11 Best Vanguard ETFs For 2024

In this article, we discuss 11 best Vanguard ETFs.

Since the launch of SPDR S&P 500 ETF Trust (NYSE:SPY), ETFs have gained significant prominence in the index investing landscape and beyond. In the US market, ETF assets have surged to $6.5 trillion in assets under management (AUM), growing at an annualized rate of 23.8% since 2000. The number of ETF offerings has also increased to 2,988 funds. According to State Street Global Advisors, nearly three-quarters of surveyed ETF investors believe that ETFs have enhanced the overall performance of their portfolios, and more than two-thirds think ETFs have improved their investing skills. ETF trading volumes illustrate their role as a primary liquidity vehicle in the secondary market, representing 32% of trading volume on US exchanges in 2022—a figure that has steadily increased over the past four years.

As per PwC’s latest Global ETF report, global ETF assets under management (AUM) are expected to reach at least $19.2 trillion by June 2028, growing from $11.5 trillion at the end of 2023, representing a compound annual growth rate (CAGR) of 13.5% over the five-year period. The US dominates the ETF market, accounting for over 70% of global ETF AUM in 2023. 64% of US respondents anticipate US ETF AUM to reach at least $13 trillion by June 2028, reflecting a 12.5% CAGR. Europe, the second-largest region for ETFs, is expected to reach $3 trillion or more by June 2028, according to 60% of European survey respondents, representing a minimum CAGR of 14.3% over five years. 

In the Asia Pacific region, 77% of survey respondents believe that ETF AUM will reach at least $2.5 trillion by June 2028, with a CAGR of 17.8%. Canadian survey respondents forecast Canadian ETF AUM to reach at least $700 billion by 2028, indicating a 19.6% CAGR. The survey underscores the increasing role of retail investors in future growth, with 57% of European respondents and 82% of US participants expecting significant demand from retail investors in the next few years. PwC suggests that over $68 trillion could be transferred from baby boomers to millennials by 2030, with millennials showing a strong preference for ETFs. 

In 2023, active ETFs experienced substantial growth, particularly in the United States, where they attracted significant inflows despite having relatively smaller assets under management. The interest in active ETFs is evident through new launches and mutual fund-to-ETF conversions in the past year. According to a recent survey by PwC involving ETF leaders, the industry anticipates a notable surge in demand for active ETFs in the coming years. Specifically, 76% of respondents expect “significant” demand for active ETFs within the next two to three years. 

In this article, we discuss some of the best Vanguard ETFs for 2024, including Vanguard Information Technology Index Fund ETF Shares (NYSE:VGT), Vanguard S&P 500 Growth Index Fund ETF Shares (NYSE:VOOG), and Vanguard S&P 500 ETF (NYSE:VOO). 

Our Methodology 

We curated our list of the best Vanguard ETFs by choosing consensus picks from multiple credible websites. We have mentioned the 5-year share price performance of each ETF as of March 11, 2024, ranking the list in ascending order of the share price. We have also discussed the top holdings of the ETFs to offer better insight to potential investors. 

A close-up of a stock market ticker displaying the company’s stocks.

Best Vanguard ETFs For 2024

11. Vanguard Total International Stock Index Fund ETF Shares (NASDAQ:VXUS)

5-year Share Price Performance as of March 11: 14.40%

Vanguard Total International Stock Index Fund ETF Shares (NASDAQ:VXUS) aims to replicate the FTSE Global All Cap ex US Index, tracking the performance of stocks issued by non-US companies. It provides diverse exposure to developed and emerging markets outside the United States through a passively managed approach. As of February 27, 2024, the ETF’s expense ratio is 0.08%. It holds a portfolio of 8577 stocks, with total net assets reaching $398.2 billion as of January 31, 2024.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the largest holding of Vanguard Total International Stock Index Fund ETF Shares (NASDAQ:VXUS). On March 6, J.P. Morgan increased its price target for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares from NT$770 to NT$850, citing expectations of increased revenue from artificial intelligence.

According to Insider Monkey’s fourth quarter database, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was part of 105 hedge fund portfolios, compared to 107 in the prior quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 31 million shares worth $3.2 billion. 

