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All-in-one funds

A diversified portfolio in a single fund

 
 
 
 
 
 
  
 

Core funds

An easier approach for most goals

 
 
 
 
 
 
  
 

All our funds

120 matching funds

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Share class

Share class

Vanguard offers three mutual fund share classes. A fund's objective, management, and underlying investments are identical in each class. The expense ratios distinguish the share classes and reflect the differing costs of each share class. 

  • Investor Shares. Low-cost shares for individual investors. Investor Shares typically feature low minimum initial investments.
  • Admiral™ Shares. Lower-cost shares available to Vanguard investors with at least $10,000 in most index funds and $50,000 in actively managed funds. Learn more »
  • Institutional Shares. Shares for companies and organizations with account balances of $5 million or more.
Tax-efficiency

Tax-managed funds

Tax-managed funds aim to minimize the impact of taxes on investors' total returns. They are specifically managed to:

  • Minimize portfolio turnover.
  • Minimize capital gains when selling shares.
  • Avoid securities that provide taxable dividend income.

Tax-exempt funds

Tax-exempt funds seek to provide current income that is exempt from federal personal income taxes. You might consider a tax-exempt fund if:

  • You are not investing in a tax-advantaged account (these include IRAs, 529s, and 401(k)s).
  • You are in a higher federal tax bracket (28% or higher).
 
 
 
 
 
 
 
 
  
 

Vanguard mutual funds

The list below displays the lowest-cost share class available based on the criteria selected on the left. The minimum initial investment can vary by fund and share class. To see additional funds and share classes, select different criteria.
Click a fund name to view standardized returns, after-tax returns, fees, and expense ratio information.
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  Name Ticker Asset
Class
Expense
Ratio
As of 02/03/2012 Average Annual Returns as of 01/31/2012
SEC Yield

SEC yield

The SEC yield for a bond, balanced, or stock fund is based on a fund's hypothetical annualized income as a percentage of its assets. This hypothetical income will differ (at times, significantly) from the fund's actual experience; as a result, income distributions from the fund may be higher or lower than implied by the SEC yield.

The SEC yield for a money market fund is calculated by annualizing its daily income distributions for the previous 7 days.

