5 Best Vanguard ETFs For 2024

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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