Investment objective & strategy
As of April 29, 2025 · prospectusObjective. The Fund seeks to provide a tax-efficient return consisting of long-term capital appreciation while tracking the performance of a benchmark index that measures the investment return of large- and mid-capitalization stocks.
Strategy. The Fund purchases stocks that are included in the Russell 1000 Index (the Index)an index that is made up of the stocks of large- and mid-capitalization U.S. companies. The Fund uses statistical methods to sample the Index, aiming to ensure capital gains and income tax efficiency while approximating other characteristics and the performance of the Index. The Fund purchases stocks that are included in the Russell 1000 Index (the Index)an index that is made up of the stocks of large- and mid-capitalization U.S. companies. The Fund uses statistical methods to sample the Index, aiming to ensure capital gains and income tax efficiency while approximating other characteristics and the performance of the Index.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $1.77B | 6.80% |
| APPLE INC | — | $1.59B | 6.13% |
| MICROSOFT CORP | — | $1.19B | 4.57% |
| AMAZON.COM INC | — | $854.40M | 3.28% |
| ALPHABET INC CL A | — | $700.53M | 2.69% |
| ALPHABET INC CL C | — | $618.78M | 2.38% |
| BROADCOM INC | — | $614.13M | 2.36% |
| META PLATFORMS INC CL A | — | $544.18M | 2.09% |
| TESLA INC | — | $449.24M | 1.73% |
| BERKSHIRE HATH-B | — | $424.05M | 1.63% |
Portfolio moves
Dec 31, 2025 → Mar 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. |
|---|---|---|
| iShares Russell 1000 ETF · IWB | 91% | 0.15% |
| VANGUARD RUSSELL 1000 INDEX FUND · VRNIX, VONE | 90% | 0.05% |
| VANGUARD 500 INDEX FUND · VFIAX, VFINX, VOO, VFFSX | 88% | 0.01% |
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 March 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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