VENAX – Vanguard Energy Index Admiral Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance of the MSCI U.S. Investable Market Index (IMI)/Energy 25/50. The fund employs an indexing investment approach designed to track the performance of the index, an index made up of stocks of large, mid-size, and small U.S. companies within the energy sector, as classified under the GICS. The Advisor attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the index, in order to hold each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VDE	Vanguard Energy Index Fund ETF Shares	ETF	Open	—		Sep 23, 2004	—	0.090%	—	—	—
VDE	Vanguard Energy Index Fund ETF Shares	ETF	Open			Sep 23, 2004	$10.59B	0.090%	—	—	$337.30M
VENAX	Vanguard Energy Index Fund Admiral Shares	Institutional	Open			Oct 7, 2004	$2.37B	0.090%	Low	$100,000	−$10.55M

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