Warning: Vanguard.com will not work properly with JavaScript disabled!
Vanguard - Vanguard funds

Funds, Stocks & ETFs  »  Vanguard Funds

 
 
  
 

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

Asset class





Fund minimum






Management
Risk
Less risk
Less reward
More risk
More reward
 
 
 
 
 
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.
Set my default view:
 
 
 
 
  Name Ticker Asset
Class
Expense Ratio As of 05/24/2013 Average Annual Returns as of 04/30/2013
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 0.05% 2.10% B 16.66% 16.86% 5.23% 7.87% 3.31%
(11/13/2000)
Admiral Treasury Money Market VUSXX Money Market 0.10% 0.01% C 0.00% 0.02% 0.28% 1.64% 3.03%
(12/14/1992)
Balanced Index Admiral Shares VBIAX Balanced 0.10% 1.72% B 9.75% 11.75% 6.35% 7.61% 5.27%
(11/13/2000)
California Intermediate-Term Tax-Exempt VCAIX Bond - Inter-term State Muni 0.20% 1.53% A 1.04% 5.30% 5.53% 4.28% 5.26%
(03/04/1994)
California Long-Term Tax-Exempt VCITX Bond - Long-term State Muni 0.20% 2.27% A 1.16% 6.78% 5.86% 4.67% 6.37%
(04/07/1986)
California Tax-Exempt Money Market VCTXX Money Market 0.16% 0.02% C 0.01% 0.03% 0.34% 1.32% 2.65%
(06/01/1987)
Capital Opportunity VHCOX Stock - Mid-Cap Growth 0.48% 0.55% B 23.80% 29.44% 6.90% 12.22% 11.59%
(08/14/1995)
Capital Value VCVLX Stock - Mid-Cap Value 0.47% 0.99% B 21.37% 21.81% 8.28% 9.02% 5.71%
(12/17/2001)
Convertible Securities VCVSX Balanced 0.52% 2.32% B 10.79% 13.60% 6.51% 9.03% 8.51%
(06/17/1986)
Developed Markets Index Admiral VDMAX International 0.10%   8.70% 19.74% 19.26%
(09/27/2011)
Diversified Equity VDEQX Stock - Large-Cap Blend 0.40% 1.29% B 16.61% 15.42% 5.51% 5.75%
(06/10/2005)
Dividend Appreciation Index VDAIX Stock - Large-Cap Blend 0.25% 2.04% B 15.90% 17.07% 6.45% 6.23%
(04/27/2006)
Dividend Growth VDIGX Stock - Large-Cap Blend 0.31% 2.11% B 17.91% 17.33% 7.46% 10.12% 7.81%
(05/15/1992)
Emerging Markets Government Bond Index Admiral Shares
Purchase Fee: 0.75%
VGAVX International 0.35% 0.00%   —%
(05/14/2013)
Emerging Markets Select Stock VMMSX International 0.92%   0.30% 8.73% 1.16%
(06/27/2011)
Emerging Markets Stock Index Admiral Shares VEMAX International 0.18%   –2.45% 4.74% –0.48% 8.12%
(06/23/2006)
Energy VGENX Stock - Sector 0.34% 1.90% B 8.48% 5.20% –2.05% 15.00% 12.40%
(05/23/1984)
Equity Income VEIPX Stock - Large-Cap Value 0.30% 2.74% B 17.47% 19.40% 6.92% 9.38% 10.05%
(03/21/1988)
European Stock Index Admiral Shares VEUSX International 0.12%   7.78% 18.34% –1.74% 9.02% 5.87%
(08/13/2001)
Explorer VEXPX Stock - Small-Cap Growth 0.49% 0.14% B 17.97% 15.09% 7.42% 10.12% 8.99%
(12/11/1967)
Explorer Value VEVFX Stock - Small-Cap Value 0.63% 0.79% B 18.40% 22.23% 15.27%
(03/30/2010)
Extended Market Index Admiral Shares VEXAX Stock - Mid-Cap Blend 0.14% 1.20% B 17.11% 18.62% 7.92% 11.63% 6.71%
(11/13/2000)
Federal Money Market VMFXX Money Market 0.16% 0.01% C 0.00% 0.01% 0.36% 1.73% 4.85%
(07/13/1981)