Like Vanguard Information Technology Index Fund ETF Shares (NYSE:VGT), Vanguard S&P 500 Growth Index Fund ETF Shares (NYSE:VOOG), and Vanguard S&P 500 ETF (NYSE:VOO), Vanguard Total International Stock Index Fund ETF Shares (NASDAQ:VXUS) is one of the best Vanguard ETFs. 

Baron Emerging Markets Fund stated the following regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its fourth quarter 2023 investor letter:

“Semiconductor giant Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) contributed in the fourth quarter due to investor expectations for a cyclical recovery in semiconductors heading into 2024 and significant incremental demand for artificial intelligence (AI) chips. We retain conviction that Taiwan Semi’s technological leadership, pricing power, and exposure to secular growth markets, including high-performance computing, automotive, 5G, and IoT, will allow the company to sustain strong double-digit earnings growth over the next several years.”

10. Vanguard FTSE Developed Markets Index Fund ETF Shares (NYSE:VEA)

5-year Share Price Performance as of March 11: 20.30%

Vanguard FTSE Developed Markets Index Fund ETF Shares (NYSE:VEA) aims to replicate the FTSE Developed All Cap ex US Index, providing a convenient means to mirror the investment performance of a diverse range of large-, mid-, and small-cap stocks in Canada, Europe, and the Pacific region. Employing a passively managed full-replication approach, Vanguard FTSE Developed Markets Index Fund ETF Shares (NYSE:VEA) offers an expense ratio of 0.05% as of February 28, 2024. The fund’s portfolio comprises 4034 stocks, with net assets totaling $178.3 billion as of January 31, 2024. Vanguard FTSE Developed Markets Index Fund ETF Shares (NYSE:VEA) is one of the best Vanguard ETFs to buy. 

Novo Nordisk A/S (NYSE:NVO) is the top holding of Vanguard FTSE Developed Markets Index Fund ETF Shares (NYSE:VEA). The company is involved in the research, development, manufacture, and distribution of pharmaceutical products globally. On January 31, Novo Nordisk A/S (NYSE:NVO) reported a Q4 GAAP EPS of DKK 4.91 and a revenue of DKK 65.86 billion, up 37% on a year-over-year basis. 

According to Insider Monkey’s fourth quarter database, 58 hedge funds were bullish on Novo Nordisk A/S (NYSE:NVO), compared to 51 funds in the prior quarter. 

Polen Global Growth Strategy stated the following regarding Novo Nordisk A/S (NYSE:NVO) in its fourth quarter 2023 investor letter:

“As we discussed in last quarter’s commentary, Novo Nordisk A/S (NYSE:NVO) is a newer addition to the strategy. Over the fourth quarter, we continued to build the position to an average weight. As a reminder, Novo Nordisk is a global pharmaceutical company based in Denmark and has long been the leader in developing insulin for diabetes patients. In recent years, the company’s innovation into GLP-1 drugs has been shown not only to help diabetics control blood sugar levels but also to have significant efficacy in weight loss. Obesity has become a global epidemic, creating materially negative knock-on effects for humans that range from an increase in cardiovascular events and, thus, higher mortality to a lower general quality of life. We believe that, over time, payors will recognize the value of these obesity treatments to both patients and the overall healthcare system.”

9. Vanguard High Dividend Yield Index Fund ETF Shares (NYSE:VYM)

5-year Share Price Performance as of March 11: 36.10%

Next on our list of the best Vanguard ETFs is Vanguard High Dividend Yield Index Fund ETF Shares (NYSE:VYM). Vanguard High Dividend Yield Index Fund ETF Shares (NYSE:VYM) aims to replicate the performance of the FTSE High Dividend Yield Index, which focuses on common stocks of companies known for high dividend yields. This ETF offers a convenient way to invest in stocks projected to have above-average dividend yields, utilizing a passively managed, full-replication approach. As of February 27, 2024, Vanguard High Dividend Yield Index Fund ETF Shares (NYSE:VYM) has an expense ratio of 0.06%. Its portfolio comprises 450 stocks, and net assets totaling $63.3 billion as of January 31, 2024.

