Vanguard Materials Index Admiral (VMIAX)

Fund Assets	3.90B
Expense Ratio	0.10%
Min. Investment	$100,000
Turnover	12.00%
Dividend (ttm)	1.70
Dividend Yield	1.64%
Dividend Growth	2.64%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 26, 2025

Previous Close	103.95
YTD Return	9.06%
1-Year Return	2.68%
5-Year Return	66.97%
52-Week Low	83.51
52-Week High	109.70
Beta (5Y)	1.22
Holdings	112
Inception Date	Feb 2, 2004

About VMIAX

The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Materials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the materials sector, as classified under the Global Industry Classification Standard (GICS). The Advisor attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the index, in order to hold each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

• Fund Family: Vanguard
• Category: Natural Resources
• Stock Exchange: NASDAQ
• Ticker Symbol: VMIAX
• Share Class: Admiral Shares
• Index: MSCI US IMI/Materials 25/50 TR USD

Performance

VMIAX had a total return of 2.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.78%.

Equivalent ETF

VMIAX has an equivalent ETF with the ticker symbol VAW, the Vanguard Materials ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.10% compared to 0.10% for VMIAX.

Symbol	Name	Expense Ratio
VAW	Vanguard Materials ETF	0.10%

Top 10 Holdings

56.22% of assets

Name	Symbol	Weight
Linde plc	LIN	16.58%
The Sherwin-Williams Company	SHW	6.02%
Newmont Corporation	NEM	5.33%
Ecolab Inc.	ECL	5.09%
CRH plc	CRH	4.93%
Air Products and Chemicals, Inc.	APD	4.68%
Freeport-McMoRan Inc.	FCX	4.40%
Corteva, Inc.	CTVA	3.75%
Vulcan Materials Company	VMC	2.76%
Martin Marietta Materials, Inc.	MLM	2.67%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 26, 2025	$0.4149	Jun 27, 2025
Mar 25, 2025	$0.4236	Mar 26, 2025
Dec 18, 2024	$0.4368	Dec 19, 2024
Sep 27, 2024	$0.4257	Sep 30, 2024
Jun 28, 2024	$0.4171	Jul 1, 2024
Mar 22, 2024	$0.3471	Mar 25, 2024