Florida Focused Long-Term Tax-Exempt Admiral Shares VFLRX Bond - Long-term State Muni 0.12% 2.18% A 0.79% 6.31% 6.03% 4.87% 5.11%
(11/12/2001)
FTSE All-World ex-US Index Admiral VFWAX International 0.15%   5.06% 14.58% 16.69%
(09/27/2011)
FTSE All-World ex-US Small-Cap Index
Purchase Fee: 0.50%
Redemption Fee:0.50%
VFSVX International 0.45%   5.84% 12.28% 18.73%
(04/02/2009)
FTSE Social Index VFTSX Stock - Large-Cap Growth 0.29% 1.58% B 19.56% 20.08% 5.03% 6.23% 1.08%
(05/31/2000)
Global Equity VHGEX International 0.59%   12.96% 17.91% 1.02% 9.98% 8.65%
(08/14/1995)
Global ex-U.S. Real Estate Index
Purchase Fee: 0.25%
Redemption Fee:0.25%
VGXRX International 0.45%   5.38% 34.92% 12.37%
(11/01/2010)
GNMA VFIIX Bond - Inter-term Government 0.21% 2.00% J –0.90% 2.01% 5.60% 4.98% 8.03%
(06/27/1980)
Growth and Income VQNPX Stock - Large-Cap Blend 0.36% 1.76% B 16.73% 16.78% 4.19% 7.33% 9.61%
(12/10/1986)
Growth Equity VGEQX Stock - Large-Cap Growth 0.54% 0.52% B 13.36% 8.43% 3.08% 7.01% 7.15%
(03/11/1992)
Growth Index Admiral Shares VIGAX Stock - Large-Cap Growth 0.10% 1.36% B 14.28% 13.00% 6.51% 8.00% 2.77%
(11/13/2000)
Health Care VGHCX Stock - Sector 0.35% 1.58% B 21.57% 26.62% 11.62% 11.08% 16.73%
(05/23/1984)
High Dividend Yield Index VHDYX Stock - Large-Cap Value 0.20% 3.03% B 18.06% 20.18% 6.39% 4.77%
(11/16/2006)
High-Yield Corporate Admiral Shares VWEAX Bond - Inter-term Low Quality 0.13% 4.18% A 3.35% 12.30% 9.16% 7.73% 7.66%
(11/12/2001)
High-Yield Tax-Exempt VWAHX Bond - Long-term National Muni 0.20% 2.49% A 1.39% 6.88% 6.40% 5.27% 6.93%
(12/27/1978)
Inflation-Protected Securities VIPSX Bond - Inter-term Government 0.20% –1.05% E,G –2.48% 4.37% 6.12% 6.19% 7.34%
(06/29/2000)
Intermediate-Term Bond Index Admiral Shares VBILX Bond - Inter-term Investment 0.10% 1.81% A 0.09% 6.19% 7.67% 6.18% 6.37%
(11/12/2001)
Intermediate-Term Investment-Grade VFICX Bond - Inter-term Investment 0.20% 2.06% A 0.40% 6.96% 7.52% 5.90% 6.48%
(11/01/1993)
Intermediate-Term Tax-Exempt VWITX Bond - Inter-term National Muni 0.20% 1.57% A 0.67% 4.62% 5.52% 4.49% 5.79%
(09/01/1977)
Intermediate-Term Treasury VFITX Bond - Inter-term Government 0.20% 0.69% A –0.24% 2.79% 5.69% 5.14% 6.74%
(10/28/1991)
International Explorer VINEX International 0.43%   10.67% 13.69% 1.43% 12.73% 9.66%
(11/04/1996)
International Growth VWIGX International 0.49%   7.11% 12.52% 0.56% 10.11% 10.87%
(09/30/1981)
International Value VTRIX International 0.41%   7.67% 17.45% –1.19% 10.30% 9.52%
(05/16/1983)
Large-Cap Index Admiral Shares VLCAX Stock - Large-Cap Blend 0.10% 2.00% B 16.60% 16.80% 5.47% 6.34%
(02/02/2004)
LifeStrategy Conservative Growth VSCGX Balanced 0.15% 1.94% B 5.03% 8.66% 4.39% 6.27% 7.32%
(09/30/1999)
LifeStrategy Growth VASGX Balanced 0.17% 2.02% B 10.43% 13.75% 3.65% 7.85% 7.99%
(09/30/1994)
LifeStrategy Income VASIX Balanced 0.14% 1.91% B 2.41% 6.13% 4.57% 5.37% 6.90%
(09/30/1994)
LifeStrategy Moderate Growth VSMGX Balanced 0.16% 1.98% B 7.74% 11.24% 4.29% 7.25% 7.83%
