# Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/viiix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Large Cap Equity - Strategy: Passive Index · Inception: 1997-07-07 This fund aims to mirror the investment performance of the S&P 500 Index, which serves as a benchmark for large-capitalization U.S. stocks. It achieves this objective through a non-active, complete portfolio duplication strategy. The fund provides an accessible avenue for investors to obtain exposure to a substantial portion of the nation's premier companies. For 75% of its total assets, the fund is generally precluded from acquiring more than 10% of the voting stock of any single entity or allocating over 5% of its assets to the securities of one issuer. Nevertheless, these concentration l... ## Key Facts | Metric | Value | |---|---| | Price | $613.66 | | Expense Ratio | 0.02% | | Assets Under Management | $348.70B | | NAV | $610.50 | | Holdings Count | 0 | | Distribution Yield (TTM) | 2.45% | | Annual Distribution (TTM) | $15.03 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $507.80 – $625.93 | | Beta | 1.01 | ## Latest Distribution - Amount: $1.6052 /share - Ex-date: 2026-09-23 - Pay date: 2026-09-24 ## Frequently Asked Questions ### What does VIIIX invest in? This fund aims to mirror the investment performance of the S&P 500 Index, which serves as a benchmark for large-capitalization U.S. stocks. It achieves this objective through a non-active, complete portfolio duplication strategy. The fund provides an accessible avenue for investors to obtain exposure to a substantial portion of the nation's premier companies. For 75% of its total assets, the fund is generally precluded from acquiring more than 10% of the voting stock of any single entity or allocating over 5% of its assets to the securities of one issuer. Nevertheless, these concentration limits can be overridden if necessary to closely match the structure of its benchmark index. It's important to note that these specific restrictions do not apply to debt obligations issued by the U.S. government or its various agencies and instrumentalities. ### What is the expense ratio of VIIIX? Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) charges an expense ratio of 0.02%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is VIIIX? Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) manages $348.70B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is VIIIX actively managed or an index fund? VIIIX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (VIIIX's is 0.02%) because there's no security selection cost. ### When was VIIIX launched? Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) launched in July 1997 and is managed by Vanguard. ### How has VIIIX performed? VIIIX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does VIIIX pay a dividend? Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) currently distributes little or no income. Trailing-twelve-month yield is 2.45%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does VIIIX pay dividends? Vanguard Institutional Index Fund Institutional Plus Shares pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is VIIIX's dividend yield? VIIIX's trailing-twelve-month yield is 2.45%, calculated from the sum of dividends over the past year divided by the current price. ### When is VIIIX's next ex-dividend date? The most recently announced ex-dividend date for VIIIX was 2026-09-23. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will VIIIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.02% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VIIIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VIIIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VIIIX cost more than a fund like VOO? VIIIX is a passive index fund (current expense ratio 0.02%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to VIIIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VIIIX (0.02%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/viiix - Distribution history: https://www.dividenddata.com/funds/viiix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/viiix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/viiix/expenses - Peer comparison: https://www.dividenddata.com/funds/viiix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.