Taxes

Qualified dividend income—2021 year-end figures

Tables show the percentage of 2021 dividend and net short-term capital gain distributions, by fund and share class, that are eligible for reduced tax rates as "qualified dividend income" (QDI). Equity and balanced funds are likely to distribute QDI to shareholders; money market and bond funds won't distribute QDI.

3 minute read

QDI-eligible amounts, including any net short-term capital gains, are reported to shareholders in Box 1b of Form 1099-DIV. For those shareholders who don't receive a Form 1099-DIV, QDI-eligible amounts can be determined by applying the relevant percentages from the table to the dividend and net short-term capital gain distributions shown on the shareholder's 2021 year-end account statement.

Note: Because of the unique reporting requirements for Vanguard Real Estate Index Fund, Vanguard has received an extension to mail Form 1099-DIV to shareholders by late February. As a result, QDI information for this fund won't be available until that time.

Fund name	QDI figures for dividends	QDI figures for short-term capital gains
Vanguard 500 Index Fund Admiral™ Shares	96.98%	0.00%
Vanguard 500 Index Fund Institutional Select Shares	96.98%	0.00%
Vanguard 500 Index Fund Investor Shares	96.98%	0.00%
Vanguard Advice Select Dividend Growth	100.00%	0.00%
Vanguard Advice Select Global Value	100.00%	0.00%
Vanguard Advice Select International Growth	0.00%	0.00%
Vanguard Alternative Strategy Fund Investor Shares	59.91%	0.00%
Vanguard Balanced Index Fund Admiral Shares	53.32%	0.00%
Vanguard Balanced Index Fund Institutional Shares	53.32%	0.00%
Vanguard Balanced Index Fund Investor Shares	53.32%	0.00%
Vanguard Capital Opportunity Fund Admiral Shares	100.00%	85.87%
Vanguard Capital Opportunity Fund Investor Shares	100.00%	85.87%
Vanguard Communication Services Index Fund Admiral Shares	100.00%	0.00%
Vanguard Communication Services Index Fund ETF Shares	100.00%	0.00%
Vanguard Consumer Discretionary Index Fund Admiral Shares	79.88%	0.00%
Vanguard Consumer Discretionary Index Fund ETF Shares	79.88%	0.00%
Vanguard Consumer Staples Index Fund Admiral Shares	100.00%	0.00%
Vanguard Consumer Staples Index Fund ETF Shares	100.00%	0.00%
Vanguard Developed Markets Index Fund Admiral Shares	71.85%	0.00%
Vanguard Developed Markets Index Fund Institutional Plus Shares	71.85%	0.00%
Vanguard Developed Markets Index Fund Institutional Shares	71.85%	0.00%
Vanguard Developed Markets Index Fund Investor Shares	71.85%	0.00%
Vanguard Diversified Equity Fund Investor Shares	100.00%	5.78%
Vanguard Dividend Appreciation Index Fund Admiral Shares	100.00%	0.00%
Vanguard Dividend Appreciation Index Fund ETF Shares	100.00%	0.00%
Vanguard Dividend Growth Fund Investor Shares	100.00%	32.18%
Vanguard Emerging Markets Select Stock Fund Investor Shares	73.28%	0.00%
Vanguard Emerging Markets Stock Index Fund Admiral Shares	37.91%	0.00%
Vanguard Emerging Markets Stock Index Fund ETF Shares	37.91%	0.00%
Vanguard Emerging Markets Stock Index Fund Institutional Plus Shares	37.91%	0.00%
Vanguard Emerging Markets Stock Index Fund Institutional Shares	37.91%	0.00%
Vanguard Emerging Markets Stock Index Fund Investor Shares	37.91%	0.00%
Vanguard Energy Fund Admiral Shares	100.00%	0.00%
Vanguard Energy Fund Investor Shares	100.00%	0.00%
Vanguard Energy Index Fund Admiral Shares	94.45%	0.00%
Vanguard Energy Index Fund ETF Shares	94.45%	0.00%
Vanguard Equity Income Fund Admiral Shares	100.00%	26.90%
Vanguard Equity Income Fund Investor Shares	100.00%	26.90%
Vanguard ESG International Stock ETF	63.04%	0.00%
Vanguard ESG U.S. Stock ETF	99.97%	0.00%