Vanguard High Dividend Yield Index Fund ETF Shares (NYSE:VYM)’s top holding is Broadcom Inc. (NASDAQ:AVGO). On March 8, Broadcom Inc. (NASDAQ:AVGO) declared a $5.25 per share quarterly dividend, in line with previous. The dividend is payable on March 29, to shareholders on record as of March 21. 

According to Insider Monkey’s fourth quarter database, 91 hedge funds were bullish on Broadcom Inc. (NASDAQ:AVGO), compared to 87 funds in the last quarter. Ken Fisher’s Fisher Asset Management is the biggest position holder in the company, with a $2.3 billion stake. 

Carillon Eagle Growth & Income Fund stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its fourth quarter 2023 investor letter:

“Broadcom Inc. (NASDAQ:AVGO) traded higher after closing on its acquisition of VMware. The company also announced earnings that were relatively in line with estimates with some benefit of better operating expenses. The stock appears to be one of the first real beneficiaries of generative artificial intelligence (AI) with meaningful revenue expected to show up in 2024.”

8. Vanguard Value Index Fund ETF Shares (NYSE:VTV)

5-year Share Price Performance as of March 11: 45.76%

Vanguard Value Index Fund ETF Shares (NYSE:VTV) aims to replicate the CRSP US Large Cap Value Index, tracking the investment return of large-capitalization value stocks. This ETF mirrors the performance of numerous prominent value stocks in the United States. Employing a passively managed, full-replication approach, Vanguard Value Index Fund ETF Shares (NYSE:VTV) has a net expense ratio of 0.04% as of February 28, 2024. With a portfolio comprising 350 stocks, the fund’s net assets amount to $157.0 billion as of January 31, 2024. Vanguard Value Index Fund ETF Shares (NYSE:VTV) is one of the best Vanguard ETFs to invest in. 

Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK-B) is the largest holding of Vanguard Value Index Fund ETF Shares (NYSE:VTV). In Q4 2023, Berkshire Hathaway Inc. (NYSE:BRK-B) reported strong financial results with a nearly 21% increase in operating revenue, excluding investment and derivative gains/losses. The growth was driven by the insurance and reinsurance operations, along with investment income, benefiting from improved cash flow trends due to lower catastrophes and higher short-term interest rates. Analyst Cathy Seifert from CFRA, who assigned the stock a Buy rating on February 26, considers this growth significant for Berkshire Hathaway Inc. (NYSE:BRK-B)’s size. 

According to Insider Monkey’s fourth quarter database, 117 hedge funds were long Berkshire Hathaway Inc. (NYSE:BRK-B), compared to 116 funds in the last quarter. 

Here is what Black Bear Value Fund has to say about Berkshire Hathaway Inc. (NYSE:BRK-B) in its Q3 2022 investor letter:

“Going forward I expect Berkshire to compound at above average returns from this price. BRK is a collection of high-quality businesses, excellent management, and a good amount of optionality in their cash position. If the cash were to be deployed accretively, the true value would be greater than an 8% premium (as mentioned above). The combination of a pie that is growing, an increasing share of said pie due to stock buybacks, upside optionality from cash and a tight range of likely business outcomes that span a variety of economic futures gives me comfort in continuing to own Berkshire.”

7. Vanguard Health Care Index Fund ETF Shares (NYSE:VHT)

5-year Share Price Performance as of March 11: 53.46%

Vanguard Health Care Index Fund ETF Shares (NYSE:VHT) aims to replicate the performance of Spliced U.S. Investable Market Health Care 25/50 Index1, which is a benchmark index measuring the investment return of healthcare stocks. The ETF includes stocks of companies engaged in medical or health care products, services, technology, or equipment. Vanguard Health Care Index Fund ETF Shares (NYSE:VHT) employs passive management, utilizing a full-replication strategy when feasible and a sampling strategy if regulatory constraints require. As of December 22, 2023, the fund has an expense ratio of 0.10%. Vanguard Health Care Index Fund ETF Shares (NYSE:VHT)’s portfolio consists of 419 stocks, with net assets totaling $20.0 billion as of January 31, 2024. Vanguard Health Care Index Fund ETF Shares (NYSE:VHT) is one of the best Vanguard ETFs to buy. 