(09/30/1996)
Limited-Term Tax-Exempt VMLTX Bond - Short-term National Muni 0.20% 0.55% A 0.48% 1.68% 3.00% 2.85% 4.60%
(08/31/1987)
Long-Term Bond Index VBLTX Bond - Long-term Investment 0.20% 3.65% A –1.46% 9.74% 10.25% 7.64% 8.24%
(03/01/1994)
Long-Term Investment-Grade VWESX Bond - Long-term Investment 0.22% 4.05% A 0.05% 11.47% 10.77% 7.51% 8.85%
(07/09/1973)
Long-Term Tax-Exempt VWLTX Bond - Long-term National Muni 0.20% 2.20% A 0.97% 6.16% 5.94% 4.81% 6.20%
(09/01/1977)
Long-Term Treasury VUSTX Bond - Long-term Government 0.20% 2.62% A –2.69% 7.02% 9.36% 7.36% 8.45%
(05/19/1986)
Managed Payout Distribution Focus VPDFX Balanced 0.51% note B 7.71% 9.89% 3.95%
(05/02/2008)
Managed Payout Growth and Distribution VPGDX Balanced 0.43% note B 8.82% 11.16% 3.82%
(05/02/2008)
Managed Payout Growth Focus VPGFX Balanced 0.35% note B 10.66% 13.16% 3.48%
(05/02/2008)
Massachusetts Tax-Exempt VMATX Bond - Long-term State Muni 0.16% 1.85% A 0.21% 4.80% 5.55% 4.62% 4.89%
(12/09/1998)
Mid-Cap Growth VMGRX Stock - Mid-Cap Growth 0.54% 0.09% B 15.37% 10.19% 7.16% 10.68% 9.80%
(12/31/1997)
Mid-Cap Growth Index Admiral VMGMX Stock - Mid-Cap Growth 0.10% 0.56% B 16.36% 13.89% 20.83%
(09/27/2011)
Mid-Cap Index Admiral Shares VIMAX Stock - Mid-Cap Blend 0.10% 1.31% B 18.05% 18.16% 7.02% 11.28% 9.25%
(11/12/2001)
Mid-Cap Value Index Admiral VMVAX Stock - Mid-Cap Value 0.10% 2.04% B 19.36% 22.13% 27.65%
(09/27/2011)
Morgan Growth VMRGX Stock - Large-Cap Growth 0.40% 0.89% B 15.03% 9.59% 4.57% 8.23% 9.99%
(12/31/1968)
New Jersey Long-Term Tax-Exempt VNJTX Bond - Long-term State Muni 0.20% 2.15% A 0.81% 5.42% 5.59% 4.56% 6.34%
(02/03/1988)
New Jersey Tax-Exempt Money Market VNJXX Money Market 0.16% 0.02% C 0.01% 0.03% 0.36% 1.34% 2.62%
(02/03/1988)
New York Long-Term Tax-Exempt VNYTX Bond - Long-term State Muni 0.20% 1.93% A 0.63% 5.56% 5.54% 4.51% 6.11%
(04/07/1986)
New York Tax-Exempt Money Market VYFXX Money Market 0.16% 0.03% C 0.01% 0.03% 0.36% 1.34% 1.84%
(09/03/1997)
Ohio Long-Term Tax-Exempt VOHIX Bond - Long-term State Muni 0.16% 2.30% A 0.69% 5.90% 5.86% 4.80% 6.30%
(06/18/1990)
Ohio Tax-Exempt Money Market VOHXX Money Market 0.16% 0.03% C 0.01% 0.04% 0.43% 1.39% 2.40%
(06/18/1990)
Pacific Stock Index Admiral Shares VPADX International 0.12%   10.29% 21.68% 1.45% 10.22% 5.97%
(08/13/2001)
Pennsylvania Long-Term Tax-Exempt VPAIX Bond - Long-term State Muni 0.20% 2.23% A 0.81% 5.42% 5.63% 4.54% 6.33%
(04/07/1986)
Pennsylvania Tax-Exempt Money Market VPTXX Money Market 0.16% 0.02% C 0.01% 0.02% 0.40% 1.37% 2.66%
(06/13/1988)
Precious Metals and Mining VGPMX Stock - Sector 0.29%   –25.85% –32.35% –12.94% 10.76% 5.63%
(05/23/1984)
Prime Money Market VMMXX Money Market 0.16% 0.01% C 0.00% 0.03% 0.45% 1.80% 5.62%
(06/04/1976)
PRIMECAP Core VPCCX Stock - Large-Cap Blend 0.50% 1.27% B 19.89% 23.07% 7.83% 8.34%
(12/09/2004)
PRIMECAP Admiral Shares VPMAX Stock - Large-Cap Growth 0.36% 1.25% B 20.92% 23.87% 6.88% 11.00% 8.23%
