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Qualified dividend income—2019 year-end figures

The tables show the percentage of 2019 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.

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 2019 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 nameQDI figures for dividendsQDI figures for short-term capital gains
Vanguard Balanced Index Fund Investor Shares47.98%0.00%
Vanguard Balanced Index Fund Admiral™ Shares47.98%0.00%
Vanguard Balanced Index Fund Institutional Shares47.98%0.00%
Vanguard Value Index Fund Investor Shares100.00%0.00%
Vanguard Value Index Fund Admiral Shares100.00%0.00%
Vanguard Value Index Fund Institutional Shares100.00%0.00%
Vanguard Value ETF100.00%0.00%
Vanguard Growth Index Fund Investor Shares93.20%0.00%
Vanguard Growth Index Fund Admiral Shares93.20%0.00%
Vanguard Growth Index Fund Institutional Shares93.20%0.00%
Vanguard Growth ETF93.20%0.00%
Vanguard Wellington™ Fund Investor Shares58.67%0.00%
Vanguard Wellington Fund Admiral Shares58.67%0.00%
Vanguard Windsor™ Fund Investor Shares100.00%2.59%
Vanguard Windsor Fund Admiral Shares100.00%2.59%
Vanguard U.S. Growth Fund Investor Shares100.00%73.43%
Vanguard U.S. Growth Fund Admiral Shares100.00%73.43%
Vanguard Explorer™ Fund Investor Shares100.00%0.00%
Vanguard Explorer Fund Admiral Shares100.00%0.00%
Vanguard Morgan™ Growth Fund Investor Shares100.00%0.00%
Vanguard Morgan Growth Fund Admiral Shares100.00%0.00%
Vanguard Wellesley® Income Fund Investor Shares34.77%0.00%
Vanguard Wellesley Income Fund Admiral Shares34.77%0.00%
Vanguard 500 Index Fund Investor Shares100.00%0.00%
Vanguard 500 Index Fund Admiral Shares100.00%0.00%
Vanguard S&P 500 ETF100.00%0.00%
Vanguard 500 Index Fund Institutional Select Shares100.00%0.00%
Vanguard International Value Fund Investor Shares73.94%0.00%
Vanguard Small-Cap Index Fund Investor Shares69.37%0.00%
Vanguard Small-Cap Index Fund Admiral Shares69.37%0.00%
Vanguard Small-Cap Index Fund Institutional Shares69.37%0.00%
Vanguard Small-Cap ETF69.37%0.00%
Vanguard Small-Cap Index Fund Institutional Plus Shares69.37%0.00%
Vanguard Energy Fund Investor Shares98.70%0.00%
Vanguard Energy Fund Admiral Shares98.70%0.00%
Vanguard Health Care Fund Investor Shares100.00%35.77%
Vanguard Health Care Fund Admiral Shares100.00%35.77%
Vanguard Global Capital Cycles Fund Investor Shares88.23%0.00%
Vanguard STAR® Fund Investor Shares42.06%12.89%
Vanguard Dividend Growth Fund Investor Shares100.00%17.60%
Vanguard PRIMECAP Fund Investor Shares100.00%100.00%
Vanguard PRIMECAP Fund Admiral Shares100.00%100.00%
Vanguard Equity Income Fund Investor Shares100.00%100.00%
Vanguard Equity Income Fund Admiral Shares100.00%100.00%
Vanguard Pacific Stock Index Fund Investor Shares72.30%0.00%
Vanguard Pacific Stock Index Fund Institutional Shares72.30%0.00%
Vanguard Pacific Stock Index Fund Admiral Shares72.30%0.00%
Vanguard FTSE Pacific ETF72.30%0.00%
Vanguard Pacific Stock Index Fund Institutional Plus Shares72.30%0.00%
Vanguard Windsor II Fund Investor Shares100.00%0.00%
Vanguard Windsor II Fund Admiral Shares100.00%0.00%
Vanguard European Stock Index Fund Investor Shares82.40%0.00%
Vanguard European Stock Index Fund Institutional Shares82.40%0.00%
Vanguard European Stock Index Fund Admiral Shares82.40%0.00%
Vanguard FTSE Europe ETF82.40%0.00%
