Fund Evaluator:
Vanguard Growth & Income Adm (VGIAX)
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Best Performing in Large Blend Over the Last Year
| 49.8% | PRIMECAP Odyssey Growth (POGRX) |
| 48.6% | Vanguard PRIMECAP Core Inv (VPCCX) |
| 45.8% | Vanguard PRIMECAP Adm (VPMAX) |
| 45.7% | Vanguard PRIMECAP Inv (VPMCX) |
| 42.3% | Midas Special Opportunities (MISEX) |
Fund Details
Vanguard Growth & Income Adm Overview
Vanguard Growth & Income Adm (VGIAX) is an actively managed U.S. Equity Large Blend fund. Vanguard launched the fund in 2001.
The investment seeks to provide a total return (capital appreciation plus dividend income) greater than the return of the Standard & Poor's 500 Index. The fund invests at least 65% (and typically more than 90%) of its assets in stocks that are included in the index. Most of the stocks held by the fund provide dividend income as well as the potential for capital appreciation. The advisors use quantitative approaches to select a broadly diversified group of stocks that, as a whole, have investment characteristics similar to those of the S&P 500 Index, but are expected to provide a higher total return than that of the index.
About Vanguard Growth & Income Adm (VGIAX)
There are 6 members of the management team with an average tenure of 1.02 years: Jason(Jay) Nogueira (2026), Ann Holcomb (2026), Jason Polun (2026), Mary Pryshlak (2023), Max Stone (2025), Konstantin Turitsyn (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and DJ US Total Stock Market TR USD index with a weighting of 100%. Vanguard Growth & Income Adm has 836 securities in its portfolio. The top 10 holdings constitute 32.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Vanguard Growth & Income Adm is part of the Equity global asset class and is within the U.S. Equity fund group. Vanguard Growth & Income Adm has 2.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.2%. There is 2.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Vanguard Growth & Income Adm has 7.2% of the portfolio in cash.
Assets Under Management
The fund has $15 billion in total assets, which is above the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
VGIAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Vanguard Growth & Income Adm expense ratio is below average compared to funds in the Large Blend category. Vanguard Growth & Income Adm has an expense ratio of 0.28%, which is 66% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Vanguard Growth & Income Adm has a portfolio turnover rate of 94%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Vanguard Growth & Income Adm returned -0.8%, which earned it a grade of F, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Vanguard Growth & Income Adm has a trailing yield of 0.81%, which is above the 0.56% category average. The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Vanguard Growth & Income Adm Grades
Year to date, the fund has returned 8.6%, 0.7 percentage points worse than the category, which translates into a grade of D. The fund has returned 18.4% over the past year (grade of C), 19.7% over the past three years (grade of A) and 13.1% per year over the past five years (grade of A) and 15.0% per year over the past 10 years (grade of A).
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VGIAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VGIAX Return (NAV) | -0.8% | 4.1% | 18.4% | 19.7% | 13.1% | 15.0% |
| VGIAX Grade | F | C | C | A | A | A |
| +/- Category | -1.2% | 0.0% | 0.9% | 2.4% | 2.0% | 1.3% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| VGIAX Tax Cost Ratio | na | na | 2.7% | 2.6% | 2.7% | 2.2% |
VGIAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VGIAX Return (NAV) | 8.6% | 19.4% | 26.3% | 24.8% | -17.1% | 29.1% | 18.1% | 29.8% | -4.6% | 20.8% | 12.1% |
| VGIAX Grade | D | A | A | C | B | A | C | C | B | D | B |
| +/- Category | -0.7% | 3.6% | 4.2% | 1.1% | 0.2% | 2.6% | 0.5% | -0.1% | 1.3% | -0.5% | 1.9% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 13.1% |
| Total Risk Index: | 1.07 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (47% Rank) |
| Beta: | 0.99 |
| R-Squared: | 98% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $18477 Mil |
| Fund Total Assets: | $15,053 Mil |
| Share Class Type: | ADM |
| Portfolio Turnover: | 94% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 2.9 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): Pryshlak Mary (2023), Stone Max (2025), Turitsyn Konstantin (2025), Nogueira Jason(Jay) (2026), Holcomb Ann (2026), Polun Jason (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 836 |
| % in Top 10 Holdings: | 32.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.6% |
Portfolio Allocation |
|
| Domestic Stock: | 90.2% |
| Foreign Stock: | 2.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 7.2% |
Purchase Information
| Fund Family: | Vanguard |
| Phone Number: | 800-662-7447 |
| Website: | www.vanguard.com |
| Status: | Open |
| Inception Date: | May 14, 2001 |
| Min. Initial Purchase: | $50,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.28% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Vanguard Growth & Income Inv |
| Min. Subsequent Purchase: | $ 1 |
| Min. Subsequent IRA Purchase: | $ 0 |
