VHYAX

About VHYAX

Vanguard High Dividend Yield Index Fund Admiral Shares is a U.S. large- and mid-cap mutual fund designed to track the performance of the FTSE High Dividend Yield Index. Its primary purpose is to provide investors with access to a diversified portfolio of the highest-yielding U.S. dividend-paying stocks, specifically targeting established companies with a history of consistent and above-average dividend distributions. The fund’s selection process is robust and rules-based, focusing on the top half of the dividend-paying universe by projected yield, and applying buffer rules to minimize turnover and maintain yield consistency over time. By excluding real estate investment trusts (REITs), the fund aims for a broader representation of stable, income-generating equities across sectors such as financials, healthcare, consumer goods, and technology. With a portfolio typically holding more than 400 holdings and a significant presence in industry leaders, Vanguard High Dividend Yield Index Fund Admiral Shares offers exposure to large, profitable companies that help smooth out return volatility. This approach has historically delivered a competitive yield, strong risk-adjusted returns, and lower volatility relative to value-oriented benchmarks, making it a core holding for investors seeking income-oriented, diversified equity exposure.