VTMNX Mutual Fund — Vanguard Developed Markets Index Fund Institutional Shares

Vanguard Developed Markets Index Fund Institutional Shares (VTMNX)

Updated October 16, 2026.

VTMNX is a low-cost Mutual Fund. its distribution rate is 2.44%, its trailing-12-month yield is 2.45%, its expense ratio is 0.03%. Dividend Vision Distribution Safety Score™ is 70/100 (Generally safe). Total return is 422.0% over the past 25.6 years, 505.1 points behind SPY at 927.1%.

Vanguard Developed Markets Index Fund Institutional Shares is a mutual fund that tracks the FTSE Developed All Cap ex U.S. Index, holding a broad portfolio of approximately 3,957 large-, mid-, and small-cap stocks from Canada, Europe, and the Pacific region. The fund offers a modest current distribution rate paid quarterly and carries a very low expense ratio of 0.03%. It appeals to investors seeking low-cost exposure to developed international equity markets outside the United States.

VTMNX performance versus SPY

Price and return data through 2026-10-16.

Total return is 422.0% over the past 25.6 years, 505.1 points behind SPY at 927.1%. Over the past year its total return — price change plus distributions reinvested — is 17.7%. Its deepest 1-year drawdown was 11.7%.

VTMNX key facts

Distribution Safety Score™

70 · Generally safe

Safety-Adjusted Yield

1.71%

Issuer

Vanguard

Asset type

Mutual Fund

Asset class

Equity

Expense ratio

0.03%

Distribution rate

2.44%

Distribution frequency

Quarterly

Trailing yield

2.45%

Last close

$22.35 (as of 2026-10-16)

NAV

$22.93 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$111,150,628,864

Average volume

0.0

Dividend

$0.057

Ex-dividend date

09/18/2026

Payment date

09/21/2026

Beta

0.98

How Dividend Vision calculates yield and returns

Distribution rate (2.44%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.45%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Vanguard or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

VTMNX risks and drawbacks

VTMNX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.7%.

Who may consider VTMNX — and who may not

VTMNX may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (VTMNX pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on VTMNX

• All tickers starting with V

Tagged: Mutual Fund.

Frequently asked questions

More securities from Vanguard.