YTD 1 Year 5 Year 10 Year Since
Inception
  500 Index Admiral Shares VFIAX Stock - Large-Cap Blend 0.06% 2.09% B 7.10% 4.19% 0.35% 3.51% 1.63%
(11/13/2000)
  Admiral Treasury Money Market VUSXX Money Market 0.11% 0.01% C 0.00% 0.02% 1.33% 1.83% 3.22%
(12/14/1992)
  Asset Allocation Admiral Shares VAARX Balanced 0.21%   5.01% 1.39% –1.20% 3.39% 3.13%
(08/13/2001)
  Balanced Index Admiral Shares VBIAX Balanced 0.12% 2.00% B 5.00% 6.39% 3.74% 5.37% 4.44%
(11/13/2000)
  California Intermediate-Term Tax-Exempt VCAIX Bond - Inter-term Treasury 0.20% 2.06% A 2.43% 13.70% 5.13% 4.58% 5.31%
(03/04/1994)
  California Long-Term Tax-Exempt VCITX Bond - Long-term Treasury 0.20% 2.78% A 2.82% 16.29% 4.61% 4.87% 6.38%
(04/07/1986)
  California Tax-Exempt Money Market VCTXX Money Market 0.17% 0.01% C 0.00% 0.04% 1.13% 1.47% 2.78%
(06/01/1987)
  Capital Opportunity Admiral Shares
Redemption Fee:1% if held < 1 yr
VHCAX Stock - Mid-Cap Growth 0.41% 0.73% B 9.60% –2.49% 2.09% 6.50% 7.18%
(11/12/2001)
  Capital Value VCVLX Stock - Mid-Cap Value 0.58% 0.68% B 15.28% –8.90% –1.16% 4.04% 3.77%
(12/17/2001)
  Convertible Securities
Redemption Fee:1% if held < 1 yr
VCVSX Balanced 0.68% 3.94% B 8.45% –3.70% 4.85% 7.27% 8.28%
(06/17/1986)
  Developed Markets Index Admiral
Redemption Fee:2% if held < 2 mos
VDMAX International 0.12%   9.46% 7.25%
(09/27/2011)
  Diversified Equity VDEQX Stock - Large-Cap Blend 0.40% 1.12% B 9.53% 2.59% 0.19% 3.43%
(06/10/2005)
  Dividend Appreciation Index VDAIX Stock - Large-Cap Blend 0.30% 2.15% B 4.53% 7.34% 2.53% 3.90%
(04/27/2006)
  Dividend Growth VDIGX Stock - Large-Cap Blend 0.34% 2.19% B 4.35% 9.90% 3.68% 5.60% 7.18%
(05/15/1992)
  Emerging Markets Select Stock
Redemption Fee:2% if held < 2 mos
VMMSX International 0.95%   15.49% -8.36%
(06/27/2011)
  Emerging Markets Stock Index Admiral Shares
Purchase Fee: 0.25%
Redemption Fee:0.25%
VEMAX International 0.22%   15.38% –7.55% 4.50% 8.87%
(06/23/2006)
  Energy
Redemption Fee:1% if held < 1 yr
VGENX Stock - Sector 0.34% 1.77% B 7.15% –3.82% 5.08% 15.00% 12.84%
(05/23/1984)
  Equity Income VEIPX Stock - Large-Cap Value 0.31% 2.80% B 4.06% 10.86% 1.70% 5.34% 9.50%
(03/21/1988)
  European Stock Index Admiral Shares
Redemption Fee:2% if held < 2 mos
VEUSX International 0.14%   9.94% –9.95% –4.25% 5.63% 4.57%
(08/13/2001)
  Explorer VEXPX Stock - Small-Cap Growth 0.49% 0.00% B 11.95% 3.90% 2.04% 5.66% 8.78%
(12/11/1967)
  Explorer Value VEVFX Stock - Small-Cap Value 0.61% 0.97% B 10.78% 2.02% 10.90%
(03/30/2010)
  Extended Market Index Admiral Shares VEXAX Stock - Mid-Cap Blend 0.16% 1.03% B 12.15% 2.22% 2.45% 7.71% 5.35%
(11/13/2000)
  Federal Money Market VMFXX Money Market 0.19% 0.01% C 0.00% 0.01% 1.50% 1.91% 5.06%
(07/13/1981)
  Florida Focused Long-Term Tax-Exempt VFLTX Bond - Long-term Treasury 0.20% 2.62% A 2.30% 15.00% 5.42% 5.27% 6.06%
(09/01/1992)
  FTSE All-World ex-US Index Admiral
