Vanguard Dividend Appreciation focuses on quality franchises that have reliably increased the amount of cash they give back to shareholders over time. Its stringent selection criteria yield a portfolio that balances income, capital appreciation, and risk. Its low fee gives it a durable edge versus its large-blend Morningstar Category peers and a low hurdle to clear toward beating its category index. Under our enhanced rating methodology, which places greater emphasis on fees, both U.S. share classes of the fund earned a Morningstar Analyst Rating upgrade to Gold from Silver, while the Canadian share class is rated Silver.
Will VDADX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VDADX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VDADX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VDADX’s parent organization’s priorities and whether they’re in line with investors’ interests.