(11/12/2001)
REIT Index Admiral Shares VGSLX Stock - Sector 0.10% note   14.35% 19.12% 7.43% 12.71% 12.43%
(11/12/2001)
Selected Value VASVX Stock - Mid-Cap Value 0.38% 1.76% B 18.02% 21.31% 8.78% 11.50% 8.48%
(02/15/1996)
Short-Term Bond Index Admiral Shares VBIRX Bond - Short-term Investment 0.10% 0.49% A 0.20% 1.67% 3.46% 3.58% 3.70%
(11/12/2001)
Short-Term Federal VSGBX Bond - Short-term Government 0.20% 0.23% A –0.03% 1.03% 3.02% 3.31% 5.61%
(12/31/1987)
Short-Term Inflation-Protected Securities Index Admiral Shares
Purchase Fee: 0.25%
VTAPX Bond - Short-term Government 0.10% –1.36% E,G –0.64% 0.54%
(10/16/2012)
Short-Term Investment-Grade VFSTX Bond - Short-term Investment 0.20% 1.01% A 0.61% 3.31% 3.99% 3.81% 6.73%
(10/29/1982)
Short-Term Tax-Exempt VWSTX Bond - Short-term National Muni 0.20% 0.36% A 0.30% 0.94% 1.83% 2.19% 4.32%
(09/01/1977)
Short-Term Treasury VFISX Bond - Short-term Government 0.20% 0.08% A –0.05% 0.62% 2.28% 2.96% 4.75%
(10/28/1991)
Small-Cap Growth Index Admiral VSGAX Stock - Small-Cap Growth 0.10% 0.49% B 16.56% 16.72% 24.73%
(09/27/2011)
Small-Cap Index Admiral Shares VSMAX Stock - Small-Cap Blend 0.10% 1.35% B 17.20% 19.38% 8.65% 11.84% 8.26%
(11/13/2000)
Small-Cap Value Index Admiral VSIAX Stock - Small-Cap Value 0.10% 2.08% B 16.95% 21.00% 27.98%
(09/27/2011)
STAR VGSTX Balanced 0.34% 2.02% B 8.70% 12.50% 5.75% 8.03% 9.73%
(03/29/1985)
Strategic Equity VSEQX Stock - Mid-Cap Blend 0.29% 1.11% B 19.30% 20.06% 6.37% 10.00% 10.12%
(08/14/1995)
Strategic Small-Cap Equity VSTCX Stock - Small-Cap Blend 0.40% 0.91% B 17.37% 20.44% 7.14% 4.30%
(04/24/2006)
Target Retirement 2010 VTENX Balanced 0.16% 1.97% B 5.01% 8.99% 5.07% 6.00%
(06/07/2006)
Target Retirement 2015 VTXVX Balanced 0.16% 2.00% B 6.88% 10.54% 4.99% 6.34%
(10/27/2003)
Target Retirement 2020 VTWNX Balanced 0.16% 1.99% B 8.14% 11.61% 4.81% 5.87%
(06/07/2006)
Target Retirement 2025 VTTVX Balanced 0.17% 2.00% B 9.20% 12.57% 4.58% 6.45%
(10/27/2003)
Target Retirement 2030 VTHRX Balanced 0.17% 2.02% B 10.18% 13.52% 4.37% 5.62%
(06/07/2006)
Target Retirement 2035 VTTHX Balanced 0.18% 2.03% B 11.21% 14.49% 4.35% 6.83%
(10/27/2003)
Target Retirement 2040 VFORX Balanced 0.18% 2.04% B 11.82% 14.97% 4.51% 5.61%
(06/07/2006)
Target Retirement 2045 VTIVX Balanced 0.18% 2.04% B 11.82% 15.03% 4.48% 7.23%
(10/27/2003)
Target Retirement 2050 VFIFX Balanced 0.18% 2.04% B 11.78% 15.04% 4.49% 5.68%
(06/07/2006)
Target Retirement 2055 VFFVX Balanced 0.18% 2.04% B 11.81% 15.00% 14.11%
(08/18/2010)
Target Retirement 2060 VTTSX Balanced 0.18% 2.03% B 11.78% 15.08% 16.58%
(01/19/2012)
Target Retirement Income VTINX Balanced 0.16% 1.92% B 3.36% 7.43% 5.59% 5.83%
(10/27/2003)
Tax-Exempt Money Market VMSXX Money Market 0.16% 0.03% C 0.01% 0.04% 0.41% 1.39% 3.36%
(06/10/1980)
Tax-Managed Balanced Admiral Shares VTMFX Balanced 0.12% 1.54% B 8.04% 10.34% 6.14% 6.79% 7.52%
(09/06/1994)
Tax-Managed Capital Appreciation Admiral Shares

