Vanguard Materials Index Fund Admiral Shares VMIAX NASDAQ

Vanguard Materials Index Fund Admiral Shares is an index-based mutual fund that tracks the performance of the MSCI US Investable Market Index (IMI)/Materials 25/50. The fund seeks to replicate this index by investing substantially all of its assets in large-cap, mid-cap, and small-cap U.S. companies within the materials sector as classified under the Global Industry Classification Standard (GICS). By holding each stock in approximately the same proportion as its weighting in the target index, the fund provides investors with broad exposure to the U.S. materials industry. The fund is classified as non-diversified, meaning it may concentrate its holdings more heavily in certain index components.