Vanguard European Stock Index Fund Institutional Plus Shares82.40%0.00%
Vanguard International Growth Fund Investor Shares83.92%0.00%
Vanguard International Growth Fund Admiral Shares83.92%0.00%
Vanguard Total Stock Market Index Fund Investor Shares93.79%0.00%
Vanguard Total Stock Market Index Fund Admiral Shares93.79%0.00%
Vanguard Total Stock Market Index Fund Institutional Shares93.79%0.00%
Vanguard Total Stock Market ETF93.79%0.00%
Vanguard Total Stock Market Index Fund Institutional Select Shares93.79%0.00%
Vanguard Total Stock Market Index Fund Institutional Plus Shares93.79%0.00%
Vanguard Growth and Income Fund Investor Shares100.00%74.46%
Vanguard Growth and Income Fund Admiral Shares100.00%74.46%
Vanguard Institutional Index Fund Institutional Shares96.61%0.00%
Vanguard Institutional Index Fund Institutional Plus Shares96.61%0.00%
Vanguard Extended Market Index Fund Investor Shares66.73%0.00%
Vanguard Extended Market Index Fund Admiral Shares66.73%0.00%
Vanguard Extended Market Index Fund Institutional Shares66.73%0.00%
Vanguard Extended Market ETF66.73%0.00%
Vanguard Extended Market Index Fund Institutional Plus Shares66.73%0.00%
Vanguard Extended Market Index Fund Institutional Select Shares66.73%0.00%
Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares100.00%0.00%
Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares100.00%0.00%
Vanguard Tax-Managed Balanced Fund Admiral Shares97.35%0.00%
Vanguard Capital Opportunity Fund Investor Shares100.00%100.00%
Vanguard Capital Opportunity Fund Admiral Shares100.00%100.00%
Vanguard Total International Stock Index Fund Investor Shares64.86%0.00%
Vanguard Total International Stock Index Fund Admiral Shares64.86%0.00%
Vanguard Total International Stock Index Fund Institutional Shares64.86%0.00%
Vanguard Total International Stock Index Fund Institutional Plus Shares64.86%0.00%
Vanguard Total International Stock Index Fund Institutional Select Shares64.86%0.00%
Vanguard Total International Stock ETF64.86%0.00%
Vanguard Strategic Equity Fund Investor Shares84.25%0.00%
Vanguard Tax-Managed Small-Cap Fund Admiral Shares90.04%0.00%
Vanguard Tax-Managed Small-Cap Fund Institutional Shares90.04%0.00%
Vanguard LifeStrategy® Growth Fund Investor Shares60.00%0.00%
Vanguard U.S. Value Fund Investor Shares97.53%0.00%
Vanguard International Explorer Fund Investor Shares86.15%0.00%
Vanguard Developed Markets Index Fund Admiral Shares76.35%0.00%
Vanguard Developed Markets Index Fund Institutional Shares76.35%0.00%
Vanguard FTSE Developed Markets ETF76.35%0.00%
Vanguard Developed Markets Index Fund Investor Shares76.35%0.00%
Vanguard Developed Markets Index Fund Institutional Plus Shares76.35%0.00%
Vanguard Global Equity Fund Investor Shares74.90%0.00%
Vanguard FTSE Social Index Fund Investor Shares100.00%0.00%
Vanguard FTSE Social Index Fund Institutional Shares100.00%0.00%
Vanguard FTSE Social Index Fund Admiral Shares100.00%0.00%
Vanguard Mid-Cap Growth Fund Investor Shares100.00%0.00%
Vanguard Target Retirement 2015 Fund Investor Shares27.67%0.00%
Vanguard Target Retirement 2025 Fund Investor Shares44.38%0.00%
Vanguard Target Retirement 2035 Fund Investor Shares56.80%0.00%
Vanguard Target Retirement 2045 Fund Investor Shares68.47%0.00%
Vanguard Large-Cap Index Fund Investor Shares97.15%0.00%
Vanguard Large-Cap Index Fund Institutional Shares97.15%0.00%