Vanguard Europe Stock Index Fund ETF Shares	84.76%	0.00%
Vanguard European Stock Index Fund Admiral Shares	84.76%	0.00%
Vanguard European Stock Index Fund Institutional Plus Shares	84.76%	0.00%
Vanguard European Stock Index Fund Institutional Shares	84.76%	0.00%
Vanguard European Stock Index Fund Investor Shares	84.76%	0.00%
Vanguard Explorer™ Fund Admiral Shares	100.00%	4.71%
Vanguard Explorer Fund Investor Shares	100.00%	4.71%
Vanguard Explorer Value Fund Investor Shares	100.00%	54.33%
Vanguard Extended Market Index Fund Admiral Shares	68.82%	0.00%
Vanguard Extended Market Index Fund ETF Shares	68.82%	0.00%
Vanguard Extended Market Index Fund Institutional Plus Shares	68.82%	0.00%
Vanguard Extended Market Index Fund Institutional Select Shares	68.82%	0.00%
Vanguard Extended Market Index Fund Institutional Shares	68.82%	0.00%
Vanguard Extended Market Index Fund Investor Shares	68.82%	0.00%
Vanguard Financials Index Fund Admiral Shares	97.38%	0.00%
Vanguard Financials Index Fund ETF Shares	97.38%	0.00%
Vanguard FTSE All-World ex-US Index Fund Admiral Shares	68.92%	0.00%
Vanguard FTSE All-World ex-US Index Fund ETF Shares	68.92%	0.00%
Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares	68.92%	0.00%
Vanguard FTSE All-World ex-US Index Fund Institutional Shares	68.92%	0.00%
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares	47.13%	0.00%
Vanguard FTSE All-World ex-US Small-Cap Index Fund ETF Shares	47.13%	0.00%
Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares	47.13%	0.00%
Vanguard FTSE Developed Markets ETF Shares	71.85%	0.00%
Vanguard FTSE Social Index Fund Admiral Shares	100.00%	0.00%
Vanguard FTSE Social Index Fund Institutional Shares	100.00%	0.00%
Vanguard Global Capital Cycles Fund Investor Shares	92.68%	0.00%
Vanguard Global Equity Fund Investor Shares	100.00%	29.10%
Vanguard Global ESG Select Stock Fund Admiral Shares	100.00%	24.17%
Vanguard Global ESG Select Stock Fund Investor Shares	100.00%	24.17%
Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares	9.94%	0.00%
Vanguard Global ex-U.S. Real Estate Index Fund ETF Shares	9.94%	0.00%
Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares	9.94%	0.00%
Vanguard Global Minimum Volatility Fund Admiral Shares	70.91%	0.00%
Vanguard Global Minimum Volatility Fund Investor Shares	70.91%	0.00%
Vanguard Global Wellesley® Income Admiral Shares	47.79%	0.00%
Vanguard Global Wellesley Income Investor Shares	47.79%	0.00%
Vanguard Global Wellington™ Admiral Shares	79.34%	0.00%
Vanguard Global Wellington Investor Shares	79.34%	0.00%
Vanguard Growth and Income Fund Admiral Shares	100.00%	5.09%
Vanguard Growth and Income Fund Investor Shares	100.00%	5.09%
Vanguard Growth Index Fund Admiral Shares	95.28%	0.00%
Vanguard Growth Index Fund ETF Shares	95.28%	0.00%
Vanguard Growth Index Fund Institutional Shares	95.28%	0.00%
Vanguard Growth Index Fund Investor Shares	95.28%	0.00%
Vanguard Health Care Fund Admiral Shares	100.00%	23.42%
Vanguard Health Care Fund Investor Shares	100.00%	23.42%
Vanguard Health Care Index Fund Admiral Shares	100.00%	0.00%
Vanguard Health Care Index Fund ETF Shares	100.00%	0.00%
Vanguard High Dividend Yield Index Fund Admiral Shares	100.00%	0.00%
Vanguard High Dividend Yield Index Fund ETF Shares	100.00%	0.00%
Vanguard Industrials Index Fund Admiral Shares	100.00%	0.00%
Vanguard Industrials Index Fund ETF Shares	100.00%	0.00%
Vanguard Information Technology Index Fund Admiral Shares	100.00%	0.00%
Vanguard Information Technology Index Fund ETF Shares	100.00%	0.00%
Vanguard Institutional Index Fund Institutional Plus Shares	97.50%	0.00%