Tax-Managed Capital Appreciation Admiral Shares
The Admiral Shares’ inception date is November 12, 2001; investment returns since that date are historical returns. All other average annual and cumulative total returns shown are blended returns of the historical performance of Admiral Shares and the fund’s Investor Shares. The 2001 fourth-quarter and calendar-year annual returns are also blended returns of the historical performance of Admiral Shares and Investor Shares. All other quarterly and calendar-year annual returns reflect Investor Shares’ historical performance. Since-inception performance is from the fund’s Investor Shares inception on September 6, 1994.

VTCLX Stock - Large-Cap Blend 0.12% 1.73% B 16.48% 16.63% 5.46% 8.52% 8.89%
(09/06/1994)
Tax-Managed Growth and Income Admiral Shares

Tax-Managed Growth and Income Admiral Shares
The Admiral Shares’ inception date is November 12, 2001; investment returns since that date are historical returns. All other average annual and cumulative total returns shown are blended returns of the historical performance of Admiral Shares and the fund’s Investor Shares. The 2001 fourth-quarter and calendar-year annual returns are also blended returns of the historical performance of Admiral Shares and Investor Shares. All other quarterly and calendar-year annual returns reflect Investor Shares’ historical performance. Since-inception performance is from the fund’s Investor Shares inception on September 6, 1994.

VTGLX Stock - Large-Cap Blend 0.12% 2.05% B 16.60% 16.78% 5.16% 7.85% 8.81%
(09/06/1994)
Tax-Managed International Admiral Shares VTMGX International 0.10%   8.92% 19.62% –0.72% 9.40% 3.84%
(08/17/1999)
Tax-Managed Small-Cap Admiral Shares VTMSX Stock - Small-Cap Blend 0.14% 1.05% B 16.49% 16.96% 8.32% 11.46% 10.12%
(03/25/1999)
Total Bond Market Index Admiral Shares VBTLX Bond - Inter-term Investment 0.10% 1.57% A –0.26% 3.58% 5.69% 5.03% 5.12%
(11/12/2001)
Total International Stock Index Admiral Shares VTIAX International 0.16%   5.50% 14.60% 6.08%
(11/29/2010)
Total Stock Market Index Admiral Shares VTSAX Stock - Large-Cap Blend 0.05% 1.97% B 16.69% 17.11% 5.87% 8.74% 4.17%
(11/13/2000)
Total World Stock Index VTWSX International 0.35%   10.29% 15.38% 3.62%
(06/26/2008)
U.S. Growth VWUSX Stock - Large-Cap Growth 0.45% 0.46% B 13.69% 10.87% 5.45% 6.71% 10.02%
(01/06/1959)
U.S. Value VUVLX Stock - Large-Cap Value 0.29% 1.95% B 18.97% 23.24% 4.64% 7.86% 6.05%
(06/29/2000)
Value Index Admiral Shares VVIAX Stock - Large-Cap Value 0.10% 2.55% B 18.72% 20.53% 4.36% 8.53% 4.32%
(11/13/2000)
Wellesley Income VWINX Balanced 0.25% 2.32% B 6.33% 11.54% 8.29% 7.63% 10.23%
(07/01/1970)
Wellington VWELX Balanced 0.25% 2.21% B 11.27% 14.70% 6.46% 8.93% 8.26%
(07/01/1929)
Windsor VWNDX Stock - Large-Cap Value 0.41% 1.41% B 18.61% 20.98% 5.15% 7.79% 11.35%
(10/23/1958)
Windsor II VWNFX Stock - Large-Cap Value 0.35% 2.21% B 16.88% 18.39% 5.06% 8.70% 10.76%
(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.

 
 
 
 

© 1995–2013  The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corp., Distrib. Terms & conditions of use | Security Center | Obtain prospectus | Careers | Mobile services