VTSAX Vanguard Total Stock Market Index Fund Admiral Shares

Also available as an ETF (starting at the price of $1).

Management style

Index

Asset class

Domestic Stock - General

Category

Large Blend

Risk / reward scale

Start of Risk Scale. On a scale of 1 to 5, 1 is less risk less reward, 5 is more risk more reward
The fund risk level is a 4

Less

More

End of Risk Scale.

Expense ratio

0.04%

as of 04/26/2024

as of 01/31/2025

Investment minimum

$3,000

as of 02/18/2025

NAV price

$147.36

as of 02/18/2025

Overview

Key facts

CUSIP

922908728

Management style

Index

Asset class

Domestic Stock - General

Category

Large Blend

Inception date

11/13/2000

Fund Number

0585

Ratings

Risk / reward scale

Start of Risk Scale. On a scale of 1 to 5, 1 is less risk less reward, 5 is more risk more reward
The fund risk level is a 4

Less

More

End of Risk Scale.
Price

Minimum Investment

$3,000

NAV Price

$147.36

as of 02/18/2025

NAV change

increased$0.41 (0.28%)

as of 02/18/2025

Expense Ratio

0.04%

as of 04/26/2024

Performance

YTD returns

4.49%

as of 02/18/2025

Product summary

Created in 1992, Vanguard Total Stock Market Index Fund is designed to provide investors with exposure to the entire U.S. equity market, including small-, mid-, and large-cap growth and value stocks. The fund’s key attributes are its low costs, broad diversification, and the potential for tax efficiency. Investors looking for a low-cost way to gain broad exposure to the U.S. stock market who are willing to accept the volatility that comes with stock market investing may wish to consider this fund as either a core equity holding or your only domestic stock fund.

With respect to 75% of its total assets, the fund may not: (1) purchase more than 10% of the outstanding voting securities of any one issuer or (2) purchase securities of any issuer if, as a result, more than 5% of the fund’s total assets would be invested in that issuer’s securities; except as may be necessary to approximate the composition of its target index. This limitation does not apply to obligations of the U.S. government or its agencies or instrumentalities.

Fund management

Vanguard Equity Index Group

Performance & fees

Total returns
Month-end/Quarterly Pre-Tax Toggle

as of 01/31/2025

Recent returns

Average annual

Month-end3-Month totalYTD1-yr3-yr5-yr10-yr

Since inception

11/13/2000

VTSAX

3.09%6.60%3.09%26.16%11.24%14.51%13.15%8.62%

Benchmark

3.10%6.61%3.10%26.20%11.26%14.52%13.16%8.64%

as of 12/31/2024

Year1st Qtr2nd Qtr3rd Qtr4th QtrYear-end

Benchmark

2025
202410.00%3.25%6.17%2.62%23.74% 23.77%
20237.16%8.41%-3.29%12.16%26.01% 25.98%
2022-5.46%-16.85%-4.46%7.14%-19.53% -19.49%
20216.43%8.28%-0.07%9.16%25.71% 25.72%
2020-20.87%22.08%9.20%14.69%20.99% 20.99%
201914.04%4.09%1.09%9.01%30.80% 30.84%
2018-0.60%3.91%7.09%-14.26%-5.17% -5.17%
20175.79%3.03%4.54%6.34%21.17% 21.19%
20160.94%2.69%4.40%4.12%12.66% 12.68%
20151.79%0.08%-7.27%6.26%0.39% 0.40%

as of 12/31/2024

Year

Capital return by NAV

Income return by NAV

Total return by NAV

Benchmark

202422.11% 1.63%23.74%23.77%
202324.05% 1.96%26.01%25.98%
2022-20.81% 1.28%-19.53%-19.49%
202124.09% 1.63%25.71%25.72%
202018.89% 2.10%20.99%20.99%
201928.35% 2.46%30.80%30.84%
2018-6.94% 1.77%-5.17%-5.17%
201718.97% 2.20%21.17%21.19%
201610.42% 2.25%12.66%12.68%
2015-1.57% 1.96%0.39%0.40%
201410.52% 2.04%12.56%12.58%
201330.97% 2.56%33.52%33.51%
201213.90% 2.49%16.38%16.44%
2011-0.86% 1.94%1.08%1.08%
201015.01% 2.25%17.26%17.28%

as of 01/31/2025

1-yr3-yr5-yr10-yr

Since inception

11/13/2000

VTSAX26.16% 37.66%96.90% 244.00% 640.44%

Benchmark

26.20%37.72%97.00%244.42%

Expense ratio

VTSAX

0.04%

Average expense ratio of similar funds2

0.77%

Historical volatility measures
as of 01/31/2025
BenchmarkR-Squared3Beta3
Spliced Total Stock Market Index11.001.00
Dow Jones U.S. Total Stock Market Index1.001.00
Fund-specific fees

Purchase fee

None

Fund family redemption fee

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 02/18/2025

NAV

$147.36

NAV change

increased$0.41 (0.28%)

52-week High

$147.36

as of 02/18/2025

52-week Low

$119.39

as of 04/19/2024

52-week Difference

$27.97 (23.43%)

30 day SEC yield

1.17%

 

B SEC yield footnote code

 

as of 01/31/2025

Historical prices
Chart/Table Toggle
NameDateNAV
VTSAX 02/18/2025
$147.36

This chart can’t be displayed on mobile devices. For the best viewing experience, visit this page from your desktop or laptop.

