NAV
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VGELX Vanguard Energy Fund Admiral Shares
Also available at a lower minimum as an Investor Shares mutual fund.
Management style
Active
Asset class
Domestic Stock - Sector-Specific
Category
Equity Energy
Risk / reward scale
5
Less
More
Investment minimum
$50,000
as of 07/17/2025
NAV price
$90.48
as of 07/17/2025
Overview
Key facts
CUSIP | 921908802 |
|---|---|
Management style | Active |
Asset class | Domestic Stock - Sector-Specific |
Category | Equity Energy |
Inception date | 11/12/2001 |
Fund Number | 0551 |
Price
Minimum Investment
$50,000
NAV Price
$90.48
as of 07/17/2025
NAV change
as of 07/17/2025
Performance
YTD returns
12.00%
as of 07/17/2025
Product summary
This actively managed fund offers investors low-cost exposure to U.S. and non-U.S. companies that are principally engaged in energy-related activities, such as production and transmission of energy or energy fuels, the making of component products for such activities, energy research, and energy conservation or pollution control. In addition, the fund may be invested up to 100% in foreign securities, which can be more volatile than domestic holdings. Returns may vary widely from year-to-year, so this fund may be considered complementary to a diversified portfolio with a long-term time horizon.
Fund management
Wellington Management Company LLP
Performance & fees
Total returns
as of 06/30/2025
Recent returns
Average annual
| Month-end | 3-Month total | YTD | 1-yr | 3-yr | 5-yr | 10-yr | Since inception 11/12/2001 | |
|---|---|---|---|---|---|---|---|---|
VGELX | 3.95% | 1.73% | 12.13% | 14.15% | 15.51% | 16.66% | 4.41% | 7.98% |
| 3.56% | 0.87% | 9.08% | 7.21% | 9.43% | 10.91% | 1.76% | 4.92% |
as of 06/30/2025
| Year | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-end | |
|---|---|---|---|---|---|---|
| 2025 | 10.22% | 1.73% | — | — | — | — |
| 2024 | 6.43% | 2.13% | 5.26% | -3.28% | 10.67% | 5.45% |
| 2023 | -1.16% | 1.55% | 5.30% | 2.99% | 8.85% | 3.29% |
| 2022 | 14.13% | -4.93% | -0.84% | 15.06% | 23.80% | 16.40% |
| 2021 | 10.95% | 5.72% | 2.35% | 6.44% | 27.79% | 23.04% |
| 2020 | -41.04% | 16.11% | -10.98% | 13.57% | -30.79% | -34.83% |
| 2019 | 15.17% | -1.56% | -5.77% | 6.05% | 13.29% | 12.78% |
| 2018 | -2.40% | 8.98% | 1.67% | -23.32% | -17.08% | -13.25% |
| 2017 | -3.99% | -6.15% | 7.65% | 6.45% | 3.26% | 6.77% |
| 2016 | 7.84% | 12.41% | 4.18% | 5.46% | 33.18% | 27.66% |
| 2015 | -1.56% | -0.99% | -18.85% | -0.68% | -21.44% | -22.20% |
as of 12/31/2024
| Year | Capital return by NAV | Income return by NAV | Total return by NAV | |
|---|---|---|---|---|
| 2024 | 6.80% | 3.87% | 10.67% | 5.45% |
| 2023 | 4.50% | 4.36% | 8.85% | 3.29% |
| 2022 | 18.18% | 5.62% | 23.80% | 16.40% |
| 2021 | 23.21% | 4.58% | 27.79% | 23.04% |
| 2020 | -33.83% | 3.05% | -30.79% | -34.83% |
| 2019 | 9.57% | 3.72% | 13.29% | 12.78% |
| 2018 | -19.49% | 2.41% | -17.08% | -13.25% |
| 2017 | 0.13% | 3.13% | 3.26% | 6.77% |
| 2016 | 30.70% | 2.48% | 33.18% | 27.66% |
| 2015 | -23.47% | 2.02% | -21.44% | -22.20% |
| 2014 | -16.06% | 1.84% | -14.22% | -13.47% |
| 2013 | 15.85% | 2.37% | 18.22% | 13.60% |
| 2012 | 0.35% | 2.38% | 2.73% | 2.47% |
| 2011 | -3.53% | 1.85% | -1.68% | -3.00% |
| 2010 | 11.73% | 1.76% | 13.49% | 16.48% |
as of 06/30/2025
| 1-yr | 3-yr | 5-yr | 10-yr | Since inception 11/12/2001 | |
|---|---|---|---|---|---|
| VGELX | 14.15% | 54.11% | 116.07% | 54.01% | 513.47% |
| 7.21% | 31.04% | 67.84% | 19.08% | — |
Expense ratio
VGELX
0.37%
Average expense ratio of similar funds2
0.97%
Fund-specific fees
Purchase fee
None
Fund family redemption fee
None
None
The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.