Vanguard Institutional Index Fund Institutional Shares	97.50%	0.00%
Vanguard Institutional Target Retirement 2015 Fund	23.54%	0.00%
Vanguard Institutional Target Retirement 2020 Fund	36.17%	0.00%
Vanguard Institutional Target Retirement 2025 Fund	49.34%	0.00%
Vanguard Institutional Target Retirement 2030 Fund	57.05%	0.00%
Vanguard Institutional Target Retirement 2035 Fund	61.92%	0.00%
Vanguard Institutional Target Retirement 2040 Fund	66.56%	0.00%
Vanguard Institutional Target Retirement 2045 Fund	70.86%	0.00%
Vanguard Institutional Target Retirement 2050 Fund	71.76%	0.00%
Vanguard Institutional Target Retirement 2055 Fund	71.68%	0.00%
Vanguard Institutional Target Retirement 2060 Fund	71.62%	0.00%
Vanguard Institutional Target Retirement 2065 Fund	71.55%	0.00%
Vanguard Institutional Target Retirement Income Fund	21.57%	0.00%
Vanguard Institutional Total Stock Market Index Institutional Plus Shares	96.42%	0.00%
Vanguard Institutional Total Stock Market Index Institutional Shares	96.42%	0.00%
Vanguard International Core Stock Fund Admiral Shares	84.29%	0.00%
Vanguard International Core Stock Fund Investor Shares	84.29%	0.00%
Vanguard International Dividend Appreciation Index Fund Admiral Shares	77.78%	0.00%
Vanguard International Dividend Appreciation Index Fund ETF Shares	77.78%	0.00%
Vanguard International Explorer Fund Investor Shares	60.06%	0.00%
Vanguard International Growth Fund Admiral Shares	100.00%	0.00%
Vanguard International Growth Fund Investor Shares	100.00%	0.00%
Vanguard International High Dividend Yield Index Fund Admiral Shares	67.98%	0.00%
Vanguard International High Dividend Yield Index Fund ETF Shares	67.98%	0.00%
Vanguard International Value Fund Investor Shares	97.23%	0.00%
Vanguard Large-Cap Index Fund Admiral Shares	97.81%	0.00%
Vanguard Large-Cap Index Fund ETF Shares	97.81%	0.00%
Vanguard Large-Cap Index Fund Institutional Shares	97.81%	0.00%
Vanguard Large-Cap Index Fund Investor Shares	97.81%	0.00%
Vanguard LifeStrategy® Conservative Growth Fund Investor Shares	30.13%	0.00%
Vanguard LifeStrategy Growth Fund Investor Shares	61.08%	0.00%
Vanguard LifeStrategy Income Fund Investor Shares	14.38%	0.00%
Vanguard LifeStrategy Moderate Growth Fund Investor Shares	45.64%	0.00%
Vanguard Managed Allocation Fund	31.17%	0.00%
Vanguard Market Neutral Fund Institutional Shares	100.00%	0.00%
Vanguard Market Neutral Fund Investor Shares	100.00%	0.00%
Vanguard Materials Index Fund Admiral Shares	100.00%	0.00%
Vanguard Materials Index Fund ETF Shares	100.00%	0.00%
Vanguard Mega Cap Growth Index Fund ETF Shares	100.00%	0.00%
Vanguard Mega Cap Growth Index Fund Institutional Shares	100.00%	0.00%
Vanguard Mega Cap Index Fund ETF Shares	100.00%	0.00%
Vanguard Mega Cap Index Fund Institutional Shares	100.00%	0.00%
Vanguard Mega Cap Value Index Fund ETF Shares	100.00%	0.00%
Vanguard Mega Cap Value Index Fund Institutional Shares	100.00%	0.00%
Vanguard Mid-Cap Growth Fund Investor Shares	100.00%	3.74%
Vanguard Mid-Cap Growth Index Fund Admiral Shares	91.45%	0.00%
Vanguard Mid-Cap Growth Index Fund ETF Shares	91.45%	0.00%
Vanguard Mid-Cap Growth Index Fund Investor Shares	91.45%	0.00%
Vanguard Mid-Cap Index Fund Admiral Shares	81.34%	0.00%
Vanguard Mid-Cap Index Fund ETF Shares	81.34%	0.00%
Vanguard Mid-Cap Index Fund Institutional Plus Shares	81.34%	0.00%
Vanguard Mid-Cap Index Fund Institutional Shares	81.34%	0.00%
Vanguard Mid-Cap Index Fund Investor Shares	81.34%	0.00%
Vanguard Mid-Cap Value Index Fund Admiral Shares	88.30%	0.00%
Vanguard Mid-Cap Value Index Fund ETF Shares	88.30%	0.00%
Vanguard Mid-Cap Value Index Fund Investor Shares	88.30%	0.00%