Portfolio composition

Characteristics

as of 01/31/2025

FundamentalVTSAX
Benchmark
Number of stocks 3615 3582
Median market cap $206.9 B $206.9 B
Earnings growth rate 18.2% 18.2%
Short-term reserves
P/E ratio 26.8x 26.8x
P/B ratio 4.5x 4.5x
Turnover rate (Fiscal Year-end 12/31/2024) 2.2%
Return on equity 23.0% 23.0%
Foreign holdings 0.2%
Fund total net assets as of 01/31/2025 $1.8 T
Share class total net assets $417.6 B
Stylebox

Equity

Market Captialization Large Investment Style Blend

Weighted exposures

as of 01/31/2025

1.50%Basic Materials
Sectors4VTSAX Benchmark Benchmark+/- Weight Basic Materials1.50%1.50%0.00%Consumer Discretionary15.40%15.40%0.00%Consumer Staples3.80%3.80%0.00%Energy3.40%3.40%0.00%Financials11.70%11.70%0.00%Health Care10.40%10.40%0.00%Industrials12.80%12.80%0.00%Real Estate2.50%2.50%0.00%Technology34.00%34.00%0.00%Telecommunications1.90%1.90%0.00%Utilities2.60%2.60%0.00%

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 01/31/2025

Ticker Holdings Shares Market value
AAPL Apple Inc. 475,152,725 $112,136,043,100
MSFT Microsoft Corp. 233,711,388 $97,004,248,703
NVDA NVIDIA Corp. 731,328,540 $87,810,617,798
AMZN Amazon.com Inc. 297,475,860 $70,704,062,405
META Facebook Inc. Class A 68,525,392 $47,226,329,659
GOOGL Alphabet Inc. Class A 183,679,145 $37,474,219,163
TSLA Tesla Inc. 85,768,893 $34,702,094,108
AVGO Broadcom Inc. 146,814,928 $32,485,739,119
GOOG Alphabet Inc. Class C 147,850,010 $30,397,962,056
BRK.B Berkshire Hathaway Inc. Class B 55,642,513 $26,077,976,568
Name

of issuer

Title of issuer Coupon/Yield Category of investment Cusip/Other id Effective maturity date Final maturity date Principal amount Amortized cost
037833100
594918104
67066G104
023135106
30303M102
02079K305
88160R101
11135F101
02079K107
084670702
Ticker Description Shares
AAPL
MSFT
NVDA
AMZN
META
GOOGL
TSLA
AVGO
GOOG
BRK.B
Ticker Holdings Shares Market value
AAPL Apple Inc. 475,152,725 $112,136,043,100
MSFT Microsoft Corp. 233,711,388 $97,004,248,703
NVDA NVIDIA Corp. 731,328,540 $87,810,617,798
AMZN Amazon.com Inc. 297,475,860 $70,704,062,405
META Facebook Inc. Class A 68,525,392 $47,226,329,659
GOOGL Alphabet Inc. Class A 183,679,145 $37,474,219,163
TSLA Tesla Inc. 85,768,893 $34,702,094,108
AVGO Broadcom Inc. 146,814,928 $32,485,739,119
GOOG Alphabet Inc. Class C 147,850,010 $30,397,962,056
BRK.B Berkshire Hathaway Inc. Class B 55,642,513 $26,077,976,568
Name

of issuer

Title of issuer Coupon/Yield Category of investment Cusip/Other id Effective maturity date Final maturity date Principal amount Amortized cost
037833100
594918104
67066G104
023135106
30303M102
02079K305
88160R101
11135F101
02079K107
084670702
Ticker Description Shares
AAPL
MSFT
NVDA
AMZN
META
GOOGL
TSLA
AVGO
GOOG
BRK.B
Ticker Holdings Shares Market value
AAPL Apple Inc. 475,152,725 $112,136,043,100
MSFT Microsoft Corp. 233,711,388 $97,004,248,703
NVDA NVIDIA Corp. 731,328,540 $87,810,617,798
AMZN Amazon.com Inc. 297,475,860 $70,704,062,405
META Facebook Inc. Class A 68,525,392 $47,226,329,659
GOOGL Alphabet Inc. Class A 183,679,145 $37,474,219,163
TSLA Tesla Inc. 85,768,893 $34,702,094,108
AVGO Broadcom Inc. 146,814,928 $32,485,739,119
GOOG Alphabet Inc. Class C 147,850,010 $30,397,962,056
BRK.B Berkshire Hathaway Inc. Class B 55,642,513 $26,077,976,568
Name

of issuer

Title of issuer Coupon/Yield Category of investment Cusip/Other id Effective maturity date Final maturity date Principal amount Amortized cost
037833100
594918104
67066G104
023135106
30303M102
02079K305
88160R101
11135F101
02079K107
084670702
Ticker Description Shares
AAPL
MSFT
NVDA
AMZN
META
GOOGL
TSLA
AVGO
GOOG
BRK.B

Distributions

Realized/Unrealized gains

as of 01/31/2025

Realized gain

-$2.50

% of NAV

decreased-1.72%

Unrealized gains of NAV

$86.09

% of NAV

increased59.22%

Fiscal year end

12/31/2025

Distribution schedule

Quarterly

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.