Redemption Fee:2% if held < 2 mos
VFWAX International 0.18%   11.05% 9.09%
(09/27/2011)
  FTSE All-World ex-US Small-Cap Index
Purchase Fee: 0.75%
Redemption Fee:0.75%
VFSVX International 0.55%   13.06% –12.65% 21.02%
(04/02/2009)
  FTSE Social Index VFTSX Stock - Large-Cap Growth 0.29% 1.63% B 8.64% 2.28% –2.29% 1.47% -0.92%
(05/31/2000)
  Global Equity VHGEX International 0.54%   10.50% –3.94% –2.48% 7.24% 7.92%
(08/14/1995)
  Global ex-U.S. Real Estate Index
Purchase Fee: 0.25%
Redemption Fee:0.25%
VGXRX International 0.50%   12.31% –8.64% -6.54%
(11/01/2010)
  GNMA VFIIX Bond - Inter-term Treasury 0.23% 2.85% J 0.36% 7.96% 6.93% 5.72% 8.27%
(06/27/1980)
  Growth and Income VQNPX Stock - Large-Cap Blend 0.34% 1.83% B 6.72% 4.41% –1.27% 2.81% 9.09%
(12/10/1986)
  Growth Equity VGEQX Stock - Large-Cap Growth 0.52% 0.48% B 9.27% 5.83% 0.82% 2.35% 6.70%
(03/11/1992)
  Growth Index Admiral Shares VIGAX Stock - Large-Cap Growth 0.12% 1.21% B 8.97% 6.23% 3.23% 3.65% 1.25%
(11/13/2000)
  Health Care
Redemption Fee:1% if held < 1 yr
VGHCX Stock - Sector 0.35% 1.64% B 3.52% 12.50% 3.98% 7.15% 16.35%
(05/23/1984)
  High Dividend Yield Index VHDYX Stock - Large-Cap Value 0.30% 3.12% B 3.74% 10.73% 0.53% 1.13%
(11/16/2006)
  High-Yield Corporate
Redemption Fee:1% if held < 1 yr
VWEHX Bond - Inter-term Low Quality 0.25% 5.76% A 3.28% 8.04% 6.58% 7.05% 8.85%
(12/27/1978)
  High-Yield Tax-Exempt VWAHX Bond - Long-term Investment 0.20% 3.13% A 2.62% 15.42% 5.06% 5.23% 6.95%
(12/27/1978)
  Inflation-Protected Securities VIPSX Bond - Inter-term Treasury 0.22% –0.55% E,G 1.42% 15.72% 8.06% 7.50% 7.71%
(06/29/2000)
  Intermediate-Term Bond Index Admiral Shares VBILX Bond - Inter-term Treasury 0.11% 2.28% A 1.17% 12.19% 8.36% 6.83% 6.46%
(11/12/2001)
  Intermediate-Term Investment-Grade VFICX Bond - Inter-term Investment 0.22% 3.01% A 2.08% 9.18% 7.34% 6.32% 6.47%
(11/01/1993)
  Intermediate-Term Tax-Exempt VWITX Bond - Inter-term Treasury 0.20% 1.90% A 2.02% 12.78% 5.48% 4.77% 5.86%
(09/01/1977)
  Intermediate-Term Treasury VFITX Bond - Inter-term Treasury 0.22% 0.80% A 0.39% 10.36% 7.86% 6.33% 7.02%
(10/28/1991)
  International Explorer
Redemption Fee:2% if held < 2 mos
VINEX International 0.39%   12.48% –13.29% –3.00% 9.68% 9.19%
(11/04/1996)
  International Growth
Redemption Fee:2% if held < 2 mos
VWIGX International 0.47%   12.29% –6.56% –0.70% 6.88% 10.75%
(09/30/1981)
  International Value
Redemption Fee:2% if held < 2 mos
VTRIX International 0.39%   10.66% –9.94% –3.08% 6.97% 9.25%
(05/16/1983)
  Large-Cap Index Admiral Shares VLCAX Stock - Large-Cap Blend 0.12% 1.99% B 7.60% 4.00% 0.73% 4.40%
(02/02/2004)
  LifeStrategy Conservative Growth VSCGX Balanced 0.15% 2.54% B 3.82% 3.63% 3.04% 4.92% 7.19%
(09/30/2002)
  LifeStrategy Growth VASGX Balanced 0.17% 2.22% B 7.25% 0.93% 0.47% 4.75% 7.51%
(09/30/1997)
  LifeStrategy Income VASIX Balanced 0.13% 2.70% B 2.12% 5.16% 4.22% 4.90% 6.96%