Vanguard Large-Cap ETF97.15%0.00%
Vanguard Large-Cap Index Fund Admiral Shares97.15%0.00%
Vanguard Target Retirement Income Fund Investor Shares21.91%0.00%
Vanguard Capital Value Fund Investor Shares96.91%0.00%
Vanguard U.S Multifactor Fund Admiral Shares100.00%0.00%
Vanguard Emerging Markets Stock Index Fund Institutional Shares38.41%0.00%
Vanguard Emerging Markets Stock Index Fund Investor Shares38.41%0.00%
Vanguard FTSE Emerging Markets ETF38.41%0.00%
Vanguard Emerging Markets Stock Index Fund Institutional Plus Shares38.41%0.00%
Vanguard Emerging Markets Stock Index Fund Admiral Shares38.41%0.00%
Vanguard Dividend Appreciation Index Fund Investor Shares100.00%0.00%
Vanguard Dividend Appreciation ETF100.00%0.00%
Vanguard Dividend Appreciation Index Fund Admiral Shares100.00%0.00%
Vanguard Diversified Equity Fund Investor Shares100.00%100.00%
Vanguard Strategic Small-Cap Equity Fund Investor Shares81.45%0.00%
Vanguard High Dividend Yield Index Fund Investor Shares100.00%0.00%
Vanguard High Dividend Yield ETF100.00%0.00%
Vanguard High Dividend Yield Index Fund Admiral Shares100.00%0.00%
Vanguard Total World Stock Index Fund Investor Shares84.07%0.00%
Vanguard Total World Stock Index Fund Institutional Shares84.07%0.00%
Vanguard Total World Stock ETF84.07%0.00%
Vanguard Total World Stock Index Fund Admiral Shares84.07%0.00%
Vanguard Market Neutral Fund Investor Shares56.09%0.00%
Vanguard Market Neutral Fund Institutional Shares56.09%0.00%
Vanguard Target Retirement 2020 Fund Investor Shares37.60%0.00%
Vanguard Target Retirement 2030 Fund Investor Shares50.51%0.00%
Vanguard Target Retirement 2040 Fund Investor Shares63.01%0.00%
Vanguard Target Retirement 2050 Fund Investor Shares68.45%0.00%
Vanguard LifeStrategy Income Fund Investor Shares13.55%0.00%
Vanguard LifeStrategy Conservative Growth Fund Investor Shares27.91%0.00%
Vanguard Global ex-U.S. Real Estate Index Fund Investor Shares7.63%0.00%
Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares7.63%0.00%
Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares7.63%0.00%
Vanguard Global ex-U.S. Real Estate ETF7.63%0.00%
Vanguard Emerging Markets Select Stock Fund Investor Shares75.36%0.00%
Vanguard FTSE All-World ex-US Index Fund Admiral Shares71.64%0.00%
Vanguard FTSE All-World ex-US Index Fund Investor Shares71.64%0.00%
Vanguard FTSE All-World ex-US Index Fund Institutional Shares71.64%0.00%
Vanguard FTSE All-World ex-US ETF71.64%0.00%
Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares71.64%0.00%
Vanguard Mega Cap Index Fund Institutional Shares100.00%0.00%
Vanguard Mega Cap ETF100.00%0.00%
Vanguard Mid-Cap Growth Index Fund Investor Shares78.44%0.00%
Vanguard Mid-Cap Growth ETF78.44%0.00%
Vanguard Mid-Cap Growth Index Fund Admiral Shares78.44%0.00%
Vanguard Mid-Cap Value Index Fund Investor Shares90.86%0.00%
Vanguard Mid-Cap Value ETF90.86%0.00%
Vanguard Mid-Cap Value Index Fund Admiral Shares90.86%0.00%
Vanguard Mega Cap Growth Index Fund Institutional Shares100.00%0.00%
Vanguard Mega Cap Growth ETF100.00%0.00%
Vanguard Mega Cap Value Index Fund Institutional Shares100.00%0.00%
Vanguard Mega Cap Value ETF100.00%0.00%
Vanguard Mid-Cap Index Fund Investor Shares83.19%0.00%
Vanguard Mid-Cap Index Fund Institutional Shares83.19%0.00%
Vanguard Mid-Cap ETF83.19%0.00%
Vanguard Mid-Cap Index Fund Institutional Plus Shares83.19%0.00%