These tax implications don't apply to investors holding a fund in a tax-deferred account, such as an IRA or employer-sponsored retirement plan.

Learn about realized and unrealized gains and losses

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.

These tax implications don't apply to investors holding a fund in a tax-deferred account, such as an IRA or employer-sponsored retirement plan.

Learn about realized and unrealized gains and losses
Dividend income and capital gains
Type$/Share Payable date Record date Reinvest date Reinvest price
Dividend$0.45490012/24/202412/20/202412/23/2024$143.11
Dividend$0.42060009/30/202409/26/202409/27/2024$137.32
Dividend$0.46010007/01/202406/27/202406/28/2024$130.25
Dividend$0.44030003/25/202403/21/202403/22/2024$125.85
Dividend$0.48490012/21/202312/19/202312/20/2023$113.64
Dividend$0.38600009/21/202309/19/202309/20/2023$105.97

Fund management

Vanguard Total Stock Market Index Fund seeks to track the investment performance of the CRSP US Total Market Index, which represents approximately 100% of the investable U.S. stock market and includes large-, mid-, small-, and micro-cap stocks regularly traded on the New York Stock Exchange and Nasdaq. The fund invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics. The experience and stability of Vanguard’s Equity Index Group have permitted continuous refinement of techniques for reducing tracking error. The group uses proprietary software to implement trading decisions that accommodate cash flow and maintain close correlation with index characteristics. Vanguard’s refined indexing process, combined with low management fees and efficient trading, has provided tight tracking net of expenses.

Vanguard Equity Index Group
Launched in 1975, The Vanguard Group, Malvern, Pennsylvania, is among the world’s largest equity and fixed income managers. As chief investment officer, Gregory Davis, CFA, oversees Vanguard’s Equity Index, Investment Strategy, Quantitative Equity, and Fixed Income Groups. Rodney Comegys, Principal and global head of Vanguard's Equity Index Group, is responsible for all equity index funds. The Equity Index Group manages indexed equity portfolios covering U.S. and international markets. It has developed sophisticated portfolio construction methodologies and efficient trading strategies that seek to deliver returns that are highly correlated with target portfolio benchmarks. The group has advised Vanguard Total Stock Market Index Fund since 1992.
Gerard C. O'Reilly
Principal, Portfolio manager.
Advised the fund since 1994. Worked in investment management since 1992. B.S., Villanova University.
Walter Nejman
Portfolio manager.
Advised the fund since 2016. Worked in investment management since 2008. B.A., Arcadia University. M.B.A., Villanova University.
Michelle Louie
CFA, Principal Portfolio manager.
Advised the fund since 2023. Worked in investment management since 2011. B.S., The American University. M.B.A., Georgia Institute of Technology.
Nick Birkett
CFA, Portfolio manager.
Advised the fund since 2025. Worked in investment management since 2005. BSc, University of Bath.

Performance & fees

1
Dow Jones U.S. Total Stock Market Index (formerly known as the Dow Jones Wilshire 5000 Index) through April 22, 2005; MSCI US Broad Market Index through June 2, 2013; and CRSP US Total Market 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 Industry Classification Benchmark system (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB 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 even long periods. You should expect the fund’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall stock market. The fund’s performance could be hurt by:

  • Stock market risk: The chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising stock prices and periods of falling stock prices. The fund’s target index may, at times, become focused in stocks of a particular sector, category, or group of companies.
  • Index sampling risk: The chance that the securities selected for the fund, in the aggregate, will not provide investment performance matching that of the index. Index sampling risk for the fund should be low.
  • Sector risk: The chance that significant problems will affect a particular sector, or that returns from that sector will trail returns from the overall stock market. Daily fluctuations in specific market sectors are often more extreme or volatile than fluctuations in the overall market. Because a significant portion of the fund’s assets are in the information technology sector, the fund’s performance is impacted by the general condition of that sector. Companies in the information technology sector could be affected by, among other things, overall economic conditions, short product cycles, rapid obsolescence of products, competition, and government regulation.
  • Nondiversification risk: Because the fund seeks to closely track the composition of the fund's target index, from time to time, more than 25% of the fund's total assets may be invested in issuers representing more than 5% of the fund's total assets due to an index rebalance or market movement, which would result in the fund being nondiversified under the Investment Company Act of 1940. The fund’s performance may be hurt disproportionately by the poor performance of relatively few stocks, or even a single stock, and the fund’s shares may experience significant fluctuations in value.