VYM – Vanguard High Dividend Yield ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance of the FTSE High Dividend Yield Index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the the Target Index, which consists of common stocks of companies that pay dividends that generally are higher than average (excluding real estate investment trusts (“REITs”)). Under normal circumstances, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index.

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
VYM	Vanguard High Dividend Yield Index Fund ETF Shares	ETF	Open			Nov 10, 2006	$79.06B	0.040%	—	—	$4.81B
VYM	Vanguard High Dividend Yield Index Fund ETF Shares	ETF	Open	—		Nov 10, 2006	—	0.040%	—	—	—
VHYAX	Vanguard High Dividend Yield Index Fund Admiral	Institutional	Open			Feb 7, 2019	$17.74B	0.080%	Low	$3,000	−$372.02M

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