500 Index Fund Investor Shares (VFINX)

OPTIONS as of
04/25/2018

Options Expense ratio Minimum
Admiral 0.04% N/A
Investor 0.14% N/A
Inst Select 0.01% $5.0 Billion
ETF 0.04%

Vanguard ETF Shares can be bought and sold only through a broker (who may charge a commission) and cannot be redeemed with the issuing fund. The market price of Vanguard ETF Shares may be more or less than net asset value.

About our options  


The options above represent share classes of Vanguard's U.S. funds and collective trusts that share the same investment strategy, management, and holdings. Exchanges between some of the share classes may be taxable.

 

Fees

A fee charged by some mutual funds when an investor buys shares. This fee is not a sales charge or load because it is paid directly to the fund to offset the costs of trading certain securities.

 None

A fee charged by some mutual funds when an investor sells shares. A redemption fee differs from a back-end load because the money is paid back into the fund. Many funds charge redemption fees only when shares are bought and then sold within a specific period of time, generally in an effort to discourage market-timing and short-term trading. Some brokers also charge their clients redemption fees for the sale of securities.

 None

KEY FACTS

Product type: Domestic Large Blend
VFINX
 inception on 08/31/1976
$459.3 billion

This represents the total net assets for all share classes of Vanguard's U.S. funds, as well as any collective trust that shares the same investment strategy, management and holdings.

 as of 09/30/2018
$28.0 billion net assets for
VFINX
 as of 09/30/2018
509 holdings as of 09/30/2018
Indexed to the S&P 500 Index (SPTR)
Turnover rate (Fiscal year-end  12/31/2017) 3.10%
CUSIP: 922908108

STYLEBOX

Stock


Index portfolio of large-capitalization U.S. stocks diversified across investment styles.



Central tendency
Expected range

How to read our stylebox  

Investment approach



  • Seeks to track the performance of the S&P 500 Index.
  • U.S. large-cap equity diversified across growth and value styles.
  • Passively managed, full-replication approach.
  • Fund remains fully invested.
  • Low expenses minimize net tracking error.

Total returns

as of 09/30/2018

View as:

as of 09/30/2018

18%
16
14
12
10
8
6
4
2
0%
 
 
 
 
 
  1 year 3 year 5 year 10 year

08/31/1976

NAV 
17.74% 17.15% 13.79% 11.83% 11.17%

S&P 500 Index

*
17.91% 17.31% 13.95% 11.97%

Note: Fee adjusted for mutual funds where applicable.

* A widely used barometer of U.S. stock market performance; as a market-weighted index of leading companies in leading industries, it is dominated by large-capitalization companies.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.


Sector weightings as of 09/30/2018

  Sector  VFINX

S&P 500 Index

+/- Weight
Information Technology 21.0% 21.0% 0.0%
Health Care 15.1% 15.1% 0.0%
Financials 13.3% 13.3% 0.0%
Consumer Discretionary 10.3% 10.3% 0.0%
Telecommunication Services 10.0% 10.0% 0.0%
Industrials 9.7% 9.7% 0.0%
Consumer Staples 6.7% 6.7% 0.0%
Energy 6.0% 6.0% 0.0%
Utilities 2.8% 2.8% 0.0%
Real Estate 2.7% 2.7% 0.0%
Materials 2.4% 2.4% 0.0%
Other 0.0% 0.0% 0.0%
0%
25%
Total 100.0% 100.0%

Sector categories are based on the Global Industry Classification Standard, except for the "Other" category (if applicable), which includes securities that have not been provided a Global Industry Classification Standard as of the effective reporting period.

Top 10 Equity Holdings as of 09/30/2018

Rank Holding
1 Apple Inc.
2 Microsoft Corp.
3 Amazon.com Inc.
4 Alphabet Inc.
5 Berkshire Hathaway Inc.
6 Facebook Inc.
7 JPMorgan Chase & Co.
8 Johnson & Johnson
9 Exxon Mobil Corp.
10 Bank of America Corp.
Top 10 equals 23.0% of net assets

Portfolio holdings may exclude any temporary cash investments and equity index products.

Fundamentals

Stock

as of 09/30/2018
VFINX

S&P 500 Index

Number of stock 509 506
Avg market cap $247.8 billion $247.6 billion
Median market cap $113.8 billion $113.8 billion
P/E ratio 21.6x 21.5x
P/B ratio 3.3x 3.3x
Turnover rate 3.1% Fiscal year end 12/2017 N/A

Risk and volatility as of 09/30/2018

  VFINX

S&P 500 Index

R-squared N/A 1.00
Beta N/A 1.00
Alpha – 0.01 N/A
Standard deviation 9.18% 9.18%
Sharpe ratio 1.78 1.80

Risk and volatility are based on the share class with the earliest inception date.

Risk measures are calculated from trailing 36-month fund returns relative to the associated benchmarks.

An investment in the fund could lose money over short or even long periods. You should expect the fund’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall stock market. The fund’s performance could be hurt by:

  • Stock market risk: The chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising stock prices and periods of falling stock prices. The fund’s target index may, at times, become focused in stocks of a particular sector, category, or group of companies. Because the fund seeks to track its target index, the fund may underperform the overall stock market.
  • Investment style risk: The chance that returns from large-capitalization stocks will trail returns from the overall stock market. Large-cap stocks tend to go through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted for as long as several years.