Investment objective & strategy
As of May 29, 2025 · prospectusObjective. The Fund seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that have a record of increasing dividends over time.
Strategy. The Fund employs an indexing investment approach designed to track the performance of the S&P U.S. Dividend Growers Index (the Index), which consists of common stocks of companies that have a record of increasing dividends over time. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index. The Fund may become nondiversified, as defined under the Investment Company Act of 1940, solely as a result of an index rebalance or market movement. The Fund employs an indexing investment approach designed to track the performance of the S&P U.S. Dividend Growers Index (the Index), which consists of common stocks of companies that have a record of increasing dividends over time. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index. The Fund may become nondiversified, as defined under the Investment Company Act of 1940, solely as a result of an index rebalance or market movement.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BROADCOM INC | — | $7.62B | 6.27% |
| APPLE INC | — | $4.74B | 3.89% |
| MICROSOFT CORP | — | $4.69B | 3.86% |
| LILLY ELI and CO | — | $4.52B | 3.72% |
| JPMORGAN CHASE and CO | — | $4.43B | 3.64% |
| EXXON MOBIL CORP | — | $3.31B | 2.72% |
| JOHNSON&JOHNSON | — | $3.01B | 2.47% |
| WALMART INC | — | $2.87B | 2.36% |
| VISA INC-CLASS A | — | $2.78B | 2.29% |
| MASTERCARD INC CL A | — | $2.44B | 2.01% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How 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.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Invesco Dividend AchieversTM ETF · PFM | 85% | 0.52% |
| Strive 1000 Dividend Growth ETF · STXD | 66% | 0.35% |
| iShares Core Dividend Growth ETF · DGRO | 64% | 0.08% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
Footnotes
- Expense ratio as of February 2, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- 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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