(09/30/1995)
  LifeStrategy Moderate Growth VSMGX Balanced 0.16% 2.38% B 5.53% 2.92% 2.06% 5.07% 7.54%
(09/30/2002)
  Limited-Term Tax-Exempt VMLTX Bond - Short-term Treasury 0.20% 0.72% A 0.54% 4.42% 3.79% 3.29% 4.76%
(08/31/1987)
  Long-Term Bond Index VBLTX Bond - Long-term Treasury 0.22% 3.75% A –0.77% 25.62% 10.06% 8.39% 8.30%
(03/01/1994)
  Long-Term Investment-Grade VWESX Bond - Long-term Investment 0.24% 4.58% A 0.84% 21.97% 9.07% 7.92% 8.83%
(07/09/1973)
  Long-Term Tax-Exempt VWLTX Bond - Long-term Treasury 0.20% 2.60% A 2.57% 14.87% 5.20% 5.13% 6.22%
(09/01/1977)
  Long-Term Treasury VUSTX Bond - Long-term Treasury 0.22% 2.31% A –2.75% 32.53% 10.84% 8.60% 8.66%
(05/19/1986)
  Managed Payout Distribution Focus VPDFX Balanced 0.38% note B 4.91% 3.84% 1.84%
(05/02/2008)
  Managed Payout Growth and Distribution VPGDX Balanced 0.37% note B 5.89% 3.15% 1.22%
(05/02/2008)
  Managed Payout Growth Focus VPGFX Balanced 0.36% note B 7.18% 1.68% 0.10%
(05/02/2008)
  Massachusetts Tax-Exempt VMATX Bond - Long-term Treasury 0.17% 2.07% A 2.39% 13.88% 5.29% 5.09% 4.99%
(12/09/1998)
  Mid-Cap Growth VMGRX Stock - Mid-Cap Growth 0.51% 0.00%   10.52% 6.77% 4.17% 6.51% 9.28%
(12/31/1997)
  Mid-Cap Growth Index Admiral VMGMX Stock - Mid-Cap Growth 0.10% 0.43% B 11.46% 11.33%
(09/27/2011)
  Mid-Cap Index Admiral Shares VIMAX Stock - Mid-Cap Blend 0.12% 1.34% B 10.27% 2.15% 1.91% 7.45% 8.05%
(11/12/2001)
  Mid-Cap Value Index Admiral VMVAX Stock - Mid-Cap Value 0.10% 2.26% B 9.15% 14.96%
(09/27/2011)
  Morgan Growth VMRGX Stock - Large-Cap Growth 0.42% 0.61% B 10.65% 2.70% 1.59% 4.45% 9.86%
(12/31/1968)
  New Jersey Long-Term Tax-Exempt VNJTX Bond - Long-term Treasury 0.20% 2.32% A 2.44% 13.88% 5.01% 5.00% 6.43%
(02/03/1988)
  New Jersey Tax-Exempt Money Market VNJXX Money Market 0.17% 0.01% C 0.00% 0.05% 1.17% 1.48% 2.76%
(02/03/1988)
  New York Long-Term Tax-Exempt VNYTX Bond - Long-term Treasury 0.20% 2.22% A 2.09% 13.15% 4.91% 5.00% 6.18%
(04/07/1986)
  New York Tax-Exempt Money Market VYFXX Money Market 0.17% 0.01% C 0.00% 0.04% 1.16% 1.48% 2.00%
(09/03/1997)
  Ohio Long-Term Tax-Exempt VOHIX Bond - Long-term Treasury 0.17% 2.53% A 2.29% 14.31% 5.39% 5.23% 6.37%
(06/18/1990)
  Ohio Tax-Exempt Money Market VOHXX Money Market 0.17% 0.01% C 0.00% 0.06% 1.24% 1.55% 2.54%
(06/18/1990)
  Pacific Stock Index Admiral Shares
Redemption Fee:2% if held < 2 mos
VPADX International 0.14%   8.54% –7.87% –2.54% 6.88% 4.48%
(08/13/2001)
  Pennsylvania Long-Term Tax-Exempt VPAIX Bond - Long-term Treasury 0.20% 2.49% A 2.28% 13.81% 4.97% 4.98% 6.40%
(04/07/1986)
  Pennsylvania Tax-Exempt Money Market VPTXX Money Market 0.17% 0.01% C 0.00% 0.04% 1.22% 1.52% 2.80%
(06/13/1988)
  Precious Metals and Mining
Redemption Fee:1% if held < 1 yr
VGPMX Stock - Sector 0.27%   16.55% –0.97% 4.92% 18.13% 7.94%
(05/23/1984)
  Prime Money Market VMMXX Money Market 0.20% 0.04% C 0.00% 0.04% 1.60% 1.98% 5.82%