Eli Lilly and Company (NYSE:LLY) is the largest holding of Vanguard Health Care Index Fund ETF Shares (NYSE:VHT). Eli Lilly and Company (NYSE:LLY) provided its 2024 guidance, anticipating revenue between $40.4 billion and $41.6 billion, surpassing the consensus estimate of $39.14 billion. The estimated EPS range is $11.80 to $12.30, with non-GAAP EPS expected to fall between $12.20 and $12.70, while the consensus estimate is $12.38.

According to Insider Monkey’s fourth quarter database, 102 hedge funds were bullish on Eli Lilly and Company (NYSE:LLY), same as the third quarter. 

Aristotle Atlantic Core Equity Strategy stated the following regarding Eli Lilly and Company (NYSE:LLY) in its fourth quarter 2023 investor letter:

“Eli Lilly and Company (NYSE:LLY) is a leading pharmaceutical company that develops diabetes, oncology, immunology and neuroscience medicines. The company generates over half of its revenue in the U.S. from its top-selling drugs Trulicity, Verzenio and Taltz. The company operates in a single business segment, Human pharmaceutical products.

Eli Lilly has a deep pipeline in treatment areas focused on metabolic disorders, oncology, immunology and central nervous system disorders. Currently, there are two phase three assets, Orforglipron, an oral GLP-1 and retatrutide, a triple incretin agonist, which have the potential to expand upon the potential success of Mounjaro. We believe that Mounjaro has the potential to commercialize beyond type 2 diabetes and obesity, potentially in the areas mentioned above of heart disease, sleep apnea, fatty liver disease and chronic kidney disease. We believe the premium valuation is supported by this outsized growth profile.”

6. Vanguard Mid-Cap Growth Index Fund ETF Shares (NYSE:VOT)

5-year Share Price Performance as of March 11: 64.50%

Vanguard Mid-Cap Growth Index Fund ETF Shares (NYSE:VOT) ranks 6th on our list of the best Vanguard ETFs to buy. Vanguard Mid-Cap Growth Index Fund ETF Shares (NYSE:VOT) aims to replicate the CRSP US Mid Cap Growth Index, tracking the investment return of mid-capitalization growth stocks. This ETF offers a convenient means to mirror the performance of a diversified group of midsize growth companies. Employing a passively managed, full-replication approach, the fund has an expense ratio of 0.07% as of February 28, 2024. The portfolio comprises 150 stocks, and the net assets as of January 31, 2024 amount to $22.7 billion.

Arista Networks, Inc. (NYSE:ANET) is the largest holding of Vanguard Mid-Cap Growth Index Fund ETF Shares (NYSE:VOT). Arista Networks, Inc. (NYSE:ANET) focuses on developing, marketing, and selling data-driven networking solutions for data center, campus, and routing environments globally. On February 12, the company reported a Q4 non-GAAP EPS of $2.08, beating market estimates by $0.37. The revenue increased 20.3% year-over-year to $1.54 billion, in line with analysts’ expectations. 

According to Insider Monkey’s fourth quarter database, 64 hedge funds were long Arista Networks, Inc. (NYSE:ANET), compared to 59 funds in the prior quarter. Steve Cohen’s Point72 Asset Management is the largest stakeholder of the company, with 833,408 shares worth $196.2 million. 

In addition to Vanguard Information Technology Index Fund ETF Shares (NYSE:VGT), Vanguard S&P 500 Growth Index Fund ETF Shares (NYSE:VOOG), and Vanguard S&P 500 ETF (NYSE:VOO), Vanguard Mid-Cap Growth Index Fund ETF Shares (NYSE:VOT) is one of the best Vanguard ETFs to invest in. 