Vanguard Mid-Cap Index Fund Admiral Shares83.19%0.00%
Vanguard Small-Cap Value Index Fund Investor Shares69.72%0.00%
Vanguard Small-Cap Value Index Fund Institutional Shares69.72%0.00%
Vanguard Small-Cap Value ETF69.72%0.00%
Vanguard Small-Cap Value Index Fund Admiral Shares69.72%0.00%
Vanguard Small-Cap Growth Index Fund Investor Shares72.59%0.00%
Vanguard Small-Cap Growth Index Fund Institutional Shares72.59%0.00%
Vanguard Small-Cap Growth ETF72.59%0.00%
Vanguard Small-Cap Growth Index Fund Admiral Shares72.59%0.00%
Vanguard Institutional Total Stock Market Index Fund Institutional Shares92.68%0.00%
Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares92.68%0.00%
Vanguard LifeStrategy Moderate Growth Fund Investor Shares43.43%0.00%
Vanguard Selected Value Fund Investor Shares96.35%0.00%
Vanguard Global Minimum Volatility Fund Admiral Shares58.41%0.00%
Vanguard Global Minimum Volatility Fund Investor Shares58.41%0.00%
Vanguard PRIMECAP Core Fund Investor Shares100.00%100.00%
Vanguard Alternative Strategies Fund Investor Shares40.39%0.00%
Vanguard Target Retirement 2055 Fund Investor Shares68.43%0.00%
Vanguard Global Wellesley Income Fund Investor Shares49.95%0.00%
Vanguard Global Wellesley Income Fund Admiral Shares49.95%0.00%
Vanguard International High Dividend Yield Index Fund Admiral Shares71.16%0.00%
Vanguard International High Dividend Yield Index Fund Investor Shares71.16%0.00%
Vanguard International High Dividend Yield ETF71.16%0.00%
Vanguard Global Wellington Fund Investor Shares71.71%0.00%
Vanguard Global Wellington Fund Admiral Shares71.71%0.00%
Vanguard Institutional Target Retirement 2015 Fund28.25%0.00%
Vanguard Institutional Target Retirement 2020 Fund38.20%0.00%
Vanguard Institutional Target Retirement 2025 Fund45.00%0.00%
Vanguard Institutional Target Retirement 2030 Fund51.04%0.00%
Vanguard Institutional Target Retirement 2035 Fund57.22%0.00%
Vanguard Institutional Target Retirement 2040 Fund63.57%0.00%
Vanguard Institutional Target Retirement 2045 Fund69.01%0.00%
Vanguard Institutional Target Retirement 2050 Fund69.00%0.00%
Vanguard Institutional Target Retirement 2055 Fund68.97%0.00%
Vanguard Institutional Target Retirement 2060 Fund68.97%0.00%
Vanguard Institutional Target Retirement Income Fund22.29%0.00%
Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares47.17%0.00%
Vanguard FTSE All-World ex-US Small-Cap Index Fund Investor Shares47.17%0.00%
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares47.17%0.00%
Vanguard FTSE All-World ex-US Small-Cap ETF47.17%0.00%
Vanguard Explorer Value Fund Investor Shares86.42%0.00%
Vanguard Target Retirement 2060 Fund Investor Shares68.47%0.00%
Vanguard Target Retirement 2065 Fund Investor Shares68.25%0.00%
Vanguard Institutional Target Retirement 2065 Fund68.93%0.00%
Vanguard S&P 500 Value Index Fund Institutional Shares100.00%0.00%
Vanguard S&P 500 Value ETF100.00%0.00%
Vanguard S&P 500 Growth Index Fund Institutional Shares100.00%0.00%
Vanguard S&P 500 Growth ETF100.00%0.00%
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares83.64%0.00%
Vanguard S&P Mid-Cap 400 ETF83.64%0.00%
Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares77.15%0.00%
Vanguard S&P Mid-Cap 400 Growth ETF77.15%0.00%
Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares93.11%0.00%