(06/04/1975)
  PRIMECAP Core
Redemption Fee:1% if held < 1 yr
VPCCX Stock - Large-Cap Blend 0.51% 1.25% B 7.26% 1.78% 3.15% 6.25%
(12/09/2004)
  PRIMECAP Admiral Shares
Redemption Fee:1% if held < 1 yr
VPMAX Stock - Large-Cap Growth 0.36% 1.31% B 8.46% 0.79% 3.08% 6.11% 6.66%
(11/12/2001)
  REIT Index Admiral Shares
Redemption Fee:1% if held < 1 yr
VGSLX Stock - Sector 0.12% note   9.24% 11.95% –1.31% 11.00% 11.37%
(11/12/2001)
  Selected Value
Redemption Fee:1% if held < 1 yr
VASVX Stock - Mid-Cap Value 0.47% 1.85% B 7.05% 2.54% 1.31% 7.87% 7.58%
(02/15/1996)
  Short-Term Bond Index Admiral Shares VBIRX Bond - Short-term Treasury 0.11% 0.75% A 0.53% 3.33% 4.94% 4.13% 3.97%
(11/12/2001)
  Short-Term Federal VSGBX Bond - Short-term Treasury 0.22% 0.42% A 0.44% 3.09% 4.70% 4.01% 5.85%
(12/31/1987)
  Short-Term Investment-Grade VFSTX Bond - Short-term Investment 0.22% 1.79% A 1.18% 2.46% 4.46% 4.07% 6.87%
(10/29/1982)
  Short-Term Tax-Exempt VWSTX Bond - Short-term Treasury 0.20% 0.37% A 0.29% 1.77% 2.70% 2.43% 4.44%
(09/01/1977)
  Short-Term Treasury VFISX Bond - Short-term Treasury 0.22% 0.20% A 0.15% 2.24% 4.16% 3.73% 5.01%
(10/28/1991)
  Small-Cap Growth Index Admiral VSGAX Stock - Small-Cap Growth 0.10% 0.28% B 12.17% 15.68%
(09/27/2011)
  Small-Cap Index Admiral Shares VSMAX Stock - Small-Cap Blend 0.17% 1.24% B 11.83% 3.24% 2.82% 7.56% 7.07%
(11/13/2000)
  Small-Cap Value Index Admiral VSIAX Stock - Small-Cap Value 0.21% 2.21% B 11.54% 17.61%
(09/27/2011)
  STAR VGSTX Balanced 0.34% 2.36% B 6.41% 4.04% 3.02% 5.79% 9.57%
(03/29/1985)
  Strategic Equity VSEQX Stock - Mid-Cap Blend 0.33% 0.99% B 11.56% 6.02% –0.86% 6.46% 9.30%
(08/14/1995)
  Strategic Small-Cap Equity VSTCX Stock - Small-Cap Blend 0.43% 0.88% B 11.69% 6.19% 0.21% 1.31%
(04/24/2006)
  Target Retirement 2005 VTOVX Balanced 0.17% 2.70% B 3.17% 7.04% 4.40% 5.58%
(10/27/2003)
  Target Retirement 2010 VTENX Balanced 0.17% 2.60% B 4.41% 5.84% 3.74% 5.24%
(06/07/2006)
  Target Retirement 2015 VTXVX Balanced 0.17% 2.44% B 5.28% 4.34% 3.04% 5.62%
(10/27/2003)
  Target Retirement 2020 VTWNX Balanced 0.17% 2.34% B 5.95% 3.38% 2.47% 4.47%
(06/07/2006)
  Target Retirement 2025 VTTVX Balanced 0.18% 2.28% B 6.60% 2.64% 1.87% 5.41%
(10/27/2003)
  Target Retirement 2030 VTHRX Balanced 0.18% 2.22% B 7.22% 1.90% 1.28% 3.72%
(06/07/2006)
  Target Retirement 2035 VTTHX Balanced 0.19% 2.16% B 7.83% 1.14% 0.97% 5.55%
(10/27/2003)
  Target Retirement 2040 VFORX Balanced 0.19% 2.14% B 8.05% 0.94% 0.99% 3.38%
(06/07/2006)
  Target Retirement 2045 VTIVX Balanced 0.19% 2.14% B 8.08% 0.99% 0.97% 5.92%
(10/27/2003)
  Target Retirement 2050 VFIFX Balanced 0.19% 2.14% B 8.04% 0.96% 0.97% 3.47%
(06/07/2006)
  Target Retirement 2055 VFFVX Balanced 0.19% 2.14% B 8.05% 1.19% 12.22%
(08/18/2010)
  Target Retirement 2060 VTTSX Balanced 0.18% 0.00%   0.55%
(01/19/2012)