Giverny Capital Asset Management stated the following regarding Arista Networks, Inc. (NYSE:ANET) in its fourth quarter 2023 investor letter:

“We did a bit of portfolio sculpting during the year, with mixed results. We trimmed Arista Networks, Inc. (NYSE:ANET) several times during the year as it soared. Those trims, a very small one in March at roughly $163 and a larger one in August at $183, don’t look smart with Arista finishing the year at $235 (and up more in January). Arista rose 94% this year. The good news is, Arista finished the year as our second largest holding, at 7.9% of the portfolio.

If you are wondering how I could sell some Arista at $163 but then hold most of it at $235, the answer is that Arista’s outstanding competitive position in Artificial Intelligence became clearer to me as the year progressed. I felt in March that Arista would earn $8 per share in a few years. I see today that it might earn $8 in 2025.

It’s possible there is AI-related froth in the Arista stock price, but also probable that Arista will continue to grow rapidly as the computing centers that process AI queries require enormous amounts of data bandwidth. I believe Arista’s routers and switches are the best tools for routing so-called hyperscale traffic. Also, its operating software allows computer giants to manage the kudzu-like growth of their data centers, lowering their total cost of operation.

The sales of both Arista and Heico reflected my desire to manage PE multiple risk. I keep learning the hard way, however, that trimming your winners generally doesn’t add value. If the valuation is beyond justification, sell the position. If the valuation is high but the business continues to dominate its niche, grow steadily and add value for customers, maybe just take a walk around the block until the urge to sell goes away.”

5. Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI)

5-year Share Price Performance as of March 11: 75.08%

Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI) aims to replicate the performance of the CRSP US Total Market Index, investing in a diverse range of large, mid, and small-cap equities across growth and value styles. Utilizing a passively managed, index-sampling strategy, the fund remains fully invested. As of February 28, 2024, the ETF has an expense ratio of 0.03%. Its portfolio comprises 3747 stocks, and total net assets reaching $1.5 trillion as of January 31, 2024. Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI) is one of the best Vanguard ETFs to buy. 

Microsoft Corporation (NASDAQ:MSFT) is the largest holding of Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI). On January 31, Microsoft Corporation (NASDAQ:MSFT) December-quarter results surpassed expectations, earning praise from Wall Street. Wedbush Securities analyst Dan Ives believes that the positive performance is indicative of the early stages of a significant monetization opportunity driven by artificial intelligence. Ives assigned an Outperform rating to Microsoft and a price target of $475, up from $450.

According to Insider Monkey’s fourth quarter database, 302 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), compared to 306 funds in the prior quarter. Bill & Melinda Gates Foundation Trust is the largest stakeholder of the company, with 38.2 million shares worth $14.3 billion. 

Carillon Eagle Growth & Income Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its fourth quarter 2023 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) performed well after reporting strong earnings supported by accelerated growth from Azure. The cloud business is seeing consistent trends from optimization while AI has contributed strongly to its growth.”

4. Vanguard S&P 500 ETF (NYSE:VOO)

5-year Share Price Performance as of March 11: 80.74%

Vanguard S&P 500 ETF (NYSE:VOO) invests in stocks from the S&P 500 Index, which consists of 500 of the largest US companies. Its objective is to closely mirror the index’s return, serving as a benchmark for overall US stock returns. As of February 28, 2024, Vanguard S&P 500 ETF (NYSE:VOO)’s expense ratio stands at 0.03% and its total net assets amount to $1.0 trillion as of January 31, 2024. Vanguard S&P 500 ETF (NYSE:VOO) is one of the best Vanguard ETFs to invest in. 

Apple Inc. (NASDAQ:AAPL) is one of Vanguard S&P 500 ETF (NYSE:VOO)’s top holdings. On February 1, Apple Inc. (NASDAQ:AAPL) announced its fiscal 2024 first quarter ended December 30, 2023. The company reported a GAAP EPS of $2.18 and a revenue of $119.6 billion, outperforming Wall Street estimates by $0.07 and $1.34 billion, respectively. 

According to Insider Monkey’s fourth quarter database, 131 hedge funds were long Apple Inc. (NASDAQ:AAPL), compared to 134 funds in the prior quarter. 