Vanguard Pacific Stock Index Fund Admiral Shares	65.33%	0.00%
Vanguard Pacific Stock Index Fund ETF Shares	65.33%	0.00%
Vanguard Pacific Stock Index Fund Institutional Shares	65.33%	0.00%
Vanguard Pacific Stock Index Fund Investor Shares	65.33%	0.00%
Vanguard PRIMECAP Core Fund Investor Shares	100.00%	100.00%
Vanguard PRIMECAP Fund Admiral Shares	100.00%	87.53%
Vanguard PRIMECAP Fund Investor Shares	100.00%	87.53%
Vanguard Russell 1000 Growth Index Fund ETF Shares	100.00%	0.00%
Vanguard Russell 1000 Growth Index Fund Institutional Shares	100.00%	0.00%
Vanguard Russell 1000 Index Fund ETF Shares	98.38%	0.00%
Vanguard Russell 1000 Index Fund Institutional Shares	98.38%	0.00%
Vanguard Russell 1000 Value Index Fund ETF Shares	98.37%	0.00%
Vanguard Russell 1000 Value Index Fund Institutional Shares	98.37%	0.00%
Vanguard Russell 2000 Growth Index Fund ETF Shares	91.23%	0.00%
Vanguard Russell 2000 Growth Index Fund Institutional Shares	91.23%	0.00%
Vanguard Russell 2000 Index Fund ETF Shares	74.25%	0.00%
Vanguard Russell 2000 Index Fund Institutional Shares	74.25%	0.00%
Vanguard Russell 2000 Value Index Fund ETF Shares	74.43%	0.00%
Vanguard Russell 2000 Value Index Fund Institutional Shares	74.43%	0.00%
Vanguard Russell 3000 Index Fund ETF Shares	96.84%	0.00%
Vanguard Russell 3000 Index Fund Institutional Shares	96.84%	0.00%
Vanguard S&P 500 Fund ETF Shares	96.98%	0.00%
Vanguard S&P 500 Growth Index Fund ETF Shares	100.00%	0.00%
Vanguard S&P 500 Growth Index Fund Institutional Shares	100.00%	0.00%
Vanguard S&P 500 Value Index Fund ETF Shares	100.00%	0.00%
Vanguard S&P 500 Value Index Fund Institutional Shares	100.00%	0.00%
Vanguard S&P Mid-Cap 400 Growth Index Fund ETF Shares	100.00%	0.00%
Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares	100.00%	0.00%
Vanguard S&P Mid-Cap 400 Index Fund ETF Shares	85.21%	0.00%
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares	85.21%	0.00%
Vanguard S&P Mid-Cap 400 Value Index Fund ETF Shares	79.31%	0.00%
Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares	79.31%	0.00%
Vanguard S&P Small-Cap 600 Growth Index Fund ETF Shares	95.42%	0.00%
Vanguard S&P Small-Cap 600 Growth Index Fund Institutional Shares	95.42%	0.00%
Vanguard S&P Small-Cap 600 Index Fund ETF Shares	81.31%	0.00%
Vanguard S&P Small-Cap 600 Index Fund Institutional Shares	81.31%	0.00%
Vanguard S&P Small-Cap 600 Value Index Fund ETF Shares	80.56%	0.00%
Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares	80.56%	0.00%
Vanguard Selected Value Fund Investor Shares	100.00%	21.20%
Vanguard Small-Cap Growth Index Fund Admiral Shares	96.17%	0.00%
Vanguard Small-Cap Growth Index Fund ETF Shares	96.17%	0.00%
Vanguard Small-Cap Growth Index Fund Institutional Shares	96.17%	0.00%
Vanguard Small-Cap Growth Index Fund Investor Shares	96.17%	0.00%
Vanguard Small-Cap Index Fund Admiral Shares	81.65%	0.00%
Vanguard Small-Cap Index Fund ETF Shares	81.65%	0.00%
Vanguard Small-Cap Index Fund Institutional Plus Shares	81.65%	0.00%
Vanguard Small-Cap Index Fund Institutional Shares	81.65%	0.00%
Vanguard Small-Cap Index Fund Investor Shares	81.65%	0.00%
Vanguard Small-Cap Value Index Fund Admiral Shares	84.81%	0.00%
Vanguard Small-Cap Value Index Fund ETF Shares	84.81%	0.00%
Vanguard Small-Cap Value Index Fund Institutional Shares	84.81%	0.00%
Vanguard Small-Cap Value Index Fund Investor Shares	84.81%	0.00%
Vanguard STAR® Fund Investor Shares	57.39%	0.00%
Vanguard Strategic Equity Fund Investor Shares	92.27%	0.00%
Vanguard Strategic Small-Cap Equity Fund Investor Shares	94.34%	0.00%
Vanguard Target Retirement 2015 Fund	19.87%	0.00%
Vanguard Target Retirement 2020 Fund	31.10%	0.00%
