Investment objective & strategy
As of Dec. 19, 2025 · prospectusObjective. Vanguard Industrials ETF, an exchange-traded share class of Vanguard Industrials Index Fund (the Fund), seeks to track the performance of a benchmark index that measures the investment return of industrial stocks.
Strategy. The Fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Industrials 25/50 (the Target Index), an index made up of stocks of large, mid-size, and small U.S. companies within the industrials sector, as classified under the Global Industry Classification Standard (GICS). The GICS industrials sector is made up of companies that manufacture and distribute capital goods such as aerospace and defense, building products, electrical equipment and machinery and companies that offer construction and engineering services. It also includes providers of commercial and professional services including printing, environmental and facilities services, office services and supplies, security and alarm services, human resource and employment services, and research and consulting services. It also includes … The Fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Industrials 25/50 (the Target Index), an index made up of stocks of large, mid-size, and small U.S. companies within the industrials sector, as classified under the Global Industry Classification Standard (GICS). The GICS industrials sector is made up of companies that manufacture and distribute capital goods such as aerospace and defense, building products, electrical equipment and machinery and companies that offer construction and engineering services. It also includes providers of commercial and professional services including printing, environmental and facilities services, office services and supplies, security and alarm services, human resource and employment services, and research and consulting services. It also includes companies that provide transportation services. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index. The Fund attempts to replicate the Target Index by investing all, or substantially all, of its assets in the stocks that make up the Target Index, holding each stock in approximately the same proportion as its weighting in the Target Index.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| GENERAL ELECTRIC CO | — | $415.61M | 5.11% |
| CATERPILLAR INC | — | $398.49M | 4.90% |
| RTX CORP | — | $310.56M | 3.82% |
| GE VERNOVA LLC | — | $272.33M | 3.35% |
| BOEING CO/THE | — | $203.00M | 2.50% |
| DEERE & CO | — | $185.18M | 2.28% |
| HONEYWELL INTL INC | — | $177.10M | 2.18% |
| UBER TECHNOLOGIES INC | — | $171.11M | 2.10% |
| EATON CORP PLC | — | $167.59M | 2.06% |
| LOCKHEED MARTIN CORP | — | $158.34M | 1.95% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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. |
|---|---|---|
| Fidelity MSCI Industrials Index ETF · FIDU | 87% | 0.08% |
| JNL/Mellon Industrials Sector Fund | 82% | 0.31% |
| PROFUND VP INDUSTRIALS | 78% | 1.68% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
Footnotes
- Expense ratio as of December 19, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 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).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.