Horizon Kinetics stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:

“The full point is that if BYD has turned its attention from its domestic market to direct global competition, then other Chinese companies can do the same. The next most visible example of Chinese commercially applied technological prowess relates to the 2nd highest-weight company in the S&P 500, Apple Inc. (NASDAQ:AAPL).

In September 2023, Huawei Technologies introduced its Mate 60 Pro smartphone. It uses its own, internally developed 5G enabled chip that is apparently competitive with the Apple A17 chip. For practical purposes it has the functionality of the iPhone 15 Pro. This came as a great surprise – perhaps even shock – to the U.S. technology community, because four years ago the U.S. placed strict sanctions on China’s access to state-of-the-art semiconductor manufacturing technology…” (Click here to read the full text)

3. Vanguard ESG U.S. Stock ETF (CBOE:ESGV)

5-year Share Price Performance as of March 11: 86.05%

Vanguard ESG U.S. Stock ETF (CBOE:ESGV) aims to replicate the performance of the FTSE US All Cap Choice Index, a market-cap-weighted index that includes large, mid, and small-cap stocks. Vanguard ESG U.S. Stock ETF (CBOE:ESGV) screens for environmental, social, and corporate governance (ESG) criteria, excluding stocks related to industries such as adult entertainment, alcohol, tobacco, cannabis, and others. It also excludes companies that fail to meet labor, human rights, environmental, anti-corruption standards defined by the UN Global Compact Principles, as well as certain diversity criteria. The fund employs a passively managed, full-replication approach. As of December 22, 2023, Vanguard ESG U.S. Stock ETF (CBOE:ESGV)’s expense ratio stands at 0.09%. The fund’s portfolio consists of 1464 stocks and its net assets amount to $7.6 billion as of January 31, 2024. 

One of Vanguard ESG U.S. Stock ETF (CBOE:ESGV)’s top holdings is NVIDIA Corporation (NASDAQ:NVDA). On February 21, NVIDIA Corporation (NASDAQ:NVDA) reported a Q4 non-GAAP EPS of $5.16 and a revenue of $22.1 billion, outperforming Wall Street estimates by $0.52 and $1.55 billion, respectively. 

According to Insider Monkey’s fourth quarter database, 173 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA), compared to 180 funds in the last quarter. Rajiv Jain’s GQG Partners is a prominent stakeholder of the company, with 13.90 million shares worth $6.8 billion.  

SaltLight Capital stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its fourth quarter 2023 investor letter:

“We were fortunate to have some exposure to some of the ‘Magnificent Seven’ – Amazon, NVIDIA Corporation (NASDAQ:NVDA), Meta Platforms and Google (although in aggregate, we still hold a smaller weighting than the S&P 500).

While we are cautious in AI infrastructure, we do think there are mispriced opportunities in areas of application software where AI can be infused to make a step change improvement. Posted in our office is this chart that ASML provides at each of its investor days. This chart is a little outdated from 2021, but we think illustrates how value (in operating profit) was distributed across semiconductors, hardware, and then software & services. It’s very clear that most of the economic value in the past has accrued to the software services (in gray) built on the backs of highly technical companies run by extremely smart people.

Why is this? We think it is due to a combination of distribution and network effects. Our working hypothesis right now is that this will likely remain a similar outcome in the AI epoch. One outlier right now is Nvidia which is capturing 80% margins..” (Click here to read the full text)

2. Vanguard S&P 500 Growth Index Fund ETF Shares (NYSE:VOOG)

5-year Share Price Performance as of March 11: 93.60%

Vanguard S&P 500 Growth Index Fund ETF Shares (NYSE:VOOG) ranks 2nd on our list of the best Vanguard ETFs to buy. Vanguard S&P 500 Growth Index Fund ETF Shares (NYSE:VOOG) invests in stocks listed in the Standard & Poor’s 500 Growth Index, which includes growth-oriented companies within the S&P 500. The fund’s primary goal is to closely mirror the index’s return, serving as a benchmark for overall U.S. growth stock performance. As of December 22, 2023, Vanguard S&P 500 Growth Index Fund ETF Shares (NYSE:VOOG)’s expense ratio stands at 0.10%. Its portfolio consists of 226 stocks and the total net assets amount to $9.1 billion as of January 31, 2024. 

