Vanguard Dividend Appreciation Index Fund
Data updated: 2026-09-28
C000031349 — Vanguard Dividend Appreciation Index Fund. United States Large Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000031349 Fund Overview
Vanguard Dividend Appreciation Index Fund is a US mutual fund managed by Vanguard Specialized Funds, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Vanguard Specialized Funds
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $130.90B
- SEC CIK: 0000734383
- SEC series ID: S000011322
- Share class ID: C000031349
C000031349 Investment Objective and Strategy
Vanguard Dividend Appreciation Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Vanguard Specialized Funds.
Investment objective
Vanguard Dividend Appreciation ETF, an exchange-traded share class of Vanguard Dividend Appreciation Index Fund (the Fund), seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that have a record of increasing dividends over time.
Principal investment strategy
The Fund employs an indexing investment approach designed to track the performance of the S&P U.S. Dividend Growers Index (the Target Index), a modified market capitalization-weighted index which consists of common stocks of U.S. companies that have a record of increasing their dividends over time (excluding real estate trusts (REITs)). Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index. The Fund attempts to replicate the Target Index by investing in the stocks that make up the Target Index, holding each stock in approximately the same proportion as its weighting in the Target Index. The Fund may become nondiversified, as defined under the Investment Company Act of 1940, solely as a result of tracking an index.
This could occur due to events such as an index rebalance or market movement. A nondiversified fund may invest a greater percentage of its assets in the securities of particular issuers as compared with diversified funds. In addition, the Fund could become concentrated in an industry or group of industries if the Target Index becomes concentrated due to market conditions or the performance of a single or related group of issuers.
C000031349 Holdings
Top 10 holdings of Vanguard Dividend Appreciation Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Broadcom Inc | 4.63% |
| Apple Inc | 4.45% |
| Microsoft Corp | 4.34% |
| JPMorgan Chase & Co | 4.07% |
| Eli Lilly & Co | 3.93% |
| ExxonMobil Holdings Corp | 2.78% |
| Johnson & Johnson | 2.67% |
| Visa Inc | 2.45% |
| Walmart Inc | 2.11% |
| Mastercard Inc | 2.00% |
C000031349 Portfolio Allocation
Asset-class allocation of Vanguard Dividend Appreciation Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.6% |
| Cash & Equivalents | 0.3% |
C000031349 Costs and Fees
C000031349 costs about $14 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.14%
- Gross expense ratio: 0.14%
- Portfolio turnover: 8%
- Brokerage commissions: 0.08 bps of average net assets (SEC N-CEN)
C000031349 Cashflows
Over the 12 months to 2026-07, Vanguard Dividend Appreciation Index Fund had net inflows of $3.39B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $119.22M |
| 2026-06 | $542.21M |
| 2026-05 | −$114.64M |
| 2026-04 | $213.22M |
| 2026-03 | $208.17M |
| 2026-02 | $135.42M |
C000031349 Debt Constituents
No individual debt constituents are reported in Vanguard Dividend Appreciation Index Fund's latest SEC N-PORT filing.
C000031349 Prospectus and SEC Filings
Official Vanguard Dividend Appreciation Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-05-28
- Prospectus (485BPOS) — filed 2025-05-29
- Prospectus supplement (497) — filed 2026-02-02
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2026-04-14
- Annual census (N-CEN) — filed 2025-04-11
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.