Vanguard Institutional Index fund offers diversified, low-turnover exposure to U.S. large-cap stocks at an attractive price. It tracks the market-cap-weighted S&P 500 index, which has historically been tough competition for active managers in the large-blend Morningstar Category. Its minuscule expense ratio gives this fund a durable performance edge over its category peers, earning both of its share classes Morningstar Analyst Ratings of Gold.
Will VIIIX 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 VIIIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VIIIX 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 VIIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.