Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
Vanguard's table for Thursday, October 1, 2026, prices its energy fund at $172.16, Wednesday's close, against a $175.56 net asset value, a 1.94% discount, as of Sunday, October 4.
Key takeaways
Vanguard's energy fund closed two cents above the value of its stocks on Thursday, October 1. Vanguard's page said the shares were 1.94% below that value, and on Sunday, October 4, it still said so.
The fund, VDE, holds US energy stocks. Thursday's row lists a market price of $172.16 and a net asset value of $175.56, the value of those stocks per share. A discount means the share price is below that value.
The $172.16 is Wednesday's close, from September 30, set against Thursday's value. The page does that math correctly. It dates the price wrong.
A 1.94% discount, labeled the greatest of the quarter, looks like a chance to buy the fund for less than its stocks are worth. It is not. The quarter began on Thursday, and the table has two days, so the label sits on the wrong price.
The price history on the same page lists Thursday's close at $175.58, two cents above that value, a 0.01% premium. The shares tracked that value. The discount table said they had not.
The next row is Friday, and that one gets the day right. The price and the value are both $175.93. The box that says how far the shares moved is still on Wednesday's close.
Where the date slipped
Of seven Vanguard fund pages checked Sunday, five put Wednesday's close in the Thursday row: the energy fund, the technology fund, the fund that holds the S&P 500, the fund that holds S&P 500 growth stocks, and the fund that holds the US stock market. All five showed a discount for a day when the close was a premium to Thursday's value, and all five call that figure the greatest discount of the quarter.
The other two used Thursday's close: the fund that holds stocks outside the United States, and the fund that holds taxable US bonds.
A buyer of the energy fund on Thursday paid for the stocks, not for a discount. The page is still showing one.
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Frequently asked questions
Did the energy fund really close at a discount?
No, Thursday's close was $175.58, two cents above its net asset value.
Why does the page show a 1.94% discount?
It sets Wednesday's close of $172.16 against Thursday's net asset value of $175.56.
Did the same error show up on other Vanguard funds?
Five of seven pages checked Sunday put Wednesday's close in the Thursday row.
Which pages had Thursday's close right?
The funds holding stocks outside the United States and taxable US bonds used Thursday's close.
