Vanguard Dividend Appreciation ETF (VIG) The Vanguard Dividend Appreciation ETF (NYSEMKT: VIG) invests in companies that not only pay dividends but also have a history of increasing their payments. The VIG's five largest holdings as of Jan. 31 were: Microsoft Walmart Johnson & Johnson Procter and Gamble UnitedHealth Group Stocks with a history of increasing their dividends are attractive to retirees, who are often hit hard by inflation. The VIG also has a super-low expense ratio of 0.06%.