Vanguard Commodity Strategy Admiral (VCMDX)

Fund Assets	2.56B
Expense Ratio	0.16%
Min. Investment	$50,000
Turnover	25.00%
Dividend (ttm)	3.96
Dividend Yield	12.16%
Dividend Growth	611.60%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	32.40
YTD Return	24.95%
1-Year Return	35.39%
5-Year Return	75.72%
52-Week Low	25.59
52-Week High	33.09
Beta (5Y)	0.25
Holdings	51
Inception Date	Jun 25, 2019

About VCMDX

The Vanguard Commodity Strategy Fund Admiral Shares is designed to offer investors a dual benefit: safeguarding against inflationary pressures and enhancing the diversification of traditional stock and bond portfolios. To achieve this, the fund primarily invests in commodity-linked derivative instruments. Its objective is to optimize inflation protection while striving to outperform its specific benchmark and mitigate long-term volatility within a broadly diversified investment strategy. This commodity exposure is strategically underpinned by a blend of short-term Treasury Inflation-Protected Securities (TIPS) and Treasury bills (T-bills).

• Fund Family: Vanguard
• Category: Commodities Broad Basket
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VCMDX
• Share Class: Admiral Shares
• Index: Bloomberg Commodity TR

Performance

VCMDX had a total return of 35.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.93%.

Top 10 Holdings

42.32% of assets

Name	Symbol	Weight
Vanguard Cmt Funds-Vanguard Market Liquidity Fund - Vanguard Market Liquidity Fund	n/a	8.34%
United States Treasury Inflation Indexed Bonds - TSY INFL IX N/B	TII.1.125 10.15.30	4.10%
United States Treasury Inflation Indexed Bonds - TSY INFL IX N/B	TII.1.625 04.15.30	4.07%
United States Treasury Inflation Indexed Bonds - TSY INFL IX N/B	TII.1.625 10.15.29	3.94%
United States Treasury Inflation Indexed Bonds - TSY INFL IX N/B	TII.2.125 04.15.29	3.80%
United States Treasury Inflation Indexed Bonds - TSY INFL IX N/B	TII.2.375 10.15.28	3.78%
United States Treasury Inflation Indexed Bonds - TSY INFL IX N/B	TII.1.625 10.15.27	3.64%
United States Treasury Inflation Indexed Bonds - TSY INFL IX N/B	TII.0.125 04.15.27	3.56%
United States Treasury Inflation Indexed Bonds - TSY INFL IX N/B	TII.1.25 04.15.28	3.56%
United States Treasury Inflation Indexed Bonds - TSY INFL IX N/B	TII.0.125 10.15.26	3.53%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$3.9558	Dec 18, 2025
Dec 18, 2024	$0.5559	Dec 19, 2024
Dec 19, 2023	$0.6166	Dec 20, 2023
Dec 19, 2022	$3.884	Dec 20, 2022
Dec 20, 2021	$8.385	Dec 21, 2021
Dec 16, 2020	$0.1336	Dec 17, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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