VPU is a Sector & Thematic ETF from Vanguard holding 66 positions as of May 31, 2026, with $8.5B in assets and a 0.09% net expense ratio. Its largest positions are NEE (11.8%), SO (6.7%) and DUK (6.3%); the top 10 holdings account for 52.5% of the portfolio. It yields 2.74% on a trailing-12-month basis.
- Issuer
- Vanguard
- Holdings
- 66
- Net Assets
- $8.5BETF assets as of 2026-08-10
- Expense Ratio
- 0.09%per latest SEC prospectus filing
- TTM Yield
- 2.74%trailing 12-month distributions
Performance
- 1M
- -4.3%
- YTD
- +3.4%
- 1Y
- +3.8%
- 3Y (ann.)
- +14.2%
- 5Y (ann.)
- +8.4%
- 10Y (ann.)
- +8.8%
A $10,000 investment 10 years ago would be worth $23,286 today at the 10Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Sector Breakdown
| Utilities | 99.6% |
|---|---|
| Other Sectors | 0.0% |
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 |  NEENextEra Energy Inc COM | 11.79% |
| 2 |  SOSouthern Co. (The) | 6.67% |
| 3 |  DUKDuke Energy Corp COM NEW | 6.28% |
| 4 |  CEGConstellation Energy Corp. COM | 5.83% |
| 5 |  AEPAmerican Electric Power Co, Inc. COM | 4.45% |
| 6 |  SRESempra COM | 3.83% |
| 7 |  DDominion Energy Inc COM | 3.76% |
| 8 |  VSTVistra Corp. COMMON STOCK | 3.57% |
| 9 |  ETREntergy Corporation COM | 3.21% |
| 10 |  XELXcel Energy Inc COM | 3.09% |
| 11 |  EXCExelon Corp. COM | 3.03% |
| 12 |  PEGPublic Service Enterprise Group Incorporated COM | 2.58% |
| 13 |  EDConsolidated Edison, Inc. COM | 2.51% |
| 14 |  WECWEC Energy Group Inc. COM | 2.38% |
| 15 |  PCGPG&E Corporation COM | 2.36% |
| 16 |  DTEDTE Energy Co. COM | 1.95% |
| 17 |  AEEAmeren Corp. COM | 1.92% |
| 18 |  CNPCenterpoint Energy Inc COM | 1.82% |
| 19 |  ATOAtmos Energy Corp. COM | 1.80% |
| 20 |  NRGNRG Energy, Inc. COM NEW | 1.78% |
| 21 |  EIXEdison International COM | 1.77% |
| 22 |  PPLPPL Corporation COM | 1.72% |
| 23 |  ESEversource Energy COM | 1.69% |
| 24 |  FEFirstEnergy Corp. COM | 1.68% |
| 25 |  AWKAmerican Water Works Company, Inc. COM | 1.48% |
Showing the top 25 of 66 holdings. See the full VPU holdings list →
VPU alternatives
The closest Sector & Thematic ETFs to VPU by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
| 98% | 0.08%cheaper | $2.3B | Compare → | |
 IDUiShares U.S. Utilities ETF | 90% | 0.38%pricier | $1.5B | Compare → |
 XLUState Street® Utilities Select Sector SPDR® ETF | 89% | 0.08%cheaper | $23.0B | Compare → |
 EMLPFirst Trust North American Energy Infrastructure Fund | 35% | 0.95%pricier | $4.2B | Compare → |
 PHOInvesco Water Resources ETF | 3% | 0.59%pricier | $2.1B | Compare → |
Frequently Asked Questions
What is VPU's expense ratio?
VPU has a net expense ratio of 0.09%, per its latest SEC prospectus filing. That works out to about $9 a year on a $10,000 investment.
How many holdings does VPU have?
VPU held 66 positions as of May 31, 2026, per its latest official holdings data.
What are VPU's top 10 holdings?
VPU's largest positions are NEE (11.8%), SO (6.7%), DUK (6.3%), CEG (5.8%), AEP (4.5%), SRE (3.8%), D (3.8%), VST (3.6%), ETR (3.2%), XEL (3.1%). Together they account for 52.5% of the portfolio.
What is VPU's dividend yield?
VPU yields 2.74% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is VPU?
VPU has $8.5B in assets as of Aug 10, 2026.
What are good alternatives to VPU?
By portfolio overlap, the closest Sector & Thematic ETFs to VPU are FUTY (98% overlap), IDU (90% overlap), XLU (89% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.