Vanguard Materials Index Fund Admiral Shares (VMIAX)

Fund Assets	4.39B
Expense Ratio	0.09%
Min. Investment	$100,000
Turnover	7.00%
Dividend (ttm)	1.62
Dividend Yield	1.33%
Dividend Growth	-4.92%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 24, 2026

Previous Close	122.02
YTD Return	16.21%
1-Year Return	16.69%
5-Year Return	39.80%
52-Week Low	96.99
52-Week High	124.35
Beta (5Y)	1.15
Holdings	114
Inception Date	Feb 11, 2004

About VMIAX

This economical index fund tracks the performance of the American materials industry, investing in companies primarily engaged in raw material processing. Its principal vulnerability stems from its concentrated strategy, as it exclusively holds stocks within this single sector. Investors should thus anticipate significant price fluctuations. Given this specialized focus, it is advisable to incorporate this fund merely as a minor component of an already comprehensively diversified investment portfolio.

• Fund Family: Vanguard
• Category: Natural Resources
• Performance Rating: Average
• Risk Rating: Average
• 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 16.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.21%.

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 0.09% compared to 0.09% for VMIAX.

Symbol	Name	Expense Ratio
VAW	Vanguard Materials ETF	0.09%

Top 10 Holdings

56.58% of assets

Name	Symbol	Weight
Linde plc	LIN	15.08%
Newmont Corporation	NEM	6.88%
Freeport-McMoRan Inc.	FCX	6.12%
The Sherwin-Williams Company	SHW	5.45%
Ecolab Inc.	ECL	4.80%
CRH plc	CRH	4.33%
Air Products and Chemicals, Inc.	APD	4.06%
Nucor Corporation	NUE	3.89%
Corteva, Inc.	CTVA	3.59%
Vulcan Materials Company	VMC	2.38%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 24, 2026	$0.4085	Jun 25, 2026
Mar 24, 2026	$0.4037	Mar 25, 2026
Dec 17, 2025	$0.4132	Dec 18, 2025
Sep 24, 2025	$0.3919	Sep 25, 2025
Jun 26, 2025	$0.4149	Jun 27, 2025
Mar 25, 2025	$0.4236	Mar 26, 2025

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 25, 2026

Data Sources Report a data error