wellington Management Company LLP Adviser

Footnotes

  1. Expense ratio as of May 29, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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