Vanguard Target Retirement 2025 Fund	42.76%	0.00%
Vanguard Target Retirement 2030 Fund	49.82%	0.00%
Vanguard Target Retirement 2035 Fund	55.93%	0.00%
Vanguard Target Retirement 2040 Fund	61.84%	0.00%
Vanguard Target Retirement 2045 Fund	68.20%	0.00%
Vanguard Target Retirement 2050 Fund	69.47%	0.00%
Vanguard Target Retirement 2055 Fund	69.55%	0.00%
Vanguard Target Retirement 2060 Fund	69.59%	0.00%
Vanguard Target Retirement 2065 Fund	69.39%	0.00%
Vanguard Target Retirement Income Fund	18.06%	0.00%
Vanguard Tax-Managed Balanced Fund Admiral Shares	100.00%	0.00%
Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	100.00%	0.00%
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares	100.00%	0.00%
Vanguard Tax-Managed Small-Cap Fund Admiral Shares	85.82%	0.00%
Vanguard Tax-Managed Small-Cap Fund Institutional Shares	85.82%	0.00%
Vanguard Total International Stock Index Fund Admiral Shares	64.53%	0.00%
Vanguard Total International Stock Index Fund ETF Shares	64.53%	0.00%
Vanguard Total International Stock Index Fund Institutional Plus Shares	64.53%	0.00%
Vanguard Total International Stock Index Fund Institutional Select Shares	64.53%	0.00%
Vanguard Total International Stock Index Fund Institutional Shares	64.53%	0.00%
Vanguard Total International Stock Index Fund Investor Shares	64.53%	0.00%
Vanguard Total Stock Market Index Fund Admiral Shares	95.43%	0.00%
Vanguard Total Stock Market Index Fund ETF Shares	95.43%	0.00%
Vanguard Total Stock Market Index Fund Institutional Plus Shares	95.43%	0.00%
Vanguard Total Stock Market Index Fund Institutional Select Shares	95.43%	0.00%
Vanguard Total Stock Market Index Fund Institutional Shares	95.43%	0.00%
Vanguard Total Stock Market Index Fund Investor Shares	95.43%	0.00%
Vanguard Total World Stock Index Fund Admiral Shares	85.34%	0.00%
Vanguard Total World Stock Index Fund ETF Shares	85.34%	0.00%
Vanguard Total World Stock Index Fund Institutional Shares	85.34%	0.00%
Vanguard U.S Multifactor Fund Admiral Shares	100.00%	0.00%
Vanguard U.S. Growth Fund Admiral Shares	100.00%	10.57%
Vanguard U.S. Growth Fund Investor Shares	100.00%	10.57%
Vanguard U.S. Liquidity Factor ETF	100.00%	0.00%
Vanguard U.S. Minimum Volatility ETF	100.00%	0.00%
Vanguard U.S. Momentum Factor ETF	100.00%	0.00%
Vanguard U.S. Multifactor ETF	100.00%	0.00%
Vanguard U.S. Quality Factor ETF	100.00%	0.00%
Vanguard U.S. Value Factor ETF	100.00%	0.00%
Vanguard U.S. Value Fund Investor Shares	100.00%	0.00%
Vanguard Utilities Index Fund Admiral Shares	100.00%	0.00%
Vanguard Utilities Index Fund ETF Shares	100.00%	0.00%
Vanguard Value Index Fund Admiral Shares	100.00%	0.00%
Vanguard Value Index Fund ETF Shares	100.00%	0.00%
Vanguard Value Index Fund Institutional Shares	100.00%	0.00%
Vanguard Value Index Fund Investor Shares	100.00%	0.00%
Vanguard Wellesley Income Fund Admiral Shares	44.41%	0.00%
Vanguard Wellesley Income Fund Investor Shares	44.41%	0.00%
Vanguard Wellington Fund Admiral Shares	60.84%	0.00%
Vanguard Wellington Fund Investor Shares	60.84%	0.00%
Vanguard Windsor™ Fund Admiral Shares	100.00%	0.42%
Vanguard Windsor Fund Investor Shares	100.00%	0.42%
Vanguard Windsor II Fund Admiral Shares	100.00%	19.99%
Vanguard Windsor II Fund Investor Shares	100.00%	19.99%

Additional resources

How to be a tax-savvy investor

View your personal tax forms

View my tax forms

View your personal tax forms

View my tax forms

Taxes

Offsetting gains through tax-loss harvesting

Even in the storm clouds of investment losses, there's a silver lining.

Education

Taxes on investments

All investing is subject to risk, including the possible loss of the money you invest.