Vanguard S&P 500 Growth Index Fund ETF Shares (NYSE:VOOG)’s top holdings include Amazon.com, Inc. (NASDAQ:AMZN). On February 26, Citi expressed bullishness towards artificial intelligence as a critical thematic investing category. They highlighted specific stocks within the sector, with a particular focus on Amazon.com, Inc. (NASDAQ:AMZN). Citi emphasized their three-pronged approach, which includes seeking operating leverage, growth-at-a-reasonable-price, and confidence in top-line trajectories when evaluating investment opportunities in the AI sector.

According to Insider Monkey’s fourth quarter database, 293 hedge funds were long Amazon.com, Inc. (NASDAQ:AMZN), compared to 286 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 41.78 million shares worth $6.3 billion. 

Polen Global Growth Strategy stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its fourth quarter 2023 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN), which saw significant price appreciation throughout much of 2023, saw its share price increase materially in Q4 following the company’s Q3 2023 earnings report. We have yet to see the long-awaited re-acceleration in AWS (Amazon Web Services) revenue growth. However, in our estimation, the segment’s growth has likely bottomed, and we could see accelerating growth in 2024. Further, Amazon’s e-commerce business has gradually re-accelerated from 2022’s levels and, perhaps most importantly, the company’s margins and free cash flow have rebounded materially from last year. This rebound in margins and free cash flow at Amazon has been a key component of our long-term thesis for the business, and we expect the improvement in these metrics to continue into 2024 and beyond (though perhaps not linearly) as the company continues to optimize costs and capital expenditures. Our position in Amazon reflects our positive long-term expectations of the business, and it is currently our largest absolute weight in the Portfolio.”

1. Vanguard Information Technology Index Fund ETF Shares (NYSE:VGT)

5-year Share Price Performance as of March 11: 161.12%

Vanguard Information Technology Index Fund ETF Shares (NYSE:VGT) ranks 1st on our list of the best Vanguard ETFs. Vanguard Information Technology Index Fund ETF Shares (NYSE:VGT) aims to replicate the performance of a benchmark index measuring the investment return of tech stocks. It is passively managed, utilizing a full-replication strategy when feasible. Vanguard Information Technology Index Fund ETF Shares (NYSE:VGT)’s expense ratio stands at 0.10% as of December 22, 2023. Its portfolio consists of 312 stocks and the net assets amount to $71.9 billion as of January 31, 2024. 

Salesforce, Inc. (NYSE:CRM) is one of the top holdings of Vanguard Information Technology Index Fund ETF Shares (NYSE:VGT). On February 28, Salesforce, Inc. (NYSE:CRM) declared a $0.40 per share quarterly dividend. The dividend is payable on April 11, to shareholders on record as of March 14. The company also raised its share repurchase authorization by $10 billion.

According to Insider Monkey’s fourth quarter database, 131 hedge funds were bullish on Salesforce, Inc. (NYSE:CRM), compared to 122 funds in the last quarter. Harris Associates is a prominent stakeholder of the company, with 3.9 million shares worth $1 billion. 

Polen Focus Growth Strategy stated the following regarding Salesforce, Inc. (NYSE:CRM) in its fourth quarter 2023 investor letter:

“In the fourth quarter, the top relative and absolute contributors to the Portfolio’s performance were Netflix, ServiceNow, and Salesforce, Inc. (NYSE:CRM).

Salesforce has continued to grow its revenues at what we see as a healthy rate despite market concerns about the impact of the weaker macroeconomy on its business and penetration rates in its core CRM offering. Even its most mature and largest offerings, Sales Cloud and Service Cloud, are still growing revenue at double-digit rates. In addition, management realized that their cost structure, especially in salespeople, had gotten too bloated. Over the past year and a half, the company has run a much more streamlined expense structure that has led to strong operating margin expansion and earnings growth. Importantly, we do not feel Salesforce has cut into its innovation or sales muscle through these cost cuts but has eliminated unnecessary excess fat from the organization.”

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