Fund Evaluator:
Vanguard Dividend Growth Inv (VDIGX)
Follow This Fund
Best Performing in Large Blend Over the Last Year
| 67.3% | PRIMECAP Odyssey Growth (POGRX) |
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| 58.7% | Vanguard PRIMECAP Adm (VPMAX) |
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| 51.1% | PRIMECAP Odyssey Stock (POSKX) |
Fund Details
Vanguard Dividend Growth Inv Overview
Vanguard Dividend Growth Inv (VDIGX) is an actively managed U.S. Equity Large Blend fund. Vanguard launched the fund in 1992.
The investment seeks to provide, primarily, a growing stream of income over time and, secondarily, long-term capital appreciation and current income. The fund employs an active management approach, investing primarily in stocks that tend to offer current dividends. The fund invests at least 80% of its net assets in dividend growth stocks. The fund focuses on high-quality companies that have prospects for long-term total returns as a result of their ability to grow earnings and their willingness to increase dividends over time. The fund seeks to be diversified across industry sectors.
About Vanguard Dividend Growth Inv (VDIGX)
There are 1 members of the management team with an average tenure of 4.00 years: Peter Fisher (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: DJ US Total Stock Market TR USD index with a weighting of 100% and S&P US Dividend Growers TR USD index with a weighting of 100%. Vanguard Dividend Growth Inv has 66 securities in its portfolio. The top 10 holdings constitute 35.8% 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 Dividend Growth Inv is part of the Equity global asset class and is within the U.S. Equity fund group. Vanguard Dividend Growth Inv has 4.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.2%. There is 4.6% 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 Dividend Growth Inv has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $36 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.
VDIGX 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 Dividend Growth Inv expense ratio is below average compared to funds in the Large Blend category. Vanguard Dividend Growth Inv has an expense ratio of 0.20%, which is 75% 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 Dividend Growth Inv has a portfolio turnover rate of 40%, 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 June 2026, Vanguard Dividend Growth Inv returned 0.9%, which earned it a grade of A, as the Large Blend category had an average return of -0.2%. 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 Dividend Growth Inv has a trailing yield of 1.35%, which is above the 0.56% category average.
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 Dividend Growth Inv Grades
Year to date, the fund has returned 3.7%, 5.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 8.4% over the past year (grade of F), 8.5% over the past three years (grade of F) and 7.2% per year over the past five years (grade of F) and 10.9% per year over the past 10 years (grade of F).
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VDIGX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VDIGX Return (NAV) | 0.9% | 9.2% | 8.4% | 8.5% | 7.2% | 10.9% |
| VDIGX Grade | A | F | F | F | F | F |
| +/- Category | 1.1% | -4.6% | -11.1% | -10.0% | -4.4% | -3.2% |
| Large Blend Avg | -0.2% | 13.8% | 19.5% | 18.5% | 11.6% | 14.1% |
| VDIGX Tax Cost Ratio | na | na | 5.2% | 3.0% | 2.3% | 1.8% |
VDIGX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VDIGX Return (NAV) | 3.7% | 8.3% | 9.0% | 8.1% | -4.9% | 24.8% | 12.1% | 30.9% | 0.2% | 19.3% | 7.5% |
| VDIGX Grade | F | F | F | F | A | D | F | B | A | F | F |
| +/- Category | -5.3% | -7.6% | -13.1% | -15.6% | 12.4% | -1.7% | -5.4% | 1.1% | 6.1% | -1.9% | -2.7% |
| Large Blend Avg | 9.0% | 15.9% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 10.5% |
| Total Risk Index: | 0.86 - Average |
| Category Risk Index: | 0.79 - Low |
| Category Risk Grade: | A (2% Rank) |
| Beta: | 0.66 |
| R-Squared: | 69% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.4% |
| Dividend Distribution: | |
| Cap Gains Distribution: | |
| Total Assets: | $36393 Mil |
| Fund Total Assets: | $36,394 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 40% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 4.0 years | |||
| Average Tenure: 4.0 years | |||
| Managers (Year): Fisher Peter (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 66 |
| % in Top 10 Holdings: | 35.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.6% |
Portfolio Allocation |
|
| Domestic Stock: | 95.2% |
| Foreign Stock: | 4.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Fund Family: | Vanguard |
| Phone Number: | 800-662-7447 |
| Website: | www.vanguard.com |
| Status: | Open |
| Inception Date: | May 15, 1992 |
| Min. Initial Purchase: | $3,000 |
| 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 (%): | 0.20% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Vanguard Dividend Growth Inv |
| Min. Subsequent Purchase: | $ 1 |
| Min. Subsequent IRA Purchase: | $ 0 |