Performance data do not reflect the deduction of the $25 annual account service fee that may be applied to certain accounts. If this fee was included, performance would be lower.
Price
Closing price
Closing price as of 07/17/2025
NAV change
52-week High
$99.43
as of 11/21/2024
52-week Low
$78.53
as of 04/08/2025
52-week Difference
$20.90 (26.61%)
Historical prices
| Name | Date | NAV |
|---|---|---|
| VGELX | 07/17/2025 | $90.48 |
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Portfolio composition
Characteristics
as of 06/30/2025
| Fundamental | VGELX | |
|---|---|---|
| Number of stocks | 43 | 234 |
| Median market cap | $71.2 B | $65.3 B |
| Earnings growth rate | 18.0% | 18.0% |
| Short-term reserves | 1.1% | — |
| P/E ratio | 15.8x | 15.3x |
| P/B ratio | 1.8x | 1.8x |
| Turnover rate (Fiscal Year-end 01/31/2025) | 36.2% | — |
| Return on equity | 11.2% | 11.1% |
| Foreign holdings | 38.7% | — |
| Fund total net assets as of 06/30/2025 | $5.9 B | — |
| Share class total net assets | $4.1 B | — |
Weighted exposures
as of 06/30/2025
Weighted equity exposures exclude any temporary cash investments and equity index futures. Some short-term fixed income securities are classified as cash and are excluded from the weighted bond exposures.
Holding details
as of 03/31/2025
| Ticker | Holdings | Shares | Market value |
|---|---|---|---|
| XOM | Exxon Mobil Corp. | 4,441,900 | $528,275,167 |
| SHEL | Shell plc | 8,961,453 | $326,199,464 |
| WMB | Williams Cos. Inc. | 4,370,883 | $261,203,968 |
| CVX | Chevron Corp. | 1,477,237 | $247,126,978 |
| SHEL | Shell plc ADR | 3,293,997 | $241,384,100 |
| ENGI | Engie SA | 12,335,948 | $240,375,987 |
| TTE | TotalEnergies SE | 3,676,373 | $236,879,471 |
| DUK | Duke Energy Corp. | 1,852,474 | $225,946,254 |
| AEP | American Electric Power Co. Inc. | 2,048,847 | $223,877,512 |
| SO | Southern Co. | 2,422,657 | $222,763,311 |
| Ticker | Holdings | Shares | Market value |
|---|---|---|---|
| XOM | Exxon Mobil Corp. | 4,441,900 | $528,275,167 |
| SHEL | Shell plc | 8,961,453 | $326,199,464 |
| WMB | Williams Cos. Inc. | 4,370,883 | $261,203,968 |
| CVX | Chevron Corp. | 1,477,237 | $247,126,978 |
| SHEL | Shell plc ADR | 3,293,997 | $241,384,100 |
| ENGI | Engie SA | 12,335,948 | $240,375,987 |
| TTE | TotalEnergies SE | 3,676,373 | $236,879,471 |
| DUK | Duke Energy Corp. | 1,852,474 | $225,946,254 |
| AEP | American Electric Power Co. Inc. | 2,048,847 | $223,877,512 |
| SO | Southern Co. | 2,422,657 | $222,763,311 |
| Ticker | Holdings | Shares | Market value |
|---|---|---|---|
| XOM | Exxon Mobil Corp. | 4,441,900 | $528,275,167 |
| SHEL | Shell plc | 8,961,453 | $326,199,464 |
| WMB | Williams Cos. Inc. | 4,370,883 | $261,203,968 |
| CVX | Chevron Corp. | 1,477,237 | $247,126,978 |
| SHEL | Shell plc ADR | 3,293,997 | $241,384,100 |
| ENGI | Engie SA | 12,335,948 | $240,375,987 |
| TTE | TotalEnergies SE | 3,676,373 | $236,879,471 |
| DUK | Duke Energy Corp. | 1,852,474 | $225,946,254 |
| AEP | American Electric Power Co. Inc. | 2,048,847 | $223,877,512 |
| SO | Southern Co. | 2,422,657 | $222,763,311 |
Distributions
Realized/Unrealized gains
as of 06/30/2025
Realized gain
$0.56
% of NAV
Unrealized gains of NAV
$20.14
% of NAV
Fiscal year end
01/31/2025
Distribution schedule
Annually
How your fund can affect your taxes
A fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.
Learn about realized and unrealized gains and lossesHow your fund can affect your taxes
A fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.
Learn about realized and unrealized gains and lossesDividend income and capital gains
Distribution yields are not available for products with less than 12 months of distribution history.
