The Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) is a mutual fund that seeks to provide investors with a high level of dividend income by tracking the performance of the FTSE High Dividend Yield Index. This index includes stocks of companies with above-average dividend yields and a history of consistently paying dividends. The fund is managed by Vanguard, a reputable investment management company known for its low-cost index funds. With the "Admiral Shares" designation, this fund is designed for larger investors and offers lower expense ratios compared to other share classes. Overall, VHYAX is a suitable option for investors seeking a steady stream of income from their investments.
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