  Target Retirement Income VTINX Balanced 0.17% 2.70% B 3.12% 7.33% 5.26% 5.56%
(10/27/2003)
  Tax-Exempt Money Market VMSXX Money Market 0.17% 0.01% C 0.00% 0.05% 1.23% 1.55% 3.49%
(06/10/1980)
  Tax-Managed Balanced Admiral Shares VTMFX Balanced 0.15% 1.69% B 4.82% 8.36% 3.90% 4.99% 7.26%
(09/06/1994)
  Tax-Managed Capital Appreciation Admiral Shares VTCLX Stock - Large-Cap Blend 0.12% 1.72% B 7.87% 3.97% 0.70% 4.11% 8.18%
(09/06/1994)
  Tax-Managed Growth and Income Admiral Shares VTGLX Stock - Large-Cap Blend 0.12% 2.03% B 7.10% 4.11% 0.30% 3.53% 8.07%
(09/06/1994)
  Tax-Managed International Admiral Shares
Redemption Fee:2% if held < 2 mos
VTMGX International 0.18%   9.40% –9.45% –3.67% 5.99% 2.51%
(08/17/1999)
  Tax-Managed Small-Cap Admiral Shares VTMSX Stock - Small-Cap Blend 0.18% 1.02% B 11.74% 7.67% 3.10% 7.74% 9.49%
(03/25/1999)
  Total Bond Market Index Admiral Shares VBTLX Bond - Inter-term Treasury 0.11% 2.18% A 0.54% 8.54% 6.69% 5.60% 5.34%
(11/12/2001)
  Total International Stock Index Admiral Shares
Redemption Fee:2% if held < 2 mos
VTIAX International 0.20%   10.94% –8.92% -1.50%
(11/29/2010)
  Total Stock Market Index Admiral Shares VTSAX Stock - Large-Cap Blend 0.07% 1.96% B 8.08% 3.95% 0.93% 4.49% 2.57%
(11/13/2000)
  Total World Stock Index
Redemption Fee:2% if held < 2 mos
VTWSX International 0.45%   9.66% –3.39% -0.35%
(06/26/2008)
  U.S. Growth VWUSX Stock - Large-Cap Growth 0.44% 0.31% B 10.69% 3.82% 1.37% 1.24% 9.85%
(01/06/1959)
  U.S. Value VUVLX Stock - Large-Cap Value 0.31% 2.22% B 6.76% 4.29% –2.24% 3.14% 4.20%
(06/29/2000)
  Value Index Admiral Shares VVIAX Stock - Large-Cap Value 0.12% 2.77% B 6.30% 1.67% –1.83% 4.13% 2.55%
(11/13/2000)
  Wellesley Income VWINX Balanced 0.25% 2.95% B 2.22% 10.97% 6.35% 6.81% 10.19%
(07/01/1970)
  Wellington VWELX Balanced 0.30% 2.57% B 4.85% 5.17% 3.99% 6.48% 8.16%
(07/01/1929)
  Windsor VWNDX Stock - Large-Cap Value 0.33% 1.56% B 9.95% –0.77% –2.36% 3.39% 11.11%
(10/23/1958)
  Windsor II VWNFX Stock - Large-Cap Value 0.35% 2.31% B 6.75% 3.35% –0.91% 4.83% 10.30%
(06/24/1985)
  
 
 
   
 
 

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that 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. See performance data current to the most recent month-end.

Performance data for periods of less than one year do not reflect the deduction of purchase and redemption fees that may apply. All other performance data are adjusted for purchase and redemption fees, where applicable. Vanguard funds apply a $20 annual account service fee to all funds with balances below $10,000 in many types of accounts, which is not reflected in the figures. If this fee was included, the performance would be lower. Click a fund name to view the fund profile for additional detail.

A money market mutual fund investment is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in such a fund.

 
 
 
 

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