Vanguard S&P Mid-Cap 400 Value ETF93.11%0.00%
Vanguard S&P Small-Cap 600 Index Fund Institutional Shares72.36%0.00%
Vanguard S&P Small-Cap 600 ETF72.36%0.00%
Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares76.55%0.00%
Vanguard S&P Small-Cap 600 Value ETF76.55%0.00%
Vanguard S&P Small-Cap 600 Growth Index Fund Institutional Shares73.28%0.00%
Vanguard S&P Small-Cap 600 Growth ETF73.28%0.00%
Vanguard Russell 1000 Index Fund Institutional Shares100.00%0.00%
Vanguard Russell 1000 ETF100.00%0.00%
Vanguard Russell 1000 Value Index Fund Institutional Shares94.73%0.00%
Vanguard Russell 1000 Value ETF94.73%0.00%
Vanguard Russell 1000 Growth Index Fund Institutional Shares100.00%0.00%
Vanguard Russell 1000 Growth ETF100.00%0.00%
Vanguard Russell 2000 Index Fund Institutional Shares72.41%0.00%
Vanguard Russell 2000 ETF72.41%0.00%
Vanguard Russell 2000 Value Index Fund Institutional Shares72.49%0.00%
Vanguard Russell 2000 Value ETF72.49%0.00%
Vanguard Russell 2000 Growth Index Fund Institutional Shares74.80%0.00%
Vanguard Russell 2000 Growth ETF74.80%0.00%
Vanguard Russell 3000 Index Fund Institutional Shares100.00%0.00%
Vanguard Russell 3000 ETF100.00%0.00%
Vanguard International Dividend Appreciation Index Fund Admiral Shares65.20%0.00%
Vanguard International Dividend Appreciation Index Fund Investor Shares65.20%0.00%
Vanguard International Dividend Appreciation ETF65.20%0.00%
Vanguard Global ESG Select Stock Fund Admiral Shares100.00%100.00%
Vanguard Global ESG Select Stock Fund Investor Shares100.00%100.00%
Vanguard International Core Stock Fund Admiral Shares100.00%0.00%
Vanguard International Core Stock Fund Investor Shares100.00%0.00%
Vanguard U.S. Value Factor ETF100.00%0.00%
Vanguard U.S. Quality Factor ETF100.00%0.00%
Vanguard U.S. Momentum Factor ETF76.50%0.00%
Vanguard U.S. Minimum Volatility ETF58.01%0.00%
Vanguard U.S. Liquidity Factor ETF84.34%0.00%
Vanguard U.S. Multifactor ETF100.00%0.00%
Vanguard ESG U.S. Stock ETF96.55%0.00%
Vanguard ESG International Stock ETF64.53%0.00%
Vanguard Energy ETF100.00%0.00%
Vanguard Energy Index Fund Admiral Shares100.00%0.00%
Vanguard Materials ETF100.00%0.00%
Vanguard Materials Index Fund Admiral Shares100.00%0.00%
Vanguard Industrials ETF100.00%0.00%
Vanguard Industrials Index Fund Admiral Shares100.00%0.00%
Vanguard Consumer Discretionary ETF100.00%0.00%
Vanguard Consumer Discretionary Index Fund Admiral Shares100.00%0.00%
Vanguard Consumer Staples ETF100.00%0.00%
Vanguard Consumer Staples Index Fund Admiral Shares100.00%0.00%
Vanguard Health Care ETF100.00%0.00%
Vanguard Health Care Index Fund Admiral Shares100.00%0.00%
Vanguard Financials ETF96.98%0.00%
Vanguard Financials Index Fund Admiral Shares96.98%0.00%
Vanguard Information Technology ETF100.00%0.00%
Vanguard Information Technology Index Fund Admiral Shares100.00%0.00%
Vanguard Communications Services ETF100.00%0.00%
Vanguard Communications Services Index Fund Admiral Shares100.00%0.00%
Vanguard Utilities ETF100.00%0.00%
Vanguard Utilities Index Fund Admiral Shares100.00%0.00%
Vanguard Real Estate Index Fund Investor Shares3.59%0.00%
Vanguard Real Estate Index Fund Admiral Shares3.59%0.00%
Vanguard Real Estate Index Fund Institutional Shares3.59%0.00%
Vanguard Real Estate ETF3.59%0.00%
Vanguard Real Estate II Index Fund Institutional Plus Shares3.52%0.00%
Vanguard Managed Payout Fund37.95%0.00%