Vanguard Materials Index Fund Admiral Shares

Frequently Asked Questions About VMIAX

What does VMIAX invest in?

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.

What is the expense ratio of VMIAX?

Vanguard Materials Index Fund Admiral Shares (VMIAX) charges an expense ratio of 0.09%. This is the annual fee deducted from fund assets to cover management and operations.

How big is VMIAX?

Vanguard Materials Index Fund Admiral Shares (VMIAX) manages $4.50B 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 VMIAX actively managed or an index fund?

VMIAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was VMIAX launched?

Vanguard Materials Index Fund Admiral Shares (VMIAX) launched in February 2004 and is managed by Vanguard.

How has VMIAX performed?

VMIAX'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.