Fund management
Vanguard Energy Fund seeks long-term capital appreciation. The advisor, Wellington, invests in a portfolio of stocks broadly representative of the energy industry, as defined in the fund’s prospectus. The portfolio typically includes large- and mid-capitalization stocks of companies in traditional energy segments, such as oil and natural gas; newer segments, such as geothermal and solar power; and industries associated with energy and related products worldwide as defined in the fund’s prospectus. The investment team at Wellington Management Company LLP, uses a bottom-up approach, in which stocks are chosen based on the advisor’s estimates of fundamental investment value. The investment team includes experienced industry analysts who identify companies that offer significant potential for capital appreciation and possess high-quality earnings sustainable through cyclical market fluctuations. The advisor’s investment process emphasizes company fundamentals, management track record, and security valuation.
Wellington Management Company LLP
Founded in 1928, Wellington Management Company LLP, Boston, Massachusetts, is among the nation’s oldest and most respected institutional investment managers. The firm has advised Vanguard Energy Fund since 1984.
Investment Manager Biography
G. Thomas Levering
Senior Managing Director, Partner, and Global Industry Analyst Portfolio manager.
Advised the fund since 2020. Worked in investment management since 2001. A.B., Harvard University. M.B.A., The Wharton School of the University of Pennsylvania.
Wellington Management Company
Wellington Management Company CEO Jean Hynes describes how the firm's collaborative culture, private ownership model and global investment resources help set it apart.
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View transcriptVideo length: 2:00
Fund literature
Performance & fees
1
S&P 500 Index through November 30, 2000; S&P Energy Sector Index through May 31, 2010; MSCI All Country World Energy Index through October 20, 2020; MSCI All Country World Energy + Utilities Index thereafter.
2
Most recent data available. © 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) does not constitute investment advice offered by Morningstar; and (4) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
3
R-squared and beta are calculated from trailing 36-month fund returns relative to the associated benchmark.
Portfolio composition
4
Sector categories are based on the Global Industry Classification Standard (“GICS”), except for the “Other” category (if applicable), which includes securities that have not been provided a GICS classification as of the effective reporting period.
© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Vanguard average mutual fund expense ratio: 0.09%. Industry average mutual fund expense ratio: 0.50%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2023.
Total returns: Short-term total return information is provided only as a service. Historical performance—particularly short-term performance—is no guarantee of future returns. Price, yield, and return on an actual investment will fluctuate, and you may have a gain or loss when you sell. Average annual returns include changes in price and reinvestments of dividends and capital gains. Since-inception returns for less than 1 year and year-to-date returns aren't annualized. Index performance is provided as a benchmark but isn't illustrative of any particular investment. You can't invest in an index.
Standardized returns: To see quarterly fee-adjusted returns, refer to the Price & Performance details.
Expense ratios: Expense ratios are displayed on Overview. For investments that are less than 1 fiscal year old, expense ratios are estimated.
Risk: All investing is subject to risk, including the possible loss of the money you invest. Funds that concentrate on a relatively narrow market sector face the risk of higher share-price volatility. Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk.
An investment in the fund could lose money over short or long periods of time. You should expect the fund’s share price and total return to fluctuate within a wide range. The fund is subject to the following risks, which could affect the fund’s performance:
- Industry concentration risk, which is the chance that there will be particular problems affecting an entire industry. Any fund that concentrates in a particular industry will generally be more volatile than a fund that invests more broadly. Because the fund normally invests at least 80% of its assets in the common stocks of companies principally engaged in activities in the energy industry, the fund’s performance largely depends—for better or for worse—on the overall condition of the energy industry. The energy industry could be adversely affected by energy prices, supply-and-demand for energy resources, and various political, regulatory, and economic factors. Additionally, commodity prices may have a significant impact on the stock prices of energy companies.
- Stock market risk, which is the chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices. The fund’s investments in foreign stocks can be riskier than U.S. stock investments. Foreign stocks may be more volatile and less liquid than U.S. stocks. The prices of foreign stocks and the prices of U.S. stocks may move in opposite directions.
- Manager risk, which is the chance that poor security selection will cause the fund to underperform relevant benchmarks or other funds with a similar investment objective.
- Country risk, which is the chance that world events—such as political upheaval, financial troubles, or natural disasters—will adversely affect the value of securities issued by companies in foreign countries.
- Currency risk, which is the chance that the value of a foreign investment, measured in U.S. dollars, will decrease because of unfavorable changes in currency exchange rates.
- Asset concentration risk, which is the chance that, because the fund tends to invest a high percentage of assets in its ten largest holdings, the fund’s performance may be hurt disproportionately by the poor performance of relatively few stocks.
- Nondiversification risk, which is the chance that the fund’s performance may be hurt disproportionately by the poor performance of relatively few stocks or even a single stock. The fund is considered nondiversified, which means that it may invest a greater percentage of its assets in the securities of particular issuers as compared with diversified mutual funds.