Overview
The full US industrial complex — aerospace, defence, machinery, transport and electrical equipment, around 400 companies of every size.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| GE | GE Aerospace | 4.9% |
| CAT | Caterpillar Inc. | 3.6% |
| RTX | RTX Corp. | 3.4% |
| UBER | Uber Technologies | 3.2% |
| BA | Boeing Co. | 2.9% |
| ETN | Eaton Corp. | 2.8% |
| HON | Honeywell Intl | 2.6% |
| UNP | Union Pacific | 2.4% |
| DE | Deere & Co. | 2.3% |
| LMT | Lockheed Martin | 2.1% |
Fund Details
Investment Thesis
Every major theme of the decade lands on the industrials: defence rearmament, grid electrification, data-centre construction, reshored factories and the aerospace upcycle. VIS owns the whole complex down to the mid-cap electrical-equipment makers that sector-fund rivals cap out of, at Vanguard's 0.09%. The +15% year reflects a sector that quietly became a growth story.
Who It's For
Investors playing the capex super-cycle broadly rather than through a single theme fund, with small- and mid-cap torque included. The full-spectrum alternative to XLI.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $109.61 | -- |
| 2017 | $132.63 | +21.0% |
| 2018 | $115.39 | -13.0% |
| 2019 | $148.85 | +29.0% |
| 2020 | $166.71 | +12.0% |
| 2021 | $200.06 | +20.0% |
| 2022 | $186.05 | -7.0% |
| 2023 | $225.12 | +21.0% |
| 2024 | $263.39 | +17.0% |
| 2025 | $295.00 | +12.0% |
| Year | Yield |
|---|---|
| 2016 | 1.90% |
| 2017 | 1.70% |
| 2018 | 2.00% |
| 2019 | 1.70% |
| 2020 | 1.50% |
| 2021 | 1.20% |
| 2022 | 1.50% |
| 2023 | 1.40% |
| 2024 | 1.10% |
| 2025 | 1.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $2.2B | -- |
| 2017 | $3B | +36.4% |
| 2018 | $3.5B | +16.7% |
| 2019 | $3.8B | +8.6% |
| 2020 | $4B | +5.3% |
| 2021 | $5B | +25.0% |
| 2022 | $4.5B | -10.0% |
| 2023 | $5B | +11.1% |
| 2024 | $6.5B | +30.0% |
| 2025 | $7.5B | +15.4% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of September 2026.
Related US Sectors ETFs
Markets. Intelligence. Daily.
Full briefs on 350+ ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →